Don’t trust the “experts”: Jim Cramer told his audience that inflation has peaked and its “nirvana” time.

Not just Cramer but from other more established financial experts as well.

Here is one from Bloomberg:

Why the Inflation Data Is Better Than You Think.Inflation might finally be cooling. By one measure, the consumer price index was unchanged in July.

MM: Have we hit peak inflation?JW: I think there’s a pretty good chance that on a year-over-year basis, we’ve seen the worst of the inflation. We have seen the significant cooling of commodities. We have seen a slowdown in the housing market. We have seen sustained improvement on supply chains

And of course from our friend Jim Cramer.

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CNBC’s Jim Cramer on Wednesday said that inflation is finally peaking, which is good news for stocks that have been trampled in recent months.

“The stock market … totally saw peak inflation coming,” the “Mad Money” host said

here also had a video on top of that.

https://www.cnbc.com/video/2022/08/10/peaking-inflation-is-undeniably-here-and-nirvana-for-stocks.html

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source:

https://www.bloomberg.com/news/articles/2022-08-12/has-inflation-peaked-why-july-2022-inflation-report-is-better-than-you-think

https://www.cnbc.com/2022/08/10/inflation-is-peaking-and-that-is-nirvana-for-stocks-jim-cramer-says.html