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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (37111)9/14/2005 10:02:12 AM
From: Knighty Tin  Read Replies (1) | Respond to of 116555
 
Excellent article.



To: Chispas who wrote (37111)9/14/2005 10:48:52 AM
From: valueminded  Respond to of 116555
 
I especially like the fact where the article states in no uncertain terms that not only is the basket of goods incorrect for the average consumer, but also that the inflation of the representative components is understated. A double whammy Case in point was Health care. Only 4% increase a year in medical costs. Who are they kidding.

Inflation is here, whether stated via the CPI or not and it is probably closer to 6% then 3%


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