What’s Wrong With the Economy? It’s You, Not the Data

WSJ via MSN ^ | 04 04 2024 | Greg Ip

[ding_dong_daddy_from_dumas]

My insurance has already gone up substantially. I have read that State Farm is going to raise home and renters’ insurance in some places. Hold on to your butts, as they said in Jurassic Park. The WSJ writer doesn’t care, because he is able to pay cash for damages, and probably has several expensive lawyers ready to go.

[lasereye]

People are expecting to see disinflation - the drastic COVID-era price increases coming back out.

You mean deflation. Disinflation is declining but still positive inflation.

[jeffc]

Take out food and energy—or for that matter look only at food and energy—and inflation is still down.

Yeah, no one is buying that baloney. I wonder if they'll add them back into the CPI when Trump re-takes office...

[Gaffer]

We are being overtly and subtly bombarded with leftist disinformation on the economy from the government with all its meddled and tweaked CPI and BLS ‘statistics’ AND from media with leftist leaning comments and articles supporting the government’s lies.

Just a couple of days ago I listened to Consumer Guru Clark Howard on WSB radio tell us 1) that 75% of the people in the US believe the economy is getting better, and 2) that they believe they are better off now.

And I still go to the grocery store and gas station every couple of days and am blasted in the face with proof otherwise.

Americans can take bad news if it is the truth. What they can’t take are outright lies.

[ding_dong_daddy_from_dumas]

I wonder if they'll add them back into the CPI when Trump re-takes office...

Dems and RINOs would be likely to use those numbers. "See, the CPI rose since Trump was elected." Don't assume that voters are perceptive.