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To: Mase

Let's see if you agree with my facts:

1. The cost to run your car has shot up 50% in a very short period of time;

2. Property Taxes and insurances for most people have gone up significantly with no end in sight considering the huge appetite by the government for our cash;

3. Home heating prices this winter will be huge. I sit on a coop board and the cost is 50% higher than last year.

4. Medical insurance premiums and education costs have skyrocketed beyond all norms.

Oh I forgot, the cost of milk and eggs have not gone up that much to make a difference. Thus, inflation is tamed.

The stats used by the government are a joke since they are not picking up many areas affecting people's paycheck.


51 posted on 09/21/2005 7:55:24 AM PDT by chris1 ("Make the other guy die for his country" - George S. Patton, Jr.)
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To: chris1
Let's see if you agree with my facts:

I guess we define "facts' differently. All the things you listed are considered when the CPI is calculated. If you don't trust the government's methodology please offer some of your own that other than just your observations.

I would suggest looking at the bond market. The 10-year note is yielding about 4.2%. I'd say that's a solid indication that inflation, at least at this time, is pretty tame. 30-year mortgages can still be found for about 6%. That means that the future expectation for inflation is also low.

54 posted on 09/21/2005 8:02:11 AM PDT by Mase
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