September 11, 2019

“U.S. President Donald Trump on Wednesday called on the "boneheads" at the Federal Reserve to push interest rates down into negative territory”

“The CPI readings can’t help you. In fact, using the Consumer Price Index can only harm your financial planning. Contrary to general understanding, the CPI does NOT measure the general price level, the experienced price level. It’s not designed to do so; it serves other aims. Thirty years ago, it did represent a fixed basket of goods and services, which is how we naturally think that inflation is measured. But it’s been repeatedly altered, with each change serving to reduce the reported figure.”

Steve Bregman

Via Rudy Havenstein