Paulie
Diamond Member
- May 19, 2007
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Couple points here--
* Most charts that purport to adjust for inflation are taking government numbers at face value, even though the official CPI numbers are way off. They changed the way inflation is counted in the early 80's and again in the mid 90's.
* Most central banks all over the world are matching or exceeding the rate of monetary expansion by the federal reserve. Yes, the euro is looking strong--but only in comparison to the dollar. I would probably look like an olympic athlete if I stood next to a cancer patient.
That's not to say that increased demand from china and india aren't playing a factor of course.
I was going to chime in with this, but I figured why bother...I'll probably just get ridiculed for having a view that is "convenient", because I don't trust the government's "stats" anyway.
Larkinn, inflation is much worse than those numbers you posted.