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Wishnitwas1998
Tennessee Fan
Walls, Ms
Member since Oct 2010
13559 posts

Do any of y'all believe the governments inflation numbers?


I'm a finance major and yesterday during class my teacher made a statement that made me think. Basically in the last 20 years even with all the bs our economy has been through the inflation rate has been flat.

I just refuse to believe this, I don't have a link and don't have any statistics cause I don't have that kind of time but come on, gas is way more expensive and so is a gallon of milk along with pretty much all food

I know there is a lot of ppl who call bull shite on the govt published inflation rate but my question is how many on the poli board actually buy it? I sure as hell dont







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TerryDawg03
Georgia Fan
Member since Dec 2012
1418 posts
 Online 

re: Do any of y'all believe the governments inflation numbers?


Hell no.





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I B Freeman
Member since Oct 2009
4289 posts

re: Do any of y'all believe the governments inflation numbers?


LINK





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dewster
Maryland Fan
Tennessee
Member since Aug 2006
8692 posts

re: Do any of y'all believe the governments inflation numbers?


No.





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constant cough
LSU Fan
Lafayette
Member since Jun 2007
33464 posts

re: Do any of y'all believe the governments inflation numbers?


quote:

Do any of y'all believe the governments inflation numbers?



I don't believe any government number. Especially not coming form the Obama Regime.






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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120328 posts

re: Do any of y'all believe the governments inflation numbers?


What do you mean when you say the inflation rate has been "flat"





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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Do any of y'all believe the governments inflation numbers?


quote:

Do any of y'all believe the governments inflation numbers?


hell no

quote:

I don't have a link and don't have any statistics


go check out ShadowStats.com


quote:

gas is way more expensive and so is a gallon of milk along with pretty much all food


Because they conveniently leave out energy and food in the inflation calculations that they tout on the evening news. it's bullshite, but many people believe it to be justified, including many on this very site.



This post was edited on 9/13 at 1:45 pm


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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31249 posts

re: Do any of y'all believe the governments inflation numbers?


INFLATION, UNEMPLOYMENT, DEBT INCREASES over many months(over a year for number two) HELL NO.





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TerryDawg03
Georgia Fan
Member since Dec 2012
1418 posts
 Online 

re: Do any of y'all believe the governments inflation numbers?


Good link. Frederick Sheehan, who wrote about the constant adjustments to the basket of goods in the CPI in his book Greenspan's Bubbles, had this to say (in a recent column):

quote:

The Consumer Price Index is a fantasy that blends with minds hooked on video games, iPods, reality TV and the unreality of Donald Trump wrestling in Las Vegas along with midgets and drooling devils. Or, maybe that was reality. The very existence of Donald Trump may be the definitive example of both inflation and miscalculation.




ETA:
quote:

Funny games with the inflation figures have a long history. Stephen Roach reviewed his participation in a Morgan Stanley Global: Daily Economic Commentary: "After the quadrupling of oil prices in 1973, the redoubtable Arthur Burns, Fed chairman and renowned business-cycle scholar, called his staff together and demanded they present him with a CPI stripped of energy costs [Burns' rationale was the blazing Yom Kipper War, over which the Fed had no control.] Statistics had triumphed again. We had surgically removed the diseased side of the CPI, enabling the Fed to focus on that portion of inflation that it could - and should - control. Alas, it didn't turn out to be quite that simple. A few months later, Burns called us back again and noted an alarming pick-up in the rate of food inflation. Weather conditions had turned severe and the Fed chairman was particularly distraught over the disappearance of the anchovies off the coast of Peru - a development that he felt long held the key to agricultural price cycles.


LINK



This post was edited on 9/13 at 1:53 pm


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Wishnitwas1998
Tennessee Fan
Walls, Ms
Member since Oct 2010
13559 posts

re: Do any of y'all believe the governments inflation numbers?


quote:

Because they conveniently leave out energy and food in the inflation calculations that they tout on the evening news. it's bullshite, but many people believe it to be justified, including many on this very site.


And it's hilarious considering that food and energy are, you know, basic needs of society






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RCDfan1950
LSU Fan
United States
Member since Feb 2007
9628 posts

re: Do any of y'all believe the governments inflation numbers?


Just got back from a trip to WD. What they can't water down, downsize volume or cut quality...they ARE raising prices. It's on. Ludicrous to think otherwise.

If Obama keeps shutting down the private economy, printing money will be the only income source for Government sustenance. Of course, that's after they go through what's left of your private savings/pensions/investments/etc.







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Wishnitwas1998
Tennessee Fan
Walls, Ms
Member since Oct 2010
13559 posts

re: Do any of y'all believe the governments inflation numbers?


Just like Crete (I believe it was)......idk how people don't see what is happening in other places and don't wake up

ETA: btw I believe both parties are equally guilty for this



This post was edited on 9/13 at 1:57 pm


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Do any of y'all believe the governments inflation numbers?


quote:

Of course, that's after they go through what's left of your private savings/pensions/investments/etc.


Bitcoin users not affected.






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Wishnitwas1998
Tennessee Fan
Walls, Ms
Member since Oct 2010
13559 posts

re: Do any of y'all believe the governments inflation numbers?








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TerryDawg03
Georgia Fan
Member since Dec 2012
1418 posts
 Online 

re: Do any of y'all believe the governments inflation numbers?


quote:

And it's hilarious considering that food and energy are, you know, basic needs of society


This college kid tried to debate me about government numbers last year while I was visiting Athens. He had some table up protesting something, and while talking with him, he brought up the CPI. I asked him if he believed it, and he agreed, then I asked him what he spent most of his money on outside of rent and tuition. "Well, I guess it does exclude food and energy."

"Food's pretty important, man."

He shut up.






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RCDfan1950
LSU Fan
United States
Member since Feb 2007
9628 posts

re: Do any of y'all believe the governments inflation numbers?


Wiki...you must damn well know that the righteous socially just State will do WHATEVER they have too...to get your mon.....errr...force you to pay your fair share that is. You can run...but you can't hide...in your computer. You're on the list already...greedy and seditious rabble rouser that you are.









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Wishnitwas1998
Tennessee Fan
Walls, Ms
Member since Oct 2010
13559 posts

re: Do any of y'all believe the governments inflation numbers?


Well I guess so

It's hilarious how naive a lot of people are

ETA: now that I reread your post I thought about something. You said tuition. Idk how tuition costs fit in inflation but I know one thing for sure: we are paying more and more for college tuition and the quality of education is getting worse and worse



This post was edited on 9/13 at 2:07 pm


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90proofprofessional
LSU Fan
Member since Mar 2004
7931 posts

re: Do any of y'all believe the governments inflation numbers?


quote:

my question is how many on the poli board actually buy it?

if by "buy it" you mean "regard CPI (without energy/food prices) as a good indicator for informing monetary policy" you can count me as one.

i know it's commonly taken as a measure of the price-change in standard of living, but it really isn't exactly that



This post was edited on 9/13 at 2:12 pm


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TerryDawg03
Georgia Fan
Member since Dec 2012
1418 posts
 Online 

re: Do any of y'all believe the governments inflation numbers?


quote:

Idk how tuition costs fit in inflation


I was making him think about his personal budget - that's all. When the food & energy light bulb went off, it was great.






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SpidermanTUba
LSU Fan
New Orleans Mid-City
Member since May 2004
24701 posts

re: Do any of y'all believe the governments inflation numbers?


quote:

I'm a finance major and yesterday during class my teacher made a statement that made me think. Basically in the last 20 years even with all the bs our economy has been through the inflation rate has been flat.


Well I wouldn't call it "flat". Its certainly low by the standards of recent history.


quote:


I just refuse to believe this, I don't have a link and don't have any statistics cause I don't have that kind of time but come on, gas is way more expensive and so is a gallon of milk along with pretty much all food


The CPI incorporates more into its index than gas, milk, and pretty much all food. This is because most people but more than gas, milk, and pretty much all food.

quote:


I know there is a lot of ppl who call bull shite on the govt published inflation rate but my question is how many on the poli board actually buy it? I sure as hell dont



Are you submitting that a price index composed of gas and milk is better?






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