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To: xzins
Doesn't rising gold mean someone's afraid of runaway inflation?

According to FedGov inflation is low if you don't use energy, consume food, pretend chicken is the same as steak and pay yourself income by renting your home to yourself.

7 posted on 09/19/2005 9:52:53 AM PDT by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
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To: AdamSelene235

LOL!

I do recall energy and food being removed from the so-called inflation shopping basket of items.

You'd think that PERMANENT increases in energy would be reflected, wouldn't you?

Anyone think that gasoline is going back down to $1.49 a gallon anytime soon?


8 posted on 09/19/2005 9:54:50 AM PDT by xzins (Retired Army Chaplain and Proud of It!)
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To: AdamSelene235; xzins
According to FedGov inflation is low if you don't use energy, consume food, pretend chicken is the same as steak and pay yourself income by renting your home to yourself.

The FedGov being wrong wouldn't surprise me but the bond market being wrong would. The 10-year bond is yielding what, 4.2%? Are you saying that the CPI is understated and the bond market is ignorant?

19 posted on 09/19/2005 10:01:14 AM PDT by Mase
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To: AdamSelene235

LOL - I love the ex-food and energy figure because, as we all know, people don't need food or heat to survive this winter.

Another great way to spot inflation is the cereal box "presto-change-o" (as I call it). Same cereal, same price, smaller box...


23 posted on 09/19/2005 10:09:39 AM PDT by Rutles4Ever
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