how inflation comes about
- Thread starter happy trading
- Start date
Thanks Tradex.
You'll love this, came across an earlier Fed use of the word transitory in the book Fed Up - "Speaking of inflation (back in 2014), Yellen's duplicity had become so obvious that her use of the word -"transitory"- had become the brunt of jokes on Wall Street"
Chapter goes on further explaining how Yellen bounced back and forth between PCE and Core Inflation numbers to suit her whims to keep rates looooow. Academics gotta love them. Not.
And to think I had such high hopes for Powell because like Volker he previously had worked outside The Fed system and has an inkling of what it means to work within real world budgetary restraints / no free lunch.
You'll love this, came across an earlier Fed use of the word transitory in the book Fed Up - "Speaking of inflation (back in 2014), Yellen's duplicity had become so obvious that her use of the word -"transitory"- had become the brunt of jokes on Wall Street"
Chapter goes on further explaining how Yellen bounced back and forth between PCE and Core Inflation numbers to suit her whims to keep rates looooow. Academics gotta love them. Not.
And to think I had such high hopes for Powell because like Volker he previously had worked outside The Fed system and has an inkling of what it means to work within real world budgetary restraints / no free lunch.
You m
you all mean none of you got your free stimulus checks? ROFLMAOThanks Tradex.
You'll love this, came across an earlier Fed use of the word transitory in the book Fed Up - "Speaking of inflation (back in 2014), Yellen's duplicity had become so obvious that her use of the word -"transitory"- had become the brunt of jokes on Wall Street"
Chapter goes on further explaining how Yellen bounced back and forth between PCE and Core Inflation numbers to suit her whims to keep rates looooow. Academics gotta love them. Not.
And to think I had such high hopes for Powell because like Volker he previously had worked outside The Fed system and has an inkling of what it means to work within real world budgetary restraints / no free lunch.
So just to be clear, you are the one who responded to me. A bit of an a-hole move to come in and engage me in a conversation, then when you're faced with inconvenient questions you can't answer you pull the whole, I'm gonna take my ball and go home thing, don't you think?
You're really on the wrong end of it in pretty much every conversation in this thread. It's really sad that you're response is to become more and more belligerent rather than taking the opportunity to learn. At this point the most interesting part of this thread observing you and how you're responding.
Leading, lagging or coincident indicator?
https://www.bloomberg.com/news/arti...st-coast-race-to-clear-ship-backlog-by-august
Now run along seeking someone else's attention/approval and complete devotion to your thinking and your thing only. And if they don't I guess label them an a-hole as well.
As for not responding to anything in particular I have in almost each case but you were having none of it.
I posted a quote unattributed a few pages back asking who said it and why .... and got no response.
Could it be because it was Ben Bernanke aka Helicopter Ben who cringes that he ever said his other infamous free money quote about dropping dollar bills from a helicopter?
But The Fed doesn't do that. Nooooooooooo.
A few of you guys need to go back to Academia and leave trading to us traders.
Paywall.
And The FED/Fred M2 is broke. With fractional and shadow banking and other M's and other exotic monies its really meaningless.
Ask a few others here they'll tell you I'm ..... wrong.
Which should tell you something else.Interestingly trading actually hasn't been mentioned in this thread much if at all, it's a thread about macro economic topics. Unfortunately it appears you haven't actually spent much if any time studying macro economic topics, so I looks like you're pretty transparently opting for the anti-intellectual angle to cover for that.
Like I said, at this point watching you lashing out is the most interesting part of the thread.