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Not everyone has an eye for data, but this is a pretty clear correlation (time delayed, of course) as far as real world macroeconomic signals go. Contrary to yo
by lend000 5y ago
Not everyone has an eye for data, but this is a pretty clear correlation (time delayed, of course) as far as real world macroeconomic signals go. Contrary to your claim, significant increases in M2 have historically predicted increases in inflation with high probability for over 50 years, even without controlling for other factors. And all the people predicting decade-high inflation and asset inflation since last year have been right so far.
- Retric 5y ago> as far as real world macroeconomic signals go That’s some serious weasel wording right there. Either a model fits real world data or it doesn’t, ignoring all those times a model failed isn’t an eye for data it’s a delusion. > And all the people predicting decade-high inflation and asset inflation since last year have been right so far. That’s little different from walking into a room full of broken clocks picking those that are currently accurate and suggesting they must be working fine. If you select for people who accurately predicted the last year you then need to look at their predictions of every prior year.