While we were out yesterday we were surprised because the gas prices were back up to $3.99/gal. Over the last two weeks the prices have gone up to that near $4/gal, then down by 11 cents, then down to $3.77, then up again to where it is now. We just wonder what the hell is going on with the market. They last night one of the economic segments the news readers spouted on about the wonderful economic news and linked it to 'lower gas prices.' We looked at each other and asked "Where?!!?" We say that often when listening to the news. The comments simply don't jibe with our experience.
The powers that be keep telling us that inflation is low but that also doesn't jibe with our experience. Oh, yeah! I forgot--the prices we experience each day aren't counted in the headline numbers. Our favorite brand of canned fruits and jams just raised its price by double. We will use what we have and then go for something cheaper. Just to remind you that is the kind of behavior the chained-CPI is supposed to "take into consideration" to calculate the "real" inflation rate. And the doubling of Mom's health insurance premiums aren't included either.
I have been reading a good bit about 'nudge theory' lately. Why should I be interested in that, you ask? I will let Yves Smith at Naked Capitalism explain with specific reference to the ObamaCare implementation that is coming and the forms that we "