But there is no inflation. That's because Obama's BLS says so. He's trustworthy. He shut down Guantanamo like he promised.
Ok, I'm going to assume you are just joking around here, and that you actually know that's 2% annual inflation. barfo
Everyone got 11% raises along the way, right? Makes me wonder why the food stamp rolls are growing so rapidly.
As I understand it, wage inflation is not keeping pace with price inflation lately. However, that doesn't mean that price inflation is too high, 2% is considered by most economists to be a healthy level. It means wage inflation is too low. I'd guess they even out over time, however, since low wages will lead to lack of demand. barfo
The price of obamacare means 100% inflation for many people, too. http://www.policymic.com/articles/4...e-u-s-be-as-insolvent-as-greece/category_list CBS News recently reported that the rate of inflation, as calculated by the American Institute for Economic Research (AIER), clocked in at a whopping 8% over the past year. This number is in stark contrast to the relatively modest inflation rate of 3.1% being reported by the government’s Bureau of Labor Statistics. The AIER calculates what they refer to as an Every Day Price Index (EPI). The EPI only looks at the cost of goods the average household buys every month and factors in only those costs which are subject to price fluctuation. For example, mortgages are typically stable over the course of a year so those numbers are ignored. They wouldn’t change unless a person moves or refinances, so they don’t act as a good measure of inflation from month to month. Another measure of inflation comes from John Williams’ Shadow Stats. Williams calculates the consumer price index (CPI) using the same model as the government did prior to 1990. Williams also calculates the CPI using the same model as the government did prior to 1980. In each case, the government changed the way it calculated inflation in order to give the appearance of less inflation. If we calculate the inflation rate the exact same way the government did prior to 1990, the inflation rate is averaging around 6.5%, which is basically double the official rate. However, if we measure inflation the same way the government did back prior to 1980, the inflation rate clocks in at a mind-numbing 11%.
CBS News doesn't think it's stupid. But you know better! http://www.forbes.com/sites/theapot...nsurance-premiums-by-99-for-men-62-for-women/ Double Down: Obamacare Will Increase Avg. Individual-Market Insurance Premiums By 99% For Men, 62% For Women But you know better!
I didn't see that they offered an opinion on it. Your quote just says they reported on it. Nevertheless, how can it not be stupid? Pretending like people don't spend money on mortgages is not a good premise. barfo
CBS doesn't report on UFOs, so this inconvenient (for you) analysis passes their sniff test. Them eat cake again? http://eyeonhousing.wordpress.com/2...growth-continues-to-exceed-overall-inflation/
Oh please.... seriously? Edit: ok, just imagine I know how to insert links... or just do a google search for "cbsnews ufo" and you'll get 189,000 results. There are lots of CBS reports on UFOs. barfo
Sorry, I should have written "little green men flying around in UFOs." The point being CBS found it newsworthy to write about real world inflation not matching what government numbers claim.
It's funny how you claim the media is biased when they report something you don't like, but claim that their mere reporting something establishes validity when you like the subject. The use of this method of computing inflation is not really any different than relying on 'unskewed polls'. barfo
Now you're being silly. Even the BLS has several formulae to calculate inflation. CPI-U for urban areas, PPI for producers, etc. And those things are skewed. How? They weight the prices based on quality. Like the pizzeria uses less dough to save cost per pie. And you might take economists' ideas and models with a grain of salt. None of them, including the most sophisticated model of all at the Fed, predicted the economic problems we faced in 2008. From personal experience, groceries I paid $20 for in 2009 now cost me over $30.
Of course there are various models to compute inflation. It's that you are choosing one in particular, the one that best fits your peculiar worldview, and pretending that it is somehow the most meaningful measure, that is the problem here. Maybe your grocery bill has gone up by 50% for reasons that don't generalize to the country at large. barfo
It is you that wants to cherry pick. You mentioned cost of mortgage payments, which tend to remain the same for 30 years. As 41% of the makeup of CPI, it really dulls the calculated number. When removed, inflation looks like over 10%. And that squares fully with my statement that printing money is causing inflation, witness the price of groceries.
How am I cherry picking? I mentioned mortgages only because your source mentioned mortgages. Yes, if you remove all the things that haven't increased in price, the price increase appears higher. Here's a similarly insightful analysis: If you exclude the losses, the Blazers are undefeated! barfo
How do payments on a 30 year fixed mortgage increase due to inflation? YOU mentioned mortgages and complain about methodology that removes the 41% weight they have on CPI. I've got news for you. If you never buy anything, the price you pay won't go up. See, I can say things as stupid as you do!
