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Old Yesterday, 06:35 PM
 
4,791 posts, read 2,279,911 times
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The explanations providing the flaw in C2BP's belief that prices were stable prior to 1913 might well be put in some C2BP FAQ, since every time the glaring errors are pointed out he just loses interest in the thread only to start a new identical one a week later with exact same flaws and erroneous conclusions.

 
Old Today, 12:00 AM
 
749 posts, read 406,596 times
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Quote:
Originally Posted by lieqiang View Post
The explanations providing the flaw in C2BP's belief that prices were stable prior to 1913 might well be put in some C2BP FAQ, since every time the glaring errors are pointed out he just loses interest in the thread only to start a new identical one a week later with exact same flaws and erroneous conclusions.
You don't even pay attention what I post. I posted a graph that showed the price levels since 1774 and you thought those are officially published inflation rates. Wake up, the CPI and PPI have been remodeled and massaged to the point that it ignores all inflation EXCEPT wage inflation. The HOUSING BUBBLE did not even budge the CPI needle.

Now, Powell is unwinding Bernanke's experiment, as it must. Bernanke used a delaying tactic only; he did not fix anything. Look at the debt load, much larger than when he took over and we have bubbles everywhere.
 
Old Today, 01:28 AM
 
Location: Silicon Valley
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https://www.economist.com/news/essay...s-today-s-fina


An older, but nice, historical look at the big American crisis.
 
Old Today, 04:18 AM
 
2,259 posts, read 1,401,972 times
Reputation: 4915
Quote:
Originally Posted by C2BP View Post
You don't even pay attention what I post. I posted a graph that showed the price levels since 1774 and you thought those are officially published inflation rates. Wake up, the CPI and PPI have been remodeled and massaged to the point that it ignores all inflation EXCEPT wage inflation. The HOUSING BUBBLE did not even budge the CPI needle.

Now, Powell is unwinding Bernanke's experiment, as it must. Bernanke used a delaying tactic only; he did not fix anything. Look at the debt load, much larger than when he took over and we have bubbles everywhere.
As you were told in your last FED thread, Powell was on the board and voted with and for Ben’s experiment. Do you really think Powell is going to fail both of the feds mandates simultaneously and allow massive deflation?
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