ESS

My opinions are only my opinions and NOT any recommendation to ever do anything based upon them, also a 12 string guitar nut and a fly fishing fan, and runner.

[ESS @pointshot53]

@DianeSwonk Which route?

[ESS @pointshot53]

@LakewoodPDCO Thank you!

[ESS @pointshot53]

@boulderpolice @boulder_fire Thank you to that Sheriff!

[ESS @pointshot53]

@ArapahoeSO Great job!!

[ESS @pointshot53]

@Microinteracti1 Please include your sources otherwise you endless posts on facts are unclear if you're making it up or summarizing others incorrectly or not.

[ESS @pointshot53]

@blockchainchick Agree 100%. And, why is housing 30% of CPI? Almost all mortgages are fixed rate and rent only changes on an annual or biannual level? Non-mortgage inflation could triple and your payment won't change until the following year due to taxes. Yet, it's 30% of CPI, but not in PCE?

[ESS @pointshot53]

@PeteButtigieg @Marcy_Kaptur Question re: wildfires. Why doesn't the Air Nat'l Guard have a special, dedicated, very large squadron of planes to fight wildfires? It's a CHRONIC American issue. Just look at the big ones in CA, CO, HI and now a massive one in NE. WFAF Wild Fire Air Force

[ESS @pointshot53]

@LiveSquawk Thank you.
Today's cpi doesn't reflect the actual rise in services costs and others. We all know it. Isn't it time for BLS to update the % weighting allocation across categories? Housing is > 30%, but over 90% of mortgages are fixed rate, and rent is fixed for 1-2 yrs

[ESS @pointshot53]

@shanaka86 Thank you as always.
Today's cpi doesn't reflect the actual rise in services costs and others. We all know it. Isn't it time for BLS to update the % weighting allocation across categories? Housing is > 30%, but over 90% of mortgages are fixed rate, and rent is fixed for 1-2 yrs

[ESS @pointshot53]

@lisaabramowicz1 @Bloomberg Thank you as always.
Today's cpi doesn't reflect the actual rise in services costs and others. We all know it. Isn't it time for BLS to update the % weighting allocation across categories? Housing is > 30%, but over 90% of mortgages are fixed rate, and rent is fixed for 1-2 yrs.

[ESS @pointshot53]

@NORADCommand Don't they do this to us all the time? Test us?

[ESS @pointshot53]

@ArapahoeSO Great job, Deputy Chamblin.

[ESS @pointshot53]

@CSFDPIO Bless their hearts

[ESS @pointshot53]

@MikeZaccardi Mike, thank you for that. Isn't the real issue with CPI that the allocation %'s in it don't reflect the reality of consumers?

[ESS @pointshot53]

@AndreasSteno The BLS line items show climbing inflation, but with housing 35% of CPI, it doesn't budge. Yet, over 90% of mortgages are fixed rate, so inflation could triple tomorrow and your payment won't change. Same with rent usually fixed 1-2 yrs. Allocation %'s all need revisit.

[ESS @pointshot53]

@LizThomasStrat Thank you. The fallacy is that 35% of it is housing. But >90% of mortgages are fixed rate, so inflation could triple over night and your payment won't change, same with rent. The individual line items in the monthly BLS report tell a different story than the headline.

[ESS @pointshot53]

@Jungo_81 @byHeatherLong Thanks. To me, it's the wrong % allocation of the categories in CPI that make the headline number look mild. For Ex., housing is 35%. Yet, over 90% of all mortgages are fixed rate, so inflation could triple overnight but your mortgage won't change. Same with rent. So why 35%?

[ESS @pointshot53]

@byHeatherLong Thank you. But after Sept/Oct/Nov data was copy/pasted or imputed, how accurate is it anymore? In the actual BLS CPI report, look at line item price changes, many go up a lot each month. So, isn't really the wrong % weight of categories in CPI what make inflation 'seem' benign??

[ESS @pointshot53]

@charliebilello Charlie, thank you. Could you please cite the source? Thanks

[ESS @pointshot53]

@MarketMovesMatt Not arguing, but then why is retail sales so strong and staying right at the 3-year average??