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re: CPI increase came in at 4.2% vs expected 3.6%.
Posted on 5/12/21 at 8:11 am to Aubie Spr96
Posted on 5/12/21 at 8:11 am to Aubie Spr96
quote:
Man, y’all have a lot of faith in the gov’t to control the largest, most complex economy the world has ever seen. What have they done over the last several decades to convince you they won’t frick it up?
I’ve got a decent amount of faith in the Fed, but more than anything, I believe the public is wrong the most. When every single John Doe is talking about inflation, I’m not worried about it. History shows the public is woeful at predicting this stuff.
Posted on 5/12/21 at 9:30 am to slackster
quote:
I’ve got a decent amount of faith in the Fed,
I used to, but I think it is reckless for them to be tying their tapering goals to something like unemployment numbers.
quote:
When every single John Doe is talking about inflation, I’m not worried about it
People are talking about it because its visible and obvious. I'm not worried about it in a sense, but I need to do something with this cash if it is going to continue to be worth less and less each day. I think that's the surge you're seeing in hard assets like real estate and commodities. People are hedging themselves against it.
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