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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Archie Meeties who wrote (91301)2/5/2008 6:13:49 PM
From: bart13  Read Replies (1) of 110194
 
The substitutions you note are not what John Williams is talking about but your point is also valid... although phone costs are an extremely small part of the average budget or BLS basket.

There are many many other items he is talking about, like hedonics, BS geometric weighting and homeowners equivalent rent, etc.
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