A closer look at the cost of living between 2000 and 2015: Looking at tuition at USC and the typical priced US home.
We keep hearing that the Fed is tepid about raising interest rates because there is no sign of inflation. In fact, they assume that wages are keeping up for most families and that is not true. Inflation is running rampant. You don’t need giant price increases to disrupt lifestyles when many of the new […]
Comparing the cost of living between 1975 and 2015: You are being lied and fooled when it comes to inflation data and the cost of living.
Inflation is widely misunderstood by the public. Even economists tend to have a hard time coming to a general agreement to the true definition of inflation. When you ask the person on the street what inflation is they usually respond by saying the “price of things going up” which is more of a consequence of […]
You are being lied to about inflation. Latest CPI figures show nearly no inflation over the past year. Yet housing, tuition, and healthcare costs continue to soar.
Inflation. Few people think about inflation but simply accept the reality that prices will go up. However prices going up has a deeper economic reason than simply momentum. Inflation is notorious at destroying your standard of living. Our current financial system is now setup in a way to punish savers. Most banks are offering near […]
Inflation acts as a pickpocket on the wallets of working Americans: Young Americans take a big hit given the small weight given to tuition in the CPI.
Inflation is a very real thing. The Fed continues to downplay the impacts of inflation to support their ongoing easy monetary policy. What this has created is an inflated stock market and hot money chasing into other asset classes including real estate. This wouldn’t be such an issue if your typical working American family was […]
The long inflation con on the public: How the CPI severely underreports inflation and the slow erosion in the American standard of living.
The Consumer Price Index (CPI) is supposed to give us a good barometer of price changes in the economy. Unfortunately the CPI misses many big items like housing and college tuition. The latest report shows that the economy had a taste of deflation for the first time since the Great Recession hit. Of course this […]
Comparing the inflated cost of living today from 1938 to 2015: US Dollar losing an enormous amount of purchasing power since 1938.
People have a hard time understanding how inflation erodes their purchasing power. Little by little the cost of everything goes up and people simply assume this is normal in an economy. The $2 movie ticket becomes a $8 movie ticket. That can of tuna just got smaller but the price remains the same. The cost […]
No inflation they say: Increases from 2007 include rent going up by 27 percent, food increasing 12 percent, health insurance 42 percent.
Inflation has a slow methodical pattern of crushing every little dollar you have in your wallet. Even a moderate level of inflation is an enormous change when incomes go stagnant. There is talk about how spending this year isn’t all that great. This is a big deal considering that our economy runs on non-stop spending […]