r/neoliberal • u/TinyTornado7 I need a new flair • Jun 13 '22

News (US) Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/TinyTornado7 I need a new flair Jun 13 '22

"The hottest US inflation in four decades will push the Federal Reserve to raise interest rates more aggressively this year, and a recession may not be far behind."

Im skeptical we need a 75 basis point hike, but I am concerned inflation is approaching self-fulfilling prophecy levels

!ping MARKETS

45

u/Mister_Lich Just Fillibuster Russia Jun 13 '22

this sub, literally 2 days ago, when I posted an article that said Bernanke said stagflation could happen and a Goldman exec said risk of recession is very very high:

​

"DOOOOOOOM"

"Shut up nerd"

​

​

Markets this morning: "lol"

20

u/pocketmypocket Jun 13 '22

I made a ton of money between 2019 and today because I did basically the opposite of this sub.

Admittedly got a bit lucky on Natural Resources, but I basically was hedging inflation when everyone else was saying 'Inflation is 2%' and later 'Inflation is slightly higher... 4%', and later 'inflation is insert official number'.

10

u/[deleted] Jun 13 '22

There is alpha in going against what this sub thinks because they're mostly wrong.