3 ms·

>See "M2SL" or "TOTBKCR" on tradingview if you want to see inflation live. https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL htt

by gruez 5mo ago

>See "M2SL" or "TOTBKCR" on tradingview if you want to see inflation live. https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/TOTBKCR https://fred.stlouisfed.org/series/TOTBKCR And you would have been massively wrong. People have been complaining about quantitative easing since post GFC, and if you took the figures at face value, those would imply inflation was nearly 100% between the end of GFC and before the pandemic. Whatever you thought about the post-pandemic inflation, the period between GFC and pre-pandemic definitely did not see the level of inflation implied by those figures.

disgruntledphd2 5mo ago
I mean, it sortof did in assets, just not in the changes tracked by CPI.
- downrightmike 5mo ago
  That's because they take and modify what is tracked in the CPI at will
  - gruez 5mo ago
    https://www.bls.gov/cpi/tables/relative-importance/home.htm https://www.bls.gov/cpi/tables/relative-importance/home.htm What do you find controversial, and would cause a material difference in the headline inflation rate?
    - VirusNewbie 5mo ago
      Housing has a massive lag when it comes to CPI. CPI works by asking how much people pay for rent. If home prices raise 20% in one year (not at all unreasonable in various times in the last ten years), it takes a long time for that to be reflected as many people have their rents fixed, some people have rent control, some landlords will only raise rents on new tenants, etc.
      - gruez 5mo ago
        >Housing has a massive lag when it comes to CPI. >[...] many people have their rents fixed, some people have rent control, some landlords will only raise rents on new tenants, etc. In other words, rent is lagged when it comes to the CPI... because the rent people actually pay is also lagged?
        VirusNewbie 5mo ago
        for existing, well established renters, sure. For new renters, or people who move, or people who face housing insecurity, or people who want to buy homes, it's much higher and not accurately reflected in CPI.
staplers 5mo ago
those would imply inflation was nearly 100% between the end of GFC and before the pandemic ... yes? There's many things I'm paying double for at this point from 10-20 years ago. Maybe you haven't noticed? Streaming services, diapers, energy, etc. the list is long if you look deep enough

by gruez 5mo ago

disgruntledphd2 5mo ago

I mean, it sortof did in assets, just not in the changes tracked by CPI.

downrightmike 5mo ago
That's because they take and modify what is tracked in the CPI at will
- gruez 5mo ago
  https://www.bls.gov/cpi/tables/relative-importance/home.htm https://www.bls.gov/cpi/tables/relative-importance/home.htm What do you find controversial, and would cause a material difference in the headline inflation rate?
  - VirusNewbie 5mo ago
    Housing has a massive lag when it comes to CPI. CPI works by asking how much people pay for rent. If home prices raise 20% in one year (not at all unreasonable in various times in the last ten years), it takes a long time for that to be reflected as many people have their rents fixed, some people have rent control, some landlords will only raise rents on new tenants, etc.
    - gruez 5mo ago
      >Housing has a massive lag when it comes to CPI. >[...] many people have their rents fixed, some people have rent control, some landlords will only raise rents on new tenants, etc. In other words, rent is lagged when it comes to the CPI... because the rent people actually pay is also lagged?
      - VirusNewbie 5mo ago
        for existing, well established renters, sure. For new renters, or people who move, or people who face housing insecurity, or people who want to buy homes, it's much higher and not accurately reflected in CPI.

staplers 5mo ago

those would imply inflation was nearly 100% between the end of GFC and before the pandemic ... yes? There's many things I'm paying double for at this point from 10-20 years ago. Maybe you haven't noticed? Streaming services, diapers, energy, etc. the list is long if you look deep enough