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Mix-Ansicht- Futter für @Euklid - kingsolomon, 08.10.2004, 09:17
- Re: Futter für @Euklid - und die Deflationisten - CRASH_GURU, 08.10.2004, 10:01
Re: Futter für @Euklid - und die Deflationisten
-->We recently were forwarded a piece from an economist who is on his third decade of deflation warnings. He tried to support his contention that CPI should be lower because the hedonic adjustments aren’t large enough by stating people are oversensitive to purchases they made most recently. They forget how much water heaters have improved in price-quality. NO S^%# SHERLOCK! We’ve bought one new water heater in the past 26 years of home ownership, as well as 3 new washers and driers, a couple refrigerators, perhaps 3 dish washers. We pay for the necessities of life monthly and those costs have been increasing much faster than the CPI - energy, food, utilities, tuition, healthcare, real estate taxes, drugs, etc. And in any contest between under and over-stated CPI advocates the final arbiter is the checkbook, which is not hedonically, seasonally or chain-weight adjusted. Reality, what a concept!
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