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  1. #26
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    I don't know. When I walk into a supermarket in the mountains in January and see blueberries at 3.99 along with a huge selection of affordable, fresh produce, I wonder where this so called inflation is. Cue Louis CK with his Everything is Wonderful and Nobody is Happy.

    Let's do some livin'
    After, we die

  2. #27
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    Itís BS in the fact that economics always has a dark side. Itís the doomsday science.

    I can tell you with 100% certainty that the Hispanic economy in California is booming. The folks willing to do blue collar labor are winning right now. A lot of cash business going on too.

    30% of the California population is on medi-cal. Thatís money getting spent on the economy.

  3. #28
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    Economics is fuzzy subjective science at best.

    Quote Originally Posted by Benny Profane View Post
    When I walk into a supermarket in the mountains in January and see blueberries at 3.99 along with a huge selection of affordable, fresh produce, I wonder where this so called inflation is.
    There goes Bunny, cherry -- er blueberry -- picking again.

    The answer: NAFTA. Those blueberries likely came from S of the border.

  4. #29
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    Out of season imported fruit is usually sour.

  5. #30
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    Quote Originally Posted by Buster Highmen View Post
    OK, for those thinking or believing that the article is BS, consider which has less BS: that article or the "official numbers".

    Yeah, so it's all bullshit and not relevant to any particular experience, but really, how much cred do the "official numbers" have?
    Buster - in case I was unclear, I was the lead analyst for several reports for a federal statistical agency for many years. The methodology undertaken by BLS, BEA, and their counterparts is reputable, trustworthy, and available to the public. These agencies are conservative and detail-oriented in their work.

    Last I saw, the million price project estimates suggest that official measures of inflation are actually overstated.

  6. #31
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    I watched the Powell press. Nothing said or asked about looming deficits. I guess they donít matter

  7. #32
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    Quote Originally Posted by GeezerSteve View Post
    Economics is fuzzy subjective science at best.

    There goes Bunny, cherry -- er blueberry -- picking again.

    The answer: NAFTA. Those blueberries likely came from S of the border.
    So what? And cheap cars come from Korea and clothes from Vietnam. What's wrong with that? It's why there's outright deflation in various goods we buy everyday. Many point to computers and the internet for internationalizing markets, but ease of shipping has contributed more. Fine with me. I eat better than a nobleman from the ninteeth century.

    Let's do some livin'
    After, we die

  8. #33
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    Quote Originally Posted by 4matic View Post
    I watched the Powell press. Nothing said or asked about looming deficits. I guess they donít matter
    Because he knows that, as long as we're the world's reserve currency, we can print our way out of any so called deficit issue.

    Let's do some livin'
    After, we die

  9. #34
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    that's not true

  10. #35
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    Quote Originally Posted by Sirshredalot View Post
    Buster - in case I was unclear, I was the lead analyst for several reports for a federal statistical agency for many years. The methodology undertaken by BLS, BEA, and their counterparts is reputable, trustworthy, and available to the public. These agencies are conservative and detail-oriented in their work.

    Last I saw, the million price project estimates suggest that official measures of inflation are actually overstated.
    I don't doubt that, given the definitions, they are adhered to by the feds. I'm trying to point out the following regarding those definitions:

    >>>>>
    The "Official Numbers" are bullshit for people living in rural areas.
    In the Consumer Price Index (CPI) for example:
    " People not included in the report are non-metro or rural populations, farm families, armed forces, people serving in prison and those in mental hospitals. "

    In January 2012, the Federal Reserve declared it would rather use the PCE (Personal Consumption Expenditures) index than CPI since PCE provided inflation trends that are less affected by short-term price changes. The PCE does include housing prices:
    https://fred.stlouisfed.org/series/DHUTRC1Q027SBEA .


    But the PCE does not include gasoline or food:
    The "core" PCE price index is defined as personal consumption expenditures (PCE) prices excluding food and energy prices.

    Wage growth is far behind inflation and has been for some time, even in urban areas:
    https://www.glassdoor.com/research/a...ith-inflation/

    Rural areas are feeling the financial crunch more than ever. I don't know what the suicide rate breakdown is across urban versus rural areas, but at least in the above charts, those states with the highest suicide rates have few multimillion population urban areas.

    While the CPI does include food and energy costs, the other "official number", Core Inflation does not.

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  11. #36
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    Quote Originally Posted by liv2ski View Post
    Oooops, sorry for posting this in the padded room. Mods feel free to move it.
    Please donít.

    Just stop arguing drumpf vs o bummer. They all suck.


    But, the op is right. Been a fan of shadowstats for a looong time.
    Itís true, your government lies.
    Itís true trump was for real economics before he was against real economics.

    Inflation and unemployment are fudged.

    But also check money supply. M1, M2, M3

    Lies, lies and more damned lies

    Ps, trump was also against the budget deficit before he was for it.

    The more interesting question is what happens when the dollar is no longer the world reserve currency and we can no longer export our inflation.
    What??

  12. #37
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    Quote Originally Posted by DBdude View Post
    that's not true
    Where have you been for the last decade?
    How do you think we bailed out the banks?

    Let's do some livin'
    After, we die

  13. #38
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    Quote Originally Posted by Core Shot View Post
    The more interesting question is what happens when the dollar is no longer the world reserve currency and we can no longer export our inflation.
    This has me worried, as I think that day is getting closer and closer with Dump pissing off our allies and China exerting her influence.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  14. #39
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    Reserve currency is a blessing and curse. Itís largely a banking function. Thatís why we need the Yuen to also act as reserve.

  15. #40
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    what I mean is that we can't continue to issue to debt and have the Fed buy it. as you allude to the impending issues we are going to have to fund mediicaide medicare ssn and service our debt. what the fed did during the crisis was justifiable. our current spending with the tax cuts is not justifiable.

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