cpi shows inflation over 9% using 1980 methodology

greensdale: 4 days ago

Jason10006 = Peter Schiff

http://www.evita.com/2013/04/jason10006-is-wrong-about-everything.html

jason10006: 4 days ago

Peter Schiff is Wrong About Everything

http://www.etvita.com/2013/04/peter-schiff-is-wrong-about-everything.html

jason10006: 4 days ago

"...I checked, and re-checked, and triple-checked, and I can confirm that it’s not 1979 anymore.

Now, that shouldn’t be too surprising — I’m not writing this on an Apple II, after all — but it is to a generation of men (and yes, they are all men) who think stagflation is always and everywhere a looming phenomenon. No matter how low inflation goes, they see portents of Weimar. But that neverending 70s show isn’t just a phobia of rising prices. It’s the idea that the solution to economic pain is more pain. In other words, Volcker-worship..."

http://www.theatlantic.com/business/archive/2013/05/this-is-the-biggest-mistake-60-year-old-men-make-about-the-economy/275954/

greensdale: 8 days ago

>Work harder, nobody likes a slacker.

You see, I never actually believed you moved to Williamsburg.

aboutready: 8 days ago

Riversider was overheard muttering something of the sort last year at fairway.

GD, you're awfully witless these days, your not-so-pithy one-liners and all. Work harder, nobody likes a slacker.

greensdale: 8 days ago

>I'm on a fixed income and my housing costs are relatively set and I'm a lonely old fart without kids and I have Medicare so I'd like to see some deflation.

aboutready, are you sure?

aboutready: 8 days ago

Lower prices for cream cheese please. I'm on a fixed income and my housing costs are relatively set and I'm a lonely old fart without kids and I have Medicare so I'd like to see some deflation.

jason10006: 8 days ago

"Surprise! Inflation is too low almost everywhere on earth...

...That was the astoundingly consistent theme out of a range of data released Thursday. Prices rose 1.1 percent over the 12 months that ended in April in Germany, 0.8 percent in France and 1.3 percent in Italy. In the United States, the consumer price index rose 1.1 percent over the last year. Japan reported surprisingly strong first-quarter growth this week as its aggressive new stimulus policies took effect, but that came against a backdrop of continued falling prices; its consumer price index fell 0.9 percent in the year that ended in March..."

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/16/surprise-inflation-is-too-low-almost-everywhere-on-earth/

jason10006: 8 days ago

"
...WASHINGTON—Inflation in the U.S. has slowed to a level where prices are barely growing at all, a shift that affects consumers, Wall Street and the future of the economic recovery...

...Excluding volatile energy and food products, consumer prices rose by only 0.1% in April, the Labor Department said Wednesday. The same minuscule gain was seen in March. In the past 12 months, core prices have risen 1.7%, the lowest annual rate since June 2011. With food and fuel included, prices dropped 0.4% in April..."

http://online.wsj.com/article/SB10001424127887323582904578486762538623592.html?mod=WSJ_hp_LEFTWhatsNewsCollection

jason10006: about 3 weeks ago

It tastes like burning.

http://krugman.blogs.nytimes.com/2013/04/29/inflation-nation-not/

jason10006: about 5 weeks ago

"DEFLATION: Consumer Prices Unexpectedly Fall 0.2%"

http://www.businessinsider.com/consumer-price-index-march-2013-4

SOMEDAY before we all day Riversider will be correct...somewhere on Earth.

greensdale: about 7 weeks ago

I'm your boss Jason.

jason10006: about 7 weeks ago

Oh, I thought maybe you worked at a Wall Street firm and they were making a committee. you never know who works where on these boards.

greensdale: about 7 weeks ago

This thread was started 2 years ago. Any update on more recent inflation rates using 80s methodology?

Riversider: about 7 weeks ago

No , just a 20 minute phone survey on past purchases..
But it is ironic..

jason10006: about 7 weeks ago

Maybe then after 800 posts you will finally get your 9% CPI! Have fun, RS. Is it a committee or what?

alanhart: about 7 weeks ago

Put your tinfoil hat back on.

Riversider: about 7 weeks ago

Well I just got contacted by the U.S. Dept of Labor asking for help in updating the consumer price index....

Riversider: about 8 weeks ago

Actually George W and ethanol are partially responsible.

http://www.bloomberg.com/news/2013-03-21/gasoline-price-inflated-by-ethanol-in-oil-boom-energy-markets.html

Even as the U.S. produces more oil than at any time since 1992, gasoline remains a dollar higher than the average for the past decade in part because of George W. Bush-era rules that attach a 38-digit Renewable Identification Number to every gallon of ethanol.

Bush’s mandate predated a boom in oil and gas production that has helped the U.S. meet 84 percent of its energy needs in the first 11 months of last year, government data show, the most since 1991. Since its passage in 2007, annual gasoline demand has dropped 6.3 percent, while U.S. output has soared 28 percent, making compliance by refiners more expensive and eclipsing any benefit from replacing hydrocarbon-based fuel

renterjoey: about 8 weeks ago

come on let's give credit to Bernanke. After all since his quantitative easing interest rates have remained very low. Money has found it's way into the stock market and home prices are higher for the most part. Even gasoline and oil prices are heading to record highs but we can't blame that on printing of money. Bernanke will soon tell us that has to do with some kind of refinery problem. Consumer spending is up and consumer savings is down. Okay so consumers can't afford to save as much or eat out as much but that probably has more to do with the quality of food going downhill

dwell: about 8 weeks ago

Fukushima oysters give ya a radiant glow

jason10006: about 8 weeks ago

Bloomberg
“Why Global Economies Face an Age of Deflation,” by Gary Shilling, March 20, 2013.
http://bloom.bg/Y05dZ1

jason10006: about 11 weeks ago

WRONG. From the SAME survey they refers to:

"Question B: The distortionary costs of raising the federal minimum wage to $9 per hour and indexing it to inflation are sufficiently small compared with the benefits to low-skilled workers who can find employment that this would be a desirable policy." = 10% strrongly agreee, 52% agree. Only 16% disagree or strongly disagree.

http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_br0IEq5a9E77NMV

Riversider: about 11 weeks ago

Funny thing about the minimum wage, most economists are against it. Obama's Christine Romer makes the case.

http://www.nytimes.com/2013/03/03/business/the-minimum-wage-employment-and-income-distribution.html?smid=pl-share

Triple_Zero: about 11 weeks ago

"the benefits to low-skilled workers who can find employment"

Well, sure, a bump in the minimum wage is great if you're one of the lucky ones who gets to keep their job. But the point is that employment will drop if wages are artificially raised. You'll get a majority of low-wage workers who are happy to be making more money, plus a minority who will now be unemployed.

Come to think of it, even the employed ones might not be as happy as they're anticipating. If minimum wage goes up 20% and the employer reacts by having 8 people do the work of 10, even the ones who keep their jobs will be miserable.

aboutready: about 11 weeks ago

You're missing a lot.

Riversider: about 11 weeks ago

I see a chart that looks at percentae of household spending? Am I missing something?

greensdale: about 11 weeks ago

That chart shows that eating at restaurants and alcohol is declining.

jason10006: about 11 weeks ago

"What foods are cheaper today than five years ago?"

Again, here is the chart:

http://www.businessweek.com/articles/2013-02-28/americas-shrinking-grocery-bill

jason10006: about 11 weeks ago

"Increasing minimum wage is dumb. Most economists agree. If you did want to do something the earned income tax credit would be better."

Wrong, that is not what they say.

http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_br0IEq5a9E77NMV

truthskr10: about 11 weeks ago

>What foods are cheaper today than five years ago?

Fukushima oysters

columbiacounty: about 11 weeks ago

another post from huntersburg.

why are you hiding?

aren't you proud?

greensdale: about 11 weeks ago

C0C0, you looking forward to the snow?
http://streeteasy.com/nyc/talk/discussion/25207-good-morning-columbiacounty

columbiacounty: about 11 weeks ago

another post from huntersburg.

why are you hiding?

aren't you proud?

greensdale: about 11 weeks ago

Jason never told us how much he gets from EITC.

Riversider: about 11 weeks ago

Increasing minimum wage is dumb. Most economists agree. If you did want to do something the earned income tax credit would be better.

greensdale: about 11 weeks ago

>"America's Shrinking Grocery Bill," by Dorothy Gambrell, March 4-10, 2013.

And yet Jason wants to bump the minimum wage and increase taxes on the wealthy.

Riversider: about 11 weeks ago

What foods are cheaper today than five years ago?

jason10006: about 11 weeks ago

Bloomberg Businessweek
"America's Shrinking Grocery Bill," by Dorothy Gambrell, March 4-10, 2013.

http://www.businessweek.com/articles/2013-02-28/americas-shrinking-grocery-bill

Riversider: about 12 weeks ago

http://www.bloomberg.com/video/is-inflation-the-legacy-of-the-federal-reserve-ZsuSCqK4QKaWEcfAnrEcHg.html