Posts Tagged ‘ CPI ’

Chinese Inflation Eases Unexpectedly as Economy Slows

central_bank_china

  by John Galt June 9, 2012 07:15 ET   The Chinese Communist Economists learned from the best and in the tradition of the American Bureau of Labor Statistics, the mythical Consumer Price Index inflation data was released this morning (From Xinhua):   China’s inflation eases further, more monetary easing expected   BEIJING, June 9 (Xinhua) — China’s inflation unexpectedly eased to a 23-month low due to falling food prices and base effect, providing ample room for the government to boost slower-than-expected growth in the…

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CPI is “Tame” but not for the reasons the Media would have you believe

BLS_BS_TN

by John Galt May 15, 2012 22:30 ET   The usual suspects are at their propaganda inspired best with the monthly BLS report on consumer prices. The mainstream media has the usual headlines:May 15, 2012 22:30 ET   US Consumer-Price Index Unchanged; Core Rate Climbs 0.2% US April consumer prices flat as gasoline drops US consumer prices flat as gas costs fall   In other words, gas distorted reality as the reality is that the impacts on things the average American need or use every…

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October C.P.I. for Necessities – Operation Occupy Inflation in your Wallet

WALLET_WEIMARSTYLE

By John Galt November 16, 2011 – 08:45 ET The big buzz today will be “see, we’ve tamed inflation” but the reality is that it was a month over month drop in the overall rate of inflation, not a decrease in prices for the things the average person needs to survive. Since the average American has fallen prey to this propaganda and believes that a 0.1% drop in the headline number suddenly means their 16 oz. cereal box will return any day now at the…

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Monthly CPI Necessities Update: Glad I don’t Eat, Drive, Smoke, Live in a House, Get sick, go to college, or wear deodorant

weimarwheelbarrow

By John Galt October 19, 2011 – 12:30 ET Thankfully inflation is under control. Good job Ben! Of course if you do anything but wash your car daily, get some sort of legal service (Sorry Congress, she doesn’t count; Barney he doesn’t either per the BLS) buy a new home every month, buy a new computer every month, OR use “video services” then this month’s CPI report might hurt. But politicians, Federal Reserve officers, people investing in anything but precious metals, and morons telling you…

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August 2011 C.P.I. Data: Don’t Drink, Don’t Smoke, Don’t Eat, Don’t Drive, No Problemo

GOODY2SHOES

By John Galt September 15, 2011 – 17:00 ET Of course even Goody Two Shoes had to eat, live in a house, and maybe, just maybe, got the sniffles. Unfortunately for the American consumer, and somewhat to my shock, the BLS was unable to manipulate the Hedonic Horror known as the Consumer Price Index and create a deflationary indicator to validate the Fed’s wave of liquidity and next shove against the string to save their precious banks while destroying American citizen’s ability to earn a…

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CPI Necessities & CPI Cash for Clunkers Chart Updates

inflationCARTOON

By John Galt August 22, 2011 – 10:00 ET The charts that I have been maintaining for over a year now are available within the economic charts pages to the right for permanent review and of course, after the releases on these pages. Now that my schedule has gone from just madly insane to regular insane, these charts will be updated in a more timely manner. No commentary really is necessary because the Federal Reserve doesn’t eat, doesn’t drive or pay for their own gas…

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New Zealand becomes the latest Victim of Transitory Inflation

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By John Galt July 18, 2011 The headline from this morning’s New Zealand newspapers like ThePress says it all: Inflation hits 21-year high With a 4.5% inflation rate and a projection that it will go much higher as the nation recovers from those horrific earthquakes earlier this year, it is little wonder that importing inflation from the bankrupt financial systems of the world is the last thing they need as the country rebuilds. This chart created with the official data from the Royal Bank of…

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CPI Necessities Chart for April 2011 – It’s Transitory

CPI Necessities Chart for April 2011 – It’s Transitory

By John Galt May 15, 2011 It is becoming somewhat spooky when the words of Ben Bernanke haunt the mind, week after week, thus I shall do the best that I can to escape this transitory trap he has placed most commentators into. Except in this case the “official” CPI report from last Friday was without a doubt seriously a transition before a major commodity crash brings the prices down the BLS creates out of thin air and allows the Fed even more room to…

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Gas and Diesel Prices Indicate Another Economic Crash: 2008 Redux

Gas and Diesel Prices Indicate Another Economic Crash: 2008 Redux

  By John Galt April 11, 2011 The myth that the American consumer is back being perpetuated by the financial infomercial networks and our government is about to be shattered once again. The proclamations by Fed governors that we the people are participating more in the economic engine ignores the declines in compensation compared to inflation since 2002 when the Fed and U.S. government elected to inflate the system at all costs rather than face a necessary recession to flush the system. This policy continued…

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