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

To: bond_bubble who wrote (59067)	4/22/2006 4:39:46 AM
From: shades	Respond to of 110194

CPI BLS - as much as I hate ahahah - he makes some very good points about all that sillyness. But overall the deflation was a max of 15% in 2 years. 50% is not correct He said 50% in food and that assets didn't fall all that much (elroy and his grandmas 80% haircut was not the broad national market) - the price of feeding chickens was more than the profit you could make on eggs: devenezia.com The chickens began to lay eggs, thus producing an abundance of eggs, but we could not sell them. We could not get the price that would cover the cost of feed. The price of eggs had dropped very low and the feed was still high. Because overall CPI as it was measured didn't fall 50% you want to tell me that eggs couldn't fall 50% or more? I thought you were more sophisticated than that. Look go read that post I made to you about schumpeter and rothbard - gubbments lie - even Cramer says companies lie - its the american way. - unless BLS has revised the data. Haha - many times probably. Also, the gold revaluation must have caused inflation in US that is another reason why the Fed might have allowed the Banks to go under in 1932!! It is going to be exactly same now when the currency devalues!! Chromatic shows that inflation was 7%+ - that helped to keep asset prices from collapsing to much relative to the downward pressures - Bernanke has said if we had revved up the printing presses sooner back them instead of letting the banks fail - things would not have gotten so bad. You may make NEW mistakes - but sometimes you only have to hit your thumb with the hammer one time before you never make that mistake again. You can inflate until the currency is no longer accepted eh? How long before you think you drive up to mcdonalds and they wont take a dollar? I dont feel any sense of sudden urgency that I wont be able to buy mcdonalds hamburgers with dollars - perhaps in time though. siainvestor.com Here is a visual for you - notice between the 1920 and 1930 representations the amount of eggs you can buy with a dollar almost doubles - in turn meaning that yes ESSENTIALS went down a lot - some more than others - but you say this is IMPOSSIBLE! You didn't read what chromatic told you to read did you? kpcnews.net n 1927 baked ham cost 30 cents per eight- to 12-pound slabs, averaging each pound at about 3 cents. In 1940 baked ham sold for 23 cents per pound. In 1960 baked ham was 39 cents per pound for a shank portion. A whole or butt portion was 49 cents per pound. A 1980 pound of baked ham cost $1.19. Now a baked ham costs about $3.59 per pound. Milk in 1927 was 25 cents for three tall cans, averaging 8 cents per can. In 1940 six tall cans cost 35 cents, or 6 cents each. Six tall cans of evaporated milk cost 79 cents in 1960, making each can about 13 cents each. In 1980 a gallon of milk sold for $1.69. Today a gallon of milk costs $2.49. Eggs in 1927 cost 24 cents per dozen. A dozen eggs in 1940 cost 27 cents per dozen. In 1960 a dozen eggs cost 42 cents. In 1980 a dozen eggs cost 69 cents. Today a dozen large eggs costs 89 cents. A 24-ounce loaf of wrapped split bread sold for 9 cents in 1927. In 1940 three 1.5-pounds of Ives bread cost 25 cents. In 1960 two 1.25-pound loaves cost 41 cents. Three 16-ounce loaves of bread cost 89 cents in 1980. Today a single 16-ounce loaf costs 69 cents. Refrigerators in 1927 cost $195. In 1940 an all-porcelain refrigerator cost $157.75. A General Electric refrigerator/freezer sold for $288.88 with trade in 1960. In 1980 a 19.0-cubic-foot frostless refrigerator was $499.95. Now a 25.2-cubic-foot refrigerator with an ice crusher and water dispenser costs around $998.99.