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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.22

-0.2%

Nov 21 4:00 PM EST

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To: KyrosL who wrote (85385)	1/1/2012 9:06:05 AM
From: bart13	2 Recommendations Read Replies (2) of 217933

All I know is that the implications of the shadowstats numbers are ridiculous. For example, that the US has been in a deep recession almost continuously for the last 20 years. That's not what the data shows. Wherever your data came from is highly suspect at best. Even with a CPI w/o lies adjustment, GDP was positive through the huge majority of the 90s. You can also easily find out that CPI is way too low, just based simply on what happens to the standard of living of seniors who are on SS for a while. The Boskin Commission adjustments didn't help, and the data and spin is there is their report should you care to look it up. And all the rest like OER, hedonics, the lack of reverse hedonics, geometric weighting etc. do exist whether you choose to look or not... and even just a CPI-U adjustment for the minimum wage rate shows that it peaked in the late '60s at around $8.00 and is now around $5.50. And then there are the "special" GDP revisions over the last 6+ years for which I posted a chart a few days ago. Those are straight data directly from government stats and completely unadjusted. When honest apples to apples comparisons are done, based on how it was calculated in 1982, the lies are obvious. When consumers switch to chicken and away from beef because beef prices went up substantially, that's an inflationary effect... but the BLS massages it away via weighting changes (also known as selection bias) and that's just plain wrong - much like the convenient weighting of medical at ~6.5% of CPI when its almost 18% of GDP. There are many other examples too, and not just in the U.S..

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