Broad consensus of economists believed inflation was transitory.

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Jun 13, 2022
7:17:19am

Genghis Spreads All-American

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Genghis Spreads

Previous username: BeefNoodleSoup
Bio page: Genghis Spreads
Joined: Feb 23, 2004
Last login: Jun 20, 2024
Total posts: 34,598 (310 FO)

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Messages

Author

Time

Inflation is transitory Biden said. Why would anyone trust Biden with economics

delinquentcoug

6/13/22 7:04am

His own words this past November: “There’s nobody suggesting there’s unchecked inflation on the way…”

Pimpin4Paradise

6/13/22 7:15am

Broad consensus of economists believed inflation was transitory.

Genghis Spreads

6/13/22 7:17am

I don’t remember this being true, but Google doesn’t allow me to search within a time period anymore. If people weren’t

Mike Honcho

6/13/22 7:20am

Larry Summers didn't believe it was transitory and he's left-leaning.

Genghis Spreads

6/13/22 7:33am

Add Janet Yellen

Plato

6/13/22 7:44am

Janet Yellen thought it was transitory.

Genghis Spreads

6/13/22 7:45am

Maybe publicly, but she was warning him about the size of the

Plato

6/13/22 8:57am

Plausible

Genghis Spreads

6/13/22 11:54am

citation?

No touching

6/13/22 7:21am

RE: citation?

Genghis Spreads

6/13/22 7:35am

That's all you came up with?

No touching

6/13/22 9:15am

That has all the information.

Genghis Spreads

6/13/22 11:53am

That has little info. It has Sommers, who was employed previously by Biden, saying the consensus was inflation would

No touching

6/13/22 12:03pm

Summers didn't work for Biden

Genghis Spreads

6/13/22 12:09pm

He did indeed:

No touching

6/13/22 12:54pm

That's an unpaid adviser.

Genghis Spreads

6/13/22 3:22pm

Even people who call themselves experts can be wrong about somethings:

delinquentcoug

6/13/22 12:07pm

Broad consensus of hand picked economists

CougieMcCougFace

6/13/22 7:21am

While just about every layman on CB saw this coming.

kccougar

6/13/22 7:22am

Really? I asked around here why the Fed didn't raise rates yet and nobody said

Genghis Spreads

6/13/22 7:36am

Link to post?

AggieWeekendCougar

6/13/22 7:48am

RE: Link to post?

Genghis Spreads

6/13/22 8:01am

I saw 3 people who said they should, one who said they shouldn’t, and multiple

AggieWeekendCougar

6/13/22 8:07am

Who said they should?

Genghis Spreads

6/13/22 8:13am

RE: Really? I asked around here why the Fed didn't raise rates yet and nobody said

Unibro

6/13/22 8:23am

Good job.

Genghis Spreads

6/13/22 12:08pm

They all should probably lose their jobs.

Still Open

6/13/22 7:22am

Must be nice to have a job all based on theory with no real accountability.

crack

6/13/22 7:28am

RE: Broad consensus of economists believed inflation was transitory.

Dryfire

6/13/22 7:33am

Broad consensus of economists are idiots then.

Romex

6/13/22 7:36am

Not true

Backcountry

6/13/22 7:39am

I'm not an economist and I knew it wasnt transitory. Get better experts.

panacablue

6/13/22 7:40am

Lol, wrong. That’s what the administration kept telling you and you bought it.

Pimpin4Paradise

6/13/22 7:41am

I didn't hear it from the administration.

Genghis Spreads

6/13/22 7:48am

That’s literally the only place I heard it from. Biden and Psaki.

Pimpin4Paradise

6/13/22 7:51am

Most people I follow were predicting this as early as 2020.

Backcountry

6/13/22 8:18am

I'm not an economist, infact, I'm barely financially literate and I saw this

Powerbait DPM

6/13/22 9:20am

There was not a broad consensus among economists that inflation was transitory

Dryfire

6/13/22 11:26am

It wasn't unanimous. Consensus =\= unanimity

Genghis Spreads

6/13/22 12:03pm

The only people saying it would be transitory were Jerome Powell, Janet Yellen,

Dryfire

6/13/22 2:51pm

That is laughable

hitechcpa

6/13/22 1:32pm

Just saw on CNBC he also said Exxon has more money than God

crack

6/13/22 7:24am

What does he mean by “money,” because tech companies have like 15x as much cash on hand. Does Biden think Exxon should

Mike Honcho

6/13/22 7:31am

Tech companies? That's (D)ifferent. Nothing to see there.

mobius

6/13/22 7:34am

Govt makes so much money off of excise taxes

CougieMcCougFace

6/13/22 7:35am

Imagine working in oil & knowing half the country despises you while using your

txblue

6/13/22 7:46am

Just like farmers, truck drivers, construction workers and other deplorables

AZ Coug

6/13/22 11:15am

I mean, we get regular criticism of Realtors, lawyers, Health Care, the mods,

Wyomingite

6/13/22 11:36am

I don't mind someone being wrong, I care when they will not admit or correct

compcoug

6/13/22 7:54am

This isn't just a case of being wrong, they new what they were doing. They lied

Gente_Boa

6/13/22 10:46am

Have you read this board? Ton of woke clowns.

BDAWG

6/13/22 8:28am

Even Democrats are jumping ship on Biden. Can we survive 2.5 more years?

cougarnw

6/13/22 8:40am

Well, it kinda is. Once stupid politicians stop making stupid monetary...

bluecheese

6/13/22 10:51am

I am curious what monetary policy is cited as driving inflation?

Cosmokid

6/13/22 11:09am

The over-reaction to the pandemic is likely the major cause, as you mentioned.

bluecheese

6/13/22 2:22pm

Partially I agree, but I don't know why this is on our current president

Cosmokid

6/13/22 3:15pm

Back when they were reporting inflation as 5% and saying it was transitory I was

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