Your guess is as good as mine. The Austrians, Keynesians, Ricardians, Neomonetarists, whoever; traditional schools of economic thought cannot account for America's lack of deflation.
Their models are predicated on useful but oversimplified models governing the relationship between money supply and interest rates. A rogue financial economist (think Rubini before he toned it down) will probably tell you that the lack of inflation makes perfectly good sense; the money supply growth never made it out of the financial system.
That said, inflation is a fickle whore and subject to judicious accounting methods, as are most BEA, Fed, et.al. statistics. Core inflation's "representative basket of goods" represents fuck all lately.
Modern monetary theory is not for the faint of heart
Ayden Bell
>projected 25+% unemployment >markets up 3% today, futures up another 3% what. the. fuck?
Landon Myers
*inflation, not deflation. Furthermore, regarding inflation: the fisher equation, monetary base * velocity = nominal gdp, is the basis for the assumption that increase in monetary base -> increase in price level.
Empirically, this has held true until recently. The advent of electronic banking and fed manipulation of interest rates has rendered it obsolete. It's not wrong in theory, but has no practical use in the modern economy, thanks to the financialization of the world economy and the irrelevance of the velocity of money.
Brayden Rivera
You again. You ever heard of Wolfgang Pauli? Some jag off came into his office one day boasting about his revolutionary physics paper. Like your work, Pauli's brainlet was less than bullshit; it lacked even the most rudimentary understanding of the subject matter. He told the faggot larper, "Not even wrong".
You are not even wrong. Until you learn the basics of finance and economics, shut the fuck up, because I quite literally cannot argue with you; it is nonsense.
Learn the rules of the game and the universe of discourse, come back next week, and we will shoot shit.
Leo Mitchell
I've read quite a few. What are some of your faves?
Noah Reed
There is such a thing as plunge protection teams. That you don't know about them explains why you only lasted two years.
Luke Foster
> EMH good fucking god. EMH is a mathematical truth. a tautology. that is well and good. mathematically true. Unfortunately, that means exactly fuck all when it comes to making money. This theory has been discredited for nearly HALF A FUCKING CENTURY. 50 YEARS. FUCK.
1 + 1 = 2. That's mathematical truth, too. How useful is it as a model for pricing equities? As useful as EMH.
Wait till you learn about the time value of money next semester, m'genius. It'll knock your fucking cum-stained socks off.
Jaxson Rivera
I am familiar with rudimentary risk management. I said that 'anyone claiming to make money in the markets via technical analysis is full of shit'. I did not say 'they are of zero value'.
Furthermore, your flopdick notion of 'plunge teams' are far, far removed from the layman's concept of technical analysis. There is math involved. Lots of math. PhD math. Not schizophrenic protractor elliot wave theory shit.
For the record, I quit because I was average, at best, and hated it. I am a neet who larps as a normie for 9 hours a day so I can afford a qt3.14 mail order bride and our 14 children and still buy vidya. Needless to say, I am not cut out for investment banking.
Juan Moore
So you were an investment banker. Seriously asking . Are you jewish? Also what do you think about day traders I always see these fucking ads
MAKE $2000 IN ONE DAY!! and think well if it was possible why would they advertise it.
Nicholas Ross
You tell me brother. Poke around EDGAR and see if you can dig up any Form 4s (disclosure of material change in equity ownership amongst company insiders; aka a big swinging dick is shitting where he eats).
There has been a lot of weird ones lately. Useful for pinning down abnormal movement in individual companie's share price
