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Old 08-14-2019, 01:17 PM
 
835 posts, read 493,584 times
Reputation: 1292

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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.


Good Luck 👍
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Old 08-14-2019, 01:35 PM
 
Location: NJ
24,376 posts, read 30,501,213 times
Reputation: 16277
so what are you currently invested in?
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Old 08-14-2019, 05:03 PM
 
804 posts, read 211,053 times
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Quote:
Originally Posted by CaptainNJ View Post
so what are you currently invested in?
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.
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Old 08-14-2019, 07:46 PM
 
Location: NJ
24,376 posts, read 30,501,213 times
Reputation: 16277
Quote:
Originally Posted by Snowpacked View Post
Investing is for fools. Itís 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 dont belong in the economics forum
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Old 08-14-2019, 11:05 PM
 
835 posts, read 493,584 times
Reputation: 1292
Quote:
Originally Posted by CaptainNJ View Post
maybe you dont belong in the economics forum
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/


Good Luck!
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Old 08-15-2019, 05:57 AM
 
2,176 posts, read 636,999 times
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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.
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Old 08-15-2019, 06:42 AM
 
2,797 posts, read 1,803,329 times
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Did I stumble into the outdoor life and nature hiking forum?
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Old 08-15-2019, 06:58 AM
 
1,491 posts, read 333,506 times
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Quote:
Originally Posted by Tencent View Post
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."
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Old 08-15-2019, 07:01 AM
 
Location: East of Seattle since 1992, originally from SF Bay Area
30,172 posts, read 55,041,366 times
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Quote:
Originally Posted by Tencent View Post
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.


https://www.ers.usda.gov/data-produc...-findings.aspx
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Old 08-15-2019, 09:13 AM
 
8,980 posts, read 3,996,629 times
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Quote:
Originally Posted by Snowpacked View Post
Investing is for fools. Itís 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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