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

[jem]

Quote from Ricter:

And it's true. Despite the growth of the monetary base, consumer prices are stagnant.

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?

 

[Ricter]

Quote from 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?

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/

 

[jem]

Quote from 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/

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.

 

[bigarrow]

Quote from 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.

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.

 

[Tsing Tao]

Quote from 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/

This is an excellent alternative to government inflation stats. So is shadowstats. Both give a much better impression.

 

[jem]

Quote from bigarrow:

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.

exactly.