Maybe, instead of predicting what they think will happen, they should buy a loaf of bread, a gallon of gas, or a used car and see exactly what is happening.
DannyDuberstein said:
Where's 2020 kid with his shinebox to tell us how temporary this is?
Makes one wonder if these the same economists that routinely get employment numbers off by massive margins.Old McDonald said:
per usual, this Twitter account posts misleading headlines that misinterpret original reporting
those figures are consumer expectations, the Fed isn't predicting them. it took a survey of households to determine consumer expectations and the numbers in OP are the result of the survey. when economists were polled they predicted lower numbers.
https://www.bloomberg.com/news/articles/2021-09-13/inflation-expectations-hit-4-among-u-s-consumers-fed-says
https://www.reuters.com/world/us/us-consumers-inflation-expectations-highest-8-years-ny-fed-says-2021-09-13/
Cassius said:DannyDuberstein said:
Where's 2020 kid with his shinebox to tell us how temporary this is?
He posted on page 2. You'll never guess what he said.
Cassius said:DannyDuberstein said:
Where's 2020 kid with his shinebox to tell us how temporary this is?
He posted on page 2. You'll never guess what he said.
Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
Quote:
per usual, this Twitter account posts misleading headlines that misinterpret original reporting
Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
lb3 said:
81M people voted for this.
Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
What a bump. Damn... so friggin confident. Dumb dumb dumb.Year of the Germaphobe said:Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
Tom Kazansky 2012 said:What a bump. Damn... so friggin confident. Dumb dumb dumb.Year of the Germaphobe said:Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
Good point, I didn't catch the 2020.Tom Kazansky 2012 said:
I dont think that dude is an older gentlemen. I think it is a new grad who was in the "Old Ags" organization.
They won't and didn't.Fedup said:
Wow. Hope Social security recipients get a commiserate bump or there won't be a senior alive that'll ever vote for the dems again.
rynning said:
According to the "72" rule, inflation at 5% will cut your money's value in half in 72/5=14 years.
https://www.marketwatch.com/story/how-fast-is-your-dollar-deflating-2015-05-12