The Market Ticker - The Bare Fraud In The CPI
One of the interesting subtexts in today’s appearance on Stocks-n-Jocks today was related to the economic statistics. I covered a big part of the intentional distortions in ”Leverage”, but wanted to recap one of those areas that in particular has a huge problem, simply because it makes up so much of most people’s monthly expenditures.
That’s housing.
The CPI indices do not include house prices at all. They instead include what is called owner’s equivalent rent, which is what the government estimates you could rent your primary residence for had you chosen to rent instead of buy.
There…….
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Source: https://www.market-ticker.org/akcs-www?post=232766
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