Road To Wisdom? To err and err and err again, but less and less and less...
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Inflation is really booming on this one chart
Even by conventional measures, it looks like inflation is heating up. Consumer prices jumped 0.6% during the month and by 2.5% over the last 12 months, the Labor Department reported Wednesday. But on another gauge watched by economists, prices are really picking up. An inflation measure called the 16% trimmed-mean consumer price index shot up at a 3.7% annual rate in January, the fastest rate in nearly six years. What that mouthful of an inflation measure does is exclude the top 8% of the CPI components with the highest and lowest one-month price changes. The idea is to give a better sense of all prices and not just ... (full story)
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Carbon-Dioxide: the gas of life!
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Road To Wisdom? To err and err and err again, but less and less and less...
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