Some quick spot statistics, to remind some of us that things are not as rosy as one might wish.
Item: USA per-household net wealth = $70K; net share of total unfunded Federal liabilities = $500K. (Source: The Daily Reckoning)
Item: Year-over-year USA inflation = 26.1% ("all items"); food = 58.7%; crude oil = 99% (Source: The Economist commodity-price index | Economist.com )
You can dither about hedonics, statistics, etc., but the bottom line is that things are a lot worse than the government wishes you to believe. Plan your futures accordingly (whatever the hell that means!!!)
Item: USA per-household net wealth = $70K; net share of total unfunded Federal liabilities = $500K. (Source: The Daily Reckoning)
Item: Year-over-year USA inflation = 26.1% ("all items"); food = 58.7%; crude oil = 99% (Source: The Economist commodity-price index | Economist.com )
You can dither about hedonics, statistics, etc., but the bottom line is that things are a lot worse than the government wishes you to believe. Plan your futures accordingly (whatever the hell that means!!!)