Do No Evil – Billionaire California bond manager Bill Gross calls it "a haute con job." Bloomberg News columnist John Wasik describes it as "a testament to the art of economic spin." More and more shoppers and consumer simply disbelieve it. The subject of this scorn is the federal government's vaunted Consumer Price Index or CPI.
Not a member? Sign-up today!
SouthernLadyX
giroro13
alamala
livia1954
DiffeeOnline
ameliog
roolaneman
Beau7890
IceMage
bubba2
pongping
hamy
BJTJ
berkeley
NewsLine
_kam0_
About Propeller | Frequently Asked Questions | Help
© 2003-2008 Propeller. All Rights Reserved. Terms of Use | Privacy Policy
1)
Vote
This is why working people who don't have great amounts of investments don't put any stock in the government's inflation statistics. It's not necessarily that they know the details of how the numbers are fixed, it's just that they know their paychecks don't go nearly as far as they used to.
Not only has median income failed to keep pace with the CPI, it's fallen WAY behind real costs of necessities. Many who used to be able to save reuglarly can't anymore.