@derryb said:
You just need to learn when to buy and when not to.
Most people like in 95% need to learn when to sell That's the hardest part. Buying is easy
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.
7 bucks per fruit..
Is an insidious rate..
Maybe you should move..
To the 50th state!
Do not drive all the way to wal mart, buy a single pineapple, and then drive all the way home. That would not be efficient.
Instead, buy other items there, on which you also save money per unit, in addition to the pineapple. Then, when you sit down to perform the calculus on your expenditures, the extra cost of the fuel and vehicle depreciation and your personal time for the longer trip will be more than offset by the dollar savings on your total purchases.
The feeling of behaving in a rational fashion will be a bonus, as you sip that tasty drink afterwards.
You are welcome, glad to let you in on this secret technique.
$6.95 today buys what 75c did during the Korean War. Interesting that those are both the minimum wages during their respective times. I know, I know, min wage is 7.25....so workers might be better off today, I was just trying to give benefit of doubt.
@derryb said:
would consumer/personal debt be at an all time high if wages were keeping pace with inflation? Maybe the jobs aren't keeping pace with inflation.
Sure. People have the wants and why not borrow with low rates. Debt burden is actually as a decade low. I would more question the strength of the economy if debt was not up given low rates as that would be a sign of very low confidence and apprehension.
We have an abundance of jobs, but not willing workers due to govt subsidies such as welfare and unemployment handouts.
@cohodk said:
$6.95 today buys what 75c did during the Korean War. Interesting that those are both the minimum wages during their respective times. I know, I know, min wage is 7.25....so workers might be better off today, I was just trying to give benefit of doubt.
Inflation is at least 12 to 1 since the early 50's. 15 to one more likely. No Obamacare tax hit either for the low wage earners of the earlier era.
@cohodk said:
$6.95 today buys what 75c did during the Korean War. Interesting that those are both the minimum wages during their respective times. I know, I know, min wage is 7.25....so workers might be better off today, I was just trying to give benefit of doubt.
Inflation is at least 12 to 1 since the early 50's. 15 to one more likely. No Obamacare tax hit either for the low wage earners of the earlier era.
Derryb''s like above disagrees with you. If it's good enough for him then it's good enough for me.
@cohodk said:
$6.95 today buys what 75c did during the Korean War. Interesting that those are both the minimum wages during their respective times. I know, I know, min wage is 7.25....so workers might be better off today, I was just trying to give benefit of doubt.
Inflation is at least 12 to 1 since the early 50's. 15 to one more likely. No Obamacare tax hit either for the low wage earners of the earlier era.
Derryb''s like above disagrees with you. If it's good enough for him then it's good enough for me.
Well, keep in mind that it is a BLS calculator. I still think it's kinda neat even if it might be skewed.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
More debt equals better economy? Like housing debt in 2008? It's good til it ain't.
From your link...
More broadly, the economic picture looks far less precarious than it did in late 2008. The amount of monthly income that Americans must spend paying off their debt is smaller, and employment is flush
I think that confirms my decreased debt burden contention.. Surely some folks took on took much student debt...too bad for them, not the rest of us. And many companies will repay student debt as part of hiring agreements.
Student loan debt is not nearly as large as mortgages nor is it a systemic problem.
@cohodk said:
$6.95 today buys what 75c did during the Korean War. Interesting that those are both the minimum wages during their respective times. I know, I know, min wage is 7.25....so workers might be better off today, I was just trying to give benefit of doubt.
Inflation is at least 12 to 1 since the early 50's. 15 to one more likely. No Obamacare tax hit either for the low wage earners of the earlier era.
Derryb''s like above disagrees with you. If it's good enough for him then it's good enough for me.
Well, keep in mind that it is a BLS calculator. I still think it's kinda neat even if it might be skewed.
Ask a farmer how much he gets for a bushel of corn or wheat today vs 30 years ago.
@derryb said:
would consumer/personal debt be at an all time high if wages were keeping pace with inflation? Maybe the jobs aren't keeping pace with inflation.
We have an abundance of jobs, but not willing workers due to govt subsidies such as welfare and unemployment handouts.
Not willing workers is a big part of the problem. When you're unskilled and have to earn $30k/year to justify giving up your free rent, utilities, food, insurance and smartphones it's a big problem.
Uncle Sam hands out the equivalent of $2k+/month to any U.S. citizen willing to sit at home and watch TV.
UIG, created by the staff of the New York Fed is a broad-based measure of inflation that includes consumer and producer prices, commodity prices and real and financial asset prices. The New York Fed staff concluded that UIG detects cyclical turning points in underlying inflation and has a better track record than the consumer price series.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
sovereign bond yields are rising world wide. Regardless of what the mouth pieces tell us this is an excellent indicator of rising inflation. Central banks continue (again, regardless of what the mouth pieces tell us) to pump 100+ billion liquidity monthly into the markets ($60+ trillion of new debt since 2007, most at zero or near zero rates).
If bond yields are allowed to continue to rise many countries will find themselves insolvent. Look for central banks, at the direction of the BIS (central bank of the central banks and controlled by Washington), to make the difficult choice of ending current money infusion at the risk, and likelyhood, of crashing world wide stock markets.
"Put simply, if the choice is: 1) Let stocks drop and deal with complaints from Wall Street… Or… 2) Let the bond bubble blow up, destabilizing the entire financial system and rendering most governments insolvent..."
"Central Banks are going to opt for #1 Every. Single. Time."
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@cohodk said:
I hope we--the world--finally sees some higher rates and gets this global economy moving.
$60+ trillion in QE liquidity couldn't do it, although it kept the patient alive. Higher rates will kill the patient. Central Banks know this.
The Fed has stated 3 rate hikes are coming in 2018 and 2 more in 2019. That would (at 25 basis points apiece) double the current Fed Funds rate to 2.5% next year! It will be interesting to watch this pan out and is hard to imagine it actually happening.
The patient on Federal Reserve life support is Wall St./Big banks. Economy will always exist. . . in some form. When the FED is faced with a choice between keeping bond yields (inflation) under control or continued transfusions to the patient, Washington will dictate which way to go. Washington does not want to pay 6%+ on its mountain of debt.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
How is Wall Street or the big banks on life support?
6% is a hell of a long way from 2%.
We are all still waiting for this hyperinflation (or is it deflation) youve been bantering about for years.... honestly I cant tell what your position is as you contradict yourself so frequently.
Bottom line....economic growth is good. A little inflation is good. Seems we have and have had both for a few years now. Open your eyes.
@cohodk said:
How is Wall Street or the big banks on life support?
The FED cash punch bowl.
6% is a hell of a long way from 2%.
In the late 70's it was 5%. By 1980 it was 20%. Interest rates easily travel a long ways in a short period of time.
We are all still waiting for this hyperinflation (or is it deflation) youve been bantering about for years.... honestly I cant tell what your position is as you contradict yourself so frequently.
I don't use the word hyperinflation, but rising bond yields tell us the low rate party is nearing its end.
Bottom line....economic growth is good. A little inflation is good. Seems we have and have had both for a few years now. Open your eyes.
"A little inflation is good?" "A little cash devaluation is good" is what your money printers have fooled you into believing. While a little inflation is better than a lot of inflation, no inflation is best.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
While a little inflation is better than a lot of inflation, no inflation is best.
ABSOLUTELY WRONG!!!
Please show me an economy that has flourished with zero inflation. Please, please, please prove me wrong.
If this belief is your foundation of economics, then it is quite evident why your immeasurably wrong views of the economy have been so well demonstrated.
_@cohodk said:
How is Wall Street or the big banks on life support?
The FED cash punch bowl_
Again with cutesy euphemisms? WTF does mean?
Please provide a comparison of banks balance sheets and income statements showing how the banks are in worse condition than a decade ago--when apparently they were not on life support.
I heard Jamie Dimon got a nice raise last week. Many of us could live a comfortable lifestyle on his 5.4% increase. Inflation isn't worrying the CEO of JPMorgan Chase.
@jmski52 said:
Cohodk, can you certify that the banks are in great shape? I don’t believe that I can.
Accounting rules were officially changed after the last crisis to prevent any accurate certification. It's all "magic" numbers now.
And yes coho, banks are surviving on free money and low interest rates - FED medication. They have been holding the FED hostage with a threat of a financial meltdown. Rising bond yields (interest) are about to put the banks on notice.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
My property taxes went up 2%. But they go up 2% every year. California. However my auto registration went up 48%. California new law. And I have 5 vehicles. Ouch!
@VanHalen said:
I heard Jamie Dimon got a nice raise last week. Many of us could live a comfortable lifestyle on his 5.4% increase. Inflation isn't worrying the CEO of JPMorgan Chase.
Comments
You just need to learn when to buy and when not to.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Most people like in 95% need to learn when to sell That's the hardest part. Buying is easy
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......
If people knew when to buy and when not to, selling at a profit would not be the hardest part.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
7 bucks per fruit..
Is an insidious rate..
Maybe you should move..
To the 50th state!
King Wapatui Shave!!
Do not drive all the way to wal mart, buy a single pineapple, and then drive all the way home. That would not be efficient.
Instead, buy other items there, on which you also save money per unit, in addition to the pineapple. Then, when you sit down to perform the calculus on your expenditures, the extra cost of the fuel and vehicle depreciation and your personal time for the longer trip will be more than offset by the dollar savings on your total purchases.
The feeling of behaving in a rational fashion will be a bonus, as you sip that tasty drink afterwards.
You are welcome, glad to let you in on this secret technique.
Liberty: Parent of Science & Industry
Neat inflation calculator
it takes $9.27 to now buy what $1.00 would buy when I was born.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
$6.95 today buys what 75c did during the Korean War. Interesting that those are both the minimum wages during their respective times. I know, I know, min wage is 7.25....so workers might be better off today, I was just trying to give benefit of doubt.
Knowledge is the enemy of fear
would consumer/personal debt be at an all time high if wages were keeping pace with inflation? Maybe the jobs aren't keeping pace with inflation.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Sure. People have the wants and why not borrow with low rates. Debt burden is actually as a decade low. I would more question the strength of the economy if debt was not up given low rates as that would be a sign of very low confidence and apprehension.
We have an abundance of jobs, but not willing workers due to govt subsidies such as welfare and unemployment handouts.
Knowledge is the enemy of fear
Let's be honest about that "decade low" consumer debt burden.
More debt equals better economy? Like housing debt in 2008? It's good til it ain't.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Inflation is at least 12 to 1 since the early 50's. 15 to one more likely. No Obamacare tax hit either for the low wage earners of the earlier era.
Derryb''s like above disagrees with you. If it's good enough for him then it's good enough for me.
Knowledge is the enemy of fear
Well, keep in mind that it is a BLS calculator. I still think it's kinda neat even if it might be skewed.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
From your link...
More broadly, the economic picture looks far less precarious than it did in late 2008. The amount of monthly income that Americans must spend paying off their debt is smaller, and employment is flush
I think that confirms my decreased debt burden contention.. Surely some folks took on took much student debt...too bad for them, not the rest of us. And many companies will repay student debt as part of hiring agreements.
Student loan debt is not nearly as large as mortgages nor is it a systemic problem.
Knowledge is the enemy of fear
Ask a farmer how much he gets for a bushel of corn or wheat today vs 30 years ago.
Knowledge is the enemy of fear
Not willing workers is a big part of the problem. When you're unskilled and have to earn $30k/year to justify giving up your free rent, utilities, food, insurance and smartphones it's a big problem.
Uncle Sam hands out the equivalent of $2k+/month to any U.S. citizen willing to sit at home and watch TV.
and then compare that to what it now costs him to produce it.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Does that inflation or deflation?
Knowledge is the enemy of fear
UIG, created by the staff of the New York Fed is a broad-based measure of inflation that includes consumer and producer prices, commodity prices and real and financial asset prices. The New York Fed staff concluded that UIG detects cyclical turning points in underlying inflation and has a better track record than the consumer price series.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Looks quite benign. Hope it pucks up?
Knowledge is the enemy of fear
sovereign bond yields are rising world wide. Regardless of what the mouth pieces tell us this is an excellent indicator of rising inflation. Central banks continue (again, regardless of what the mouth pieces tell us) to pump 100+ billion liquidity monthly into the markets ($60+ trillion of new debt since 2007, most at zero or near zero rates).
If bond yields are allowed to continue to rise many countries will find themselves insolvent. Look for central banks, at the direction of the BIS (central bank of the central banks and controlled by Washington), to make the difficult choice of ending current money infusion at the risk, and likelyhood, of crashing world wide stock markets.
Their only alternative is to Let the bond bubble blow up, destabilizing the entire financial system and rendering most governments insolvent.
"Put simply, if the choice is:
1) Let stocks drop and deal with complaints from Wall Street…
Or…
2) Let the bond bubble blow up, destabilizing the entire financial system and rendering most governments insolvent..."
"Central Banks are going to opt for #1 Every. Single. Time."
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Then ask the farmer how many bushels he produces every season compared to what his grandpa did.
I hope we--the world--finally sees some higher rates and gets this global economy moving.
Knowledge is the enemy of fear
$60+ trillion in QE liquidity couldn't do it, although it kept the patient alive. Higher rates will kill the patient. Central Banks know this.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I sorry you don't see the economy is better today than 8 years ago.
I suppose I would only see darkness if I was buried in non-productive assets and followed ignorance and fear mongers though. So sad.
Knowledge is the enemy of fear
New York Times is $3.00 in the Southwest. Tripled in 20 years with a recent 20% bump.
Fake news is not cheap!
The Fed has stated 3 rate hikes are coming in 2018 and 2 more in 2019. That would (at 25 basis points apiece) double the current Fed Funds rate to 2.5% next year! It will be interesting to watch this pan out and is hard to imagine it actually happening.
Does anyone know what the 2yr, 5yr, 10yr and 30yr treasury rates are currently?
Knowledge is the enemy of fear
2.06, 2.45, 2.64 and 2.91 all on the rise.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Dang those are low rates.
Anyone know the long term historical rate on th 10yr?
Knowledge is the enemy of fear
low rates are keeping the patient on life support, going on ten years now. Time to pull the plug?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Why the cutesy nonsense? Life support, patient, pulling plug...
Don't you know the economy will only die when there are no people?
Knowledge is the enemy of fear
The patient on Federal Reserve life support is Wall St./Big banks. Economy will always exist. . . in some form. When the FED is faced with a choice between keeping bond yields (inflation) under control or continued transfusions to the patient, Washington will dictate which way to go. Washington does not want to pay 6%+ on its mountain of debt.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
How is Wall Street or the big banks on life support?
6% is a hell of a long way from 2%.
We are all still waiting for this hyperinflation (or is it deflation) youve been bantering about for years.... honestly I cant tell what your position is as you contradict yourself so frequently.
Bottom line....economic growth is good. A little inflation is good. Seems we have and have had both for a few years now. Open your eyes.
Knowledge is the enemy of fear
The FED cash punch bowl.
In the late 70's it was 5%. By 1980 it was 20%. Interest rates easily travel a long ways in a short period of time.
I don't use the word hyperinflation, but rising bond yields tell us the low rate party is nearing its end.
"A little inflation is good?"
"A little cash devaluation is good" is what your money printers have fooled you into believing. While a little inflation is better than a lot of inflation, no inflation is best.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
While a little inflation is better than a lot of inflation, no inflation is best.
ABSOLUTELY WRONG!!!
Please show me an economy that has flourished with zero inflation. Please, please, please prove me wrong.
If this belief is your foundation of economics, then it is quite evident why your immeasurably wrong views of the economy have been so well demonstrated.
Knowledge is the enemy of fear
_@cohodk said:
How is Wall Street or the big banks on life support?
The FED cash punch bowl_
Again with cutesy euphemisms? WTF does mean?
Please provide a comparison of banks balance sheets and income statements showing how the banks are in worse condition than a decade ago--when apparently they were not on life support.
Knowledge is the enemy of fear
Banks are in great shape, thanks to $Trillions of FED QE. Where do you think they would be today without it?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
So are banks in great shape or on life support?
Knowledge is the enemy of fear
They are in great shape because they are on life support. Pull the FED plug and they go down.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
https://usawatchdog.com/
Nomi Prins seems to have some credentials in banking and some good points to be made.
I am concerned about the interconnectedness and opaque nature of the whole financial system. Other than that, it's all good.
Besides, she's kinda hot.
(And quite bright, if you listen to the interview.)
I knew it would happen.
I heard Jamie Dimon got a nice raise last week. Many of us could live a comfortable lifestyle on his 5.4% increase. Inflation isn't worrying the CEO of JPMorgan Chase.
In case you missed it_marketwatch.com/story
Nomi Prins: "The Fed Is Scared To Death Of Crashing The Global Financial System"
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Lmfao!!!
I see your understanding of medicine is comparable to that of economics.
People who are scared usually make terrible decisions or analysts. Newsletter writers should remove emotion from their writings.
Knowledge is the enemy of fear
Cohodk, can you certify that the banks are in great shape? I don’t believe that I can.
I knew it would happen.
Accounting rules were officially changed after the last crisis to prevent any accurate certification. It's all "magic" numbers now.
And yes coho, banks are surviving on free money and low interest rates - FED medication. They have been holding the FED hostage with a threat of a financial meltdown. Rising bond yields (interest) are about to put the banks on notice.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Subway dropped the price of a basic sub from $6 to $5 in my market. Unusual as the minimum wage has taken some massive hikes recently.
My property taxes went up 2%. But they go up 2% every year. California. However my auto registration went up 48%. California new law. And I have 5 vehicles. Ouch!
100% Positive BST transactions
Not defending Dimon, but just > @jmski52 said:
Like my certification would mean anything?
All I know is that I'm going to ask my Dr to put me on life support so I'll be doing great.
Knowledge is the enemy of fear
Easy to certify that Dimon's in great financial shape. A billionaire in fact.