All you gotta do is look at the cost increases in the "things" you buy. The REAL inflation rate is closer to 10% than the BS story we get from the government and Fed.
Is very low interest rate the norm?
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All you gotta do is look at the cost increases in the "things" you buy. The REAL inflation rate is closer to 10% than the BS story we get from the government and Fed.
In the UK, TV's where getting cheaper and they included those in the calculation, so average cost per week was based upon 4 litres of milk, assorted food and 2 x 42" TV's.
No cheap stuff out of China will push prices higher.
UK Brexit 1 - 35% import tax next year.
Government/Fed notorious for "measuring inflation" with an index of "fluid" components.. to make inflation look lower than it is... electronics, cars... whatever else with declining costs over time.... and substitutions, like "If you substitute hot dogs for steak, the cost of MEAT isn't rising".... sort of thing.
(I had a cousin who was a junior bank executive that got brain cancer. In his final months, the ran up a bill of >$100k on his credit cards.... partying and buying "rounds for the house". When I asked him about that, the said, "Fuck 'em! Credit card banks have lots of money." Where do you go from there?)
Bottom Line... debt ALWAYS gets accounted for. Often, it's a loss absorbed by somebody other than he who spent the money. Nothing righteous in that.
Found the boomer. Say @Scataphagos how many kneepads and lube do you go through while worshiping your morality dildo?
Turkey... I took this from Wikipedia..
The following are based on yearly averages:
- 1960s – 1 U.S. dollar = 9 Turkish lira
- 1970 – 1 U.S. dollar = 11.3 Turkish lira
- 1975 – 1 U.S. dollar = 14.4 Turkish lira
- 1980 – 1 U.S. dollar = 80 Turkish lira
- 1985 – 1 U.S. dollar = 500 Turkish lira
- 1990 – 1 U.S. dollar = 2,500 Turkish lira
- 1995 – 1 U.S. dollar = 43,000 Turkish lira
- 2000 – 1 U.S. dollar = 620,000 Turkish lira
- 2005 – 1 U.S. dollar = 1,350,000 Turkish lira[7][8]
[/QUOTE]
From this chart, the exchange rate was devalued to 1.35:1 vs USD in 2005. Today it's 6.05:1.
The Turkish government has deficit spent/inflated the currency to lose another ~80% of its value since the last devaluation*.
Unfortunately, that's what governments do.
*presuming, of course that there wasn't yet another devaluation since 2005
It's going to run and run and run... until the entire financial system collapses and is forced to reset... bankrupting nearly everyone.
Have a nice day.
It's like America is doing a slow motion "Thelma & Louise".. and we just can't help ourselves but to drive off the cliff.
Yeah I don't know where they get this BS from.
Now granted one can go into Krogers and get chicken leg-quarters on sale for about the same damn price they were decades ago... $0.48/lb
But take a look at people's #1 expense. And this is Fed data!
There's a 50%+ increase since 2010 alone. $210K to $324K
wtf?
As I've said many times here... you Millennial's would be smart to gtfo of the stock market and start buying as much multi-family real-estate as you can possibly accumulate if you want to retire young with a lifetime of steady income. Yeah it has its headaches too, but nothing worthwhile is easy.
