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Um, the CPI does count food and gas. It's just the CORE CPI that doesn't. There's a REASON for that. Those 2 particular items are very volatile - they bounce around a LOT. Gas prices rise every summer and then fall again every winter. Food prices are affected by weather and can thus change drastically up and down based on a single storm. For economic planning or examining long-term trends those types of variations are not useful information because WHEN you take the "snapshot" can drastically change the picture - and thus make long term forecasts or honest and accurate projections etc much much harder. This is WHY the CORE CPI excludes them. They are NOT ignored, they simply not including those in THAT particular metric. The standard CPI does include them and is released every single month right alongside the CORE CPI.
Again, you are simply betraying your ignorance and the fact that you seem to be basing your economic views on the propaganda pumped out by political "talking heads" rather than any fundimental knowledge of economics.
As you can see - food and gas (as well as heating oil) right at the very TOP of the report:
Nothing about quality. Just hand picked items that change on a whim in order to fool the mundanes.. Replace steak with hamburger. Gee is it any wonder the fraudulent numbers you use don't mean much?
But everybody is using it right? Lemmings
LMAO Don't break a nail scratching the surface. When foreclosures are kept off the market prices rise. Less supply. It's a basic economic principle.
Keep posting I can use the laughs considering how bad the economy is in.
When you think 1+1=3 it's no wonder you don't know what 2+2 is.
School is out.
Foreclosures are DOWN.
The backlog of foreclosed home are DOWN.
That backlog of foreclosed homes is being consumed. It's not growing, it's SHRINKING.
Yes, if they were all released at once prices would no doubt fall. And if released it's yearly production of cars all at once prices would fall for those too, and if Apple released it's yearly production of computers all at once prices would fall for those too. So what? NONE of that is going to happen. There's a REASON for that - it takes TIME for foreclosed homes to be processed, just as it takes time for cars to be made or computers assembled. So what?
The reality is that home prices are rising. The fact that YOU may not LIKE that because it disturbs your economic/political views is unimportant and not relevant.
Sorry sport. The economists YOU follow. You remember don't you. The ones who didn't see the housing bubble, use it. The worst collpase since the Great Depression and the ones you blindly follow, the same ones who thought manipulating the dot com market was a good idea. How'd that work out?
The only lunatics are the ones like you who keep predicting the economy is turning around. Two years in a row I believe and you've been wrong both times. Why listen to you? You haven't been right yet. But that is the way of the economic imbeciles like yourself, who keep listening to the ones who have been wrong all along about the economy. Then the lemming comes out, "everybody is saying it" as if that leads credence to the idiotic notion that when a majority is incorrect over and over again people should listen to them.
Sure, that's the thing to do, listen to the Cubs on how to win a World Series.
No, I said the economy turned around back in 2009 - and it DID. Get your facts straight. The ONLY area where I've been wrong is the SPEED at which recovery would progress - as apposed to you clowns who are still insisting that things are getting worse - when the banking industry is back on a stable footing, the auto industry is booming, housing prices are rising, and we've gone from shedding 800,000+ jobs/month to creating 150,000+ jobs/month - ah, yeah RIGHT - things are "getting worse".
What have you been correct about economy wise? One can only say "the economy is turning around xxx" a few times before credibility is gone. That door closed on your posts loooong ago. But keep posting.
Where have I been correct?
Gee I don't know - maybe when I called the bottom of the Stock Market just a few weeks after it's actual turnaround - while folks like yourself were still claiming it was going to collapse again? And yes - the economy DID turn around when I said it did. The recovery has been slow, but it IS a recovery.
Gold is has quadrupled since 2004. From 400 to 1600. The ones who invest care.
Gold is in a bubble???? LMAO you didn't see the housing bubble yet people should listen to you about a gold bubble? Sell your snake oil elsewhere
And gold quadrupled in value from mid 1978 to Jan 1980 - then collapsed again - giving up 2/3rds of it's gains by a year or so later - then hovered at that point with virtually NO GAINS WHATSOEVER for TWENTY FIVE YEARS.
I've seen it all before. Sure, folks who got in early have made killing - just like in 1978 - but if you got in late (or are getting in now) watch out. Gold prices now are barely above where they were a year ago. The S&P on the other hand is up 14% over that time. Gold has likely had it's run - or most of it anyway. Once it sinks in that the dollar is NOT going to collapse and that the economy WILL continue to improve, gold prices will likely plummet - just like they did in 1980.
Where have I been correct?
Gee I don't know - maybe when I called the bottom of the Stock Market just a few weeks after it's actual turnaround - while folks like yourself were still claiming it was going to collapse again? And yes - the economy DID turn around when I said it did. The recovery has been slow, but it IS a recovery.
Ken
so when the triple dip occurs... will you then cede to a depression or will you use trivial jumps as a crutch?
What "triple dip" is that?
There hasn't even been a "double dip".
Ken
Of course there was....if there wasn't QE2 would have never happened...
Oh wait...so that means... when will you cede to the QUADRUPLE dip
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