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

[Ricter]

No, it was someone who replied to you earlier.

Of course the cost of gasoline is only part of the story...

U.S. household expenditures for gasoline account for nearly 4% of pretax income
February 4, 2013

<img src="http://www.eia.gov/todayinenergy/images/2013.02.04/gasoline.png">

http://www.eia.gov/todayinenergy/detail.cfm?id=9831

"But that just means Americans are driving less!" Well, they are, thanks to the internet, but there is also...

Table 4-23: Average Fuel Efficiency of U.S. Light Duty Vehicles
http://www.rita.dot.gov/bts/sites/r...ansportation_statistics/html/table_04_23.html

 

[Tsing Tao]

Ah, the guy who wanted to puke was Redduke, the same guy you're siding with in the other thread.

As for the rest of your data, what does this have to do with our discussion regarding how the data being presented for inflation does not jive with actual data because of adjustments/hedonics, etc.? You don't seem to want to answer that.

 

[Ricter]

Quote from Tsing Tao:

Ah, the guy who wanted to puke was Redduke, the same guy you're siding with in the other thread.

As for the rest of your data, what does this have to do with our discussion regarding how the data being presented for inflation does not jive with actual data because of adjustments/hedonics, etc.? You don't seem to want to answer that.

I'm not answering it because you don't have "actual data", you have (at best) data that you want to believe. Furthermore, the impact of inflation is what's important, anyway.

 

[Tsing Tao]

Quote from Ricter:

I'm not answering it because you don't have "actual data", you have (at best) data that you want to believe. Furthermore, the impact of inflation is what's important, anyway.

Oh, sorry. I didn't post my charts because I was under the impression that the first twenty or thirty times I had referenced them in various threads, would be enough. But here we go again, for old time's sake.

As a reminder, the 1990's based alternate is if the BLS calculated the CPI the same way today that they had in 1990. The 1980's one, the same as in 1980.

You can read more here:

http://www.shadowstats.com/alternate_data/inflation-charts

 

[Ricter]

Shadowstats has "been discredited". If inflation were actually that high you would be hearing about it from the general public, whose perception of inflation (while inflated, heh) is still lower than shadowstats.

 

[Tsing Tao]

Quote from Ricter:

Shadowstats has "been discredited".

It was? By whom? Where?

Quote from Ricter:

All data which contradicts your worldview is faked.

 

[Ricter]

Quote from Tsing Tao:

It was? By whom? Where?

https://duckduckgo.com/?q=shadowstats+debunked

 

[Tsing Tao]

Quote from Ricter:

https://duckduckgo.com/?q=shadowstats+debunked

https://duckduckgo.com/?q=government+underestimates+inflation

See how easy that is?

Doesn't necessarily prove shit.

 

[Ricter]

Quote from Tsing Tao:

https://duckduckgo.com/?q=government+underestimates+inflation

See how easy that is?

Doesn't necessarily prove shit.

You're the one who asked.

[Appeal to authority] doesn't necessarily prove but, "that's the way to bet".

Let's move on to the other volatile item omitted from core CPI, food...

 

[Tsing Tao]

Quote from Ricter:

You're the one who asked.

[Appeal to authority] doesn't necessarily prove but, "that's the way to bet".

Let's move on to the other volatile item omitted from core CPI, food...

I'm ok with moving to food, but you can't say Shadowstats was "discredited" just because a few bloggers online think that Shadowstats isn't a good indicator. If "that was the way to bet" just by google (or duckduck) responses, then the government also lies about CPI.