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|Subject: Important: Un-fudging BLS statistics||Date: 2/24/2006 1:23 PM|
|Author: WendyBG||Number: 15538 of 35345|
Suisse Bear has posted a link, in this message, to a very important article.
This article is by an economist, who reveals the real economic situation, by peeling away generations of politically-inspired "adjustments" to the CPI, the GDP, employment numbers, etc. by the Bureau of Labor Statistics.
While this article is infuriating and frightening, on many levels, it affects fixed income investors where we live. Understating the rate of inflation cheats us on the interest on our I-Bonds and TIPS.
There have been many articles about the ways that the government understates inflation, but this article has much more than that.
Please rec Suisse Bear's post. I have recommended this article, for a Post of the Day, since I think that all Motley Fools should read it. If Suisse Bear's post gets many recs, it will support it for POD.
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