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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mama Bear who wrote (15105)8/31/2000 2:45:40 AM
From: chic_hearne  Read Replies (1) of 436258
 
This is f*cking amazing:

If we assume that service-sector productivity growth is at least as high as the average GDP price deflator rise of 1.6% over the last three years, then inflation is zero. Now, what if service sector productivity growth is running even higher, say 2.5-3.5%? Then we're looking not an inflation, but at deflation, at a rate of about 1-2%.

OK, if this is true, I have one question.

Show me something in my everyday life that is not going up in price?

The cost of housing alone is enough to offset a 10% drop in everything else.

But I don't see "everything else" falling.

Hell, it seems like EVERYTHING is more expensive.

Where do they come up with these morons? Who cooks up these stats?
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