Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Oh, and on my comment about the WSJ pulling the "Let's not and say we did" schtick on inflation: Watch out for the WSJ and the CNBC crowd when they use the term "inflation-adjusted," because you always have to ask, "Which figure are you adjusting for?"  There are about four thousand CPIs to choose from at the BLS website.  More often then not, they'll use the core index and call it the official inflation rate, which makes economists pull their hair out, because it doesn't include food and energy prices.  (And, as we all know, energy and food prices don't impact our budgets, right?)  The CPI tends to about double the CPI-core, or even higher, so it's incredibly misleading to adjust for core prices and present it as the true picture, even if the impact doesn't seem very large.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Sun Oct 8th, 2006 at 08:17:39 AM EST
[ Parent ]

Others have rated this comment as follows:

Nomad 4
DoDo 4

Display:

Occasional Series