SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Ask Michael Burke
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill F. who wrote (63382)6/28/1999 7:11:00 PM
From: Freedom Fighter  Read Replies (2) of 132070
 
Bill,

"To say that the Fed doesn't need to tighten because there's no inflation is just preposterous. The truth of the matter is the CPI statistics have been massaged to the point where they don't show the inflation that exists."

I agree. I certainly don't have the resources to do a better job that the government, but there is one thing that is certain. Both of the last two adjustments to the inflation calculations had the effect of lowering the reported CPI figures from the prior methodology by anywhere from .5%-1%. So the cumulative effect is significant enough to know that the current reported low inflation is in no way comparable to prior decades like the 50s when inflation was probably REALLY low. The decade of the 90s is 33% illusion/delusion/marketing/data mining/wishful thinking/ and 33% easy credit. That leaves 33% honest to goodness progress.

Wayne
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News