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Comment: Interesting...

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wolfe's picture


You call it anecdotal and yet it is pulled from aggregated data. Including government tracking for the cost of goods, because we have no other source for that data.

But we do have a source for metals. What's interesting to note, is that yes, in fact 70-80, the cost of things DID go up that much, or do you not recall the the price fixing that government implemented in order to STOP "inflation" from going to the actual place it was supposed to be at?

1985 to 2005 was actually a fairly flat economy in general. As I said, the price of silver better reflects the state of the economy than pretty much anything else.

Food is a semi-arbitrary measure. Being a staple and volatile in terms of turn over makes it one of the best indicators, as well as gas, and home values.

The Core CPI, excludes all ACTUAL living expenses to show that magic <4% number.

Further, when you do a year over year average, it normalizes the comparison well more than enough to be representative of the actual economy. As opposed to taking one off examples from snapshots, which are more subject to other market values.

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