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I was never intending to single out a particular pundit, but rather, a trend I have noticed. Here's the NYT showing Step 1: "Inflation Fear Lurks, Even as Offi
by BitwiseFool 5y ago
I was never intending to single out a particular pundit, but rather, a trend I have noticed.
Here's the NYT showing Step 1: "Inflation Fear Lurks, Even as Officials Say Not to Worry"
"There is little evidence for a big jump in prices" and some historical nod to be worried about deflation "For much of that time, deflation, or falling prices, was a leading cause of anxiety among investors and economic experts."
https://www.nytimes.com/2021/03/26/business/economy/bond-vigilantes-interest-rates.html https://www.nytimes.com/2021/03/26/business/economy/bond-vig...
Here's another NYT article showing Step 2: "Inflation Is Popping From Sydney to San Francisco. It May Be a Good Sign."
This one acknowledges inflation and wants to present it as something not to be scared about, and something that might actually be good.
https://www.nytimes.com/2021/09/07/business/economy/inflation-coronavirus-economy.html https://www.nytimes.com/2021/09/07/business/economy/inflatio...
"Inflation Has Arrived, but Washington Isn’t Racing to Limit Price Pops" Another acknowledgement that inflation is happening - in contrast to earlier articles dismissing the fears of inflation. And, a direct reference to the softening I described where it is described as a good thing: "Today’s inflation could offer benefits."
https://www.nytimes.com/2021/07/26/business/economy/inflation-rise.html https://www.nytimes.com/2021/07/26/business/economy/inflatio...
We aren't at Step 3 yet. But I'd like to emphasize that what I posted was a casual observation. I see it as a response to something that a pundit or talking-head doesn't want the public to panic about. Especially when it comes to the economy, where expectations tend to become self fulfilling prophecies.