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The Schrodinger Inflation: Ignore All Time High March Gas Prices, BLS Tells You Inflation Is Lower Than Expected

Tyler Durden's picture





 

Just spent a record high amount at the gas pump for this time of year? The BLS says you didn't, and after all when it comes to reality, the BLS has a right of first refusal. The just printed headline CPI came at 0.4%, just in line with expectations of 0.4%, while core CPI of 0.2%, missed expectations of 0.3%. That's right: not only is inflation meaningless, it is less than expected, leading to surge higher in stocks, bonds and the EURUSD. As for those items which are once again soaring in prices such as food and gas? Luckily, those can be hedonically adjusted by everyone to virtually zero. (wait? You still pay your mortgage or rent? Sucker!) Remember: the iPad is deflationary.

From the report:

The gasoline index rose sharply in February, accounting for over 80 percent of the change in the all items index. The gasoline increase led to a 3.2 percent rise in the energy index despite a decline in the index for natural gas. The food index was unchanged in February, with the food at home index unchanged for the second month in a row as major grocery store food indexes were mixed.

 

The index for all items less food and energy rose 0.1 percent in February after increasing 0.2 percent in January. Indexes for shelter, new vehicles, medical care, and household furnishings and operations all advanced, while indexes for apparel, recreation, used cars and trucks, and tobacco all declined.

 

The all items index has risen 2.9 percent over the last 12 months, the same figure as last month. The index for all items less food and energy was up 2.2 percent, a slight decline from last month’s 2.3 percent figure, while the 12-month change in the food index fell to 3.9 percent in February, its lowest level since last June. In contrast, the 12-month change in the energy index was 7.0 percent in February compared to 6.1 percent in January.

So much for myth. As for reality, here is the Schrodinger Inflation courtesy of the MIT Billion Price Project:

 


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Fri, 03/16/2012 - 08:44 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

You can't eat food & gas...

Fri, 03/16/2012 - 08:54 | Link to Comment Badabing
Badabing's picture

 

Ron Paul asks big Ben “ have you gone shopping lately?”

Nuff said!

www.youtube.com/watch?v=G3TltMNbgGQ

Fri, 03/16/2012 - 09:04 | Link to Comment clones2
clones2's picture

Gas has never been higher this time of the year...  Consumer prices rose the most in 10 months...

And I see numerous articles by the MSM today stating that "inflation isn't a concern"...

Are you kidding me?  They point to inflation and highlight inflation.... then say it isn't occuring.

Fri, 03/16/2012 - 09:15 | Link to Comment Fukushima Sam
Fukushima Sam's picture

Don't open the box!

Fri, 03/16/2012 - 10:25 | Link to Comment uno
uno's picture

Former Fed governor Larry Meyer said everything is under control

http://www.gotgoldreport.com/2012/03/meyer-not-a-prayer-of-us-hyperinflation-.html

 

Fri, 03/16/2012 - 14:14 | Link to Comment economics1996
economics1996's picture

Jiffy 40 oz beanut butter, two pack was $7.68, now $10.49, 37% increase in price.

Fri, 03/16/2012 - 14:17 | Link to Comment economics1996
economics1996's picture

Showboat pork and beans 7 pound can was 2.98 now $3.78, 27% increase.

Fri, 03/16/2012 - 14:20 | Link to Comment economics1996
economics1996's picture

6000 watt generator was $659 now $868, 32% increase.

Fri, 03/16/2012 - 15:15 | Link to Comment caconhma
caconhma's picture

Dear Mr. President and members of the Congress,

You are all corrupt POS and pathological liars. Thank you for your bogus & fraudulent statistical data.

The case and point:

·         My medical insurance premium in 2012 is the same as in 2011 but all my deductibles went 50% up.

·         The meat I was buying went up 15-20% in the last 12 month

·         Labor rates at my car dealership service department went 15%

·         Shall I continue?

 

Fri, 03/16/2012 - 13:34 | Link to Comment Carl Spackler
Carl Spackler's picture

In other words...

just listen to what we say and DO NOT watch the hand !

Fri, 03/16/2012 - 09:32 | Link to Comment Stuck on Zero
Stuck on Zero's picture

There's no inflation in net gasoline purchases because the newly unemployed don't need to drive to work anymore. 

Fri, 03/16/2012 - 11:37 | Link to Comment czarangelus
czarangelus's picture

It's interesting that they have to do so. They have to include the skeptical argument in order to specifically deny it, which instead of raising awareness just appears to cause the sheeple to dismiss the next bit of skeptical evidence they hear out of hand.

 

In black magic, there are very specific rules that have to be followed or the spell won't work. You actually have to warn the victim, and explain to the victim what you're doing. You can couch it in any terms you want, including denial, but no injurious spell will function unless the victim is in on it.

Fri, 03/16/2012 - 12:04 | Link to Comment tabasco71
tabasco71's picture

You can apparently eat ipad's though.

They just did this in the UK... tossers inserted the highest value, quickest obsolescing item imaginable into the 'basket of goods' that measures the inflation rate, so next year bread can cost £50 and it will still look like inflation is 'under control'. 

Fri, 03/16/2012 - 13:29 | Link to Comment RollinsArline3
RollinsArline3's picture

my roomate's mom makes $83/hr on the computer. She has been fired from work for 9 months but last month her pay check was $18339 just working on the computer for a few hours. Read more on this web site .....  http://bit.ly/FPPP3j

Fri, 03/16/2012 - 16:14 | Link to Comment akak
akak's picture

And MY roommate fucked your mother in the ass for $8 --- and said she wasn't worth it.

Read more on this web site: www.Chinesespammersmustdie.com

Fri, 03/16/2012 - 08:44 | Link to Comment fonzannoon
fonzannoon's picture

Algo's just read headlines.

Fri, 03/16/2012 - 08:46 | Link to Comment Jefferson
Jefferson's picture

This number makes QE3 less likely anytime soon.

Fri, 03/16/2012 - 08:48 | Link to Comment adr
adr's picture

No it makes it more likely. If inflation is "moderating" then more QE can be "handled" by the economy.

Fri, 03/16/2012 - 08:51 | Link to Comment fonzannoon
fonzannoon's picture

Bingo ADR. Oil is transitory (obviously) and everything else is tame. Proceed with WE whenever

Fri, 03/16/2012 - 13:42 | Link to Comment Carl Spackler
Carl Spackler's picture

True, but... 

The bankers will want the QE, but the political problem for the Washington types currently in power (e.g., Barry Obama) is that more QE will also drive the price of petroleum higher (oh, what it is, what it was, what it shall be to hold and operate with the world's reserve currency) and put more upward pressure on gas pump prices... further intensifying such as a 2012 campaign issue, regardless of what Israel does to Iran.

Fri, 03/16/2012 - 08:53 | Link to Comment Jefferson
Jefferson's picture

Only problem is that increasing gas prices means additional QE will lead to further overall deflation and a decline in overall economic "growth" and unemployment. Not really a good setup for electoral victory.

Better to crash the financial markets and blame it on the evil Wall Street bankers not to mention greedy hedge funds.

 

 

 

Fri, 03/16/2012 - 11:19 | Link to Comment combatsnoopy
combatsnoopy's picture

Technically speaking, it wouldn't be "deflation", but rather a CORRECTION

The trouble with corrections is that they come at the end of a bubble which is literally a transfer of wealth between those who know and the gullible who don't want to admit they lost their shirts in the game. 

Fri, 03/16/2012 - 08:54 | Link to Comment All Rise
All Rise's picture

Crude is up close to 50% since last October. It takes somewhere between 3 and 6 months to bite. 

Fri, 03/16/2012 - 09:04 | Link to Comment LawsofPhysics
LawsofPhysics's picture

ZIRP is fucking QE!  That is unless of course you really don't think that there is a cost associated with creating capital and then adding no real value to the system.

Fri, 03/16/2012 - 09:39 | Link to Comment trembo slice
trembo slice's picture

and how are interest rates kept near zero?  it isn't a fucking magic button.  to keep interest rates low, new liquidity (or loanable funds) must constantly be available.  Inflationism is a policy that requires more inflation to keep the charade going.  Until interest rates rise, we HAVE QE. 

Fri, 03/16/2012 - 09:23 | Link to Comment SheepDog-One
SheepDog-One's picture

Sure ADR go ahead and unleash QE and give us $6 gas lets see how that works out. 

Fri, 03/16/2012 - 08:46 | Link to Comment Mongo
Mongo's picture

When is BPP going to update it's european data any time soon. It's been on "collecting data"-status forever.

Fri, 03/16/2012 - 10:02 | Link to Comment Dermasolarapate...
Dermasolarapaterraphatrima's picture

Does the soaring Dow really refelct the "summer of recovery" ?

 

Sears to close 62 more stores

 

Sears Holdings (SHLD +2.13%) already said it would close as many as 120 Sears and Kmart stores this year in an effort to turn the business around. But that wasn't enough.

The struggling retailer said Thursday it will have to tighten its belt even more. Sears is now planning to close 43 Hometown stores, 10 Sears Hardware stores and all nine stores in the Great Indoors chain. Hometown stores are independently operated, and sell hardware in mostly rural areas.

http://money.msn.com/top-stocks/post.aspx?post=ee37574e-3da9-4368-be2c-b...

 

 

Fri, 03/16/2012 - 08:47 | Link to Comment the not so migh...
the not so mighty maximiza's picture

They will still have to do QE just to buy US debt IMHO, gas will be 10 dollars not even considering Iran Syria war.

Fri, 03/16/2012 - 08:51 | Link to Comment LongSoupLine
LongSoupLine's picture

Gas already $10/gal (EUR2 per liter) in France...

Fri, 03/16/2012 - 09:04 | Link to Comment j0nx
j0nx's picture

But, but I thought Sarkozy saved the French people? That's what he said anyway.

Fri, 03/16/2012 - 08:48 | Link to Comment LongSoupLine
LongSoupLine's picture

Bama's Lead Shills...BLS

Fri, 03/16/2012 - 08:52 | Link to Comment LawsofPhysics
LawsofPhysics's picture

The divergence is spreading and it is more clear than ever that the banking sector owns the government and is using academic trolls to "re-educate" everyone when it comes to precisely what things like "ownerhip", "liberty", and "fair share" really mean.  The system of theft is no longer sustainable, especially considering over 100 years of contract law surrounding title ownership, and in order to stay in power and allow the fraud to continue the "laws" must be re-written and the people must be "re-educated".

Will this be a bridge too far for the banking class?  Judging by the recent behavior of the likes of JPM and Bank of America it would seem that it will be even less of a problem than is was back in the 80's.

Fucking pussies, all of us.

Fri, 03/16/2012 - 08:53 | Link to Comment fonzannoon
fonzannoon's picture

Very true LOP but even if the public sits back and ignores reality the system ends up breaking from it's own weight anyway. The question this is who was ready and who was not/

Fri, 03/16/2012 - 08:56 | Link to Comment Vincent Vega
Vincent Vega's picture

Well said, LoP.

Fri, 03/16/2012 - 09:12 | Link to Comment mendigo
mendigo's picture

Bull trap being set.
Market is due for a run - maybe.
Pays to go with the herd at times.
Reality has little to do with it.
Place underware on head as protection from shit-rain and join forces with robo-tard. No?

Fri, 03/16/2012 - 09:16 | Link to Comment j0nx
j0nx's picture

And there, dear friend, lies the REAL problem: the reflection in the mirror. The people are only concerned with matters such as snooki's baby and whether they can marry their gay lover. I don't blame the banks or the politicians per se because they are just sociopaths doing what sociopaths do. I blame the people for allowing it to get this far. The sociopaths serve at OUR leisure but somehow the people never seem to grasp that fact.

Fri, 03/16/2012 - 09:25 | Link to Comment BLOTTO
BLOTTO's picture

The thing is - the illuminati controlled main stream media is pumping this out to the masses to follow - Snooki, Kardashians, Rihanna, all that useless/mindless shit... all for a reason.

To distract the masses off the real issues at hand.

However, you are right - we(people) let this happen too... this did not happen over night.

Fri, 03/16/2012 - 09:17 | Link to Comment krispkritter
krispkritter's picture

I am what I eat, just sayin'...

Meanwhile, don't fret the lack of cash to buy trivial things like food! Obammy's re-election campaign now takes credit cards! Yes, you can help finance the career of a guy who's helped put you even deeper in the hole by....going even deeper into the hole!  Because if you're in a hole why stop digging or lie down? Keep digging!

http://www.theverge.com/2012/1/30/2758749/obama-campaign-square-reader-fundraising

Fri, 03/16/2012 - 11:40 | Link to Comment Shizzmoney
Shizzmoney's picture

+infinity

Makes me wonder, if the BLS/CPI number is saying to us that inflation hasn't affected as expected, wouldn't that mean a sharp progression to the mean in the future?

QE3 could actually be the trigger, with the market bloating on its impending flooding of cash into the market via rumor. 

But instead of being a nice warm cup of soup when it happens (and it will), when investors and pensioners and workers open up the can, it actually ends up being one big pile of shit.

Fri, 03/16/2012 - 08:59 | Link to Comment Silverhog
Silverhog's picture

If your planning a shitty outcome, then were on the right path.

Fri, 03/16/2012 - 08:52 | Link to Comment Racer
Racer's picture

Petrol in the UK is now 140p/L!!!!!!

Fri, 03/16/2012 - 09:17 | Link to Comment DavidC
DavidC's picture

I paid £1.428 per litre the other evening.
4.54609 litres to the gallon = £6.49 per gallon.
GBP/USD = 1.5810.
$10.26 per gallon.

DavidC

Fri, 03/16/2012 - 10:04 | Link to Comment unknownknowns
unknownknowns's picture

'should be noted that a US gallon is about 0.833 the size of a UK gallon so price per gallon will be proportionally lower in US gallons.

Fri, 03/16/2012 - 10:11 | Link to Comment jover
jover's picture

Allright, i live in west-vlaanderen, belgium

1.77 euro/litre

8.04 euro/gallon

Wooop-wooop 1.3 EUR/USD

10.46 USD/Gallon

iWin!

 

This was calculated from my Ipad

Fri, 03/16/2012 - 11:54 | Link to Comment Agent P
Agent P's picture

Hey Dave, looks like they're using the metric system to screw you!

Sun, 03/18/2012 - 13:38 | Link to Comment blueridgeviews
blueridgeviews's picture

Ouch! How many times a month do you fill up?

Fri, 03/16/2012 - 09:19 | Link to Comment j0nx
j0nx's picture

In American English please Racer?

Fri, 03/16/2012 - 16:25 | Link to Comment akak
akak's picture

Seabirds in the UK now cost 140 parsnips per Lamprey.

Fri, 03/16/2012 - 08:52 | Link to Comment Cursive
Cursive's picture

I'm thinking the US is going to see food riot with an appearance of the Egyptian guy wearing a bread helmet.

Fri, 03/16/2012 - 09:05 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Cursive,

Here is what I can tell you, from an agricultural perspective.  Many operations (ours included) have recently enjoyed the hike in soybean, corn, cotton and many grains.  We sold a bunch and the vast majority of our silos are empty (for perspective, we are a 23,000 acre operation).  We are planting early rotation crops now and hoping for another great yeild.  We were fortunate in that we bought a lot of our chemical requirements and fuel ahead of time.  Many operations did not.  I think you will definitely see matching increases in food cost relative to fuel and depending what mother Nature has in store for us maybe more.

FYI- most of our exports have been going to China and rather surprisingly, Russia (especially grains).

What I can tell you is that the crop density is higher than ever and we maxed out the productivity of the soil using numerous chemical and GM plants long ago. 

Want to go organic?  Expect 75% less in terms of production and expect to pay close to 300% more.

Fri, 03/16/2012 - 09:17 | Link to Comment manhunter
manhunter's picture

Industrial petrochemical intensive faming is coming to an end; it was a byproduct of the oil age. Can't grow without dumping chemicals on the soil? No gas for the combine? No gas for the truck to take your product?

Hopefully the soil can at least recover from the damage done.

Fri, 03/16/2012 - 09:30 | Link to Comment Conrad Murray
Conrad Murray's picture

It can. But not on a timeline sufficient to sustain 7 billion people.

Fri, 03/16/2012 - 09:43 | Link to Comment LawsofPhysics
LawsofPhysics's picture

There you go.  Plus one for you sir.

Fri, 03/16/2012 - 09:14 | Link to Comment junkyardjack
junkyardjack's picture

7 apples cost me $20

I think the only way you'll see americans lighting themselves on fire in the streets is if American Idol is cancelled. 

Fri, 03/16/2012 - 09:21 | Link to Comment j0nx
j0nx's picture

It wouldn't be covered in the mainstream propaganda news outlets anyway even if 1000 people lit themselves on fire in the middle of Constitution Ave. The news channels would read "traffic snarled on Const. Ave. due to blaze".

Fri, 03/16/2012 - 16:29 | Link to Comment akak
akak's picture

.

The news channels would read "traffic snarled on Const. Ave. due to blaze".

No, the headlines in the corporate-controlled media would read:

"Traffic snarled on Const. Ave. due to radical anti-government extremist terrorist acts".

Fri, 03/16/2012 - 10:15 | Link to Comment CynicLaureate
CynicLaureate's picture

Maybe we can use that for a new Reality Show:

Immolation Kings, on Bravo!

Fri, 03/16/2012 - 09:23 | Link to Comment krispkritter
krispkritter's picture

I laughingly posted that the Greek business-woman who was suffering business losses should open a bread helmet bakery.  Now I'm thinking that's not such a bad idea...

And when the Army fires up it's new 'heat-ray' crowd dispersement devices we'll really be toast.

Fri, 03/16/2012 - 08:52 | Link to Comment Burr's 2nd Shot
Burr's 2nd Shot's picture

There is no inflation until one actually observes prices.  The two charts bear this out.  In the first, based upon theoretical models, there is moderate to no inflation.  In the second, based upon actual price observation, there is significant inflation.

Perhaps this should also be called Heisenberg inflation, wherein nobody is really certain what inflation is until one observes it, but the act of observation actually changes the location and/or velocity of the inflation.

Fri, 03/16/2012 - 09:12 | Link to Comment junkyardjack
junkyardjack's picture

I believe they judge inflation by the price of the iPad which is the same as it was last year.  Wait a minute, it has upgrades from last year so actually its a bit cheaper than last year because you're getting more for the same amount of money.  OMG we're in deflation, Fed hit the print button!

Fri, 03/16/2012 - 09:23 | Link to Comment j0nx
j0nx's picture

There's inflation in the iPad too it's just that they are paying the slaves in China less to make them so that we don't see the price increase. Slave labor is excellent like that.

Fri, 03/16/2012 - 08:55 | Link to Comment scatterbrains
scatterbrains's picture

wtf is this "Urban" consumers thing? Let me guess,  they narrow the survey data to downtown Detriot/NYC  where there are no gas stations and thus no price increases.

Fri, 03/16/2012 - 09:03 | Link to Comment q99x2
q99x2's picture

They don't have to tell us anything. They are the NWO.

They f'ked things up. They lie. They need to be put in handcuffs.

Fri, 03/16/2012 - 08:56 | Link to Comment crawl
crawl's picture

When you skip paying mortgage or rent payments, inflation isn't a concern.

Only the fools that pay taxes, mortgage or rent are witnessing inflation.

Fri, 03/16/2012 - 08:57 | Link to Comment Buzzworthy
Buzzworthy's picture

Perception, bitchez.

Fri, 03/16/2012 - 08:58 | Link to Comment adr
adr's picture

January started a chain of the largest increase in prices I have ever seen. I saw my grocery bill shoot up 30% buying te exact same things as the month before. Stealth inflation in the form of smaller packages for the same price is even more rampant.

I have actually seen something new. Dropping costs on some items while reducing the quantity by 40%. Even though you get far less than before, you do pay less. The BLS loves that kind of thing.

Also the new iPad is highly deflationary in BLS accounting. It costs the same but has a quad core processor and a super high resolution screen. Even though there wasn't a tablet available with the same specs, just a monitor of that resolution would set you back $800 and the processing power would cost you $500. So buying an iPad actally has more than $800 of value built in. So prices for iPad type computing power actually deflated by over $800. That is how the BLS model works.

Fri, 03/16/2012 - 09:07 | Link to Comment Jim B
Jim B's picture

Ben Bernak is a thief! 

Fri, 03/16/2012 - 08:59 | Link to Comment Poor Grogman
Poor Grogman's picture

Look on the bright side...
If food and gas is all you can afford

then inflation does not concern you..

Does not concern you!

DOES NOT. ..CONCERN ...YOU!!!

Fri, 03/16/2012 - 09:00 | Link to Comment LouisDega
LouisDega's picture

iNflation bitchezz

Fri, 03/16/2012 - 09:01 | Link to Comment Whatta
Whatta's picture

My preferred brand of beer has gone from an "on sale" price of $9.99 per 12 pack a short couple of years ago to a now "on sale" price of $14.99. hmmm, mere 50% Non-inflation.

But, since it isn't inflation if I move down the pi$$water chain and drink Yeller Stank Beer at $1.99 a case...that is what I do to live with No Inflation.

Fri, 03/16/2012 - 09:01 | Link to Comment lizzy36
lizzy36's picture

Fucking government muppets.

Fri, 03/16/2012 - 09:06 | Link to Comment Quinvarius
Quinvarius's picture

In socialist Amerika government muppets pull YOUR strings.

Fri, 03/16/2012 - 09:09 | Link to Comment dwdollar
dwdollar's picture

In socialist Amerika you no determine inflation, inflation determines you.

Fri, 03/16/2012 - 09:03 | Link to Comment Quinvarius
Quinvarius's picture

Bpp is ready to breakout.

Fri, 03/16/2012 - 09:06 | Link to Comment Moneyswirth
Moneyswirth's picture

BLS is part of the Ministry of Propaganda.  If you think otherwise, you are a sheep or a fool or both.  Don't believe a word coming out of the halls of a Washington bureau.  It's only meant to massage and sedate the American people's anxiety.  That only works for so long.

Fri, 03/16/2012 - 09:27 | Link to Comment j0nx
j0nx's picture

Sheeeit. Have you TAKEN a look at the people in your hood lately? 30 years of multi-culturalism has taken its toll. Throw in a heaping helping of 30 years of political correctness and forget about it. The people are full out retards who either don't care or don't know wtf is going on.

Fri, 03/16/2012 - 09:07 | Link to Comment dwdollar
dwdollar's picture

Right...

Fri, 03/16/2012 - 09:10 | Link to Comment junkyardjack
junkyardjack's picture

The house always wins

Fri, 03/16/2012 - 09:11 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

hey, Powerball tickets went form $1 to $2 per ticket last month..100% inflation oh the humanity.

Fri, 03/16/2012 - 09:19 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

fire in the streets here in ol USA..can't happen, the people have been drugged demoralized and seduced with electrons on phones and such..all heros in the networld where so many humans now live..so how can there be fire in the streets? there are few concious beings left here.

Fri, 03/16/2012 - 09:33 | Link to Comment semperfi
semperfi's picture

When things get bad enough (they aren't yet - still a long way to fall) it will happen just like any other place.  We are just too spoiled here getting all the govt freebies (food, phones, medical care, shelter, etc) for just sitting on your ass all day being a low-life hacker.  When the govt spigot runs dry you will see riots like you haven't seen them before - not since the Rodney King riots in L.A. (I had smoke blowing over my house 10 miles away from that).

Fri, 03/16/2012 - 09:20 | Link to Comment Bastiat009
Bastiat009's picture

The entire world keeps voting for the fed or fed-like policies. Not one single western democracy is willing to elect a government that would put an end to the nightmare that is central planning, price fixing and market manipulation, and all that with the full support of the media.

So now if the Fed says you're not paying what you're actually paying and you give your vote to these guys, blame yourself.

Fri, 03/16/2012 - 09:28 | Link to Comment semperfi
semperfi's picture

Time to carve out a new country to where the enlightened can migrate to, re-instate The Constitution in full verbatim, and add an 11th item to the Bill of Rights:  11. No banks of any kind - death by stoning for those that try (stoning sounds fun - imagine stoning The Fed Boyz, the Rothschilds, etc..)

Fri, 03/16/2012 - 09:23 | Link to Comment semperfi
semperfi's picture

Too bad BLS didn't print 0.1% or even 0% and make bigger idiots of themselves to make citizens (not consumers) realize what a big farce the BLS has always been, and all the other govt agencies pulling numbers out of their hind ends to make themselves all look good so they can all keep their jobs (status quo).  Of course alot of so called citizens couldn't care a less either and they get what they deserve.  Which brings me to the subject of carving out a piece of the U.S. (illegally of course) to start a new country to where all the citizens that do care and are diligent can illegally migrate to and then not only reap the benefit of divorcing themselves from all the other morons but also the benefit of special illegal immigrant status from Obama & his Dem Boyz.  Win-win!

Fri, 03/16/2012 - 09:27 | Link to Comment rufusbird
rufusbird's picture

Isn't the Long bond suppose to be a leading indicator of inflation expecations?

http://finviz.com/futures_charts.ashx?t=ZB&p=h1

So much for the recent rally...( time to set the hook yet? )

 

Fri, 03/16/2012 - 09:47 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Yes, and maybe.  Japan has been here before, with considerably less natural resources.  Look what happened to their market initially.

Fri, 03/16/2012 - 09:32 | Link to Comment GMadScientist
GMadScientist's picture

A little hedonic tonic cuz the "Newer" iPad is "Resolutionary"...and voila!

Fri, 03/16/2012 - 09:37 | Link to Comment Element
Element's picture

iPad3 tastes like chicken doritos ... I like it

Fri, 03/16/2012 - 09:44 | Link to Comment Quinvarius
Quinvarius's picture

Was it a display model at the APPL store?  Hippy finger residue could explain the flavor.  Otherwise take it back.  It is supposed to taste like magic unicorn juice and magic unicorn skittles.

Fri, 03/16/2012 - 09:44 | Link to Comment Dr. Gonzo
Dr. Gonzo's picture

The Fed's "mandate" is to give us 2% inflation. WTF? rates are at 0%. They should change their mission statement to "destroy savers and the middle class." 

Fri, 03/16/2012 - 10:06 | Link to Comment Mike Cowan
Mike Cowan's picture

Burn in Hades, Bureau of Labor Statistics.

Fri, 03/16/2012 - 10:28 | Link to Comment Robot Trader's ...
Robot Trader's brother's picture

Gave the truck the day off again.

12 mile bike ride to the office this morning was very nice. 

Office clothes in one pannier bag, lunch in the other.

Sorry if I sound like a broken record on these high-gas-price threads.

Just trying to raise awareness of an alternative form of city transport.

Haven't bought gas in about 5 weeks.

The higher the price, the more often I ride.

Call it my personal boycott against high gas prices. 

Fri, 03/16/2012 - 11:26 | Link to Comment hangemhigh77
hangemhigh77's picture

You IDIOTS!!  The BLS is RIGHT about inflation!  It's LOTS lower now!!  Just go shopping with a gun.  I held up the local Hess station for a speedy fill up....FREE gas!!  I then went to the WalMart and got away with $479 in groceries, and a small Ipod of course, very deflationary.  Now I'm at the Police statio and I'm getting a free room for the night!!!  The govt doesn't lie they just want you to be more creative. They're trying to help us.

Fri, 03/16/2012 - 11:30 | Link to Comment hangemhigh77
hangemhigh77's picture

Look if you idiots would just stop eating then you wouldn't have to pay high prices for food.  Geez, how friggin DUMB are you IDIOTS!!!!

Fri, 03/16/2012 - 11:32 | Link to Comment hangemhigh77
hangemhigh77's picture

At some point you have to ask yourself, what's more important a cool iPad with super pixel turbo charged broadband and cool wifi? Or food?  That's a no brainer.

Fri, 03/16/2012 - 11:49 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

Inflation is theft.

STOP STEALING MY MONEY.FUCKERS...!!!

Fri, 03/16/2012 - 12:42 | Link to Comment malek
malek's picture

But the MIT Billion Price Project is also showing only 2.2% YoY inflation?  (104.5/102.2)

Have the PTB already successfully gamed that model?
I'm confused.

Fri, 03/16/2012 - 13:08 | Link to Comment ChacoFunFact
ChacoFunFact's picture

what you need is the inflation dash board.

http://www.frbatlanta.org/research/inflationproject/dashboard/

 

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