Shadow Government Statistics : Home Page it's closer to 25% Unemployment..
So you won't believe statistics from the BLS for some reason, but you're perfectly content believing any old statistics that some guy on the internet may as well have just made up. If I had a website saying the real rate of unemployment was 5%, would you believe me?
Confirmation bias - Wikipedia, the free encyclopedia
Inflation isn't 8%.
The argument during the housing boom was that the CPI didn't accurately capture the rising price of homes and thus inflation was understated. I agree. However, if that argument was correct, it's also correct on the downside too. Home prices have collapsed, and the CPI underestimated the decline of inflation, if not outright deflation. But those who are convinced that there is massive price inflation ignore this now and instead focus on food, gas and commodity price inflation. So the inflationistas who pointed to soaring housing costs as to why inflation was higher than the official figures are now ignoring collapsing housing prices and are instead focusing on other areas since they have a narrative they want to perpetuate.
All of that is probably true and I have a great deal of respect for your opinions.
However, in business, we have capital dollars and expense dollars. Near the end of any fiscal year, we often find that we are out of one or the other and that impacts decisions made on how to procure what is needed to both achieve budget and to conduct business.
Expense dollars buy disposables and capital dollars buy assets.
In an individual's monthly budget, the disposables: Gas, food, toilet paper and such don't have quite as clear a separation from the mortgage payment as exists in a business, but it's still there.
The cost of the mortgage is stable even if the value of the house changes while the price of a tank of gas causes a realignment of spending priorities.
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