Real Inflation Rate vs. fake lies CPI

[Mayo]

Quote from ratboy88:

ok.. so now you are not talking constants.... he addressed this and called it "cost or survival", bottomline it is manipulation. but as he points out real CPI is 8%.

there is no such thing as a constant in a dynamic economy like the US

besides if the CPI is that grossly understated why would the fed even bother formulating their interest rate on it?

furthermore, there is simply no justification for real interest rates to be at 10%.

Wages hasn't gone up, nor has production cost or is the economy currently experiencing any recession.

 

[ratboy88]

Quote from mhashe:

if not higher.

oh.. no doubt... i am just referring to the article's measure. real inflation now??? including gas, medical insurance and beef prices? i am curious what others would guess.

 

[ratboy88]

Quote from Mayo:

there is no such thing as a constant in a dynamic economy like the US

besides if the CPI is that grossly understated why would the fed even bother formulating their interest rate on it?

furthermore, there is simply no justification for real interest rates to be at 10%.

Wages hasn't gone up, nor has production cost.

cause they use the CPI numbers to adjust social security checks payments.

not to mention keeping interest rates low by chance?

 

[ratboy88]

Quote from Mayo:

there is no such thing as a constant in a dynamic economy like the US........

let me guess... straight out of college??? econ major? LOL LOL
i have plenty of constants.... gas... food... medical insurance.... just about everything.... guess i am not "dynamic".

dont hand me this "increase in computer ram" argument. geez

 

[Mayo]

Quote from ratboy88:

cause they use the CPI numbers to adjust social security checks.

the federal bank is a completely seperate entity from the government

 

[Mayo]

Quote from ratboy88:

let me guess... straight out of college??? econ major? LOL LOL
i have plenty of constants.... gas... food... medical insurance.... just about everything.... guess i am not "dynamic".

dont hand me this "increase in computer ram" argument. geez

and how are those constant?

gas and food and insurance are all dynamic and can go up and down in the matter of days...
just look at the recent gas prices...

 

[ratboy88]

Quote from Mayo:

the federal bank is a completely seperate entity from the government

duh... and it is a private bank... whats your point?

 

[Mayo]

Quote from ratboy88:

duh... and it is a private bank... whats your point?

federal bank does not operate under the pressure of the government
so your argument of the feds doctoring the inflation rates to reduce social security payments is simply untrue

 

[ratboy88]

Quote from Mayo:

and how are those constant?

gas and food and insurance are all dynamic and can go up and down in the matter of days...
just look at the recent gas prices...

ok... you obviously have not read the article we are all referring to.... go read it and learn what the author means by constant... you are now wasting my time.

 

[ratboy88]

Quote from Mayo:

federal bank does not operate under the pressure of the government
so your argument of the feds doctoring the inflation rates to reduce social security payments is simply untrue

it is not a federal bank you idiot... i take back what i said... you obviously did not go to college.