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Politics : Ask Michael Burke

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To: Broken_Clock who wrote (112083)	3/11/2008 3:55:28 PM
From: TimF	Read Replies (1) of 132070

Yes housing prices are going down, but prices for most things are going up. As for the fed I think its being too easy with money right now, esp. when combined with various stimulus package ideas that have either been passed or are still being discussed. My first real job had a pension, full medical and paid $6.50 hour. I bought a home, two cars, had a child and still saved money. In that town you can't do that on $30 an hour today. Exactly, there has been a lot of inflation since then. My first job paid three something an hour. My first real job? Well I guess it depends on how you define real. It might be $5/hour, $7.50/hour, or in the low twenties per year (or around $11/hour). So I've also experienced a lot of inflation. You can't have deflation w/o inflation. Deflation is the opposite of inflation. If you had deflation from the time that you bought a house and two cars with a $6.50/hour job than you would be able to do that now with less than $6.50/hour. (But it might be hard to find one of those $3/hour jobs that you would need.)

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