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Truth or CONsequences?
Truth or CONsequences? When your government cons you daily with its statistical “facts,” it’s hard to keep your balance. Conned-sumers are feeling the cognitive disconnect from reality. For years, I’ve been saying it appears the BLS (Bureau of Lying Statistics) publishes fake labor statistics. The numbers always look like the seasonal adjustments are used by […]
The Psychological Pain of Inflation
The Psychological Pain of Inflation The Bureau of Labor Statistics (BLS) tomorrow morning will report its Consumer Price data from October. The Producer Price Index (PPI) appears the following day. There will likely be no real surprise here: inflation will still be running hot around 3.7 percent, confirming what I and many have suspected. Inflation […]
It Has Been 7% Inflation Since 1996
It Has Been 7% Inflation Since 1996 And so finally, now fiat $USD financial authorities are being forced to admit we have at a minimum 7% price inflation annualized. The issue, as per usual, is the real value loss truth is like twice that amount in terms of real purchasing power disappearances over the last twelve months. To […]
Inflation In 2021 Far Different From What We Had In 1979
Inflation In 2021 Far Different From What We Had In 1979 The inflation of today is a starkly different creature than what we faced in 1979. The world is massively different and presenting us with a strain of inflation that will most likely be stronger and more difficult to combat without major disruptions to our […]
Inflation In 2021 Far Different From What We Had In 1979
Inflation In 2021 Far Different From What We Had In 1979 The inflation of today is a starkly different creature than what we faced in 1979. The world is massively different and presenting us with a strain of inflation that will most likely be stronger and more difficult to combat without major disruptions to our […]
And Just Like That, Inflation Is About To Disappear?
And Just Like That, Inflation Is About To Disappear? Earlier this year, when inflation was still “transitory” two Fed chairs, Powell and Bernanke, made comments which we joked only make sense if the definition of inflation is changed: Sadly, our feeble attempts at humor were not unjustified, and as any economic history buff knows the […]
Shrinkflation, Inflation’s Sneaky Cousin, Is on the Rise
Shrinkflation, Inflation’s Sneaky Cousin, Is on the Rise Inflation has been on the rise for the past year and in the last few months it has accelerated. In June 2021, inflation, measured by the Consumer Price Index (CPI), hit the highest level since 2008. By inflation, economists refer to the increase in the general level of […]
The CPI Revisited And Its Failure To Reflect True Inflation
The CPI Revisited And Its Failure To Reflect True Inflation The cost of living numbers prepared by the Bureau of Labor Statistics are highly misleading. Currently, the government understates inflation by using a formula based on the concept of a “constant level of satisfaction” that evolved during the first half of the 20th century in academia. […]
No One Gets Out Of Here Alive
NO ONE GETS OUT OF HERE ALIVE “The seasons of time offer no guarantees. For modern societies, no less than for all forms of life, transformative change is discontinuous. For what seems an eternity, history goes nowhere – and then it suddenly flings us forward across some vast chaos that defies any mortal effort to […]
THE TRUCKING “BLOODBATH” CONTINUES AS 4,500 TRUCKERS LOSE THEIR JOBS
THE TRUCKING “BLOODBATH” CONTINUES AS 4,500 TRUCKERS LOSE THEIR JOBS The federal government’s jobs report has confirmed that truckers are losing their jobs by the thousands. According to preliminary payroll numbers reported by the Bureau of Labor Statistics last week, around 4,500 trucking jobs were eliminated in the month of August alone. The worst part […]
Writing on the Wall
Writing on the Wall Not Adding Up One of the more disagreeable discrepancies of American life in the 21st century is the world according to Washington’s economic bureaus and the world as it actually is. In short, things don’t add up. What’s more, the propaganda is so far off the mark, it is downright insulting. Coming […]
No, Autos Are Not “Cheaper Now”
No, Autos Are Not “Cheaper Now” According to the BLS, inflation in the category of “New Vehicles” has been practically non-existent the past 21 years. Longtime readers know I’ve long turned a skeptical gaze at official calculations of inflation, offering real-world analyses such as The Burrito Index: Consumer Prices Have Soared 160% Since 2001 (August 1, 2016) […]
Here’s The Proof: How The CPI Is Underrepresenting Food Inflation By 40%
Here’s The Proof: How The CPI Is Underrepresenting Food Inflation By 40% The “muzzle” on reported inflation has policymakers and analysts perplexed. As Joseph Carson, former director of economic research at Alliance Bernstein writes in his follow up to a “New Working Theory on Inflation“, numerous economic explanations and theories have been offered, and policymakers […]
The Fourth Turning & War of the Worlds
THE FOURTH TURNING & WAR OF THE WORLDS “In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a […]
