[hubbubhubbub]

That's easy. Core CPI doesn't include food, energy or home ownership. The skill is getting so many Americans to believe these lies. They rely successfully on widespread economics illiteracy among the U.S. population.

[Mase]

Core CPI doesn't include food, energy or home ownership.

You may want to go to the BLS website and look up Owner's Equivalent Rent. The Bureau of Labor Statistics, calculates a data series called Owners' Equivalent Rent, which measures the implicit financial value of home ownership. The rising cost of home ownership is absolutely included in the CPI.

Through July of this year the core CPI was 2.1%. The CPI, including food and energy, was 3.2%. During the 19-year bull market that began in 1982, the average annual CPI change was 3.3%.

Business Week

With the 10-year bond yielding 4.3%, this all sounds reasonable, unless of course, you are someone who thinks they know more than the bond market and all the others who buy our debt instruments.

They rely successfully on widespread economics illiteracy among the U.S. population.

I guess you do know more than the markets. You must be a very wealthy individual.

[meyer]

Core CPI doesn't include food, energy or home ownership.

Which means that it essentially measures nothing. Food, energy, and housing should be among the first three items on the CPI list.