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A rogue's gallery of inflation hucksters have made lots of money over the years by preying on the sense that the average consumer/investor has that "my inflation is higher than the CPI," with some spin usually on how the gov'mint is intentionally understating inflation for some nefarious reason. These hucksters take advantage of the fact that, for reasons that are so native to the economic system that Daniel Kahneman won a Nobel Prize for describing them, consumers perceptions are not just biased, but biased in systematic ways - which, in the case of inflation, always tends to increase the perceived level of inflation. In this episode of Cents and Sensibility, the Inflation Guy explains how these biases operate on our sense of inflation. If you too want to sound erudite at your next cocktail party - "Actually, Muffy, inflation just seems like it's 10% because..." - then this is a must-listen episode. If not, then you're also probably invited to more cocktail parties than the Inflation Guy is. NOTES Ashton, Michael, “Real-Feel” Inflation: Quantitative Estimation of Inflation Perceptions, Business Economics, Volume 47, pages 14–26, (2012) (https://link.springer.com/article/10.1057/be.2011.35 ) Blog callback: Eighth Grade Math vs Shadowstats (https://inflationguy.blog/2021/05/25/eighth-grade-math-vs-shadowstats/ ) Podcast callback: Ep. 72: Chapwood Index vs CPI – Which is the Better Inflation Index? (https://inflationguy.podbean.com/e/ep-72-chapwood-index-vs-cpi-%e2%80%93-which-is-the-better-inflation-index/ ) Blog for this month's CPI: “Inflation Guy's CPI Summary (August 2024)” (https://inflationguy.blog/2024/09/11/inflation-guys-cpi-summary-august-2024/ ) To Subscribe to Quarterly Inflation Outlook: https://inflationguy.blog/shop/ (we may close up subscriptions to this soon) To Subscribe for free to the blog: https://inflationguy.blog/ Check out the website! https://www.EnduringInvestments.com/
Inflation is much worse than advertised. But you already know that if you've been in a grocery store at any point over the past year. But how much worse? Two to three times higher than the government typically reports. Ed Butowsky's Chapwood Index is better, and easier to understand than the BLS statistical magicians.
There is something between 'snake oil salesmen' and trusted information providers. People giving you folk remedies are generally well-intentioned, but merely lack the background to be truly authoritative about the malady they are trying to cure. So it is with economics, and these days especially with inflation. In this episode, the Inflation Guy gives three current examples of inflation-related advice and popular models that fall into the category of 'inflation folk remedies.' NOTES: Book: This Time is Different: Eight Centuries of Financial Folly by Carmen M Reinhart and Kenneth S Rogoff Podcast callback: “Ep. 72: Chapwood Index vs CPI – Which is the Better Inflation Index?” Article: “This Statistic Could Be Distorting How We Think About Inflation,” New York Times.com Article: “Disentangling Rent Index Differences: Data, Methods, and Scope”, by Brian Adams, Lara Loewenstein, Hugh Montag, and Randal J. Verbrugge Blog Article: “Multivariate Core Trend Inflation”, Federal Reserve Bank of New York
The Inflation Guy is often asked about the Chapwood Index, which is a non-governmental inflation index that is billed as a “true cost of living index, unlike CPI.” In what ways does this index achieve that goal, and where does it fall short? This episode also serves as another illustration of how the Inflation Guy can go off the rails even when given a simple assignment. Which is better, Chapwood or CPI? See what the Inflation Guy has to say about the matter. Notes: Price Stats (neé Billion Prices Project) https://www.pricestats.com/inflation-series?chart=1837 - an independent (but no longer free) inflation index that the Inflation Guy likes better than the Chapwood Index. Blog article: “Eighth-Grade Math vs Shadowstats” https://inflationguy.blog/2021/05/25/eighth-grade-math-vs-shadowstats/ Podcast callbacks: “Ep. 7: Rents and Sensibility” https://inflationguy.podbean.com/e/ep-7-rents-and-sensibility/ “Ep. 4: The Making of an Inflation Indedx” https://inflationguy.podbean.com/e/inflation-guy-podcast-episode-4-the-making-of-an-inflation-index
Adam and Steve discuss the latest in financial news highlighting the Chapwood Index, liquid CDs, and the proposed tax on waiters and waitresses!
Tom welcomes Chris Irons, host of the Quoth The Raven podcast, to the show. Chris discusses the realizations he came to while working in the corporate world. This understanding led him to conclude that modern financial systems are essentially nefarious schemes that benefit politicians and the wealthy. Living within your means does not appear to be a policy in the macroeconomic world of bankers and politics. None of the rules of prudent investing apply in the macro world today. We're fast approaching 30 trillion in debt and spending far beyond our means. At this level, it's "okay" to spend more than one earns. The macro world has decided that everything is okay instead of just addressing the root issues. Inflation acts as a silent tax that most don't notice or understand. For example, the Fed argued that Quantitative Easing wasn't occurring during the Repo market in November of 2019. Still, Chris called the Fed chair out, and six months later, we had unlimited easing. The truth is the Fed officials don't seem to have a clue and are completely incompetent. He discusses the Gamestop movement and the follow-up Congressional hearings. So much of the young public is pissed off but doesn't quite know where to focus that energy. The middle class knows they are being screwed but there not sure how the great Fed machine works. If they understood, they would riot, but instead, they are slowly choked by this silent machine. We're entering uncharted territory where valuations can be high, and there is no apparent risk of market corrections. The Fed is buying everything, including ETFs, and these policies encourage people to take on speculative risk and borrow. He argues that the Fed completely controls bond markets. Chris expresses concerns about Bitcoin lacking purpose, and many argue that gold is much better at wealth preservation. He's not sold that Bitcoin will be the answer to reckless monetary policy. It does have price discovery, and the volatility is not a bad thing. However, this does work against it as a good store of value. The U.S. dollar has been defiled and mangled to the point of no return. Unfortunately, those in charge have shown no interest in protecting the dollar and now believe printing is the solution to every problem. Talking Points From This Week's Episode Unravelling the macro bullshit global economy.Questioning the competency of the Federal Reserve and the U.S. Monetary Policy.CPI, Hedonic Quality 'Adjustments', and the Chapwood Index.Bonds, irrational markets, borrowing, and speculative risks. Time Stamp References:0:00 - Introduction1:43 - Chris's Background5:30 - A Bullshit Economy17:36 - A Weighted Blanket26:52 - Inflation Metrics30:28 - Markets & Risks35:02 - Bubbles & Bitcoin42:30 - US Dollar & China47:54 - China & Incentives52:00 - Outlook for Gold57:33 - Wrap Up Guest Links:Youtube: https://www.youtube.com/channel/UCxUo55-0ScpOQNdug8FCzzA/videosPodcast: https://quoththeraven.podbean.comTwitter: https://twitter.com/QTRResearch Chris Irons is the host of The Quoth The Raven Podcast.
Finanse Bardzo Osobiste: oszczędzanie | inwestowanie | pieniądze | dobre życie
Czy hiperinflacja w Polsce jest realna? Czy GUS fałszuje wyniki inflacji, żeby wprowadzić nas w błąd? Do jakich poziomów inflacji dojdziemy? To tylko niektóre tematy, które poruszam dziś z moim gościem. Jeśli martwi Cię rekordowa inflacja w Polsce – ten film jest dla Ciebie! Ten film powstał we współpracy z Wojciechem Świdrem doktorem nauk ekonomicznych i pracownikiem naukowo-dydaktycznym Uniwersytetu Ekonomicznego w Poznaniu
Exposing the True Inflation Rate- The Chapwood Index. Peter Schiff and Adam Taggart. Soaring CPI Shocks Clueless Investors and Economists https://www.youtube.com/watch?v=49pTy4ZUDgo&t=183s Peter Schiff 452K subscribers CPI numbers shock expectations. Biggest monthly gain in #CPI since 1981. Gasoline supply chain disrupted by ransomware hack. Price gouging alleviates shortages. Unemployed workers shouldn’t be picky. Disincentivizing people from jobs is not good for the economy. #Dogecoin traders buy the rumor and sell the fact on Elon Musk SNL appearance. Accolades have gone to Cathie Woods’ head. #ARKK will likely make a new 52 week low this year. CNBC continues to ignore emerging markets, value stocks, and gold. The people saying sub-prime was contained in 2008 are the same people saying inflation is transitory now. Thanks Raycon!. Go To https://buyraycon.com/gold for 15% off your entire Raycon order. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/... SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Exposed! The Hidden Inflation Eating Your Money Chapwood Index calculates the true cost of living is 5x what the government reports. Do you feel like no matter how hard you work, it’s harder and harder to get ahead? There’s a good explanation for that. And it’s maddening. The government intentionally and dramatically underreports the true cost of living, and that fake low number is what most employers use when they set the wages they pay. So your paycheck isn’t growing nearly as fast as it needs to in order to stay ahead of inflation. Mar 12 2021
Exposing the True Inflation Rate- The Chapwood Index. Peter Schiff and Adam Taggart. Soaring CPI Shocks Clueless Investors and Economists https://www.youtube.com/watch?v=49pTy4ZUDgo&t=183s Peter Schiff 452K subscribers CPI numbers shock expectations. Biggest monthly gain in #CPI since 1981. Gasoline supply chain disrupted by ransomware hack. Price gouging alleviates shortages. Unemployed workers shouldn't be picky. Disincentivizing people from jobs is not good for the economy. #Dogecoin traders buy the rumor and sell the fact on Elon Musk SNL appearance. Accolades have gone to Cathie Woods' head. #ARKK will likely make a new 52 week low this year. CNBC continues to ignore emerging markets, value stocks, and gold. The people saying sub-prime was contained in 2008 are the same people saying inflation is transitory now. Thanks Raycon!. Go To https://buyraycon.com/gold for 15% off your entire Raycon order. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/... SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Exposed! The Hidden Inflation Eating Your Money Chapwood Index calculates the true cost of living is 5x what the government reports. Do you feel like no matter how hard you work, it's harder and harder to get ahead? There's a good explanation for that. And it's maddening. The government intentionally and dramatically underreports the true cost of living, and that fake low number is what most employers use when they set the wages they pay. So your paycheck isn't growing nearly as fast as it needs to in order to stay ahead of inflation. Mar 12 2021
Tucson Bitcoin is meant to be educational and not financial advice. The goal of the podcast is to provide resources for individuals to learn about better money so that they can make more informed and better financial decisions. I will never give you specific investment strategies, trading advice etc. Beware of scammers in the comments. Tucson Bitcoin Meetup:https://www.meetup.com/tucson-bitcoin-meetup-group/Arizona Bitcoin Network Meetup:https://www.meetup.com/azbitcoin/Podcast Video:https://www.youtube.com/channel/UCa6jKjWNHGATG3AFUlMGyqQDonate Bitcoin:https://btcpay.tucsonbitcoin.com/apps/2pPJnJZEmJuSgzHc6pEFyExuEAds/crowdfundTwitter:https://twitter.com/Tucson_Bitcoin
Incorrect inflation projects destroy financial plans and can ruin retirements. Ed Butowsky has created the Chapwood Index to help advisors better serve their clients and provide geographically focused inflation calculations. He comes on the show with Jay Coulter to discuss its history and construction.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
If you believe that you are being lied to by the government, Federal Reserve, etc. and that the real cost of living increases you are seeing everyday at the supermarket, your rent, your health insurance premiums, etc. is going WAY up faster than the supposed target inflation rate, then you will want to hear this episode. We unveil the truth as to how you could be losing half of your entire wealth to the devaluation of the $USD in 5-10 years and if that doesn't force you to rethink your retire early strategies, I don't know what will.
Ed Butowsky, top wealth manager in Dallas and managing partner of Chapwood Investment, LLC, discusses what is the role of a financial advisor and what you should be aware of when you talk to one.
Steve and Adam discuss another down week in the market, then tell you what your options are with a large, concentrated stock position, and discuss the lack of reported inflation vs what the Chapwood Index really tells us.
Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to examine the difference between the Government's CPI number and the Chapwood Index.
Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business' Varney & Company to analyze twelve key presidential swing states whose unemployment numbers are at or below the national unemployment average and how they rank on the Chapwood Index relative to the national CPI number.