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Why the Disconnect: Population vs Pros, part II

Posted on June 30, 2008

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 On an unrelated note, the latest version of Excel for Mac is st...

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commodity , data , fed , housing