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James Davolos: The Best Businesses To Own During Inflation
Value Hive Podcast
The Disconnect Between CPI and Reports
For the longest time it seemed as if the Federal Reserve wasn't worried about inflation or they didn't see it so how long and this might be a naive question but how long is that lag between what people see in markets and then what the Federal Reserve actually reports. I think that the bigger issue is the way that CPI is measured according to some academics 20 years ago there were concerns we were overstating CPI. The more important metric that they use to massage CPI is what's called substitution which means you can substitute prime rib for chicken when prices are too high.
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