Inflation at 53-year low as QE money printing rages unabated!

Discussion in 'Politics' started by Ricter, Jun 12, 2013.

  1. Lucrum

    Lucrum

    Says the guy who claims to have gotten laid on the beaches of Orlando.
     
    #31     Sep 25, 2013
  2. Tsing Tao

    Tsing Tao

    You could easily be talking about yourself here, since you don't accept anything that doesn't jive with your worldview at all.

    As for me, when data is "revised" or "adjusted" to lower it (speaking of inflation) which the BLS has done, calling it "manipulated" isn't exactly a stretch.
     
    #32     Sep 26, 2013
  3. Tsing Tao

    Tsing Tao

     
    #33     Sep 26, 2013
  4. Tsing Tao

    Tsing Tao

    #34     Sep 26, 2013
  5. Ricter

    Ricter

    So let's look at gasoline. You're in Florida, right? What city?
     
    #35     Sep 26, 2013
  6. Tsing Tao

    Tsing Tao

    Tampa.

    We can look at gas prices, sure. I get to pick the next item after we're done (since we're arbitrarily focusing on stuff).
     
    #36     Sep 26, 2013
  7. Ricter

    Ricter

    It's not an arbitrary choice, gas and food are the two big, volatile items taken out for one inflation measure. Gasoline is important enough that you, when it spikes, jump on it, (and, strangely, remain silent when it's not spiking). ; )

    Edit: well, energy is taken out.
     
    #37     Sep 26, 2013
  8. Tsing Tao

    Tsing Tao

    I remain silent on gas when it's not spiking because there's nothing of note to say. Duh.

    Here is a ten year chart of gasoline prices in Tampa. What about it would you like to discuss. It is up ~250%.

    [​IMG]
     
    #38     Sep 26, 2013
  9. Ricter

    Ricter

    First, I'd like to mention that the inflation reports, two years running, have been reporting tame inflation. The chart confirms that. Second, to the guy who "wants to puke" when he hears about deflation... does he want to puke when gas falls (deflates) sharply? The chart shows significant episodes of deflation.
     
    #39     Sep 26, 2013
  10. Tsing Tao

    Tsing Tao

    It's nice that "two years running" the "inflation reports" are reporting tame inflation. But that isn't related to what I said - which was that the data being reported isn't in line with reality because of adjustments, hedonics and the like, which have occurred over time.

    I don't understand the second question you had - to the guy who wants to puke when he hears about deflation. Who wants to puke when he hears about deflation? Bernanke?
     
    #40     Sep 26, 2013