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Thread: Inflation on the rise? Market says not so much

  1. #21
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    Re: Inflation on the rise? Market says not so much

    Inflation?

    A brand new base model corvette in 2002, exactly ten years ago, would set you back some 41K.
    A brand new base model corvette in 2012, ten years later, will set you back some 50K.

    That's about 10 grand, in ten years.

    To put that another way, it's about a dollar a day.

    When you look at inflation, you have to look at REAL WORLD dollar amounts. That's all that matters.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by AdamT View Post
    Yes, selective data sets. Looking at the big picture might upset your beliefs.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

  3. #23
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by Arbo View Post
    Yes, selective data sets. Looking at the big picture might upset your beliefs.
    Come oooonnnnn.....use my post, in reference to selective data sets....it's why I made it!
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  4. #24
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by KevinKohler View Post
    Come oooonnnnn.....use my post, in reference to selective data sets....it's why I made it!
    He's never about reality.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by hikari View Post
    Yes, they are getting screwed but it has a lot less to do with inflation than it does globalization. The ruling class has an easier time exploiting the American working class by exposing them more directly to competition from the third world, this has allowed wages to remain stagnant after all why pay people in Michigan a dime more if you could save money by sending that job elsewhere.

    If we go down a path of Keynesian economics again, which I think we will, we will probably live with a moderate amount of inflation, and the ruling class wanting to maximize profit will make no moves to do things like peg minimum wage to inflation (which is a very good idea imo) so it will continue that wages will sink till congress needs a boost.

    The thing that has changed really is that NAFTA and all the other pro globalization legislation were touted as things good for us, they were not.
    *sigh* I have to respond to this argument every few days now.

    Free trade is a good thing for everyone in the long run. It increases our standard of living. Outsourcing jobs is actually good for our economy. It allows us to focus our resources on producing goods that we have a comparative advantage in compared to other countries. We'd have a much lower standard of living if we manufactured everything here in the US as opposed to importing most basic goods like we currently do.

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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by Arbo View Post
    Yes, selective data sets. Looking at the big picture might upset your beliefs.
    Looking at the facts seems to upset your beliefs.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by Arbo View Post
    He's never about reality.
    And you're saying this as you poo poo the DXY Dollar Index, which is THE definitive index establishing the relative value of the dollar?
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

  8. #28
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by AdamT View Post
    And you're saying this as you poo poo the DXY Dollar Index, which is THE definitive index establishing the relative value of the dollar?
    Then why is a base corvette 10 grand more today, than it was 10 years ago?
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  9. #29
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by KevinKohler View Post
    Inflation?

    A brand new base model corvette in 2002, exactly ten years ago, would set you back some 41K.
    A brand new base model corvette in 2012, ten years later, will set you back some 50K.

    That's about 10 grand, in ten years.

    To put that another way, it's about a dollar a day.

    When you look at inflation, you have to look at REAL WORLD dollar amounts. That's all that matters.
    The 2012 Corvette is a much better car than the 2002 Corvette. It's not a very good gauge.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

  10. #30
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by KevinKohler View Post
    Then why is a base corvette 10 grand more today, than it was 10 years ago?
    Because it's a much better car. And on top of that, even with stated inflation 40,000 in 2002 would be equivalent to 48,186 in 2010 (not 2012). The Inflation Calculator

    Do you know what compound interest is?
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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