I don't know, but as I recall their methodology is at least outlined on the website. Food is in fact up sharply, because demand is relentless and steadily growing, while supply has been hit hard lately. (If the trend in honeybee deaths continues I would expect food prices to rise still more.)
Its cool seeing a smart wall street guy clearly state what many of us non lefties have been saying for years. I love how he says I not trying to blame the FED because they saved us... soft of... but then again it is their fault for the low interest rates prior.
you write as if greenspan or bernanke are not the puppet spokespeople for the shareholders who own the regional federal reserve banks. You should be analyzing this as a theatre critic not someone who thinks Greenspan was pulling on the levers of power. The levers were pushed on him. Greenspan didn't mess up because of this philosophy. Greenspan was paid to allow wall street to make billions plus big bonuses by wrapping up increasingly risky loans as solid investments. They were selling premium and the Fed did what it could to be as irresponsible as possible as long as possible. Bernanke and Yellen are also just paid spokespeople. They are media figure heads like Baghdad Bob with a banking background. The owners of the FED know what the Fed is going to do ahead of time because they tell them what to do. Zero interest rates is their current trick to try and keep the party going. Ichan bus image is perfect. Yellen is being paid to push the bus with Fink. She is not going to stop pushing until Fink and the corny owners of the regional fed banks say so.
No, you have it backwards. Investors 'chase' returns because they can't get a decent return on short term risk free money. That's what causes them to chase, dumby. .
Money is the result of production. It's what profits from production are retained in until it is either reinvested or used for consumption. Then along comes a marxist with a better idea. Why not just give away money for free or create it out of thin air? That way there will be a lot more consumption. Of course they never consider that people will grow tired of accumulating money the original way, by obtaining it from working and producing. Why would you work for money when they're giving it away for free elsewhere? And thus an anemic economy is born. Why work.