9.28.2007

The CPI is a fraud, update

We all feel the disconnect between the official CPI and the rising prices of everything we see. That's obvious.

What's not obvious is why the CPI differs so greatly from actual inflation.

Well, here's your answer. Spend a few hours at ShadowStats, where economist John Williams has made a career of dissecting the CPI methodology.

No comments:

CalPERS Fail

Despite the awesome bull market this year, CalPERS again missed its return target, earning only 5.8% vs. its required 6.8%. CalPERS has mi...