Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Jon Cave who wrote (58559)	1/14/2000 9:08:00 PM
From: Jacob Snyder	Read Replies (1) of 95453

Jon, OT re inflation: Yes, I look around me, and I'm gradually coming to think that the government numbers are bogus. They say there isn't any inflation, in wages or prices. I'm a doctor, and I know there is a shortage of primary care docs, and they are making 20-40K more now than 3 years ago. Same thing with nurses. Same thing with drugs and medical devices and medical supplies, they have been going up in price a lot more than the 1-2% official inflation rate. I bought a house a few months ago, so I looked into it, and housing prices have been going up 10-15%/year for a while in Anchorage. That is in spite of the fact that we've lost a lot of high-paying oil jobs recently, and the local economy isn't growing much. I bought a new car when we moved here, and payed much more than I've ever payed for a car before. Of course, it was a much nicer car, and I could easily afford it (because of my stock market gains). But the point is that my real-life experience does not match the government statistics.

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