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Record number of public debt, houshold debt, record number of homeless people in our cities, standard of living for most Americans are degrading and going downhill. Things will get much worse for everyone.
Inflation, Inflation, Inflation........Inflation kills a society more quickly than deflation does. Give me deflation in the Deflation Season; and inflation in the Inflation Season. That was Bernanke's problem. He did not know which was which -- most people don't.
Earnings growth from 2001-PRESENT was an accounting trick brought on by interest rate suppression and share BUYBACK. The entire so called Economic Recovery since 2001 was fake and phony. We failed to do our job, which was to deflate the world we inflated from 1983-2001. We lied to ourselves -- and took what we thought was the easy way out. There is no easy way out. Heaven and Hell. We should have raised interest rates in 2001 and continued raising them through 2019.
We have a lot to learn about nature -- Nature has a body (which science studies); Nature also has a Soul, a Mind, in which science does not believe. That is a problem. Can we grow our way out of a mountain of debt? Highly unlikely. More likely we will have a huge global depression and we will rediscover God as a people, since poverty leads us back to God and wealth leads us back to the Devil.
Investing is for fools. It’s useless paper for us and gold for the rich. Try and sell your shares during the day and report back the details. Your shares will sell at the close of the day.
Investing is for fools. It’s useless paper for us and gold for the rich. Try and sell your shares during the day and report back the details. Your shares will sell at the close of the day.
Maybe you are the one who don't belong in the economic forum. Why do you think I never replied to your message??? If you want to talk about investing go to Investing Forum. Here is the link; http://www.city-data.com/forum/investing/
If my grandfather were alive it would probably bring back some memories of 1970s style stagflation with a few differences of course. Prices have already snuck up. My grocery bill is 2x of what it was 7 years ago in NY.
If my grandfather were alive it would probably bring back some memories of 1970s style stagflation with a few differences of course. Prices have already snuck up. My grocery bill is 2x of what it was 7 years ago in NY.
A lot of products at the grocery store are in smaller packaging and charging the same price or more. "Stealth inflation."
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Quote:
Originally Posted by Tencent
If my grandfather were alive it would probably bring back some memories of 1970s style stagflation with a few differences of course. Prices have already snuck up. My grocery bill is 2x of what it was 7 years ago in NY.
Sure, many things are costing more, but others less.
I was in college in the 70s, and remember the gas rationing and prices. Today, gas is cheaper than what I was paying in 1973. We are not in NY, but are in a high cost area near Seattle, where the median home price is now at $911,500. Our groceries have remained steady over the last 10 years, buying mostly at Costco. I have been amazed at how much cheaper manythings have gotten. We recently bought a new Microwave, and it was less than half of the first one we bought here in 1993. You can get a 43" 4k smart TV for $219. We paid $399 for our first new color TV, a 32" CRT back in the late 1970s.
More?
Your grocery bill - in 1982 a gallon of milk was $2.24, now I see it for $1.99. Prices for many other foods have dropped or at least the increases have been less than in the past.
We pay less for a domestic flight than we did in the 1980s
MP3 Players are much cheaper than when they first came out
While cell phone prices are up with so many fancy features, plans are now cheaper than in 2000
Digital Cameras have dropped in price constantly since 2000
Many computers, such as Chromebooks are dirt cheap compared to the early laptops and notebooks, I remember paying $3,000 for an IBM PC in the early 1980s, with only 256K memory, two floppy drives and no hard drive.
Investing is for fools. It’s useless paper for us and gold for the rich. Try and sell your shares during the day and report back the details. Your shares will sell at the close of the day.
It is how I got rich, and I suspect that I am not alone.
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