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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 03/14/2008 : 08:46:33
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There are some funny quotes in this article about the latest CPI figures that show how some people in the "business" feel about government reported inflation numbers. I know there are still a few people around that are in denial about the real inflation rate lies and these quotes are for them:
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"Initial look at it is kind of bizarre," Robert Macintosh, chief economist at Eaton Vance Management in Boston, told Reuters. "I don't know why you don't see inflation here. It must be a faulty measurement system -- it makes no sense whatsoever."
"This is the most absurd number I have ever seen," Tom Sowanick, chief investment officer at Clearbrook Financial in Princeton, N.J., told Reuters, calling out the energy drop in particular. "These numbers aren't believable. In the real world, nobody would believe today's figures."
"I would be skeptical of the whole report," Art Cashin, director of floor operations at UBS Financial Services, told CNBC.
"Now we can all go on imagining there's no inflation and the Fed can continue pretending that the rate cuts aren't going to come at a cost. So the party goes on," Michael Darda, chief economist at MKM Partners LLC in Greenwich, Conn., told Reuters.
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Government Inflation Numbers
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