"...Goals, how we set them, how we achieve them...". Bravo Sir-Mr Dave Western: worthy achiever themes starting off the the show. Nice1, keep up the good work 🏁
On inflation, I fully accept the benefit of setting a target rate whether arbitrary or not, but I found it surprising how dismissive the Fed president and the reporter were about the public's dissatisfaction at the elevated costs since the COVID-19 pandemic. Many basic goods/services prices saw increases of 20 to 50%, in some cases more, and continue to be subject to current levels of inflation. While I agree that wage-increase inflation is mostly overlooked by consumers, those gentlemen are surely aware of the wage-increase chart that followed and the overall disconnect between wages and goods/services inflation, and their lack of empathy about the persistence of those initial increases caused by supply constraints is honestly a little troubling.
They’re literally trained to ignore the disconnect. To use a single measure of overall inflation, based on overall spending, therefore mostly in line with the inflation rate experienced by wealthy big spenders, completely different from the inflation rate of basic needs, which is what the bottom third experiences.
@SigFigNewton Surely they're not trained to do this? The dissatisfaction must be a negative factor in consumer sentiment, which in turn affects other broader policy making? Or am I being naive?
If you can find for me a separate official number designed to represent the inflation experienced by low income earners, who buy almost exclusively necessities, which have increased more in price, I’d love to see it.
In fairness to WSW, they did touch on that matter. I too would like to see the use of such a number. I reckon a Commonwealth country like Canada or New Zealand would be the place to look. Or one of the Nordic states?
Poorer children are less likely to grow up to get a PhD than are children from wealthier families. In Britain at least, the discipline with the lowest proportion of PhD earners who come from poor families: economics
I suggest the inflation risk of tariffs is equal to the inflation risks of the continuing war in Eastern Europe and the tensions in the Pacific that as far as I can see, is not sufficiently priced into markets nor sufficiently considered by consumers and business as a whole. I don't necessarily agree with tariffs, but the outrage over their potential inflationary effect is disingenuous.
@@SigFigNewton I expect they are mostly inflationary to some degree. That said, I know a lot of early British tariffs, on continental cheeses and wines for example, were quite reasonable and used a set figure per unit imported, say for arguments sake 3 pennies on each barrel of sherry. It seemed an effective way to increase revenue, while placing a relatively small burden on the importer. Now, whether those early importers passed on those 3 pennies to their customers or absorbed them to remain competetive is unclear. In any case, a very different matter to tariffs referenced here...
E=-MCC. Money is energy but gold is mass. Bitcoin however is neither Mass nor energy. It is entropy, but entropy is always increasing. Becoming less scarce less rare, thus more worthless 😱😱😱😱
Oops, right movie wrong?Meeting trillion dollars more land six hundred million twenty five years one month, and you do the math.It's the third I retired on the fifteenth
Pandora's box times a few qubits AI. Sovereignty, oil gas Mining ps. All repatriation must be done in the next 23 months. Extra 2% fuel the fire expect 4% inflation platform 2 delivery plus meaning the printing press 2 for the tax man 2 for the banger. Back to ten percent pennymore usury
We need humans, but AI, quantum cryptography replaces them very shortly and about the same time frame. It's not 50 years away or even 50 months. Yes, and yeah, the IRS only does 33 present audits. What happens when it's always on it? Those ones and zero's never lie and they never go away. Once it'd a billion dollars in losses, then you buy back in
"...Goals, how we set them, how we achieve them...". Bravo Sir-Mr Dave Western: worthy achiever themes starting off the the show. Nice1, keep up the good work 🏁
Clearly this episode was filmed well in advance of the tariff announcements. Nex week maybe, eh?
bloomberg ruined this show.
2% was always meant to be unobtainable so that interest rates can go as high as needed or no?
Larry , what exactly is an onvelope?
Lol... Intel is NOT one of The magnificent 7 38:21
Was….
On inflation, I fully accept the benefit of setting a target rate whether arbitrary or not, but I found it surprising how dismissive the Fed president and the reporter were about the public's dissatisfaction at the elevated costs since the COVID-19 pandemic.
Many basic goods/services prices saw increases of 20 to 50%, in some cases more, and continue to be subject to current levels of inflation. While I agree that wage-increase inflation is mostly overlooked by consumers, those gentlemen are surely aware of the wage-increase chart that followed and the overall disconnect between wages and goods/services inflation, and their lack of empathy about the persistence of those initial increases caused by supply constraints is honestly a little troubling.
They’re literally trained to ignore the disconnect. To use a single measure of overall inflation, based on overall spending, therefore mostly in line with the inflation rate experienced by wealthy big spenders, completely different from the inflation rate of basic needs, which is what the bottom third experiences.
@SigFigNewton Surely they're not trained to do this? The dissatisfaction must be a negative factor in consumer sentiment, which in turn affects other broader policy making? Or am I being naive?
If you can find for me a separate official number designed to represent the inflation experienced by low income earners, who buy almost exclusively necessities, which have increased more in price, I’d love to see it.
In fairness to WSW, they did touch on that matter. I too would like to see the use of such a number. I reckon a Commonwealth country like Canada or New Zealand would be the place to look. Or one of the Nordic states?
Poorer children are less likely to grow up to get a PhD than are children from wealthier families. In Britain at least, the discipline with the lowest proportion of PhD earners who come from poor families: economics
The tariffs will push inflation up not down. Good luck getting it to 2% now lol.
I suggest the inflation risk of tariffs is equal to the inflation risks of the continuing war in Eastern Europe and the tensions in the Pacific that as far as I can see, is not sufficiently priced into markets nor sufficiently considered by consumers and business as a whole.
I don't necessarily agree with tariffs, but the outrage over their potential inflationary effect is disingenuous.
Have tariffs ever not increased inflation?
@@SigFigNewton I expect they are mostly inflationary to some degree. That said, I know a lot of early British tariffs, on continental cheeses and wines for example, were quite reasonable and used a set figure per unit imported, say for arguments sake 3 pennies on each barrel of sherry. It seemed an effective way to increase revenue, while placing a relatively small burden on the importer. Now, whether those early importers passed on those 3 pennies to their customers or absorbed them to remain competetive is unclear. In any case, a very different matter to tariffs referenced here...
E=-MCC. Money is energy but gold is mass. Bitcoin however is neither Mass nor energy. It is entropy, but entropy is always increasing. Becoming less scarce less rare, thus more worthless 😱😱😱😱
This Goolsby guy is scratchy….listen here, the Fed is being conservative….exactly what’s needed, especially now!
Oops, right movie wrong?Meeting trillion dollars more land six hundred million twenty five years one month, and you do the math.It's the third I retired on the fifteenth
Lmao intel
Pandora's box times a few qubits AI. Sovereignty, oil gas Mining ps. All repatriation must be done in the next 23 months. Extra 2% fuel the fire expect 4% inflation platform 2 delivery plus meaning the printing press 2 for the tax man 2 for the banger. Back to ten percent pennymore usury
Oops, right movie wrong?Meeting trillion dollars more land six hundred million
We need humans, but AI, quantum cryptography replaces them very shortly and about the same time frame. It's not 50 years away or even 50 months. Yes, and yeah, the IRS only does 33 present audits. What happens when it's always on it? Those ones and zero's never lie and they never go away. Once it'd a billion dollars in losses, then you buy back in
Enoch the money lending tax collector