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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (48326)	12/29/2005 3:11:08 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

Perhaps where Mish lives it might be at or even below reported figures? as long as he doesn't drive, or require insurance or health care. or home heating or cooling. or buy the many food items that have skyrocketed. of course, when the price of something goes up, our government helpfully finds a substitute which is not as expensive. e.g., when steak is too expensive, our statisticians note that cat food has roughly the same protein per serving but costs a lot less, so one can say that food prices have not risen. likewise, one can substitute dry milk for regular milk, and reconstituted bacon grease for butter. speaking of grease, as long as you put it in your gas tank in lieu of gasoline, energy prices have not risen. so much of the actual inflation is driven by pass through of costs associated with the coastal housing bubble remember that our statisticians at the BLS helpfully shield us from housing inflation by relying on "owner-equivalent rent", a complete fiction which is the largest component in the CPI.