Luckily we have inflation at only 3.7%

Bloomberg Finance column today:

The years from 2008 to 2020 were abnormal, even if at some point they came to feel normal, Slok says. The crew over at Bank of America dug up another historical nugget to underscore the point: Global interest rates during this period were the lowest in 5,000 years. “The new world that we live in,” Slok says, “is really the normal world that we were in.”[/i]

Mr. Hands Up, Don’t Shoot is always WRONG. Just accept it.
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[/b]
 
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Bloomberg Finance column today:

The years from 2008 to 2020 were abnormal, even if at some point they came to feel normal, Slok says. The crew over at Bank of America dug up another historical nugget to underscore the point: Global interest rates during this period were the lowest in 5,000 years. “The new world that we live in,” Slok says, “is really the normal world that we were in.”[/i]

HHusky is always right. Just accept it.
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Lowest in 5,000 years is right there with hottest August ever

Imagine being that stupid

H?
 
Theoretically, if your money supply is growing at the same rate as your GDP (economic growth) your inflation rate should be zero. We have sub 2% average inflation from 1952 through 1965 (post World War II stability until the Vietnam War ratcheted up and we paid for it by printing dollars. Nixon then took us of the gold standard in 1971 and then inflation roared. If the dazzler had any economic classes as a undergraduate and then through his mythical MBA program he would know this. So, we have "abnormal" years until we paid for an unneeded covid shutdown and then the election of the dementia patient who thought that printing dollars was a great economic idea and that Milton Friedman wasn't in charge anymore. The number of posts in which the dazzler admits that the dementia patient and his team have no real world economic understanding and that his president was wrong is the same has his St. Fow Chee admitting he lied and phucked us over.

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The uptik that started in 73 and lasted into the 80's was both the oil shock and the credit card spending on Vietnam and the Great Society. Double whammy

Biden self induced the current oil shock adding to the credit card spending on Covid and now on everything

Been a tough 5,000 years
 
The uptik that started in 73 and lasted into the 80's was both the oil shock and the credit card spending on Vietnam and the Great Society. Double whammy

Biden self induced the current oil shock adding to the credit card spending on Covid and now on everything

Been a tough 5,000 years
Click to expand...

Amazing that for that period of time when you debase your currency, it's get debased in value. Amazing what you learn on the Tug but not in any economic studies at the dazzler's mythical MBA program, or Janet Yellen at Brown, Yale or her professorship at Harvard or Jerome Powell at Princeton and Georgetown.
 
Ahh. The Salad Days when the US Economy and inflation were top of Mind.

Of course in 3 months, the time of this post will be the Salad Days and rinse and repeat. The poor Dog in the Fire gif comes to mind.
 
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