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Thread: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

  1. #51
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Kushinator View Post
    The chart above is more to your liking? Cool! That you disagree with the official metric due to opinion alone is of no use to this discussion; it certainly doesn't support your position! No. Where statistical significance is analyzed within the context of its application.
    Don't know what the chart is supposed to represent, but if it does not include the hidden unemployed I don't give a crap what you think it means, it's worthless.
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by CanadaJohn View Post
    I don't disagree with you, and you're probably right about the lawsuits - it would have happened already if it ever was, consider lawyers in the US sue for everything.

    But I have to say that the advent of the "all you can eat" dinner buffet, at obscenely low cost, has led to a lot of people, particularly in the US where they're everywhere, even for breakfast, brunch and lunch too, to overeat and then vegg out has been a contributing cause to obesity - when you go to an all you can eat place, there's no such thing as the guy who eats healthy and a normal size meal - he's gotta get his money's worth.
    Greetings, CJ.

    For those that frequent these places, I wonder if we will find that as food prices climb, people will be even more determined to "get their money's worth." How much can the average person eat to achieve that, without getting sick? BTW, I have never seen anyone only eating salad and then leaving! : They have breakfast "all you can eat," too, and you would be surprised to see how many sausages or bacon strips together with mounds of scrambled eggs, with biscuits and gravy added to the mix, that a person can eat! A little fruit on the plate seems like an afterthought, though! I don't know how businesses make money on it!

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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Guy Incognito View Post
    Ok, I laughed. When it comes to toilet paper, fifty cents more than ten years ago is inflation. Geez...
    I should have probably specified that it was printing paper.
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Captain Adverse View Post
    Really? So you say I am paying the same price for less, and some voodoo economic system calculates this as inflation but not really bad inflation, just "acceptable" inflation...so that makes it all right that I am consistently getting less value for my dollar? That's because on balance I am still getting value, because although I am paying more for the food I need to survive there is that computer I don't need which is relatively cheaper than previous computers I didn't need?

    Oh, and let's not forget all those new inexpensive clothes, that aren't as durable as the old ones I used to get for the price, but because they haven't increased in price (I just have to replace them more often) that somehow "saves" me money too. Then there is the furniture made of balsa wood, and other changes in product quality and durability that create...what was that old term again??? Oh yeah, "planned obsolescence" which keeps me buying the same things over and over as they wear out faster and faster...but they are cheap so that makes up for the waste of money.

    Great! I'll just sit and play on my computer and forget I'm hungry until you tell me how else I am getting value to keep my spirits up, okay?
    No, it just calculates it as regular old inflation and doesn't separate it out in any way... It is included in the number you see in the news for regular inflation.

    It is not really that complicated, with regard to your snickers. If 10 ounces was $10 and now 9 ounces is $10, then we have a price increase per ounce of 11 cents. Before, an ounce was $1. Now it is $1.11. This is simple stuff.

    With regard to other quality decreases: it was explained to you that they do account for those too, and how they do, and how it gets wrapped into the CPI, the number you see in the news. They are not trying to hide stuff. The business community relies on these numbers and needs them to be accurate to make decisions. If they were "voodoo", you would hear the business community squawking.
    You can never be safe from a government that can keep you completely safe from each other and the world. You must choose.

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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Dezaad View Post
    With regard to other quality decreases: it was explained to you that they do account for those too, and how they do, and how it gets wrapped into the CPI, the number you see in the news. They are not trying to hide stuff. The business community relies on these numbers and needs them to be accurate to make decisions. If they were "voodoo", you would hear the business community squawking.
    Why would the business community squawk when the figures make it seem like business as usual, i.e. no real inflation here, your money's still good. Nothing to see move along move along....LOL

    The funny thing is I SEE what the prices of goods and services are and how they are increasing while my wages are not. I see the fact it's not worth saving money when the best interest rate I can get is .3% but more likely .1% when I used to get 7.5% back before we went to this "valueless currency."

    All your stupid charts and graphs are only fooling people who choose to be fooled. It's like the Emperor's New Clothes, really invisible but everyone pretends it's a wonderful outfit.
    Last edited by Captain Adverse; 07-26-13 at 02:06 PM.
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

  6. #56
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Captain Adverse View Post
    Don't know what the chart is supposed to represent, but if it does not include the hidden unemployed I don't give a crap what you think it means, it's worthless.
    If you can't figure it out, i don't give a crap about your opinion on it.
    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.
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Kushinator View Post
    I am sure this metric might provide some insight within labor markets but wouldn't the ratio between the number of non-farm employees and the total population provide even a better picture (1-(NFE/POP))?

    The not-employed ratio:



    Still shouldn't be confused with the unemployment rate.
    Sort of useful. Keep in mind that that's non-farm payroll jobs and excludes a lot of people. Simpler is the emp-pop ratio, currently 59%. The problem is that demographics can affect that. For example the emp-pop ratio is higher now than any time before 1977, so clearly it's not useful as a long term comparison, unless you want to think we have a better labor market now than in the 50's. (and by Cpt Adverse's measurement, we do).
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Kushinator View Post
    If you can't figure it out, i don't give a crap about your opinion on it.
    Finally, we agree on something. You think your chart has value, I don't. We agree we don't give a crap about what the other thinks. NOW you understand why I ignored the other "economist" and couldn't care less if YOU ignore me.

    A meeting of the minds, at last! LOL
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

  9. #59
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by polgara View Post
    Greetings, CJ.

    For those that frequent these places, I wonder if we will find that as food prices climb, people will be even more determined to "get their money's worth." How much can the average person eat to achieve that, without getting sick? BTW, I have never seen anyone only eating salad and then leaving! : They have breakfast "all you can eat," too, and you would be surprised to see how many sausages or bacon strips together with mounds of scrambled eggs, with biscuits and gravy added to the mix, that a person can eat! A little fruit on the plate seems like an afterthought, though! I don't know how businesses make money on it!
    Good afternoon Lady P.

    They can do it because food at wholesale is very cheap, particularly in North America - it's only when it gets through 5 middlemen on the way to the grocery store that it starts getting expensive.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Captain Adverse View Post
    Yep, out come all the people making excuses. "Oh no this really isn't important..."
    Yes, it clearly is unimportant. It's a small increase in a small part of the inflation calculations.

    Plus, with normal inflation the amount stays the same, and the price increases slightly -- around 3-4% under normal conditions. If they shrink the size by 3%, and keep the price the same, then... it's the same thing.

    As with gas prices, you may notice it disproportionately because it's an everyday item. That doesn't mean inflation has spiraled out of control, and we're all blithely ignorant of it.


    But I'm sure you all are sincere, just as sincere as people who buy into the government unemployment statistics which ignore hidden unemployment too. I'll be like chicken little crying that the sky is falling...until it actually falls.
    There is no "hidden" unemployment.

    The government keeps track of a variety of unemployment stats, including U6 (discouraged workers + part-time workers who want full-time work). They also track the percentage who are still in the workforce -- which, by the way, started declining in 2001.

    If you want to use U6 unemployment, that's fine by me. Just don't compare U3 in 2004 to U6 in 2013.

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