Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk
by nprateem on Wednesday February 10, 2021 @01:06PM
(#26092662)
People thought all the QE during the financial crisis would cause inflation. It has and it hasn't. It has because you just need to look at how asset prices (stocks, houses, etc.) have increased. It hasn't because conveniently many governments don't include asset prices in their calculations of inflation. So although food prices for example haven't shot up and officially rates of inflation have remained low, asset prices have shot up.
Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk
by rybosworld on Wednesday February 10, 2021 @01:21PM
(#26092869)
It's an open secret that inflation is purposefully miscalculated.
As another commenter notes, CPI leaves out many of the most major expenses, e.g. housing.
There are estimates as high as 8% annually when you account for everything.
Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk
by junippor on Friday February 12, 2021 @08:39AM
(#26113491)
Is there a specific estimate/study that you'd wanna suggest to me? I've heard these claims but I've never taken the time to read the research myself, and I'm feeling like it now :-)
Thanks in advance.
Re:Nouriel Roubini: Bitcoin is not a hedge against tail risk
by mpfundstein on Wednesday February 10, 2021 @01:01PM
(#26092587)
inflation in common goods. lets talk about the housing market. or even proper biological food. don't see any inflation there.
How do you justify this, given that inflation is so low? (at least in the EU it's been oscillating between 0 and 2% for a very long time)
https://tradingeconomics.com/euro-area/inflation-cpi
Is this what people are so tired of? 1% inflation? I'm just trying to understand whether you're parroting "libertarian" talking points, or whether you know something I don't.