Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: GuinnessGuy who wrote (39087)	10/12/2005 8:24:31 PM
From: mishedlo	Read Replies (3) \| Respond to of 116555

I've seen steaks going for $35/lb in one high end store. Just a few years ago the high end cuts were maybe $14.99/lb. What kind of idiot shops in a high end store? I just bought "Ranch Reserve" choice cuts T-Bones at $4.49 at Domicks Anyone paying $35 lb for steaks is simply making too much money. I also bought chicken legs at .69 lb I also bought chicken breasts at .99 lb. Pork chops at $2.49 a lb CENTER CUT with hardly any fat. Now, if you want to bitch about those prices be my guest. Then again if you shop at places that charge $35 lb then you have too much money. Please send me some. I can use it. I apolgize for that rant but seriously I have NO sympathy foir anyone shopping where steaks are $35 lb. Food is an absolute bargain I know. I worked in a grocery store for many many years in high schoold and college. I remember prioces vividly. Whole chickens back then were .29 a lb. On sale now you can find them for .69 lb. BTW back then was 1971! Is chicken a bargain or what? Remember this add? "Pepsi cola value pack puts the nickel servicng back every serving that you poour costs a nickel not a penny more" . Pepsi in 1971 was .99 ON sale only, regulary $1.79 for an 8 pack. Bottles were WAY cheaper than cans back then. A six pack of cans was $1.49. Well guess what? I can (on sale) get a six pack of for about $2.00. Care to annulalize that inflation over 35 years for me? I can get a 30 pack of miller lite beer for $12 at Jewell. Heck that is probably a decrease in price. Round steak. I remember this price vividly. .99 (and that was ON SALE) not the regular price. On sale I just bought eye of round roast for $1.99. Round steak on sale is $1.79 on occasion. Care to annualize that inflation for me? Now as I said, if you have enough money to be able to buy (or ebven SHOP) at places charging $35/lb for steak, you have too much money dude. Mish Mish

To: GuinnessGuy who wrote (39087)	10/13/2005 6:19:06 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 116555

"And then there is the plumber who is charging $87/hour. His excuse was that his truck used for the business cost him a whopping $40K. I countered that I have a friend with a PhD in physics(how much did that cost?) who, as a senior software architect, makes something less than he does. Quite a bit, in fact, although he's well paid." So I recon you have to ask yourself which is more important and has more value, correcting a software glitch in your programming, or standing ankle deep in sh*t..For me, I know which has the higher value<g> DD