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Covertibility
Registered: Aug 2003
Posts: 3851 |
04-12-12 12:39 PM
And feral children roam America.
If ya want to know who some of the lunatics are that may (or most definitely) use shadowstats, just watch the show Doomsday Preppers on National Geographic Channel. It is remarkable these types of people exist. and ya know who they vote for
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failed_trad3r
Registered: Oct 2009
Posts: 1609 |
04-12-12 02:42 PM
Shadowstats is curve fitted stats. For example real unemployment is 16%, but we dont have numbers for real unemployment 100 years ago. Those numbers were also faked.
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maler
Registered: Sep 2009
Posts: 94 |
04-12-12 09:59 PM
The basket of goods defining the relevant rate of inflation is
different for different people.
The Shadowstats inflation is typical for an average Joe's expenses.
In that sense your graph is more of a standard of living graph
for the working stiff.
Sure, if your basket of expenses is mostly interest paid on a loan
you took in dollars to purchase a gold mine in South Africa,
one could argue that your inflation rate is actually negative.
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clacy
Registered: Sep 2006
Posts: 2383 |
04-12-12 11:21 PM
You have to take Shadowstats with a grain of salt. However, you probably should take the Fed's data with a grain of salt as well. Maybe the best thing to do would be to take shadowstats + Fed/2 to give you a more realistic average
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denner
Registered: Aug 2010
Posts: 3266 |
04-12-12 11:56 PM
Quote from clacy:
You have to take Shadowstats with a grain of salt. However, you probably should take the Fed's data with a grain of salt as well. Maybe the best thing to do would be to take shadowstats + Fed/2 to give you a more realistic average
Or just keep a bunch of receipts over a 20 year period and create your own inflation index.
Basically everything in this country has been politicized. It's becoming near impossible to find any objective reporting, statistics, news, etc...
Part of the divide and conquer.
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piezoe
Registered: Jan 2006
Posts: 4922 |
04-13-12 06:03 AM
I find the shadow stats numbers, which are calculated using the government methods of prior years, to be more accurate than the numbers the government uses now, where accuracy is defined as nearness to truth. It is absurd to report core inflation in the common media as this is a measure mainly of use to the Fed and has little relevance to everyday life. Headline inflation should be reported instead, and even that underestimate the inflation that most experience by a couple percent...
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