Clarida Walks Back Powell's Hawkishness, Assures Market 'Inflation Is Subdued'
- Thread starter Banjo
- Start date
Pathetic!
Inflation is hardly "subdued".... only redefined/substituted to look like it's "subdued".
Everybody with half-a-brain knows this.
Inflation is hardly "subdued".... only redefined/substituted to look like it's "subdued".
Everybody with half-a-brain knows this.
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Are you short lol. Yes the gov can manipulate the stats. But CPI is CPI. Sure it may not reflect the complete true picture.
But what’s been happening in the past years and decades is that technology and globalization has accelerated the concentration of wealth going to the top of the pyramid while the general population base has not seen much wage growth. Without higher demand of consumer goods the prices cannot rise much.
The CPI didn't come down on Mt. Sinai.
https://www.imf.org/~/media/Files/Data/CPI/chapter-12-errors-and-bias.ashx
Fed's Mester says inflation expectations stable, economy at an 'equilibrium'
https://www.reuters.com/article/us-...table-economy-at-an-equilibrium-idUSKCN1SA00B
https://www.reuters.com/article/us-...table-economy-at-an-equilibrium-idUSKCN1SA00B
Famous last words.
If inflation should explode he might become famous like Irving Fischer, who said just prior to the 1929 crash that the stock market has reached a permanently high plateau.
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