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Old 11-27-2019, 04:41 PM
 
2,945 posts, read 1,920,169 times
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Quote:
Originally Posted by Northern Maine Land Man View Post
In 1963 you could buy a Ford F11 pickup for $1,995. A radio was extra.
And the average person made $4,300. What’s your point?
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Old 11-27-2019, 04:46 PM
 
869 posts, read 511,124 times
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Quote:
Originally Posted by cebuan View Post
As I recall, a 1963 dollar had a purchasing power not that far from 28 current dollars. I bought a new '64 Volvo for $2,100.



The actual number is $1 in 1963 is equivalent to $8.26 in 2019 at least in the US.
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Old 11-27-2019, 07:23 PM
 
Location: Cebu, Philippines
5,678 posts, read 2,176,885 times
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Quote:
Originally Posted by SoCal25 View Post
The actual number is $1 in 1963 is equivalent to $8.26 in 2019 at least in the US.
Where's my $16k Volvo, or $8k Renault? Or my Frommer's Europe on $40 a day, including London? Or 40c double dip ice cream cone, or $2 paperback best-seller or pack of cigarettes or movie ticket?
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Old 12-03-2019, 05:41 AM
 
Location: Outside US
1,694 posts, read 683,168 times
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Quote:
Originally Posted by skeddy View Post
Isn't this great? Low unemployment and stocks at all time highs.
It's good.... For about 20% of the population.
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Old 12-03-2019, 06:01 AM
 
75,050 posts, read 74,545,389 times
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of course things were moving along to well so the master of chaos had to say he thinks he wants to wait until after the election to do a china deal ..futures reversed on a dime and TLT AND GLD went up .

hence my thread i started on defensive portfolio's ... this guy just loves chaos and uncertainty
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Old 12-05-2019, 11:54 AM
 
4,583 posts, read 2,566,530 times
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Quote:
Originally Posted by Returning2USA View Post
It's good.... For about 20% of the population.
Yep - the stock market is not the economy.
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Old 12-05-2019, 12:22 PM
 
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however if those with the most money to spend feel poorer because of down markets and cut back , that can be quite a bit of damage inflicted on business .
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Old 12-06-2019, 07:26 AM
 
Location: Central IL
16,026 posts, read 9,180,282 times
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Quote:
Originally Posted by skeddy View Post
that may have had something to do with Clinton and House Republicans working together. Congress will never work together again. The focus now has become removing the leader of the Party in charge. That will happen no matter which Party is in charge in the future. Perpetual impeachment inquiries.
True, once Trump is out the 'Pubs will seek revenge, hence "perpetual" impeachment inquiries - but, that's on THEM.

In other news, it'd be better for the economy to get China and Korea situations settled, rather than unsettled every week or so.
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Old 12-06-2019, 11:00 AM
 
Location: Chandler, AZ
2,695 posts, read 1,347,578 times
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Quote:
Originally Posted by cebuan View Post
Where's my $16k Volvo, or $8k Renault?
If they still made them with drum brakes, carbureted engines, no AC, no power, no electronics, no safety features, everything's an extra, and will last for maybe 40,000 miles; you could get that.

Instead, the base model car you buy today is far safer, more reliable, more efficient, and longer lasting than anything you could get 50 years ago.
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Old 12-06-2019, 11:03 AM
 
Location: Chandler, AZ
2,695 posts, read 1,347,578 times
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Quote:
Originally Posted by Returning2USA View Post
It's good.... For about 20% of the population.
Why 20%?

Do you have an IRA or a 401(k)? If so, at least some of it should be invested in equities.

Oh, you have a pension! Where do you think the pension fund lives? They don't stack up wads of cash ina bank vault somewhere... they need to combat inflation and seek principle growth like anyone else, so they're invested in equities.

It's fewer than 20% of Americans who aren't directly benefited by a healthy equities market, and fewer still who don't indirectly benefit.
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