I almost missed this earlier this week, and its on point to our prior discussion: The WSJ asked its readers: "Does the government’s consumer-price index accurately reflect the inflation rate you face?"
Not surprisingly, 75% said CPI understates inflation:
Mar-20 5:30 pm
In the past, I have warned against relying on the magazine cover indicator for specific companies. There are some very specific caveats on this here. The reason for this is that, in my experience, the Cover Indicator is useful for determining when large social phenomena are reaching an emotional crescendo. Oftentimes, emotions take over at…Read More