Fed admits they are largely responsible for inflated asset/commodity prices.

Discussion in 'Politics' started by Max E., Jul 12, 2012.

  1. jem

    jem

    have you been to the grocery store or fast food place.
    kids shoes
    kids clothes
    have you purchased anything at costco other than a tv or computer?
     
    #41     Jul 13, 2012
  2. Ricter

    Ricter

    You're asking the wrong guy, I never look at prices and I don't feel any kind of pinch. I did notice gasoline had gone down, though.

    Anyway, data is better than feelings, so I use this, for one source:

    http://bpp.mit.edu/usa/
     
    #42     Jul 13, 2012
  3. jem

    jem

    good for you.

    My business is designed to do well in a down economy, so I am killing it too.


    But this is about facts you said prices have remained stable...

    I would like to know what prices you are talking about... because I see prices going up all the time in consumer items.
     
    #43     Jul 13, 2012
  4. You're right prices have shot way up. I'm in construction and jobs that went for 7 grand ten years ago are going for 20 grand today. It's crazy to me how the inflation reports show not much inflation when in the real world it's a different story. I buy my own groceries and just a few years ago 100 buck was a full basket. Now it's three or four small plastic bags. I don't know how some are making it.
     
    #44     Jul 13, 2012
  5. Tsing Tao

    Tsing Tao

    This is an excellent alternative to government inflation stats. So is shadowstats. Both give a much better impression.
     
    #45     Jul 13, 2012
  6. jem

    jem

    exactly.
     
    #46     Jul 13, 2012