Lindsay Politi

inflation, markets, economics, views are my own and not recommendations

[𝕊𝕠𝕔𝕚𝕒𝕝𝕚𝕤𝕥 𝕊𝕪𝕤𝕒𝕕𝕞𝕚𝕟 💾 @reset_by_peer]

It’s almost as if all the tech bros were Dunning-Kruger dumbos who convinced themselves that learning one specialized niche skill (coding) meant they were omni- geniuses in all other domains.

[Lindsay Politi @LindsayPoliti]

Over the course of my career I've seen several iterations of "CPI is just measuring inflation wrong." Each time I've come away thinking CPI isn't perfect but the criticisms overstate its flaws.

[Lindsay Politi @LindsayPoliti]

I've seen several posts noting that CPI would be 2.2% if shelter were removed. While that's technically true, I think it misunderstands the nature of US inflation and why inflation falls so much if shelter is removed.

[Lindsay Politi @LindsayPoliti]

Does it make sense that Service inflation has been so high? Very broadly, Services CPI tends to follow wages so it's not entirely unexpected that services inflation would be high following a period of rapid wage increases.

[Lindsay Politi @LindsayPoliti]

@corpcred @Macro_Hive @rev_cap @inflation_guy I don't think shelter is a key driver, some outlier keeping inflation artificially high. Atl Fed sticky infl is 4.5%, Cleveland Fed Median is 4.5%, Atl Fed wages are 4.7%, Supercore is 4.8%. I don't think focusing on shelter will get one to the right answer.

[Lindsay Politi @LindsayPoliti]

@fcastofthemonth Great post, Omair
Thank you

[Lindsay Politi @LindsayPoliti]

@NewsLambert @prisonculture Maybe fastest because that's a rate of change but not really biggest. The correction so far in price terms.