Surprise, Surprise: Consumers Do Not Believe the Fed’s Inflation Projections

The Mises Institute ^ | 9/15/2013 | Joseph Salerno

[tbw2]

We can live a long time without new TVs and iPhones. But consumers can’t live without electricity/gas and food.
CPI that ignores the most universally consumed products are simply wrong.
Then there’s the fact that they exclude health insurance and taxes, two areas also rising.

[Cicero]

I have too many children and grandchildren here to do that, because I like to keep in touch with them. But it sounds like you’ve found a good life. Best of luck.

[WVKayaker]

I have too many children and grandchildren here to do that, because I like to keep in touch with them.

I have constant contact with my family. I have four grown children and eight grands. I have an Apple MacBook Pro, an iPad, and an iPhone, which all work over the internet with Apple's FaceTime program, using the built-in cameras and microphones. All that is required is a free account with Apple. My kids have Macs, and iPods, which all work together for us! I do miss out on some hugs, but America is only a plane ride away!

(disclaimer: pic taken from online image)

[BfloGuy]

Then there’s the fact that they exclude health insurance and taxes, two areas also rising.

The CPI also excludes shares of stock -- conveniently.