<< <i>Regular Unleaded @ $3.199, was $3.149 last week. Could be worse. >>
Metals will continue to follow oil.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
While there has been inflation in human life expectancy, im not sure those over 80 years old would agree with the above comment.
So I stopped by MCD today for a sausage mcmuffin from the dollar menu. Yesterday was a buck, today a buck 19. Oh the humanity. Im never eating there again.
So I stopped by MCD today for a sausage mcmuffin from the dollar menu. Yesterday was a buck, today a buck 19. Oh the humanity. Im never eating there again
don't know about "never again," but after two days in a row, maybe "you deserve a break today" from McDonalds
Also, give the "deluxe breakfast" a try, my local outlet makes a pretty big meal out of bacon, sausage, scrambled eggs, hashbrowns, pancakes, AND english muffin, all for under 5 bucks. Can feed myself and two kids on one of those meals
Wow! You guys would love driving in ND. Driving 75 in a 65 is a $20 ticket, 85 in a 75 is $25-30. Minimum fine in construction is $80 so to get a high dollar ticket in ND you have to be doing something very stupid. Most cops here wont even pull you over unless your going atleast 8-10 over on the high ways. So for Interstate I set my cruise right at 80 or so and have never had a ticket or been pulled over.
Lay's Stax potato crisps (like Pringles but a little thicker and tastier) down to $1.02 for the same 5 3/4 oz blue tube with yellow label, from $1.18, a -13.5% decrease at Target.
<< <i>Food prices would come down considerably if we all refrained from the extra 300 calories per day we intake. Thats 100 billion extra calories per day we consume in America. >>
American farmers produce over 4000 calories per American, per day. >>
This is probably pretty close but the main reason is waste and sloth in the distribution system. They pick fruit long before it's even ripe which means it will never taste right and barely ever be edible. Of course they are engineered to transport well instead of to taste good anyway so it hardly matters. Then they let them sit for protracted periods rather than to expedite them to the stores. By the time the stores put them out their shelf life is down to minutes so anything unsold goes straight in the dumpster. Most people fillup two or three garbage cans every week with the crap they bought at wally world that broke the first time they used it and inedible fruit they bought minutes before it was rotten. One store around here started throwing away avocados when they just got ripe because they thought soft meant rotten. Another store waited until they were spongey before they even set them out.
You used to be able to buy Wahington apples picked when they were ripe but now all these apples are inedible that get shipped all the way east. They look nice but they were picked green so they only look nice.
But it's all products that are being ruined by the big food companies that pump them up with water and sodium tripolyphosphate and the flavor of the day such as gaur gum or seaweed. Some of this stuff isn't even digestible and it all increases waste in various ways. Consumers just don't care. Stick a chicken and they won't even complain when the re- sulting geyser soaks down their kitchen with $2 a pound bloody chemical soaked water.
Of course the farmers are wasteful as well so they probably actually produce about 5000 calories to get 4000 to market and 2000 inside human stomachs.
Remarkably this system is probably more efficient than many of our other failed systems. We spend thousands a year to not educate a large percentage of the population. We spend thousands to put hundreds of dollars of product on the market. We flush money down the drain at every turn and pay wealthy people millions to destroy billions in wealth.
Prices here are finally starting to come down for the season. Harvests are starting to come in.
<< <i>Food prices would come down considerably if we all refrained from the extra 300 calories per day we intake. Thats 100 billion extra calories per day we consume in America. >>
American farmers produce over 4000 calories per American, per day. >>
This is probably pretty close but the main reason is waste and sloth in the distribution system. They pick fruit long before it's even ripe which means it will never taste right and barely ever be edible. Of course they are engineered to transport well instead of to taste good anyway so it hardly matters. Then they let them sit for protracted periods rather than to expedite them to the stores. By the time the stores put them out their shelf life is down to minutes so anything unsold goes straight in the dumpster. Most people fillup two or three garbage cans every week with the crap they bought at wally world that broke the first time they used it and inedible fruit they bought minutes before it was rotten. One store around here started throwing away avocados when they just got ripe because they thought soft meant rotten. Another store waited until they were spongey before they even set them out.
You used to be able to buy Wahington apples picked when they were ripe but now all these apples are inedible that get shipped all the way east. They look nice but they were picked green so they only look nice.
But it's all products that are being ruined by the big food companies that pump them up with water and sodium tripolyphosphate and the flavor of the day such as gaur gum or seaweed. Some of this stuff isn't even digestible and it all increases waste in various ways. Consumers just don't care. Stick a chicken and they won't even complain when the re- sulting geyser soaks down their kitchen with $2 a pound bloody chemical soaked water.
Of course the farmers are wasteful as well so they probably actually produce about 5000 calories to get 4000 to market and 2000 inside human stomachs.
Remarkably this system is probably more efficient than many of our other failed systems. We spend thousands a year to not educate a large percentage of the population. We spend thousands to put hundreds of dollars of product on the market. We flush money down the drain at every turn and pay wealthy people millions to destroy billions in wealth.
Prices here are finally starting to come down for the season. Harvests are starting to come in. >>
They pick fruit long before it's even ripe which means it will never taste right and barely ever be edible. Of course they are engineered to transport well instead of to taste good anyway so it hardly matters. Then they let them sit for protracted periods rather than to expedite them to the stores
The "localvore" movement is a response to this. Some people get a basket of organically grown fruit and vegetables every week from a cooperative, all grown within a couple hours drive from their home, picked at the peak of ripeness or just before, and you get what's in season and you take what you get though, so it probably helps to be fond of "bowl of weeds" type salads (I think they call them "field greens" euphemistically, right wife?) and with a good blender and baked goods recipes you can get some great smoothies and carrot cakes and banana breads and end up wasting very little and eating very tasty and healthy produce.
Also, lots of gastropubs and bistros feature regionally grown foods which are growing in popularity.
You're absolutely right, though, the lowest common denominator type of foods are of course factory operations, that's what keeps prices down, even with the loss of quality and level of waste due to spoilage.
<< <i>How did they get apples from Washington before the interstate highway system? >>
They probably didn't. There were many more smaller towns; the local areas were much more self sufficient. They had their own orchards, meat suppliers, etc. Even the small town I live in used to have orchards, their own newspaper, local dairies, etc. Now of course none of those exist any longer. Food now comes from the large corporation suppliers (such as Washington apples, California lettuce, etc.)
Citrus fruit in the 60s was only available during the winter in the midwest, Jan - Mar, fresh oranges were a treat, otherwise it was that crappy condensed frozen stuff that you added water to in a 3:1 ratio.
Now you can get fresh fruit year round at a stable price.
<< <i>Lay's Stax potato crisps (like Pringles but a little thicker and tastier) down to $1.02 for the same 5 3/4 oz blue tube with yellow label, from $1.18, a -13.5% decrease at Target. >>
They got you...... even you are prey... you see they make there real money selling Cardiovascular Medications... you gonna need them.... if you don't already.
At least there's no inflation in bank interest rates in Australia.
Quarter page ad taken out by ANZ bank boasting their interest rates for deposits:
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
This rate fixing on interest returns has really gotten out of hand. Poor sap in the middle class with a few bucks on deposit need a good lube for each end.
just how much Interest does this poor sap expect to receive for his "few bucks?" was it ever enough to live on? no. There is not much real difference between 7% and zero % on "a few bucks" of deposits.
<< <i>just how much Interest does this poor sap expect to receive for his "few bucks?" was it ever enough to live on? no. There is not much real difference between 7% and zero % on "a few bucks" of deposits. >>
I remember when I would receive 10%..nothing to sneeze about at that time. And depending where you lived you could live on 50k a year, with your paycheck. I would be a happy camper with 7% as of now.
<< <i>I remember when I would receive 10%..nothing to sneeze about at that time. And depending where you lived you could live on 50k a year, with your paycheck. I would be a happy camper with 7% as of now. >>
Along with a prime rate of 8%+, car loan 10%+, mortgage of 8.5%+ ... just to name a few
Yup, I sure remember those "good ole days"
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Pretty funny as people expect the bank to pay them interest, while of course they (like the people they berate) take no responsiblity n do nothing... If u can't make more than 7-10-20% plus with your own money yourself, why talk about the welfare people and all the entitlements? U R the same as them, looking for bank entitlements...
<< <i>Pretty funny as people expect the bank to pay them interest, while of course they (like the people they berate) take no responsiblity n do nothing... If u can't make more than 7-10-20% plus with your own money yourself, why talk about the welfare people and all the entitlements? U R the same as them, looking for bank entitlements... >>
no different than a bank expecting to earn interest on what it loans out. A depositor is fully justified to expect a return on his "saved" labor, especially when the bank is making money tenfold on that same labor. The Progressive thinkers here need to re-evaluate your dream of an "ideal" world. Your utopia results in only a few nobles and many, many serfs. There will always be serfs, primarily through their own doing. What percentage of the population they make up is what needs to be carefully established. I don't mind not being a noble and I am thankful I am not a serf - do not take the determination of my position in this world out of my own hands.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>A depositor is fully justified to expect a return on his "saved" labor, especially when the bank is making money tenfold on that same labor. >>
<< <i>lol, i think u missed the point???... >>
lol, I don't think so. You said "Pretty funny as people expect the bank to pay them interest."
lol, I don't find it funny at all. I find it completely within reason.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>A depositor is fully justified to expect a return on his "saved" labor, especially when the bank is making money tenfold on that same labor. >>
<< <i>lol, i think u missed the point???... >>
lol, I don't think so. You said "Pretty funny as people expect the bank to pay them interest."
lol, I don't find it funny at all. I find it completely within reason. >>
yea, ok, u missed it... >>
yea, ok, some of us can't read minds. Got a point to make? Try making it clearly.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Rarely drink, but wonder about the $5.00 beer at a restaurant. Add in tax and tip and it is $6.00 for a server to pop open the same beverage that you can enjoy at home for $1. At least the food takes some effort to prepare.
<< <i>Rarely drink, but wonder about the $5.00 beer at a restaurant. Add in tax and tip and it is $6.00 for a server to pop open the same beverage that you can enjoy at home for $1. At least the food takes some effort to prepare. >>
Part of what you are getting for the cost of a beer somewhere out, vs your one at home, is short term rental of your seat in that restaurant, all the ambiance of the place and any view(s) associated, the services of the people who carried the beer from the store (distributor) to your current location including especially your server, the stocking and cooling of the beer and the other overhead of the establishment (air conditioning, 17 televisions, servers wearing low cut tops and high cut bottoms, etc), the selection of choices offered (which you would have to stock at home to have the available variety) and I could go on and on... but if it's not a good deal to you there, don't do it, easy peasy.
and just because you paid $4 one place at lunch and $6 somewhere else at dinner, and then $9 at the club that night, no, that ain't "inflation", but you knew all that, didn't you?
<< <i>and just because you paid $4 one place at lunch and $6 somewhere else at dinner, and then $9 at the club that night, no, that ain't "inflation", but you knew all that, didn't you? >>
Figured that one out, Baley.
Of course choices of how to spend our money is on us (cepting the ACA). Quite often the high margin alcoholic beverages make the difference between a restaurant prospering or going bust. $5 for a standard issue beer at a chain operation is on the high side in my book but to each his own.
On the other hand I have been to adult clubs back in Michigan where the entertainment justified the 500% or higher markup.
"Since the markets crashed in 2008, central banks around the world have worked feverishly to push up the prices of financial assets and to keep consumer prices rising steadily. They have done so in the official belief that these outcomes are vital ingredients in the recipe for economic growth. The theory is that steady inflation creates demand by inspiring consumers to spend in advance of predictable price increases. (The flip side is that falling prices "deflation," strangles demand by inspiring consumers to defer spending)."
Do central banks really believe that consumption/demand should be driven by fear (of higher prices)? Didn't Germany experience this many years ago? This time it will be different?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
I knew it would happen.
<< <i>Regular Unleaded @ $3.199, was $3.149 last week. Could be worse. >>
Metals will continue to follow oil.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Life is long. Feel the Force, Luke.
I knew it would happen.
While there has been inflation in human life expectancy, im not sure those over 80 years old would agree with the above comment.
So I stopped by MCD today for a sausage mcmuffin from the dollar menu. Yesterday was a buck, today a buck 19. Oh the humanity. Im never eating there again.
Knowledge is the enemy of fear
<< <i>Starting September 1st the COZI channel is going to have CHiPS on every weeknight. >>
LOL, you must be using an antenna. It's free and I get over 60 channels, too bad 35 are in Spanish.
The only good ones are THIS, METV, ANTENNA, MOVIES, COZI, PBS and the local stuff.
don't know about "never again," but after two days in a row, maybe "you deserve a break today" from McDonalds
Also, give the "deluxe breakfast" a try, my local outlet makes a pretty big meal out of bacon, sausage, scrambled eggs, hashbrowns, pancakes, AND english muffin, all for under 5 bucks.
Can feed myself and two kids on one of those meals
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
Beck has become a master at age 70 with an emphasis on Blues.
Got rained out for ZZ Top though. Girlfriend was upset. Guess I will have to splurge for the real seats next time.
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
Smile from the two nice ladies that I bought them for were priceless!
<< <i>
<< <i>Food prices would come down considerably if we all refrained from the extra 300 calories per day we intake. Thats 100 billion extra calories per day we consume in America. >>
American farmers produce over 4000 calories per American, per day. >>
This is probably pretty close but the main reason is waste and sloth in the distribution
system. They pick fruit long before it's even ripe which means it will never taste right
and barely ever be edible. Of course they are engineered to transport well instead of
to taste good anyway so it hardly matters. Then they let them sit for protracted periods
rather than to expedite them to the stores. By the time the stores put them out their
shelf life is down to minutes so anything unsold goes straight in the dumpster. Most
people fillup two or three garbage cans every week with the crap they bought at wally
world that broke the first time they used it and inedible fruit they bought minutes before
it was rotten. One store around here started throwing away avocados when they just
got ripe because they thought soft meant rotten. Another store waited until they were
spongey before they even set them out.
You used to be able to buy Wahington apples picked when they were ripe but now all
these apples are inedible that get shipped all the way east. They look nice but they were
picked green so they only look nice.
But it's all products that are being ruined by the big food companies that pump them up
with water and sodium tripolyphosphate and the flavor of the day such as gaur gum or
seaweed. Some of this stuff isn't even digestible and it all increases waste in various ways.
Consumers just don't care. Stick a chicken and they won't even complain when the re-
sulting geyser soaks down their kitchen with $2 a pound bloody chemical soaked water.
Of course the farmers are wasteful as well so they probably actually produce about 5000
calories to get 4000 to market and 2000 inside human stomachs.
Remarkably this system is probably more efficient than many of our other failed systems.
We spend thousands a year to not educate a large percentage of the population. We spend
thousands to put hundreds of dollars of product on the market. We flush money down the
drain at every turn and pay wealthy people millions to destroy billions in wealth.
Prices here are finally starting to come down for the season. Harvests are starting to come in.
<< <i>
<< <i>
<< <i>Food prices would come down considerably if we all refrained from the extra 300 calories per day we intake. Thats 100 billion extra calories per day we consume in America. >>
American farmers produce over 4000 calories per American, per day. >>
This is probably pretty close but the main reason is waste and sloth in the distribution
system. They pick fruit long before it's even ripe which means it will never taste right
and barely ever be edible. Of course they are engineered to transport well instead of
to taste good anyway so it hardly matters. Then they let them sit for protracted periods
rather than to expedite them to the stores. By the time the stores put them out their
shelf life is down to minutes so anything unsold goes straight in the dumpster. Most
people fillup two or three garbage cans every week with the crap they bought at wally
world that broke the first time they used it and inedible fruit they bought minutes before
it was rotten. One store around here started throwing away avocados when they just
got ripe because they thought soft meant rotten. Another store waited until they were
spongey before they even set them out.
You used to be able to buy Wahington apples picked when they were ripe but now all
these apples are inedible that get shipped all the way east. They look nice but they were
picked green so they only look nice.
But it's all products that are being ruined by the big food companies that pump them up
with water and sodium tripolyphosphate and the flavor of the day such as gaur gum or
seaweed. Some of this stuff isn't even digestible and it all increases waste in various ways.
Consumers just don't care. Stick a chicken and they won't even complain when the re-
sulting geyser soaks down their kitchen with $2 a pound bloody chemical soaked water.
Of course the farmers are wasteful as well so they probably actually produce about 5000
calories to get 4000 to market and 2000 inside human stomachs.
Remarkably this system is probably more efficient than many of our other failed systems.
We spend thousands a year to not educate a large percentage of the population. We spend
thousands to put hundreds of dollars of product on the market. We flush money down the
drain at every turn and pay wealthy people millions to destroy billions in wealth.
Prices here are finally starting to come down for the season. Harvests are starting to come in. >>
Well said and great post.
Inflation is so bad that when cladking dug up a bunch of obw rolls of halfs he had put away they were dimes.
folks I'll be here all week , don't forget to tip your server
and barely ever be edible. Of course they are engineered to transport well instead of
to taste good anyway so it hardly matters. Then they let them sit for protracted periods
rather than to expedite them to the stores
The "localvore" movement is a response to this. Some people get a basket of organically grown fruit and vegetables every week from a cooperative, all grown within a couple hours drive from their home, picked at the peak of ripeness or just before, and you get what's in season and you take what you get though, so it probably helps to be fond of "bowl of weeds" type salads (I think they call them "field greens" euphemistically, right wife?) and with a good blender and baked goods recipes you can get some great smoothies and carrot cakes and banana breads and end up wasting very little and eating very tasty and healthy produce.
Also, lots of gastropubs and bistros feature regionally grown foods which are growing in popularity.
You're absolutely right, though, the lowest common denominator type of foods are of course factory operations, that's what keeps prices down, even with the loss of quality and level of waste due to spoilage.
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
<< <i>How did they get apples from Washington before the interstate highway system? >>
Refer trucks and trains. The trucks used the old US highway system.
Got quoins?
<< <i>How did they get apples from Washington before the interstate highway system? >>
They probably didn't. There were many more smaller towns; the local areas were much more self sufficient. They had their own orchards, meat suppliers, etc. Even the small town I live in used to have orchards, their own newspaper, local dairies, etc. Now of course none of those exist any longer. Food now comes from the large corporation suppliers (such as Washington apples, California lettuce, etc.)
Recommended deep scaling and cleaning......$640.
Good time to head down Nogales way.
<< <i>How did they get apples from Washington before the interstate highway system? >>
Waxing, and refrigerated rail cars.
If you're over 50, you probably remember eating waxed apples when they were out of season.
Now you can get fresh fruit year round at a stable price.
Anita Bryant, you rocked -
<< <i>Lay's Stax potato crisps (like Pringles but a little thicker and tastier) down to $1.02 for the same 5 3/4 oz blue tube with yellow label, from $1.18, a -13.5% decrease at Target. >>
They got you...... even you are prey... you see they make there real money selling Cardiovascular Medications... you gonna need them.... if you don't already.
Quarter page ad taken out by ANZ bank boasting their interest rates for deposits:
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Liberty: Parent of Science & Industry
<< <i>just how much Interest does this poor sap expect to receive for his "few bucks?" was it ever enough to live on? no. There is not much real difference between 7% and zero % on "a few bucks" of deposits. >>
...and the 7% as taxable income.
And depending where you lived you could live on 50k a year, with your paycheck.
I would be a happy camper with 7% as of now.
<< <i>I remember when I would receive 10%..nothing to sneeze about at that time.
And depending where you lived you could live on 50k a year, with your paycheck.
I would be a happy camper with 7% as of now. >>
Along with a prime rate of 8%+, car loan 10%+, mortgage of 8.5%+ ... just to name a few
Yup, I sure remember those "good ole days"
And you paid 12% on your mortgage.
Knowledge is the enemy of fear
<< <i>Pretty funny as people expect the bank to pay them interest, while of course they (like the people they berate) take no responsiblity n do nothing... If u can't make more than 7-10-20% plus with your own money yourself, why talk about the welfare people and all the entitlements? U R the same as them, looking for bank entitlements... >>
no different than a bank expecting to earn interest on what it loans out. A depositor is fully justified to expect a return on his "saved" labor, especially when the bank is making money tenfold on that same labor. The Progressive thinkers here need to re-evaluate your dream of an "ideal" world. Your utopia results in only a few nobles and many, many serfs. There will always be serfs, primarily through their own doing. What percentage of the population they make up is what needs to be carefully established. I don't mind not being a noble and I am thankful I am not a serf - do not take the determination of my position in this world out of my own hands.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i> A depositor is fully justified to expect a return on his "saved" labor, especially when the bank is making money tenfold on that same labor. >>
lol, i think u missed the point???...
<< <i>A depositor is fully justified to expect a return on his "saved" labor, especially when the bank is making money tenfold on that same labor. >>
<< <i>lol, i think u missed the point???... >>
lol, I don't think so. You said "Pretty funny as people expect the bank to pay them interest."
lol, I don't find it funny at all. I find it completely within reason.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>A depositor is fully justified to expect a return on his "saved" labor, especially when the bank is making money tenfold on that same labor. >>
<< <i>lol, i think u missed the point???... >>
lol, I don't think so. You said "Pretty funny as people expect the bank to pay them interest."
lol, I don't find it funny at all. I find it completely within reason. >>
yea, ok, u missed it...
<< <i>
<< <i>
<< <i>A depositor is fully justified to expect a return on his "saved" labor, especially when the bank is making money tenfold on that same labor. >>
<< <i>lol, i think u missed the point???... >>
lol, I don't think so. You said "Pretty funny as people expect the bank to pay them interest."
lol, I don't find it funny at all. I find it completely within reason. >>
yea, ok, u missed it... >>
yea, ok, some of us can't read minds. Got a point to make? Try making it clearly.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>
<< <i>
<< <i>A depositor is fully justified to expect a return on his "saved" labor, especially when the bank is making money tenfold on that same labor. >>
<< <i>lol, i think u missed the point???... >>
lol, I don't think so. You said "Pretty funny as people expect the bank to pay them interest."
lol, I don't find it funny at all. I find it completely within reason. >>
yea, ok, u missed it... >>
yea, ok, some of us can't read minds. Got a point to make? Try making it clearly. >>
It sounds like English, but I can't understand a damn word he's saying
<< <i>I remember when I would receive 10%..
And you paid 12% on your mortgage. >>
Yup, lol. I remember, I think it was around 1992, being excited to get a mortgage under 10% for a condo in Southern Cal.
Knowledge is the enemy of fear
<< <i>Rarely drink, but wonder about the $5.00 beer at a restaurant. Add in tax and tip and it is $6.00 for a server to pop open the same beverage that you can enjoy at home for $1. At least the food takes some effort to prepare. >>
Part of what you are getting for the cost of a beer somewhere out, vs your one at home, is short term rental of your seat in that restaurant, all the ambiance of the place and any view(s) associated, the services of the people who carried the beer from the store (distributor) to your current location including especially your server, the stocking and cooling of the beer and the other overhead of the establishment (air conditioning, 17 televisions, servers wearing low cut tops and high cut bottoms, etc), the selection of choices offered (which you would have to stock at home to have the available variety) and I could go on and on... but if it's not a good deal to you there, don't do it, easy peasy.
and just because you paid $4 one place at lunch and $6 somewhere else at dinner, and then $9 at the club that night, no, that ain't "inflation", but you knew all that, didn't you?
Liberty: Parent of Science & Industry
<< <i>and just because you paid $4 one place at lunch and $6 somewhere else at dinner, and then $9 at the club that night, no, that ain't "inflation", but you knew all that, didn't you? >>
Figured that one out, Baley.
Of course choices of how to spend our money is on us (cepting the ACA). Quite often the high margin alcoholic beverages make the difference between a restaurant prospering or going bust. $5 for a standard issue beer at a chain operation is on the high side in my book but to each his own.
On the other hand I have been to adult clubs back in Michigan where the entertainment justified the 500% or higher markup.
<< <i>$10/hr therapists with brews are better than the $200/hr prozakers. >>
Yeah....a good bartender is priceless.
"Since the markets crashed in 2008, central banks around the world have worked feverishly to push up the prices of financial assets and to keep consumer prices rising steadily. They have done so in the official belief that these outcomes are vital ingredients in the recipe for economic growth. The theory is that steady inflation creates demand by inspiring consumers to spend in advance of predictable price increases. (The flip side is that falling prices "deflation," strangles demand by inspiring consumers to defer spending)."
Do central banks really believe that consumption/demand should be driven by fear (of higher prices)? Didn't Germany experience this many years ago? This time it will be different?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Knowledge is the enemy of fear
Just in case you dont like American news outlets..
Here is the South African version
Knowledge is the enemy of fear