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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (96791)7/21/2002 10:12:16 PM
From: KyrosL  Read Replies (1) | Respond to of 99280
 
<<Conservatively estimating the U.S. dollar purchasing power within it's own borders is 50% less than in 1982.>>

The official US CPI inflation figures show just about the same. According to the inflation calculator below, which is based on official CPI figures, what cost $100 in 1982 cost $187 in 2001 (and $191 in 2002 assuming 2% inflation.)

westegg.com

Kyros



To: LTK007 who wrote (96791)7/21/2002 10:23:57 PM
From: BGR  Read Replies (1) | Respond to of 99280
 
50% inflation in 20 years translates to about 2% inflation per year, right? Scary, I am buying gold!



To: LTK007 who wrote (96791)7/21/2002 11:50:13 PM
From: Softechie  Read Replies (1) | Respond to of 99280
 
Not to have inflation, housing has to come down or interest rate stay down low for years...Inflation and interest rate will go up based on history...


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