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Started By
Message
re: Top Economists Expect Inflation To ‘Accelerate Strongly’ In Coming Weeks
Posted on 5/24/21 at 2:34 pm to A Smoke Break
Posted on 5/24/21 at 2:34 pm to A Smoke Break
quote:Pretty good case for getting the governing bodies out of it no?
There's always a socio-economic bend to every decision made my a governing body, regardless of how large.
1
Posted on 5/24/21 at 2:35 pm to Sneaky__Sally
quote:
Never trust an "economist" outside of basic, perfect market situations or when just discussing theories which are not being applied to real world situations.
You can trust the ones who manage portfolios. But ya, economists are mostly academic frauds just like everything else. My favorites are the ones who acknowledge how wrong everybody has been for decades and of course the solution is to double down in conclusion
Posted on 5/24/21 at 2:37 pm to Yoda Baby
quote:
Pretty good case for getting the governing bodies out of it no?
Again, politics isn't objective in nature. You can't just change policy and eliminate something that's intrinsically apart of political philosophy.
You'd have utter chaos.
Posted on 5/24/21 at 2:47 pm to member12
2.8% in 2021 + 2.3% in 2022 + 1.2% in 2020 = 6.3% increase on all consumer goods!
Posted on 5/24/21 at 2:58 pm to BuckyCheese
Thats actually one of the good places to go when there is inflation.
Posted on 5/24/21 at 2:59 pm to member12
Posted on 5/24/21 at 3:04 pm to wutangfinancial
quote:
You can trust the ones who manage portfolios. But ya, economists are mostly academic frauds just like everything else. My favorites are the ones who acknowledge how wrong everybody has been for decades and of course the solution is to double down in conclusion
And it is somehow the same mother frickers that are in the public eye and advisory positions despite decades of complete whiffs and failures. Unfortunately that isn't surprising at all.
Posted on 5/24/21 at 3:18 pm to member12
If one was reading the rhetoric in this thread, you might think we were on the cusp of hyperinflation. 2.8% inflation is lower than I expected given the amount of stimulus. The Fed has seemed committed to the 2% inflation target, and if I may read between the lines, is far more concerned about the possibility of something like the Lost Decade in Japan than they are about hyperinflation. I think they feel they have enough measures to control inflation, but I guess that remains to be seen.
Posted on 5/24/21 at 3:18 pm to Sneaky__Sally
quote:Krugman predicted in 1998 that the Internet would be no more important than the fax machine.
And it is somehow the same mother frickers that are in the public eye and advisory positions despite decades of complete whiffs and failures. Unfortunately that isn't surprising at all.
Friedman predicted in 1999 that the Internet would allow people to send money to each other without banks or governments getting in the way.
We base all of our monetary policy on Krugman and his disciples.
We are so fricked.
Posted on 5/24/21 at 3:23 pm to member12
glad to be getting the best insights available from the economic/political geniuses of Tigerdroppings.com. This all may be true, it may not, all I know is that people only really care as far as they can use it as ammo to shite on a president they don't like. Liberals did it with children in cages on the border to hate on trump, conservatives are doing with inflation to hate on Joe.
Posted on 5/24/21 at 3:24 pm to BigBobbyStorey
quote:
glad to be getting the best insights available from the economic/political geniuses of Tigerdroppings.com. This all may be true, it may not, all I know is that people only really care as far as they can use it as ammo to shite on a president they don't like. Liberals did it with children in cages on the border to hate on trump, conservatives are doing with inflation to hate on Joe.
Nice alt mingo
This post was edited on 5/24/21 at 3:25 pm
Posted on 5/24/21 at 3:25 pm to A Smoke Break
quote:
Nice alt mongo.
I don't understand what this means.
Posted on 5/24/21 at 3:26 pm to BigBobbyStorey
quote:
I don't understand what this means.
My fat fingers hit o instead of i and i called you an alter of another poster on the lounge.
Posted on 5/24/21 at 3:28 pm to Sneaky__Sally
quote:
And it is somehow the same mother frickers that are in the public eye and advisory positions despite decades of complete whiffs and failures
You mean Paul Krugman?
When you politicize economics, you're not going to be right. It is what it is, and inflation is the cost of putting trillions of dollars in the economy.
It aint hard to understand.
Posted on 5/24/21 at 3:31 pm to RogerTheShrubber
quote:
You mean Paul Krugman?
When you politicize economics, you're not going to be right. It is what it is, and inflation is the cost of putting trillions of dollars in the economy.
It aint hard to understand.
Hit the nail on the head.
Posted on 5/24/21 at 3:33 pm to Duke
quote:
Who didn't expect some inflation when everything opened up?
IDK... Pauly Shore? He seems dumb.
Posted on 5/24/21 at 3:38 pm to wutangfinancial
quote:Pure economist look at things from a social science perspective. That's why most of them have bachelors and masters of arts instead of bachelors and Masters of sciences.
You can trust the ones who manage portfolios. But ya, economists are mostly academic frauds just like everything else.
Individuals who study financial economics look at the data from a pure numbers perspective, and those are the individuals who are sounding the alarm right now.
Posted on 5/24/21 at 3:38 pm to RogerTheShrubber
It is a feature of the entire industry, look at 2009 - many influential economists kept and/or increased their positions. The profession has a culture of non-culpability (unless you are actively managing other people's money of course, but those aren't really people who I would brand as "economists").
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