Inflation: Not as low as we’ve been told. CPI is up 3.1% but everyday prices are up 8% according to the American Institute for Economic Research. Why? The CPI includes the price of durable goods like houses, furniture, appliances, cars, computers, etc. The AIER focuses on consumables and services – food, gas, child care, medicine, phone and cable service and household products. Inflation, GDP, unemployment – none of the “official” numbers seem to make sense these days. Wonder why?
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
View all posts by Bonfire of the Absurdities
