"They couldn't hit an elephant at this distance!"
- General John Sedgewick, Union, US Civil War, moments before he was struck by a bullet in the eye.
The tradition of 'famous last words' is alive and well, especially at the Federal Reserve and Treasury. From Bernanke saying the subprime crisis would be contained, to Yellen and Powell describing inflation as 'transitory,' and far beyond - the track record of overly-confident predictions that ultimately turn out to be hilariously wrong is alive and well. In this episode, the Inflation Guy discusses the most-recent candidate, from last week...
NOTES
Blog Callback: “You Cannot Inflate the Debt Away”
Important article: “The Inflation Management Opportunities In The Insurance Industry Today”
Blog for last month’s CPI: Inflation Guy’s CPI Summary (March 2024)
Interesting Interactive CPI Chart the IG Didn't Even Mention But is Worth Looking At
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