"David P." <imbibe@mindspring.com> wrote:
> Russian Invasion Expected to Keep Inflation High in Rich Countries
> By Paul Hannon, June 8, 2022, WSJ
>
> Russia’s lengthening war with Ukraine will lead to persistently higher
> inflation rates in rich countries this year and threaten food
> shortages in poorer countries, according to a new study from the OECD,
> which also revised down its expectations for global growth.
[…]
> https://www.wsj.com/articles/russian-invasion-expected-to-double-inflation-rates-11654678800

It looks like very precise choice of word.
It uses "keep" instead of "start".

--
A. Filip : Big (Tech) Brother is watching you.
| "I gained nothing at all from Supreme Enlightenment, and for that
| very reason it is called Supreme Enlightenment." (Gotama Buddha)

On Friday, June 17, 2022 at 10:49:26 PM UTC-4, A. Filip wrote:
> "David P." <imb...@mindspring.com> wrote:
> > Russian Invasion Expected to Keep Inflation High in Rich Countries
> > By Paul Hannon, June 8, 2022, WSJ
> >
> > Russia’s lengthening war with Ukraine will lead to persistently higher
> > inflation rates in rich countries this year and threaten food
> > shortages in poorer countries, according to a new study from the OECD,
> > which also revised down its expectations for global growth.
> […]
> > https://www.wsj.com/articles/russian-invasion-expected-to-double-inflation-rates-11654678800
>
> It looks like very precise choice of word.
> It uses "keep" instead of "start".
>
> --
> A. Filip : Big (Tech) Brother is watching you.
> | "I gained nothing at all from Supreme Enlightenment, and for that
> | very reason it is called Supreme Enlightenment." (Gotama Buddha)

Sound like the WSJ author was attributing some wisdom to Russia and its
lack of to NATO nations. But economic realists had predicted inflation and
foreign affairs realists had predicted Russian operation long before February
24th.

On Saturday, June 18, 2022 at 10:07:09 PM UTC+8, ltlee1 wrote:
> On Friday, June 17, 2022 at 10:49:26 PM UTC-4, A. Filip wrote:
> > "David P." <imb...@mindspring.com> wrote:
> > > Russian Invasion Expected to Keep Inflation High in Rich Countries
> > > By Paul Hannon, June 8, 2022, WSJ
> > >
> > > Russia’s lengthening war with Ukraine will lead to persistently higher
> > > inflation rates in rich countries this year and threaten food
> > > shortages in poorer countries, according to a new study from the OECD,
> > > which also revised down its expectations for global growth.
> > […]
> > > https://www.wsj.com/articles/russian-invasion-expected-to-double-inflation-rates-11654678800
> >
> > It looks like very precise choice of word.
> > It uses "keep" instead of "start".
> >
> > --
> > A. Filip : Big (Tech) Brother is watching you.
> > | "I gained nothing at all from Supreme Enlightenment, and for that
> > | very reason it is called Supreme Enlightenment." (Gotama Buddha)
> Sound like the WSJ author was attributing some wisdom to Russia and its
> lack of to NATO nations. But economic realists had predicted inflation and
> foreign affairs realists had predicted Russian operation long before February
> 24th.

Inflation in the world was actually growing around world already caused by Covid pandemic that led to disruptions of production of goods produced and shipping transportation, too. All these happened before the February's war on Ukraine by Russia.

borie <zifon990@gmail.com> wrote:
> On Saturday, June 18, 2022 at 10:07:09 PM UTC+8, ltlee1 wrote:
>> On Friday, June 17, 2022 at 10:49:26 PM UTC-4, A. Filip wrote:
>> > "David P." <imb...@mindspring.com> wrote:
>> > > Russian Invasion Expected to Keep Inflation High in Rich Countries
>> > > By Paul Hannon, June 8, 2022, WSJ
>> > >
>> > > Russia’s lengthening war with Ukraine will lead to persistently higher
>> > > inflation rates in rich countries this year and threaten food
>> > > shortages in poorer countries, according to a new study from the OECD,
>> > > which also revised down its expectations for global growth.
>> > […]
>> > > https://www.wsj.com/articles/russian-invasion-expected-to-double-inflation-rates-11654678800
>> >
>> > It looks like very precise choice of word.
>> > It uses "keep" instead of "start".
>> >
>> > | "I gained nothing at all from Supreme Enlightenment, and for that
>> > | very reason it is called Supreme Enlightenment." (Gotama Buddha)
>> Sound like the WSJ author was attributing some wisdom to Russia and its
>> lack of to NATO nations. But economic realists had predicted inflation and
>> foreign affairs realists had predicted Russian operation long before February
>> 24th.
>
> Inflation in the world was actually growing around world already
> caused by Covid pandemic that led to disruptions of production of
> goods produced and shipping transportation, too. All these happened
> before the February's war on Ukraine by Russia.

IMHO it had been overkill in protecting economics from covid
consequences. You may argue that it is post fact "wisdom" or
it had been "no too stupid" to _risk_ *high* inflation.
OR: Central banks' assessments of inflation risks failed (miserably) to
include Putin's deficit in risk aversion. Putin exploited the weak
spot, he made big problem much worse.

Central banks' reaction (as of June) make some sense to me only
if they are scared as hell by possible "panic spiral" caused by
*proper* (re)actions. IMHO It is a high cost of playing nice-nice
central banker for far too long.

--
A. Filip : Big (Tech) Brother is watching you.
| Nemo me impune lacessit. [No one provokes me with impunity]
| (Motto of the Crown of Scotland)