What? Additionally, I don't watch or listen to either of the four people in the list you provided. But money is a much better indicator of what is successful (and what the people are looking for) than some degree from a liberal university that only teaches one viewpoint.
Lately, there has been much anguished consternation, especially among the tenured US economics professors (primarily those who make 6-digits or more per year) and of course, the Federal Reserve where as we revealed last week, at least 113 government workers make $250,000 (excluding bonuses) and thus all are confined within the cozy cocoon of America's "1%ers", about the so-called complete disappearance and collapse in inflation. So to help these ivory tower-confined individuals in their holy grail to rediscover the inflation that is more than felt by the rest of America, here are two simple charts. And some observations of how this "non-existant" inflation is impacting the lives of ordinary people, those whose net worth does not rise by the same percentage as the Fed's balance sheet, and thus the S&P500, and are crushed by the inequality with the Fed's Chairmanwoman is so vocally concerned about. But how is it that food inflation of over 20% in some cases is so crushing to ordinary Americans and yet the people who are tasked to isolate and remedy precisely such problems are completely oblivious to its impact? The answer is simple: "Janet Yellen, the No. 2 at the Fed's Board of Governors, and her husband—Nobel Prize-winning economist George Akerlof —had assets such as stocks, bond-fund shares and bank accounts valued at roughly $4.8 million to $13.2 million in 2012, according to financial disclosures released by the Fed on Tuesday." QE4, er D
Doesn't matter. It's inflation. And all with wages dropping. None of this "53 year low" crap. Oh, and what was that you like to say about ad hom attacks, and all? Don't see me calling you "Prickter" or "Rectum" or any number of 5 year old names I could make up for you Haha...so much fun to wind you up! edit: lmao
Again (and again, and again) this thread never claimed there was no inflation, only that the rate of inflation was at a 53 year low. And it's still low.
Again (and again, and again) the reported rate of inflation is low (not at 53 year lows) but it's been adjusted over the decades through the sketchy use of hedonics. Additionally, with wages stagnant to declining, rising cost of foodstuffs gives more pain at the grocery store than ever. Let them eat cake, right, Ricter? 'Cept with the prices on Milk, Butter and Eggs, Cake might be too expensive for the masses this time around! I know, let them eat Powdered Milk and Cornflakes!
No one of any consquence, certainly no one in a decision making role, thinks inflation is much different, if at all different, from what is officially reported. An online measure, billion prices project, moves in lockstep with official reports, yet it is an independent measure. Even business, which really has a stake in calculating it correctly, is forecasting low inflation to continue. Stagnating wages, amidst record profits and rising productivity, are a distribution/ownership issue.
No one of any consequence, certainly no one in a decision making role thought ebola would come here either. Oh, and here are world growth expectations from "anyone of consequence, certainly those in a decision making role" with their forecasting ability. One of the more funny charts I have, and I've got a million of 'em. Wanna see those from the Fed or the Obama Administration? They're just as entertaining! As for what is causing wage stagnation/deflation, who cares? What matters in this discussion is that it is stagnating/deflating, with prices rising. Even if prices rise moderately, the pain still increases. And that's the relevant part.
"As for what is causing wage stagnation/deflation, who cares?" The people who want to do something about the problem.