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re: CPI comes in hot at 3.4%

Posted on 5/15/24 at 8:08 am to
Posted by GumboPot
Member since Mar 2009
119066 posts
Posted on 5/15/24 at 8:08 am to
quote:

Not great, not terrible.


When CPI is greater than GDP...not good.

Plus over time the government bureaucrats have incrementally weighted down the CPI numbers. Of course the government calls them "improvements".
This post was edited on 5/15/24 at 9:41 am
Posted by texas tortilla
houston
Member since Dec 2015
1890 posts
Posted on 5/15/24 at 8:12 am to
Yield curve still inverted. For how long now. Recession can't be far off.
Posted by Marye
Member since Oct 2020
442 posts
Posted on 5/15/24 at 8:14 am to
"For instance, though Biden and many economists have long resorted to the Consumer Price Index (CPI) as the most reliable indicator of inflation, there is ample reason to believe CPI is not a truly representative marker of inflationary forces."

LINK /
Posted by TheGooner
Baton Rouwage
Member since Jul 2016
1005 posts
Posted on 5/15/24 at 8:19 am to
quote:

quote:Not great, not terrible. When CPI is greater than GDP...not good. Plus overtime the government bureaucrats have incrementally weighted down the CPI numbers. Of course the government calls them


I believe that he was making a Chernobyl reference.
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