Posted on 01/23/2018 11:58:08 AM PST by sloop3
How much inflation are we really seeing today, and is it likely to rise further as the Fed “unwinds” its Quantitative Easing securities purchases, and a more active economy pushes up wages and prices? Free Market Central put these questions to economist John Williams, whose ShadowStats alternative economic indicators are featured on our home page. Williams has long insisted that federal economic statistics do not tell the whole story. For years, he explains, the government has been gaming the numbers. Not only is inflation understated; given current trends, it’s only going to get worse.
(Excerpt) Read more at freemarketcentral.com ...
If it’s not higher than 2% it will be. You can’t add this much money to the economy without some inflation.
If QE is unwound, shouldn’t inflation go down?
FOR 8 YEARS THEY DID NOT REPORT ON INFLATION UNDER ODUMBASS.
BUT I KNOW MY GROCERY BILL MORE THAN DOUBLED.
The economy has a similar amount of money that was printed/available at the end of 0’s reign. QE already expanded it. QE is now being unwound.
Nonsense. Gas still hovering at $1.70 - $2.50 gal, home prices are rising very slightly, after being down forever, wages show small increase.
SOME food items that have had regional issues are high-—vanilla, chocolate, avocados. But flour, eggs, milk, no real significant change.
Commodities still low.
Did your weight go up any?
I'm retired and living on cap gains. My value increased a little over 25% last year. Even my wife and I who are maybe the "tightest" people I know with money are spending more. That is a guarantee for inflation when it happens on a large scale.
If you have to educate a child, pay for car insurance, buy health insurance then inflation is sky high through the roof. If you are only buying groceries, drive a beater and have no kids then inflation is in check.
One of the first things that that stupid bastard Obama did was to start mucking up the real numbers to prevent people from seeing how much of a stupid sh*thead he was.
Its been way off for decades... anyone who tells you they believe the offical 1-2% numbers per year they have been hocking for decades now is an idiot.
Yep. These days if I somehow spend under a hundred I know I’ve forgotten something.
Now they’ll probably try to correct but put the inflation off on Trump’s tenure.
inflation isn’t in check if you are buying groceries....
Not sure how you remotely think that... in the last 7 years, nearly EVERYTHING’s cost has doubled or more while at the same time the size has generally shrunk
you booger-head
There’s no way your grocery budget doubled unless you’re overweight, you’re shopping at the wrong places, your kids are now teenagers, your family has grown, or you live in Puerto Rico. It’s just not a thing.
You’re right about meat. I don’t buy beef anymore!
The government collects tens of thousands of prices, does this guy collect more?
Does he weigh them differently than the government?
Does he count beef more than the government? Does he count chicken less?
What's his secret?
Yes.
Look at the value of housing at the end of 2016....at the end of 2017.
Look at the value of stocks at the end of 2016....at the end of 2017.
I think the Fed is trying it’s best to destroy the Trump Economic miracle by raising interest rates. But it’s not working! I got 1 2% interest loan on my 2017 and a 0 interest rate on my 2018 auto! Oil has gone from 40+$s to now 64 and gas is still LOW! The market is not reacting to the fed!
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