SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GraceZ who wrote (51014)1/23/2006 4:59:31 PM
From: Mike Johnston  Read Replies (2) of 110194
 
would never say that there is no inflation, I would say that prices for what I buy (which is fairly representative of what all other Americans are buying) are rising slower than the prices paid for my labor.

This statement might only apply to you, because the statistics show that wages are not keeping up with inflation.

because various other needs become smaller in relation to income.

A lot of needs are recently getting bigger in relation to income (see above): housing, health care, education etc.

A big flaw in your analysis is failure to consider that not all income is derived from labor.

While a guy that works at Goldman Sachs might be getting 50% raise this year , for him even a 10% inflation rate is not an issue. At the same time a retiree living off his savings will lose most of it in a few short years at inflation rate this high.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News