Liberal Forum

Cannonpointer » 19 Dec 2017 11:45 am » wrote:

charles.thompson » 19 Dec 2017 7:54 am » wrote:the fed operates as it does to keep inflation around 2%...which it has honestly done a great job at...and it certainly would not be possible for us to have 2% inflation if private banks were making their own money. Also, the fed is supposed to try to keep unemployment around 4.5%, which it has been decent at doing. obviously its impossible during a recession.

2%, the dildo says. Remarkable job, he says.

gas
milk
housing
bread

I remember when gas and bread were around 10 cents - one silver dime. A home was maybe 10 grand.

Our new 3 bedroom in town cost 7200 in '63. At 2% inflation, it would be worth about 17k today. Let's see what zillow says, mr. 2%.

.

60,000.

If gas was 25 cents in '63, it should be 58 cents today, figuring 2% per annum inflation. Ditto bread. Ditto milk.

It almost looks like someone is full of ****.

Looks like I can believe about 2% of what this remarkable knob job has to say.

the purchasing power of the dollar has gone down remarkably. That is correlated with inflation, but it is not identical to it. The fed is not expected to control the dollar purchasing power. I personally tend to blame 'diversity' for most of that.

charles.thompson » 19 Dec 2017 11:51 am » wrote: the purchasing power of the dollar has gone down remarkably. That is correlated with inflation, but it is not identical to it. The fed is not expected to control the dollar purchasing power. I personally tend to blame 'diversity' for most of that.

So the dollar's purchasing power and inflation are unrelated topics?

Thanks for straightening that out.

Cannonpointer » 19 Dec 2017 11:56 am » wrote:

charles.thompson » 19 Dec 2017 11:51 am » wrote: the purchasing power of the dollar has gone down remarkably. That is correlated with inflation, but it is not identical to it. The fed is not expected to control the dollar purchasing power. I personally tend to blame 'diversity' for most of that.

So the dollar's purchasing power and inflation are unrelated topics?

Thanks for straightening that out.

No. They are related. They just are not identical.

Cannonpointer » 19 Dec 2017 11:56 am » wrote:

charles.thompson » 19 Dec 2017 11:51 am » wrote: the purchasing power of the dollar has gone down remarkably. That is correlated with inflation, but it is not identical to it. The fed is not expected to control the dollar purchasing power. I personally tend to blame 'diversity' for most of that.

So the dollar's purchasing power and inflation are unrelated topics?

Thanks for straightening that out.

https://en.m.wikipedia.org/wiki/Purchasing_power

If worker productivity declines...which it has...but inflation does not change...then purchasing power will also decline.

https://www.bls.gov/opub/btn/volume-6/m ... ession.htm

charles.thompson » 19 Dec 2017 12:39 pm » wrote: https://en.m.wikipedia.org/wiki/Purchasing_power

If worker productivity declines...which it has...but inflation does not change...then purchasing power will also decline.

https://www.bls.gov/opub/btn/volume-6/m ... ession.htm

That has to top the **** cake - worker productivity has DECLINED?

You poor, deluded thing. For starters, "since the great recession" is a blip. It has no relevance to the issue I raised regarding inflation - the 60k house you SAY should be going for 17k, according to your preposterous inflation numbers. Showing a "trend" so short-lived as to be meaningless doesn't offer any substance at all - it's flak throwing.

In 1996, I needed to make my own label of hotel soap, which I was giving away as part of a marketing campaign. I also needed printing on plastic, and some 1/2 gallon jugs with caps.

To procure these needed items for my campaign, I spent several weeks visiting the local library for several hours each day, using the Thomas Business Directory to copy the contact information of hundreds of manufacturers all over the US. In the end, I made contacts in all three necessary industries, and got the items I needed at a price I felt was good, given my research.

Today, I could get all of those things ordered in two hours, while keeping a window open to **** with saps like yourself who are dumb enough to believe that a blip is a meaningful trend.

If worker productivity brought costs down, son, we'd be dining for dimes and doing Dubai for dollars.

charles.thompson » 19 Dec 2017 12:37 pm » wrote: No. They are related. They just are not identical.

Okay - call it mayonnaise muffin, if you like, son. 2% inflation is ****. What the fed has done a fine job of is robbing you of your wealth and good sense.

2% inflation would have gas and milk at half a buck, kid. Purchasing power would have it even lower, given the meteoric rise in worker productivity, compared to the 1960s.

Cannonpointer » 19 Dec 2017 1:11 pm » wrote:

charles.thompson » 19 Dec 2017 12:37 pm » wrote: No. They are related. They just are not identical.

Okay - call it mayonnaise muffin, if you like, son. 2% inflation is ****. What the fed has done a fine job of is robbing you of your wealth and good sense.

2% inflation would have gas and milk at half a buck, kid. Purchasing power would have it even lower, given the meteoric rise in worker productivity, compared to the 1960s.

So to be clear, you think that the published inflation rate is simply a dirty lie
https://www.statbureau.org/en/united-states/inflation

charles.thompson » 19 Dec 2017 1:17 pm » wrote: So to be clear, you think that the published inflation rate is simply a dirty lie
https://www.statbureau.org/en/united-states/inflation

So to be clear, you think that the Dewey Decimal System is simply a dirty lie.

https://en.wikipedia.org/wiki/Dewey_Dec ... sification

Cannonpointer » 19 Dec 2017 11:45 am » wrote:
2%, the dildo says. Remarkable job, he says.

gas
milk
housing
bread

I remember when gas and bread were around 10 cents - one silver dime. A home was maybe 10 grand.

Our new 3 bedroom in town cost 7200 in '63. At 2% inflation, it would be worth about 17k today. Let's see what zillow says, mr. 2%.

.

60,000.

If gas was 25 cents in '63, it should be 58 cents today, figuring 2% per annum inflation. Ditto bread. Ditto milk.

It almost looks like someone is full of ****.

Looks like I can believe about 2% of what this remarkable knob job has to say.

i believe the historical average is 5% yrly.................the old saying being, a dollar today is worth .95 in a yr at todays money

makes sense that prices double for staples every 25 yrs


real estate should also be factored as an appreciating asset in the equations here...in fact, it is an entirely different thing and a good thing to look at too......when real estate plummeted to half the values in 08(UGGGHHHH) it will take 25 yrs to stabelize at a historical average

Cannonpointer » 19 Dec 2017 1:23 pm » wrote:So to be clear, you think that the Dewey Decimal System is simply a dirty lie.

https://en.wikipedia.org/wiki/Dewey_Dec ... sification

he thinks it is a lie????.......how can a thing you can touch(piece of paper with a dewey decimal) possibly be a lie???

or is this a russian conspiracy???

Stinky McPeterson » 19 Dec 2017 2:26 pm » wrote:
i believe the historical average is 5% yrly.................the old saying being, a dollar today is worth .95 in a yr at todays money

makes sense that prices double for staples every 25 yrs

real estate should also be factored as an appreciating asset in the equations here...in fact, it is an entirely different thing and a good thing to look at too......when real estate plummeted to half the values in 08(UGGGHHHH) it will take 25 yrs to stabelize at a historical average

5% is about right - fits the math on our 3 bedroom home.

Cannonpointer » 19 Dec 2017 2:32 pm » wrote:5% is about right - fits the math on our 3 bedroom home.

interesting....what would it have been right before the real estate crash.....figuring in what the house would have been worth relative to the same yr span......get on it econ man

Stinky McPeterson » 19 Dec 2017 2:30 pm » wrote:
he thinks it is a lie????.......how can a thing you can touch(piece of paper with a dewey decimal) possibly be a lie???

or is this a russian conspiracy???

It's beyond me - but the man is in denial of the math.

He claims inflation runs at 2% per annum - while real world, dewey decimal prices put it at five percent.

Then he posits the absurd claim that American workers' productivity is in decline (using a blip instead of a graph). He's all over the board.

Cannonpointer » 19 Dec 2017 2:34 pm » wrote:It's beyond me - but the man is in denial of the math.

He claims inflation runs at 2% per annum - while real world, dewey decimal prices put it at five percent.

Then he posits the absurd claim that American workers' productivity is in decline (using a blip instead of a graph). He's all over the board.

lol...aren't we all...lol

Stinky McPeterson » 19 Dec 2017 2:34 pm » wrote: interesting....what would it have been right before the real estate crash.....figuring in what the house would have been worth relative to the same yr span......get on it econ man

No, it fits TODAY'S prices. My family paid 7200 in '63. It's valued at 60k today (on zillow - but ya gotta ride the horse in the corral).

The math works.

nuckin futz » 18 Dec 2017 8:55 pm » wrote:

Sgt Bilko » 18 Dec 2017 8:10 pm » wrote: It is obvious to the casual observer that you are not the only one who has the best experience in the world right up to the time of Moses and the world right up to five people in the same time as the greatest moral and artistic human achievement viewed through the eye of the beholder!!!

A casual stroll through the lunatic asylum shows that faith does not prove anything.
friedrich_nietzsche_

I spouted gibberish using the prediction part of the SwiftKey keyboard on my tablet and you make a futile attempt to make sense of it.

Cannonpointer » 19 Dec 2017 2:35 pm » wrote:No, it fits TODAY'S prices. My family paid 7200 in '63. It's valued at 60k today (on zillow - but ya gotta ride the horse in the corral).

The math works.

i said that wrong...i was curious what your figure would be at the value of 07................then figure what you would have paid for the house 11 yrs before you bought it...i know that this all **** up...lol

Sgt Bilko » 19 Dec 2017 2:38 pm » wrote:
I spouted gibberish using the prediction part of the SwiftKey keyboard on my tablet and you make a futile attempt to make sense of it.

Okay, hole result. Settle down.

Stinky McPeterson » 19 Dec 2017 2:39 pm » wrote: i said that wrong...i was curious what your figure would be at the value of 07................then figure what you would have paid for the house 11 yrs before you bought it...i know that this all **** up...lol

Honestly, boom prices don;t interest me as much. It seems to me the math is more instructive and relevant if you can even out such idiosyncrasies - which the bust did, after a bit.

Sgt Bilko » 19 Dec 2017 2:38 pm » wrote:
I spouted gibberish using the prediction part of the SwiftKey keyboard on my tablet and you make a futile attempt to make sense of it.

You are a towering inferno of BABBLE!