Elroy, I enjoy your posts on this board,
But I find it difficult to believe when someone talks about deflation. My personal experience is totally different. Rent, medical insurance, disability insurance, entertainment (movie, restaurant etc..), service fees (accountant, car mechanic etc...) constitute 75+% of my monthly expenses. I see my expenses going up, up, up only...
The only place where I see no inflation, is apparel, some basic electronics products like DVD, that is pittance in the big picture... Also IMO, when it comes to PC etc, if you include the money stolen via options ponzi scheme, (thanks to dumb fund managers) there is no deflation at all, may be inflation is there too...
I live in Fairfield county, CT. Rents are up at least 50-60% in the last five years. The only difference is, this year they are almost flat, instead of an increase of 5-15%, that too only as of today... |
