Best of FinTwit: 2022-08-03

Below are the top tweets from the brightest financial minds on Twitter, as determined by @finchartbot, for August 3, 2022.

  1. Translation: “If inflation was low before, I look backward for my estimate. But if inflation was high before, I look forward. Honestly, dude, I’m just looking for the number two … Anywhere really.. Back or forward. I just have to find a number that starts with two.” https://twitter.com/NickTimiraos/status/1554895417581547520 [View on Twitter]


    @donnelly_brent


  2. So this guy was saying in 2021 that inflation will be transitory but he is confident where inflation will be in 2024? https://twitter.com/NickTimiraos/status/1554895417581547520 [View on Twitter]


    @zerohedge


  3. Evans, Sept 2021: “I do not think the supply-side-induced transitory surge in inflation we are seeing today will be enough to do the trick,”

    he wanted MOAR inflation

    https://t.co/G4dqmg2TyM https://t.co/jWXwkejJPc [View on Twitter]


    @zerohedge


  4. Hey @sffed @MaryDalyEcon – did San Francisco Fed President Mary Daly actually say this?

    And if she did, when does she resign?

    @federalreserve @fscdems @SenateBanking @jeromehpowell https://twitter.com/DylanLeClair_/status/1554854199850156032 [View on Twitter]


    @RudyHavenstein


  5. This has GOT to be the most damning and insensitive thing I’ve ever heard a Fed official say. I’m saving this one, but not for posterity. How deeply insulting to those who are working so hard to make ends meet. How haughty and removed.

    Heck, NONE of my words are strong enough… https://twitter.com/DylanLeClair_/status/1554854199850156032 [View on Twitter]


    @DiMartinoBooth


  6. What’s the right way to estimate a nominal neutral rate in an environment of high inflation?

    I asked Chicago Fed President Charlie Evans how he calculates this, and what he makes of criticism that describing current rates at neutral is “analytically indefensible”

    His answer: https://t.co/GmNPHW7DPu [View on Twitter]


    @sunchartist