Rob Kirby has the mind of an auditor as he notices these little suspicious
details.
So are the oil books cooked when reporting by the government?
We'll if we consider the government excludes the real estate mkt prices and
the cost of food so that they can say: What inflation? Not here!
I think Rob is proving that the three major commodities that make up the
national CPI are all faked.
What does that mean for us? It means in these categories that maybe adjusted
for an increase in the cost of living index is just not going to happen.
And in actuality it's a pay cut since we don't get the adjusted increase
while these major item do increase. We all end up with less though the
producers pockets the increase which we have to pay them for the same lower
priced item in the past.
We loose two ways at once as we also do not have the flexibility of deciding
what we may want to spend money on if we had received the Cost of Living
allowance generate by these price increases showing up as the same or even
less as in the case of oil.
http://www.financialsense.com/fsu/editorials/kirby/2007/1213.html
So Rob is referring to the hand that taketh but never gives.
Also, the dept of labor who does the hands on fudging and faking of these
figures is considering not tracking house rental prices and instead to go
back to the real estate sale prices since the have fallen out of bed and as
well out the window.
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