No. of Recommendations: 0
>> Somewhere in the article, it talks about inflation being 2%. Yeah - because they leave out food and gas. I don't believe it.

arrete - there are already effects of inflation, but the elites don't see them.
<<

Of course they don't see it -- most of the their income is either saved or spent on luxury items and some labor-intensive services where prices are flat or maybe even falling in this "biflationary" environment. They only spend a small amount of their income on food, gas, and health care which are rising in price rapidly. Of course, for those of us "ordinary" folks, it's just the opposite: we're spending a lot more on stuff that's rising in price and not as much on stuff that is stable or falling.

So we plebes will, as a result, feel a lot more inflation than the elites.

#29
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement