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From the Politics channel »
Misconceptions and Myths About the CPI
http://mjperry.blogspot.com/ 2008/ 09/ addressing-mis...
WASHINGTON (MarketWatch) -- The U.S. government has been understating inflation, which has led investors to misprice stocks, bonds and real estate, noted bond-fund manager Bill Gross said Thursday. The real problem is not that the government publishes dubious numbers but that investors believe them and make decisions based upon them, he said. A recent comment on Carpe Diem: "To change the definition of CPI to erase the effects of inflation is not only disingenuous, but outright fraud."From the recent BLS Study "Addressing Misconceptions About the Consumer Price Index" written by John Greenlees
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