Cents and Sensibility: the Inflation Guy Podcast Ep. 128: Will Wildfires Change the Inflation Trajectory?
Jan 9, 2025
Explore the intriguing link between California's wildfires and inflation trends. The discussion highlights the importance of skilled analysts in properly interpreting economic data. Discover how large-scale disasters like wildfires could influence monetary policy, housing markets, and even GDP forecasts. The conversation delves into the complexities surrounding inflation, reminding listeners that natural calamities have far-reaching economic consequences.
AI Snips
Chapters
Transcript
Episode notes
Analytics vs. Analysts
- Analytics are just numbers, not instructions.
- Analysts must interpret data and apply judgment, considering context and other factors.
Inflation's Return
- Inflation might not be gone.
- The Fed's rate cuts, seemingly politically motivated, may have worsened inflation.
Housing Inflation
- Housing isn't deflationary as predicted.
- Imputed rent calculations have systematic problems, and real-world factors affect rent prices.