How Economists Got It Wrong on Inflation: 3-Minute MLIV

The video discusses recent inflation prints and their impact on economic conversations. It critiques economists for consistently underestimating inflation in major economies. The discussion then shifts to strategies for inflation protection, considering assets like gold and Bitcoin. Finally, it highlights short-term positive developments in China's property market, particularly regarding Evergrande.

What was the highest forecasted month-on-month inflation rate by economists surveyed by Bloomberg?

• 0.7%

• 0.5%

• 0.9%

• 1.1%

How many times have economists underestimated the US CPI prints in the past year?

• 5 out of 8

• 6 out of 8

• 7 out of 8

• 8 out of 8

What is the speaker's view on the accountability of traders compared to economists?

• Traders are held accountable for consistent mistakes.

• Economists face more scrutiny than traders.

• Economists are more accurate than traders.

• Traders are often forgiven for mistakes.

Which asset is mentioned as a traditional hedge against inflation?

• Cryptocurrency

• Gold

• Bonds

• Real Estate

What recent development in China is mentioned as a positive sign for the property market?

• New property tax regulations

• Evergrande making some payments

• Government bailout of property firms

• Increase in property prices