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Old 04-03-2008, 11:19 AM
 
Location: America
6,979 posts, read 15,128,558 times
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Quote:
Originally Posted by sean98125 View Post
demand = consumption
supply and demand have a direct correlation with one another. When speaking about oil peak oil also plays into that equation.
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Old 04-03-2008, 12:12 PM
 
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Demand has increased, while supply has not. That means higher prices.

Increased consumer and manufacturing demand for oil means higher prices for consumer products.
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Old 04-03-2008, 12:38 PM
 
Location: America
6,979 posts, read 15,128,558 times
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^^

yes, in a nut shell.
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Old 04-03-2008, 03:31 PM
 
Location: Los Angeles Area
3,306 posts, read 3,323,365 times
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Quote:
Here is a recent primer for you
That isn't a primer its some crap on CNN. You can find the pros/cons of the governments inflation reporting in any intro to macroeconomics text book. So CNN suggests the fed MAY be underreporting inflation...because some guy says it. Do you suggest an alternate index? No. Do they say anything you don't year in your freshman year of economics courses? No.

Quote:
The government economists don't know jack about inflation, or are lying.
Yes, Ben Bernanke despite previously being a distinguished professor at Princeton has not mastered the sophomoric art of inflation. Or yes yes...they are lying. Because nothing makes monetary policy work better than having inaccurate inflation numbers.

Quote:
...linking of the CPI and inflation to payout rates for social security payments isn't an incentive to keep those figures low?
The FED is not part of the federal government, they aren't the ones that payout social security payments. Furthermore, inflation is not something you can hide as any group with a few researches can track it themselves. Given that its sorta funny that nobody else has developed an index that shows inflation is much different than how the fed reports it.

Quote:
"professional" thinking of these same economists who brought us "trickle down" "new deal" "great society" and other economic farces
As far as I recall none of those were developed by economists, they were primarily political rhetoric.

Quote:
Of what earthly purpose is a "rate of inflation" to a senior on a fixed income, whose primary variable cost of living is food, when that rate doesn't include food as an indicator?
Food is too volatile so it is removed from core-inflation figures, if the inflation in food prices is prolonged it will spill over to core-inflation figures. Since the price of food can go up and down rather fast it would be pretty chaotic to use when determining payments etc. Your payment could be lower for the entire year if food prices happen to be down for the last few months.

Anyhow, all these issues are complex I'm glad you have all the answers though. Us ungodly folk don't though.
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Old 04-03-2008, 04:50 PM
 
Location: Great State of Texas
86,093 posts, read 69,870,497 times
Reputation: 27519
Humanoid..go find another forum. Complex issues like the CPI are too much for you.
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