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To: average joe who wrote (47367)	1/22/2000 8:43:00 PM
From: lorne	Respond to of 116756

CPI HOCUS-POCUS DOESN'T FOOL US By JOHN CRUDELE " I hit a nerve last Monday. Aside from a couple of bubbleheads who'd like to see me die a horrible death for picking on Washington's highly-questionable inflation numbers and their sacred capital gains, most readers didn't think it went far enough." " Instead, it uses some asinine housing cost guess. For instance, if you bought a condo in Manhattan in '99 for, say, $300,000, and this year the same place sold for $400,000, that doesn't count as consumer inflation according to the government's way of thinking. In the CPI, Washington calculates housing inflation as being what it would cost you to rent your own house. Yup, that how it's done." Full story >>> nypostonline.com