Hacker News Reader

6 pointstiagobertolo4 comments

"It’s hard for old mate Joe to get re-elected.." -- Glad to see that this was written by a highly objective and professional journalist with no personal political opinions of their own mixed into the narrative ;-)

> Nobody noticed except one finance expert, Neely Tamminga.

Funny, but not true. This change in measuring US inflation is common knowledge among investors interested in US macro.

Ie, nobody except the people who need to know.

It appears to be a common thing - conspiracy theorists think that because the general public doesn't know(/care) about the esoteric details of some subject, that no one knows.

Indeed, this is just a guy spreading fear to sell his book, which coincidentally has an ad at the bottom of this crappy blogpost.

Anyone watching monthly CPI numbers is aware that the BLS changed the basket of goods used to calculate inflation as well as using a single year of data instead of two years. The BLS communicates these changes months in advance, and all the big banks/funds update their models accordingly.

https://www.bls.gov/cpi/notices/2017/methodology-changes.htm

Reply on news.ycombinator.com