Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: Wyätt Gwyön who wrote (1861)	5/26/2003 11:15:14 AM
From: Crimson Ghost	Read Replies (4) of 4905

I'm not sure about productivity, but there is little doubt that inflation is much higher than the CPI shows. Does anybody here really think that prices are increasing just 1-2% per annum? Responding to charges that the CPI was "overstating" inflation -- the methodology was changed to show lower numbers in the mid 1990s. The CPI is a "political" number in the final analysis. The whole "deflation" thing is a big lie at worst and a gross exaggeration at best. What the Fed is really worried about is keeping the credit bubble alive as long as possible. They prefer to deal with the problem of way too much debt in the system via inflation rather than default.

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