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‘The James Bond Index’ vs the official CPI ....7% inflation ?!
Posted: Thu Jan 17, 2013 1:27 pm
by murphy_p_t
http://www.hindecapital.com/blog/skyhigh-or-skyfall/
can this guy be right? Is his Bond index representative? Inflation rate is really 7% ?
Re: ‘The James Bond Index’ vs the official CPI ....7% inflation ?!
Posted: Thu Jan 17, 2013 1:40 pm
by Pointedstick
I could believe that the movie ticket CPI is 7%. But then again, the desktop PC CPI would be closer to -10%. It's easy to cherrypick individual products that may have high inflation (movie tickets, medical expenses, college tuition, etc), but in the aggregate, I think the official measurement reflects the average better.
Then again, nobody's expenses are average. If your primary costs are movie tickets, beef, and gasoline, your personal inflation rate probably feels very punishing indeed. But if you mostly buy used electronics, vegetables, and low-end textiles, you might wonder what all the fuss is about.