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peterb
ParticipantAMEN!! The “Basket of Goods” that made up the CPI 15 years ago had many more items in it than it does now. Unemployment figures only calculate who’s getting a UI check, not actual people without jobs. The checks stop after 6 months in most states. The cost of a barrel of oil has almost doubled in 2 years. These are just a few examples of things that dont seem to show up in any govt reports.
I learned a long time ago, when I performed statistical analytics, that the first thing one should do when looking at statistical data is to consider the source and the second thing is to analyze the methodology, definitions and basic framework.
Just ask yourself,”How much did medical care, a car, a house, and education cost 10 years ago?” This is far more accurate and meaningful than all the garp the govt sticks out there and expects us to accept as facts.
peterb
ParticipantAMEN!! The “Basket of Goods” that made up the CPI 15 years ago had many more items in it than it does now. Unemployment figures only calculate who’s getting a UI check, not actual people without jobs. The checks stop after 6 months in most states. The cost of a barrel of oil has almost doubled in 2 years. These are just a few examples of things that dont seem to show up in any govt reports.
I learned a long time ago, when I performed statistical analytics, that the first thing one should do when looking at statistical data is to consider the source and the second thing is to analyze the methodology, definitions and basic framework.
Just ask yourself,”How much did medical care, a car, a house, and education cost 10 years ago?” This is far more accurate and meaningful than all the garp the govt sticks out there and expects us to accept as facts.
peterb
ParticipantAMEN!! The “Basket of Goods” that made up the CPI 15 years ago had many more items in it than it does now. Unemployment figures only calculate who’s getting a UI check, not actual people without jobs. The checks stop after 6 months in most states. The cost of a barrel of oil has almost doubled in 2 years. These are just a few examples of things that dont seem to show up in any govt reports.
I learned a long time ago, when I performed statistical analytics, that the first thing one should do when looking at statistical data is to consider the source and the second thing is to analyze the methodology, definitions and basic framework.
Just ask yourself,”How much did medical care, a car, a house, and education cost 10 years ago?” This is far more accurate and meaningful than all the garp the govt sticks out there and expects us to accept as facts.
peterb
ParticipantAMEN!! The “Basket of Goods” that made up the CPI 15 years ago had many more items in it than it does now. Unemployment figures only calculate who’s getting a UI check, not actual people without jobs. The checks stop after 6 months in most states. The cost of a barrel of oil has almost doubled in 2 years. These are just a few examples of things that dont seem to show up in any govt reports.
I learned a long time ago, when I performed statistical analytics, that the first thing one should do when looking at statistical data is to consider the source and the second thing is to analyze the methodology, definitions and basic framework.
Just ask yourself,”How much did medical care, a car, a house, and education cost 10 years ago?” This is far more accurate and meaningful than all the garp the govt sticks out there and expects us to accept as facts.
May 23, 2008 at 5:15 PM in reply to: Inflation Vs Deflation in Context to what is Happening Now #210776peterb
ParticipantHere’s a real-time example and explination of both deflation and inflation and how we’re seeing both in action right now:
http://www.europac.net/externalframeset.asp?id=12919May 23, 2008 at 5:15 PM in reply to: Inflation Vs Deflation in Context to what is Happening Now #210845peterb
ParticipantHere’s a real-time example and explination of both deflation and inflation and how we’re seeing both in action right now:
http://www.europac.net/externalframeset.asp?id=12919May 23, 2008 at 5:15 PM in reply to: Inflation Vs Deflation in Context to what is Happening Now #210873peterb
ParticipantHere’s a real-time example and explination of both deflation and inflation and how we’re seeing both in action right now:
http://www.europac.net/externalframeset.asp?id=12919May 23, 2008 at 5:15 PM in reply to: Inflation Vs Deflation in Context to what is Happening Now #210894peterb
ParticipantHere’s a real-time example and explination of both deflation and inflation and how we’re seeing both in action right now:
http://www.europac.net/externalframeset.asp?id=12919May 23, 2008 at 5:15 PM in reply to: Inflation Vs Deflation in Context to what is Happening Now #210930peterb
ParticipantHere’s a real-time example and explination of both deflation and inflation and how we’re seeing both in action right now:
http://www.europac.net/externalframeset.asp?id=12919peterb
ParticipantSchiff seems to agree that this is what’S happening at the consumer level: http://www.europac.net/externalframeset.asp?id=12779
Without HELOC’s and CC’s, consumer spending will be severely reduced. I guess that’s when we’ll see deflationary pressure throughout the economy and not just in housing.
peterb
ParticipantSchiff seems to agree that this is what’S happening at the consumer level: http://www.europac.net/externalframeset.asp?id=12779
Without HELOC’s and CC’s, consumer spending will be severely reduced. I guess that’s when we’ll see deflationary pressure throughout the economy and not just in housing.
peterb
ParticipantSchiff seems to agree that this is what’S happening at the consumer level: http://www.europac.net/externalframeset.asp?id=12779
Without HELOC’s and CC’s, consumer spending will be severely reduced. I guess that’s when we’ll see deflationary pressure throughout the economy and not just in housing.
peterb
ParticipantSchiff seems to agree that this is what’S happening at the consumer level: http://www.europac.net/externalframeset.asp?id=12779
Without HELOC’s and CC’s, consumer spending will be severely reduced. I guess that’s when we’ll see deflationary pressure throughout the economy and not just in housing.
peterb
ParticipantSchiff seems to agree that this is what’S happening at the consumer level: http://www.europac.net/externalframeset.asp?id=12779
Without HELOC’s and CC’s, consumer spending will be severely reduced. I guess that’s when we’ll see deflationary pressure throughout the economy and not just in housing.
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