U.S. inflation reached a new four-decade high of 8.6% in May

Re:U.S. inflation reached a new four-decade high of 8.6% in May by anotherman554 on Friday June 10, 2022 @11:11AM (#31695284)

"The amazing things is many were predicting this back in 2008."

Inflation was at historic lows from 2008 to 2020.

I guess an economist can be wrong for over a decade and still be "pretty accurate so far" in your mind.

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Re:U.S. inflation reached a new four-decade high of 8.6% in May by refurb on Friday June 10, 2022 @11:25AM (#31695471)

Thanks for clearly ignoring 90% of my comment.

By “predicting this in 2008” they predicted a long period of low inflation before it started to accelerate quickly.

I’d say that’s pretty damn accurate.

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Re:U.S. inflation reached a new four-decade high of 8.6% in May by anotherman554 on Friday June 10, 2022 @12:02PM (#31695999)

Please show a quote where he predicts a "long period of low inflation".

The transcript feature on that site states

"Why are interest rates currently so low? Shouldn't they be higher, reflecting expected inflation? Because people all over the world are fearful. But they've moved up quite a bit in the last month"

So he's saying inflation hadn't hit yet in 2009 but when the fear goes away they would. He's also implying inflation is beginning in 2009 since they "moved up quite a bit"

That doesn't sound like a 10 year low inflation prediction. It also doesn't sound like what happened over the last decade.

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Re:U.S. inflation reached a new four-decade high of 8.6% in May by refurb on Friday June 10, 2022 @08:34PM (#31700841)

Thanks for your critique without actually listening to the podcast.

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