Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

Wolf Richter: What Worries me About “Hedonic Quality Adjustments”

Wolfstreet, Released on 12/1/19

As life is becoming unaffordable for these Americans, official inflation data artfully papers over it. This arcane device impacts investments, Social Security benefits, and inflation-adjusted data, such as “real wages” & “real GDP.”

Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries.

One Response to Wolf Richter: What Worries me About “Hedonic Quality Adjustments”

  1. Claude Reply

    12/02/2019 at 4:19 am

    Central banks price stability is only for the financial assets not for preserving any purchasing power
    inflation is the
    loss of the purchasing power of the currency
    it is currency devaluation-debasement
    it is the need of more fiat money to buy less of everything as wages salaries and fixed income are not anymore sufficiant to make a leaving so, you get debt
    it is financial repression
    the wealthy are able to buy lot of assets because of
    the Cantillon effect.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.