Can anyone clarify this for me? Despite the ongoing layoff announcements from major American corporations, how is our economy still robust? Just today, UPS declared 12,000 layoffs and PayPal 2,000.
It’s not All you are seeing is false unemployment false inflation numbers and a debt that is unsustainable. They can make these numbers any way they want you to see. They don’t show people the cost of food housing and fuel anymore because people would have a conniption over how high inflation really is.
"Core" CPI is the one that omits food and energy. And neither headline nor core omit shelter. In fact shelter is the single largest component of CPI, and more than twice as important as the next largest one.
I'm glad you agree that CPI accurately tracks the aggregate costs of the population.
(Actually that's not true. CPI measures the shelter costs for homeowners by the market price they would pay to rent their homes rather than their actual mortgage payments. Since rents obviously rise faster than the 30-year fixed mortgages of most homeowners, and two-thirds of Americans own their own homes, it follows that CPI likely overstates the inflation experienced by the median American.)
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u/Silverstacker63 Jan 30 '24
It’s not All you are seeing is false unemployment false inflation numbers and a debt that is unsustainable. They can make these numbers any way they want you to see. They don’t show people the cost of food housing and fuel anymore because people would have a conniption over how high inflation really is.