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


To: JohnM who wrote (149635)11/11/2010 2:31:43 PM
From: Steve Lokness  Read Replies (1) | Respond to of 541627
 
Sorry to be so blunt.

however, that you are trying to make is that your experience is everyone else's, then you are definitely wrong.

Well let me be blunt back at you then - of course I'm not saying my experience is everyone's else's. How can I speak for anyone other than what I'm witnessing. ..........What I'm saying John is that statistics are not the only thing a person should look at to make their own decision. The inflation numbers are fed to us by the government. If you rely only on the government for instance, there was WMD in Iraq and and so sheeple should all support the war. Some of us did our own thinking and decided we were being fed a bunch of bull. If you relied on the government statistics of rising home prices and made your bets on that single set of information then it was nothing other than chance that you didn't buy a house at the top. Some questioned the data and sold instead.

This is what I'm saying about food prices; commodity (raw food prices) are going up fast, gold is going up fast, my eyes in the super market say that prices are going up, food prices as separated from other prices as I presented the data to you yesterday are going up.

Does that mean we are having inflation as measured by the CPI or PPI? No because the price of computer and rent may be going down just as food and energy prices are going up. Once again though as in WMD or housing, you better look at everything to get the real story. Listening to Krugman who picks and chooses his statistics he wants to look at based on government CPI data - is no different than listening to the government. It is the same set of numbers.