Comments by "" (@Green__one) on "" video.

I love these justification for core inflation. About how they're trying to remove volatile things. No the whole reason for core inflation is to mask real inflation. What they remove are the things that inflate the most. And the things that the majority of a normal household budget goes towards. Core inflation is 100% meaningless as it does not paint a picture whatsoever of what an average household is dealing with.
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Video title is that inflation rises, commentary is about how it's falling. Can someone decide which narrative they want? Also 2.9% is still 50% higher than target, and therefore in any sane economy would indicate that it is time to raise rates, not lower them. Rates are still at historic lows, and we are repeating the mistakes of the 70s all over again, where they didn't raise rates enough, so didn't get inflation under control, so when they started to cut, inflation skyrocketed to double digits requiring double digit interest rates to match. If we don't want double-digit inflation and double-digit interest rates, we should have significantly higher interest rates in the short term to prevent much longer term pain. Of course it would also help if we could have someone sane in government to stop the money printing causing the inflation!
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@Roof_Pizza is that supposed to be a dig at me? Core inflation takes out energy and food. If you don't think that that is where most of your money goes, I feel like you're the one not doing your own budgets!
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@blankyfang2348 And wrong again. The bank of canada does look at both, but they cherry pick which ever one fits their narrative. We see them flip flopping on it all the time. And yes. Core inflation is 100% meaningless in the real world. And no, food and energy prices are not immune to interest rates.
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@bdegrds no, the last 20 years have been an abomination. And that's why we're in this mess now. Interest rates that were too low for too long encouraged reckless spending and made us the most indebted nation in history.
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@gcc8584 exactly, it's the neutral rate, you can't fight inflation by keeping your interest rates down at the neutral rate.
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@alexramos9316 have you considered why everything costs more? Hint. It's because the interest rates have been too low for too long!
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@pinkcichlid Except "core" inflation is a fiction whose only purpose is to hide the real inflation numbers by excluding what inflates the most (food and energy) and which is a HUGE portion of everyone's actual monthly expenses. Anything index that excludes that much of what people actually have to spend, and especially excludes anything that has high inflation is an obvious scam.
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