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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (298708)	12/17/2010 4:22:45 PM
From: Tommaso	Read Replies (2) \| Respond to of 306849

>>>Good luck. My only concern is that Berspanky has an ego the size of Texas. I'm not fooled by the soft-spoken bs. So, he will crush equities to save face on his precious QE2 nonsense. <<< If he really does want to crush equities, all he has to do is raise interest rates. And that automatically runs up the price of TBT. He doesn't want to crush equities, however. But he made that reckless statement recently about raising interest rates "in 15 minutes." He won't do that until the statistics show there's inflation. The government has been redefining inflation to suite its own purposes for at least the last ten years, but at some point reality will overwhelm statistical manipulation. Supposedly, the Consumer Price Index covers real expenses. But reports routinely exclude energy and food costs because they are "too volatile." From the Bureau of Labor Statistics: The CPI represents all goods and services purchased for consumption by the reference population (U or W) BLS has classified all expenditure items into more than 200 categories, arranged into eight major groups. Major groups and examples of categories in each are as follows: FOOD AND BEVERAGES (breakfast cereal, milk, coffee, chicken, wine, full service meals, snacks) HOUSING (rent of primary residence, owners' equivalent rent, fuel oil, bedroom furniture) APPAREL (men's shirts and sweaters, women's dresses, jewelry) TRANSPORTATION (new vehicles, airline fares, gasoline, motor vehicle insurance) MEDICAL CARE (prescription drugs and medical supplies, physicians' services, eyeglasses and eye care, hospital services) RECREATION (televisions, toys, pets and pet products, sports equipment, admissions); EDUCATION AND COMMUNICATION (college tuition, postage, telephone services, computer software and accessories); OTHER GOODS AND SERVICES (tobacco and smoking products, haircuts and other personal services, funeral expenses).