These statements about transitory inflation are bs, it is INFLATION!

[UsualName]

I don't like the answer? You've not given one. A or B. A, contributes. B, doesn't. You can't answer.

One letter.

Oh but I have given an answer. You’re trying formulate an experiment in a sterile environment. The world is not a perfect place and is in total disruption from Covid and transitioning into a world with covid. This is the core problem, or was until the Russians went all 1939 Germany on Ukraine. Now we have two major factors for economic disruption.

Now to your money supply issue I will refer back to previous posts where I told you it can be both and they way we tell which is the right answer is through measurements of economic activity. Things like savings rates, spending, credit utilization, bank lending, speed at which money moves. If everyone is hoarding then no, stimulus measures have little to no impact on inflation, if everyone is spending then yes stimulus will have an impact. This is why we measure.

 

[UsualName]

This is about supply today AND tomorrow. But mostly, its about supply.

Vastly different than the oil run up in 2006/7 or since.

I can agree with this. However the split in price of gas and oil per barrel is in uncharted territory.

 

[Tsing Tao]

Oh but I have given an answer. You’re trying formulate an experiment in a sterile environment. The world is not a perfect place and is in total disruption from Covid and transitioning into a world with covid. This is the core problem, or was until the Russians went all 1939 Germany on Ukraine. Now we have two major factors for economic disruption.

Now to your money supply issue I will refer back to previous posts where I told you it can be both and they way we tell which is the right answer is through measurements of economic activity. Things like savings rates, spending, credit utilization, bank lending, speed at which money moves. If everyone is hoarding then no, stimulus measures have little to no impact on inflation, if everyone is spending then yes stimulus will have an impact. This is why we measure.

Still can't just give a letter. This is how I know you're on shaky ground. Baffle with BS.

 

[ipatent]

Treasury secretary blasted after admitting she was 'wrong' on inflation

Secretary of the Treasury Janet Yellen irked plenty of people with her admission Tuesday that she was "wrong" on inflation being transitory. The resounding message from critics on Twitter was for Yellen to "resign."

Appearing on CNN with anchor Wolf Blitzer, Yellen admitted that she had not anticipated just how intense and prolonged America’s inflation suffering would be.

Last June, Yellen claimed that inflation would be "transitory." A few months prior to that, the Treasury secretary claimed that inflation risks were "small and manageable," and even before that, Yellen assured concerned Americans that the Biden administration could handle any inflation risks as they come.

 

[UsualName]

Treasury secretary blasted after admitting she was 'wrong' on inflation

Secretary of the Treasury Janet Yellen irked plenty of people with her admission Tuesday that she was "wrong" on inflation being transitory. The resounding message from critics on Twitter was for Yellen to "resign."

Appearing on CNN with anchor Wolf Blitzer, Yellen admitted that she had not anticipated just how intense and prolonged America’s inflation suffering would be.

Last June, Yellen claimed that inflation would be "transitory." A few months prior to that, the Treasury secretary claimed that inflation risks were "small and manageable," and even before that, Yellen assured concerned Americans that the Biden administration could handle any inflation risks as they come.

Again, more mischaracterizations of what Yellen actually said. And to be fair no one foresaw how Covid would linger and continue to disrupt and certainly not Russia going full invasion.

 

[UsualName]

Still can't just give a letter. This is how I know you're on shaky ground. Baffle with BS.

I’m sure you’re baffled.

 

[Tsing Tao]

Again, more mischaracterizations of what Yellen actually said. And to be fair no one foresaw how Covid would linger and continue to disrupt and certainly not Russia going full invasion.

Sure. No one.

 

[wildchild]

Again, more mischaracterizations of what Yellen actually said. And to be fair no one foresaw how Covid would linger and continue to disrupt and certainly not Russia going full invasion.

Russia invaded in late Feb. You were spouting this non-sense back in Nov. Stop blaming Russia for everything.

 

[UsualName]

Russia invaded in late Feb. You were spouting this non-sense back in Nov. Stop blaming Russia for everything.

And that’s the point. Transitory conditions have extended. But no I have been saying this disruption is coming longer than late February. Other than retirement, I’ve been out of the market since December! I have also been warning the Fed cannot cure supply side inflationary factors with demand side policy - it’s going to create a recession!

 

[Tsing Tao]

And that’s the point. Transitory conditions have extended. But no I have been saying this disruption is coming longer than late February. Other than retirement, I’ve been out of the market since December! I have also been warning the Fed cannot cure supply side inflationary factors with demand side policy - it’s going to create a recession!

Transitory for Longer™