Lies, damned lies and economic statistics September 30, 2007Posted by Jim Satterfield in Uncategorized.
Angry Bear and The Big Picture both post about this Bloomberg article. Basically it calls the government on using questionable methods when coming up with the CPI. The numbers don’t even come close to accurately accounting for some of the biggest costs of living for the average American. It doesn’t reflect medical costs or housing costs realistically at all.