What's wrong with this picture

Discussion in 'Economics' started by The Kin2, Aug 15, 2007.

  1. Lets keep things civil or this thread's gotta get bounced over to chit-chat.
     
    #11     Aug 17, 2007
  2. Haven't you seen Trading Places? C'mon....
     
    #12     Aug 17, 2007
  3. mkmps

    mkmps

    all those things you listed above come from good oldfarmland :) best investment in the next 10 years.
     
    #13     Aug 17, 2007
  4. The same thing is happening in Australia. I dont know what the US does but here they use all sorts of tricks like 'food substitution' and weighting stats (for their benefit, both ways) done recently when a cyclone destroyed the banana crop and prices shot up.

    Food substitution is like if the price of beef roast rises the people will eat ground beef (or kangaroo) the cheaper alternative etc.

    No time to go into it but inflation is out of control here and the CPI does not reflect it. Although it is at the high end of the Aussie feds comfort zone :D
     
    #14     Aug 17, 2007
  5. sprstpd

    sprstpd

    Has already been proven:

    http://www.shadowstats.com/cgi-bin/sgs?

    Maybe you are the one in need of growing up and being educated.
     
    #15     Aug 17, 2007
  6. Joe sixpack has his own CPI and his own definition of inflation. The govt CPI is psychological, joe sixpack is real money.
     
    #16     Aug 17, 2007