Some people might take you seriously on that, so a bit of clarification:
@stompix you’re absolutely correct because for few minutes I was wondering if this is some new guy we’re talking about, or it’s the old one who’s opinion these days don’t really matter.
These hard times, it's hard to get focused on the infrastructures and school systems. Focusing on one aspect would be good enough right now, the health-care system.
I don't understand what these have to do with stagflation when you have output problems and inflation problems at the same time.If you make a career out of one point of view you eventually make yourself totally irrelevant as you can't give it up and acknowledge what's actually happening.
Even if you're eventually proven right, if you spent all that time repeatedly calling for something that won't arrive for another few years that doesn't make you look like a genius, it makes you look lazy. Almost everyone's proven right eventually if they pound the same points over and over.
Agree, making a prediction is a common thing, it's a 50:50 chance. Right or wrong doesn't mean anything except he got it 10/10.Even if you're eventually proven right, if you spent all that time repeatedly calling for something that won't arrive for another few years that doesn't make you look like a genius, it makes you look lazy. Almost everyone's proven right eventually if they pound the same points over and over.
I found economists often make conservative or should I say rather pessimistic predictions.
Stagflation is a serious thing if we look at history.