Posted on 07/14/2007 11:02:40 AM PDT by bruinbirdman
Excellent!
It is affected by supply and demand fundamentals.
Kind of like interest rates.
Toddler, it’s been great learning from you, but it’s time to run. I recommend you download and read that desoto book, it’s 900 pages though, so it will probably take you about 5 years to finish it. That will be good timing though, as we can then catch up on what the inflation rate is 5 years from now. Maybe cash will still buy what it can buy today!
That will be good timing though, as we can then catch up on what the inflation rate is 5 years from now.
Can't wait for you to show everyone that all our prices doubled. LOL!
Hmmmm.....You'd think centrally set rates would be a lot smoother. You know, rates shall be 5% would show zero movement up and down, until the next rate setting announcement.
I, too have NO SYMPATHY for anyone who complains about inflation. The "little people" should eat cake and keep their foolish little mouths shut.
I only pray that JESUS will forgive them for their foolish spending habits....
Congress is COMPLETELY to blame for the drop in buying power of a legal consumer dollar.
The premium paid on everything from a gallon of milk to a gallon of gas is essentially a ‘global warming tax’ or alternatively a subsidy on ‘cheap imported labor’.
And I thought the original proposition was "It is not that difficult to stay ahead of inflation." No mention of rate, true or hidden.
Cash! Why so much talk of cash. Keep some for emergencies and liquidity, ready to invest in equities.
The guy who is worried about the price of food should get a second job.
yitbos
The secret is to eat bread and mac and cheese and invest the difference. Invest in learning how to save and invest. Libraries don't ask to see your 1040.
Try going without for 30 or 40 years and see what you have afterwards.
yitbos
“Cash! Why so much talk of cash. Keep some for emergencies and liquidity, ready to invest in equities.”
Generally speaking, we are paid in cash. So if the value of the cash is decreasing, you will be purchasing less until your income catches up.
I said, "There are ways to beat inflation." Do you disagree with that simple statement?
yitbos
Yes, of course there are ways to beat inflation. Mainly consists of borrowing depreciating money and then paying off the loan in the future. Funds must be used for speculation or investment during the period the loan is outstanding.
The average American is not in a position to take advantage of this - they pulled it off for short periods during the tech bubble and the housing bubble. The latter will burst as the former did. You need to be quick.
Thankyou, I said that in #17.
Mainly consists of borrowing depreciating money "
Not true. I have said nothing concerning "speculation" or ""depreciating money", margin buys, shorts, futures puts or calls, currency carry trades, preferreds Not even interest rates. Not even borrowing at all.
Unless you count my paltry borrowing on a credit card that I always pay off at the end of every month.
If others lack fiscal discipline, frugality, hard work, I cannot be responsible nor can the government.
See #88.
yitbos
The housing costs in the CPI are based on rent, not home prices.
In the Seattle area, home prices have gone through the roof the last seven years, yet rent has actually stayed flat or even gone down.
So, a massive increase in the most expensive monthly payment of most homeowners is not even factored into the inflation rate. That makes the figures useless.
Actually rent and owners equivalent rent.
In the Seattle area, home prices have gone through the roof the last seven years, yet rent has actually stayed flat or even gone down.
So, a massive increase in the most expensive monthly payment of most homeowners is not even factored into the inflation rate.
Everybody in the Seattle area bought a new house in the last seven years?
U.S. Bureau of Labor Statistics Postal Square Building 2 Massachusetts Ave., NE Washington, DC 20212-0001 |
Phone: (202) 691-5200 |
You sure about that?
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