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> So you agree the recession prediction is not evidence for Shiff's competence? Economists make wrong predictions all the time. Am saying Schiff is not exactly
by Operative0198 3y ago
> So you agree the recession prediction is not evidence for Shiff's competence?
Economists make wrong predictions all the time. Am saying Schiff is not exactly entirely wrong on some of the ones he's made in the past.
> ...have you looked at the trend, though? Inflation was climbing higher and higher until last June, and then it dropped by more than half. For the last 3-8 months the inflation rate has been about 4%.
Have you? The last time the inflation rate was even near 4% was in April 2021 [0].
[0] https://ycharts.com/indicators/us_inflation_rate https://ycharts.com/indicators/us_inflation_rate
- Dylan16807 3y agoWrong chart. That's a rolling average of 12 months. The peak was in June, so it's still dragging the yearly number up. The last 8 months were much lower than the previous several. https://tradingeconomics.com/united-states/inflation-rate-mom https://tradingeconomics.com/united-states/inflation-rate-mo... https://i.imgur.com/MBwyLjJ.png https://i.imgur.com/MBwyLjJ.png Though that chart also shows inflation dropping...
- Operative0198 3y agoI don't what you are on about. The chart figures I linked is sourced from the monthly CPI rate shared by BLS every month. You are obviously trolling at this point.
- dalyons 3y agoIt’s not trolling just because you aren’t understanding what’s being said. Recent MoM figures show inflation is way down, the annualized will follow down shortly.
- Dylan16807 3y agoThe main inflation number that everyone talks about compares each month to one year previous. When inflation changes rapidly, it gives you outdated information. When you look at the underlying data for each month compared to the previous month, you can see that the spike was higher than 9% and we are currently lower than 6%.