I hear you. I heard how sawmills in the pacific Northwest paid 50 cents to a dollar per hour back in the 60s. I did make a point regarding current salaries being too low. Many industries in Canada underpay their employees in 2022,regardless of what levels were in the 60s.
Expected inflation is 2.35%? Isn't that too low?
- Thread starter timothylee
- Start date
You don't even understand the difference between interest rate and inflation.
The forward rate swaps predict interest rates, not inflation.
There is no direct relationship between interest rates and inflation.
You could have high interest rates and low inflation( when path of interest rates goes down)or low interest rates and high inflation(when path of interest rates goes up).
The inflation data on FED website is simply saying while interest rate is still high, it will be on the decline,so inflation will be lower, which is never predicted by forward rate swaps.
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Never heard of inflation forward swaps? They are linked to inflation benchmarks. I worked for years on structuring rates derivative notes. Sounds like you just disagree for the sake of it.
Your previous post said forward rate swaps,not inflation forward swaps.Your post clearly showed your ignorance on basic inflation concept.
See your own post, you said forward rate swaps and associated it with future expected inflation.
Your effort to cover your ignorance only exposes your dishonesty.
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Never used the term interest rate swap either. I am not gonna argue with you over what you might or might not have read into my post. You got the point I made and it stands, if you worked in this field you could look up current pricing yourself. Obviously you don't. That closes the case for me.
You have been posted one lie after another.
At first you compared fed figures with current inflation.Your own words were " the true inflation we are currently seeing."Is that meaning current inflation?
Then when I pointed out fed figures are about expected future inflation, you associated future inflation with forward rate swaps.And then after I pointed out you changed it to future inflation swaps.
I am done you ignorant and dishonest joke.
If you don't believe the Fed, perhaps you might believe Goldman Sachs who just predicted this morning that inflation will fall below 3% by the end of 2023.
https://www.marketwatch.com/story/i...goldman-sachs-economists-forecast-11668417681
@wmwmw, read my first post again you argumentative clown:
I never used the term "future inflation swap". I referenced "forward swap". I also spoke of "one rear inflation", obviously not speaking of current annualized inflation but inflation one year out. And I don't even know how you can construe that I meant interest rate swaps, it makes zero sense.
Listen, I could have been more precise but you really don't need to be a ridiculous asshole and blow this out of every proportion just in order to appear superior. I have probably worked with rates derivatives a lot longer than you have. I can agree on not having been precise but you appear to have a huge chip on your shoulder.
I also don't walk along and get all excited about you having written "you have been posted...", "oh my God, you are so grammatically wrong, see, you can't even write proper English, you must be a retard and liar" .
You should probably learn to differentiate between a lapse/omission/lack of precision and a serious logical error.
I never used the term "future inflation swap". I referenced "forward swap". I also spoke of "one rear inflation", obviously not speaking of current annualized inflation but inflation one year out. And I don't even know how you can construe that I meant interest rate swaps, it makes zero sense.
Listen, I could have been more precise but you really don't need to be a ridiculous asshole and blow this out of every proportion just in order to appear superior. I have probably worked with rates derivatives a lot longer than you have. I can agree on not having been precise but you appear to have a huge chip on your shoulder.
I also don't walk along and get all excited about you having written "you have been posted...", "oh my God, you are so grammatically wrong, see, you can't even write proper English, you must be a retard and liar" .
You should probably learn to differentiate between a lapse/omission/lack of precision and a serious logical error.
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[Partial QUOTE="notagain, post: 5715495, member: 512733"]...... flooding the country with low pay workers to lower inflation while Biden energy policy is causing inflation.
The Fed is a rubber stamp for the establishment.
Institutions are losing their independence.[/QUOTE]
%%
THAT's certainly, partly true.
But its a thin coin, that only has one side [sarcasm].
1] We actually need more low pay farm workers that do jobs that North Americans dont want to do. We dont need a flood of them, as you pointed out.
Sounds like the Fed has more backbone than most. [OK, S&P did have enough guts to downgrade US debt years ago]
I heard Jerome Powell rebuke Congress ,with the remark ,current debt levels are unsustainable. [EDIT , that was MANY months ago].
Its a shame he [+ S&P] even had to make that obvious rebuke
Hard to make predictions, especially about the future. Thanks.
The Fed is a rubber stamp for the establishment.
Institutions are losing their independence.[/QUOTE]
%%
THAT's certainly, partly true.
But its a thin coin, that only has one side [sarcasm].
1] We actually need more low pay farm workers that do jobs that North Americans dont want to do. We dont need a flood of them, as you pointed out.
Sounds like the Fed has more backbone than most. [OK, S&P did have enough guts to downgrade US debt years ago]
I heard Jerome Powell rebuke Congress ,with the remark ,current debt levels are unsustainable. [EDIT , that was MANY months ago].
Its a shame he [+ S&P] even had to make that obvious rebuke
Hard to make predictions, especially about the future. Thanks.