Nieshtze t1_iugxfk9 wrote on October 31, 2022 at 6:35 AM

Reply to comment by Evn-erl in Consensus has been systematically wrong about inflation decreasing by Infamous_Sympathy_91

I am well-regarded in the field of macroeconomics, and i predict that inflation will remain high for the next 4-5 years till the economy reflects the amount of money printed by central banks throughout the world, and then stabilize.

hjames9 t1_iuh7tv6 wrote on October 31, 2022 at 9:16 AM

I would agree with this if it wasn't for the fact that we didn't see any inflation until the covid lockdowns and reopening. It does feel like once supply chain issues work itself out, inflation should drop.

Evn-erl t1_iuhgzj5 wrote on October 31, 2022 at 11:20 AM

Idk man, we are already starting to see home prices stabilize and drop, along with that lumber and construction supplies…

“Until the economy reflects the amount of money printed by central banks throughout the world”

Yes…large dynamic systems made up of an almost infinite amount of individuals processes, assets, etc are clearly known for the capacity of thoughtful introspection

Edit: sorry I read your comment wrong. I thought you said reflects on, as if the economy was taking a good hard look at itself in the mirror, lol, my bad