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: regli who wrote (49394)	4/8/2006 1:37:33 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Such arguing is endless. Even I cringe at "trim" representing real improvements in quality. That said, I look at my own Hyundai Elantra that I bought for $10,500 and I got one hell of a car for that price. I paid more in actual terms for a Toyota Corolla some 20 years ago! In real inflation adjusted terms I have no idea what the cost differential is. Furthermore, the difference in quality I would say is enormous. There is nothing I can point to in particular except perhaps the warranty, dual air bags, antilock brakes, fold down seats, and audio components. The Warranty alone shows Hyundai is standing behind their cars big time. On a different subject, boneless round steak was on sale at Dominicks (safeway) for $1.59/lb yesterday. Do you have any freaking idea what a good deal that is? In 1968 when I worked at a grocery store in Danville (Scott Ladd Foods - Kmart Foods) Round Steak was .99/lb and the store was losing money on it at that price. It was a sale price so I am comparing sale price to sale price. Now, some people may not like round steak but what about ground round? I had them grind it up (at no charge) so I got ground round for $1.59/lb. I routinely pay .69/lb for chicken legs (on sale). Boneless skinless chicken breasts were $1.49/lb last week. Cripes, do you have any idea how good a deal that is? Anyway, someone paying $40,000 or whatever for an SUV gets little sympathy from me. You can get one hell of a good car for $18,000. Heck I got a fantastic car for $10,500. Yet, I understand what you are saying. I am hard pressed to believe the fluff in that govt report. It is of course why I say measuring prices is a fool's game. How much did money supply increase in the last 6 years? That is what should be measured. Mish