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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (71919)10/13/2006 2:34:36 PM
From: benwood  Read Replies (1) of 110194
 
Having our currency fade away has help mask the systemic problems for a while. Thanks to the technological revolution (e.g. cheaper electronics and more reliable cars) and imported deflation from Asia, prices at home have only risen modestly compared to how much more it costs to travel abroad, something only a fairly small segment of the US notices. The credit bubble of course allows people to pretend not to notice, so long as they don't open their savings account statements.

When Asian no longer imports a chunk of our inflation, reality will really bite our pocketbooks in the US, and hard.

For other category items, I've been amazed at the price increases. The State of Washington wants to *cap* tuition increases to no more than 7% per year for the next so-many years. I have older cars and just had some repairs done recently on both -- I'm stunned at the increase expense for parts and labor compared to even three years ago, perhaps 40%.
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