Liberal Forum

VICTORY LAP!
Beware Economists Who Won’t Admit They Were Wrong
https://www.nytimes.com/2023/12/18/opin ... mists.html


From an economic point of view, 2023 will go down in the record books as one of the best years ever — a year in which inflation came down amazingly fast at no visible cost, defying the predictions of many economists that disinflation would require years of high unemployment....


How amazing has the economy been? As recently as March, the Federal Reserve committee that sets monetary policy projected that we’d end this year with 4.5 percent unemployment and with the Fed’s preferred “core” measure of inflation running at 3.6 percent. Last week, the same group projected year-end unemployment of only 3.8 percent and core inflation at only 3.2 percent. But actually the news is even better, because that last number is inflation for the year as a whole; over the six months ending in October, core inflation was running at 2.5 percent, and most analysts I follow believe that when November data come in later this week, it will show inflation down to around 2 percent, which is the Fed’s long-run target.



"Nooooooooo......7....6....3.5!"


In a rational universe this would occasion a Silence of The Influencers...where they fall, by the herd, never to be heard again.

But that grossly misunderestimates the vast Reservoir of Credulity and Innumeracy that is The Angry White Man and The Hole who serves him.


 

R.Suave » 19 Dec 2023, 8:43 am » wrote: ↑

19 Dec 2023, 8:43 am

VICTORY LAP!
Beware Economists Who Won’t Admit They Were Wrong
https://www.nytimes.com/2023/12/18/opin ... mists.html

From an economic point of view, 2023 will go down in the record books as one of the best years ever — a year in which inflation came down amazingly fast at no visible cost, defying the predictions of many economists that disinflation would require years of high unemployment....

How amazing has the economy been? As recently as March, the Federal Reserve committee that sets monetary policy projected that we’d end this year with 4.5 percent unemployment and with the Fed’s preferred “core” measure of inflation running at 3.6 percent. Last week, the same group projected year-end unemployment of only 3.8 percent and core inflation at only 3.2 percent. But actually the news is even better, because that last number is inflation for the year as a whole; over the six months ending in October, core inflation was running at 2.5 percent, and most analysts I follow believe that when November data come in later this week, it will show inflation down to around 2 percent, which is the Fed’s long-run target.

"Nooooooooo......7....6....3.5!"

In a rational universe this would occasion a Silence of The Influencers...where they fall, by the herd, never to be heard again.

But that grossly misunderestimates the vast Reservoir of Credulity and Innumeracy that is The Angry White Man and The Hole who serves him.

"It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?... If the question is when markets will recover, a first-pass answer is never" 

Paull Krugman. Nov 9, 2016

**chuckle**
 
 
 

Cedar » 19 Dec 2023, 8:53 am » wrote: ↑

19 Dec 2023, 8:53 am

"It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?... If the question is when markets will recover, a first-pass answer is never" 

Paull Krugman. Nov 9, 2016

**chuckle**

GDP Growth Under Trump Was the Worst Since Hoover

 https://www.bloomberg.com/opinion/artic ... depression


not quite as funny.


 

R.Suave » 19 Dec 2023, 8:59 am » wrote: ↑

19 Dec 2023, 8:59 am

GDP Growth Under Trump Was the Worst Since Hoover

 https://www.bloomberg.com/opinion/artic ... depression

not quite as funny.

I stopped reading at "opinion."
 

Cedar » 19 Dec 2023, 9:07 am » wrote: ↑

19 Dec 2023, 9:07 am

I stopped reading at "opinion."

"Confetti Head" Krugman is a Nobel Bowling Trophy winner.

He know, bro, he know. Simple **** the world over know he know.

R.Suave » 19 Dec 2023, 8:43 am » wrote: ↑

19 Dec 2023, 8:43 am

VICTORY LAP!
Beware Economists Who Won’t Admit They Were Wrong
https://www.nytimes.com/2023/12/18/opin ... mists.html

From an economic point of view, 2023 will go down in the record books as one of the best years ever — a year in which inflation came down amazingly fast at no visible cost, defying the predictions of many economists that disinflation would require years of high unemployment....

How amazing has the economy been? As recently as March, the Federal Reserve committee that sets monetary policy projected that we’d end this year with 4.5 percent unemployment and with the Fed’s preferred “core” measure of inflation running at 3.6 percent. Last week, the same group projected year-end unemployment of only 3.8 percent and core inflation at only 3.2 percent. But actually the news is even better, because that last number is inflation for the year as a whole; over the six months ending in October, core inflation was running at 2.5 percent, and most analysts I follow believe that when November data come in later this week, it will show inflation down to around 2 percent, which is the Fed’s long-run target.

"Nooooooooo......7....6....3.5!"

In a rational universe this would occasion a Silence of The Influencers...where they fall, by the herd, never to be heard again.

But that grossly misunderestimates the vast Reservoir of Credulity and Innumeracy that is The Angry White Man and The Hole who serves him.

Yeah, take a lap, moron!
You know that CORE inflation is used to LOWER the actual and true inflation rate, don't you?
Of course the core inflation is much lower because it DOESN'T count the increases in the cost of gas, food, tobacco, and alcohol, all that have seen HUGE price increases under "Bidenomics".

So tell us, nitwit.  How long would you last without food to eat and gas for your car?
 

Zeets2 » 19 Dec 2023, 9:14 am » wrote: ↑

19 Dec 2023, 9:14 am

Yeah, take a lap, moron!
You know that CORE inflation is used to LOWER the actual and true inflation rate, don't you?
Of course the core inflation is much lower because it DOESN'T count the increases in the cost of gas, food, tobacco, and alcohol, all that have seen HUGE price increases under "Bidenomics".

So tell us, nitwit.  How long would you last without food to eat and gas for your car?

But...but Krugman said.  

Cedar » 19 Dec 2023, 9:19 am » wrote: ↑

19 Dec 2023, 9:19 am

But...but Krugman said.

Krugman is nothing more than a Democrat puppet and a shill who cheers for everything the left-wing loves; more spending, higher taxes, and strangling regulations, as he's always done.  And no matter how many times he's proven to be dead wrong about the economy, the NY Times and the liberal media ALWAYS give him great and undeserved prestige as their favorite economic pimp.

Paul Krugman: Always Wrong, Never in Doubt
David HarsanyiNovember 15, 2019
https://news.yahoo.com/paul-krugman-alw ... 30058.html

 

The top five things Paul Krugman has gotten wrong
Out of millionsThe Spectator August 2, 2022 by Cockburn
https://thespectator.com/topic/the-top- ... ten-wrong/

 

Paul Krugman the lord of wrong predictions
Business & Politics January 22, 2018 | John R. Smith 
https://www.bizpacreview.com/2018/01/22 ... ns-592049/

 

Paul Krugman's 10-Year History of Being Wrong About Bitcoin
Why is it so hard for him to just admit he was wrong?
Reason by KYLE TORPEY | 6.10.2021
https://reason.com/2021/06/10/paul-krug ... t-bitcoin/

 

NY Times’ Krugman ‘a Stopped Clock’ Who’s Never Been Right on Trump
Money and Markets by JT Crowe | Nov 18, 2019
https://moneyandmarkets.com/paul-krugma ... al-review/

 
 

R.Suave » 19 Dec 2023, 8:43 am » wrote: ↑

19 Dec 2023, 8:43 am

In a rational universe this would occasion a Silence of The Influencers...where they fall, by the herd, never to be heard again.

But that grossly misunderestimates the vast Reservoir of Credulity and Innumeracy that is The Angry White Man and The Hole who serves him.

This is your idea of thoughts of your own? This is just you humping the leg of the author. 


As always, no thoughts. Etc...

Hence, 
Challenge. 
1. Same lie.

Vegas » 19 Dec 2023, 10:39 am » wrote: ↑

19 Dec 2023, 10:39 am

This is your idea of thoughts of your own? This is just you humping the leg of the author. 

As always, no thoughts. Etc...

Hence, 
Challenge. 
1. Same lie.

No...it's my idea of gloating..

I've been telling you this for years...
all while you were convinced you were gonna be paying 7 bucks for gas.

Ask me why I ALWAYS get it right, while you're always lying, limbless, in a pool of your own waste.

Cedar » 19 Dec 2023, 9:07 am » wrote: ↑

19 Dec 2023, 9:07 am

I stopped reading at "opinion."

You shouldn't have.

You'd be much less stupid now.

But, alas...


 

Zeets2 » 19 Dec 2023, 10:35 am » wrote: ↑

19 Dec 2023, 10:35 am

Krugman is nothing more than a Democrat puppet and a shill who cheers for everything the left-wing loves; more spending, higher taxes, and strangling regulations, as he's always done.  And no matter how many times he's proven to be dead wrong about the economy, the NY Times and the liberal media ALWAYS give him great and undeserved prestige as their favorite economic pimp.

who, among his critics you listed is a PhD in Economics?

Any of them Nobel Laureates?

Why do you believe **** you find on Google - that you don't read and wouldn't understand if you did - will impress me?
 

Zeets2 » 19 Dec 2023, 9:14 am » wrote: ↑

19 Dec 2023, 9:14 am

Yeah, take a lap, moron!
You know that CORE inflation is used to LOWER the actual and true inflation rate, don't you?
Of course the core inflation is much lower because it DOESN'T count the increases in the cost of gas, food, tobacco, and alcohol, all that have seen HUGE price increases under "Bidenomics".

So tell us, nitwit.  How long would you last without food to eat and gas for your car?

Zeet,

You know how this goes...

I answer one or more of your 74 questions, challenge you to answer one of mine, and you're gone.

Why don't we take the shortcut and spare you the beating?
 

R.Suave » 19 Dec 2023, 10:59 am » wrote: ↑

19 Dec 2023, 10:59 am

No...it's my idea of gloating..

So gloating is your idea of intelligent thoughts.         

Challenge
1. Same lie.
 

Vegas » 19 Dec 2023, 11:59 am » wrote: ↑

19 Dec 2023, 11:59 am

So gloating is your idea of intelligent thoughts.         

Challenge
1. Same lie.

I guess taking a "victory lap" on an OpEd is "gloating", to the simple minded.

 
 

Vegas » 19 Dec 2023, 11:59 am » wrote: ↑

19 Dec 2023, 11:59 am

So gloating is your idea of intelligent thoughts.         

Challenge
1. Same lie.

No...I'm gloating over the consistent Level 9+ mastery evidenced by my body of work.

Join me....you'll find it as liberating as it is edifying...

RedheadedStranger » 19 Dec 2023, 12:01 pm » wrote: ↑

19 Dec 2023, 12:01 pm

I guess taking a "victory lap" on an OpEd is "gloating", to the simple minded.

One of us...no, make that two of us have been right for quite a while now.

All those people you are too ashamed to name continue to get EVERYTHING wrong.

Again.

R.Suave » 19 Dec 2023, 12:03 pm » wrote: ↑

19 Dec 2023, 12:03 pm

No...I'm gloating over the consistent Level 9+ mastery evidenced by my body of work.

Join me....you'll find it as liberating as it is edifying...

It's not your body of work. It's the articles. How many **** times do you need to be told that? 

Don't take credit for other people's work you disgusting coward. 

Challenge. 
1. Same lie.

RedheadedStranger » 19 Dec 2023, 12:01 pm » wrote: ↑

19 Dec 2023, 12:01 pm

I guess taking a "victory lap" on an OpEd is "gloating", to the simple minded.

I never get tired of kicking his ***. His meltdowns are too much fun.   

Vegas » 19 Dec 2023, 12:08 pm » wrote: ↑

19 Dec 2023, 12:08 pm

It's not your body of work. It's the articles. How many **** times do you need to be told that? 

Don't take credit for other people's work you disgusting coward. 

Challenge. 
1. Same lie.

I've been here before....it is why you are so bitter, remember?