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Who do you trust, the BLS or Ronald McDonald? While official government statistics barely show...

Who do you trust, the BLS or Ronald McDonald? While official government statistics barely show inflation, McDonald's (MCD) is raising prices, prompting commentary that anyone running a household sees every day the gap between the government's "pathetic" food inflation measures and reality. (I, II)
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Comments (24)
  • erniem
    , contributor
    Comments (572) | Send Message
     
    Please, everyone knows there is no inflation. The government would not lie.
    26 Jan 2011, 10:53 AM Reply Like
  • coloneldebugger
    , contributor
    Comments (909) | Send Message
     
    let's see, the gubmint's interest in inflation = oh shit, if we say there is we'll have to pay our employees more and pay more for social security. mcdonald's view, "this shit we pretend is meat is more expensive to buy"

     

    it is essentially a hidden tax on the people the gubmint supports.
    26 Jan 2011, 10:54 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    I trust the clown!

     

    Wait, that really doesn't provide you the answer does it?
    26 Jan 2011, 10:54 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    lol, 12 thumbs down in 5 minutes?

     

    Yep, we're getting close to a top.
    26 Jan 2011, 12:29 PM Reply Like
  • kelly225
    , contributor
    Comments (26) | Send Message
     
    Aren't we dealing with two clowns here?
    26 Jan 2011, 10:58 AM Reply Like
  • bbro
    , contributor
    Comments (10609) | Send Message
     
    BLS...geez Seeking Alpha....I think you need to get someone to
    teach statistics on this blog...
    26 Jan 2011, 10:58 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    I agree. Let's get Greenspan...no, wait, scratch that.
    26 Jan 2011, 11:19 AM Reply Like
  • bbro
    , contributor
    Comments (10609) | Send Message
     
    I was afraid you were going to suggest a 75 year old OB/GYN from
    Lake Jackson Texas....
    26 Jan 2011, 11:29 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    for stat's in this regard? Why sure, after all when dealing with this issue, all it takes is common sense and some street smarts to see the obvious.

     

    Paul for Prez!
    26 Jan 2011, 11:44 AM Reply Like
  • bbro
    , contributor
    Comments (10609) | Send Message
     
    Ron Paul = " Bring Back 30% unemployment!!! It will be a good cleansing"
    26 Jan 2011, 02:35 PM Reply Like
  • Terry330
    , contributor
    Comments (870) | Send Message
     
    Some food items I buy are up 20%.
    26 Jan 2011, 11:02 AM Reply Like
  • kcr357
    , contributor
    Comments (567) | Send Message
     
    I'm guessing bbro is gonna claim it's not due to inflation, rather you are buying the wrong food items.
    26 Jan 2011, 11:14 AM Reply Like
  • bbro
    , contributor
    Comments (10609) | Send Message
     
    I just don't subscribe to government conspiracy wingnuts.....
    26 Jan 2011, 11:27 AM Reply Like
  • coloneldebugger
    , contributor
    Comments (909) | Send Message
     
    it's not a conspiracy, it's denial of reality.
    26 Jan 2011, 11:35 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    my money's on the "wingnuts" who have a firm grasp on the historical patterns of human behavior, especially as it pertains to men of power in govt.
    26 Jan 2011, 11:41 AM Reply Like
  • erniem
    , contributor
    Comments (572) | Send Message
     
    There is no conspiracy. Just government: "Debt issuers may have, and in the case of a government paper always have, a direct interest in lowering the value of the currency, because it is the medium in which their own debts are computed."
    John Stuart Mill 1848
    Translation: Government will always encourage inflation, it's how they pay their debts.
    26 Jan 2011, 11:50 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3431) | Send Message
     
    Did you know that the government actually sends people out to stores in certain markets to price very specific goods, from food to clothes? Did you ever bother to study the actual mechanism of how the price index is formulated? Or do you think Obama makes a call and says, today, let the CPI be this number? Sorry, too many loose lips out there working for the government to let something like that not make FOX news.
    Now, the methods they are using may be antiquated, the goods they are pricing may not truly reflect the buying pattern of an average family. That I will agree with. But I will not agree that the numbers collected are then fudged, like I said, someone, and there are a lot of someones working on the CPI, would squeal like a stuck pig. Unless, maybe, the lowly number crunchers mysteriously go missing the night before the CPI comes out............
    26 Jan 2011, 01:23 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3431) | Send Message
     
    But a lot of the people crunching the numbers have absolutely no power.
    26 Jan 2011, 02:03 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3431) | Send Message
     
    Hmm...being in the business, there are more to food prices than inflationary pressures. Food supply often has little to do with monetary policy, it has much more to do with weather. Think cold weather in Florida. Think heavy rains in the midwest effecting the corn crop (and corn is in everything).
    I have not seen my food prices go up, but than I just eat the basics. My grocery bill has not gone up at all. Just don't eat a lot of crap and maybe you will save a bit of money.
    26 Jan 2011, 11:51 AM Reply Like
  • kcr357
    , contributor
    Comments (567) | Send Message
     
    The substitution argument, eh?
    26 Jan 2011, 01:45 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3431) | Send Message
     
    Which there is an argument for. Why do you think farmers keep switching crops - to follow the dollar. And we can't blame them.
    26 Jan 2011, 01:55 PM Reply Like
  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    The government can fool people with a gerry-rigged inflation gauge for a while but they ultimately undermine their own credibility.

     

    Much like the Federal Reserve's stealth money printing.
    26 Jan 2011, 11:53 AM Reply Like
  • gjg49
    , contributor
    Comments (415) | Send Message
     
    house prices and some clothing prices still seem to be going down.

     

    food prices (especially including non-crap such as fruits, veggies, whole grain bread, and cereals), energy prices (gasoline, electric, and nat gas), property taxes, insurance, cable bills, health care insurance, cell phone service prices, and higher education prices all seem to be rising.

     

    a few things such as the fitness center seem constant, at least for now.

     

    seems to me that the cpi has been understated--but the cpi has been understated for years and years and years.
    26 Jan 2011, 01:12 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3431) | Send Message
     
    I agree, buying habits have changed a lot. Percentages of what we buy have changed. The mortgage used to be the big whopper (and still is). Inflation was the friend of the home owner, the mortgage "shrank" over time. The $125 a month my dad paid in the 60's was killing him, now it's chump change.
    To be honest with you all, my kids are grown and gone. When it comes to inflationary pressures, I should keep my mouth shut, my buying habits are not the norm. And I guess, there comes in the problem of one size fits all CPI.
    No conspiracy, just no easy way to quantify.
    26 Jan 2011, 02:02 PM Reply Like
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