Nice headline.....yeah that 5 pack of white socks that I get at Walmart has dropped a nickle....
Making (or should I say justifying) decisions on inaccurate (or should I say fradulent) information.....
I think what dunapologizing really means is that Ben has the tastiest balls of any central banker he's ever sampled. Never seen so much apologizing for a central banks' actions, especially when they have been CLEARLY INEFFECTIVE at doing anything other than creating more bubbles in other asset prices.
It's not hard to "improve" the unemployment number, the ratio of those seeking employment to those actually employed (the crooked version used by govt), if you put a bunch of job snipers out on building tops and take out "those seeking employment" one by one, is it? Employment-to-population ratio gives us a much more accurate version of what the job picture is out there, and it ain't that pretty.
"1) inflation, which is under control"
It's isn't anywhere near where the FOMC wants it you idiot. That is the whole #$%$ point. They have been blowing money on QE's forever and they still can't make anyone borrow or even cause a hint of inflation at 2% like their want.
Good, then they have no business buying any financial assets do they? Is that their mandate to buy bonds, mortgages and stocks? They are only supposed to accept bonds as collateral, not buy anything outright.
We just don't agree that the technical measure for CPI is disconnected with the actual inflation in our economy.
Other than energy softening in this quarter all of the living costs that I am experiencing are and have been moving up. Health Care, Insurance, Housing, Education, Food etc. I'm sure that your costs are going down.