US Economy Reaches Superstar Status

[Woodznutz]

Get this. Do you know what isn’t included in the consumer price index (CPI)? Car and home insurance. They are simply not part of the measured basket. The CPI also excludes home prices, replacing them with a proxy called owners’ equivalent rent, which is not a reflection of reality. It also uses a crazy metric to assess health insurance such that an increase can be rendered as a decrease. In addition, the CPI can’t measure added fees and shrinkflation.

The result is that the CPI has become pure fantasy at this point. Anything happening in the housing market, from interest to insurance to prices themselves, is simply not included. Once we do include them, you can generate numbers that are easily in the double digits. Including house prices alone (excluded as of 1983) takes current numbers from 3.5 percent to 6 percent. Throwing in interest and insurance and more gets us very easily to double digits for fully two years.

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This whole picture is worsened by the extremely spooky refusal of official and media culture to report on the realities with any degree of honesty or sophistication.

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In other words, we very well could be in the midst of an unreported inflationary depression. Actually, correct that: a global inflationary depression.

Wouldn’t that be something if such a thing were happening right now and it never entered the headlines? That’s what statistical trickery will do.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Home insurance may soon cost more than your mortgage.

 

[rightwinger]

This did NOT age well at all.
It was all a pack of lies.

What did BLS say about jobs during those months?