“My advice: ignore all price inflation statistics that are not accompanied by publicly available methodologies. The Median CPI is accompanied by public explanations. It is published monthly by the Federal Reserve Bank of Cleveland. The trend of the Median CPI is toward lower price inflation. It is not yet price deflation. But prices are barely rising. This leaves the Federal Open Market Committee lots of room to continue its quantitative easing policy of buying half a trillion dollars a year of long-term Treasury bonds and half a trillion worth of Freddie/Fannie bonds. The FOMC can continue to subsidize the housing market without fear of political repercussions.”
http://teapartyeconomist.com/2013/11/21/median-cpi-0-1-october/
Related posts:
Glenn Greenwald plans to release more Snowden files in 10 days
The FDA: A Pain From the Neck to the Big Toe
300 protesters swarm Hollywood Boulevard in LA, clashes with police reported
Pfc. Bradley Manning Unsworn Statement during Sentencing Trial
Marc Faber's forecasts for the global economy
Colorado: Court Endorses Handcuffing of Innocent Motorists During Robbery Search
Meet Bandar bin Sultan: The Puppetmaster Behind The Syrian War
China Accounts For Nearly Half Of World's New Money Supply Since 2005
How an Illegal Shipping Container Reshaped the World Economy
US has Already Ceded Dominance in Bitcoin Trading
PA Police Chief Seeks Nullification of Unconstitutional Gun Control
NSA is more than just a spy network, it’s global fascism
McCain's Next Stop: Guantanamo?
Indoctrination Nation: Students Taking Oath To Constitution In Order To Graduate?
College Students Chase, Heckle David Petraeus on First Day of Class