7.4 billion gotta eat, drink and skeep somewhere. Seems like a lot of demand to me.
"Anything is worth only what the purchaser is willing to pay for it."
The North Texas Real Estate Information System says prices in Dallas are up 7% year over year to August 2017. (Google News search)
I agree everyone wants food and a place to sleep, but having self checkout, self driving vehicles and robots running the factories makes me think fewer people are needed.
There must be an annual cap for property taxes in his locale. I don't know of any area in the US, where property taxes are not going up...I'm sure there are exceptions.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Well, my Carl's Jr. Burger Index went up another notch. The #3 combo, western bacon burger with medium fries and drink, is now $9.26 with tax, it has been rising steadily in the past few years.
Back in 1990, this meal was $5.25. The good news is that the sandwich is just as good and big as ever, maybe better, and the drink size they call medium used to be the large.
@cohodk said:
So you tax bill went up 6.9% because your property went up 7%.
Yes, fewer people will be needed for remedial and repetitive tasks...just as has been taking place for the last 100 years.
Americans are quite the innovative lot. Don't count them out.
Count out those with raw ambition and talent that have little chance of being self employed. Municipalities put the independents behind the eight ball by subsidizing the behemoths such as Amazon.
Bank, insurance and auto bailouts killed Capitalism and rolled out a retread of Fascism.
I tried the rose colored glasses, they sure make things look better - until you take them off.
"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
If the economy is improving, why are tax receipts deteriorating? Further proof of the FED induced "selective" asset bubble.
"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
Sucks to have been on the wrong side for the last decade. If only you had been warned.
Some would have thought you'd be tired by now of being proven wrong about the economy. I really can't fathom how you can see a bad economy, especially living where you do. VanHalen and Roadrunner I get...overtaxed and declining populations. Of course that will suck.
Get out of your hell holes and travel this wonderful country. You'll be amazed.
Inflation will soon be transferred from asset markets back into the economy once it is realized there will be no great income tax reform and once FED balance sheet reduction proceeds. Assets will drop like a rock and consumer prices will absorb the momentum. Expected rate hike will not materialize.
"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
If all the new money is no longer going into assets and at the same time being pulled from them where do you think it will go - into a savings account at 1% interest?
"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
@derryb said:
If all the new money is no longer going into assets and at the same time being pulled from them where do you think it will go - into a savings account at 1% interest?
Well, lets say the US stock market is worth $20 trillion and it drops 25%, does that mean that $5 trillion went into other assets?
"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 believe what derryb is saying is when trillions of USD in various assets are sold, a chunk will enter M1/M2 and temporarily spike prices of consumer goods.
@VanHalen said:
I believe what derryb is saying is when trillions of USD in various assets are sold, a chunk will enter M1/M2 and temporarily spike prices of consumer goods.
Maybe that's what's he's saying, but history does not support his assertion.
Prices of goods and services will indeed fluctuate over time and space.
The Baleyville Citrus Index (BCI) has been mentioned prior. The orange and lemon crop in 2017 is well above average in yield and quality, so fruit and juice prices will be down (but well make up some on volume) Couple years ago, drought, bad harvest, prices up, volume down, we even imported some, unusual.
Got lemonade and fresh squeezed OJ?
Bettern gold, on a hot Indian Summer day, while working on the honeydo list
When lap dances go from $20 and $25 the end is nigh
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@Baley said:
Saying the economy is improving is like saying the weather is improving.
Time and place, my friends, time and place
Sometimes it's sunny, sometimes it sucks.
Some places have more good times than others, and so do some people.
Well said. While the economy is humming along throughout most of the country, CT is on the verge of bankruptcy. It took the legislature well over 110 days past the deadline to get a budget...and also managed to lose jobs for 3 straight months. That takes some dedication!!! This is what happens when you let your politicians make promises for years but don't care enough to pay those promises for 40 years.
@Justacommeman said:
When lap dances go from $20 and $25 the end is nigh
m
Where can you still get a lap dance for $20?! I haven't had one in 15 years and they were $25 then.
That must have been one with all the trimmings
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@TwoSides2aCoin said:
I have no answers. Silver is down. Beans are up.
monetary policy and where new money is directed determines which assets are inflated.
"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
@TwoSides2aCoin said:
I have no answers. Silver is down. Beans are up.
monetary policy and where new money is directed determines which assets are inflated.
Yup, simple as that!
It certainly can't be that the aggregate investment community considers historical returns and volatility, ot thinks about the possible current utilization of assets and income generation , or speculates on future growth in differential areas and sectors!
Oh no! We're all simply puppets of the Them Fed!
Right!?!
(Well, not those of us with some PMs, OH NO! We smart ones just hold our little coins and bars and are smug non-puppets, eh? OhYES! at least that's what the ads on the TV box say.. what's in Your safe eh?)
"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
Pineapples at my local Safeway....$7! So do I drive to Walmart where I can get 'em for just under $3? It would cost me almost a gallon of gas roundtrip and gas is $2.78. And then there's the time involved. Is my effort worth the difference of a buck-twenty-two? The wear and tear on the vehicle? Insurance? Too two to much stress, I'll have my umbrella-drink w/o the pineapple wedge today.
@renman95 said:
Pineapples at my local Safeway....$7! So do I drive to Walmart where I can get 'em for just under $3? It would cost me almost a gallon of gas roundtrip and gas is $2.78. And then there's the time involved. Is my effort worth the difference of a buck-twenty-two? The wear and tear on the vehicle? Insurance? Too two to much stress, I'll have my umbrella-drink w/o the pineapple wedge today.
Paradise can suck sometimes.
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@renman95 said:
Pineapples at my local Safeway....$7! So do I drive to Walmart where I can get 'em for just under $3? It would cost me almost a gallon of gas roundtrip and gas is $2.78. And then there's the time involved. Is my effort worth the difference of a buck-twenty-two? The wear and tear on the vehicle? Insurance? Too two to much stress, I'll have my umbrella-drink w/o the pineapple wedge today.
When prices increase because of changes in supply and demand more investment and production usually follow - this is a good thing. Unfortunately most prices increases in recent history are the result of changes in the money - not such a good thing. Monetary policy (or lack of) is what now drives inflation. Worry not, your Federal Reserve remains tasked with providing a stable dollar.
"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
Remember the high school business class definition of inflation (early 1980's)? "Too much money chasing too few goods"
We sure don't have too few goods (or services) and while there are enormous amounts of money in the system, 80% if it is in the hands of 20% of the population.
Barring a large spike in commodity prices we will see low inflation for some time to come.
@renman95 said:
Pineapples at my local Safeway....$7! So do I drive to Walmart where I can get 'em for just under $3? It would cost me almost a gallon of gas roundtrip and gas is $2.78. And then there's the time involved. Is my effort worth the difference of a buck-twenty-two? The wear and tear on the vehicle? Insurance? Too two to much stress, I'll have my umbrella-drink w/o the pineapple wedge today.
@derryb said:
When prices increase because of changes in supply and demand more investment and production usually follow - this is a good thing. Unfortunately most prices increases in recent history are the result of changes in the money - not such a good thing. Monetary policy (or lack of) is what now drives inflation. Worry not, your Federal Reserve remains tasked with providing a stable dollar.
Most prices increase recently are due to taxes and govt mandates and subsidies and are not the effect of supply/demand or monetary policy.
@renman95 said:
Pineapples at my local Safeway....$7! So do I drive to Walmart where I can get 'em for just under $3? It would cost me almost a gallon of gas roundtrip and gas is $2.78. And then there's the time involved. Is my effort worth the difference of a buck-twenty-two? The wear and tear on the vehicle? Insurance? Too two to much stress, I'll have my umbrella-drink w/o the pineapple wedge today.
@derryb said:
When prices increase because of changes in supply and demand more investment and production usually follow - this is a good thing. Unfortunately most prices increases in recent history are the result of changes in the money - not such a good thing. Monetary policy (or lack of) is what now drives inflation. Worry not, your Federal Reserve remains tasked with providing a stable dollar.
Most prices increase recently are due to taxes and govt mandates and subsidies and are not the effect of supply/demand or monetary policy.
BS. Most price increases are the result of a decrease in the dollar's purchasing power. The price of a 1964 90% silver Kennedy half dollar is a good example.
Only a fool believes a weaker dollar buys more goods.
"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
@derryb said:
When prices increase because of changes in supply and demand more investment and production usually follow - this is a good thing. Unfortunately most prices increases in recent history are the result of changes in the money - not such a good thing. Monetary policy (or lack of) is what now drives inflation. Worry not, your Federal Reserve remains tasked with providing a stable dollar.
Most prices increase recently are due to taxes and govt mandates and subsidies and are not the effect of supply/demand or monetary policy.
BS. Most price increases are the result of a decrease in the dollar's purchasing power. The price of a 1964 90% silver Kennedy half dollar is a good example.
Only a fool believes a weaker dollar buys more goods.
Darn it gold.....you were supposed to protect me from the fiat printing presses. You lied to me. Shame in you. Now I'm so far behind my fellow investors. I'll never catch up. Oh well, at least my kids will have some ting to dump at the pawn shop.
Comments
"Anything is worth only what the purchaser is willing to pay for it."
The North Texas Real Estate Information System says prices in Dallas are up 7% year over year to August 2017. (Google News search)
I agree everyone wants food and a place to sleep, but having self checkout, self driving vehicles and robots running the factories makes me think fewer people are needed.
There must be an annual cap for property taxes in his locale. I don't know of any area in the US, where property taxes are not going up...I'm sure there are exceptions.
So you tax bill went up 6.9% because your property went up 7%.
Yes, fewer people will be needed for remedial and repetitive tasks...just as has been taking place for the last 100 years.
Americans are quite the innovative lot. Don't count them out.
Knowledge is the enemy of fear
Well, my Carl's Jr. Burger Index went up another notch. The #3 combo, western bacon burger with medium fries and drink, is now $9.26 with tax, it has been rising steadily in the past few years.
Back in 1990, this meal was $5.25. The good news is that the sandwich is just as good and big as ever, maybe better, and the drink size they call medium used to be the large.
Liberty: Parent of Science & Industry
Count out those with raw ambition and talent that have little chance of being self employed. Municipalities put the independents behind the eight ball by subsidizing the behemoths such as Amazon.
Bank, insurance and auto bailouts killed Capitalism and rolled out a retread of Fascism.
Count out those with raw ambition and talent that have little chance of being self employed
Then they didn't have ambition or talent. Such a defeatist bunch we have here. No wonder "they" have such control.
Knowledge is the enemy of fear
I tried the rose colored glasses, they sure make things look better - until you take them off.
"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
Or the artificial coloring fades...
If the economy is improving, why are tax receipts deteriorating? Further proof of the FED induced "selective" asset bubble.
"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
Saying the economy is improving is like saying the weather is improving.
Time and place, my friends, time and place
Sometimes it's sunny, sometimes it sucks.
Some places have more good times than others, and so do some people.
Liberty: Parent of Science & Industry
Local property taxes increased 8% in my municipality this year. ZIRP - the gift that keeps on giving.
Is your chart purposely misleading?
https://fred.stlouisfed.org/series/W006RC1Q027SBEA
Sucks to have been on the wrong side for the last decade. If only you had been warned.
Some would have thought you'd be tired by now of being proven wrong about the economy. I really can't fathom how you can see a bad economy, especially living where you do. VanHalen and Roadrunner I get...overtaxed and declining populations. Of course that will suck.
Get out of your hell holes and travel this wonderful country. You'll be amazed.
Knowledge is the enemy of fear
Inflation will soon be transferred from asset markets back into the economy once it is realized there will be no great income tax reform and once FED balance sheet reduction proceeds. Assets will drop like a rock and consumer prices will absorb the momentum. Expected rate hike will not materialize.
"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
Why will consumer prices go up if the stock market drops?
Knowledge is the enemy of fear
If all the new money is no longer going into assets and at the same time being pulled from them where do you think it will go - into a savings account at 1% interest?
"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
Host: Let's play Consumer Jeopardy! R95, go ahead.
R95: Indexes for $500.
Host: Answer is...5,109 points
R95: What is the DJIA increase since Nov 8, 2016.
Host: Correct!
Well, lets say the US stock market is worth $20 trillion and it drops 25%, does that mean that $5 trillion went into other assets?
Knowledge is the enemy of fear
Same as last time, all assets take a big hit.
"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
So how does this support your contention of consumer price inflation?
Knowledge is the enemy of fear
I believe what derryb is saying is when trillions of USD in various assets are sold, a chunk will enter M1/M2 and temporarily spike prices of consumer goods.
Maybe that's what's he's saying, but history does not support his assertion.
Knowledge is the enemy of fear
Prices of goods and services will indeed fluctuate over time and space.
The Baleyville Citrus Index (BCI) has been mentioned prior. The orange and lemon crop in 2017 is well above average in yield and quality, so fruit and juice prices will be down (but well make up some on volume) Couple years ago, drought, bad harvest, prices up, volume down, we even imported some, unusual.
Got lemonade and fresh squeezed OJ?
Bettern gold, on a hot Indian Summer day, while working on the honeydo list
Liberty: Parent of Science & Industry
Florida United Numismatists annual dues have gone up from $15.00 to $20.00 per annum this year. A 33% increase!
Put THAT in your Baleyville pipe and smoke it!
Here's a warning parable for coin collectors...
Wow, five bucks a year increase. That's like a dime a week!
Also, are beef prices going up for you guys? Nice choice rib eye and NYstrips seem higher at the stores
Liberty: Parent of Science & Industry
My health care premiums are going from $152/month to $216/month for 2018. A 42% increase for the same coverage. Oh the humanity!
Health care costs aren't in the CPI are they? Oh I forgot. Yes they are.
How do you know its the same coverage? I'll wager its going to be worse .
When lap dances go from $20 and $25 the end is nigh
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Where can you still get a lap dance for $20?! I haven't had one in 15 years and they were $25 then.
Details forthcoming in our November meetings. The increase is being blamed on the (Federally mandated) removal of preventive care discounts.
Well said. While the economy is humming along throughout most of the country, CT is on the verge of bankruptcy. It took the legislature well over 110 days past the deadline to get a budget...and also managed to lose jobs for 3 straight months. That takes some dedication!!! This is what happens when you let your politicians make promises for years but don't care enough to pay those promises for 40 years.
http://www.courant.com/business/hc-biz-september-job-losses20171019-story.html
Thanks.
Nevertheless, i heard that maybe some of the folks who live in CT are doing ok financially?
Liberty: Parent of Science & Industry
That must have been one with all the trimmings
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Yes they are. As are many folks across the country.
When cities and states around the country are going belly-up on statutory obligations many of the residents of same will be quite well off.
I have no answers. Silver is down. Beans are up.
monetary policy and where new money is directed determines which assets are inflated.
"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
Yup, simple as that!
It certainly can't be that the aggregate investment community considers historical returns and volatility, ot thinks about the possible current utilization of assets and income generation , or speculates on future growth in differential areas and sectors!
Oh no! We're all simply puppets of the Them Fed!
Right!?!
(Well, not those of us with some PMs, OH NO! We smart ones just hold our little coins and bars and are smug non-puppets, eh? OhYES! at least that's what the ads on the TV box say.. what's in Your safe eh?)
Liberty: Parent of Science & Industry
Them Fed are sock puppets for Wall Street.
See sigline.
Knowledge is the enemy of fear
All-in cost for silver climbing for the miners
"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
Not another Dallas Cowboys fan....ugh. lol
Knowledge is the enemy of fear
Pineapples at my local Safeway....$7! So do I drive to Walmart where I can get 'em for just under $3? It would cost me almost a gallon of gas roundtrip and gas is $2.78. And then there's the time involved. Is my effort worth the difference of a buck-twenty-two? The wear and tear on the vehicle? Insurance? Too two to much stress, I'll have my umbrella-drink w/o the pineapple wedge today.
Paradise can suck sometimes.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Got room in your backyard? Grow you own.
Knowledge is the enemy of fear
When prices increase because of changes in supply and demand more investment and production usually follow - this is a good thing. Unfortunately most prices increases in recent history are the result of changes in the money - not such a good thing. Monetary policy (or lack of) is what now drives inflation. Worry not, your Federal Reserve remains tasked with providing a stable dollar.
"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
Remember the high school business class definition of inflation (early 1980's)? "Too much money chasing too few goods"
We sure don't have too few goods (or services) and while there are enormous amounts of money in the system, 80% if it is in the hands of 20% of the population.
Barring a large spike in commodity prices we will see low inflation for some time to come.
Nah, takes two years and probably $50 in water.
Most prices increase recently are due to taxes and govt mandates and subsidies and are not the effect of supply/demand or monetary policy.
Knowledge is the enemy of fear
It doesn't rain in Hawaii?
Knowledge is the enemy of fear
BS. Most price increases are the result of a decrease in the dollar's purchasing power. The price of a 1964 90% silver Kennedy half dollar is a good example.
Only a fool believes a weaker dollar buys more goods.
"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
Darn it gold.....you were supposed to protect me from the fiat printing presses. You lied to me. Shame in you. Now I'm so far behind my fellow investors. I'll never catch up. Oh well, at least my kids will have some ting to dump at the pawn shop.
Knowledge is the enemy of fear