<< <i>And yes, the prices for boxes of "organic" corn flakes and cakes of designer tofu are still going up.. but that's not monetary Inflation, that's "pricing power"
... whatever the market will bear, gentlemen, whatever the market will bear. The best cure for high prices is... well, you know! >>
I suppose that a Hershey chocolate bar is a luxury organic product.
8% hike announced this week. Second hike for the year. Pricing power is true with an extra $5,000,000,000,000 floating around the world.
Did you read your own link? A growing demand for chocolate in emerging markets combined with recent bad weather in major cocoa producing countries have also led to supply issues.
A. Increase in demand B. Decrease in supply
No mention of excess money creation in the article, no blame for the price increase attributed to general monetary inflation, but rather to other assignable causes.
<< <i>The article said that because England had an early exit from the World Cup Soccer games folks cut their spending! >>
....and of course had England made the finals, they would have been glued to the TV and not in the stores, also a reason for declining sales. >>
There was an article on Bloomberg the day after Brazil got destroyed by Germany. Analysts talked to were expecting an economic downturn in Brazil due to not only the loss, but the magnitude of the loss on the Brazilian consumers psyche.
<< <i>No mention of excess money creation in the article, no blame for the price increase attributed to general monetary inflation, but rather to other assignable causes. >>
OK, my bad, Baley. I suppose that is also the rationale for my cable bill jumping from $43 to $62 bucks last month. Auto repairs up 7% and medical up 7% yty.
Of course the 9% rise in general grocery prices yty in Arizona had absolutely nothing to do with the quintupling of the money supply. Like a magic bullet cancer cure, all that money went exactly where the federal reserve wanted it to go, to prop up home and stock prices, and none of it leaked into the general economy. Hoo boy.
Tell all that to my elderly, retired neighbor that lives off SSI. I am sure that the 1.5% benefit hike will more than offset his cost of living increases.
"Tell all that to my elderly, retired neighbor that lives off SSI. I am sure that the 1.5% benefit hike will more than offset his cost of living increases."
I thought SSI was designed to be a SUPPLIMENTAL(the first S in SSI) form of assistance. Who said the federal government was supposed to provide all the support needed? Remember, life is unfair. Always has been and always will be. Not saying anything is right or wrong. Just saying what it is.
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<< <i>When my homeowner's insurance rates bumped up by 20%, I didn't get mad. I got even.
My former agent was aghast when I informed her that I had a better deal and now my house payments are just about where they were before she tried to rip me a big one. >>
Yes, yes, yes. If people stop refusing to pay high prices then prices will go down.
If beef is too expensive, then stop buying it. The meat will either go rotten, or the price will fall. We see union workers go on strike all the time. Well, how about if consumers go on strike. Maybe everyone should forego meat products for 2 weeks.
Oh, no no. The drop in metals was due to a coordinated, (ie conspired and manipulated) effort to hurt the little guy and to give China a "deal". The drop was orchestrated by JPM to reap obscene profits and when some employees found out about the scheme, JPM had them killed, whereby JPM also profited by collecting life insurance benefits.
<< <i>.... If people stop refusing to pay high prices then prices will go down. If beef is too expensive, then stop buying it. The meat will either go rotten, or the price will fall. We see union workers go on strike all the time. Well, how about if consumers go on strike. Maybe everyone should forego meat products for 2 weeks. >>
Hasn't worked for me.
I stopped eating beef for the most part 3 years ago and the prices just kept going up. Now that I'm cutting back on salmon, those prices keep going up. I keep removing the items that keep going up out of my grocery cart and they still keep going up. I stopped buying the best rare coins and they just kept going up. I can't think of one single food item that I have cut back on or stopped buying in the last several years that has come down in price. Funny thing, the things I keep buying (that I shouldn't) like pizza, ice cream, candy, cakes, fast foods, etc. are always available "on sale" somewhere. Then again, that stuff isn't food.
Everyone should just refuse to eat.....that will show the producers! Remember the last time when "everyone" was going to boycott gas at the pumps? That didn't work out so well either. I guess I should refuse medical care as well to help bring the prices down.
<< <i>"Tell all that to my elderly, retired neighbor that lives off SSI. I am sure that the 1.5% benefit hike will more than offset his cost of living increases."
I thought SSI was designed to be a SUPPLIMENTAL(the first S in SSI) form of assistance. Who said the federal government was supposed to provide all the support needed? Remember, life is unfair. Always has been and always will be. Not saying anything is right or wrong. Just saying what it is. >>
SSI program sucks. It was the US's first foray into Socialism. I would like to see it eliminated, even as I approach benefit age.
Probem is, most of the current beneficiaries under 80 have paid in their fair share or higher. Criminal to inflate the hell out of the currency to enrich Wall Street and then lie to the elderly about inflation, while de facto cutting their benefits by under paying cola by 5% plus each year.
Washington would do better to explain to America that the nation is tapped and benefits will be reduced, rather the blather about inflation running at under 2%
I'll gladly take a check for my SS contributions to-date and have it dumped into my 401k, so long as it means I can opt out of any further payroll deductions.
And what are the chances of that ever happening. Zilcho
<< <i>.... If people stop refusing to pay high prices then prices will go down. If beef is too expensive, then stop buying it. The meat will either go rotten, or the price will fall. We see union workers go on strike all the time. Well, how about if consumers go on strike. Maybe everyone should forego meat products for 2 weeks. >>
Hasn't worked for me.
I stopped eating beef for the most part 3 years ago and the prices just kept going up. Now that I'm cutting back on salmon, those prices keep going up. I keep removing the items that keep going up out of my grocery cart and they still keep going up. I stopped buying the best rare coins and they just kept going up. I can't think of one single food item that I have cut back on or stopped buying in the last several years that has come down in price. Funny thing, the things I keep buying (that I shouldn't) like pizza, ice cream, candy, cakes, fast foods, etc. are always available "on sale" somewhere. Then again, that stuff isn't food.
Everyone should just refuse to eat.....that will show the producers! Remember the last time when "everyone" was going to boycott gas at the pumps? That didn't work out so well either. I guess I should refuse medical care as well to help bring the prices down. >>
You should not refuse medical care, but you and all of us should refuse to pay higher premiums. Otherwise we will have stated we are fine with the increases.
<< <i>You should not refuse medical care, but you and all of us should refuse to pay higher premiums. Otherwise we will have stated we are fine with the increases. >>
So how does one refuse to pay higher premiums for medical insurance? Americans spend 20% of the economy on medical care, including the insurer and attorney cut. We would no doubt comply at 40% of the economy as being hooked up to tubes and monitors is clearly of more value than housing, autos, groceries and clothing. Well at least to most folks.
<< <i>.... If people stop refusing to pay high prices then prices will go down. If beef is too expensive, then stop buying it. The meat will either go rotten, or the price will fall. We see union workers go on strike all the time. Well, how about if consumers go on strike. Maybe everyone should forego meat products for 2 weeks. >>
Hasn't worked for me.
I stopped eating beef for the most part 3 years ago and the prices just kept going up. Now that I'm cutting back on salmon, those prices keep going up. I keep removing the items that keep going up out of my grocery cart and they still keep going up. I stopped buying the best rare coins and they just kept going up. I can't think of one single food item that I have cut back on or stopped buying in the last several years that has come down in price. Funny thing, the things I keep buying (that I shouldn't) like pizza, ice cream, candy, cakes, fast foods, etc. are always available "on sale" somewhere. Then again, that stuff isn't food.
Everyone should just refuse to eat.....that will show the producers! Remember the last time when "everyone" was going to boycott gas at the pumps? That didn't work out so well either. I guess I should refuse medical care as well to help bring the prices down. >>
You should not refuse medical care, but you and all of us should refuse to pay higher premiums. Otherwise we will have stated we are fine with the increases. >>
I wouldn't refuse NEEDED medical care but that said.... much of the "medical care" be administered today is way beyond "NEEDED" ..... Reminds me of my days owning Tire Dealerships/Auto Repair shops and the diagnosis and "recommendations of NEEDED repairs" as pushed by tire and parts manufacturers [ see DRUG/PHARMACEUTICAL COMPANIES]... I don't see the "PREMIUM COMPANY/INSURANCE COMPANY" as the only culprit here by far....... MUCH of the CARE/ADVISE given today is tainted... certainly in Heath Care.
Just had to laugh..... some of the biggest complainers about the "high cost of repairs" were the MD's
CPI tweaking by politicians (for more acceptable results) has reduced the commodities portion of the index from 64% in 1970 to 58% in 1980 and 40% in 2012. However, commodities purchased by the American consumer continue to remain a good indicator of true inflation (which is why they are now a smaller part of the official Consumer Price Index).
This is what consumer commodity prices are telling us and more importantly their spread from real wages:
" The meltdown in the yellow metal in 2013 left many Gold bugs licking their wounds. However, in hindsight, - the collapse in the Continuous Commodity Index (CCI), in the first half of 2013, was probably the biggest contributing factor behind Gold's slide to the $1,200 level . And it's the narrative about low inflation and /or deflation, and weak Gold prices that enables the endless printing of money by central banks. Bubbles in the European and US bond and stock markets can be sustained in the stratosphere, as long as inflation is said to be running near-zero. In fact, the Bank of Japan, the ECB and the Fed all say they must print money to counter the threat of deflation. As for the price of Gold, the average break-even point for Gold miners worldwide is estimated to be around $1,200 /oz, and it's this figure, that was the "rock bottom" price for the yellow metal in 2013."
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>In the recent past I've been alternately served bottles of Heineken or Corona for $18-$25 each (Rome, Paris, NYC etc.) and 6 for $10 (Cabo, Mazatlan)
is that inflation or deflation? >>
The answer my friend is in the standard of living of those serving and charging you those prices....its not what you see its what happens after your gone...... ahhhhh grasshopper you will learn!
<< <i>The brand of coffee that I purchase in the supermarket can size has shrunk to 1" less in height... but the cost remained the same. >>
It's whats inside that counts. Product weight/volume change? Decreased package size could just be a way of decreasing costs of production or distribution.
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Caught speeding today; I'm sure the fine per mile over the limit will be inflated from what I paid last time (> 10 years ago) Any guesses? The bill will show up in a week or two..
<< <i>Caught speeding today; I'm sure the fine per mile over the limit will be inflated from what I paid last time (> 10 years ago) Any guesses? The bill will show up in a week or two.. >>
<< <i>Caught speeding today; I'm sure the fine per mile over the limit will be inflated from what I paid last time (> 10 years ago) Any guesses? The bill will show up in a week or two.. >>
Not inflation Baley... what inflation?... no, no Inflation here... that's Just you paying more for a higher demand product!
MY educated Guess... if 10-15 miles over about $12-$15 per MPH over... If in a school zone or work zone..... double that.... if the fine officer spilled his coffee and dropped his donut.... PRICELESS!
My property taxes in Central NJ went DOWN, again. About 1%. Everyone in town was reassessed; evaluators walked through every house. My assessment went down 4%, but costs went up 3%, so net down of 1%. I am now paying what I was paying in taxes in 2007. My assessment will stay the same for at least 5 years now but the tax rate can change every year.
My ARM was just reset to 2 7/8% a few months back as well. I am paying less than $200/month in interest. I've had higher monthly car loans
<< <i>....You should not refuse medical care, but you and all of us should refuse to pay higher premiums. Otherwise we will have stated we are fine with the increases. >>
If I refuse to pay those 10-15% annual increases in medical care then I will be dropped......no insurance. If one could pool dozens of their neighbors or communities together they might be able to get a group deal. That sounds so easy it must be illegal....lol. I wonder if Baleyville offers an affordable group plan? Another alternative is not to work and let the state carry you. The way insurance premiums are going it might be a toss up to forego a meager $15K to $25K per year in low income to get free medical care from the state. At least they are herding us in that very direction. I would refuse all medical care except the most urgently needed. But at the same time I cannot afford an illness or accident that could run my bill into the $100K to $1 MILL+ category. Maybe I HAVE to move to Georgia or North Dakota....or Mexico?
The last time I was caught "speeding" (2005) it wasn't in Baleyville (rather Route 9 Middletown, CT). My ticket was something on the order of $150 and technically I was 17 mph over the posted limit. I contested the ticket and ended up paying $35. That area does have a lower posted speed limit (45 mph) than the highway it is part of (65 mph). Yet, I've never seen a single Connecticut driver doing the speed limit over the 20 years that I commuted to work on that highway. Just to make a point I drove 60 mph on that stretch for a few days going to and from work. I never passed a single vehicle but was typically passed by cars doing 65-80 mph. In fact, at 60 mph I was a potential hazard to other drivers on the road in this busy stretch. In any case, I always make sure I'm no longer at the front of traffic when driving through that area. I refuse to drive 45 mph though and risk my life further.
What's a porterhouse? The only thing I toss on the grille is Ken-L-Ration.....substitution effects at its very best.
Ya get what ya pay for. Premium stuff weathers better, expands and contracts with temperature extremes and applies like olive oil as opposed to cheaper, watery batter. Exterior application. Reduces workload over the long run. IMHO.
Ten years ago, Pittsburgh Paint "Timeless" was 60 bucks a gallon. Five years ago it was $65 / gl.
Past Thursday, bought another gallon to do the north side of the garage. its $42 a gallon.
"Valspar" brand entry into the market is putting pricing pressure on PP, hence the reduction according to the sales associate.
My paint of choice is 33% cheaper than it was 10 years ago.
Looks like heath care costs are about to increase for those who purchased policies on the federal website, as an appeals court found the subsidies to be unlawful.
What’s striking is how pervasive the price declines are. It’s not just a few items that are pulling down the average; prices are falling for almost every sort of durable good that consumers buy.
Here are the latest numbers from the BLS:
• Prices of major appliances are down 7.9% in the past year, the largest decline on record. Laundry-equipment prices are down 8.6%.
• Furniture and bedding prices are down 2.5% in the past year.
• Window coverings, rugs and other linens are down 2.1%.
• Clocks and lamps are down 6.9%.
• TVs are down 15%. Audio-equipment prices are down 2.4%.
• Telephone-equipment prices are down 7.7%.
• Camera prices are down 6.7%.
• Dishes and flatware are down 6.3%. Cookware prices are down 4.7%.
• Computers are down 6.3%.
• Tools and other hardware prices are down 1.5%.
• Toys are down 6.5%. Sporting goods are down 1.3%.
• Jewelry prices are down 4.5%.
• Medical equipment prices are down 1.1%.
• New car prices are down 0.4%. Auto parts are down 1.2%.
Just about the only thing that’s seen prices rise in the past year is new trucks, which are up 0.6%.
Falling prices on durables are a result of falling debt levels by consumers. Note that consumables (food, energy, etc.) are not usually financed and continue to see price increases. Appears consumers are learning the "too much debt" lesson, if only spenders of tax dollars would do the same. When and if ZIRP becomes available to the consumer look for durable good spending to jump and prices along with it.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>Even gas is down again. 8%? I highly doubt it. Deflation is a bigger threat. >>
To whom? A middle class family that is feeding three or four kids and have not gotten a raise in 6 years is getting hosed.
Yeah, I know, they should have earned a better degree twenty years ago and they should have invested their life savings in Netflix 5 years ago and they should have........
Fact is, the fed is trying to correct decades of corrupt and wasteful spending on the backs of those that actually get up early and work hard to support those that they care about.
.....and then to repeatedly deny that inflation is in evidence is despicable
<< <i>Even gas is down again. 8%? I highly doubt it. Deflation is a bigger threat. >>
To whom? A middle class family that is feeding three or four kids and have not gotten a raise in 6 years is getting hosed.
Yeah, I know, they should have earned a better degree twenty years ago and they should have invested their life savings in Netflix 5 years ago and they should have........
Fact is, the fed is trying to correct decades of corrupt and wasteful spending on the backs of those that actually get up early and work hard to support those that they care about.
.....and then to repeatedly deny that inflation is in evidence is despicable
"Let them eat cake" is back in vogue, I suppose. >>
I suppose you think Middle Class is a High School educated manual laborer who makes $40K/yr. Everyone I know has gotten raises. Even my dead-beat brother in-law who lost his job last month found a new job in a few weeks for more money. If you are not doing well, don't extrapolate that to everyone else. Most folks have never done better but are just afraid to say so.
PS - someone with 3-4 kids should have thought about having so many kids with no way to support them. 3-4 kids typically is folks on Welfare and in the lower classes.
<< <i>PS - someone with 3-4 kids should have thought about having so many kids with no way to support them. 3-4 kids typically is folks on Welfare and in the lower classes. >>
You may want to rethink that statement. I know many people with 3 to 4 kids and not one....not one, has ever received a dime of public support to raise those kids. Both parents in most cases have worked their butts off to try to make their kids lives better than their lives were....at least economically.
With no dependents going to the grocery store and seeing a 9% annual hike is nuisance. Feeding a family off a stagnant income is a nightmare. Sure they can downgrade from Chicken to Ramen Noodles, but why, so the market can pop up another 1000 points.
....and in the interest of clarity, I have no kids to support and am economically secure.
The ironic thing is we are debating whether people can afford the basic things in life on of all places a precious metals forum hosted by a rare coin and collectibles company. 99% of people would never buy a rare coin or precious metal yet the people here who do are crying the blues. Something doesn't add up.
They don't call this the Hobby of Kings because it's cheap.
<< <i>PS - someone with 3-4 kids should have thought about having so many kids with no way to support them. 3-4 kids typically is folks on Welfare and in the lower classes. >>
You may want to rethink that statement. I know many people with 3 to 4 kids and not one....not one, has ever received a dime of public support to raise those kids. Both parents in most cases have worked their butts off to try to make their kids lives better than their lives were....at least economically.
With no dependents going to the grocery store and seeing a 9% annual hike is nuisance. Feeding a family off a stagnant income is a nightmare. Sure they can downgrade from Chicken to Ramen Noodles, but why, so the market can pop up another 1000 points.
....and in the interest of clarity, I have no kids to support and am economically secure. >>
Really? Your friends with 3-4 kids home school their kids or send them to private school? They didn't get any financial aid for college? Who do you think pays for those things?
Technology/Electronics are deflationary by design. Every year technology improves, prices fall on the old stuff as no one wants them, only to go out and buy the newest item (that will be near worthless next year). Rinse and repeat.
I dont know where many of you live but I can tell you that So Cal is not experiencing any declining prices in food, water, gas. Hell my monthly sewer water trash bill (all one where I live) is $230/month roughly. Roughly 2.5 years ago, it was $140. My grocery bill is up roughly 15% this year (on average). Again, no clue where some of you live (small vs major city) but where I live, sh*t is getting more expensive by the day. People all around me are cutting back more and more. Everyone I talked to is figuring out how they can save without a major interruption in their normal lives. Real estate all around me exploded in the past 18-24 months. I think the market has peaked a bit the past few months as days of inventory has increased and length of time on the market has increased as well. Just my .02. Carry on with the deflation talk.
<< <i>Really? Your friends with 3-4 kids home school their kids or send them to private school? They didn't get any financial aid for college? Who do you think pays for those things? >>
Do you consider public education Welfare?
That is fine if you do, but then almost all families are welfare recipients, not just those with 3 or 4 kids.
<< <i>They don't call this the Hobby of Kings because it's cheap. >>
It is a great hobby. Some participants are wealthy, most are middle class. Either way it is no excuse to ignore the recklessness and deceit of those that determine monetary policy, which heavily affects the prices of gold and silver.
Comments
<< <i>
<< <i>And yes, the prices for boxes of "organic" corn flakes and cakes of designer tofu are still going up.. but that's not monetary Inflation, that's "pricing power"
... whatever the market will bear, gentlemen, whatever the market will bear. The best cure for high prices is... well, you know! >>
I suppose that a Hershey chocolate bar is a luxury organic product.
8% hike announced this week. Second hike for the year. Pricing power is true with an extra $5,000,000,000,000 floating around the world.
Text >>
Did you read your own link? A growing demand for chocolate in emerging markets combined with recent bad weather in major cocoa producing countries have also led to supply issues.
A. Increase in demand
B. Decrease in supply
No mention of excess money creation in the article, no blame for the price increase attributed to general monetary inflation, but rather to other assignable causes.
Liberty: Parent of Science & Industry
<< <i>
<< <i>The article said that because England had an early exit from the World Cup Soccer games folks cut their spending! >>
....and of course had England made the finals, they would have been glued to the TV and not in the stores, also a reason for declining sales. >>
There was an article on Bloomberg the day after Brazil got destroyed by Germany. Analysts talked to were expecting an economic downturn in Brazil due to not only the loss, but the magnitude of the loss on the Brazilian consumers psyche.
<< <i>No mention of excess money creation in the article, no blame for the price increase attributed to general monetary inflation, but rather to other assignable causes. >>
OK, my bad, Baley. I suppose that is also the rationale for my cable bill jumping from $43 to $62 bucks last month. Auto repairs up 7% and medical up 7% yty.
Of course the 9% rise in general grocery prices yty in Arizona had absolutely nothing to do with the quintupling of the money supply. Like a magic bullet cancer cure, all that money went exactly where the federal reserve wanted it to go, to prop up home and stock prices, and none of it leaked into the general economy. Hoo boy.
Tell all that to my elderly, retired neighbor that lives off SSI. I am sure that the 1.5% benefit hike will more than offset his cost of living increases.
I thought SSI was designed to be a SUPPLIMENTAL(the first S in SSI) form of assistance.
Who said the federal government was supposed to provide all the support needed?
Remember, life is unfair. Always has been and always will be.
Not saying anything is right or wrong.
Just saying what it is.
<< <i>When my homeowner's insurance rates bumped up by 20%, I didn't get mad. I got even.
My former agent was aghast when I informed her that I had a better deal and now my house payments are just about where they were before she tried to rip me a big one. >>
Yes, yes, yes. If people stop refusing to pay high prices then prices will go down.
If beef is too expensive, then stop buying it. The meat will either go rotten, or the price will fall. We see union workers go on strike all the time. Well, how about if consumers go on strike. Maybe everyone should forego meat products for 2 weeks.
Knowledge is the enemy of fear
Agree, except it's: if people Stop paying, or Start refusing to pay high prices, then prices will go down
Like they did with precious metals
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
<< <i>.... If people stop refusing to pay high prices then prices will go down. If beef is too expensive, then stop buying it. The meat will either go rotten, or the price will fall. We see union workers go on strike all the time. Well, how about if consumers go on strike. Maybe everyone should forego meat products for 2 weeks. >>
Hasn't worked for me.
I stopped eating beef for the most part 3 years ago and the prices just kept going up. Now that I'm cutting back on salmon, those prices keep going up. I keep removing the items that keep going up out of my grocery cart
and they still keep going up. I stopped buying the best rare coins and they just kept going up. I can't think of one single food item that I have cut back on or stopped buying in the last several years that has come down in
price. Funny thing, the things I keep buying (that I shouldn't) like pizza, ice cream, candy, cakes, fast foods, etc. are always available "on sale" somewhere. Then again, that stuff isn't food.
Everyone should just refuse to eat.....that will show the producers! Remember the last time when "everyone" was going to boycott gas at the pumps? That didn't work out so well either. I guess I should refuse medical care
as well to help bring the prices down.
<< <i>"Tell all that to my elderly, retired neighbor that lives off SSI. I am sure that the 1.5% benefit hike will more than offset his cost of living increases."
I thought SSI was designed to be a SUPPLIMENTAL(the first S in SSI) form of assistance.
Who said the federal government was supposed to provide all the support needed?
Remember, life is unfair. Always has been and always will be.
Not saying anything is right or wrong.
Just saying what it is. >>
SSI program sucks. It was the US's first foray into Socialism. I would like to see it eliminated, even as I approach benefit age.
Probem is, most of the current beneficiaries under 80 have paid in their fair share or higher. Criminal to inflate the hell out of the currency to enrich Wall Street and then lie to the elderly about inflation, while de facto cutting their benefits by under paying cola by 5% plus each year.
Washington would do better to explain to America that the nation is tapped and benefits will be reduced, rather the blather about inflation running at under 2%
Never has DC been less transparent.
And what are the chances of that ever happening. Zilcho
<< <i>
<< <i>.... If people stop refusing to pay high prices then prices will go down. If beef is too expensive, then stop buying it. The meat will either go rotten, or the price will fall. We see union workers go on strike all the time. Well, how about if consumers go on strike. Maybe everyone should forego meat products for 2 weeks. >>
Hasn't worked for me.
I stopped eating beef for the most part 3 years ago and the prices just kept going up. Now that I'm cutting back on salmon, those prices keep going up. I keep removing the items that keep going up out of my grocery cart
and they still keep going up. I stopped buying the best rare coins and they just kept going up. I can't think of one single food item that I have cut back on or stopped buying in the last several years that has come down in
price. Funny thing, the things I keep buying (that I shouldn't) like pizza, ice cream, candy, cakes, fast foods, etc. are always available "on sale" somewhere. Then again, that stuff isn't food.
Everyone should just refuse to eat.....that will show the producers! Remember the last time when "everyone" was going to boycott gas at the pumps? That didn't work out so well either. I guess I should refuse medical care
as well to help bring the prices down. >>
You should not refuse medical care, but you and all of us should refuse to pay higher premiums. Otherwise we will have stated we are fine with the increases.
Knowledge is the enemy of fear
<< <i>You should not refuse medical care, but you and all of us should refuse to pay higher premiums. Otherwise we will have stated we are fine with the increases. >>
So how does one refuse to pay higher premiums for medical insurance? Americans spend 20% of the economy on medical care, including the insurer and attorney cut. We would no doubt comply at 40% of the economy as being hooked up to tubes and monitors is clearly of more value than housing, autos, groceries and clothing. Well at least to most folks.
<< <i>
<< <i>
<< <i>.... If people stop refusing to pay high prices then prices will go down. If beef is too expensive, then stop buying it. The meat will either go rotten, or the price will fall. We see union workers go on strike all the time. Well, how about if consumers go on strike. Maybe everyone should forego meat products for 2 weeks. >>
Hasn't worked for me.
I stopped eating beef for the most part 3 years ago and the prices just kept going up. Now that I'm cutting back on salmon, those prices keep going up. I keep removing the items that keep going up out of my grocery cart
and they still keep going up. I stopped buying the best rare coins and they just kept going up. I can't think of one single food item that I have cut back on or stopped buying in the last several years that has come down in
price. Funny thing, the things I keep buying (that I shouldn't) like pizza, ice cream, candy, cakes, fast foods, etc. are always available "on sale" somewhere. Then again, that stuff isn't food.
Everyone should just refuse to eat.....that will show the producers! Remember the last time when "everyone" was going to boycott gas at the pumps? That didn't work out so well either. I guess I should refuse medical care
as well to help bring the prices down. >>
You should not refuse medical care, but you and all of us should refuse to pay higher premiums. Otherwise we will have stated we are fine with the increases. >>
I wouldn't refuse NEEDED medical care but that said.... much of the "medical care" be administered today is way beyond "NEEDED" ..... Reminds me of my days owning Tire Dealerships/Auto Repair shops and the diagnosis and "recommendations of NEEDED repairs" as pushed by tire and parts manufacturers [ see DRUG/PHARMACEUTICAL COMPANIES]... I don't see the "PREMIUM COMPANY/INSURANCE COMPANY" as the only culprit here by far....... MUCH of the CARE/ADVISE given today is tainted... certainly in Heath Care.
Just had to laugh..... some of the biggest complainers about the "high cost of repairs" were the MD's
This is what consumer commodity prices are telling us and more importantly their spread from real wages:
Which Way Is Inflation Blowing? Watch Commodities
" The meltdown in the yellow metal in 2013 left many Gold bugs licking their wounds. However, in hindsight, - the collapse in the Continuous Commodity Index (CCI), in the first half of 2013, was probably the biggest contributing factor behind Gold's slide to the $1,200 level . And it's the narrative about low inflation and /or deflation, and weak Gold prices that enables the endless printing of money by central banks. Bubbles in the European and US bond and stock markets can be sustained in the stratosphere, as long as inflation is said to be running near-zero. In fact, the Bank of Japan, the ECB and the Fed all say they must print money to counter the threat of deflation. As for the price of Gold, the average break-even point for Gold miners worldwide is estimated to be around $1,200 /oz, and it's this figure, that was the "rock bottom" price for the yellow metal in 2013."
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
is that inflation or deflation?
Liberty: Parent of Science & Industry
<< <i>In the recent past I've been alternately served bottles of Heineken or Corona for $18-$25 each (Rome, Paris, NYC etc.) and 6 for $10 (Cabo, Mazatlan)
is that inflation or deflation?
The answer my friend is in the standard of living of those serving and charging you those prices....its not what you see its what happens after your gone...... ahhhhh grasshopper you will learn!
<< <i>The brand of coffee that I purchase in the supermarket can size has shrunk to 1" less in height... but the cost remained the same. >>
It's whats inside that counts.
Product weight/volume change?
Decreased package size could just be a way of decreasing costs of production or distribution.
Box of 20
Decided to make pasta for dinner tonight. Grabbed a box of my favorite Pomi tomato sauce (not organic but imported from Italy and widely distributed.)
26 ounce container jumped from $3.79 to $5.00 in a single pop. Seems that it under $3.00 perhaps two years ago.
I left it on the shelf.
Any guesses? The bill will show up in a week or two..
Liberty: Parent of Science & Industry
<< <i>Caught speeding today; I'm sure the fine per mile over the limit will be inflated from what I paid last time (> 10 years ago)
Any guesses? The bill will show up in a week or two.. >>
one of the worse taxes of all...
<< <i>Caught speeding today; I'm sure the fine per mile over the limit will be inflated from what I paid last time (> 10 years ago)
Any guesses? The bill will show up in a week or two.. >>
Not inflation Baley... what inflation?... no, no Inflation here... that's Just you paying more for a higher demand product!
MY educated Guess... if 10-15 miles over about $12-$15 per MPH over... If in a school zone or work zone..... double that.... if the fine officer spilled his coffee and dropped his donut.... PRICELESS!
I fired up the grill tonight and threw on a $7.99/lb porterhouse.
Knowledge is the enemy of fear
My ARM was just reset to 2 7/8% a few months back as well. I am paying less than $200/month in interest. I've had higher monthly car loans
<< <i>Ponch or Jon?
I fired up the grill tonight and threw on a $7.99/lb porterhouse. >>
Bet the propane was more expensive.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>....You should not refuse medical care, but you and all of us should refuse to pay higher premiums. Otherwise we will have stated we are fine with the increases. >>
If I refuse to pay those 10-15% annual increases in medical care then I will be dropped......no insurance. If one could pool dozens of their neighbors or communities together they might be able to get a group deal. That
sounds so easy it must be illegal....lol. I wonder if Baleyville offers an affordable group plan? Another alternative is not to work and let the state carry you. The way insurance premiums are going it might be a toss up to
forego a meager $15K to $25K per year in low income to get free medical care from the state. At least they are herding us in that very direction. I would refuse all medical care except the most urgently needed. But at the
same time I cannot afford an illness or accident that could run my bill into the $100K to $1 MILL+ category. Maybe I HAVE to move to Georgia or North Dakota....or Mexico?
The last time I was caught "speeding" (2005) it wasn't in Baleyville (rather Route 9 Middletown, CT). My ticket was something on the order of $150 and technically I was 17 mph over the posted limit. I contested the ticket and
ended up paying $35. That area does have a lower posted speed limit (45 mph) than the highway it is part of (65 mph). Yet, I've never seen a single Connecticut driver doing the speed limit over the 20 years that I commuted to
work on that highway. Just to make a point I drove 60 mph on that stretch for a few days going to and from work. I never passed a single vehicle but was typically passed by cars doing 65-80 mph. In fact, at 60 mph I was a
potential hazard to other drivers on the road in this busy stretch. In any case, I always make sure I'm no longer at the front of traffic when driving through that area. I refuse to drive 45 mph though and risk my life further.
What's a porterhouse? The only thing I toss on the grille is Ken-L-Ration.....substitution effects at its very best.
<< <i>
<< <i>Ponch or Jon?
I fired up the grill tonight and threw on a $7.99/lb porterhouse. >>
Bet the propane was more expensive.
$15-17 depending where I go. Thats within a buck or 2 of what i've paid for the last 8 years.
If I refuse to pay those 10-15% annual increases in medical care then I will be dropped......no insurance.
Thats why everyone needs to do it. But it wont happen, because as others say, we are weak.
Knowledge is the enemy of fear
Man, I've been looking all over for that! It beats the heck out of pinkslime burgers.
I knew it would happen.
Ya get what ya pay for. Premium stuff weathers better, expands and contracts with temperature extremes and applies like olive oil as opposed to cheaper, watery batter. Exterior application. Reduces workload over the long run. IMHO.
Ten years ago, Pittsburgh Paint "Timeless" was 60 bucks a gallon. Five years ago it was $65 / gl.
Past Thursday, bought another gallon to do the north side of the garage. its $42 a gallon.
"Valspar" brand entry into the market is putting pricing pressure on PP, hence the reduction according to the sales associate.
My paint of choice is 33% cheaper than it was 10 years ago.
R.I.P. ACA!
remove the space
Those numbers, managed as they are, will pose a dilemma for the fed who has an inflation rate target of 2-2.5%.
Tough to encourage investors of 10 year notes at just under 2.5%, when declared inflation is over four and real is closer to 8%.
Stuff I buy is getting cheaper. Even gas is down again. 8%? I highly doubt it. Deflation is a bigger threat.
What’s striking is how pervasive the price declines are. It’s not just a few items that are pulling down the average; prices are falling for almost every sort of durable good that consumers buy.
Here are the latest numbers from the BLS:
• Prices of major appliances are down 7.9% in the past year, the largest decline on record. Laundry-equipment prices are down 8.6%.
• Furniture and bedding prices are down 2.5% in the past year.
• Window coverings, rugs and other linens are down 2.1%.
• Clocks and lamps are down 6.9%.
• TVs are down 15%. Audio-equipment prices are down 2.4%.
• Telephone-equipment prices are down 7.7%.
• Camera prices are down 6.7%.
• Dishes and flatware are down 6.3%. Cookware prices are down 4.7%.
• Computers are down 6.3%.
• Tools and other hardware prices are down 1.5%.
• Toys are down 6.5%. Sporting goods are down 1.3%.
• Jewelry prices are down 4.5%.
• Medical equipment prices are down 1.1%.
• New car prices are down 0.4%. Auto parts are down 1.2%.
Just about the only thing that’s seen prices rise in the past year is new trucks, which are up 0.6%.
Knowledge is the enemy of fear
http://blogs.market watch.com/capitolreport/2014/07/22/white-bread-prices-are-skidding/
Knowledge is the enemy of fear
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>Even gas is down again. 8%? I highly doubt it. Deflation is a bigger threat. >>
To whom? A middle class family that is feeding three or four kids and have not gotten a raise in 6 years is getting hosed.
Yeah, I know, they should have earned a better degree twenty years ago and they should have invested their life savings in Netflix 5 years ago and they should have........
Fact is, the fed is trying to correct decades of corrupt and wasteful spending on the backs of those that actually get up early and work hard to support those that they care about.
.....and then to repeatedly deny that inflation is in evidence is despicable
"Let them eat cake" is back in vogue, I suppose.
<< <i>Deflation is a bigger threat. >>
To whom? Obviously not to consumers.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>
<< <i>Even gas is down again. 8%? I highly doubt it. Deflation is a bigger threat. >>
To whom? A middle class family that is feeding three or four kids and have not gotten a raise in 6 years is getting hosed.
Yeah, I know, they should have earned a better degree twenty years ago and they should have invested their life savings in Netflix 5 years ago and they should have........
Fact is, the fed is trying to correct decades of corrupt and wasteful spending on the backs of those that actually get up early and work hard to support those that they care about.
.....and then to repeatedly deny that inflation is in evidence is despicable
"Let them eat cake" is back in vogue, I suppose. >>
I suppose you think Middle Class is a High School educated manual laborer who makes $40K/yr. Everyone I know has gotten raises. Even my dead-beat brother in-law who lost his job last month found a new job in a few weeks for more money. If you are not doing well, don't extrapolate that to everyone else. Most folks have never done better but are just afraid to say so.
PS - someone with 3-4 kids should have thought about having so many kids with no way to support them. 3-4 kids typically is folks on Welfare and in the lower classes.
<< <i>PS - someone with 3-4 kids should have thought about having so many kids with no way to support them. 3-4 kids typically is folks on Welfare and in the lower classes. >>
You may want to rethink that statement. I know many people with 3 to 4 kids and not one....not one, has ever received a dime of public support to raise those kids. Both parents in most cases have worked their butts off to try to make their kids lives better than their lives were....at least economically.
With no dependents going to the grocery store and seeing a 9% annual hike is nuisance. Feeding a family off a stagnant income is a nightmare. Sure they can downgrade from Chicken to Ramen Noodles, but why, so the market can pop up another 1000 points.
....and in the interest of clarity, I have no kids to support and am economically secure.
They don't call this the Hobby of Kings because it's cheap.
<< <i>
<< <i>PS - someone with 3-4 kids should have thought about having so many kids with no way to support them. 3-4 kids typically is folks on Welfare and in the lower classes. >>
You may want to rethink that statement. I know many people with 3 to 4 kids and not one....not one, has ever received a dime of public support to raise those kids. Both parents in most cases have worked their butts off to try to make their kids lives better than their lives were....at least economically.
With no dependents going to the grocery store and seeing a 9% annual hike is nuisance. Feeding a family off a stagnant income is a nightmare. Sure they can downgrade from Chicken to Ramen Noodles, but why, so the market can pop up another 1000 points.
....and in the interest of clarity, I have no kids to support and am economically secure. >>
Really? Your friends with 3-4 kids home school their kids or send them to private school? They didn't get any financial aid for college? Who do you think pays for those things?
I dont know where many of you live but I can tell you that So Cal is not experiencing any declining prices in food, water, gas. Hell my monthly sewer water trash bill (all one where I live) is $230/month roughly. Roughly 2.5 years ago, it was $140. My grocery bill is up roughly 15% this year (on average). Again, no clue where some of you live (small vs major city) but where I live, sh*t is getting more expensive by the day. People all around me are cutting back more and more. Everyone I talked to is figuring out how they can save without a major interruption in their normal lives. Real estate all around me exploded in the past 18-24 months. I think the market has peaked a bit the past few months as days of inventory has increased and length of time on the market has increased as well. Just my .02. Carry on with the deflation talk.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>Really? Your friends with 3-4 kids home school their kids or send them to private school? They didn't get any financial aid for college? Who do you think pays for those things? >>
Do you consider public education Welfare?
That is fine if you do, but then almost all families are welfare recipients, not just those with 3 or 4 kids.
<< <i>They don't call this the Hobby of Kings because it's cheap. >>
It is a great hobby. Some participants are wealthy, most are middle class. Either way it is no excuse to ignore the recklessness and deceit of those that determine monetary policy, which heavily affects the prices of gold and silver.