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

[Lucrum]

Quote from Ricter:

All data which contradicts your worldview is faked.

Says the guy who claims to have gotten laid on the beaches of Orlando.

 

[Tsing Tao]

Quote from Ricter:

All data which contradicts your worldview is faked.

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.

 

[Tsing Tao]

Quote from denner:

If/when the idiot is truly desperate, a Krugman "cut and paste" will do the job.

 

[Tsing Tao]

Quote from Lucrum:

Census: State and Local Income, Sales, Motor Fuel, Motor Vehicle, and Alcoholic Beverage Taxes Hit All-Time Highs in 2nd Quarter



- See more at: http://cnsnews.com/news/article/ter...r-fuel-motor-vehicle-and#sthash.uQOwPz83.dpuf


It's a good thing taxes don't count toward inflation. Do they?

 

[Ricter]

Quote from 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.

So let's look at gasoline. You're in Florida, right? What city?

 

[Tsing Tao]

Quote from Ricter:

So let's look at gasoline. You're in Florida, right? What city?

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).

 

[Ricter]

Quote from 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).

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.

 

[Tsing Tao]

Quote from 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.

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%.

 

[Ricter]

Quote from 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%.

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.

 

[Tsing Tao]

Quote from 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.

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?