Andrei Jikh: Inflation will fall

Said on Jul 29, 2022, at 13:45 in the video.

What was said
Andrei Jikh

@andreijikh

“And it'll probably take anywhere between 12 to 18 months for everything to really start to cool off”
Watch at 13:45Official Announcement: Recession Is Here
PredictionInflationwill fallChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Not verifiable

Not verifiable: target off scale. The target, 12, was recorded as an index level or a number of points, and CPIAUCSL is a percentage change year on year, so the two are not on one scale.

30 days

Not verifiable

90 days

Not verifiable

180 days

Not verifiable

1 year

Not verifiable

The window it was checked over

InflationWindow checkedRecession (NBER)
−2%0%2%4%6%8%10%201920202021202220222023Said on Jul 29, 2022
−5%0%5%10%2019202020222023Said on Jul 29, 2022

Consumer price index (CPI): U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-MACRO-LEVEL v4Not verifiable————
90 daysR-MACRO-LEVEL v4Not verifiable————
180 daysR-MACRO-LEVEL v4Not verifiable————
1 yearR-MACRO-LEVEL v4Not verifiable————
3 yearsR-MACRO-LEVEL v4Not verifiable————
5 yearsR-MACRO-LEVEL v4Not verifiable————
Why: 30 days

Not verifiable: target off scale. The target, 12, was recorded as an index level or a number of points, and CPIAUCSL is a percentage change year on year, so the two are not on one scale.

Why: 90 days

Not verifiable: target off scale. The target, 12, was recorded as an index level or a number of points, and CPIAUCSL is a percentage change year on year, so the two are not on one scale.

Why: 180 days

Not verifiable: target off scale. The target, 12, was recorded as an index level or a number of points, and CPIAUCSL is a percentage change year on year, so the two are not on one scale.

Why: 1 year

Not verifiable: target off scale. The target, 12, was recorded as an index level or a number of points, and CPIAUCSL is a percentage change year on year, so the two are not on one scale.

Why: 3 years

Not verifiable: target off scale. The target, 12, was recorded as an index level or a number of points, and CPIAUCSL is a percentage change year on year, so the two are not on one scale.

Why: 5 years

Not verifiable: target off scale. The target, 12, was recorded as an index level or a number of points, and CPIAUCSL is a percentage change year on year, so the two are not on one scale.

What was said around it

recession and how it's perceived. We don't want to scare people. We don't want to scare employers into stopping hiring people or letting people go because that would be very bad. So instead, the takeaway that I have for myself is that so far this year, there are plenty jobs still out there, and life is still becoming more expensive because inflation's still going up, and therefore interest rates are going up. So, it's a lot more expensive to borrow money. Therefore, consumer spending is going to have to come down, which it already started doing. And it'll probably take anywhere between 12 to 18 months for everything to really start to cool off because think about it. Everything we feel now in terms of inflation is because of the stimulus that happened 12 to 18 months ago. That was a while back. So, just like we're experiencing the crunch of interest rates going up, that won't be felt until a while from now. The middle of next year to the end of next year, I'd say, is when we really start to feel the effects of all the slowdown. But regardless of what happens, I'm still going to continue to dollar cost average into the market and definitely lower my spending. As always, have a wonderful

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