that's what is so frustrating to me. From the BLS itself the "The Consumer Price Index is basically a measure of changes in prices of the goods and services bought by urban " wage earner and clerical worker families "
That's not what CPI measures though! Not if housing and transportation, i.e., the renting of your home and the purchase or lease of a new/used vehicle are over 50% of CPI!
yet, people don't get it. They scream at me that I'm an inflation denier. I"m not. It's just your measure of inflation is WRONG!
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
Heading to Maine early tomorrow morning for some fun in the sun! :)
In the meantime, read this piece by Andrew Biggs.
See you next week!
andrew biggs @biggsag writes...you read. This is not negotiable
https://littleknownfacts.substack.com/p/the-two-charts-any-social-security
We'll review various 25 year time frames under the "harvest your gains retirement plan"
Here's the link! https://vimeo.com/event/6194932