Janet Yellen Is Struggling at the Treasury Job She Never Wanted

Re:Janet Yellen Is Struggling at the Treasury Job She Never ... by llampx on Wednesday June 15, 2022 @10:27AM (#31753388)

All false. Every trading/investing website worth its salt could see inflation coming. They've been exhorting people to invest in oil and natural gas since 2020. Those two are the biggest drivers in inflation. The commodity index as well was in a bullish pattern, which is sadly very inflationary.

We can go around about what caused what but the fact is that inflation has been coming since rates dropped to 0 and there was nowhere for them to go but up.

[ Parent | on HN ]

Re:Janet Yellen Is Struggling at the Treasury Job She Never ... by athammer on Wednesday June 15, 2022 @10:48AM (#31753733)

That’s because that’s what sells. That’s what people want to hear. It’s dramatic.

After being in the trading community for year and years pretty much any trader will tell you it’s filled with pseudo economics and strategies that are not designed to make you smarter or earn you money but rather earn the person “selling the shovel” money. Gold bugs, perma bears, Austrian economics, and armchair experts are notably present in trading circles.

Don’t trust traders or investors on economics. Trust actual economists. I’m not an economist but I’d point to Japan as a counter example. They literally invented QE yet they could barely move the needle on inflation until the recent supply/demand shocks.

[ Parent | on HN ]

Re:Janet Yellen Is Struggling at the Treasury Job She Never ... by llampx on Wednesday June 15, 2022 @11:48AM (#31754802)

Note that I mentioned NG and Oil and commodities as drivers of inflation, not QE.

[ Parent | on HN ]