Isn't this a brute force way to fight inflation? I certainly don't believe that inflation is around 3%. My feel for it is around 9-10%. I assume the Fed is also aware of it and hence they are trying to reduce supply of money to curb the rate of inflation.
Right.. yet it’s 2024 as far as I’m aware and inflation is tracked on a rolling 12 month basis.
If it was only 10% during those 3 years, it’s approximately 3.2% per year which is close enough (of course the official inflation was actually much higher than your’e implying..)
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[ 4.8 ms ] story [ 28.6 ms ] threadWhy do you think that’s the case?
Right.. yet it’s 2024 as far as I’m aware and inflation is tracked on a rolling 12 month basis.
If it was only 10% during those 3 years, it’s approximately 3.2% per year which is close enough (of course the official inflation was actually much higher than your’e implying..)
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So they open this with a disclaimer that they wouldn't recommend trusting anything they say, because they may be misleading?