Conversation

Notices

1. feld (feld@bikeshed.party)'s status on Saturday, 13-Jan-2024 05:51:15 JST feld
   > “Right now, with inflation cooling very meaningfully, the real cost of money is very high rate now. So I think they’re going to have to move early,” the head of Pershing Square Capital Management said Friday morning during a CNBC “Squawk Box” interview. “We certainly could do more than three cuts.”
   • Disinformation Purveyor :verified_think: (thatguyoverthere@shitposter.club)'s status on Saturday, 13-Jan-2024 05:51:14 JST Disinformation Purveyor :verified_think:

     in reply to
     @feld the chocolate rations
   • feld (feld@bikeshed.party)'s status on Saturday, 13-Jan-2024 05:51:15 JST feld

     in reply to
     Is this guy fucking retarded? Inflation went up 0.3% in December? Why would they cut rates when inflation keeps going up?
   • feld (feld@bikeshed.party)'s status on Saturday, 13-Jan-2024 05:55:06 JST feld

     in reply to

     • SlicerDicer
     • Matthew W. Thomas
     @SlicerDicer @mwt so what you're saying is deflation is the colonic of our economic system.
     Disinformation Purveyor :verified_think: likes this.
   • SlicerDicer (slicerdicer@bikeshed.party)'s status on Saturday, 13-Jan-2024 05:55:07 JST SlicerDicer

     in reply to

     • Matthew W. Thomas
     @mwt @feld >> deflation is bad too. The goal was never to get the prices to go down. It was to make them increase less quickly.
     
     Why is it bad? It forces zombie debt to ooze to the surface every time. That is cleansing not bad.
   • feld (feld@bikeshed.party)'s status on Saturday, 13-Jan-2024 05:55:08 JST feld

     in reply to
     Inflation "nearly stopping" is not the same as the economy going back to pre-COVID status
   • Matthew W. Thomas (mwt@econtwitter.net)'s status on Saturday, 13-Jan-2024 05:55:08 JST Matthew W. Thomas

     in reply to

     @feld deflation is bad too. The goal was never to get the prices to go down. It was to make them increase less quickly.

   • Matthew W. Thomas (mwt@econtwitter.net)'s status on Saturday, 13-Jan-2024 05:56:28 JST Matthew W. Thomas

     in reply to

     • SlicerDicer

     @SlicerDicer @feld there are lots of problems, but the main one is that people delay their purchases and wait for prices to go down. This reduces the need for production and causes layoffs.

     I don't know what debt you're talking about. Lenders love deflation.

   • feld (feld@bikeshed.party)'s status on Saturday, 13-Jan-2024 05:56:32 JST feld

     in reply to

     • SlicerDicer
     • Matthew W. Thomas
     @mwt @SlicerDicer the layoffs are good. Increased unemployment is exactly what the Fed wants. This has also been in FOMC minutes.
     Disinformation Purveyor :verified_think: likes this.