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To: craig crawford who wrote (105054)	5/26/2001 10:02:37 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 436258

Well, I'd agree that my personal experience says inflation is actually higher than the official numbers. Think of it as "pro forma" inflation, the government equivalent of the private sector's creative accounting. But those are the only numbers available, and those are the numbers everyone pays attention to. What else are you going to use? The official numbers show inflation bottomed in 1998, and has almost doubled so far off that low. And, comparing the official numbers to stock market performance, 4% inflation and above corresponds to poor stock performance. We are approaching that number. It shows the trend, and it's useful for that.

To: craig crawford who wrote (105054)	5/27/2001 9:18:18 AM
From: yard_man	Respond to of 436258

it's [price inflation] already here by their statistics, craig. (that AG can say he is still going to cut agressively and that inflation is nothing to worry about -- well it's amazing the bond market didn't tank -- next week should be interesting. We did get a little selloff on Thursday.) Maturity Yield Yester-day LastWeek LastMonth 3 Month 3.55 3.54 3.49 3.67 6 Month 3.55 3.57 3.58 3.63 1 Year 3.55 3.54 3.57 3.58 2 Year 4.22 4.27 4.32 4.17 5 Year 5.00 5.01 4.98 4.76 10 Year 5.48 5.48 5.38 5.24 30 Year 5.84 5.83 5.75 5.76 (anybody see a trend ...) Of course, they revise the crap out of their numbers, too. Re the recently revised GDP number: I remember when that number first came out that they recently as I was on vacation -- the big doofus on CNBC was talking about the bears were just wrong and hailed it as reason to get back in. We had already turned the corner and not going into recession. Those guys work for the BLS, too -- doofuses, all ...