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#1 |
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Full time employment: Posting here.
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CPI, bald faced lies
I haven't located all the monthly details yet, but it's time for citizens to file a Class Action suit. If anyone out there doesn't think the numbers are a lie, you have to be brain dead.
Gas down 2% for the month, commodities down, medical care up 0.1%.....what a joke. |
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#2 |
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Whatever they are smoking, I want some.
Prices unchanged? If private companies cooked their books like this, their executives would be in prison.
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FIRE Clock: 11:26 PM. FIREd at midnight but very subject to change.... waiting for the government to privatize the gains and socialize my losses in my 401K... |
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#3 | |
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Full time employment: Posting here.
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Quote:
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You only live once... |
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#4 |
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Thinks s/he gets paid by the post
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in their dreams, maybe...
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Freebird Go placidly among the noise and haste and remember what peace there may be in silence. As far as possible without surrender be on good terms with all persons. Speak your truth quietly and clearly; and listen to others, even the dull and ignorant; they too have their story. |
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#5 |
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Thinks s/he gets paid by the post
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Its one month of numbers big deal. Put away the tin foil hats.
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Call the troops out in a hurry. This is what we've waited for. This is it boys, this is war. |
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#6 |
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Give me a museum and I'll fill it. (Picasso)
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Its not a lie. The metric simply records price changes for a particular budget and type of person. That many ER's probably dont equate to.
I'd bet that for the average urban worker that rents an apartment, takes the train and doesnt pay for health care, its spot on.
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Many an optimist has become rich by buying out a pessimist |
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#7 |
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Full time employment: Posting here.
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#8 |
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What I don't get is that TIPS are rallying today. They should be selling off viciously as people who hold them realize what a scam it is and sell.
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FIRE Clock: 11:26 PM. FIREd at midnight but very subject to change.... waiting for the government to privatize the gains and socialize my losses in my 401K... |
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#9 | |
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Oh, I see you excuded health care, I guess it's free! |
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#10 | |
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As far as Wall Street, did you watch Bear Sterns this morning. Up $10 on the news is was about to go under (who the hell was buying on that news), then down 50%. The koolaide drinking is out of control. |
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#11 | |
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Quote:
US Gas Prices.bmp
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You only live once... Last edited by Midpack; 03-14-2008 at 09:53 AM. |
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#12 | |
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Give me a museum and I'll fill it. (Picasso)
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Quote:
Even in the CPI-E (elderly) health care costs are presumed to be absorbed somewhat by medicare, but it does account for increased out of pocket expenses due to age. Unfortunately, theres no CPI-ER where the primary cost is health care, followed by food, energy, travel and toys. My frickin toy budget skyrocketed 498% in the last month.
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Many an optimist has become rich by buying out a pessimist |
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#13 | |
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Quote:
What they really need is a CPI-MC for the middle class, one that reflects a typical budget and recognizes that when prices of the essentials is very high, discretionary "stuff" is weighted less to account for the fact that fewer people can afford it.
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FIRE Clock: 11:26 PM. FIREd at midnight but very subject to change.... waiting for the government to privatize the gains and socialize my losses in my 401K... |
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#14 |
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I'll get you some better percentages later...
For my CPI-P: Health care is down against last month but up 10% over last year Gas is down and trending down faster (employing new driving style) Food is up horribly but that's from moving the hedonic scale up (eating out multiple times a week) Energy is even It's not like the calculation for CPI is a mystery. And, it's based on polling real people. Do you think they're putting some ringers in the mix? Maybe you don't like their component weighting? I didn't look hard, but this doc shows the weighting by category: http://www.bls.gov/cpi/cpiri2006.pdf |
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#15 | |
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Quote:
I'm a little fired up about this, so I might be missing something but it looks like gas was up 18% in the last year by your example. Yet CPI is less than 4% year over year? We can all pick and choose and play games with numbers. |
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#16 |
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Why be fired up about it. We know they exclude certain things its not like they change the parameters every month. Keep track of your own inflation rate.
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Call the troops out in a hurry. This is what we've waited for. This is it boys, this is war. |
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#17 |
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But they claim that the OVERALL rate (which includes food and energy) is also unchanged. If you only said the "core" rate was unchanged, I could believe it. But you can't drive to w*rk or eat the core rate.
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FIRE Clock: 11:26 PM. FIREd at midnight but very subject to change.... waiting for the government to privatize the gains and socialize my losses in my 401K... |
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#18 |
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They are stealing from us through COLA's. Even the standard deduction on our taxes.
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#19 |
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Recycles dryer sheets
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Midpack, do you think the CPI accurately reflects the real cost-of-living for the average American?
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Privatize the profits, socialize the losses. |
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#20 | |
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Quote:
Why is it so hard to believe for 1 month it was unchanged?
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Call the troops out in a hurry. This is what we've waited for. This is it boys, this is war. |
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