8.5% in March -- the highest in 40 years -- down an immaterial 0.2% is hardly eased.
You did not comment as of 9:45. You did so at 8:30 when the market was clearly down.
sit down, take a breath and ask yourself why you aren't being humble and honest and backtracking on your claim that this inflation report 'totally contradicts' the idea that inflation is easing, when the inflation # went down.
I mean that seriously. Sit down, stare at a wall for a second and ask yourself why you are posting on a website that 8.3 is not lower than 8.5. I want you to find an answer for yourself.
Sit down, stare at a wall for a second and ask yourself why you are posting on a website that 8.3 is not lower than 8.5.
I find myself in the VERY awkward position of agreeing with K5/C9. 8.3 versus 8.5 is a distinction without a difference. The 0.2 gap is noise, well within the bounds of uncertainty on either number.
I find myself in the VERY awkward position of agreeing with K5/C9. 8.3 versus 8.5 is a distinction without a difference. The 0.2 gap is noise, well within the bounds of uncertainty on either number.
unk's quote: "In fact you continue to claim there are signs it is easing, which is totally contradicted by the report that came out only a little more than an hour ago"
you really wish to agree that the idea that inflation is easing is 'totally contradicted' by the data today? really?
and in any case, the interest rate on the 10-year treasury is down today on this news. Which suggests that billions and billions of dollars are agreeing that today's inflation report does not 'totally contradict' the idea that inflation is easing. That seems significant, no?
8.5% in March -- the highest in 40 years -- down an immaterial 0.2% is hardly eased.
You did not comment as of 9:45. You did so at 8:30 when the market was clearly down.
sit down, take a breath and ask yourself why you aren't being humble and honest and backtracking on your claim that this inflation report 'totally contradicts' the idea that inflation is easing, when the inflation # went down.
I mean that seriously. Sit down, stare at a wall for a second and ask yourself why you are posting on a website that 8.3 is not lower than 8.5. I want you to find an answer for yourself.
Wow.
8.3% is easing.
From 8.5% in March -- the highest rate in 40 years.
How about if it went t0 8.4%? 8.49%. Still easing?
When it drops below 7% maybe then we can talk about easing.
sit down, take a breath and ask yourself why you aren't being humble and honest and backtracking on your claim that this inflation report 'totally contradicts' the idea that inflation is easing, when the inflation # went down.
I mean that seriously. Sit down, stare at a wall for a second and ask yourself why you are posting on a website that 8.3 is not lower than 8.5. I want you to find an answer for yourself.
Wow.
8.3% is easing.
From 8.5% in March -- the highest rate in 40 years.
How about if it went t0 8.4%? 8.49%. Still easing?
When it drops below 7% maybe then we can talk about easing.
Maybe
Troll.
"In fact you continue to claim there are signs it is easing, which is totally contradicted by the report that came out only a little more than an hour ago"
and in any case, the interest rate on the 10-year treasury is down today on this news. Which suggests that billions and billions of dollars are agreeing that today's inflation report does not 'totally contradict' the idea that inflation is easing. That seems significant, no?
Great.
8..3% inflation and you can get a little less than 3% on a ten year T-bill.
I find myself in the VERY awkward position of agreeing with K5/C9. 8.3 versus 8.5 is a distinction without a difference. The 0.2 gap is noise, well within the bounds of uncertainty on either number.
the point is not that the fall in inflation is material. It's not material.
The point is that carmine claimed today's data 'totally contradicted' the idea that inflation is easing. The data very obviously did not 'totally contradict' the idea that inflation is falling. The data in fact showed inflation easing.
That's the point. I'm not hanging on 10 bps here. I'm hanging on carmine's insistence that the data 'totally contradicted' the idea that inflation is falling. That is clearly wrong and the market agrees. So far.
the point is not that the fall in inflation is material. It's not material.
The point is that carmine claimed today's data 'totally contradicted' the idea that inflation is easing. The data very obviously did not 'totally contradict' the idea that inflation is falling. The data in fact showed inflation easing.
That's the point. I'm not hanging on 10 bps here. I'm hanging on carmine's insistence that the data 'totally contradicted' the idea that inflation is falling. That is clearly wrong and the market agrees. So far.
It's not easing.
It is effectively the same as it was a month earlier.
I'm not hanging on 10 bps here. I'm hanging on carmine's insistence that the data 'totally contradicted' the idea that inflation is falling. That is clearly wrong and the market agrees. So far.
We'll agree to disagree.
This is a philosophical point, perhaps, but when using numbers (or statistics) in a discussion it's important to use them in context, a subtlety lost on most people not used to using mathematical concepts as a fundamental support to their work (meaning 99.9% of the population).
You're welcome to disagree with me (as is everyone) and even consider me an idiot (as I once named myself), but when considering the uncertainty if the inflation statistics, there is no difference, as a practical matter, between 8.3 and 8.5, so the data do not actually support your interpretation. Even though 8.3 is, strictly speaking, less than 8.5.
I don't doubt that inflation has peaked and will soon decline, but the data don't yet make that case conclusively.
I write this so you can remember me fondly as the idiot I once was...
I am pretty sure crypto will act as a hedge regardless of which way inflation moves. And if Bitcoin is a little two volatile for you there are always Stable Coins. Oxymoron or just moron? :-)