Sunday, January 7, 2024

job well done by economists ...?

they misread the upcoming inflation in 2021; & when Feds raised the rates in 2022, economists miscalculated the odds of a recession in 2023; so much that they are not even talking anything in 2024, as they are running out of potential plots .. for the next movie ..!

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Warsh created a great first impression [on me] ..!

Kudos to him and a great start on the new job .. with the shortest statement possible.. and giving up on providing forward guidance .. direc...

  • you don't need to be a PhD in economics ...
    to solve an economic problem ... & there are 100s of PhD working at Federal Reserves forecasting an inflation in future due to tariffs ....
  • CPI came benign ...
    either folks are not buying imported stuff which also helps the trade deficit - two birds killed with same stone .. obviously energy being l...
  • Too late .. Fed chairman ...
    his argument is that the forecasters are modelling based on projected tariff as called by Trump ... & if you are using the numbers used ...