What depressed area do you live in? In Sarasota I bought a house in 1987 for $32 thousand and today it is valued at $450 thousand.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).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
The math works.
I have not been within 500 miles of the house in question in more than 30 years. I was raised as a debutante in a small texas town.Sgt Bilko » 19 Dec 2017 3:30 pm » wrote: What depressed area do you live in? In Sarasota I bought a house in 1987 for $32 thousand and today it is valued at $450 thousand.
Finally saying that you are a female!!! I always thought you were too feminine!!! Now the truth comes out!!!Cannonpointer » 19 Dec 2017 3:32 pm » wrote:I have not been within 500 miles of the house in question in more than 30 years. I was raised as a deutante in a small texas town.Sgt Bilko » 19 Dec 2017 3:30 pm » wrote: What depressed area do you live in? In Sarasota I bought a house in 1987 for $32 thousand and today it is valued at $450 thousand.
what the ****? female upper middle class from texas?Cannonpointer » 19 Dec 2017 3:32 pm » wrote:I have not been within 500 miles of the house in question in more than 30 years. I was raised as a debutante in a small texas town.Sgt Bilko » 19 Dec 2017 3:30 pm » wrote: What depressed area do you live in? In Sarasota I bought a house in 1987 for $32 thousand and today it is valued at $450 thousand.
I have no idea what library classifications have to do with inflation. But yes...inflation has been a bit under 2%/year for the past 10 years according to the 'experts'. Maybe you think that is a lie, I am open to that and all...but we have to trust information from somewhere, right?Cannonpointer » 19 Dec 2017 2:34 pm » wrote:It's beyond me - but the man is in denial of the math.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???
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.
I trust math over government. And I know that worker productivity in the 60s was nothing compared to today. Yet we've not seen prices dropping, as you've indicated they ought to have done with your worker productivity argument.charles.thompson » 19 Dec 2017 4:12 pm » wrote: I have no idea what library classifications have to do with inflation. But yes...inflation has been a bit under 2%/year for the past 10 years according to the 'experts'. Maybe you think that is a lie, I am open to that and all...but we have to trust information from somewhere, right?
Not female - temporarily gender confused.charles.thompson » 19 Dec 2017 4:08 pm » wrote: what the ****? female upper middle class from texas?
Just because I was RAISED as a debutante, that doesn't make me female. You are SO provincial in your attitudes.Sgt Bilko » 19 Dec 2017 4:05 pm » wrote: Finally saying that you are a female!!! I always thought you were too feminine!!! Now the truth comes out!!!
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population is much greater than it was in the 60's also. There are a lot of variables to keep track of when dealing with 'purchasing power'. Its a highly complex issue. But inflation never tells the whole story. I just suggest you try to not oversimplify the issue. It is quite possible that the fed has succeeded at 2% inflation while milk is too expensive, at the same time.Cannonpointer » 19 Dec 2017 4:30 pm » wrote:I trust math over government. And I know that worker productivity in the 60s was nothing compared to today. Yet we've not seen prices dropping, as you've indicated they ought to have done with your worker productivity argument.charles.thompson » 19 Dec 2017 4:12 pm » wrote: I have no idea what library classifications have to do with inflation. But yes...inflation has been a bit under 2%/year for the past 10 years according to the 'experts'. Maybe you think that is a lie, I am open to that and all...but we have to trust information from somewhere, right?
Except that you cannot make that case, as EVERYTHING has gone up by 5% a year, including worker productivity (except wages and COLAs).charles.thompson » 19 Dec 2017 4:34 pm » wrote: population is much greater than it was in the 60's also. There are a lot of variables to keep track of when dealing with 'purchasing power'. Its a highly complex issue. But inflation never tells the whole story. I just suggest you try to not oversimplify the issue. It is quite possible that the fed has succeeded at 2% inflation while milk is too expensive, at the same time.
I have not had any koolaid. I fully support Putin and duerte for example in kicking out their central banks. And my grandfather even confiscated millions of $ of property from jp Morgan and the Rockefellers out of spite. I just think you may be oversimplifying the issue. The federal reserve is not really an enemy to the us government or its people...and the powers given to it do have a plausible rationale.Cannonpointer » 19 Dec 2017 4:37 pm » wrote:Except that you cannot make that case, as EVERYTHING has gone up by 5% a year, including worker productivity (except wages and COLAs).charles.thompson » 19 Dec 2017 4:34 pm » wrote: population is much greater than it was in the 60's also. There are a lot of variables to keep track of when dealing with 'purchasing power'. Its a highly complex issue. But inflation never tells the whole story. I just suggest you try to not oversimplify the issue. It is quite possible that the fed has succeeded at 2% inflation while milk is too expensive, at the same time.
As to over-simplifying, anyone defending the fed is in no position to issue such caveats. Only simple fairy tails can pretend away the stink of a private consortium having stolen our currency issuing authority and posed as a "quasi" governmental agency - and you have simply drunk the koolaid.
I keep using 1963, because that's where I started this argument and I like to dance with the one what brung me.charles.thompson » 19 Dec 2017 4:47 pm » wrote: I have not had any koolaid. I fully support Putin and duerte for example in kicking out their central banks. And my grandfather even confiscated millions of $ of property from jp Morgan and the Rockefellers out of spite. I just think you may be oversimplifying the issue. The federal reserve is not really an enemy to the us government or its people...and the powers given to it do have a plausible rationale.
I would like to see some citation for productivity going up 5% a year. That is not what I remember at all. It has been quite flat the past 20 years or so according to my own studies.
Sodom was destroyed by Fudge packing sodomites!Sgt Bilko » 19 Dec 2017 3:07 pm » wrote:The major problem with the idiocy of Nietzsch quote is the simple fact that in Christianity faith follows provable facts!!!
Archaeological digs have found the following!!!
1. Sodom was destroyed by a pyroclastic (super heated) blast turning the lower city into dust leaving just the ground of the lower city and shearing off the buildings of the upper city.
2. Jericho had a massive inner wall with a smooth ramp between it and the smaller outer wall. That wall fell outward all around the city burying the ramp and outer wall making it easy for an army to invade killing the people and burning the buildings. All valuables were left in place and the just harvested grains were left in the full bins.
OH GEEE WIZZZ!!!
Just like the Bible stated
Many other archaeological digs of Biblical sites have found the Bible 100% accurate.
THIS MAKES FAITH IN THE BIBLE EASY!!!
And yet it has...because increased diversity imho did more damage than technological tools were able to compensate for. That is how serious the diversity issue is. After all...no tool is going to make angola into a world power...they lack the necessary human resource...same with the usa.Cannonpointer » 19 Dec 2017 4:59 pm » wrote:I keep using 1963, because that's where I started this argument and I like to dance with the one what brung me.charles.thompson » 19 Dec 2017 4:47 pm » wrote: I have not had any koolaid. I fully support Putin and duerte for example in kicking out their central banks. And my grandfather even confiscated millions of $ of property from jp Morgan and the Rockefellers out of spite. I just think you may be oversimplifying the issue. The federal reserve is not really an enemy to the us government or its people...and the powers given to it do have a plausible rationale.
I would like to see some citation for productivity going up 5% a year. That is not what I remember at all. It has been quite flat the past 20 years or so according to my own studies.
But let me say this about your 20 year claim. Something happened about 20 years ago that you may or may not have noticed.
Al Gore invented a little thing called the internet.
To say that worker productivity went up because of the internet is sort of like arguing that homo sapiens' capture of fire was an advancement for the species. I find it utterly staggering that an otherwise sensible person could be so blinded by his passions that he would make the incredibly weak argument that productivity has gone down in the age of the internet.
"the phenomenal rise in monthly rent is NOT factored into inflation"Dantev2 » 20 Dec 2017 12:12 am » wrote:Inflation is low because consumer discretionary goods have, for the most part, gone down in price. I know this for a fact because I keep a watchlist on a large selection of items on my Amazon account, and virtually all of them have dropped 15-40% over the last 3 years. Any increase in consumer staple prices are muted and suppressed by the "Amazon effect," as I like to call it.
Then we have the BLS methodology that attributes a certain portion of price increases to "increase in quality of goods."
Finally, real estate is an asset and not a "consumption good." I agree this metric is flawed for 90%+ of the people, but nevertheless the phenomenal rise in monthly rent is NOT factored into inflation.
But that is not what inflation is.indago » 20 Dec 2017 4:43 am » wrote:"the phenomenal rise in monthly rent is NOT factored into inflation"Dantev2 » 20 Dec 2017 12:12 am » wrote:Inflation is low because consumer discretionary goods have, for the most part, gone down in price. I know this for a fact because I keep a watchlist on a large selection of items on my Amazon account, and virtually all of them have dropped 15-40% over the last 3 years. Any increase in consumer staple prices are muted and suppressed by the "Amazon effect," as I like to call it.
Then we have the BLS methodology that attributes a certain portion of price increases to "increase in quality of goods."
Finally, real estate is an asset and not a "consumption good." I agree this metric is flawed for 90%+ of the people, but nevertheless the phenomenal rise in monthly rent is NOT factored into inflation.
And it should be, as it is an expenditure that must be dealt with by many...
You said "factored"...charles.thompson » 20 Dec 2017 4:46 am » wrote:But that is not what inflation is.indago » 20 Dec 2017 4:43 am » wrote:"the phenomenal rise in monthly rent is NOT factored into inflation"Dantev2 » 20 Dec 2017 12:12 am » wrote:Inflation is low because consumer discretionary goods have, for the most part, gone down in price. I know this for a fact because I keep a watchlist on a large selection of items on my Amazon account, and virtually all of them have dropped 15-40% over the last 3 years. Any increase in consumer staple prices are muted and suppressed by the "Amazon effect," as I like to call it.
Then we have the BLS methodology that attributes a certain portion of price increases to "increase in quality of goods."
Finally, real estate is an asset and not a "consumption good." I agree this metric is flawed for 90%+ of the people, but nevertheless the phenomenal rise in monthly rent is NOT factored into inflation.
And it should be, as it is an expenditure that must be dealt with by many...
Well I didnt...i didn't not make his post. But as I said before purchasing power is different from inflation...and if the cost of real estate is going up that might be related to inflation or it may have nothing to do with it at all. Obviously if we destroy 90% of all the buildings in the us then the cost of a building will skyrocket. But that isn't inflation it is scarcity.indago » 20 Dec 2017 4:49 am » wrote:You said "factored"...charles.thompson » 20 Dec 2017 4:46 am » wrote:But that is not what inflation is.indago » 20 Dec 2017 4:43 am » wrote:
"the phenomenal rise in monthly rent is NOT factored into inflation"
And it should be, as it is an expenditure that must be dealt with by many...