Wednesday, July 21, 2010
Lowest 10-Year Inflation Rate in Forty Years...
...at least according to the government. In last Friday's release of the CPI, the ten-year change in consumer prices dropped to its lowest level in over forty years. Over the last ten years the CPI has risen 25.97%. The chart below shows the rolling ten-year change in the CPI. Not since June 1969 has the ten-year rate of change been this low.
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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