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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Smart_Money who wrote (96759)7/21/2002 10:00:42 PM
From: LTK007  Read Replies (3) of 99280
 
Inflation is here, and i feel public is slowly beginning to connect the dots between the the there is no inflation BS from Government and the realities one is confronted with in bills. I personally don't have a clue how they weave around or smooth out health care, insurance premiums, costs of education.
Conservatively estimating the U.S. dollar purchasing power within it's own borders is 50% less than in 1982. If that isn't stealth inflation i don't know what is? (New topic ahead:) But given that the average wage in the REAL WORLD is about 2 dollars a day, the fact is, the luck of where we were born is a blessing still, for those of us living above what they term "the poverty line",anyway. Hard fact, other than having bad health, nothing is worse than being poor in this world.And that includes what? Over 50%? So this leads to this supposition, as Americans start fearing poverty more than fearing not being rich, consumer spending will start heading down,imo. Max p.s. literally nothing in world is worse than being poor and having also bad health.
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