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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (132452)	3/29/2013 3:28:16 PM
From: tejek	Read Replies (1) \| Respond to of 149317

We are not experiencing inflation using the hedonically smoothed metrics the Fed uses. However, if you look at inflation on food, fuel, education, and healthcare, all of which represent a very sizeable portion of the average American's budget, then inflation is running at 5-8%. So yes, we are experiencing inflation and it will continue to get worse. We are not seeing inflation by any metric. Housing prices in most metros are back to turn of century prices; indust. capacity ute. is still below 80%; the unemployment rate is at 7.7%. The only inflation is in your head.