[2Cdo]

Lemmy Lemmy:

ASLplease ASLplease:

I'll give you 3 guesses, but the first 2 don't count.

So you're not going to answer my question then?

Maybe he's trying to put the Jedi mind-melt on you.

[Lemmy]

2Cdo 2Cdo:

Maybe he's trying to put the Jedi mind-melt on you.

I guess. I thought it was a straight-forward, honest question. All this talk of "melts" is making me hungry.

[2Cdo]

Lemmy Lemmy:

2Cdo 2Cdo:

Maybe he's trying to put the Jedi mind-melt on you.

I guess. I thought it was a straight-forward, honest question. All this talk of "melts" is making me hungry.

Ummmm, melts. (In best Homer Simpson voice)

[Curtman]

2Cdo 2Cdo:

We'll never truly know, by cutting transfer payments to the provinces, he made the federal debt appear to be a provincial debt.

How many provinces had a deficit in 2002?

And I noticed how he rounded the $300 million spent on Kananaskis up to 500, and the 1.2 Billion of Harper's party down to one billion. That way it looks like twice as much, instead of four times as much with real math.

[ASLplease]

Lemmy Lemmy:

ASLplease ASLplease:

I'll give you 3 guesses, but the first 2 don't count.

So you're not going to answer my question then?

That is correct. I wont be answering your question.

I had an answer typed in for you but decided that you are just giving me a hard time.

Besides, If you truly dont understand then you are too dumb to understand the explanation, too.

[Lemmy]

ASLplease ASLplease:

That is correct. I wont be answering your question.

I had an answer typed in for you but decided that you are just giving me a hard time.

Not at all. I don't hold a grudge.

ASLplease ASLplease:

Besides, If you truly dont understand then you are too dumb to understand the explanation, too.

Seriously? You're calling me "dumb" about economics? I wanted to understand how you were interpreting and applying the CPI. It was a fair question. As an economist, I'm curious about how people interpret economic data. If you don't want to help me understand how you're using the stat, fine, don't.

[ASLplease]

when it was brought up by another poster it was used to demonstrate increased costs over time. Rather than question this, I made reference to it in the same manner. In my case, I chose not to interpret any data, so you'll have to redirect some of your question to the other guy. For some reason, I don't think you will be as critical with him as you are trying to be with me.

[Khar]

The reason I used CPI in this case to indicate why the project costs shouldn't be assosiated to housing prices besides the obvious problems of using real estate prices as a price point is because it, along with GDP deflator, function using a percentage change to get the general area of inflation. Given that, even though GDP and CPI are different values, typically they move somewhat together and show the same general range of inflation, and since we were dealing with a large gulf between the values I felt were acceptable and the ones quoted I felt that the error of using this measurement between those two points of time was alrigh.

My main aim was to argue that just because house values doubled, didn't mean that overall all prices doubled, which is why I used the CPI index. Using the CPI index put that change at or around 16-20% using the methods mentioned. Given how different 16-20% is from 100% inflation, I figured it was a safe form of measurement to use in my example between the time mentioned and the current time (early 2000s, mid-2002 specifically, I think, to as close to now as I could get using Bank of Canada measurements, which was April, base point was in mid-'02).

Reference graph re: inflation using two different methods from University of Toronto for anyone interested:



Apologies if I have caused any confusion, or am wrong in my use. Given that CPI is a Laspeyres index and tends to overstate inflation I was hoping that making use of it in this case would also give a little bit of cushioning as well error-wise in giving my thoughts quickly. Since it was easy to find the CPI stats I figured it would be fast to go from that, especially ince the base point they used appeared to correlate nicely with the time ASLplease said that this house was bought, which he then indicated had doubled in value.

[Lemmy]

ASLplease ASLplease:

when it was brought up by another poster it was used to demonstrate increased costs over time. Rather than question this, I made reference to it in the same manner. In my case, I chose not to interpret any data, so you'll have to redirect some of your question to the other guy. For some reason, I don't think you will be as critical with him as you are trying to be with me.

I wasn't trying to be critical of anyone. I was just trying to understand how you were interpreting a CPI of 1.16 (whether we were talking about a 1% increase in the prices or a 16% increase).

[ASLplease]

Lemmy Lemmy:

ASLplease ASLplease:

when it was brought up by another poster it was used to demonstrate increased costs over time. Rather than question this, I made reference to it in the same manner. In my case, I chose not to interpret any data, so you'll have to redirect some of your question to the other guy. For some reason, I don't think you will be as critical with him as you are trying to be with me.

I wasn't trying to be critical of anyone. I was just trying to understand how you were interpreting a CPI of 1.16 (whether we were talking about a 1% increase in the prices or a 16% increase).

No problem.

kar used a 100 to 116 ratio, so i mentioned a 1.16 multiplyer without really giving it any thought. I find that sometimes facts or figures from someone can be accepted, and the discussion benefits by progressing to more shared thoughts instead of alaysing the numbers.

[Lemmy]

ASLplease ASLplease:

kar used a 100 to 116 ratio, so i mentioned a 1.16 multiplyer without really giving it any thought. I find that sometimes facts or figures from someone can be accepted, and the discussion benefits by progressing to more shared thoughts instead of alaysing the numbers.

It was never a case of not accepting or analyzing, I just wanted to understand how the statistic was being used, since 1.16 is a virtually impossible value for the CPI, or any index for that matter.