Quote:
Originally Posted by tommy156
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Lol. You crack me up, tommy. Always squirming for a way out when you're cornered. You make this too easy.
When you say prices will (or won't) come down, everyone with normal reading comprehension takes it to mean the
general price level, as measured by an average or an index based on a basket of commodities. You know, like the
Consumer Price Index or CPI. You're familiar with it, right?
The CPI last month was 316.44. A year ago, when you promised "prices will be coming back down", the index stood at 308.02. Can you do the math? I can.
US consumers last month had to pay 2.7% more than they were paying in November 2003 for the same basket of goods. So your prediction was plainly incorrect. In general, prices went up, not down.
Of course, in any given month the prices of SOME items in the CPI basket of goods will go down, while others go up. The index just measures the average change each month.
You seem to think it's ok to cherry-pick whatever commodities support whatever point you're trying to make at any time. Lol. Well, if that's the standard then I'm sure you won't complain if 6 or 12 months from now, I cherry-pick my own basket of consumer items to prove trumpy was right and by golly, prices DID come back down!
Alternatively, if you want to revert back to the norm accepted by all honest, reputable, non-partisan economists and use the CPI as a proxy for prices in general and a yardstick for overall inflation, then you will man up and admit you were wrong in your prediction a year ago that "prices will be coming back down".
So... you choose the standard, tommy. Should we use the CPI? Or do we get to cherry-pick and change the prices we look at to make a partisan point? I'll let you make that call. Just be consistent.
(Did you really say "swing and a miss" lol? The only thing you "nailed" is your own ass.)
