3 ms·
Higher than expected by government agencies, obvious to everyone else.
by tracedddd 5y ago
Higher than expected by government agencies, obvious to everyone else.
- gruez 5y agoWeren't "everyone else" expecting rampant inflation since last year, when the fed started printing money? I guess if you make that prediction long enough it'll eventually come true.
- debacle 5y agoInflation doesn't happen overnight.
- tracedddd 5y agoI don’t think a few years is really very long when dealing with an economy of this size. I never expected hyperinflation, just runaway inflation.
- rmah 5y agoIt is, in fact, a very long time. Because economic cycles these days are 5 to 10 years long (which is pretty long historically). Being a bit off on your inflation call by just 2 or 3 years is essentially the same as being completely wrong.
- imtringued 5y agoLast year? People complained about QE as soon as it appeared in the press more than 8 years ago.
- spamizbad 5y agoPeople thought the USD was going to hyper-inflate in 2008-2009 and took huge bets against it... it ended up deflating.
- moate 5y agoListen man, dudes on the internet are tapped in. They get this stuff. Those stuffed suits in washington, with their economics degrees and tight working relationships with the mega-corps influencing pricing, they don't know squat. Everyone knows the only person who understands economics is the person talking at you about how they're the only one who knows economics. /s It's higher than the feds expected, lower than the doom-prophets predicted, and still within the range that most people familiar with the Modern Money Theory would consider fine for the long term need to start taxing more heavily.
- skywhopper 5y agoGovernment agencies don’t predict inflation. The “expectation” mentioned is a survey of economists. No info on who they ask, and there’s no reason to think those surveyed have any special insight beyond their academic training.