[AirlinePilot]

There really is no explaining this one away...intentional fudging of key statistics, just anohter slice of proof. Market Ticker

More here... blogspot

[Tanada]

$this->bbcode_second_pass_quote('AirlinePilot', 'T')here really is no explaining this one away...intentional fudging of key statistics, just anohter slice of proof.

http://market-ticker.org/archives/1984- ... RRECT.html

More here...

http://themessthatgreenspanmade.blogspo ... tment.html

[Geodesic]

So in English there's more inflation than they're saying. Correct?

[TheDude]

KD also POSTED at Seeking Alpha.

$this->bbcode_second_pass_quote('', 'T')his morning, ShadowStats is reporting current CPI as 6%. Yes, they say it’s off by an order of magnitude.
www.shadowstats.com/
It also shows that CPI ranged from 4-9% each year since 2001, where as the gobermint reported 1-5%.

[AirlinePilot]

$this->bbcode_second_pass_quote('Tanada', 'A')) Are you the least bit surprised by this?

[ian807]

Government numbers inaccurate????!!!! Gasp! Say it isn't so!

Sorry, I now have to go mop up all that sarcasm that's been dripping on the floor.

[rangerone314]

TWO big reasons to lie:

1) CPI-indexed obligations and COLA's

2) Looks better to the public

[Olaf]

That led me to find this to read:

http://www.shadowstats.com/article/hyperinflation-2010

Which makes me feel all kumbaya and optimistic and stuff.

[ritter]

$this->bbcode_second_pass_quote('Olaf', 'T')hat led me to find this to read:

http://www.shadowstats.com/article/hyperinflation-2010

Which makes me feel all kumbaya and optimistic and stuff.

[truecougarblue]

Big reason #3 to understate CPI:

The GDP number is adjusted for inflation using the CPI. If you understate CPI you directly overstate economic growth by the same percentage.

[Dezakin]

I wonder how many more of these 'numbers are faked' posts we'll see as the economic recovery continues.

[truecougarblue]

Big reason #4:

Adjustments to "fixed" income from SSI are linked to CPI. Keep CPI low and it keeps the 10 year deficit calc reasonable. This in turn helps keep bond rates low.

[yesplease]

$this->bbcode_second_pass_quote('TheDude', '[')b]KD also POSTED at Seeking Alpha.

$this->bbcode_second_pass_quote('', 'T')his morning, ShadowStats is reporting current CPI as 6%. Yes, they say it’s off by an order of magnitude.
http://www.shadowstats.com/
It also shows that CPI ranged from 4-9% each year since 2001, where as the gobermint reported 1-5%.

[rangerone314]

Whats funny about all this is how the American middle class has declined since probably the 1970s, if you consider inflation as being understated and compounded nearly 40 years... that's quite a "bite" out of incomes, even with TWO incomes.

And all the other stuff that always seems to rise "faster" than inflation (tuition, health care)...

Inflation stats are a crock, espec "core inflation".

Gee, I guess we don't need college to get a job, don't need health care to stay alive, don't need food to eat, or energy to heat our homes or transport us to work...

[truecougarblue]

"even with TWO incomes"

Two incomes to survive may be the best evidence that official inflation numbers for the last 50 years are a crock.

[peripato]

$this->bbcode_second_pass_quote('Dezakin', 'I') wonder how many more of these 'numbers are faked' posts we'll see as the economic recovery continues.

[Dezakin]

Right on cue. Its a giant lie and any economic growth or per capita income growth in the past 50 years is a lie as well I suppose.

[peripato]

$this->bbcode_second_pass_quote('Dezakin', 'R')ight on cue. Its a giant lie and any economic growth or per capita income growth in the past 50 years is a lie as well I suppose.

[peripato]

$this->bbcode_second_pass_quote('Dezakin', 'R')ight on cue. Its a giant lie...

[rangerone314]

$this->bbcode_second_pass_quote('peripato', '')$this->bbcode_second_pass_quote('Dezakin', 'R')ight on cue. Its a giant lie...