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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (116388)	5/26/2005 7:29:40 PM
From: unclewest	Read Replies (1) \| Respond to of 793828

Sure looks like inflation from my place in the economic spectrum: gas prices up a great deal, heating fuel up a great deal, property taxes up a great deal, vacation costs (those euro to dollar translations) way up, and so on. And then there are the medical costs. Add housing costs to that list and I'm in total agreement.

To: JohnM who wrote (116388)	6/15/2005 10:51:23 AM
From: greenspirit	Respond to of 793828

Hi John, I wanted to answer this post before I went under and never got around to it. Yes, I am still in Sardinia, Italy. Haven't been to France yet, but from everything I've heard from friends it's a really nice place. Good to see you enjoying your retirement and traveling. I love traveling around and seeing all the different places of the world, it's just a fascinating thing to witness first hand. Before I leave Europe, I must visit France, Poland and Ireland which have somehow escaped my itinerary up until now. We spent last week in Polerma and Catania, Italy. Had a grand time and the people could not have been nicer. Looks like the wife has her heart set on a trip to Turkey in a few weeks, she won't get much of an argument out of me. I'm looking forward to finding some bargains and letting her do all the haggling. If you ever end up in northern Sardinia before the end of this year, do give me a holler. I know some of the "best" restaurants and really cool secret places to visit. Just last month I found a church built in 600 AD on this way out of the way dirt road while cruising on my scooter. And what made it even more unique, was it was wide open (like in the old Catholic tradition), with very old gorgeous paintings on the wall. In regard to inflation, I roger your concerns, I suppose for every cent a gallon increase in gas, the Walmarts of the world are squeezing some supplier to drop prices on shirts even lower. It's just amazing how inexpensive clothing is becoming in the states, especially when compared to just about anywhere in Europe. Lastly, it looks like the dollar is in serious recovery mode. Probably a reaction to how growth is positively impacting government revenues. Something Krugman never seems to anticipate.

To: JohnM who wrote (116388)	6/15/2005 11:08:08 AM
From: greenspirit	Respond to of 793828

U.S. consumer prices dip 0.1%; modest rise in core CPI Wednesday, June 15, 2005 9:46:58 AM ET newratings.com NEW YORK, June 15 (newratings.com) – The US consumer prices unexpectedly declined for the first time in 10 months in May this year, the latest government report says. The US Labor Department said in a report on Wednesday that its Consumer Price Index (CPI), a closely watched measure of consumer inflation, declined 0.1% in May 2005. The decline in the CPI last month was driven by a decline in energy prices. The core CPI, which excludes the volatile food and energy costs, increased 0.1% in May this year, the report added. According to the Labor Department report, energy prices declined 0.2% last month, representing the largest decline since July 2004 and the first decline since January this year. Food prices increased 0.1% last month, the report added.