Go to Jeff Salisbury LWGate Home Page.From: Spencer48@aol.com
Subject: Re: [CANSLIM] Inflation Confined
Date: Tue, 29 Oct 2002 22:33:02 EST
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Mike:
Just an observation: I would bet that taxes and spending on govt.
services is rising higher than the rate of inflation. I would also believe
that the most competitive industries with companies that produce commodities
(like supermarkets and computers) have less of a rise in their prices. (As
the lamented Katherine might remind us: CPI is just the avg. of prices in
goods & services that rise and fall. And in an avg. there are items which
are above the avg. and items which are below.
Since govt. is a monopoly with a built in demand (no matter how poorly
it might serve its costumers, if you don't pay for its services you'll end up
in jail), using CPI as reflective of the prices that govt. charges for its
services is like comparing a shark to the rest of the non-predatious fish in
the sea-you can say that they're all fish, but still they are not the same.
jans
In a message dated 10/29/2002 6:00:19 PM Eastern Standard Time,
mike@proactech.com writes:
<< I didn't mean to say that there was no inflation, just that the rate of
inflation is relatively low.
According to the BLS (which one could choose to distrust, of course, or
argue,validly, that it its not a representative number) the
overall increase in the CPI over the last 12 months for all cities was 1.5%
while the increase in medical care was 4.6%.
Aloha,
Mike Gibbons >>
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