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Politics : Ask Michael Burke

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To: BGR who wrote (62343)	6/15/1999 12:02:00 AM
From: benwood	Read Replies (1) of 132070

For lack of time and a better metric, we could look at the Consumer Price Index for a measure of inflation this century. The CPI for November 1929 was 17.2, and the CPI for April was 166.2. That's 966% of inflation that happened along the way. Ouch for those of us who stuffed cash in our mattresses! Regardless, it must not be too comforting to the Japanese who see their assets at perhaps 40% of the bubble peak 10-11 years later (after inflation) to realize that in a mere 20 years there's an 80% probability they might be ahead again (of the mattress).

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