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Politics : Ask Michael Burke
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To: Earlie who wrote (70695)11/18/1999 4:22:00 PM
From: Nadine Carroll  Read Replies (1) of 132070
 
Thanks, Earlie

So, if I understand you, the manufacturing glut and the Asian crisis currency devaluations are deflating commodities (that's what mike meant when he said that our trade deficit allowed us to import deflation), while everything else inflates. Meanwhile the CPI has been adjusted only to measure commodities.
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