Data indicates that DOL rigged claims of recent job growth.. 78
Come on, now, surely you can't believe that your personal data is a proxy for the average person across the whole nation.
I wasn't.
Oh, but I have. I'm afraid I am not a compulsive record keeper, but I know that my expenditures have not doubled over the last 6 years, nor has my standard of living gone down.
Hiring never stops at IT companies it seems. Propelled by new projects and increasing demand, many tech biggies have announced major plans to up their headcount. Many technology biggies including, Dell...
I think you must have misread. I said that medical ins. was the area that has gone up more than double.
Taenia Solium Perhaps you sold GM short when they were $27 a share, and now you're scared because some lunatic announced he's going to buy nearly a billion dollars...
What a bizarre question! First of all, my opinion is irrelevant, it is the data that determines that. My speculations would be that food would have a hugely greater weight, unless the index were being prepared for a population of very rich and nerdy non-helthy eaters. A quick look at the consumer expenditures study that is used to weight the components confirms that, since I didn't even see computers (they are probably "down in the weeds" somewhere, but not very major), while food was an obvious major component.
Oldest one I could find in a quick look at email confirmations of ticket purchases was ATL-EWR 1-17-00 $156.50 one way. Airtran email dated yesterday shows ATL-LGA $84 one way. I'm not claiming that they are strictly comparable on travel restrictions, etc., nor do I plan to waste the time to find out. More comparable, going on Orbitz to look for 3-day advance tix, one way to ewr was $216, a 38% increase.
No. Just explaining why my housing cost has gone down.
Yes. I increased my mortgage payment by about 50% several years ago, but that was to accelerate principle payments, which I hardly consider a cost. But even with shortening my repayment period, plus increased escrow for taxes and insurance, my mortgage payment has not doubled. My other housing costs have gone up because of increased maintenance as well as increased cost of maintenance, but that is a drop in the bucket.
I'm not. Is there any reason to expect that the average consumer is?
Maybe, but the amount the average consumer pays for NY-NJ housing is minuscule. Are you confusing real estate price increases with housing costs? They are related, but hardly the same.
Yes, I have. Actually, they are very relevant to you if some of your income is indexed to them, but I know what you meant.
No problem. Asking an expert is a technique I use often when my personal observation seems to contradict conventional wisdom. As I recommended, I...
I don't know whether you are intentionally trying to put words in my mouth, or if you think you reasonably interpreted something I wrote as such a claim. If the latter, I'd like to see that, and have a chance to set the record straight.
Well, I guess there is an element of that, like when I pull your leg about making a fortune with your "knowledge" that inflation is escalating. And I apologize for that, since I know this is an emotional issue with you, since you have income indexed to this measure. I really have no dog in this fight, except for future Soc Sec income. Any chance you can renegotiate the relevant source of your income to tie it to something else like a measure of costs related to generating the income in question, prices charged by compebreastors, etc.?
THE ECONOMIC TIMES Sabarinath M & Lijee Philip MUMBAI Wal-Mart, which grew out of a tiny variety store on the main square of the small of town Arkansas in the southern United...
BTW, I believe you said your wife works at Vandy. It sounds like you have some pretty extensive data. Why not try to find out who among the econ faculty and grad students is most likely to be anti-Bush (that will be easy to find) and most likely to believe that the CPI is understated. (A quick scan of the web finds even people with some knowledge of economics claiming it might be up to 1-2% too low.) Then arrange a meeting with the faculty member or grad student and share your data with them to show what you think the CPI should be. The result could be some combination of: Better understanding on your part Acceptance of your data and use of that data to make a case for better measurement of inflation Rejection of your data and frustration as you fail to understand why Rejection of your data and conviction by you that economists are either stupid or conspiratorial since they don't see things your way
I wouldn't venture a guess a priori about what combination of those results will ensue. -- Alex -- Replace "nospam" with "mail" to reply by email. Checked infrequently.