To: Brilliant
Inflation still low, please! I take it you don't have any children in a private school or college, nor have you had to visit the doctor for a serious illness.
Please don't recite to me Alan G's definition of inflation, subtracting fuel and food prices out because of their instability. I can't subtract them from my monthly budget.
Any reason you know of why the Fed stopped reporting the M-3 number?
4 posted on
12/09/2005 6:18:47 AM PST by
mr_hammer
(They have eyes, but do not see . . .)
To: mr_hammer
fuel and food are not entirely removed from the inflation numbers, they just aren't useful in the monthly numbers because they are too volitile.
In the past 30 years, fuel prices have risen by just about the same amount as the underlying inflation.
IN the past 30 years, food prices have risen by much less than the amount of inflation.
College costs have shot up. So has medical costs.
But Gold wouldn't have been a good way to invest your kids college fund.
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