Notmuchlonger
Thinks s/he gets paid by the post
- Joined
- Dec 20, 2007
- Messages
- 4,764
Good news. Tequila is staying around the same! Woo all is right in the world...
Took off my flip flops stepped on a pop top...
Life is good. After bitc**n about the CPI I'm worn out. It is hopeless and all we can do is watch as our purchasing power vanishes. Got another of those generic brews?
What you might not believe is that even though I feel this way about the rigged CPI and that we are getting hosed right now, my gut feeling is that inflation might not last that much longer. If the Fed starts up the printing presses, then I'll change my mind. I think odds are that we will be seeing a deflationary stage within a year or so. Housing is already deflating. When the government numbers show the CPI down for 20 months in a row, the BLS will figure out the CPI is being under reported and will scramble to change things so that on paper we are no longer deflating. When politics gets involved in influencing markets that is what happens. The full circle of life.
We just bought a laptop for $800 that would have been $1500 a few years ago. Neighbor just bought a 32" flatscreen LCD similar to the one we have except he paid $900 instead of $1400 like we did two years ago.
Good news. Tequila is staying around the same!
1/1/08-3/14/08: $13,650.91 on everything
1/1/07-3/14/07: $14,215.75 on everything
Negative year-over-year CPI-P inflation in the 2Cor521 household.
2Cor521
forgot his name, but he is always on kudlow. works for some place called strategas
Whaaa? Maybe this year but the stuff skyrocketed a couple of years ago when it became a fashionable "sipping" booze.
What since when. Its like the ugly step child of booze.. Man I dont need people running the price up on it.
Yep, agave went from about 5c a kilo in the early 90's to almost two bucks by a year or two ago.
Try out THAT inflationary pressure...
Marquette, this game only works for so long. Once everyone has swapped out steak for hamburger, then they'll have to swap out hamburger for lungs and kidneys, and the year after they'll be gnawing on the ears and the toenails. What happens when the homemade risotto is $50? You have to compare apples to apples and I would like to see "core" inflation defined as all the basics it would be hard to live without: energy, shelter (I would like to see this on a s.f. basis), basic foodstuffs, etc..I think it's worth substituting along the hedonic scale as appropriate. For my purposes, at a macro level "eating food" suffices for planning since we feel that we have the same quality of life if I'm making us risotto at home or we're plunking down $50 for dinner at our favorite spot.
Good beer seems to cost about $1-$1.50 more a six pack this year than last year. Thats pissing me off...
Consumer prices rose at a 5.3 percent annual rate in the Miami-Fort Lauderdale area last month, the federal Bureau of Labor Statistics reported Friday. That puts the local rate higher than the inflation rate in major cities like New York (3.6 percent), Los Angeles (3.1 percent) and Chicago (4.4 percent). And it's significantly higher than the nation's rate, too.
South Florida's inflation rate dropped in February compared to two months earlier, but it remained much higher than the national inflation rate
Yeah, i am pissed too, that usually gets my attention before gas prices do.
1/1/08-3/14/08: $13,650.91 on everything
1/1/07-3/14/07: $14,215.75 on everything
Negative year-over-year CPI-P inflation in the 2Cor521 household.
2Cor521
I think he forgot to separate out the $4300 a month for hookers.