Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Chispas who wrote (44042)	1/7/2006 12:42:25 AM
From: mishedlo	Read Replies (3) of 116555

a new house in 1959 averaged $14,900; today it's $282,300 - 1,795% inflation (+1,510% if quality-adjusted); That one it totally bullshit. Do you really want to live in the average 1959 house? How many sq feet did it have anyway? Soundproofing? electrical wiring standards, etc etc etc What about stamps? Do you want to go back to sending letters or do you want free email's? Yes there is some truth to that but the emphasis is on SOME. Does anyone know what chicken legs cost in 1959 or turkeys? Do we have 1700% inflation on chicken and turkeys and beef? I bet we do eating out. I bet not even close if one buys meat on sale and fixes it oneself. Ice cream cones certainly are outrageous. Solution: buy a gallon of ice cream keep it in the fridge and make your own. Mish

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