Tuesday, May 3, 2011


I'm off the rest of the week.


Bud said...

And the reason the CPI is losing credibility is that, as economist John Williams tirelessly points out, it’s a bogus index. The way inflation is calculated by the Bureau of Labor Statistics has been “improved” 24 times since 1978. If the old methods were still used, the CPI would actually be 10 percent. Yes, folks, double-digit inflation is back. Pretty soon you’ll be able to figure out the real inflation rate just by moving the decimal point in the core CPI one place to the right.


Bunkerman said...

sheesh, they corrected many errors, such as the one that assumed one bought a house every month.

Hmmm if there is so much inflation, why is all my insurance costing less (auto, house, umbrella liab.) - by about 7% less.