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Let's get something staight on inflaiton

justoffal

justoffal

Senator
The inflation that the left and the administration keeps yammering about is not the real number that represents the cost of living per se. It is the stupidly complex formula that is designed to hide true costs and flatter the the government. They all do it ....they all did it. Bush, Obama....and then Clinton and Bush before him...they all used the phony numbers. Why it is so important for them to make the distinction without a difference that has to do with daily cost of living as opposed to what economists call core inflation is beyond me but I also know that I don't have to look too far to smell the Bullshixt in the mix.

While people become impoverished....find the dollar devaluing almost on a weekly basis.....and find that they are no longer able to thrive in this money system....we continue to hear about low inflation rates as if they were in any way, shape or form involved with the realities the financial struggles that people face on a daily basis. So they can take the core inflation number and shove it up where the Sun doesn't shine because it is only designed to obfuscate the real money picture which is, at this point, dismal and getting worse.

The dollar has been dropping like a rock against the commodities markets and especially against precious metals. Some will try to pooh-pooh this drop by pointing out that the dollar is holding its own against other commodities...all that really indicates is that the more active trading....Gold, Petroleum, other precious metals is affected first and foremost by the inflationary trend and it only makes sense that they should be. The other things may or may not follow but it makes no difference....the inflation is real and it is certainly much larger than the core inflation that we keep hearing about.

Food..one of the things that you are not allowed to talk about...has inflated massively in the past ten years.
Fuel....has inflated by 200 percent in the past four years...... Oh yes you will be told its supply and demand! But then you will be told that supply makes no difference! Then you will be told that despite record surplus fuel is high because it is a commodity....or it's being speculated. The real truth that the left is constantly running away from is that the dollar is no longer respected by these vendors. It has become something of a joke...we seek to pay our bills ( to include entitlements and welfare ) with the printing presses and this is what happens...other nations are not obligated to become involved in our currency woes.

So take your core inflation, roll it up and stick it in your ear. If you want to buy into that total joke g'head...do it. In the mean time in case you haven't noticed Europe has just imploded...for exactly the same reason.
 
What are you talking about? The CPI comes out including FOOD and ENERGY. They also report a core rate which excludes the volatile FOOD and ENERGY as a side report. If you don't want to see the core rate just close your eyes.
 
It does not include them in the core inflation numbers that we are constantly being barraged with....and then of course we are told that inflation is low....as if to indicate that cost and inflation are unrelated. This is a demonstrable lie.



Various indexes have been devised to measure different aspects of inflation. The CPI measures inflation as experienced by consumers in their day-to-day living expenses; the Producer Price Index (PPI) measures inflation at earlier stages of the production process; the Employment Cost Index (ECI) measures it in the labor market; the BLS International Price Program measures it for imports and exports; and the Gross Domestic Product Deflator (GDP Deflator) measures inflation experienced by both consumers themselves as well as governments and other institutions providing goods and services to consumers. Finally, there are specialized measures, such as measures of interest rates.

The "best" measure of inflation for a given application depends on the intended use of the data. The CPI is generally the best measure for adjusting payments to consumers when the intent is to allow consumers to purchase at today's prices, a market basket of goods and services equivalent to one that they could purchase in an earlier period.
 
I don't think so.....they can separate them if they want....it still shows up on the price sticker.

JO
 
justoffal said:
The inflation that the left and the administration keeps yammering about is not the real number that represents the cost of living per se. It is the stupidly complex formula that is designed to hide true costs and flatter the the government
Click to expand...

Um no... not so.
 
justoffal said:
It does not include them in the core inflation numbers that we are constantly being barraged with....and then of course we are told that inflation is low....as if to indicate that cost and inflation are unrelated. This is a demonstrable lie.



Various indexes have been devised to measure different aspects of inflation. The CPI measures inflation as experienced by consumers in their day-to-day living expenses; the Producer Price Index (PPI) measures inflation at earlier stages of the production process; the Employment Cost Index (ECI) measures it in the labor market; the BLS International Price Program measures it for imports and exports; and the Gross Domestic Product Deflator (GDP Deflator) measures inflation experienced by both consumers themselves as well as governments and other institutions providing goods and services to consumers. Finally, there are specialized measures, such as measures of interest rates.

The "best" measure of inflation for a given application depends on the intended use of the data. The CPI is generally the best measure for adjusting payments to consumers when the intent is to allow consumers to purchase at today's prices, a market basket of goods and services equivalent to one that they could purchase in an earlier period.
Click to expand...
It might be prudent to leave a damn LINK to your cuts and pastes....how would we know whether or not you're editing it? In fact, I think that's one of the rules here, isn't it?
 
justoffal said:
The inflation that the left and the administration keeps yammering about is not the real number that represents the cost of living per se. It is the stupidly complex formula that is designed to hide true costs and flatter the the government. They all do it ....they all did it. Bush, Obama....and then Clinton and Bush before him...they all used the phony numbers. Why it is so important for them to make the distinction without a difference that has to do with daily cost of living as opposed to what economists call core inflation is beyond me but I also know that I don't have to look too far to smell the Bullshixt in the mix.

While people become impoverished....find the dollar devaluing almost on a weekly basis.....and find that they are no longer able to thrive in this money system....we continue to hear about low inflation rates as if they were in any way, shape or form involved with the realities the financial struggles that people face on a daily basis. So they can take the core inflation number and shove it up where the Sun doesn't shine because it is only designed to obfuscate the real money picture which is, at this point, dismal and getting worse.

The dollar has been dropping like a rock against the commodities markets and especially against precious metals. Some will try to pooh-pooh this drop by pointing out that the dollar is holding its own against other commodities...all that really indicates is that the more active trading....Gold, Petroleum, other precious metals is affected first and foremost by the inflationary trend and it only makes sense that they should be. The other things may or may not follow but it makes no difference....the inflation is real and it is certainly much larger than the core inflation that we keep hearing about.

Food..one of the things that you are not allowed to talk about...has inflated massively in the past ten years.
Fuel....has inflated by 200 percent in the past four years...... Oh yes you will be told its supply and demand! But then you will be told that supply makes no difference! Then you will be told that despite record surplus fuel is high because it is a commodity....or it's being speculated. The real truth that the left is constantly running away from is that the dollar is no longer respected by these vendors. It has become something of a joke...we seek to pay our bills ( to include entitlements and welfare ) with the printing presses and this is what happens...other nations are not obligated to become involved in our currency woes.

So take your core inflation, roll it up and stick it in your ear. If you want to buy into that total joke g'head...do it. In the mean time in case you haven't noticed Europe has just imploded...for exactly the same reason.
Click to expand...

Is that similar to NOT adding in the cost of the wars when putting out the budget like the cons did when Bush was in office?
 
What people want to hear about is 'Final Cost " not the 101 components that lead up to the final cost. Final cost is what comes out of the wallet....not a dissected economic theory.
 
Why not? When people are being crushed by COL...why are they barraged with CPI statistics dissected to make it look like they are complaining about nothing? This does not ring true and only makes the government appear to be far more aloof than they already are.

Final cost is what people want to know about...how it got there...is meaningless really.

JO
 
I cussed, spit, pissed and shat on Bush for seven of his eight years..... I have no problem calling a spade a spade ( is that an infraction? )
 
justoffal said:
Why not? When people are being crushed by COL.
Click to expand...
No evidence that they actually are. They are being crushed by being out of work and/or by the $4Trillion in assets that the conservative economic ideology destroyed, but that's not COL

..why are they barraged with CPI statistics dissected to make it look like they are complaining about nothing?
Click to expand...
CPI data is complex because the economy is complex. And most people have a HS Diploma OR LESS. So how again are they going to draw valid conclusions about a complex economy?
 
HOW? By seeing through all of the BS desgined to hide a few simple truths. The Fed prints money, the value of money goes down per unit....unless you advocate the creation of flase wealth which is what cause the global crash in the first place. Final cost....is what maters ot people....FINAL COST....is what they live or die on. On a Final Cost analysis money has indeed inflated wildily over the past decade. There's nothing about the money system in the macro that cannot be analyzed in the micro.....to insist that the macro system pivots on a different set of principles is simply to cover for the thievery that takes place every time the printing presses roll.

Or let's look at in in a more accurate way....never mind the dollar system that is open to being played with by the propaganda hacks...

Look at Man-hours...how many man-hours are required now to keep a roof over one's head as opposed to say 1980......you will find that the amount has roughly doubled. That is true inflation....CORE inflatoin at its most intrinsic level free from the deception of the fiat system.
 
Old news but valid. This has already been brought up by liberals long ago. It was discussed in Slate and here. The dollar evaluation AND the Yuan evaluation manipulation among others, AND the move to make anything but the dollar the standard globally is a threat that is out of our hands.

It is a new age where vitality in global trade scales are based on global monetary strength and not based around one country's needs.
 
Minotaur said:
Old news but valid. This has already been brought up by liberals long ago. It was discussed in Slate and here. The dollar evaluation AND the Yuan evaluation manipulation among others, AND the move to make anything but the dollar the standard globally is a threat that is out of our hands.

It is a new age where vitality in global trade scales are based on global monetary strength and not based around one country's needs.
Click to expand...

Toooo complicated. Must keep it siiiimple.
 
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