The US Government and the Fed measure inflation in a way that is tantamount to reverse Robin Hood theft. Government measures cheat savers and particularly…
The year to year increase in inflation, as measured by the Finished Consumer Goods PPI ex food and energy slipped to +2.67% in August. That’s…
The BLS reported today that Owners Equivalent Rent, a fictitious input to the CPI which, with the similarly formulated lesser item rent of primary residence accounts for nearly…
Now that the CPI fiction has been posted, it requires that this post I wrote the other day be recycled for a second reading. The…
There are a lot of ways to define “inflation.” There are a lot of ways to measure “inflation.” Economists, the Fed, and Wall Street define…
So the Fed didn’t raise rates again. And the timing of the rate increase will be data dependent. Ho hum. There’s just one little problem. The…
One of my pet themes over the years has been the ridiculous conventional economic definition of inflation that excludes asset prices, an absurdity which the BLS…
First, let’s get the headline number out of the way. The media reported last week that the inflation rate in April was +0.1% on a seasonally…
Median market rent for US rental housing units rose 4.3% year over year in the first quarter of 2015, according to data released today by…
When inflation is too high the Fed and Wall Street conomists always de-emphasize that by keeping the focus on “core” inflation, that is excluding food…