No deflation there as nothing is too good or too safe when transporting ANY govt official.
How come only the foods that are healthy for us continue to go up in price? (fruits, veggies, properly raised fish and meat, real whole grains, nuts, seeds, worthwhile supplements and vitamins, etc.). The nutrition-less processed "foods" that kill us are by necessity kept affordable so we can eat them. Just call it the thinning of the herd and propagation of health care costs. I was coming back from a family get together Sunday night and decided to stop at Wendy's for some "cheap" junior cheese deluxe burgers. I hadn't been at the store in 3-5 years when those burgers were on the value menu for $1.09. This time around $1.89. Holy crap. No value menu at all that I could see. So I exercised my BLS substitutional rights once again by driving on through the "drive-through" and getting right back on the highway....heading to Burger King closer to home where they always have specials and coupons. Ended up getting 2 Jr. whoppers + 2 small fires for $3.99 + tax (half for the Mrs.). This "food" can still be affordable.
Didn't feel so bad paying $22.50 for a bike tube replacement yesterday, though a double in about 7 years.
Been a customer for 14 years and was a bit surprised (yet cooperative) when the manager asked me for ID with my Amex card.
New policy he said half apologetically.
Seemed that last week a lady asked to test ride a $2500 bike. She left a credit card with the trusting proprietor. Headed out the door and never returned. The credit card had been stolen.
One can comment on the wisdom of the shop taking that sort of risk, but certainly it will not happen again.
<< <i>Didn't feel so bad paying $22.50 for a bike tube replacement yesterday, though a double in about 7 years.
Been a customer for 14 years and was a bit surprised (yet cooperative) when the manager asked me for ID with my Amex card.
New policy he said half apologetically.
Seemed that last week a lady asked to test ride a $2500 bike. She left a credit card with the trusting proprietor. Headed out the door and never returned. The credit card had been stolen.
One can comment on the wisdom of the shop taking that sort of risk, but certainly it will not happen again. >>
I took a test ride on a bike recently, price tag about $1K, and the result was the opposite. They wanted my ID, didn't ask for a credit card to hold.
grading fees ATS have nearly doubled on modern one ounce gold. Coins over $1K in value now have to be submitted at early bird level @ $30 per coin plus $5 for early release label. Before recent price change same coin could be submitted as modern special for $18 which included early release label.
"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
"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've been cooking / grocery buying now while the Mrs does the dishes. I had been complaining to her about the prices for some time now to her, but were always falling on deaf ears.
Fathers Day she ran out to buy some things for her to cook for me. She came back flabbergasted that Safeway bacon cost her $8 lb for mostly fat. Really !!!!!! you hadn't heard a thing I've been telling you all this time, lol Apparently people like to be blind and dumb for as long as they can prolong it.
Good link. I would think that food & beverage consumes over 14.9% of family take home. >>
It does now.
"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
Well, that's good for somebody then. Producers of those items must be enjoying these nice high prices. Probably some new supply will be induced to come to market by these nice high prices?
what will higher prices do to demand? what will increased supply do to prices?
Maybe sellers "should" sell their goods for less than the market will bear, that's what coin dealers do, play santa claus, right?
c'mon smart guys with all the answers, let's get together and repair the broken world, what do you say?
<< <i>Well, that's good for somebody then. Producers of those items must be enjoying these nice high prices. Probably some new supply will be induced to come to market by these nice high prices?
what will higher prices do to demand? what will increased supply do to prices?
Maybe sellers "should" sell their goods for less than the market will bear, that's what coin dealers do, play santa claus, right?
c'mon smart guys with all the answers, let's get together and repair the broken world, what do you say? >>
You're right it is good for somebody. It's good for the 1%ers who reel in 90% of the money from corporate profits, The Fed, U.S. Treasury, and the U.S Congress who they own. Very good for them indeed.
Smart guys like me try to help others and vote for the best candidates. We will never be wealthy. It is easier for camel to go through the eye of a needle than for a rich man to make it to heaven right? There's good reason for that simple fact.
""""Well, that's good for somebody then. Producers of those items must be enjoying these nice high prices. Probably some new supply will be induced to come to market by these nice high prices?""""
Baley, I have no issue whatsoever with mining, manufacturers and retailers of all type commanding whatever the market will bear.
I have great disdain though for an economy corrupted by reckless spending. Especially when the money does not exist and must be created with a click of a mouse.
Further I expect those in office to tell the truth and give us the information straight. Not to grossly understate the inflation rate like a South American Banana Republic.
I am not stupid, I understand the rationale is to degrade entitlement benefits and keep investors confidently buying U.S. long paper. No consumer is fooled by this blather, but it continues under its own inertia.
<< <i>I've been cooking / grocery buying now while the Mrs does the dishes. I had been complaining to her about the prices for some time now to her, but were always falling on deaf ears.
Fathers Day she ran out to buy some things for her to cook for me. She came back flabbergasted that Safeway bacon cost her $8 lb for mostly fat. Really !!!!!! you hadn't heard a thing I've been telling you all this time, lol Apparently people like to be blind and dumb for as long as they can prolong it. >>
Bacon always goes on sale. But the average cost is higher because of a virus that has killed a large majority of piglets.
Im sure this virus is just a conspiracy between big pharma and the Govt to juice prices since the FED has been rather inept to do so.
Good link. I would think that food & beverage consumes over 14.9% of family take home. >>
It does now. >>
The CDC says nearly 35% of Americans are obese, so I guess that figure is probably much higher. And among the lower class is probably near 100%. Interesting that the poorer one is, the more overweight they are. And to tie into the minimum wage thread, I dont see many skinny people working at McDonalds.
"""The CDC says nearly 35% of Americans are obese, so I guess that figure is probably much higher. And among the lower class is probably near 100%. Interesting that the poorer one is, the more overweight they are."""
Was at the store last night. Organic grapes* were $9.00 for a bag of just over 2 pounds. Big Azz bag of tortilla chips was $2.50.
Lot easier for the $10 an hour worker to pick up the chips than the grapes.
Absolutely no excuse for anyone to be obese. We are all responsible for taking care of ourselves and carrots and celery are available for a decent price, they just don't give the consumer the rush that the chips do. Folks though like to make the easy but poor choice. Figure that the ACA can pick up the never ending medical costs.
*Organic is the only smart way to go with grapes as the pesticide use on the commercial crop is intense.
<< <i> Interesting that the poorer one is, the more overweight they are.
one must have enough leisure time in which to work out, and some motivation to improve or at least maintain their health status >>
And the more likely you are to smoke. I am always amazed at the guy in the old pickup truck who comes into the store I frequent and buys a pack of smokes and a sandwich for lunch, and takes his change from a $20 in scratch tickets. Peer pressure is a huge motivating factor. Butter was almost $3.50 a pound yesterday, up a dollar from last year.
When someone starts a "butter porn" thread, I will show you my collection of butter from all over the world. Many of the pats and sticks are certified and have impressive pedigrees.
<< <i>Just a bump to note that we are ending the weekend with a 12 month high on the CRB index.
>>
Yup. Another 5% and we'll be back to 2012 highs. And another 20% higher to get to the 2011 peak. And if we can get oil off its arse maybe the index will rise 50% to match the 2008 peak.
<< <i>Just a bump to note that we are ending the weekend with a 12 month high on the CRB index.
>>
Yup. Another 5% and we'll be back to 2012 highs. And another 20% higher to get to the 2011 peak. And if we can get oil off its arse maybe the index will rise 50% to match the 2008 peak. >>
Give it a bit of time. Consumers are getting butt whacked on the service side of inflation, most notably forced healthcare. Now that payments to the docs and their front men the insurers are mandated by law, the consumer has been choked off from tangible goods that make up the CRB.
Alas though, as the Bernanke stock market fountain of wealth (and youth) overflows on the super wealthy, scores of billions of dollars will trickle down into the pool of lowly commodities. Instead of consumer driven increases in these necessities, speculation by the annual Davos attendees will secure the deed as was the case of oil, pre 2008 crash.
Of course the same wizards of Congress that screamed for the easy money, will be trying to clamp down on speculative excess that hurts their constituents. Never works though.
Bailout 2.0 will not be nearly as neat as the 2008 version as US paper will be considered disposable.
"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
Sounds potentially very deflationary. If no one can afford the goods and services then prices must come down. Maybe the Fed and ECB aint so stupid in keeping rates low?
Sounds potentially very deflationary. If no one can afford the goods and services then prices must come down. Maybe the Fed and ECB aint so stupid in keeping rates low? >>
Real wages have deflated over the fast fifty years. What have prices done?
"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
Sounds potentially very deflationary. If no one can afford the goods and services then prices must come down. Maybe the Fed and ECB aint so stupid in keeping rates low? >>
Real wages have deflated over the fast fifty years. What have prices done? >>
Somethings gotta give then, doesn't it. The best cure for high prices is always high prices. Unless we decide to give people the ability to pay...and this wage inflation is the inflation that would concern me.
<< <i>Somethings gotta give then, doesn't it. The best cure for high prices is always high prices. Unless we decide to give people the ability to pay...and this wage inflation is the inflation that would concern me. >>
What is occurring and will continue at least form the American middle class perspective, is that they will pay more for what is purchased and with slowly growing wages, just buy less stuff. Many that I know are forgoing cable TV for that reason as an example.
The process is often framed on this board as if it's a bad thing when people think about what to spend their money on and make various purchase decision changes based on evolving value-for-cost analyses.
On the contrary, that's exactly how markets work. Prices too high? buy less of it. Prices a bargain, in your opinion? then load up!
The problems start when people start telling other people what to think and do, and complain about when "they" don't do what someone wants them to do
The process is often framed on this board as if it's a bad thing when people think about what to spend their money on and make various purchase decision changes based on evolving value-for-cost analyses.
On the contrary, that's exactly how markets work. Prices too high? buy less of it. Prices a bargain, in your opinion? then load up!
The problems start when people start telling other people what to think and do, and complain about when "they" don't do what someone wants them to do >>
So it is all well that DC spends a Trillion more a year than they take in and print the difference.
In BaleyWorld it would be even better to shuck the tax code and just print the $3.5T of annual expenditures.
The economy would really hum with prices rising 30% a year instead of the current 8%.
"…. it would be even better to shuck the tax code…."
One of the many problems with the current tax code is that roughly 50% of people pay no federal and in most cases no state taxes as well. A flat tax would create an equal "burden" on everyone. Yeah, I know, some are too poor to pay taxes. So the liberal answer is to have the rich pay too much. I feel for the poor/less fortunate which is why I contribute generously every year to a variety of charities of my choosing. While I am no fan of corporations, it is the high corporate tax rates in this country which is causing companies to now flee overseas by doing corporate takeovers to get the foreign address to avoid our tax structure. What a mess!
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
The process is often framed on this board as if it's a bad thing when people think about what to spend their money on and make various purchase decision changes based on evolving value-for-cost analyses.
On the contrary, that's exactly how markets work. Prices too high? buy less of it. Prices a bargain, in your opinion? then load up!
The problems start when people start telling other people what to think and do, and complain about when "they" don't do what someone wants them to do >>
So it is all well that DC spends a Trillion more a year than they take in and print the difference.
In BaleyWorld it would be even better to shuck the tax code and just print the $3.5T of annual expenditures.
The economy would really hum with prices rising 30% a year instead of the current 8%. >>
extrapolatum ad absurdum, and putting words/concepts on people that they didn't say, that's your counterpoint?
no reply possible except to give an equally ridiculous example and credit you, maybe of anarchy, or kill all the basterds and replace them with different basterds (mckickers maybe)
weak dude, really weak reasoning. I'm disappointed, but not surprised. Feel free to try again, or not. Even better, travel to some different countries, and then count your blessings.
PS: and it's 2% or so, currently, on a macro basis. Your 8% figure is gamed by you and your selection of what to measure. Again, not good logic. Sorry.
Comments
25% hike...overnight. Looked at Sprouts stock recently and it is skidding like Whole Food,
Organic Potatoes are not a luxury btw as the commercially grown ones are much less than optimal.
Would it be better if they raised the price 1% every hour?
Organic potatoes? They grow in dirt with nematodes and worms and bacteria. Blech!!
Knowledge is the enemy of fear
<< <i>Would it be better if they raised the price 1% every hour? >>
Hourly pricing?
Don't give them any ideas.
No deflation there as nothing is too good or too safe when transporting ANY govt official.
How come only the foods that are healthy for us continue to go up in price? (fruits, veggies, properly raised fish and meat, real whole grains, nuts, seeds, worthwhile supplements and vitamins, etc.). The nutrition-less processed "foods" that kill us are by necessity kept affordable so we can eat them. Just call it the thinning of the herd and propagation of health care costs. I was coming back from a family get together Sunday night and decided to stop at Wendy's for some "cheap" junior cheese deluxe burgers. I hadn't been at the store in 3-5 years when those burgers were on the value menu for $1.09. This time around $1.89. Holy crap. No value menu at all that I could see. So I exercised my BLS substitutional rights once again by driving on through the "drive-through" and getting right back on the highway....heading to Burger King closer to home where they always have specials and coupons. Ended up getting 2 Jr. whoppers + 2 small fires for $3.99 + tax (half for the Mrs.). This "food" can still be affordable.
<< <i>Ended up getting 2 Jr. whoppers + 2 small fires for $3.99 + tax (half for the Mrs.). This "food" can still be affordable >>
Wonder what that will cost in Seattle where the minimum wage just got kicked up to $15 an hour*.
Yes, that will take a couple of years to implement. Gives the fast food joints plenty of time to automate.
Been a customer for 14 years and was a bit surprised (yet cooperative) when the manager asked me for ID with my Amex card.
New policy he said half apologetically.
Seemed that last week a lady asked to test ride a $2500 bike. She left a credit card with the trusting proprietor. Headed out the door and never returned. The credit card had been stolen.
One can comment on the wisdom of the shop taking that sort of risk, but certainly it will not happen again.
<< <i>Didn't feel so bad paying $22.50 for a bike tube replacement yesterday, though a double in about 7 years.
Been a customer for 14 years and was a bit surprised (yet cooperative) when the manager asked me for ID with my Amex card.
New policy he said half apologetically.
Seemed that last week a lady asked to test ride a $2500 bike. She left a credit card with the trusting proprietor. Headed out the door and never returned. The credit card had been stolen.
One can comment on the wisdom of the shop taking that sort of risk, but certainly it will not happen again. >>
I took a test ride on a bike recently, price tag about $1K, and the result was the opposite. They wanted my ID, didn't ask for a credit card to hold.
Certainly in no inflation in intelligence.
Question, how much is that same bike tube listed for on Ebay or Amazon?
Knowledge is the enemy of fear
<< <i>One can comment on the wisdom of the shop taking that sort of risk, but certainly it will not happen again.
Certainly in no inflation in intelligence.
Question, how much is that same bike tube listed for on Ebay or Amazon? >>
Irrelevant as Jeff Bezos will not install it for me.
That was included in the price.
Also included was the tire's inflation!
"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>new united mileage plus starting 2015, looks like one will lose about 50% or more, as now based on money spent not miles flown... >>
Well done. Some would errantly consider the "free" miles to be a gift and not part of the product.
It is part of what you pay for of course and a reduction in the product value would be inflationary.
I doubt that the federal reserve would see it that way though.
Tough for Janet to ignore the writing on the wall.....but she will.
I hear rumblings about a nod to irrational exuberance in equities by the fed. Strange as it was 100% fed created.
Inside the Consumer Price Index
"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>Great CPI primer:
Inside the Consumer Price Index >>
Good link. I would think that food & beverage consumes over 14.9% of family take home.
<< <i>
<< <i>Great CPI primer:
Inside the Consumer Price Index >>
Good link. I would think that food & beverage consumes over 14.9% of family take home. >>
Who, Mr. and Mrs. Average, and their kids named Median and Stat?
Liberty: Parent of Science & Industry
I've been cooking / grocery buying now while the Mrs does the dishes. I had been complaining to her about the prices for some time now to her, but were always falling on deaf ears.
Fathers Day she ran out to buy some things for her to cook for me. She came back flabbergasted that Safeway bacon cost her $8 lb for mostly fat. Really !!!!!! you hadn't heard a thing I've been telling you all this time, lol Apparently people like to be blind and dumb for as long as they can prolong it.
<< <i>
<< <i>Great CPI primer:
Inside the Consumer Price Index >>
Good link. I would think that food & beverage consumes over 14.9% of family take home. >>
It does now.
"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
LINKY
Long the miners
100% Positive BST transactions
Maybe she means 2% per month!
<< <i>The same lies told over and over again become believable. Fed expects that we will gradually approach the target 2% inflation rate.
Maybe she means 2% per month! >>
Come on MGLICKER, you know it's nowhere near that high.
It's 2% per quarter.
<< <i>
<< <i>The same lies told over and over again become believable. Fed expects that we will gradually approach the target 2% inflation rate.
Maybe she means 2% per month! >>
Come on MGLICKER, you know it's nowhere near that high.
It's 2% per quarter.
You are correct. 8% per annum is about right.
what will higher prices do to demand? what will increased supply do to prices?
Maybe sellers "should" sell their goods for less than the market will bear, that's what coin dealers do, play santa claus, right?
c'mon smart guys with all the answers, let's get together and repair the broken world, what do you say?
Liberty: Parent of Science & Industry
<< <i>if you're just going to make up numbers, why not say 80%? >>
Why don't you go shopping and see?
<< <i>
<< <i>if you're just going to make up numbers, why not say 80%? >>
Why don't you go shopping and see? >>
seeing higher prices for cheese and crackers, but there's no shortage of whine
Liberty: Parent of Science & Industry
<< <i>Well, that's good for somebody then. Producers of those items must be enjoying these nice high prices. Probably some new supply will be induced to come to market by these nice high prices?
what will higher prices do to demand? what will increased supply do to prices?
Maybe sellers "should" sell their goods for less than the market will bear, that's what coin dealers do, play santa claus, right?
c'mon smart guys with all the answers, let's get together and repair the broken world, what do you say? >>
You're right it is good for somebody. It's good for the 1%ers who reel in 90% of the money from corporate profits, The Fed, U.S. Treasury, and the U.S Congress who they own. Very good for them indeed.
Smart guys like me try to help others and vote for the best candidates. We will never be wealthy. It is easier for camel to go through the eye of a needle than for a rich man to make it to heaven right? There's good reason for that simple fact.
Baley, I have no issue whatsoever with mining, manufacturers and retailers of all type commanding whatever the market will bear.
I have great disdain though for an economy corrupted by reckless spending. Especially when the money does not exist and must be created with a click of a mouse.
Further I expect those in office to tell the truth and give us the information straight. Not to grossly understate the inflation rate like a South American Banana Republic.
I am not stupid, I understand the rationale is to degrade entitlement benefits and keep investors confidently buying U.S. long paper. No consumer is fooled by this blather, but it continues under its own inertia.
<< <i>I've been cooking / grocery buying now while the Mrs does the dishes. I had been complaining to her about the prices for some time now to her, but were always falling on deaf ears.
Fathers Day she ran out to buy some things for her to cook for me. She came back flabbergasted that Safeway bacon cost her $8 lb for mostly fat. Really !!!!!! you hadn't heard a thing I've been telling you all this time, lol Apparently people like to be blind and dumb for as long as they can prolong it. >>
Bacon always goes on sale. But the average cost is higher because of a virus that has killed a large majority of piglets.
Im sure this virus is just a conspiracy between big pharma and the Govt to juice prices since the FED has been rather inept to do so.
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>Great CPI primer:
Inside the Consumer Price Index >>
Good link. I would think that food & beverage consumes over 14.9% of family take home. >>
It does now.
The CDC says nearly 35% of Americans are obese, so I guess that figure is probably much higher. And among the lower class is probably near 100%. Interesting that the poorer one is, the more overweight they are. And to tie into the minimum wage thread, I dont see many skinny people working at McDonalds.
Knowledge is the enemy of fear
Was at the store last night. Organic grapes* were $9.00 for a bag of just over 2 pounds. Big Azz bag of tortilla chips was $2.50.
Lot easier for the $10 an hour worker to pick up the chips than the grapes.
Absolutely no excuse for anyone to be obese. We are all responsible for taking care of ourselves and carrots and celery are available for a decent price, they just don't give the consumer the rush that the chips do. Folks though like to make the easy but poor choice. Figure that the ACA can pick up the never ending medical costs.
*Organic is the only smart way to go with grapes as the pesticide use on the commercial crop is intense.
Thanks for keeping it on topic.
one must have enough leisure time in which to work out, and some motivation to improve or at least maintain their health status
Liberty: Parent of Science & Industry
<< <i> Interesting that the poorer one is, the more overweight they are.
one must have enough leisure time in which to work out, and some motivation to improve or at least maintain their health status >>
And the more likely you are to smoke. I am always amazed at the guy in the old pickup truck who comes into the store I frequent and buys a pack of smokes and a sandwich for lunch, and takes his change from a $20 in scratch tickets. Peer pressure is a huge motivating factor.
Butter was almost $3.50 a pound yesterday, up a dollar from last year.
Agree that butter is very difficult to afford at these levels, and only going higher.
Good thing I've been stacking butter since 2002 and have hundreds of ounces of butter that have "rescued" the poor US dollars they used to be.
I credit my subscription to "the buttter informer" which has paid for itself many times over.
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
<< <i>Just a bump to note that we are ending the weekend with a 12 month high on the CRB index.
Yup. Another 5% and we'll be back to 2012 highs. And another 20% higher to get to the 2011 peak. And if we can get oil off its arse maybe the index will rise 50% to match the 2008 peak.
Knowledge is the enemy of fear
<< <i>
<< <i>Just a bump to note that we are ending the weekend with a 12 month high on the CRB index.
Yup. Another 5% and we'll be back to 2012 highs. And another 20% higher to get to the 2011 peak. And if we can get oil off its arse maybe the index will rise 50% to match the 2008 peak. >>
Give it a bit of time. Consumers are getting butt whacked on the service side of inflation, most notably forced healthcare. Now that payments to the docs and their front men the insurers are mandated by law, the consumer has been choked off from tangible goods that make up the CRB.
Alas though, as the Bernanke stock market fountain of wealth (and youth) overflows on the super wealthy, scores of billions of dollars will trickle down into the pool of lowly commodities. Instead of consumer driven increases in these necessities, speculation by the annual Davos attendees will secure the deed as was the case of oil, pre 2008 crash.
Of course the same wizards of Congress that screamed for the easy money, will be trying to clamp down on speculative excess that hurts their constituents. Never works though.
Bailout 2.0 will not be nearly as neat as the 2008 version as US paper will be considered disposable.
Nice weekend all!
"Real" and "Unreal" Wages; Five Decades of Middle Class Decline in Pictures
"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>Here's an interesting read from Mish and Doug Short on how inflation has affected wages over time :
"Real" and "Unreal" Wages; Five Decades of Middle Class Decline in Pictures >>
Sounds potentially very deflationary. If no one can afford the goods and services then prices must come down. Maybe the Fed and ECB aint so stupid in keeping rates low?
Knowledge is the enemy of fear
<< <i>
<< <i>Here's an interesting read from Mish and Doug Short on how inflation has affected wages over time :
"Real" and "Unreal" Wages; Five Decades of Middle Class Decline in Pictures >>
Sounds potentially very deflationary. If no one can afford the goods and services then prices must come down. Maybe the Fed and ECB aint so stupid in keeping rates low? >>
Real wages have deflated over the fast fifty years. What have prices done?
"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>Here's an interesting read from Mish and Doug Short on how inflation has affected wages over time :
"Real" and "Unreal" Wages; Five Decades of Middle Class Decline in Pictures >>
Sounds potentially very deflationary. If no one can afford the goods and services then prices must come down. Maybe the Fed and ECB aint so stupid in keeping rates low? >>
Real wages have deflated over the fast fifty years. What have prices done? >>
Somethings gotta give then, doesn't it. The best cure for high prices is always high prices. Unless we decide to give people the ability to pay...and this wage inflation is the inflation that would concern me.
Knowledge is the enemy of fear
<< <i>Somethings gotta give then, doesn't it. The best cure for high prices is always high prices. Unless we decide to give people the ability to pay...and this wage inflation is the inflation that would concern me. >>
What is occurring and will continue at least form the American middle class perspective, is that they will pay more for what is purchased and with slowly growing wages, just buy less stuff. Many that I know are forgoing cable TV for that reason as an example.
The process is often framed on this board as if it's a bad thing when people think about what to spend their money on and make various purchase decision changes based on evolving value-for-cost analyses.
On the contrary, that's exactly how markets work. Prices too high? buy less of it. Prices a bargain, in your opinion? then load up!
The problems start when people start telling other people what to think and do, and complain about when "they" don't do what someone wants them to do
Liberty: Parent of Science & Industry
<< <i>Once again, that's good, right?
The process is often framed on this board as if it's a bad thing when people think about what to spend their money on and make various purchase decision changes based on evolving value-for-cost analyses.
On the contrary, that's exactly how markets work. Prices too high? buy less of it. Prices a bargain, in your opinion? then load up!
The problems start when people start telling other people what to think and do, and complain about when "they" don't do what someone wants them to do >>
So it is all well that DC spends a Trillion more a year than they take in and print the difference.
In BaleyWorld it would be even better to shuck the tax code and just print the $3.5T of annual expenditures.
The economy would really hum with prices rising 30% a year instead of the current 8%.
One of the many problems with the current tax code is that roughly 50% of people pay no federal and in most cases no state taxes as well.
A flat tax would create an equal "burden" on everyone.
Yeah, I know, some are too poor to pay taxes. So the liberal answer is to have the rich pay too much.
I feel for the poor/less fortunate which is why I contribute generously every year to a variety of charities of my choosing.
While I am no fan of corporations, it is the high corporate tax rates in this country which is causing companies to now flee overseas by doing corporate takeovers to get the foreign address to avoid our tax structure.
What a mess!
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<< <i>Once again, that's good, right?
The process is often framed on this board as if it's a bad thing when people think about what to spend their money on and make various purchase decision changes based on evolving value-for-cost analyses.
On the contrary, that's exactly how markets work. Prices too high? buy less of it. Prices a bargain, in your opinion? then load up!
The problems start when people start telling other people what to think and do, and complain about when "they" don't do what someone wants them to do >>
So it is all well that DC spends a Trillion more a year than they take in and print the difference.
In BaleyWorld it would be even better to shuck the tax code and just print the $3.5T of annual expenditures.
The economy would really hum with prices rising 30% a year instead of the current 8%. >>
extrapolatum ad absurdum, and putting words/concepts on people that they didn't say, that's your counterpoint?
no reply possible except to give an equally ridiculous example and credit you, maybe of anarchy, or kill all the basterds and replace them with different basterds (mckickers maybe)
weak dude, really weak reasoning. I'm disappointed, but not surprised. Feel free to try again, or not. Even better, travel to some different countries, and then count your blessings.
PS: and it's 2% or so, currently, on a macro basis. Your 8% figure is gamed by you and your selection of what to measure. Again, not good logic. Sorry.
Liberty: Parent of Science & Industry
Why the government's CPI number is crap.
Yes, he consults for major corporations, and yes - he sells his own newsletter.
I trust this guy more than I trust the jerks who have to keep changing the metrics in order to make their bosses look better.
You can choose to trust whoever you want.
I knew it would happen.