[Toddsterpatriot]

The overarching problem with all this is that if you look just at -consumer- price movements to define inflation or deflation, you will find it impossible to understand what goes on.

In other words, we've been predicting massive inflation for 7 years, this is our explanation for why we were really, really wrong.

[blam]

"In other words, we've been predicting massive inflation for 7 years, this is our explanation for why we were really, really wrong. "

I don't know.

I don't believe anything I read anymore.
I posted the below article last week because it made me chuckle that it 'sounds like me.' (Up is Down/Down is Up)

"I Woke Up This Morning After Horrible Economic News, First Question Was How Much Are Stocks Up"

[DiogenesLamp]

In other words, we've been predicting massive inflation for 7 years, this is our explanation for why we were really, really wrong.

I don't know what *YOU* are talking about. All i've seen for the last seven years is massive inflation. By my estimate of the change in cost of items I purchased in 2007 versus now, inflation is running nearly 100% for that time period.

A quart of oil in 2007 was $0.85. Now it is $4.00.