Thank you! You're 100% on target.
I could not have said it any better.
Therefore, you have earned this colorful award!
LOL
Posted on 06/18/2006 10:14:30 PM PDT by Flavius
Economics is common sense.
Some folks need to take at least a high schhol Economics class, and read Maslow, Adam Smith, and Alfred Marshall. Then they might have a clue why businesses exist. And why we don't live in caves.
Economics is common sense.
Some folks need to take at least a high schhol Economics class, and read Maslow, Adam Smith, and Alfred Marshall. Then they might have a clue why businesses exist. And why we don't live in caves.
Series, HTR is ethereal and therefore does not understand reality. He appears to see all business as eeevil, and government as good. Just like liberals...
Bingo! And I'm not a commodities trader, though I understand inventory replacement costs. When I bought steel from the mills (sourced all over the world), though we costed it on LIFO for tax purposes, we set our selling prices based on NIFO (Next In First Out); and our margins were slightly better than the industry.
He said, "I want to get what it's REALLY worth."
Apparently, the potential buyers walking into the store are not "real" buyers to this guy. He is looking for buyers who'll pay him "top dollar" as he defines it.
I asked him, "Don't you want a low price on the things YOU buy?"
How many of us want to pay top dollar for anything we buy?
Conversely, how many of us are thrilled to sell something for a fraction of what most buyers would pay?
It's amazing how many people do not understand the basics of everyday economics.
your hilarious
Almost everyone looks at that 25% number wrong. What is really tells us is just how much more energy the developing world is going to need to improve their standard of living. There is no way Americans could conserve enough to make that happen. We could disappear and reduce our demand to zero and that would not free up enough supply to raise the standard of living for the 95% left very much. Change your light bulbs, if you want. It wont put 2 billion Indians and Chinese on the road. Increasing supply is the only answer.
BRAVO!!! John Valentine gets it!
I always say that laws of business (or economics, however you want to put it) are as immutable as the laws of physics. Of course, most politicians, and virtually the entire Democrat Party, have no clue about the above.
Here's a flash-
Mexico is sitting on proven reserves larger than the whole middle east, a fact rarely noted by msm.
Secondly, the runup fron $2 a gallon to over $3 in a few months has nothing to do with demand and everything to do with speculation and supply manipulation.
I think you're dead on target. I've read in more than one place that OPEC has actually cut production in order to keep prices high.
Another point the sleezey and rich oil CEO's forget when comapring gas prices between the US and Europe is that the European governments highly tasx gasoline as a method to generate tax revenue and pressure the use of mass transit. This is in conjuction also with the cost of insurance, registration fees, and wheel taxes. It cost a European in England, France, Germany, Italy, Switzerland, Austria, Holland, Belgium, etc. (don't forget Japan) about 5 -6 times the average American to operate a vehicle with the cost of gas stripped out.
A lady complains to her butcher about the $2.59 a pound he is charging for hamburger. She informs him that the butcher down the street is selling hamburger for $2.19 a pound. He ask why she isn't buying it from him and she answers that he is out of hamburger. The butcher says, oh, when I am out of hamburger it is $1.99 a pound.
Good. Someone has to educate the public on how the economy works.
I'm not sure where my hilarious is.
Try this. It may be illuminating. http://www.okcupid.com/tests/take?testid=14457200288064322170
Thank you! You're 100% on target.
I could not have said it any better.
Therefore, you have earned this colorful award!
LOL
I agree. Economics classes should be required in high school.
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