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Here's a chart: https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm https://www.federalreserve.gov/monetarypolicy/bst_recenttren... Many predic
by davidw 6y ago
Here's a chart:
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm https://www.federalreserve.gov/monetarypolicy/bst_recenttren...
Many predicted doom and gloom and massive inflation when this started during the last recession, but that never came to pass.
I have no idea what will happen, and am kind of wary of everyone trying to sell a story. There are a lot of doom & gloomers who predicted 8 of the last 3 recessions, as well as "this is fine" optimists too.
- magneticnorth 6y agoAgree on being wary of everyone trying to sell a story. This is one of the things I love most about HN, though - people will often share very different thoughtful perspectives, with the sources & data to back it up. Thanks for sharing your thoughtful perspective with the sources to back it up :)
- davidw 6y agoThere aren't too many experts in macroeconomics on HN, but lots of people with a story or viewpoint they want to push. I'd take most of what gets posted here with a grain of salt.
- deleted 6y ago[deleted]