Inflation Infuriation

Do I think housing prices are inflated? I think a lot of things are inflated. I'm not well qualified to sling macro perspectives and geopolitical hash around; but, when I read about milk wars stemming the rise of inflation, I want to know whose tether is really getting yanked.

This core index stuff that strips out the so-called "volatile costs" like energy and food and housing, doesn't seem like a terribly relevant measure. I mean even if you're a latte drinker, with a two-year old, and a late night cookie habit, how much can you spend on the dairy? 35 bucks a month?! Who cares, the car ain't running on the white stuff, and the housing payment is still close to three bills.

Inflation running at 2 to 3 percent? Bah, I think it's probably closer to 8 or 9.
Shoot though, let's go make some milkshakes while we still afford 'em.