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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (149582)	11/11/2010 11:38:35 AM
From: epicure	Read Replies (1) \| Respond to of 541735

oh dear we said the same thing :-) You were first

To: JohnM who wrote (149582)	11/11/2010 12:03:35 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 541735

Nope. Only means prices are going up for you. Lots of reasons can account for that I disagree. Statistics are nothing more than a tool just as your eyes are. You have an unwavering belief in government fed data that I do not share. If it comes to believing my own eyes or the government, I'll rely on my eyes every time. Statistics are backward looking John. So the numbers the government give you are for yesterday while your eyes give you numbers in real time. ....To give you an example; people who bought houses based on government numbers of escalating prices where crushed at the end of the bubble - despite that the numbers still showed inflated housing prices.

To: JohnM who wrote (149582)	11/11/2010 1:44:02 PM
From: Katelew	Read Replies (2) \| Respond to of 541735

So when the price of eggs, milk, and butter are going up, your grocery bill actually may be flat to down; or even if yours is up other folk who shop at the same store but buy different items may have a different experience. And so on. In terms of economics, what you say, though correct, doesn't matter. If the price of eggs goes up, I could just stop eating them entirely. Does that mean the price of eggs didn't go up? No. Right now commodity prices are going up. Prices of farmland are even starting up again. Sugar at 30 year highs, cotton at 15. Cotton prices will possibly raise clothing prices. Just because a person decides to buy one pair of cotton jeans instead of two won't mean that cotton hasn't experienced inflation.