Mar 20, 2023·edited Mar 20, 2023Liked by Rudy Havenstein
He compares "missing" the inflation target with a company missing its sales target. Ridiculous.
Now that they have exceeded the 2% target, maybe the target should be 0% for a few years to bring it back down. Of course, it's an asymmetric policy and they would never do that.
Just like This Time Is Different by Reinhardt and Rogoff. Once debt/GDP gets > 100%, governments either default or inflate the debt away. It’s happening right in front of our very eyes. 💩
He compares "missing" the inflation target with a company missing its sales target. Ridiculous.
Now that they have exceeded the 2% target, maybe the target should be 0% for a few years to bring it back down. Of course, it's an asymmetric policy and they would never do that.
“We’d like to see someone else try it first; but we’re going to do it anyways.” FFS.
Do you think this guy even knows he’s someone else’s useless idiot?
"You lose credibility..." That ship sailed a long time ago.
Just like This Time Is Different by Reinhardt and Rogoff. Once debt/GDP gets > 100%, governments either default or inflate the debt away. It’s happening right in front of our very eyes. 💩
As if anyone believes the inflation numbers. Groceries and gas always seeming to rising faster for some reason.
IT advances and progresses far more quickly than I do....
Agreed Rudy - https://www.bloomberg.com/news/videos/2022-05-05/mbmg-group-s-gambles-on-global-markets-strategy-video?sref=3ULs2uPI
Rudy, Rudy, Rudy... you're a pickle!