tag:blogger.com,1999:blog-8515247115132134144.post6772236664297207089..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: Inflation MoodStagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8515247115132134144.post-5205265666986535282011-04-06T12:41:49.778-07:002011-04-06T12:41:49.778-07:00AllanF,
Gas prices rise along with oil
The corre...AllanF,<br /><br /><a href="http://finance.yahoo.com/news/Gas-prices-rise-along-with-cnnm-2921378924.html?x=0&sec=topStories&pos=1&asset=&ccode=" rel="nofollow">Gas prices rise along with oil</a><br /><br />The correlation here seems fairly strong. Who would have guessed?<br /><br />*sarcasm*Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-64252444206319603122011-04-05T13:12:17.885-07:002011-04-05T13:12:17.885-07:00RE: wages
Transfer payments are also up. Food sta...RE: wages<br /><br />Transfer payments are also up. Food stamps are through the roof. Unemployment compensation supposedly is ending, but I don't believe it. Just today I saw Obama is suggesting "loans" to the unemployed to cover their mortgages. WTF? -- wrong on so many levels, that one.AllanFnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-87376883114387985532011-04-04T12:43:49.208-07:002011-04-04T12:43:49.208-07:00Troy & Red A,
I think we could maintain our c...Troy & Red A,<br /><br />I think we could maintain our current standard of living if not for our unsustainable trade deficit.<br /><br />In general, renters with dreams of home-ownership have been doing fairly well over the past few years though. They are seeing the price of something they want fall in price. That is more than offsetting the rise in the price of gasoline.<br /><br />That said, I think a homeowner who has watched the price of his/her house fall has definitely seen a decline in the standard of living. That's especially true if that person is also part of the 9% unemployed and was planning to use home equity to fund future purchases.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-82951971716741496142011-04-03T09:47:09.872-07:002011-04-03T09:47:09.872-07:00Wage inflation in China though...up another 20% in...Wage inflation in China though...up another 20% in Shenzhen soon.<br /><br />http://www.business-in-asia.com/china/workers_wage_ch2011.html<br /><br />Wages inland soared too, so the idea that everyone could just move inland for cheaper wages disappeared.<br /><br />Red AAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-63348989772329351082011-04-03T02:14:36.174-07:002011-04-03T02:14:36.174-07:00Wither wages???
no wage inflation, no inflation, ...Wither wages???<br /><br />no wage inflation, no inflation, just reallocation.<br /><br />my main bit on the internet is making the argument that land values and rents can still fall quite a lot, since what gets bid up can be bid down, too.<br /><br />Existing housing stock has a cost of production approaching $0! <br /><br />My theory of economics -- ATCOR* -- tells me that we could double tax burdens and energy costs, and our** standard of living would not decline one iota.<br /><br />* All Taxes Come Out of Rents<br />** ex-leechf-ck landlordsTroynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-31294808758042127492011-04-01T22:28:12.742-07:002011-04-01T22:28:12.742-07:00One more thought.
I made it to Costco today. I pa...One more thought.<br /><br />I made it to Costco today. I packed my car again.<br /><br />It wasn't that I saw higher prices. I didn't. It was that the prices I did see looked even cheaper relative to the commodities I've been charting recently.<br /><br />As a side note, I even bought some <a href="http://illusionofprosperity.blogspot.com/2011/03/last-chance-to-hoard-hershey.html" rel="nofollow">Hershey</a> bars. Go figure.<br /><br />I wonder where we are on the gold to Hershey candy bar ratio chart. Wouldn't that be interesting!Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.com