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Giuliano Giacaglia
@giu
"There are 3 kinds of lies: lies, damned lies, and statistics." The BLS today released a lower than expected PPI. In it, the BLS stated that prices for gasoline decreased 3.6 percent even though prices are up 6.3% more. This is not the first time this kind of "mistake" happens
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Mitchell C
@macroguy
It's hedonistic adjustments. Cars are getting more efficient and the mpg, getting better. Hence even with a real 6.3% increase in gas prices, the "savings" you made driving more efficient cars is 3.6%. They do the same for computer processing power too, charlatans.
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