(09-20-2024, 12:24 PM)WingerDinger Wrote: Pretty good interview with Tulsi on CNN..

https://x.com/TulsiGabbard/status/183708...jTthw&s=19

(09-20-2024, 12:38 PM)mikesez Wrote:

(09-20-2024, 11:55 AM)Jag149 Wrote: You are exactly correct. The Fed uses core CP. It is at 2.6 currently (I believe) this measure excludes ENERGY and FOOD costs. So what you are seeing and feeling is correct. That is an additional negative on top of what I was talking about. 

https://www.forbes.com/advisor/investing/pce-inflation/

I only posted what I did because someone said the below which was in my opinion incorrect and demeaning of people.

"In theory people with a lot of debt should welcome inflation (it makes their debts smaller) and people with a lot of savings should hate it (it makes their savings smaller).
[i] Never know who's who.  That boat could be paid off or he might be drowning in debt.
But in reality nobody likes inflation.  We are not rational creatures and we don't care what theory says."

There are a lot of theories that seem to be sound but do not work in real life as they don't include factors that would not allow them to work based on agendas....LOL
[/i]

My comment was not intended to demean people.  Humans are primarily social and emotional creatures. Just is what it is.  We are rational from time to time but not most of the time.