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<p>[QUOTE=&quot;longnine009, post: 2302742, member: 1886&quot;]Money and markets are a confidence game. What the truth is about anything is not as important as what the aggregate of the market believes. Keep that in mind when after reading Reuters (and other authority figures real or in their dreams ) your left&nbsp; with the impression that they just finished with a&nbsp; Vulcan mind meld on 100 million investors&nbsp; to determine why a market acted as it did. They don&#039;t know.</p><p><br /></p><p>Whatever the truth is about inflation there is an incentive to understate it to make&nbsp; the currency look better, to rip off pensions and unions when it comes to&nbsp; COLA increases, to&nbsp; make GDP look better and&nbsp; to keep&nbsp; subsidizing the cronyist carry trade with ZIRP, claiming fears of future deflation.</p><p><br /></p><p>Whether any that is true or not matters, IMO, very little. People right now have a lot of&nbsp; faith in government so they are inclined to believe what the BLS says.</p><p><br /></p><p>[MEDIA=youtube]lzMb3eFMB7E[/MEDIA][/QUOTE]</p><p><br /></p>

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