Monday, April 23, 2007

6% inflation

If you click on the title of this post you will be taken to John Williams' website, Shadow Government Statistics. Check out the chart that graces the top of the page. The chart shows what reported CPI would be if it were still calculated as it was prior to the Clinton administration. If you're having trouble reading it or you don't want to really see it, I'll tell you the number is 6.2%. That's right 6.2% annual CPI inflation. Anyone have a guess as to how the market would react if everyone knew that number was the truth rather than the 2.8% figure recently reported by the government?

No comments: