CPI – Where’s The Beef? “Lies, Damned Lies, And Statistics”

CPI – Where’s The Beef? “Lies, Damned Lies, And Statistics” by Rob Arnott & Lillian Wu – Research Affiliates Key Points American households, pinched by rising prices at a rate higher than headline inflation, have generally not benefited from the unrelenting stimulus of quantitative easing and zero interest rates, and instead have experienced a decade of zero growth in income and spending power. The high valuations and low interest rates born of accommodative monetary policy lower forward-looking returns for both the wealthy and the middle class, but the middle class, who must invest today to prepare for retirement tomorrow, suffers…