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That is the track record the "Inflationistas" have amassed in predicting Inflation, Deflation, Disinflation - really ANY "Flation - so far in the 21st century.
0 for 14
My advice: Pour yourself a tall glass of STFU + go find another expertise to pretend to have...
That is the track record the "Inflationistas" have amassed in predicting Inflation, Deflation, Disinflation - really ANY "Flation - so far in the 21st century.
0 for 14
My advice: Pour yourself a tall glass of STFU + go find another expertise to pretend to have...
How can any economist have missed 3 decades of deflation?
Automation, global labor arbitrage, digitalization + outsourcing/offshoring all have worked to drive global prices lower.
Missing this and/or ignoring it explains that awful inflation-predicting track record
Automation, global labor arbitrage, digitalization + outsourcing/offshoring all have worked to drive global prices lower.
Missing this and/or ignoring it explains that awful inflation-predicting track record
Hence, why my preferred framework is:
"Deflation, punctuated with spasms of inflation"
"Deflation, punctuated with spasms of inflation"
