<< <i>More product deflation/devaluation.. I really like these Fibre1 bars which I get from Costco from time to time. I just bit into one from a box purchased yesterday. They've changed the composition so instead of mostly granola, about half of it now consists of puffy rice crispy bits. Overall weight is the same, but I am sure the calories and cost to produce have gone down. >>
covert inflation.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Two stores, 5 miles apart in distance, both items purchased on the same day, big difference in pricing.
PS God Bless Market Basket >>
Shaw's is brutal isn't it? I needed a jar of Bread Machine Yeast the other day it was $7.50 at shaws I saw the same size jar at Hannafords for $4.75 . The highest basic prices of any chain here south of Boston.
reports indicate the sales of luxury cars are up while average priced car sales are down. Does this indicate which income class is prospering in our current economic environment?
Or maybe more people are now rich.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Coffee is an interesting example. Wholesale price up from $1 to almost $2 a pound this year, but still below the $3 peak of a few years ago.
Still a nearly 100% hike in a few months on a commodity consumed by over half the nation, that the feds will no doubt discount in calculating consumer inflation.
Of course the price of beef has risen in dollars... the more interesting question is, how many minutes did his average customer have to work to pay for a pound of ground round, versus today?
<< <i>Of course the price of beef has risen in dollars... the more interesting question is, how many minutes did his average customer have to work to pay for a pound of ground round, versus today? >>
Better question might be, how many don't have to work for the ground round, because they are using foodstamps?
<< <i>Of course the price of beef has risen in dollars... the more interesting question is, how many minutes did his average customer have to work to pay for a pound of ground round, versus today? >>
Better question might be, how many don't have to work for the ground round, because they are using foodstamps? >>
Yeah, those foodstamp recipients, they really have it made, don't they
<< <i>Some of them do, Baley. And some of them don't. >>
A former neighbor worked as a waitress off the books and received foodstamps for herself and two kids that she had custody of only half the year. She complained bitterly that the government benefit would not cover booze and tobacco.
Here's an inflation report on some big ticket items. We recently purchased new appliances -- refrigerator, range, washer-dryer, dishwasher. We had made very similar purchases 9 years ago. Change in price over nine years: zero.
<< <i>A corvette in 1998 was 44k, now 55k. That's a 25% increase!!!!....over 15 years. Oh such burden >>
In 1964 a new Corvette was just over $4,000. If it costs $55,000 today, that's a 5.5% annual increase, compounded, over fifty years.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
<< <i>A corvette in 1998 was 44k, now 55k. That's a 25% increase!!!!....over 15 years. Oh such burden >>
In 1964 a new Corvette was just over $4,000. If it costs $55,000 today, that's a 5.5% annual increase, compounded, over fifty years. >>
That would be more relevant to the discussion of monetary inflation, if the car, or anything else about the world, were exactly the same then as now.
Something like a car or a television is kind of a really bad example to try to make a case for *pure* inflation figures. Something like a dozen roses, or a pound of hamburger, or a haircut at least doesn't change very much, in and of itself, over time.
<< <i>A corvette in 1998 was 44k, now 55k. That's a 25% increase!!!!....over 15 years. Oh such burden >>
In 1964 a new Corvette was just over $4,000. If it costs $55,000 today, that's a 5.5% annual increase, compounded, over fifty years. >>
In 1964 average income was about $4000, today about $55000. Has the corvette become more expensive? >>
Inflation is an insidious residue of reckless government policy. Even if the affordability of the Corvette has remained constant over 50 years, it still reflects a better than 90% reduction in the value of the U.S. Dollar.
Let us say that a young man bought a 64 Vette, 50 years ago as an investment. Assume that it brought $55,000 today. Though he really broke even when considering the time value of money, he would have a substantial tax bill on the "profit".
We are kind of dumb though in that regard. Most of us want to see the price of our assets, whether a home, gold or stocks, go up in price over time. To hell as to whether we have earned a real return or not.
<< <i>Engine wise they haven't made a real corvette in 40 years . Looks wise its about 32 or 33 years.
Why innovate when you can grind the last drop of profit out of a once proud car line?
The current abomination is just a visual reminder of why GM should have gone under. >>
You are the first I've heard that doesn't like the new vette. And the fact that GM can raise prices due to demand shows that your opinion is in the minority.
My nephew says inflation is not real. That salaries have gone up accordingly over the years as well as inflation. There is a point to this, but I dont' know the real facts.
However, now that I'm not working. I would be able to feel the pinch of inflation...
<< <i>Engine wise they haven't made a real corvette in 40 years . Looks wise its about 32 or 33 years.
Why innovate when you can grind the last drop of profit out of a once proud car line?
The current abomination is just a visual reminder of why GM should have gone under. >>
You are the first I've heard that doesn't like the new vette. And the fact that GM can raise prices due to demand shows that your opinion is in the minority.
Markets dictate innovation. >>
How does this effect those who depend upon a fixed income?
<< <i>Engine wise they haven't made a real corvette in 40 years . Looks wise its about 32 or 33 years.
Why innovate when you can grind the last drop of profit out of a once proud car line?
The current abomination is just a visual reminder of why GM should have gone under. >>
You are the first I've heard that doesn't like the new vette. And the fact that GM can raise prices due to demand shows that your opinion is in the minority.
Markets dictate innovation. >>
Who says there is actual demand? It's GM channel stuffing is what they do best probably force a bunch of their dealers to buy them sure the dealers buy a ton and they rot into the showroom floor
Innovation? look at these options
Two 8-inch HD color displays Worthless garbage am I going to watch TV in the car now? delete it
8-way power seats with leather surfaces heavy useless delete it
Power tilt and telescoping steering column for fat guys don't need it ....... . yet
Keyless Access with Push-Button Start the top comes off keyless entry is a given , push button start ? Its a standard so don't put it in gear when I park it? If I do will it lurch into a wall when I press the button
7-speed manual transmission with Active Rev Matching and launch control ( 7 speeds is 3 too many , 2 or 3 overdrives seriously? . delete this and give me a M22
Rear vision camera ( mirrors anyone? turning of the head works )
Aluminum frame structure ( why bother saving weight when you are going to put power operated heated seats in it?)
9-speaker Bose® audio system with 3-month trial subscription to SiriusXM Satellite Radio† ( with the radio on I can't hear the engine )
You could have 435 horsepower in 1967 with an L88 now we are up to 460 only 46 short years later too bad its 1000 pounds heavier.
There is so much pork in this car it must have been designed by the US congress.
When I started delivering papers in 1983, the weekend (Saturday and Sunday) cost 70 cents. Today, the same paper runs me $4 per weekend. I know a 31 year example is more than you are looking for, but I was shocked to see the difference.
<< <i>Here's an inflation report on some big ticket items. We recently purchased new appliances -- refrigerator, range, washer-dryer, dishwasher. We had made very similar purchases 9 years ago. Change in price over nine years: zero. >>
As a brother of an appliance salesman I asked him what's up with this. Basically this statement is very true. However, components have changed. For instance he said on refers the HP on the compressors has dropped (cheaper but don't last as long). So, prices may not have changed but manufacturing or place of manufacturing certainly has. bob
Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
<< <i>Its quite obvious that many people know the markets better than the markets know themselves.
But speaking of inflation.....that darn stock market thingy majiggy is up 27% in the last year. How the heck am I going to be able to afford that??!! >>
Frustrated by nearly zero returns from the bank, an elderly neighbor recently put most of his life savings in an S&P fund.
sudden changes in strategy and asset allocation can turn out terrible, great, or anything in between.
portfolios built over time by slow, steady accumulation historically well-performing assets of more than one type (diversification), and held throughout market cycles, have historically generally performed well.
<< <i>sudden changes in strategy and asset allocation can turn out terrible, great, or anything in between.
portfolios built over time by slow, steady accumulation historically well-performing assets of more than one type (diversification), and held throughout market cycles, have historically generally performed well. >>
Agree 100%.
Perhaps if George was still earning 3 or 4% on his bank deposits, he would not have jumped in with virtually everything he had.
Lots of retirees have a spend the interest and hold the principle philosophy. Has not worked well for many over the last half decade.
perhaps if George had been at least partially invested in the S&P all along, the low yields on passbook savings accounts and CDs would not have been so critically worrisome
<< <i>perhaps if George had been at least partially invested in the S&P all along, the low yields on passbook savings accounts and CDs would not have been so critically worrisome >>
You are right on Baley. George was out of the market up to now….now decides to enter after equities have run up to an all time high. Usually a signal of market tops when this starts to occur. George needs to have someone else manage his affairs as he does not seen able to do it prudently. JMHO.
Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
<< <i>perhaps if George had been at least partially invested in the S&P all along, the low yields on passbook savings accounts and CDs would not have been so critically worrisome >>
You are right on Baley. George was out of the market up to now….now decides to enter after equities have run up to an all time high. Usually a signal of market tops when this starts to occur. George needs to have someone else manage his affairs as he does not seen able to do it prudently. JMHO. >>
George could of and should be investing a bit more wisely. At least with the SP investment vs more speculative issues like Amazon and Tesla, the volatility should be more muted. He won't lose everything even if the markets return to reality in the near future.
You are correct mariner, this type of buying may signal a market top. Similar frothiness and bravado were evident at the top of the housing market.
Perhaps the fed will bail out the George's as they did home owners of half a decade ago......
In reality, JCP is up 45% since I got in, but am last in the "investment game" on these boards. The gold lost 30% of it's value in my inventory last year. My property taxes are based off of a value that far exceeds what my property is worth. But inflation happens when everyone is comfortable paying too much for things they don't need.
<< <i>In reality, JCP is up 45% since I got in, but am last in the "investment game" on these boards. The gold lost 30% of it's value in my inventory last year. My property taxes are based off of a value that far exceeds what my property is worth. But inflation happens when everyone is comfortable paying too much for things they don't need. >>
Time to do an appeal with the local county tax assessor. I have done it successfully.....usually very easy if your home is overassessed.
Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
Took the cats for their annuals and teeth work.... Gets more expensive every year. About $800 per cat. Aloha refund check. The cats didn't see any changes but I did. Was around $300 per, just a few years ago.
<< <i>Did you hear, they just developed a new artificial hip replacement for pet cats, it's only $17,000 per procedure..
this is only $16,900 more than theold procedure... Total Cat Replacement! >>
Ha! Good one.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
Comments
<< <i>More product deflation/devaluation.. I really like these Fibre1 bars which I get from Costco from time to time. I just bit into one from a box purchased yesterday. They've changed the composition so instead of mostly granola, about half of it now consists of puffy rice crispy bits. Overall weight is the same, but I am sure the calories and cost to produce have gone down. >>
covert inflation.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Two stores, 5 miles apart in distance, both items purchased on the same day, big difference in pricing.
PS
God Bless Market Basket
Charles III Album
Charles III Portrait Set
Charles IV Album
Charles IV Portrait Set
Spanish Colonial Pillar Set
<< <i>inflation or location
Two stores, 5 miles apart in distance, both items purchased on the same day, big difference in pricing.
PS
God Bless Market Basket >>
Shaw's is brutal isn't it? I needed a jar of Bread Machine Yeast the other day it was $7.50 at shaws I saw the same size jar at Hannafords for $4.75 . The highest basic prices of any chain here south of Boston.
http://money.cnn.com/2014/03/07/autos/chevrolet-corvette-price-increase/index.html?hpt=hp_t2
Knowledge is the enemy of fear
Or maybe more people are now rich.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Still a nearly 100% hike in a few months on a commodity consumed by over half the nation, that the feds will no doubt discount in calculating consumer inflation.
At one point, Alice lamented, "A rose by any other name... is still ten bucks a dozen."
Earlier this morning, I went to the store and bought my wife a dozen fresh yellow roses for... $9.99
Liberty: Parent of Science & Industry
<< <i>My kids and I just watched a Brady Bunch episode from 1971.
At one point, Alice lamented, "A rose by any other name... is still ten bucks a dozen."
Earlier this morning, I went to the store and bought my wife a dozen fresh yellow roses for... $9.99 >>
Wonder if Sam the butcher's pricing has remained stable for 43 years?
Liberty: Parent of Science & Industry
<< <i>Of course the price of beef has risen in dollars... the more interesting question is, how many minutes did his average customer have to work to pay for a pound of ground round, versus today? >>
Better question might be, how many don't have to work for the ground round, because they are using foodstamps?
<< <i>
<< <i>Of course the price of beef has risen in dollars... the more interesting question is, how many minutes did his average customer have to work to pay for a pound of ground round, versus today? >>
Better question might be, how many don't have to work for the ground round, because they are using foodstamps? >>
Yeah, those foodstamp recipients, they really have it made, don't they
Liberty: Parent of Science & Industry
I knew it would happen.
<< <i>Some of them do, Baley. And some of them don't. >>
A former neighbor worked as a waitress off the books and received foodstamps for herself and two kids that she had custody of only half the year. She complained bitterly that the government benefit would not cover booze and tobacco.
Plenty of scum like that in the world.
Knowledge is the enemy of fear
<< <i>Yeah, those foodstamp recipients, they really have it made, don't they
They get a better ROE (return on effort) than most, considering the housing and cell phone that are included.
On the flip side of inflation, one must also consider the deflation that has occurred with disposable income.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>A corvette in 1998 was 44k, now 55k. That's a 25% increase!!!!....over 15 years. Oh such burden >>
Inflation is not linear.
A 1959 Chevy Biscayne was stickered at $1,500.00.
<< <i>A corvette in 1998 was 44k, now 55k. That's a 25% increase!!!!....over 15 years. Oh such burden >>
In 1964 a new Corvette was just over $4,000. If it costs $55,000 today, that's a 5.5% annual increase, compounded, over fifty years.
<< <i>
<< <i>A corvette in 1998 was 44k, now 55k. That's a 25% increase!!!!....over 15 years. Oh such burden >>
In 1964 a new Corvette was just over $4,000. If it costs $55,000 today, that's a 5.5% annual increase, compounded, over fifty years. >>
That would be more relevant to the discussion of monetary inflation, if the car, or anything else about the world, were exactly the same then as now.
Something like a car or a television is kind of a really bad example to try to make a case for *pure* inflation figures. Something like a dozen roses, or a pound of hamburger, or a haircut at least doesn't change very much, in and of itself, over time.
Liberty: Parent of Science & Industry
<< <i>
<< <i>A corvette in 1998 was 44k, now 55k. That's a 25% increase!!!!....over 15 years. Oh such burden >>
In 1964 a new Corvette was just over $4,000. If it costs $55,000 today, that's a 5.5% annual increase, compounded, over fifty years. >>
In 1964 average income was about $4000, today about $55000. Has the corvette become more expensive?
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>A corvette in 1998 was 44k, now 55k. That's a 25% increase!!!!....over 15 years. Oh such burden >>
In 1964 a new Corvette was just over $4,000. If it costs $55,000 today, that's a 5.5% annual increase, compounded, over fifty years. >>
In 1964 average income was about $4000, today about $55000. Has the corvette become more expensive? >>
Maybe wait 'til you retire???
Engine wise they haven't made a real corvette in 40 years . Looks wise its about 32 or 33 years.
Why innovate when you can grind the last drop of profit out of a once proud car line?
The current abomination is just a visual reminder of why GM should have gone under.
<< <i>
<< <i>
<< <i>A corvette in 1998 was 44k, now 55k. That's a 25% increase!!!!....over 15 years. Oh such burden >>
In 1964 a new Corvette was just over $4,000. If it costs $55,000 today, that's a 5.5% annual increase, compounded, over fifty years. >>
In 1964 average income was about $4000, today about $55000. Has the corvette become more expensive? >>
Inflation is an insidious residue of reckless government policy. Even if the affordability of the Corvette has remained constant over 50 years, it still reflects a better than 90% reduction in the value of the U.S. Dollar.
Let us say that a young man bought a 64 Vette, 50 years ago as an investment. Assume that it brought $55,000 today. Though he really broke even when considering the time value of money, he would have a substantial tax bill on the "profit".
We are kind of dumb though in that regard. Most of us want to see the price of our assets, whether a home, gold or stocks, go up in price over time. To hell as to whether we have earned a real return or not.
<< <i>Just returned from the Dollar store and and happy to report that prices have remained stable at a buck. >>
<< <i>Engine wise they haven't made a real corvette in 40 years . Looks wise its about 32 or 33 years.
Why innovate when you can grind the last drop of profit out of a once proud car line?
The current abomination is just a visual reminder of why GM should have gone under. >>
You are the first I've heard that doesn't like the new vette. And the fact that GM can raise prices due to demand shows that your opinion is in the minority.
Markets dictate innovation.
Knowledge is the enemy of fear
There is a point to this, but I dont' know the real facts.
However, now that I'm not working. I would be able to feel the pinch of inflation...
<< <i>
<< <i>Engine wise they haven't made a real corvette in 40 years . Looks wise its about 32 or 33 years.
Why innovate when you can grind the last drop of profit out of a once proud car line?
The current abomination is just a visual reminder of why GM should have gone under. >>
You are the first I've heard that doesn't like the new vette. And the fact that GM can raise prices due to demand shows that your opinion is in the minority.
Markets dictate innovation. >>
How does this effect those who depend upon a fixed income?
<< <i>
<< <i>Engine wise they haven't made a real corvette in 40 years . Looks wise its about 32 or 33 years.
Why innovate when you can grind the last drop of profit out of a once proud car line?
The current abomination is just a visual reminder of why GM should have gone under. >>
You are the first I've heard that doesn't like the new vette. And the fact that GM can raise prices due to demand shows that your opinion is in the minority.
Markets dictate innovation. >>
Who says there is actual demand? It's GM channel stuffing is what they do best probably force a bunch of their dealers to buy them sure the dealers buy a ton and they rot into the showroom floor
Innovation? look at these options
Two 8-inch HD color displays Worthless garbage am I going to watch TV in the car now? delete it
8-way power seats with leather surfaces heavy useless delete it
Power tilt and telescoping steering column for fat guys don't need it ....... . yet
Keyless Access with Push-Button Start the top comes off keyless entry is a given , push button start ? Its a standard so don't put it in gear when I park it? If I do will it lurch into a wall when I press the button
7-speed manual transmission with Active Rev Matching and launch control ( 7 speeds is 3 too many , 2 or 3 overdrives seriously? . delete this and give me a M22
Rear vision camera ( mirrors anyone? turning of the head works )
Aluminum frame structure ( why bother saving weight when you are going to put power operated heated seats in it?)
9-speaker Bose® audio system with 3-month trial subscription to SiriusXM Satellite Radio† ( with the radio on I can't hear the engine )
You could have 435 horsepower in 1967 with an L88 now we are up to 460 only 46 short years later too bad its 1000 pounds heavier.
There is so much pork in this car it must have been designed by the US congress.
It's been 60 years enough is enough.
Liberty: Parent of Science & Industry
<< <i>yer right, gol durnit and by cracky! boy howdy, kids these days! ayup, harken back to yestedey, dems wuz de days! >>
You be cool...worry notin.
<< <i>yer right, gol durnit and by cracky! boy howdy, kids these days! ayup, harken back to yestedey, dems wuz de days! >>
That did sound a little cranky
>
Successful transactions on the BST boards with rtimmer, coincoins, gerard, tincup, tjm965, MMR, mission16, dirtygoldman, AUandAG, deadmunny, thedutymon, leadoff4, Kid4HOF03, BRI2327, colebear, mcholke, rpcolettrane, rockdjrw, publius, quik, kalinefan, Allen, JackWESQ, CON40, Griffeyfan2430, blue227, Tiggs2012, ndleo, CDsNuts, ve3rules, doh, MurphDawg, tennessebanker, and gene1978.
But speaking of inflation.....that darn stock market thingy majiggy is up 27% in the last year. How the heck am I going to be able to afford that??!!
Knowledge is the enemy of fear
<< <i>Here's an inflation report on some big ticket items. We recently purchased new appliances -- refrigerator, range, washer-dryer, dishwasher. We had made very similar purchases 9 years ago. Change in price over nine years: zero. >>
As a brother of an appliance salesman I asked him what's up with this. Basically this statement
is very true. However, components have changed. For instance he said on refers the HP on the
compressors has dropped (cheaper but don't last as long). So, prices may not have changed
but manufacturing or place of manufacturing certainly has.
bob
<< <i>Its quite obvious that many people know the markets better than the markets know themselves.
But speaking of inflation.....that darn stock market thingy majiggy is up 27% in the last year. How the heck am I going to be able to afford that??!! >>
Frustrated by nearly zero returns from the bank, an elderly neighbor recently put most of his life savings in an S&P fund.
Let's see how well that turns out for him.
portfolios built over time by slow, steady accumulation historically well-performing assets of more than one type (diversification), and held throughout market cycles, have historically generally performed well.
Liberty: Parent of Science & Industry
<< <i>sudden changes in strategy and asset allocation can turn out terrible, great, or anything in between.
portfolios built over time by slow, steady accumulation historically well-performing assets of more than one type (diversification), and held throughout market cycles, have historically generally performed well. >>
Agree 100%.
Perhaps if George was still earning 3 or 4% on his bank deposits, he would not have jumped in with virtually everything he had.
Lots of retirees have a spend the interest and hold the principle philosophy. Has not worked well for many over the last half decade.
Liberty: Parent of Science & Industry
<< <i>perhaps if George had been at least partially invested in the S&P all along, the low yields on passbook savings accounts and CDs would not have been so critically worrisome
You are right on Baley.
George was out of the market up to now….now decides to enter after equities have run up to an all time high.
Usually a signal of market tops when this starts to occur.
George needs to have someone else manage his affairs as he does not seen able to do it prudently.
JMHO.
<< <i>
<< <i>perhaps if George had been at least partially invested in the S&P all along, the low yields on passbook savings accounts and CDs would not have been so critically worrisome
You are right on Baley.
George was out of the market up to now….now decides to enter after equities have run up to an all time high.
Usually a signal of market tops when this starts to occur.
George needs to have someone else manage his affairs as he does not seen able to do it prudently.
JMHO. >>
George could of and should be investing a bit more wisely. At least with the SP investment vs more speculative issues like Amazon and Tesla, the volatility should be more muted. He won't lose everything even if the markets return to reality in the near future.
You are correct mariner, this type of buying may signal a market top. Similar frothiness and bravado were evident at the top of the housing market.
Perhaps the fed will bail out the George's as they did home owners of half a decade ago......
Inflation in florida trauma centers
But inflation happens when everyone is comfortable paying too much for things they don't need.
<< <i>In reality, JCP is up 45% since I got in, but am last in the "investment game" on these boards. The gold lost 30% of it's value in my inventory last year. My property taxes are based off of a value that far exceeds what my property is worth.
But inflation happens when everyone is comfortable paying too much for things they don't need. >>
Time to do an appeal with the local county tax assessor.
I have done it successfully.....usually very easy if your home is overassessed.
<< <i>Gets more expensive every year. About $800 per cat. >>
Got priced out of the pet market a few years ago. Vets have to live well too, I suppose.
this is only $16,900 more than theold procedure... Total Cat Replacement!
Liberty: Parent of Science & Industry
<< <i>Did you hear, they just developed a new artificial hip replacement for pet cats, it's only $17,000 per procedure..
this is only $16,900 more than theold procedure... Total Cat Replacement! >>
Ha! Good one.
Pops to about $17 a week after that though. Will not be a problem though as the subscription will terminate at the new rate.