Oh, and by the way, always giving glory to our Lord, Jesus Christ! He comes first. Always.
CPI simply does not measure what people think it does when it comes to inflation. Did costs for homeowners actually increase 19% in 1979? After a 12.4% increase in 1978?
Of course not. Yet this was part of the CPI numbers. It's even worse now with Owners Equivalent Rent (OER) too.
Sadly, there is no right answer when it comes to measuring inflation. "Just measure a basket of goods, Josh! That's all you need to do!"
Ugh, if Ribeye goes up say 50% and chicken remains the same, what will I consume more of? Chicken, indeed. So, how does inflation account for the change in consumption? See how dicey this is? It's not an easily solvable problem.
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
We're taking my son to his Introduction to Auburn event at Auburn University.
we'll see you next week though!
In the meantime, a white paper I'm reading.
"This study validates...that the implementation of (China's) Five Year Plan was followed by a significant production expansion in the encouraged sectors of China. This expansion crowds out production in the same sectors in the US, leading to significant drops in both employment and investments and a notable increase in plant closures."
But it's TRUMP that started the trade war, eh?
sorry folks gotta move all this mulch by this weekend.
WE're preparing for my son Cavan's high school graduation party. So, it's a BIT hectic here to make sure everything is in place...
If it was me, I'd grill burgers and sit on coolers full of water. But apparently I'm not in charge. Who knew?
