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thorwasdfasdf | 4 years ago
Even 4% actual inflation would be very very high, as that would be 2% per year over CPI, which would compound to 80% over the CPI in just 30 years or so.
Let's take a look at some actual values: - the big mac index shows inflation at about 4% for the last 20 years. - Cape shiller housing index for US has been showing inflation at about 4% over the last 20 years. This is a real problem that will affect rents as well because the rent to own ratio spread can't continue to increase forever.
- housing of course is now 10%+ over the last year.
And yes, those quality adjustments made by the boys in the labor department are very questionable: I don't know how they sleep at night.
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