Economy US Inflation falls below 5%, lowest 2 in years

[sickc0d3r]

Meanwhile anyone with eyes will see the exact opposite.

Really? You think prices are rising more quickly now than they were 2 years ago?

 

[sherdogwantedtonamemekiki]

They are rising, quicker maybe not, but I'm a creature of habit and buy pretty much the same shit from the grocery store every couple of weeks, and I don't ever recall thinking, "Huh, my money went a lot further this time."

 

[sickc0d3r]

They are rising, quicker maybe not, but I'm a creature of habit and buy pretty much the same shit from the grocery store every couple of weeks, and I don't ever recall thinking, "Huh, my money went a lot further this time."

Ok, so the OP is accurate. Inflation still sucks, I agree.

 

[Karl_Hungus]

Great idea anytime reality presents me with something that contradicts my propaganda programming I just pretend it's not real.

The fact that you typed that with no ironic intent is sad. You validate the "Big Lie" theory. Anyone with a brain has noticed that the government and their various captured facilitators have been fudging all kinds of numbers for a long time, with inflation figures being particularly and purposefully false. So, you're saying that this is the time when they decide to start being honest? Ok. Thanks for validating my initial comment. When is your vasectomy surgery scheduled?

 

[Spetsnaz77]

Anyone who believes these numbers should remove themselves from the gene pool, stat. Thanks.

Doubt any of them are sexually active

 

[Jack V Savage]

The fact that you typed that with no ironic intent is sad. You validate the "Big Lie" theory. Anyone with a brain has noticed that the government and their various captured facilitators have been fudging all kinds of numbers for a long time, with inflation figures being particularly and purposefully false. So, you're saying that this is the time when they decide to start being honest? Ok. Thanks for validating my initial comment. When is your vasectomy surgery scheduled?

Private measures show the same numbers, and really there's no way to fake them because everything has to add up, meaning that basically all economic data would also have to be faked. There's also no plausible reason for faking them or coordinating the kind of massive conspiracy you and the other troll were imagining.

 

[Karl_Hungus]

Private measures show the same numbers, and really there's no way to fake them because everything has to add up, meaning that basically all economic data would also have to be faked. There's also no plausible reason for faking them or coordinating the kind of massive conspiracy you and the other troll were imagining.

Jack, it sure is nice to see you still trolling here after all these years. Sherdog's most successful troll. Kudos. The CPI is observably false. Hedonic adjustment games are the only thing keeping the fake numbers anywhere near resembling reality.

 

[Jack V Savage]

Jack, it sure is nice to see you still trolling here after all these years. Sherdog's most successful troll. Kudos. The CPI is observably false. Hedonic adjustment games are the only thing keeping the fake numbers anywhere near resembling reality.

Well, that's a brilliant response, but "nuh uh, this doesn't fit my preferred propaganda," isn't actually enough to refute hard data.

 

[Karl_Hungus]

Well, that's a brilliant response, but "nuh uh, this doesn't fit my preferred propaganda," isn't actually enough to refute hard data.

I like how you sidestepped the games they play with hedonic adjustments, etc., and act like those are real numbers. Your commitment to the establishment narrative is complete. Never change, Jack.

 

[Jack V Savage]

I like how you sidestepped the games they play with hedonic adjustments, etc., and act like those are real numbers. Your commitment to the establishment narrative is complete. Never change, Jack.

Well, I didn't sidestep any point because you didn't make any point. It's 100% insults directed toward people who don't blindly swallow propaganda.

 

[Karl_Hungus]

Well, I didn't sidestep any point because you didn't make any point. It's 100% insults directed toward people who don't blindly swallow propaganda.

And you sidestepped again, on a basic issue, just like a polished troll would. Well done!

 

[andnowweknow]

Meanwhile anyone who thought the election in 2020 was stolen will see the exact opposite.

Fixed it.

 

[TrueBias]

Great idea anytime reality presents me with something that contradicts my propaganda programming I just pretend it's not real.

Youre right. My gas and grocery bills are make believe and have been since biden.

 

[Jacket time]

170 Billion for Ukraine
Zero for flint

 

[jimjamjammer]

Youre right. My gas and grocery bills are make believe and have been since biden.

A good explanation why it doesn't make sense.
https://www.forbes.com/sites/perian...ion-dont-bother-with-the-cpi/?sh=61899e0c200b
Common sense tells us the Consumer Price Index is not an adequate measure of inflation. For the second year in a row the Consumer Price Index for All Urban Consumers (CPI-U) remained under 2 percent. On average, consumer prices increased 1.5 percent, according to the government. However, the government has incentives to keep this statistic as low as possible. In fact, the CPI doesn’t even measure inflation, rather a range of consumer spending behaviors. The CPI is perhaps one of the most important government statistics because it affects a number of public programs and is used as a benchmark to set public policy. But it’s accuracy is questionable, especially when compared with other agency’s inflation measures. Why does the government want low inflation numbers? The CPI is tied to the incomes of about 80 million Americans, specifically: Social Security beneficiaries, food stamp recipients, military and federal Civil Service retirees and survivors, and children on school lunch programs. The higher the CPI, the more money the government needs to spend on these income payments to keep pace with the cost of living. However, this same government is about $17 trillion in debt. If the CPI is low, the less money the government needs to spend on cost of living adjustments, something seniors are astutely aware of. The government has a few resources at its disposal to manipulate the CPI. First, the Bureau of Labor Statistics operates under a veil of secrecy. The raw data used to calculate the CPI is not available to the public. When I asked why, I was told “so companies can’t compare prices.” This makes very little sense because companies can easily compare prices with data openly available on the internet. It also makes it impossible to audit their findings. Additionally, over the past 30 years, the government has changed the way it calculates inflation more than 20 times. These ‘methodological improvements’ to the CPI are said to give a more accurate measure of consumer prices. However, these changes could also be a convenient way to include or exclude certain products that give favorably low results, but there’s no way to know, given the lack of transparency. So how is the CPI calculated? Although this is not a transparent process, the BLS gives some insight on their website as to how it calculates the CPI. The economic assistants track about 80,000 consumer products each month known as the Market Basket of Goods. However, “If the selected item is no longer available, or if there have been changes in the quality or quantity (for example, eggs sold in packages of ten when they previously were sold by the dozen) of the good or service since the last time prices were collected, the economic assistant selects a new item or records the quality change in the current item.” This data is then plugged into a formula along with other factors including census information and consumer spending patterns. In other words, the CPI doesn’t measure changes in consumer prices, rather it measures the cost-of-living. Further, the government makes the assumption that consumer spending habits change as economic conditions change, including rising prices. So if prices rise and consumers substitute products, the CPI formula could hold a bias that doesn’t report rising prices. Not a very accurate way to measure inflation. The CPI doesn’t even meet the government’s definition of inflation The Bureau of Labor Statistics defines inflation “as a process of continuously rising prices or equivalently, of a continuously falling value of money.” As I outlined above, the CPI is not a measurement of rising prices, rather it tracks consumer spending patterns that change as prices change. The CPI doesn’t even touch the falling value of money. If it did the CPI would look much different. The CPI doesn’t meet other government agency’s inflation measurements either Anthony Freda Anthony Freda Franklin by Anthony Freda The most obvious is the Federal Reserve’s measure of monetary inflation. M2 measures the supply of US dollars, which includes cash, checking deposits, saving deposits, and money market mutual funds. The more money that’s created and put into circulation, the less valuable it becomes. And the Fed has created a lot of money recently. The Fed’s unprecedented bond buying program, Quantitative Easing, created $116 million an hour for the entire year last year. It doesn’t make sense that the BLS’s measurement of inflation was only 1.5% last year, while at the same time, monetary inflation grew 4.9%.* Forbes Daily: Get our best stories, exclusive reporting and essential analysis of the day’s news in your inbox every weekday. You may opt out any time. By signing up for this newsletter, you agree to the Terms and Conditions and Privacy Policy Another example where the BLS doesn’t meet other agency’s inflation measurements is the U.S. Department of Agriculture. According to the BLS the average price of beef and veal increased 20 percent over the past five years. However, according to the USDA, beef prices have increased 26 percent over the past five years. I asked a statistician at the BLS about this discrepancy and he said “I would expect those numbers to be a little closer together.” When even the federal government gets different numbers on the same products, how could this possibly be an accurate measurement of inflation? It’s important to have an accurate measure of inflation because consumers, especially those on fixed incomes, are negatively impacted by rising prices. Also, the federal government and the Federal Reserve use CPI trends to help set tax, monetary and fiscal policies, which affects economic growth. Given that the CPI is calculated secretly, is no where near comparable to monetary inflation, and doesn’t even meet its own definition of inflation, we should use our common sense to count the value of our cents, not the CPI. *Footnote: On 01/07/2013 M2 was $10.452 trillion. On 01/06/2014 M2 grew to $10.962 trillion. That’s a 4.9% increase in the monetary base in just one year. Conversely, a 4.9% decrease in the value of the US dollar.

 

[Jack V Savage]

And you sidestepped again, on a basic issue, just like a polished troll would. Well done!

OK, I guess you're not going to make any concrete points or explain how the conspiracy you're assuming would be possible. But if you childishly insult people who think for themselves, you'll feel better so that's cool too.

 

[Blunderbuss]

Not anymore. Nintendo shut down mario maker 2 servers last month. Map creation has been down for over a year already.

Lol really? I understand the first one being down obviously, but the second one... shit I never even played it haha. I figured I had time!

 

[Karl_Hungus]

OK, I guess you're not going to make any concrete points or explain how the conspiracy you're assuming would be possible. But if you childishly insult people who think for themselves, you'll feel better so that's cool too.

Oh, I'm sorry. I just assumed you didn't know what you were talking about, so I left to do something better than let a retarded monkey fling turds at me. I thought I'd give you time to google it, so you could pretend to understand what I was talking about, but I see you're sticking to your initial denial route. Good for you. Donny would be proud. It has been nice owning you on a public forum for all to see. Thank you for that opportunity, sir.
https://www.investopedia.com/articles/07/consumerpriceindex.asp
https://www.businessinsider.com/how-the-us-government-manipulates-inflation-data-2011-2
https://www.nuwireinvestor.com/3-ways-government-manipulates-reported-inflation-rate/
https://anderson-review.ucla.edu/inflation-lies/

 

[Karl_Hungus]

OK, I guess you're not going to make any concrete points or explain how the conspiracy you're assuming would be possible. But if you childishly insult people who think for themselves, you'll feel better so that's cool too.

Here are some more links for you to read up on, since I know this basic concept, which has been taken as a fact for a long time, eludes your tenuous grasp. I am simply trying to help you up your troll game, since it really needs it. These yokels don't know enough to see most of your mistakes. Sorry for blowing your cover. Anyway, these will help your future trolling efforts:

https://www.forbes.com/sites/perian...l-rate-of-inflation-dont-bother-with-the-cpi/

Common sense tells us the Consumer Price Index is not an adequate measure of inflation.

https://medium.datadriveninvestor.com/stop-relying-on-the-cpi-inflation-numbers-f9ce95391550

Four common techniques how the government tricks you into believing inflation is low.

 

[Jack V Savage]

You can load up all the irrelevant or quack links you want, but your CT is really dumb. There's no possible way inflation can be materially different from the reported numbers, no way to coordinate the conspiracy, no motive for it, and no way to deal with the fact that independent, private measures show more or less the same results unless they're all part of the same conspiracy, which makes it even sillier.