Falling Prices: A recent article in MoneyNews from NewsMax.com states “Consumer Prices in Free Fall- Consumer prices have not been this low since 1949”. The article went on to say “That's the conclusion of the US Labor Department, which reported Thursday that, thanks to lower gas prices, the Consumer Price Index fell by 0.6% in November.” First of all the index actually declined by .8%, it was .6% on a “Seasonally adjusted basis” and secondly nowhere in the report released by the Bureau of Labor Statistics (part of the US Labor Department) did they come to any conclusions about anything let alone “free falling” prices. What they did state is that the majority of the decline was … [Read more...]