I see “red” every time I hear the absurdity trotted out by the fedgov so-called “statisticians” that they are excluding food and energy prices from consumer cost-of-living calculations because of their “volatility”! THAT’S INSANE! If you have an extremely volatile critical component in your calculations (I think we can all agree that food and energy are critical components of ongoing consumer spending) you don’t exclude it, YOU USE A ROLLING OR SMOOTHED AVERAGE OF THE COMPONENT! Pick a number – a three month average, a six month average, even a yearly average. WHAT YOU ABSOLUTELY DON’T DO IS EXCLUDE THE COMPONENT! That’s literally gaslighting the public for the purpose of masking the actual amount that fedgov/fedres inflation of the money supply is affecting consumer prices, and cost of living! So once again – it has become the norm – the fedgov is BLATANTLY LYING TO US for the benefit of the Deep State!
The government inflation numbers are a one-size-fits-all approach that is a dismal failure. Every consumer in the country actually experiences a different inflation rate according the goods and services they consume. Inflation should be measured from a base point...the first time you get a job or become a regular consumer. That will be different for every consumer.
Say you spend $50,000 as a consumer for the year. The next year, those same goods and service cost $53,000. 6% inflation right? You could adjust your consumption down to $48,000 perhaps and not be much affected by the "inflation" booger man. This might work for a while but eventually the Fed's constant destruction of the value of a dollar will catch up to you.
The price of oil may be falling but the price of refined products sure ain't. I had to pay $35 for a gallon of chainsaw bar oil this past Friday. I nearly fainted. I've never paid over $8.99 for it. I don't really understand the confusion as to why oil is falling but products continue to rise. I mean what is the value of a barrel of oil if you can't refine it? I'd just about $0.00!
I'm refinancing right now. Even with cash back my taxes are still more than my mortgage. That is doing more damage to our economy than inflation in my humble Holiday Inn Express opinion.
I see “red” every time I hear the absurdity trotted out by the fedgov so-called “statisticians” that they are excluding food and energy prices from consumer cost-of-living calculations because of their “volatility”! THAT’S INSANE! If you have an extremely volatile critical component in your calculations (I think we can all agree that food and energy are critical components of ongoing consumer spending) you don’t exclude it, YOU USE A ROLLING OR SMOOTHED AVERAGE OF THE COMPONENT! Pick a number – a three month average, a six month average, even a yearly average. WHAT YOU ABSOLUTELY DON’T DO IS EXCLUDE THE COMPONENT! That’s literally gaslighting the public for the purpose of masking the actual amount that fedgov/fedres inflation of the money supply is affecting consumer prices, and cost of living! So once again – it has become the norm – the fedgov is BLATANTLY LYING TO US for the benefit of the Deep State!
The people that put these policies together don't buy gas or shop for groceries.
Their ivory tower protects them.
The people that put these policies together are achieving their objectives.
The government inflation numbers are a one-size-fits-all approach that is a dismal failure. Every consumer in the country actually experiences a different inflation rate according the goods and services they consume. Inflation should be measured from a base point...the first time you get a job or become a regular consumer. That will be different for every consumer.
Say you spend $50,000 as a consumer for the year. The next year, those same goods and service cost $53,000. 6% inflation right? You could adjust your consumption down to $48,000 perhaps and not be much affected by the "inflation" booger man. This might work for a while but eventually the Fed's constant destruction of the value of a dollar will catch up to you.
6%....double it.
The price of oil may be falling but the price of refined products sure ain't. I had to pay $35 for a gallon of chainsaw bar oil this past Friday. I nearly fainted. I've never paid over $8.99 for it. I don't really understand the confusion as to why oil is falling but products continue to rise. I mean what is the value of a barrel of oil if you can't refine it? I'd just about $0.00!
Good example. Ask your loving congress man to explain what is happening. They owe us at least that much.
Why bother? They'd only lie.
They're too busy with their preferred Lobbyist.
Beavers are eco-friendly. I think you can get a tax credit in certain Blue States. I recommend getting a few before their farts are regulated.
LOL!
I'm refinancing right now. Even with cash back my taxes are still more than my mortgage. That is doing more damage to our economy than inflation in my humble Holiday Inn Express opinion.