Chamath @ 00:22:33Right
economy
Over the 3–5 months following late June 2022 (approximately July–November 2022), U.S. CPI inflation prints will remain very high, in the roughly 7–9% year-over-year range.
you need to buckle your seatbelt, because the next three, four, five months of CPI will probably be very, very bad seven eight 9%.View on YouTube
Explanation
From June 2022’s peak of 9.1% year-over-year CPI inflation, the subsequent U.S. CPI prints for the next five months were:
- July 2022: 8.5%
- August 2022: 8.3%
- September 2022: 8.2%
- October 2022: 7.7%
- November 2022: 7.1%
These values, taken from BLS-based monthly inflation summaries, all fall within the 7–9% range during the roughly 3–5 months after late June 2022. (statistico.com)
Since Chamath predicted that the next 3–5 CPI prints would be “very, very bad” in the 7–9% range, and the July–November 2022 CPI year-over-year rates indeed stayed between about 7% and 9%, the prediction was right.