When you’re on a this kind of a hot streak, why not start put all your chips on pink?
Then in May 2011 he (Niall Fergson) wrote for The Daily Beast about “The Great Inflation Of The 2010s.”
He actually said in the piece: “Yes, folks, double-digit inflation is back. Pretty soon you’ll be able to figure out the real inflation rate just by moving the decimal point in the core CPI one place to the right.”
This was totally incorrect. Double-digit inflation is not back. Hopefully by this point you don’t need a chart to show you that.
In February 2010 he predicted a Greek crisis was coming to America. Verdict: Wrong.
And in June 2009, he predicted a painful conflict (imminently) between monetary and fiscal policy. Verdict: wrong.
But Andrew Sullivan read Corinthians at his wedding, and Sullivan is an honorable man, so are they all, all honorable men.