the jobs numbers were big surprise

Quote from dandxg:

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Don't get me wrong though, the US is still one of the best countries in the world to live in. ...
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Perhaps, but moving lower on the list all the time.
 
I noticed that they also added another 11,000 financials jobs last month, too in the birth/death adjustment. thats now over 30,000 totally false jobs added via the adjustment.

if they haven't noticed, manufacturing, construction and finance sectors are laying off people, and smaller businesses are shutting down.
 
I'm sorry, but unless you are buying computers or autos, inflation is nowhere near 2%. I've read numbers like 10 or 12%, but I think that is too high. I'd bet its at least 6 or 7% on average, though.
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1. then show me a better indicator than CPI, which supports 6-7% inflation
2. CPI has been criticized for overstating inflation
3. the year/year change in core CPI is seen by most economists as the best measure of the underlying inflation rate = ~2%
 
To learn something new. I'd like to know why this time they didn't "cook up" the unemployment numbers?????
Sometimes they "cook up" the numbers sometimes they don't? Why??Thank you.
 
Quote from Cesko:

To learn something new. I'd like to know why this time they didn't "cook up" the unemployment numbers?????
Sometimes they "cook up" the numbers sometimes they don't? Why??Thank you.
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Somebody needs a rate cut perhaps?
 
I have bought and upgrade computer roughly every 2 years for past 10years. I have bought gas for my truck in every 3 days and a bag of 4 liter milk every month during the same period of time.

The inflation was not 2% year over year. I wish it is true; but i can't.
 
computer costs are deflating, fwiw, not inflating

compare the cost of a 2 meg ram computer with a 17" monitor and a comparable processor now vs. 2 years ago.

duh

of course, this is true with many forms of technology. but the fact that you are upgrading computers does not mean that computer prices are inflating

they, obviously are not

my first computer it cost me several hundred dollars to buy 64k of ram for pete's sake.
 
I have bought and upgrade computer roughly every 2 years for past 10years.
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Quote from whitster:

computer costs are deflating, fwiw, not inflating
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That is my point; We use computers to do job; it cost us roughly the same every time we have deiced to upgrade; no more than $3000 in every 2 years.

On the other hand; the gas; we have to deal with it in almost daily basis; which has greater impact to our company's bottom line;

And someone have the audacity to claim that cost of computer can push down inflation.
 
Quote from alex7:

1. then show me a better indicator than CPI, which supports 6-7% inflation
2. CPI has been criticized for overstating inflation
3. the year/year change in core CPI is seen by most economists as the best measure of the underlying inflation rate = ~2%
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I see the things I need to pay regularly, and most of them are way up, examples:

Airfare is way up
College Tuition is way up
Rents are up
Gas is way up
Food is way up
I rarely buy clothes, don't know, assume low
Restaurants are up
Utilility way up
I rarely buy computers, don't know, assume low
Real Estate taxes way up

try looking for shadow statistics on google. they have a comparison to what the numbers are as reported now vs what they would be if calculated the way they were before heudonics

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