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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 799406"><p>LOL. The current advertised CPI is even worse. If you estimate slightly less at 8%, it holds up well in my opinion. Homes where I live are up about 5-6x. Inflation isn’t 2%. It’s a completely hilarious notion. If you have a new iPhone come out at the same price with 2x the computing power, the CPI formula calculates an enormous reduction in cost. It’s a joke.</p><p></p><p>BTW, you can’t look at healthcare SPENDING. People spend less and hold back when things get expensive. You have to look at per unit costs.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 799406"] LOL. The current advertised CPI is even worse. If you estimate slightly less at 8%, it holds up well in my opinion. Homes where I live are up about 5-6x. Inflation isn’t 2%. It’s a completely hilarious notion. If you have a new iPhone come out at the same price with 2x the computing power, the CPI formula calculates an enormous reduction in cost. It’s a joke. BTW, you can’t look at healthcare SPENDING. People spend less and hold back when things get expensive. You have to look at per unit costs. [/QUOTE]
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General Investing and Economics Discussion - No Politics
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