You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Prices et al...man is it just me?
- Thread starter bamaranger
- Start date
- Status
- Not open for further replies.
No, it's really not.
If it was even marginally as inflationary as all the scary talk about it says it is, we'd have been running double digit inflation for several year now.
Why is core inflation still below the published Fed target of 2%? Because QE isn't really inflationary, but it has so far prevented deflation, which would be a lot worse.
If it was even marginally as inflationary as all the scary talk about it says it is, we'd have been running double digit inflation for several year now.
Why is core inflation still below the published Fed target of 2%? Because QE isn't really inflationary, but it has so far prevented deflation, which would be a lot worse.
Many people on this thread are looking at the supply of money without looking at the velocity of money. Monetary inflation does not necessarily cause a corresponding rise in the cost of goods and services. If the velocity of money is low so is the rise in price inflation. Banks are not lending. The velocity of money is low, probably too low.
Yep, the Fed does get interest from the long term bonds it buys. However, when the bonds expire, it's done. The treasury auctions more bonds to replace the expired bonds. As QE winds down, the Fed will not be buying them. Prior to QE the Fed had always manipulated interest rates with short term bond purchases. The money was on the balance sheet for only a few months.
We are not seeing a devaluation of the US Dollar against an aggregate of foreign currencies. The Dollar Index was bouncing between 80 and 84 in 2004 and it bounced between 80 and 84 in the last year.
Energy and food prices are not being influenced by QE significantly. Energy costs are mostly being influenced by a fast growing middle class in Asia. Too many people chasing too few resources. We have enough oil to last a century. Most of it is in shale and sand. It's much more expensive to extract. Cheap oil is much less plentiful.
Food costs are higher due to energy costs and higher demand.
Yep, the Fed does get interest from the long term bonds it buys. However, when the bonds expire, it's done. The treasury auctions more bonds to replace the expired bonds. As QE winds down, the Fed will not be buying them. Prior to QE the Fed had always manipulated interest rates with short term bond purchases. The money was on the balance sheet for only a few months.
We are not seeing a devaluation of the US Dollar against an aggregate of foreign currencies. The Dollar Index was bouncing between 80 and 84 in 2004 and it bounced between 80 and 84 in the last year.
Energy and food prices are not being influenced by QE significantly. Energy costs are mostly being influenced by a fast growing middle class in Asia. Too many people chasing too few resources. We have enough oil to last a century. Most of it is in shale and sand. It's much more expensive to extract. Cheap oil is much less plentiful.
Food costs are higher due to energy costs and higher demand.
I've always wondered if there was a theoretical danger of pricing a people out of a constitutional right?
There is sure as hell a way to legally TAX a people out of a Constitutional right.
bamaranger
New member
wow
Well, guess I kicked the proverbial ant hill.
All I know is that my cost to shoot/hunt has skyrocketed. When the boy and I shoot a 3 gun match, even with him helping with cost, its expensive. And .30 cal match slugs...nearly $40.00/100! Just projectiles. (keep trying to get in on a drop shipment, but the timing is never right). Seriously considering either dropping IDPA or 3 gun, and only shooting in one league. Quit F-t/r after just a few years, as the total cost to a match (ammo, match fee, room/board, gas to and from, at least one day off work, sometimes two) was just more than I could rationalize.
Somebody might pay for a rifle, what I payed for my last used vehicle, but I won't. Africa....are you kiddin' me? I can't afford to hunt two counties south.
I quit hunting spring gobblers in the next zone south, about 150 miles round trip, cause gas price down and back for 2-3 days a week , With gas over $3.00 a gallon was prohibitive.
My hunt club dues have doubled...have threatened to get out for the past couple of years.
I've got a good job, by local standards especially. I"m reasonably frugal...my "new" car is 13 yrs old, my hunting rig, the old Bronco, is 29 years old. My house is modest.
I do have nice collection of working class guns. But I can hardly afford to use or feed them anymore.
Well, guess I kicked the proverbial ant hill.
All I know is that my cost to shoot/hunt has skyrocketed. When the boy and I shoot a 3 gun match, even with him helping with cost, its expensive. And .30 cal match slugs...nearly $40.00/100! Just projectiles. (keep trying to get in on a drop shipment, but the timing is never right). Seriously considering either dropping IDPA or 3 gun, and only shooting in one league. Quit F-t/r after just a few years, as the total cost to a match (ammo, match fee, room/board, gas to and from, at least one day off work, sometimes two) was just more than I could rationalize.
Somebody might pay for a rifle, what I payed for my last used vehicle, but I won't. Africa....are you kiddin' me? I can't afford to hunt two counties south.
I quit hunting spring gobblers in the next zone south, about 150 miles round trip, cause gas price down and back for 2-3 days a week , With gas over $3.00 a gallon was prohibitive.
My hunt club dues have doubled...have threatened to get out for the past couple of years.
I've got a good job, by local standards especially. I"m reasonably frugal...my "new" car is 13 yrs old, my hunting rig, the old Bronco, is 29 years old. My house is modest.
I do have nice collection of working class guns. But I can hardly afford to use or feed them anymore.
Well two massive gun/ammo panics inside 4 years will do that. It will take a few years for the supply chain to recover.
Gas will stay where it is. Adjusted for inflation, it is where it was in 1965. The problem is falling wages.
There is a glut of highly skilled and highly educated labor in India, all English speaking. There is also a glut of cheap slave labor in the rest of Asia. All of this is putting huge pressure on salaries in the US. That is also lowering the US standard of living. Network infrastructure is so good that someone half a world away can replace almost any American office worker at less than a third the cost.
Gas will stay where it is. Adjusted for inflation, it is where it was in 1965. The problem is falling wages.
There is a glut of highly skilled and highly educated labor in India, all English speaking. There is also a glut of cheap slave labor in the rest of Asia. All of this is putting huge pressure on salaries in the US. That is also lowering the US standard of living. Network infrastructure is so good that someone half a world away can replace almost any American office worker at less than a third the cost.
Mike Irwin
Staff
Just now noticed this thread.
We have, and have had for nearly a year, a thread to deal specifically with observations such as this:
http://thefiringline.com/forums/showthread.php?t=521685
There has to be a single thread, otherwise there would have literally been dozens, if not hundreds, going on at the same time, all kevtching about the exact same thing.
Closed.
We have, and have had for nearly a year, a thread to deal specifically with observations such as this:
http://thefiringline.com/forums/showthread.php?t=521685
There has to be a single thread, otherwise there would have literally been dozens, if not hundreds, going on at the same time, all kevtching about the exact same thing.
Closed.
- Status
- Not open for further replies.