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Consumer Price Index numbers intentionally faked

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Re: CPI numbers intentionally faked

Unread postby yesplease » Fri 26 Feb 2010, 00:31:33

$this->bbcode_second_pass_quote('peripato', '')$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.

Just the last 10 or so years when it comes to the US. No jobs = no recovery.

The lost decade for the economy
$this->bbcode_second_pass_quote('', 'T')he U.S. economy has expanded at a healthy clip for most of the last 70 years, but by a wide range of measures, it stagnated in the first decade of the new millennium. Job growth was essentially zero, as modest job creation from 2003 to 2007 wasn't enough to make up for two recessions in the decade. Rises in the nation's economic output, as measured by gross domestic product, was weak. And household net worth, when adjusted for inflation, fell as stock prices stagnated, home prices declined in the second half of the decade and consumer debt skyrocketed.

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Give up?
Yeah.... No. That's a lost decade (Technically not quite, there was a very small inflation adjusted increase) for the net worth households and nonprofit organizations fer sure, but the inflation adjusted net worth of nonfarm nonfinancial corporate business increased by ~$3.5 trillion. That's no consolation to the households where that net worth came from of course, resulting in a lost decade for them (Probably nonfarm noncorporate business too), but spreading FUD helps no one.
$this->bbcode_second_pass_quote('Professor Membrane', ' ')Not now son, I'm making ... TOAST!
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Re: CPI numbers intentionally faked

Unread postby peripato » Fri 26 Feb 2010, 00:43:30

$this->bbcode_second_pass_quote('yesplease', '')$this->bbcode_second_pass_quote('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.

Just the last 10 or so years when it comes to the US. No jobs = no recovery.

The lost decade for the economy
$this->bbcode_second_pass_quote('', 'T')he U.S. economy has expanded at a healthy clip for most of the last 70 years, but by a wide range of measures, it stagnated in the first decade of the new millennium. Job growth was essentially zero, as modest job creation from 2003 to 2007 wasn't enough to make up for two recessions in the decade. Rises in the nation's economic output, as measured by gross domestic product, was weak. And household net worth, when adjusted for inflation, fell as stock prices stagnated, home prices declined in the second half of the decade and consumer debt skyrocketed.

Image

Give up?
Yeah.... No. That's a lost decade (Technically not quite, there was a very small inflation adjusted increase) for the net worth households and nonprofit organizations fer sure, but the inflation adjusted net worth of nonfarm nonfinancial corporate business increased by ~$3.5 trillion. That's no consolation to the households where that net worth came from of course, resulting in a lost decade for them (Probably nonfarm noncorporate business too), but spreading FUD helps no one.

In a country where the consumer is ~70% of the economy, no jobs = no recovery.

BTW I believe my question $this->bbcode_second_pass_quote('', 'G')ive up? was directed at Dezakin, or are you holding his hand now?
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Re: CPI numbers intentionally faked

Unread postby rangerone314 » Fri 26 Feb 2010, 00:47:08

The consumer is really only between 40 and 50% of the economy. The 70% is a over-spoken, misunderstood fake-statistic.
An ideology is by definition not a search for TRUTH-but a search for PROOF that its point of view is right

Equals barter and negotiate-people with power just take

You cant defend freedom by eliminating it-unknown

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Re: CPI numbers intentionally faked

Unread postby peripato » Fri 26 Feb 2010, 01:19:03

$this->bbcode_second_pass_quote('rangerone314', 'T')he consumer is really only between 40 and 50% of the economy. The 70% is a over-spoken, misunderstood fake-statistic.

Say what? The Bureau of Economic Analysis (BEA) shows it to be over 70%. Been smoking some good buddha lately, have we? :wink:
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Re: CPI numbers intentionally faked

Unread postby yesplease » Fri 26 Feb 2010, 01:35:01

$this->bbcode_second_pass_quote('peripato', 'I')n a country where the consumer is ~70% of the economy, no jobs = no recovery.
Only if personal income doesn't rise too, and that's still assuming the other 30% of the economy is stagnant. As crappy as a jobless recovery is for the unemployed, it can still be driven by the consumers who still have jobs as well as the other 30% of the economy that isn't consumer driven.
$this->bbcode_second_pass_quote('peripato', 'B')TW I believe my question $this->bbcode_second_pass_quote('', 'G')ive up?
was directed at Dezakin, or are you holding his hand now?
I wasn't responding to that part specifically, I just lumped it together with all the Washington Post FUD into one big smelly pile. ;)
$this->bbcode_second_pass_quote('Professor Membrane', ' ')Not now son, I'm making ... TOAST!
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Re: CPI numbers intentionally faked

Unread postby peripato » Fri 26 Feb 2010, 02:06:46

$this->bbcode_second_pass_quote('yesplease', '')$this->bbcode_second_pass_quote('peripato', 'I')n a country where the consumer is ~70% of the economy, no jobs = no recovery.
Only if personal income doesn't rise too, and that's still assuming the other 30% of the economy is stagnant. As crappy as a jobless recovery is for the unemployed, it can still be driven by the consumers who still have jobs as well as the other 30% of the economy that isn't consumer driven.

The tail wagging the dog (i.e. US government buying up all production that hasn't blown up yet) and money printing? Is that all you got? Give up, you're making a complete ass of yourself, again.

$this->bbcode_second_pass_quote('', '[')url=http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/index.cfm]The Minneapolis Fed[/url] has launched a useful charting service which analyzes not only the Great Recession, which allegedly has ended (must be news to the 1.8 million...and growing...newly uncovered unemployed, but we'll take the NBER's word for it) but the even Greater Recovery that we have presumably been in for the past 6 months or so. At least those Fed critters have a twisted sense of humor. In order to quantify just how funny they are, the Min Fed provides the following preamble "The 2007-2009 recession is widely thought to have ended sometime last summer. How bad was this recession, and how quickly is the economy recovering? How does this recession and recovery compare to previous cycles?"How indeed? Here are the charts which just a cursory perusal will lead the peruser to wonder what on earth the administration is smoking. Recovery indeed.

Once more, for all the boneheads out there; Charting The Worst And Soon To Be Shortest Economic "Recovery" Ever

$this->bbcode_second_pass_quote('peripato', 'B')TW I believe my question $this->bbcode_second_pass_quote('', 'G')ive up?
was directed at Dezakin, or are you holding his hand now?$this->bbcode_second_pass_quote('', 'I') wasn't responding to that part specifically, I just lumped it together with all the Washington Post FUD into one big smelly pile. ;)
The sources for that data are as follows;
Bureau of Labor Statistics; Bureau of Economic Analysis; Federal Reserve. That Fed. sure is a bunch of doom mongers! :lol:

Baghdad Bob would be very proud of you.
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Re: CPI numbers intentionally faked

Unread postby yesplease » Fri 26 Feb 2010, 15:47:53

$this->bbcode_second_pass_quote('peripato', 'T')he tail wagging the dog (i.e. US government buying up all production that hasn't blown up yet) and money printing? Is that all you got? Give up, you're making a complete ass of yourself, again.
Was there a stimulus and bailouts? Sure. Was it enough to cover the current recovery? Nope. All the bailouts (along with changes in write-offs) are doing is allowing the banks to write off losses over a longer time period and stay solvent. When the Fed sells back the assets the money is destroyed. I suppose a d00mc0pian such as yourself would rather have seen another great depression as opposed to a recession with government intervention, but most people are happier with the U3/U6 at ~10%/17% as opposed to ~25%/38% during the GD. :razz:
$this->bbcode_second_pass_quote('peripato', 'T')he sources for that data are as follows;
Bureau of Labor Statistics; Bureau of Economic Analysis; Federal Reserve. That Fed. sure is a bunch of doom mongers! :lol:
The Fed data is fine. Otoh, the Washington Post ignoring the net worth of businesses, both corporations and small businesses, published by the Fed in the same release, is total FUD. The only lost economic decade was for households, their (the WP) economic masters did better than average! :roll:
$this->bbcode_second_pass_quote('Professor Membrane', ' ')Not now son, I'm making ... TOAST!
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Re: CPI numbers intentionally faked

Unread postby peripato » Sat 27 Feb 2010, 10:41:17

$this->bbcode_second_pass_quote('yesplease', 'W')as there a stimulus and bailouts? Sure. Was it enough to cover the current recovery? Nope. All the bailouts (along with changes in write-offs) are doing is allowing the banks to write off losses over a longer time period and stay solvent. When the Fed sells back the assets the money is destroyed. I suppose a d00mc0pian such as yourself would rather have seen another great depression as opposed to a recession with government intervention, but most people are happier with the U3/U6 at ~10%/17% as opposed to ~25%/38% during the GD.

Demimonde, where is the money going to come from to write-off the old debts plus all the new ones piling up? Oh, that's right, the government's got a magical printing press. Let me know how that works out inflation-wise, once it really gets rolling.

$this->bbcode_second_pass_quote('yesplease', 'T')he Fed data is fine. Otoh, the Washington Post ignoring the net worth of businesses, both corporations and small businesses, published by the Fed in the same release, is total FUD. The only lost economic decade was for households, their (the WP) economic masters did better than average!

You're smoking it. Ordinary households are the ocean in which businesses swim. Without the average person's ability to consume and take on more debt then business no longer profits. Of course they can't do that without jobs now, can they? Not now that Daddy took the home equity ATM away.
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Re: CPI numbers intentionally faked

Unread postby yesplease » Sat 27 Feb 2010, 16:11:13

$this->bbcode_second_pass_quote('peripato', 'D')emimonde, where is the money going to come from to write-off the old debts plus all the new ones piling up? Oh, that's right, the government's got a magical printing press. Let me know how that works out inflation-wise, once it really gets rolling.
The money to pay for debts comes from the same place it always does, more taxation/less spending down the line. The point of more spending during a recession is to limit job losses. All more spending does when a country isn't in recession is drive up prices/interest rates. Clinton had it down fairly well, Bush had it bassackwards, and now Obama has to deal with the mess that started during the Bush adminstration.
$this->bbcode_second_pass_quote('peripato', 'Y')ou're smoking it. Ordinary households are the ocean in which businesses swim. Without the average person's ability to consume and take on more debt then business no longer profits. Of course they can't do that without jobs now, can they? Not now that Daddy took the home equity ATM away.
I'm smoking it? Corporate businesses aren't out to make friends w/ consumers (Maybe some small businesses are, but they did as well as households), they're out to make money. If that means that households in America will experience a lost decade, they won't shed a tear in that big ocean. Besides, the Fed's numbers don't lie. Corporate business net worth increased by nearly 50% while households in the U.S. experienced a lost decade.
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Re: CPI numbers intentionally faked

Unread postby rangerone314 » Sat 27 Feb 2010, 20:40:36

$this->bbcode_second_pass_quote('peripato', '')$this->bbcode_second_pass_quote('rangerone314', 'T')he consumer is really only between 40 and 50% of the economy. The 70% is a over-spoken, misunderstood fake-statistic.

Say what? The Bureau of Economic Analysis (BEA) shows it to be over 70%. Been smoking some good buddha lately, have we? :wink:

Did you ever actually know how that is tallied?

Stuff imputed like "rent you pay to yourself" if you own a house. A crock!
An ideology is by definition not a search for TRUTH-but a search for PROOF that its point of view is right

Equals barter and negotiate-people with power just take

You cant defend freedom by eliminating it-unknown

Our elected reps should wear sponsor patches on their suits so we know who they represent-like Nascar-Roy
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Re: CPI numbers intentionally faked

Unread postby JJ » Sun 28 Feb 2010, 09:35:03

$this->bbcode_second_pass_quote('', ' ')Besides, the Fed's numbers don't lie.


I submit this as the quote of the day....:)
Last edited by Tanada on Sun 28 Feb 2010, 17:54:40, edited 1 time in total.
Reason: fixed broken quote
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Re: CPI numbers intentionally faked

Unread postby peripato » Sun 28 Feb 2010, 10:11:27

$this->bbcode_second_pass_quote('JJ', '')$this->bbcode_second_pass_quote('', ' ')Besides, the Fed's numbers don't lie.


I submit this as the quote of the day....:)

Yes indeed, Baghdad Bob would be very proud of the ongoing disinformation campaign waged by this lot.
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