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Click on the following link to see interesting charts
http://www.shadowstats.com/alternate_data
From: wsur...@yahoo.com - view profile Date: Thurs, May 29 2008 12:02 pm Email: wsur...@yahoo.com Not yet ratedRating: show options Reply | Reply to Author | Forward | Print | Individual Message | Report Abuse | Find messages by this author
If the Bureau of Labor Statistics still calculated inflation the way it did in 1980, we\'d be showing negative GDP growth since late 2004 and only a quarter or two of positive growth since 2001 (http:// www.shadowstats.com/alternate_data). Instead, the BLS modified the way it calculates inflation in the 1980\'s and 1990\'s, removing most of home price increases from the CPI in the 1980\'s. This allowed a huge expansion of credit, especially mortgage credit, effectively goosing the GDP through inflation. A lot of this inflation was exported, but globalization and the higher savings rates of our trading partners kept many prices in check.
Where to, now? |
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