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> You’re completely missing my point: we already have firms who do what the BLS claims to be doing that have greater predictive power and determinative impact o
by throw0101b 3y ago
> You’re completely missing my point: we already have firms who do what the BLS claims to be doing that have greater predictive power and determinative impact on what people play for housing.
I agree that what the BLS is doing is not predictive. Because that's not the point of the CPI: it's measuring what happened in the past.
That's why the numbers that were released on October 12, 2023 were for what happened in September 2023, not November 2023.
- bugglebeetle 3y agoSee also determinative, which is what the BLS is trying to measure, i.e. what would be actually paid were the housing made available as a rental. No firm trying to calculate rents for a new rental would do what the BLS does, which is why their number are bullshit. If you can’t acknowledge this, it seems like you’re just being intentionally obtuse.