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123 sats \ 3 replies \ @Undisciplined 20 Aug \ on: US CPI has been above Fed's 2% target for 53 months in a row - Michael Brown econ
Cool charts.
I’m surprised everyone keeps overlooking this, but there are hundreds of thousands of out of work feds right now who aren’t in the unemployment numbers.
It doesn’t radically change the picture but it’s still significant.
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57 sats \ 2 replies \ @Scoresby OP 20 Aug
People complain about CPI being bad, but unemployment numbers seem to be even worse (in the sense that they are inaccurate). Don't you just love that we make decisions about monetary policy based on made up numbers and the feels?
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15 sats \ 0 replies \ @Daedalus 20 Aug
All by design.
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0 sats \ 0 replies \ @Undisciplined 20 Aug
I’ve never thought about which metric is worse. Both are misleading (don’t measure what people think they do), conceptually flawed, and measured poorly.
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