4 ms·
I like your take on it. But 7% inflation? Got a source you could cite?
by chrisweekly 5y ago
I like your take on it. But 7% inflation? Got a source you could cite?
- ineptech 5y agoThe exact value of inflation this year is controversial and depends a lot on how you measure it, but you can replace it with 6 or 8 or whatever you think the correct value is without altering their point.
- chrisweekly 5y agoAgreed. Thanks for your response. I'd thought it was closer to half that, glad to have a bit of of ignorance remedied. :)
- nradov 5y agoThe current annualized US consumer price inflation rate is 6.8%. https://www.cnbc.com/2021/12/10/consumer-price-index-november-2021.html https://www.cnbc.com/2021/12/10/consumer-price-index-novembe...
- chrisweekly 5y agoThanks (TIL)
- arcticbull 5y agoI do believe the medium-term inflation goal of 2% will be reached, and that this is simply a function of supply chain disruptions. I was using the most recent CPI data. You can also get a 7% yield on treasury Series I bonds. [1] [1] https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm https://www.treasurydirect.gov/indiv/products/prod_ibonds_gl...
- chrisweekly 5y agoThanks (TIL)