AirlinePilot wrote:Outcast,
I agree completely about ZH...its just that there are some places that will report on things the MSM wont. I only casually glance at ZH maybe once a week for entertainment value. I had a friend send me that link because we have been talking about this recently. He is much more attuned to markets etc and he knows im also kind of plugged in to what is going on here in the US fiscally long term. The "not QE" QE is an anomaly when our economy is supposed to be doing so well and he noted that also recently. IMHO the repo market action is one of those harbingers to pay attention to which can and will point to issues or problems which can shape the near future. For the few folks I know who follow the financial and global banking markets more closely than I do, this has their Spidey Senses up.
By the way, real inflation in the US is not what the Government says it is. Its probably on the order of nearly double the reported number. They are playing games with the CPI and have been for quite a while now.
I agree that the current Fed behavior is a warning sign and the US debt accumulation is untenable long term, as I stated recently in a previous post.
Re the "real inflation rate", yes, there has been some changes to the CPI, and I don't agree with them all. But they publish the data, and they give their reasons in detail. And like it or not, a lot of it makes sense. Simple example: re safety, conveniences, reliability, etc. modern cars are getting fundamentally better, so they made an adjustment for that. Yet still, the long term trajectory for car inflation (for similar models/sizes) in the US is roughly flat -- which mirrors my 40 years experience buying new cars with inflation adjusted dollars -- even more so given the way the cars improve over time.
But just looking at data and living standards over time, claiming that real inflation rates are really more like, say, Shadowstats claims just doesn't make any sense. You can simply look at the prices of things like housing and food and cars and clothing and computers and see that over the decades, the overall US inflation indicators aren't all that far off, overall.
If you're going to claim that conspiracy theories rule and that the unvetted babbleverse is to be trusted more than the MSM and the government figures, then you'd better have DAMN GOOD PROOF, not just wishful thinking -- or it's not even worth discussing.
I notice you have no links, no data, no logic, no numbers, just "inflation nearly double" what's reported.
Not exactly on the order of damn good proof, now is it? And maybe, just maybe, the MSM wants to be at least somewhat credible, so it can't "report" on any random, fact free theory that the babbleverse constantly vents its spleen on. That's actually a GOOD thing.