SHOCK: ECONOMY SHRINKS

[Zippyjuan]

This can be a good source for numbers (figures are percent change compared to same month a year before- they have longer time period charts as well):
http://inflationdata.com/inflation/I...tInflation.asp

Inflation Rate in Percent for Jan 2000-Present

Our Inflation rates (see table below) are calculated to two decimal places while the government only calculates inflation rates to one decimal place. Therefore, while being based on the government's index our data provides a "finer" view. January and February 2005 is a perfect example, according to the government statistics both months had an inflation rate of 3%. In January however, our data shows it as 2.97% and February shows as 3.01%. Therefore instead of the inflation rate being "flat" it is actually rising slightly. In another example we see August 2003 and September with the Government saying the rates were 2.2% and 2.3% respectively. This would lead us to believe that inflation rose .1% during that period. In actuality however, it rose from 2.16% to 2.32% or a .16% increase, substantially more than .1%!

The Inflation rate table below is updated monthly and provides the current US Inflation Rate plus Monthly Inflation Rate data back to January 2000. The Inflation rate is calculated using the Current Consumer Price Index (CPI-U) published monthly by the Bureau of Labor Statistics.

Their latest figures show a rate for December 2012 of 1.74% compared to a year before and indicate an average for the entire year of 2012 of 2.07 (averaging each monthly figure).

[Carson]

This can be a good source for numbers (figures are percent change compared to same month a year before- they have longer time period charts as well):
http://inflationdata.com/inflation/I...tInflation.asp



Their latest figures show a rate for December 2012 of 1.74% compared to a year before and indicate an average for the entire year of 2012 of 2.07 (averaging each monthly figure).

From your own website;

To Calculate a whole year
use the same month, i.e., Jan. 2010 - Jan. 2011 gives a full year.
Jan - Dec only gives 11 months. (Do not select current month)

Cumulative Inflation Results

Total inflation from January 1969 to January 2012 is 536.70%

Or about 12% a year.

http://inflationdata.com/inflation/I...alculator.aspx

[erowe1]

From your own website;

To Calculate a whole year
use the same month, i.e., Jan. 2010 - Jan. 2011 gives a full year.
Jan - Dec only gives 11 months. (Do not select current month)

Cumulative Inflation Results

Total inflation from January 1969 to January 2012 is 536.70%

Or about 12% a year.

http://inflationdata.com/inflation/I...alculator.aspx

537% in 43 years is only about 4% a year on average. And a lot of those years had much higher inflation than we have had lately, at least measured by CPI.

1.04^43=5.40

[Carson]

537% in 43 years is only about 4% a year on average. And a lot of those years had much higher inflation than we have had lately, at least measured by CPI.

1.04^43=5.40

What does this mean? "1.04^43=5.40"

[oyarde]

You may soon get to the point where a particular inflation number may not matter as much as what exactly is inflating. Remember these keys . Job growth is determined by business. The economy is driven by consumer spending . Now examining the facts, taxes will lower the bar for the people, regulation will lower the bar for business , health bill lowers the bar for all. Now you should arrive @ no growth, except Govt growth . The keys to inflation in America are what takes money away from consumer spending .Taxes , fees, fines , food , energy. If a guy uses three gallons of gas a day , five times a week @ $3, that is $2340 ayr , if he uses three gallons a day @ $4 five days a week , it is $3120 a year. The new fridge ( as an example ) is gone from the budget.

[oyarde]

Then , you must consider , if inflation is 5 percent , or whatever,( taxes etc ) wages will not keep pace , We basically are living in a time, when an ordinary person will make around the same and be able to buy less.....

[Danke]

You may soon get to the point where a particular inflation number may not matter as much as what exactly is inflating. Remember these keys . Job growth is determined by business. The economy is driven by consumer spending . Now examining the facts, taxes will lower the bar for the people, regulation will lower the bar for business , health bill lowers the bar for all. Now you should arrive @ no growth, except Govt growth . The keys to inflation in America are what takes money away from consumer spending .Taxes , fees, fines , food , energy. If a guy uses three gallons of gas a day , five times a week @ $3, that is $2340 ayr , if he uses three gallons a day @$4 five days a week , it is $3120 a year. The new fridge ( as an example ) is gone from the budget.

wtf, I just went for a drive and saw the price of fuel up to $3.40 a gallon. Are you Indians in on this?

[RickyJ]

Most of it was blamed on companies holding back on doing anything while they waited to see what was going on with the Fiscal Cliff issue. Defense spending was lower after a huge surge in October (last month of the fiscal year) and that dropped off as well. Things are expected to rebound next month.

http://online.wsj.com/article/SB1000...039517142.html

I hope you are right, I really do. I know eventually the house of fiat cards will fall, but I would rather it not happen right now.

[Carson]

wtf, I just went for a drive and saw the price of fuel up to $3.40 a gallon. Are you Indians in on this?

How! The last time I recorded mine it was $3.599.


Timeless sign.



He could paint it on the building if he wanted too.

Actually according to the Silver and Gold Payment Calculator gas looks a little higher low now (It's confusing). Back in the sixties the price held about 17 to 25 cents, if I remember right. Still pretty close to what real money's value is and has held up to over the years.


Pay with silver…

$0.15 face value of US Silver Coins worth USD $3.40 **

http://www.silverandgoldaremoney.com/

[Danke]

Timeless sign.



He could paint it on the building if he wanted too.

Actually according to the Silver and Gold Payment Calculator gas looks a little higher low now (It's confusing). Back in the sixties the price held about 17 to 25 cents, if I remember right. Still pretty close to what real money's value has held up to over the years.


Pay with silver…

$0.15 face value of US Silver Coins worth USD $3.40 **

http://www.silverandgoldaremoney.com/

How! The last time I recorded mine it was $3.599.