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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (51019)	1/23/2006 5:31:49 PM
From: shades	Read Replies (1) \| Respond to of 110194

Mike give up - its our own fault for living in a fl trailer park and not making the big bucks like a goldman sachs crook. We valued honesty too much - we are getting our due.

To: Mike Johnston who wrote (51019)	1/23/2006 5:38:14 PM
From: GraceZ	Read Replies (6) \| Respond to of 110194

A 10% inflation rate would be devastating for more than the retiree, it would be devastating for the workers and savers as well. We're no where near there now. You sure as Hell wouldn't have people expending so much energy arguing whether we will enter into deflation if we were. There is a stiff deflationary wind coming out of the East. I can tell you from having lived through double digit inflation that it was not a picnic. When I graduated from college there was a double digit rate and as my husband is fond of saying, "You couldn't buy a job back then." Everything was more expensive and lousier, "new and improved" was a euphemism for "cheesier with more plastic replacing metal" unlike today where people continually marvel at how well made inexpensive goods are. Watch a movie from the 1970s if you want an idea of how crappy the cars were that the Americans were making. This statement might only apply to you, because the statistics show that wages are not keeping up with inflation. I watch the IRS income stats pretty closely as well as the surveys that the BLS does on income and spending and it conflicts with the notion that wages aren't keeping up with CPI inflation over the last ten years. What time period are you referring to when you suggest that wages aren't keeping up with inflation? Surely more compensation has come in the form of untaxed benefits but even if we simply look at wages you'll see that they've risen each and every single year in all five income quintiles as the inflation rate dropped steadily.