User 86999

Implications of the Bear Stearns Bailout

"... If no one believes the official data, they are free to propagate any argument based upon anecdotal evidence. With the cost of living, it is easy to point to items that have increased in price, ignoring any serious methodology ..."

Anecdotal evidence? Try empirical evidence from the previous cpi announcements and then the revised numbers. Calculate the degree of correction (upon correction) to find the evidence.

A serious methodology? Any serious methodology reflects the facts not the academic jugglery with the numbers and philosophy.

But then again, I suppose you get paid to create material like this to sweep the ugly stuff under the rug! Keep skimming the poor guy until he bleeds. Good luck to you (not really).