My point is that the 1.7% number is scientifically derived by a large team of experts, from many many data points and is therefore a huge aggregate measure of monetary inflation.
It sounds like your 7% number is a small sample size, selected by you with bias, and the price changes are subject to forces of specific supply and demand changes, versus systemic monetary inflation.
<< <i>My point is that the 1.7% number is scientifically derived by a large team of experts, from many many data points and is therefore a huge aggregate measure of monetary inflation. >>
Washington has a huge interest in understating the rate of inflation. Should they be forthright and claim that is was 7% or even 5% over the last year, what happens? Their scheme to reduce the real cost of Social Security benefits goes out the window as they have to pay an accurate COLA figure.
The post 2008 house of cards has a base of extremely low interest rates which has been carefully nurtured by Bernanke and Yellen.
Difficult to ask savers and investors to settle for zero-2.3% (duration dependent) on federal paper, while telling them that the inflation rate is 5-7% above that.
I may be off on the 7%, it could be 8 and it could be 6.
No way in hell is it 1.7%. Even you do not believe that Baley....do you?
No way in hell is it 1.7%. Even you do not believe that Baley....do you?
I have not personally done the math to average the millions (billions) of transactions that go into the figure, so I'm agnostic on the exact TRUE number. I have no reason to disbelieve the aggregate figure.
I am aware however that some of those millions of prices are up, and some are down. Everyone's personal rate may vary, depending on the decisions they make.
<< <i>No, im not going to add in the employers contribution because it was not earned by the worker. If the employer did not pay the money, would the worker be paid a higher wage? NO. That extra money would have gone right into the employers pocket and been subject to income tax. >>
Not earned by the worker? Who earned it, The Great Pumpkin?
<< <i> Lets use your "prices tripling" notion---that computes to a 3.7% inflation rate. Nearly 1/2 your 7% rate you so vehemently defend. >>
Current rate is 7%. I never claimed that it was the inflation number that goes back 35 years.
Personal experience..... 2 Bedroom apartment in 1979, $285 a month. Today $900
New car, 1979, $9000. Today $30,000
Health insurance, 1979, $0, Today $0 ....at least that did not go up!
>>
Ok, so prices tripled. That still results in a 3-4 % long term rate.
But while we are at it....how much did priceds drop in 2008/2008? Housing is the same as in 2008. Energy is less than 2008. Stocks and gold aren't much higher than 2008.
I'm so sorry your almonds cost more this year but I have high confidence that in 5 years those nuts will cost the same. What is the inflation rate then?
<< <i>No, im not going to add in the employers contribution because it was not earned by the worker. If the employer did not pay the money, would the worker be paid a higher wage? NO. That extra money would have gone right into the employers pocket and been subject to income tax. >>
Not earned by the worker? Who earned it, The Great Pumpkin?
Man we live in different worlds. >>
No one earned it. It is just a tax. >>
By that logic, employer paid health insurance is not earned by the worker either. Is that just another tax or a gift from the benevolent corporation?
<< <i> they have 15% deducted from their income for SSI/Medicare and now another 8% for the ACA, even if they are young and in perfect health.
Are the young workers supposed to be able to skate through their health without paying into the system, and then start taking benefits just when they're old and need them?
Or if they have an accident or get really really sick in their prime?
Or should nobody pay insurance and then everyone's on their own?
Please sage, solve the dilemma! >>
Looking forward to a response here please.
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I can no more be protector of my neighbors health than he or she can. Health care is more than going to a doctor and having your chest split open for bypass surgery.
Many choose obesity and cigarettes and excessive drug use over less dangerous choices like a balanced diet and exercise.
Any doctor will tell you that they are only a small part of the wellness continuum, most of it is personal choice.
Get the ship in order first and then we can discuss socialized medicine.
So Mark….to clarify…what is your specific response to these valid questions Baley has asked you….they seem very pertinent but I don't think you answered them yet...
"Are the young workers supposed to be able to skate through their health without paying into the system, and then start taking benefits just when they're old and need them?
Or if they have an accident or get really really sick in their prime?
Or should nobody pay insurance and then everyone's on their own?"
Young healthy people eventually all get sick, injured or otherwise die.
Thanks.
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
1. Medicare should be dismantled immediately. Old folks are cashing in on the benefits at a rate averaging four times what they have paid in. No need to hose the next two generations because of our recklessness.
2. If they are uninsured and get sick in their prime, and choose to go to a medical doctor for treatment, they should be prepared to pay for that service.
3. Insurance should be a choice, not a Marxist mandate.
4. Yes we all kick the bucket in due time. Not an excuse to force young healthy adults to cover the expenses of those that choose to neglect their health and fatten the $2,000,000 doctors that graciously respond to every demand for surgery.
I know that you will not like these answers any more than you will enjoy watching the Dems get sh*tcanned tonight for stupidly following the president down a road of communist ruin.
1. leave the current "old folks" out to die is your answer. Even those that lived a very healthy lifestyle. 2. Agree....I guess they can go to the mailman for medical treatment or anyone else who will "treat" them for free. 3. OK....see # 2 & 3 I guess. 4. I used to work in a hospital and knew hundreds of docs.....none ever came close to your wildly exagerated figure(you seem to exagerate a lot about many things you don't like or agree with).
So, when a healthy lifestyle person gets in a car crash, gets a curable disease if treated yet they have no insurance or otherwise can't pay.....we leave them to die in the street! Man, we come from different planets. I truely wish you the best of luck in the future...you may need it.
One thing....looking forward to the Dems going down the drain! Best to you.
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
Jeesh, crashes, curable diseases people can't pay for all sounds like many of the other mantras that take a less than 1% of happening and now make it a mandate to pay/make free for everyone, billable to those who make above avg moolah... to make it seem like its 99% happening all around us...
Pump n dump, smoke n mirrors , shuck n jive, all bs...
<< <i>1. leave the current "old folks" out to die is your answer. Even those that lived a very healthy lifestyle. >>
Care to discuss Iatrogenic deaths? You worked with hundreds of docs. Certainly you are familiar with outcomes caused by medical error. 100,000 deaths are acknowledged by the medical community, 200,000 is closer to the truth.
How about the elderly patients that are taking a boatload worth of prescribed drugs and do much better when a wise family member weans them off of most of the crap. They generally perk up, regain their appetites and are more clear thinking. Has medicine served them well?
....Do your Doc friends call the elderly GOMER's? That was a term used by the fine MD's in Detroit a few decades ago, stands for "Get Out Of My Emergency Room". Nice way to treat the patients that make the Ferrari payments.
And the numerous, uneccesary, generally ineffective treatments given to the old timers to fatten up the doctors wallet before the poor fellow kicks the bucket.
"Oh, we have to cover all the bases", the doc-gods state. I have seen it myself as have most who have watched their older parents die.
And for this we give up 20% of our nations production, destroy a ton of full time jobs and financially cripple our children and their children.
Time to stop bowing down to the shylocks and hold them accountable for their nation destroying practices.
Mish: "The Fed has been so wrong, so many times, and in so many ways. Why anyone bothers to listen to such speeches other than to poke fun at them remains a mystery."
"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
Mish has been so wrong, so many times, and in so many ways. Why anyone bothers to listen to such speeches other than to poke fun at them remains a mystery
<< <i>PM forumites have been so wrong, so many times, and in so many ways. Why anyone bothers to read their posts other than to poke fun at them remains a mystery
Well, it's hard to make predictions, especially about the future.
However, interest rates in The Market are starting to creep up, and it's looking more and more like the Fed will raise sometime this year.. let's start with an eighth, maybe a quarter point, and digest that...
<< <i>Well, it's hard to make predictions, especially about the future.
However, interest rates in The Market are starting to creep up, and it's looking more and more like the Fed will raise sometime this year.. let's start with an eighth, maybe a quarter point, and digest that... >>
The Market may react as if it were a 4% hike with a sell off, then realize how silly that was. Could be a good buy-op whenever Janet sings.
<< <i>Well, it's hard to make predictions, especially about the future.
However, interest rates in The Market are starting to creep up, and it's looking more and more like the Fed will raise sometime this year.. let's start with an eighth, maybe a quarter point, and digest that... >>
The Market may react as if it were a 4% hike with a sell off, then realize how silly that was. Could be a good buy-op whenever Janet sings. >>
Lets hope so.
The PM bulls will be saying, "this is it", "I told you so", "shoulda had insurance". And they will miss another opportunity.
"The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate, our analysis is at fault not the market." - Martin Armstrong
"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>"The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate, our analysis is at fault not the market." - Martin Armstrong >>
That's not what the PM bulls have shouting the last few years. Lol
<< <i>"The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate, our analysis is at fault not the market." - Martin Armstrong >>
That's not what the PM bulls have shouting the last few years. Lol >>
The market will correctly reflect any successful, manipulative effort.
"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>"The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate, our analysis is at fault not the market." - Martin Armstrong >>
That's not what the PM bulls have shouting the last few years. Lol >>
The market will correctly reflect any successful, manipulative effort. >>
Like how the PM scammers manipulated silver to $49, (remember all those newsletters and blogs talking about $100 and $150 silver?), then pulled out the rug?
Comments
<< <i>What's the "current" year over year rate of inflation of the price of gasoline? >>
I suspect that we are down 15%-20% on that commodity.
What is the inflation rate on healthcare, groceries and housing. Not seeing too many reductions in that sector.
Bring you dog to the vet recently or priced out dental work?
Have airfares dropped with the price of fuel.
UPS just hiked rates 5%.
Baley, I fill up the tank too and am thrilled at the $7 a tank savings. It gets gobbled up quickly at the grocery store however.
Wish inflation were dead, but it will not go away any time soon.
It sounds like your 7% number is a small sample size, selected by you with bias, and the price changes are subject to forces of specific supply and demand changes, versus systemic monetary inflation.
Liberty: Parent of Science & Industry
<< <i>My point is that the 1.7% number is scientifically derived by a large team of experts, from many many data points and is therefore a huge aggregate measure of monetary inflation. >>
Washington has a huge interest in understating the rate of inflation. Should they be forthright and claim that is was 7% or even 5% over the last year, what happens? Their scheme to reduce the real cost of Social Security benefits goes out the window as they have to pay an accurate COLA figure.
The post 2008 house of cards has a base of extremely low interest rates which has been carefully nurtured by Bernanke and Yellen.
Difficult to ask savers and investors to settle for zero-2.3% (duration dependent) on federal paper, while telling them that the inflation rate is 5-7% above that.
I may be off on the 7%, it could be 8 and it could be 6.
No way in hell is it 1.7%. Even you do not believe that Baley....do you?
I have not personally done the math to average the millions (billions) of transactions that go into the figure, so I'm agnostic on the exact TRUE number. I have no reason to disbelieve the aggregate figure.
I am aware however that some of those millions of prices are up, and some are down. Everyone's personal rate may vary, depending on the decisions they make.
Liberty: Parent of Science & Industry
<< <i>
<< <i>No, im not going to add in the employers contribution because it was not earned by the worker. If the employer did not pay the money, would the worker be paid a higher wage? NO. That extra money would have gone right into the employers pocket and been subject to income tax. >>
Not earned by the worker? Who earned it, The Great Pumpkin?
Man we live in different worlds. >>
No one earned it. It is just a tax.
Knowledge is the enemy of fear
<< <i>
<< <i> Lets use your "prices tripling" notion---that computes to a 3.7% inflation rate. Nearly 1/2 your 7% rate you so vehemently defend. >>
Current rate is 7%. I never claimed that it was the inflation number that goes back 35 years.
Personal experience..... 2 Bedroom apartment in 1979, $285 a month. Today $900
New car, 1979, $9000. Today $30,000
Health insurance, 1979, $0, Today $0 ....at least that did not go up!
Ok, so prices tripled. That still results in a 3-4 % long term rate.
But while we are at it....how much did priceds drop in 2008/2008? Housing is the same as in 2008. Energy is less than 2008. Stocks and gold aren't much higher than 2008.
I'm so sorry your almonds cost more this year but I have high confidence that in 5 years those nuts will cost the same. What is the inflation rate then?
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>No, im not going to add in the employers contribution because it was not earned by the worker. If the employer did not pay the money, would the worker be paid a higher wage? NO. That extra money would have gone right into the employers pocket and been subject to income tax. >>
Not earned by the worker? Who earned it, The Great Pumpkin?
Man we live in different worlds. >>
No one earned it. It is just a tax. >>
By that logic, employer paid health insurance is not earned by the worker either. Is that just another tax or a gift from the benevolent corporation?
Knowledge is the enemy of fear
<< <i> they have 15% deducted from their income for SSI/Medicare and now another 8% for the ACA, even if they are young and in perfect health.
Are the young workers supposed to be able to skate through their health without paying into the system, and then start taking benefits just when they're old and need them?
Or if they have an accident or get really really sick in their prime?
Or should nobody pay insurance and then everyone's on their own?
Please sage, solve the dilemma! >>
Looking forward to a response here please.
"""Looking forward to a response here please."""
I can no more be protector of my neighbors health than he or she can. Health care is more than going to a doctor and having your chest split open for bypass surgery.
Many choose obesity and cigarettes and excessive drug use over less dangerous choices like a balanced diet and exercise.
Any doctor will tell you that they are only a small part of the wellness continuum, most of it is personal choice.
Get the ship in order first and then we can discuss socialized medicine.
"Are the young workers supposed to be able to skate through their health without paying into the system, and then start taking benefits just when they're old and need them?
Or if they have an accident or get really really sick in their prime?
Or should nobody pay insurance and then everyone's on their own?"
Young healthy people eventually all get sick, injured or otherwise die.
Thanks.
2. If they are uninsured and get sick in their prime, and choose to go to a medical doctor for treatment, they should be prepared to pay for that service.
3. Insurance should be a choice, not a Marxist mandate.
4. Yes we all kick the bucket in due time. Not an excuse to force young healthy adults to cover the expenses of those that choose to neglect their health and fatten the $2,000,000 doctors that graciously respond to every demand for surgery.
I know that you will not like these answers any more than you will enjoy watching the Dems get sh*tcanned tonight for stupidly following the president down a road of communist ruin.
1. leave the current "old folks" out to die is your answer. Even those that lived a very healthy lifestyle.
2. Agree....I guess they can go to the mailman for medical treatment or anyone else who will "treat" them for free.
3. OK....see # 2 & 3 I guess.
4. I used to work in a hospital and knew hundreds of docs.....none ever came close to your wildly exagerated figure(you seem to exagerate a lot about many things you don't like or agree with).
So, when a healthy lifestyle person gets in a car crash, gets a curable disease if treated yet they have no insurance or otherwise can't pay.....we leave them to die in the street!
Man, we come from different planets.
I truely wish you the best of luck in the future...you may need it.
One thing....looking forward to the Dems going down the drain!
Best to you.
Pump n dump, smoke n mirrors , shuck n jive, all bs...
<< <i>1. leave the current "old folks" out to die is your answer. Even those that lived a very healthy lifestyle. >>
Care to discuss Iatrogenic deaths? You worked with hundreds of docs. Certainly you are familiar with outcomes caused by medical error. 100,000 deaths are acknowledged by the medical community, 200,000 is closer to the truth.
How about the elderly patients that are taking a boatload worth of prescribed drugs and do much better when a wise family member weans them off of most of the crap. They generally perk up, regain their appetites and are more clear thinking. Has medicine served them well?
....Do your Doc friends call the elderly GOMER's? That was a term used by the fine MD's in Detroit a few decades ago, stands for "Get Out Of My Emergency Room". Nice way to treat the patients that make the Ferrari payments.
And the numerous, uneccesary, generally ineffective treatments given to the old timers to fatten up the doctors wallet before the poor fellow kicks the bucket.
"Oh, we have to cover all the bases", the doc-gods state. I have seen it myself as have most who have watched their older parents die.
And for this we give up 20% of our nations production, destroy a ton of full time jobs and financially cripple our children and their children.
Time to stop bowing down to the shylocks and hold them accountable for their nation destroying practices.
<< <i>Economy and markets would become more efficient with a fed signal that rates are beginning to normalize. >>
Fed on track for rate hike probably before this thread is a year old..
Liberty: Parent of Science & Industry
<< <i>
<< <i>Economy and markets would become more efficient with a fed signal that rates are beginning to normalize. >>
Fed on track for rate hike probably before this thread is a year old.. >>
When Miss Janet raises
She better not be rash
Only one eighth please
Or the Markets will crash
Burma-Shave
Mish: "The Fed has been so wrong, so many times, and in so many ways. Why anyone bothers to listen to such speeches other than to poke fun at them remains a mystery."
"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
Fixed it for ya.
Knowledge is the enemy of fear
<< <i>PM forumites have been so wrong, so many times, and in so many ways. Why anyone bothers to read their posts other than to poke fun at them remains a mystery
Fixed it for ya.
Fify
However, interest rates in The Market are starting to creep up, and it's looking more and more like the Fed will raise sometime this year.. let's start with an eighth, maybe a quarter point, and digest that...
Liberty: Parent of Science & Industry
<< <i>Well, it's hard to make predictions, especially about the future.
However, interest rates in The Market are starting to creep up, and it's looking more and more like the Fed will raise sometime this year.. let's start with an eighth, maybe a quarter point, and digest that... >>
The Market may react as if it were a 4% hike with a sell off, then realize how silly that was. Could be a good buy-op whenever Janet sings.
<< <i>
<< <i>Well, it's hard to make predictions, especially about the future.
However, interest rates in The Market are starting to creep up, and it's looking more and more like the Fed will raise sometime this year.. let's start with an eighth, maybe a quarter point, and digest that... >>
The Market may react as if it were a 4% hike with a sell off, then realize how silly that was. Could be a good buy-op whenever Janet sings. >>
Lets hope so.
The PM bulls will be saying, "this is it", "I told you so", "shoulda had insurance". And they will miss another opportunity.
Knowledge is the enemy of fear
"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>"The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate, our analysis is at fault not the market." - Martin Armstrong >>
That's not what the PM bulls have shouting the last few years. Lol
Knowledge is the enemy of fear
<< <i>
<< <i>"The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate, our analysis is at fault not the market." - Martin Armstrong >>
That's not what the PM bulls have shouting the last few years. Lol >>
The market will correctly reflect any successful, manipulative effort.
"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>"The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate, our analysis is at fault not the market." - Martin Armstrong >>
That's not what the PM bulls have shouting the last few years. Lol >>
The market will correctly reflect any successful, manipulative effort.
Like how the PM scammers manipulated silver to $49, (remember all those newsletters and blogs talking about $100 and $150 silver?), then pulled out the rug?
Knowledge is the enemy of fear