Dr.Jackpot

Understanding Inflation

These data figures don't mean 'Jack' to me. I define inflation/deflation as the spread between what you get and what you need to spend to live. Inflation can happen in two ways. Forget the data. If your cost of living stays the same but Greenspan takes your fixed income down from something to nothing, that's huge inflation. Also if your fixed income stays the same but your cost rise------that's inflation. The converse can be 'deflation'. By my definition, inflation is roaring thanks to Greenspan and Bernanke. My life savings don't bring Jack anymore. This theft makes Madoff look like a circus pick-pocket and nobody talks about it.