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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 411.50+0.6%4:00 PM EST
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To: elmatador who wrote (79689)9/16/2011 5:30:45 AM
From: THE ANT1 Recommendation  Read Replies (4) of 219128
 
Elmat,I know all complain about their being no real wage growth in 20 years and the like but I do not think that true(even at the bottom of our coming fall I dont think it will be true).I just saw a Susuki electric piano on sale at Costco for $1500 and 15 years ago a less sophisticated model was $3500.My dad as a mid level government worker in the 60's spent almost a year saving money to buy a 12 foot aluminum boat with a 5 hp engine.How many of our cars were in the shop every 3 months for a tune up and only lasted 100K miles.The price of air fare to Brazil is the same as 1981.Houses have only gone up with inflation in 100 years.The human economic condition is improving via deflation relative to wages in most areas from what I can see.Yes medical cost are high (I would cut about 50% of all medicare costs if I was in power) but in many areas such as child leucemia people survive today who would not have 30 years ago.As an economist at heart I am saddened by what could have been.If the Fed had said in 1981 that they would target interest rates at any level to maintain Credit/GDP at 150%(not let it go to 390%)GDP growth would have been 1% higher a year over 30 years with no NASDQ bubble,no housing bubble no bond bubble and we would have been as wealthy in 2007 as we thought we were.Banks and finance would be only 3% of GDP and money would have gone to the developing world sooner
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