Saving the nation may imperil escalator clauses
Article Abstract:
A commission led by Stanford economist Michael J. Boskin concluded that the Consumer Price Index (CPI) has been overstating the rate of inflation by at least 1.1% each year and recommends legislative action to adjust the Index. The rate of inflation directly impacts government debt and anyone whose income is connected to price indexes. An adjustment to the CPI, taking into account lower inflations rates, could eliminate the national debt within a few years. Government tax deductions and pensioners' income increases would be reduced with the adjusted CPI.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1997
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Editor's Corner
Article Abstract:
Real estate and economics statistics can confuse investors who do not understand accompanying analysis or interpretations. Data analysis is frequently simplistic or inaccurate because of the volume of statistical reports. Averages of varying numbers can conceal more information than they reveal. Business and real estate investors have made a number of erroneous conclusions based on 1990 census data that was accompanied by incorrect analysis.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1993
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Knowledge doesn't always lead to wisdom
Article Abstract:
Some college students in real estate programs question the value of studying economics. Teachers try to explain that macroeconomic variables in part determine microeconomic variables such as demand for office space. A look at US investors' losses in Mexico reveals, however, that economic knowledge does not always translate into wisdom. People, not economics, are responsible for myopic decisionmaking.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1995
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