NY Times: Should anyone trust economists who say inflation will ease in 2023?

Hotair ^ | 12/13/2022 | Ed Morrissey

[chuckee]

Point well taken. Actually, the numbers in the mutual fund industry are even more stark. 95% of equity mutual funds underperform relative to the S and P stock indices. Folks that invest in the blind S and P indices through an ETF stand a 95% better chance of outperforming a equity mutual fund over the long term unless, of course, the fund is managed by a bunch of
chimps with darts, who will also outperform the mutual fund analysts

[cranked]

Meanwhile, $249 BILLION dollars in the hole just last month (November deficit)...let it sink in, IN ONE MONTH - money we didn’t not have.

Perilous economic situation as nation does not even begin to remotely describe the situation this country is in and will endure.....

[Chad_the_Impaler]

portfolio of stocks entirely at random you get a higher average rate of return than 50% of the professional money managers.

... if the probability of picking a stock is weighted by market cap. If one picks from every stock in the market equally weighted by name only ("open the newspaper and put your finger down on a stock"), one actually does much worse.

[Seruzawa]

Inflation won’t stop until the pols stop printing money. Which they won’t.

[Texas resident]

Congress just authorized themselves to spend 1.7 Trillion in the omnibus bill. It will flood the market with lots of new money.