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Private Briefingwith WILLIAM PATALON III, Executive Editor
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Thanks, I've been wondering what to do, as when Lehmann Bros. went under I lost my crystal ball. I used to refer to their "Lehmann Brothers' Aggregate Bond Index." It was a collection of numbers covering a projected ten year period that I would translate into percentages of growth or decline year over year. I'd then factor in the "Law of 72" to adjust for inflation and viola; It provided me an accurate formula that helped me to predict how the overall economy would perform. I'd then know when to place money into, or pull out of the stock markets.
It was so accurate, that when the 2000 report was released and I did my calculations, I knew that fiscal year 2008 was when the U.S. would enter it's 2nd Great Depression. I warned all my family and friends and proceeded to prepare myself for the coming crises. I didn't know the specific date and when asked I'd simply say, "Well, the fiscal year begins Oct. 1st, so it's probably best if you get things done on or before then."
Boy, that was right about the time everything exploded! Thanks to that now extinct index I've made a bundle, but have been flying relatively blind since. I've managed to do well through experience and keeping up with the markets but it's still rather cryptic after having relied so heavily on such a trusty index for so long! Oh how I miss those bygone days of old…
Thanks so much for including the Everyday Price Index on the list, Greg! We really appreciate it.
A little more on how we build the EPI: The EPI differs from the Consumer Price Index in a few ways. First, as you mention, it's not seasonally adjusted. That's so the index will reflect the prices Americans actually pay out of pocket every month.
Second, the EPI draws from CPI data, but includes only items and services that Americans typically purchase at least once a month. It does not include contractually fixed items like mortgages.
Third, our staff economists weight each category in the EPI in proportion to its share of Americans' average monthly expenditures.
Thanks again for including AIER! We'll be looking forward to following your work.
Not sure why I would use a dollar index from what appers to be a Pakistan Company.
How much can i earn ?
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The White House has taken notice of a story we've been following very closely here. The rise of Bitcoin. In October of last year,
President Obama summoned Google's executive chairman Eric Schmidt to the Oval
Office and asked him if Bitcoin was something he has to worry about. The answer is yes.
And what's coming could have major implications for global economies and your wealth.
Click here to continue reading this story.