QE hurts the elderly

[Gabfly1]

Quote from Tsing Tao:

olias doesn't believe that inflation is primarily driven by current fed policy. he's stated that many times. yet i asked you whether you believed that, and you stated that my questions were rhetorical (avoiding the direct answer yet again). i assumed (perhaps wrongly) that you meant they were a given.

so please answer, directly. do you believe that current fed policy is the primary driver of inflation, and why or why not?

of course you can try yet another avoidance tactic and not answer. as for interpretation, i wouldnt need interpretation if you would just answer the fucking question.

Go read the specific post of his which I quoted and with which I agreed, and try not to read any more into it than is there. Please try to focus.

 

[Tsing Tao]

Quote from Ricter:

I don't either. Core inflation is flat. Energy and food inflation is high, but the fed has little to nothing to do with those.

sorry, i don't mean to make you repeat yourself, but i just want to be clear that i get what you're saying.

you are stating that the fed has little to nothing to do with the inflation we're seeing in food or energy, is that accurate?

and thank you for not cowering away from the question like your compatriot.

 

[Ricter]

Quote from Tsing Tao:

...You are stating that the fed has little to nothing to do with the inflation we're seeing in food or energy, is that accurate?

Yes.

 

[Tsing Tao]

Quote from Gabfly1:

Go read the specific post of his which I quoted and with which I agreed, and try not to read any more into it than is there. Please try to focus.

remember this thread and your repeated avoidance of answering questions i've placed to you simply and consistently the next time you voice about the futility of people trying to have a simple discussion on this forum.

 

[Tsing Tao]

Quote from Ricter:

Yes.

thank you. do you believe that the federal reserve is the primary control point for the value of the US Dollar?

 

[Gabfly1]

Quote from Tsing Tao:

remember this thread and your repeated avoidance of answering questions i've placed to you simply and consistently the next time you voice about the futility of people trying to have a simple discussion on this forum.

Now you are being a troll. I agreed with olias's post and said so. Reading more into my remark is your own doing. I also addressed your questions. However, you have chosen to be obtuse and argumentative. You may not like my answers, but there they are. You're not a fool like some of your compatriots on your side of the aisle, but you're also not quite as smart as you think you are. Don't make the mistake of confusing arrogance with intelligence.

 

[Ricter]

Quote from Tsing Tao:

thank you. do you believe that the federal reserve is the primary control point for the value of the US Dollar?

Primary, no. Influential, yes.

 

[Tsing Tao]

Quote from Gabfly1:

Now you are being a troll. I agreed with olias's post and said so. Reading more into my remark is your own doing. I also addressed your questions. However, you have chosen to be obtuse and argumentative. You may not like my answers, but there they are. You're not quite as smart as you think you are. Don't make the mistake of confusing arrogance with intelligence.

on the off-chance i have missed your "answers", please allow me to apologize and ask my questions again. hopefully you will humor me this one last time.

do you, like ricter, believe the energy and food inflation is not primarily driven by the Federal Reserve? yes or no will do as an answer.

 

[Tsing Tao]

Quote from Ricter:

Primary, no. Influential, yes.

ok, you do not believe the federal reserve is the primary driver of the US dollar's value. can you explain what you believe is?

 

[Gabfly1]

Quote from Tsing Tao:

...do you, like ricter, believe the energy and food inflation is not primarily driven by the Federal Reserve? yes or no will do as an answer.

As you probably know there are contributing variables. I believe the Fed can and certainly does contribute with loose monetary policy, which I believe had generally been employed inappropriately until the crisis, but which was necessary in its wake. You with me so far? However, the US does not exist in isolation from the rest of the world. Therefore, the value of its currency, and its buying power, is also dependent on any number of variables outside of strictly monetary policy regulated by the Fed. As to which are the key drivers, I think it can vary from time to time. In the same way that one market does not always lead another, so no one driver is the dominant one at all times. Commodity prices can surge or drop for any number of contributing reasons, and the relative weight of those variables need not be constant over time. If you want an answer more precise than that, then you don't understand the question.

Please don't ask me again.