Yeah, it is that bad. link
The lesson here is that only during high volatility periods such as now, can we start distinguishing between the genuinely skilled and the lucky or charlatans.
Recalling the past decade, whenever central banks lower interest rates, inflation slowdown has always ensued. Of course this happens because less new money becomes created in the form of interest off debt. Then if inflation slows, it is only logical that commodity prices, including energy, lower.
Some people focus so much on the hardcore, esoteric econometrics that they miss the obvious, simple signs in plain view.
6 months ago
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