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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: BGR who wrote (78992)12/9/1999 5:59:00 PM
From: KeepItSimple  Read Replies (2) of 86076
 
>1. Why, then, are consumer prices not increasing in the USA?

Who are you relying on for the statement that consumer prices are not increasing? Last month it was reported that new home prices were up 14% FOR SEPTEMBER ALONE.

The thing people refuse to understand is that a tube of toothpaste is not going to increase in price. The things that people spend their new found stock wealth on are:

Houses
Cars
More stock

USA Jaguar reported sales increased 75% over the last two quarters. Housing prices are skyrocketing everywhere in this country, but for some reason the fed uses a "model" in which they base housing prices by extrapolating what the average rental unit in an area would go for. They literally dont even tabulate the actual selling prices of new homes. Nobody I've ever spoken to can explain why they do it this way. And stocks, as we all know, are rising at roughly 100% per year.

Do you even know the 15 components that make up the CPI? It is things like tobacco, a yard of 100 thread per inch cloth, and other mundane items. They exclude the biggies, such as food and energy, so what you are left with is a complete joke. You also get the data skewed because computer prices have been decreasing, while speed has increased. They actually have a formula that calculates the price per instruction operation. Every time Dell and Gateway release a new PC with a faster CPU at the same price, the CPI goes down. Literally.

Just go and buy a new luxury car. Or a house. Or a share of any nasdaq 100 stock. And then tell me there is no inflation.

And
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