Reply With Quote
Sorry you didn't understand my words, looks like you've got your caught in a crack.
Sorry, they were your words.
Cleanup on aisle three was still a mess.
Sorry you didn't understand my words, looks like you've got your caught in a crack.
Winester gettin' racked. It's my Xmas present, courtesy of CC.
CC
You're an easy mark. Lighten up, geezer
He got ya, Blake.
Minutes Ago
Thread
notthewordsofonewhokneels
This message is hidden because Thread is on your ignore list.
View Post
Remove user from ignore list
I'm sure it was a great post
Did that recession ever hit? Or is this like the hyper-inflation thread and I just have to keep checking back every couple of years?
JAt this point if you are wealthy and merely just hung onto index funds you must be very very pleased.
Low cost flat out easy. Rich people in the US SHOULD be doing fine or they are dullards.
Or merely over thinking that they know what they are doing. Which is very common Imo. Thinking they know a lot more than they do. Hubris with wealth and not realizing the path was just good fortune in many cases. Being born into the right family in the right country and they are just blind. Seems people would rather put success into a category of ONLY working hard, they completely whiff on good fortune playing a huge role in their puffed sense of control and intellect.
Last edited by pgardn; 12-22-2023 at 08:50 PM.
If CC keeps predicting the same thing long enough, eventually he could turn out to be right.
CC says he never predicted hyperinflation, though. Just inflation. Bold.
When was inflation not like this?
And Whinehole is still waiting for the prices to drop since inflation slowed a little.
And Whinehole is correct. I never predicted hyperinflation, but multi trillion dollar deficits give the fed very few options.
The goal is low inflation to keep money moving. It’s always been like that. We want to avoid deflation or high inflation.
And reduced inflation can lead to lower prices. Not always, but it’s dependent on the cost coming down at a higher rate than inflation and having a true compe ive market. We see that all the time in markets like electronics for example.
Market forces that would lower prices have been acting. You see it in fuel prices who actually react to said market forces. In consolidated markets, firms do not give a beyond setting the highest price they can.
We had it ed at $2 gallon gas with Trump, a-hole.
Yep, Biden brought it with him at $6 a gallon gas, down now to $4 a gallon gas. A box of Nabisco Graham Crackers were $2.88 for the last 20 years till Biden...Now? $4.39 a box over at the Wal-Mart. I can't even imagine what that same box would cost at Big Shot Safeway. Probably over $5 a box.
When Trump made President and gas was $2 a gallon gas. But you wouldn't have it and commenced to trying blow him up, cut his head off and shoot him to death. RESULT: He survived SO FAR, but we're still at $4 a gallon gas.
It's odd you're stuck on this inference when I said pretty much the exact opposite. The purchasing power of the USD goes down over time (not continuously, but that's the long term trend) and prices go up (again, not continuously and uniformly, some things are inherently more volatile in price, others might go down in price due to technical improvements and market efficiencies, or because commodity cost and inflation are decreasing at the same time, like El Nono and Fuzzy just pointed out.)
Last edited by Winehole23; 12-24-2023 at 04:47 AM.
TVs are a good example of the latter.
Canada in shambles. Trudeau wow. From my understanding was elected on the back of a Marijuana bill and now there have been drastic initiatives passed. Overall the past 20 years, is there a more head scratching 2-time leader in the West?
This post in this thread is a head scratcher. How does it relate to the topic?
We have been blessed with low consumer product prices (electronics, clothes, etc) for years as Asia converted from an agrarian society to an industrial society. Those work forces are no longer working 16 hour days for pennies. Couple that with the political tensions with China that potentially can effect commerce in the future and this advantage will more than likely diminish in the future.
"Technological progress and market efficiencies"
CC is so spoiling for a fight that he doesn't notice when people more or less agree. It's boring and somewhat obtuse to assume that perceived antagonists always disagree, and are always wrong.
Finding dispute with opponents is easy, finding agreement takes discernment and is more interesting, pretty much always, than picking a quarrel.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
