WSJ's Greg Ip: Everybody's conviction of 2% inflation has to be lower after what we've seen

I think deflation is the answer. We can't handle anymore increases..

Greg gets it. Times have changed and higher rates will continue for some time.

Neutral rate is meaningless if government is paying for everything through deficit. US deficit (ALONE) is more than 30% of the total S&P500 Revenue.

2% chance of 2%

houses in CA have increased 7% per year average for the last 50 years

I'm not sure, as we don't hear data about it, that the consumer is the dominant factor in the 2024 economy.

Yes neutral rate is higher. But doesn't mean it's above 5% yet. Probably more near 4%.

Look at the stimulus and spending during the pandemic. Brought inflation, and higher neutral rates. But wasn't sustainable. So we had a global slowdown. Need sustainable neutral rates.

This higher neutral rate was achievable with fiscal spending. But has to be sustainable. Or else it's just going to tumble down as fiscal spending wanes. It's why the Fed wants to uninvert the yield curve. To allow economy to walk on it's own two feet. Higher neutral rate has to be sustainable. Or else future generation won't have much ammunition to cut with.

2.44

Pay attention to Japanese investments, Japanese projects and the Japanese cryptocurrency (altcoin) authorized by government of Japan. Thats all I got to say.

Most likely, “noise” in the Fed’s inflation modeling means that the present rate of inflation is within quadratic mean of the error of the stochastic components of the model. That is, there are linear and stochastic components of the model. The stochastic components have an error function that is non-linear. The inflation rate, then, is still within this error function. In other words, inflation is declining. There is a trend towards reaching, eventually, the inflation target. It’s just going to happen, most likely, in a slow and zig zagging manner.

As a business owner, we raise prices for every dollar GDP goes up. Easy math 🧮 Let them run deficits or print money 😂

Nobody can believe fools 😅All my life I've been doing Best Bicep Exercises · Incline Dumbbell Curl · Standing Barbell Curl · Dumbbell Hammer Preacher Curl · View Exercise. All Bicep Exercises and they still think I'm soft 🤧

Do you think that the huge amount of debt the the government has to sell every day that they can cut the interest the buyers will take.

where's larry summer?

if economy were good, why does the Fed and everyone else constantly have this unquenchable itch to cut? like any time anything even remotely resembling softening of inflation expectation, you see chorus of call for cut (you don't see the same passion for caution back when the Fed was printing like there was no tomorrow), remember, price of almost everything remains at least 50% higher than it was 3 years ago, people ain't forgetting that and their income ain't catching up, the whole "i don't know why data is good but people still in a pissy mood" is simply people who screwed up playing dumb to cover up their screw-up AND to cast blame on the masses as they always do: look, we made the right thing, see, price only increased 4% last quarter after double previous 3 years you should feel thankful for our awesome leadership, how dare you feel bad about the economy? how dare you bristle at higher prices and how dare you refuse to 20% tip to a restaurant with no service whatsoever?

Fools like even my voice because they know i can make them feel my Wright hand 🎉 i just don't want to make them a target 😅

That host sure loves to talk but he isn't good at listening or thinking.

As a regular American tax payer, I can tell you category that prices of food prices are way higher than what has been reported. I see my grocery bill