CPI: Difference between revisions

|content=Fed's Huge Problem: Main Street Does Not Believe The Fed's & Wall Street's Inflation Forecasts https://zerohedge.com/markets/feds-huge-problem-main-street-does-not-believe-feds-wall-streets-inflation-forecasts

|content=You are experiencing 7.5% inflation.

So @BLS_gov quotes you 7.5% inflation and NONE of you know what it represents, and NO economist on #EconTwitter will explain the .5% precision?

“Inflation is transient.”

“CPI is a measure of the COL.”

the fed has smart people. how were they so wrong about inflation being transient, when it seemed so obvious to most people that it wasn't going to be?

|content=This happened. It hasn’t always been like this. This is still possible. We could do this with Epstein, Wuhan/COVID, Bagram, '''CPI/Inflation''', Stock Trading in Congress, Tech Censorship of political speech at government request:

Also Economists: Konus taught us that Inflation is measured relative to agents’ PERSONAL preferences.

|content=[Yes there are sub reports on inflation. But the use of, and focus upon, a single number with opaque methodology and misleading description is preposterous. Bad theory. Bad economics. Bad government.]

|content=<nowiki>#</nowiki>inflation '''#CPI''' #CostOfLiving

F = Food in kgs

G = Gasoline in ltrs

|content=That function is akin to the temperature or pressure I keep talking about in the standard inflation theory. From there, we move to what is wrong with the standard theory. But this would already show you what is wrong with BLS’ crazy claims to be computing the cost of living. 🙏

|content=That is not gauge theoretic yet because we are assuming fixed tastes. But we have to understand the **mountain** of layered nonsensical assumptions in [[CPI]] measurements of COL inflation. [[CPI]] as COL isn’t even consistent with pre-gauge theoretic theory. It’s sort of unbelievable.

|content=Great question. Inflation is SUPPOSED to be a group valued field. In the case of bilateral trade it’s an element of GL(2,R) although the economists haven’t gotten there yet. But it is mostly not a field on Geography. It’s a field on path, Loop, preference and geographic spaces.

|content=Great question. Inflation is SUPPOSED to be a group valued field. In the case of bilateral trade it’s an element of GL(2,R) although the economists haven’t gotten there yet. But it is mostly not a field on Geography. It’s a field on path, Loop, preference and geographic spaces.

|content=I have heard you say inflation looks more like a heat map, than a single number. Would you say a heat map by both geography and product? Good morning

|content=Q2: Why is inflation a field on LOOP spaces of preferences?

|content=A2 Continued: If you don’t make loops of tastes and prices, you will show meaningless regular inflation if prices, quantities and tastes Circle back to their initial Jan 1 values. This confuses economic experts (Like Diewert) when it comes to chain/path indices…which is up next.

|content=Q3: Why is inflation a field on Path Spaces of Looped Preferences/Prices?

|content=Q4: Why do you say indexes are Group-Valued? Isn’t inflation just a number?

|content=A4 Cont.: Only 1x1 matrices commute. NxN matrices do not! And if A.B isn’t B.A, the system goes non-linear. So if you have 2 countries with 2 currencies, the commutative case doesn’t work at all. You need to use Freeman Dyson’s system of Time Ordered Products to save inflation.

|content=Q5: So let’s see. Inflation is a field like temperature. But a field in a fiber bundle over ♾-dimensional path spaces of loops of preferences/prices valued in non-commuting groups leading to non linearities not addressed by economists? What about actual geography!”

|content=They have two black boxes. One is called '''CPI construction'''. One is called the Fed. The theory is a narrative. The narrative doesn’t match the actions.

|content=Great question. Inflation is SUPPOSED to be a group valued field. In the case of bilateral trade it’s an element of GL(2,R) although the economists haven’t gotten there yet. But it is mostly not a field on Geography. It’s a field on path, Loop, preference and geographic spaces.

|content=I have heard you say inflation looks more like a heat map, than a single number. Would you say a heat map by both geography and product? Good morning