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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: tradermike_1999 who started this subject2/21/2004 9:32:10 PM
From: Seeker of Truth  Read Replies (1) of 74559
 
In Canada every month there is a CPI report, comparing consumer prices with those of the corresponding month a year ago. The report for January is 1.2% inflation year over year. In the US the government just looks at the inflation over one month. Why? It doesn't look so bad, that way. Most people are unlikely to multiply 1 + x to the 12th power, where x is the fractional increase over the month. Also they remove important numbers like the cost of energy and the cost of food. Why? Those are "too volatile." In other words, subtracting them makes the inflation seem still smaller. Looking at it that way the reported US inflation of 0.5% over the month looks extremely higher than the year to year inflation of Canada, at 1.2%. Conclusion, the US dollar will sink some more with respect to gold, for example.
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