Why the Disconnect: Population vs Pros, part II
As per our earlier discussion: We know health care costs have skyrocketed, that education costs are through the roof, and that Housing doubled over 7 years and has since fallen modestly from those levels (about 15-20%).
Then there are the commodities: Let's look at a few data points, to see who is less in touch with reality: The gloomy populace, or its Economists:
>
Goldman Sachs Commodity Index (1978-2008)
via MRCI
>
One-Year-Ahead Inflation Forecasts, Survey of Professional Forecasters
(1970 - 2008)
Source: Philidelphia Fed
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On an unrelated note, the latest version of Excel for Mac is stripping the dates from the second chart -- I fixed it, but I have no idea how -- any suggestions ?
Here is the Philly Fed file Download inflation.xlsx:
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Monday, June 30, 2008 | 01:00 PM | Permalink
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Try not making it 3-D (it looks a little canted, as though you were trying that).
Posted by: lahke | Jun 30, 2008 1:11:49 PM
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