Posted on 12/13/2022 9:36:50 AM PST by SeekAndFind
I don’t trust the NYT either.
Well, the RAT “media” will convince the ignorant “americans” that inflation has eased. There’s an election coming up. Boy Biden (Hunter) will be running for president and will reduce the price of a gallon of gas from 12 bucks to 7.00 bucks. “Americans” will rejoice! Eggs will go from 9.50 a dozen to 7.95.
A bigger question: Should anyone believe a damn thing the NYT writes?
When it comes to predictions, I put economists on the same level as stock research analysts, which is seven levels below a chimp randomly throwing darts at a dartboard. Paul Krugman wins the all time prize for abject blindness coupled with innate stupidity and topped off with a heap of dishonesty
Hell no!
Inflation will go away when the federal government balances its budget. Good.luck with that.
Basically, Asymmetrical Information is not for public consumption.
Supply and demand is not inflation.
As long as there is a war on fossil fuels inflation will continue.
Inflation has already started decline. Employment is still too hot so the FED must keep raising rates as well as selling off bonds (which everyone ignores yet it has just as much effect as raising rates). Also, it takes months for an interest rate raise to work its way into the economy.
So far, so good.
I can predict with absolute certainty that next year inflation will either go up, go down, or stay the same.
Anyone who claims more certainty than that is either lying or does not understand the situation. If I knew for a fact what any economic measure would do in the next year, I could retire as a billionaire at the end of the year.
The inflation numbers were released already. Inflation came in cooler than expected. “The consumer price index, a key inflation barometer, jumped by 7.1% in November from a year earlier, the U.S. Bureau of Labor Statistics said Tuesday. Economists expected a 7.3% annual increase.”
The CPI reading for November was the smallest 12-month increase since December 2021, and down from 7.7% in October. "Across the board, we saw a moderation of inflation," said Mark Zandi, chief economist at Moody's Analytics. "That's what's most encouraging. It's not one or two special factors."
A big caveat is that these numbers may not reflect reality.
I kind of disagree about economists working for Wall Street banks and brokerages. I spent a career on Wall Street working with bank and brokerage economists as well as stock researchers with big paychecks. The reason for my original post is based on my experience working with them. They are the ones I had in mind. They can tell you what happened but, God forbid, you follow their chimp prognostications as to what will happen
I kind of disagree about economists working for Wall Street banks and brokerages. I spent a career on Wall Street working with bank and brokerage economists as well as stock researchers with big paychecks. The reason for my original post is based on my experience working with them. They are the ones I had in mind. They can tell you what happened but, God forbid, you follow their chimp prognostications as to what will happen
You should have thrown the current Secretary of The Treasury Janet Yellen in there below the chimp randomly throwing darts at a dartboard.
At least the chimp hits the board occasionally.
Transitory..../s
We have a similar saying in trading commodities.
Good salesmen sell. Bad salesmen teach how to sell.
I got my undergraduate degree in Finance 40 years ago. The one thing that has stuck with me the most from my Finance courses all those years ago is all of the studies that show if you buy a portfolio of stocks entirely at random you get a higher average rate of return than 50% of the professional money managers.
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