Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Invisible Inflation continues
Old 02-15-2006, 12:56 PM   #61
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: Invisible Inflation continues

CFB - interesting show it sounds like! I think the "gourmet" nature of food and drink is 90% hype and image and 10% better quality food/drink (materials or preparation). Just because something costs more doesn't mean it is better. I personally like the quality and consistency of machine-made food products.

Please don't tell the French about this show. It may inflame their sense of national gustatory pride to the extent that they declare war on our inferior country. And the last thing the US needs is the French military on our front porches. Drinking our wine, insulting our food, and seducing our women with their fancy accents and berets.
__________________

__________________
justin is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Invisible Inflation continues
Old 02-15-2006, 01:33 PM   #62
Thinks s/he gets paid by the post
ladelfina's Avatar
 
Join Date: Oct 2005
Posts: 2,713
Re: Invisible Inflation continues

Quote:
seducing our women with their fancy accents and berets
Sounds like someone is jealous?*

Just to take this thread even further off topic, I remember reading year or two back something in the New Yorker to the effect that a number of wine "experts" could be easily fooled in blind taste testings--really blind, in that they were also blindfolded. Not only could they not distinguish the vintage, or even the types of grapes used, they could not, in some cases, distinguish red wine from white.

Now don't even get me started on bread, because Tuscany has the worst bread ever. No salt. No taste. Wonder Bread has a more enticing aroma. Another expatriate compared* Tuscan bread to toilet paper with added latex. I don't care if it's made by a machine or an artisan, it's baaad. In Rome the bread is revelatory: you've died and gone to bread heaven!

What I spend on bread (trying to get the 'non-Tuscan' kind), I more than make up for in savings on wine. About $1.65 for 750ml of a delicious Sangiovese at the local supermarket. I could get it for less if I wanted to visit the local wine cooperative, buy it in huge damigiane and bottle it myself.

Quote:
I personally like the quality and consistency of machine-made food products.
I used to love them Space Food Sticks!

My hats off to P&T, but what CFB kind of glanced over is that to a large degree their premise is based on the potential embarrassment of the victim. Who knows what they really thought about what they were served..! P.S. Bruschetta is indeed usually made with stale bread, so no points there... It's a very humble dish that is "exalted" only in the US...like many of the other humble foods born of necessity and poverty that have been recently elevated to 'gourmet' status.

There really are foods that are better than others; buying them in a fancy store or restaurant doesn't guarantee the quality, only the price.
__________________

__________________
ladelfina is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-15-2006, 01:42 PM   #63
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: Invisible Inflation continues

Quote:
Originally Posted by ladelfina
. . a number of wine "experts" could be easily fooled in blind taste testings--really blind, in that they were also blindfolded. Not only could they not distinguish the vintage, or even the types of grapes used, they could not, in some cases, distinguish red wine from white.
So JG, it is fine to drink white wine with your steak no matter what the CFB says.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-15-2006, 01:58 PM   #64
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Re: Invisible Inflation continues

Most of us, especially JG, could give a rat's a$$ what anyone else "approves" of...

Sorry for ending that sentence with a preposition!

Added data point: bought my second and last bottle of Dom Perignon yesterday for St. Valentine's Day. Don't really like champagne anywho, especially not for $175 a pop...........
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-15-2006, 02:00 PM   #65
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: Invisible Inflation continues

Quote:
Originally Posted by Have Funds, Will Retire
M
Added data point: bought my second and last bottle of Dom Perignon yesterday for St. Valentine's Day. Don't really like champagne anywho, especially not for $175 a pop...........
So does this mean the date didn't go well?
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-15-2006, 02:02 PM   #66
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Re: Invisible Inflation continues

Au contraire!! 8)
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-15-2006, 02:09 PM   #67
Thinks s/he gets paid by the post
ronin's Avatar
 
Join Date: Oct 2003
Posts: 1,190
Re: Invisible Inflation continues

A pleasant California sparkler, like Hans Kornell, will set you back less than a fourth of that French swill. And a spectacular harvest of high quality grapes this year bodes well for prices in the near future.
__________________
We are, as I have said, one equation short. Keynes
ronin is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-15-2006, 02:22 PM   #68
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Invisible Inflation continues

Quote:
Originally Posted by Martha
So JG, it is fine to drink white wine with your steak no matter what the CFB says.*
Thanks. I can not drink red wine for medical reasons. I have consumed my share over the years and don't really miss it much.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-15-2006, 03:06 PM   #69
Thinks s/he gets paid by the post
ladelfina's Avatar
 
Join Date: Oct 2005
Posts: 2,713
Re: Invisible Inflation continues

New Yorker article: http://www.newyorker.com/fact/content/?020819fa_fact
__________________
ladelfina is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-15-2006, 03:52 PM   #70
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: Invisible Inflation continues

Quote:
Originally Posted by ladelfina
What I spend on bread (trying to get the 'non-Tuscan' kind), I more than make up for in savings on wine. About $1.65 for 750ml of a delicious Sangiovese at the local supermarket. I could get it for less if I wanted to visit the local wine cooperative, buy it in huge damigiane and bottle it myself.
damigiane - isn't that Italian for "box"? Cause the wine I buy at Superwalmart comes in a big box, and its real cheap.


__________________
justin is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-15-2006, 03:58 PM   #71
Thinks s/he gets paid by the post
free4now's Avatar
 
Join Date: Dec 2005
Posts: 1,225
Re: Invisible Inflation continues

The "Davis Wine Test" that Trillan referred to in the New Yorker is apparently an urban myth according to:

http://www.wineloverspage.com/randys...02.phtml#DAVIS

and

http://itotd.com/articles/412/

Which notes:

Volunteers on the staff of Wine Spectator fared much better in their own version of the test, correctly guessing color 40 out of 42 times.
__________________
free4now is offline   Reply With Quote
There are differences
Old 02-15-2006, 04:33 PM   #72
Thinks s/he gets paid by the post
free4now's Avatar
 
Join Date: Dec 2005
Posts: 1,225
There are differences

A relative is an entrepreneur/businessman who used to work at a cosmetics company. He firmly believes that all shampoos work the same and differ only in the fragrances, foaming agents, thickeners, and colors used to deceive the buyer that there are differences. He believes the same line of reasoning for most personal care products, and many foods as well. He makes shopping decisions pretty much strictly based on cost per ounce.

Personally I have sensitive combination skin and fine hair that doesn't respond well to normal hair care products, so I am very attuned to which products work for me and which don't. I generally find myself buying products that are at the top end of the grocery store selection, or at the bottom end of the salon warehouse selection. I often will do "side by side" tests alternating using two different products to see which works better.

When I was travelling through SE Asia, I was somewhat surprised to find that basically nobody used high quality personal care products... the highest end of what is generally available there is about at the level of Suave or low end grocery store products here in the USA.

Yet most everyone looked just as well groomed as in the USA, with shiny strong hair and blemish free skin. My guess is that because they don't eat as rich foods as us westerners and because they get more exercise in daily life, they don't have as many issues with problem skin and sensitivity that we have over here.

I recently decided to see if I could save some money by shaving with an old fashioned single blade GEM razor. Single blades seem to be more of a commodity, costing about 10-15 cents each. The razor I used was an old one found in the basement probably from the 1950's or 1960's. In it's heyday it was probably considered the state of the art in shaving.

But using it today, I find the weight and single blade design caused significantly more nicks and irritation than a cheap double blade disposable razor. I'm used to a more comfortable shave and I decided the irritation just wasn't worth it, so I'm back to shaving with double blade razors that cost about 60 cents each.

To get back to the subject of this thread, my point is that hedonic adjustments are not just about getting more songs on your ipod or cheaper DVD players. It's also about the little personal care things like having two blades on your shaver rather than one that can make real differences. So some of these things are real improvements that many of us actually benefit from.

Of course I'm not saying that I need or would buy the new 5 blade razor... I'll leave that for the Starbucks-drinking, Department-store cosmetics-wearing, Hummer-driving crowd.
__________________
free4now is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-15-2006, 05:56 PM   #73
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Re: Invisible Inflation continues

I usually start out buying the cheapest foods/toiletries/cleaning products, etc., then gradually move up the chain until I find one I like.

Why pay extra for pinto beans? Cache?

On the other hand, store-brand "Cheerios" get soggy the instant milk hits them, and store-brand "Wheeties" taste like cardboard...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-15-2006, 07:13 PM   #74
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Invisible Inflation continues

Well, you might think the foodies were thinking the stuff stunk while putting on a brave face, but they were raving about it. The guy stuffing his face with frozen dinner pot roast aka kobe beef was telling his date how much he enjoyed the 'intense beefiness' and how the canned gravy aka reduction sauce 'really made the meal'. On the flip side, the 22 year old girl out on a date with a guy old enough to perhaps be her grandpa, was raving about the food and wine, as was her date. One guy seemed a little 'eh...' about the food, from his expression, but he kept eating it and didnt complain or try to send anything back.

Experts indeed are frequently confounded by cheap bottles. I think it was two-buck-chuck Charles Shaw Shiraz that made it into the top 25 or top 50 in a broad taste testing, IIRC from a large group of NY tasting judges. I posted it, so its around here somewhere. The judges were incredibly embarrassed by their voting once the labels were revealed.

Champagne...? Dom is ok but its middle of the pack as far as i'm concerned. For a spendy bottle, try the Piper Heidsiek...should be 25-35 bucks. Probably the best I've tried, but perhaps not the best for every taste. For a decent price bottle, go with Piper Sonoma, the california winery analog to the french Piper that makes the Heidsiek. Usually $11-14 a bottle.

I'm sorry about not being able to let go of Johnny's wine pairing. His original comment came in response to his "possum living" where he said "nothing but filet mignon and chardonnay for me". I dont think that had much to do with medical conditions or poor taste, but rather it was the two most expensive sounding things he could think of at the time...which led to an entire discussion on the Hangtown Fry IIRC...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-16-2006, 01:25 AM   #75
Thinks s/he gets paid by the post
ladelfina's Avatar
 
Join Date: Oct 2005
Posts: 2,713
Re: Invisible Inflation continues

fireme, thanks for the link to the "Interesting Thing of the Day" site.. looks.. interesting.

I'm still pretty amazed that even 5% of random people working at the Wine Spectator, and thus presumably pretty knowledgeable/interested in the subject, still couldn't tell red wine from white, though! So it's not totally a myth.

a damigiana is the name for a huge flask, in older English texts I have seen it referred to as a "demijohn"; the name comes from a Persian city that was once big in glass-making.

Wine is def. one of the things I have a hard time shelling out much money for; there's just too much decent cheap wine out there.. (no offense to the connoisseurs on the board)!*

__________________
ladelfina is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-16-2006, 08:48 AM   #76
Thinks s/he gets paid by the post
Eagle43's Avatar
 
Join Date: Jan 2005
Location: DFW
Posts: 1,879
Re: Invisible Inflation continues

There's even Two Buck Chuck. My rule is to pay $10 or less for a bottle. I even like Gallo Hearty Burgundy. Got the big bottle at WalMart for less than 6 bucks. I drink wine every day. "A little wine, for the stomach's sake," of course.
__________________
Resist much. Obey Little. . . . Ed Abbey

Disclaimer: My Posts are for my amusement only.
Eagle43 is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-16-2006, 11:14 AM   #77
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Invisible Inflation continues

Thats the conclusion Cut-Throat and I came to when we had a long thread on cheap wine over a year ago...cheap wine has gotten a lot better over the last 10-15 years.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-16-2006, 02:55 PM   #78
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Invisible Inflation continues

Looks like Johnny might be in some good kingly company...

http://www.newscientist.com/article....ine-news_rss20
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-16-2006, 03:51 PM   #79
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Re: Invisible Inflation continues

I'm no snob expert on wine; prefer red to white, but usually buy what's on sale... I believe I could taste the diff in a blind test, but maybe not...

Same with coffee. Drink Folger's or MH french roast, whichever's on sale when I run out. I do grind my own beans on the weekend, but buy Hill's Bros. beans.

Now, at work, the coffee tastes like they swept it off the floor, so I spring for the $1.40 cup 'o' Starbucks, rather than the $0.75 swill...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Re: Invisible Inflation continues
Old 02-16-2006, 03:57 PM   #80
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Invisible Inflation continues

Quote:
Originally Posted by Have Funds, Will Retire
I do grind my own beans on the weekend
What part of "...stuff that doesnt belong on a public forum" didnt you get?



(sarcasm)
(kidding)
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Inflation and market performance Rich_by_the_Bay FIRECalc support 6 07-08-2006 06:56 AM
Panama Inflation Arif FIRE and Money 7 04-19-2006 08:39 AM
Go with TIPs or am I crazy? Mister Bill FIRE and Money 147 06-14-2005 10:25 AM
Invisible Inflation cute fuzzy bunny FIRE and Money 6 05-24-2004 10:04 AM
Retiree Inflation Rate? mccl FIRE and Money 4 05-13-2004 08:51 AM

 

 
All times are GMT -6. The time now is 04:24 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.