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StovePipe
medicine forum Guru
Joined: 25 Mar 2005
Posts: 762
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 Posted: Sat May 14, 2005 3:13 am Post subject:
Re: Subject: 1975 vs. 2005
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Vaughn <vaughnsimonHATESSPAM@att.fake.net> wrote:
| Quote: | "StovePipe" <stove99pipeTRA@SHHyahoo.ca> wrote in message
news:1gwd2ui.lu1wao1rj6x1N%stove99pipeTRA@SHHyahoo.ca...
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Sorry to take so long to answer... I've been managing the Wrold for
youse..
| Quote: |
Go onto eBay in the USA and order goods or service that comes from
Kanada or Mexico; vitrually _no_ taxes or excise, certainly not a
significant amount. I know this because I have relations that are
That must really complicate life!
Well.... It sure as Hell has me wondering what 'Free Trade' is supposed |
to mean... and just _who_ has access to 'Free Trade'.
| Quote: |
George W. fixes a lot of stuff to your own favor... And now your
politicians are bitching because China, Taiwan and Korea are doing the
same to you all and the rest of the world.... [Get a cheap short wave
radio and listen to Radio Taiwan to see how the world sees the future of
the USA]...
Us USA'ns (myself included) don't do enough of that. You don't need a
short wave radio any more, just read the Internet to read the English editions
of the world's newspapers.
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I believe that the internet has become the foremost propaganda tool of
many different countries and industries. As such, the spotlight has
turned even further away from shortwave broadcasts, and so it can be
more of a service for those who are interested, as opposed to one for
those who must know what is going on elsewhere. The content has changed
from when you may have listened to, say, 'Radio Free Prague' as a
youngster. ('Bet you know _all_ about how to run a potatoe farm).
In fact that reminds me: you are living just south enough in the USA to
be able to (just perhaps) grab some of the digital radio programs off of
the AmeriStar satellite. These are beamed at South America, and there
are other satellites that beam programs to Afrika and Asia. All this is
under the umbrella of the WorldSpace broadcasting system, started by a
Nigerian born and USA educated lawyer. Allot of the big world political
stars are also backing them. Stevie Wonder is one of their biggest
supporters, as his way of helping to sort Afrika out. The beauty of this
system is that it is digital and the receivers are cheap as dirt. You
can be listening to Australia, say, while toting a walkman sized radio
on your belt. Sure you can read the Web, but it is not the same, and the
radio is often un-edited (read: sometimes you hear the TRUTH).
IIRC, you can get them through their website at:
http://www.wrn.org
Another thing you can do is plug WorldSpace into Goooogle Groups and
some of the more serious radio groups will fall out. You can ask them if
anybody in South Dade has been able to cop those waves on a digital
receiver or not. They would be able to tell you also just what the
content is on WorldSpace (you have upwards of 40 channels).
Lest you think that I'm only down on all of youse, that is not true:
when younger and in school in Europe, we quickly learned NOT to travel
with Kanadian flags on our bags. When Kanadians were within earshot, I
was careful to keep my mouth shut, lest I be associated with them. When
working in an Irish Pub in Montreal, I saw the exact same mentality in
German and Japaneese and British tourist groups. It happens to all of
us... it is a form of xenophobia even amoungst those who try to keep
open minds. BION, one of the best describers of this mentality that I
have ever seen is GB Trudeau (Doonsbury) in his cartoon chronicling of
the Viet Nam war years. Some of those anthologies should be studied at
the University Foreign Affairs level.
.....???? ! ! ! ....I'm sorry: What was the question again?........
| Quote: |
'Scuse me but I have to go find a plastic lid for this here newly opened
can o' worms.
the Pipe sticks his head out the back to see if the missiles are
flying....Sadly, there is only Kanada Geeese flyin' the wrong way...
Which is OH so typically Kanadian.... 'specially if they stop every so
often to ask how much things cost
.............. sigh .......................
Thanks for my morning laugh.
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I find it pathetic.... and now, the country is again in real danger of
falling apart due to some assholes who went too far in patronage
mongering...
| Quote: |
................... Il faudrait leur dire .....
There you go with that unamerican lingo again.
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You're right, but I can't speak Mohawk, Arapaho, Cree or Inuit...
Neither can many of their own children.
| Quote: |
Vaughn
....  ;-)
SP
--
Finally: take out the TRASHH.... and a lot of it IS just that... |
--
Finally: take out the TRASHH |
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Vaughn Simon
medicine forum addict
Joined: 03 May 2005
Posts: 75
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| Posted: Tue May 17, 2005 11:47 am Post subject:
Re: Subject: 1975 vs. 2005
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"W_B" <no_one@nowhere.net> wrote in message
news:r3dv71554t0mpatpuev1to5shdnrcfo984@4ax.com...
| Quote: |
Inflation is almost non existent right now.
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Don't miss today's business news WB. Just go to Google news and search
on "Producer price Index".
For example: from http://news.google.com/nwshp?hl=en&gl=us
"The latest Producer Price Index figures from the Labor Department are
seen as fresh evidence that inflation is marching ahead now that the economy
is on solid footing." [sic] "The increase follows a seven-tenths percent
increase the month before."
"If the volatile food and energy categories are stripped out, ``core''
wholesale prices were up three-tenths percent -- up from a one-tenth percent
advance in March."
"It's likely these latest numbers suggest Federal Reserve Chairman
Alan Greenspan and his colleagues will continue to push up short-term
interest rates for much of this year to combat inflation."
Vaughn |
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W_B
medicine forum Guru
Joined: 24 Mar 2005
Posts: 2715
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| Posted: Tue May 17, 2005 2:47 pm Post subject:
Re: Subject: 1975 vs. 2005
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On Tue, 17 May 2005 13:47:52 GMT, "Vaughn Simon" <vaughnsimonHATESSPAM@att.net> wrote:
| Quote: |
"W_B" <no_one@nowhere.net> wrote in message
news:r3dv71554t0mpatpuev1to5shdnrcfo984@4ax.com...
Inflation is almost non existent right now.
Don't miss today's business news WB. Just go to Google news and search
on "Producer price Index".
For example: from http://news.google.com/nwshp?hl=en&gl=us
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It's loading now. Damn dial up.
| Quote: |
"The latest Producer Price Index figures from the Labor Department are
seen as fresh evidence that inflation is marching ahead now that the economy
is on solid footing." [sic] "The increase follows a seven-tenths percent
increase the month before."
I liked the economic news from last week. |
270K new jobs. Previous figure upgraded 90K.
3.1 million new jobs in 24 months
5.2% unemployment
(5.1% is considered full employment)
| Quote: |
"If the volatile food and energy categories are stripped out, ``core''
wholesale prices were up three-tenths percent -- up from a one-tenth percent
advance in March."
That's still hardly double digit inflation, in fact it is not even single digit. |
The danger a while back was deflation, which is devastating to
any economy.
| Quote: |
"It's likely these latest numbers suggest Federal Reserve Chairman
Alan Greenspan and his colleagues will continue to push up short-term
interest rates for much of this year to combat inflation."
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And get a better return on bonds and mm funds.
--
W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com |
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Vaughn
medicine forum Guru Wannabe
Joined: 30 Apr 2005
Posts: 271
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| Posted: Tue May 17, 2005 7:52 pm Post subject:
Re: Subject: 1975 vs. 2005
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"W_B" <no_one@nowhere.net> wrote in message
news:3l8k81hlprggf2i1dhao1ngv92uga911da@4ax.com...
| Quote: | On Tue, 17 May 2005 13:47:52 GMT, "Vaughn Simon"
vaughnsimonHATESSPAM@att.net> wrote:
That's still hardly double digit inflation, in fact it is not even single
digit.
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Huh? You have to be careful to distinguish between annualized and monthy
figures. The PPI has risen 1.3% in the last 60 days. That annualizes to a rate
of 7.8%. Not double-digit yet, but not that far from it.
From the BLS: http://www.bls.gov/news.release/ppi.nr0.htm
"The Producer Price Index for Finished Goods advanced 0.6 percent in
April, seasonally adjusted, the Bureau of Labor Statistics of the U.S.
Department of Labor reported today. This increase followed a 0.7-percent
rise in March and a 0.4-percent gain in February. At the earlier stages of
processing, prices received by manufacturers of intermediate goods climbed
0.8 percent, after advancing 1.0 percent in the previous month, while the
crude goods index moved up 2.7 percent, following a 4.3-percent rise in
March. (See table A.)"
"Among finished goods, much of April's increase was due to a 2.1-
percent advance in the energy goods index. Excluding prices for energy
goods, the finished goods index inched up 0.1 percent. The indexes for
finished consumer goods other than foods and energy, capital equipment, and
finished consumer foods also increased in April--rising 0.2, 0.2, and 0.1
percent, respectively. Excluding prices for foods and energy, the index
for finished goods increased 0.3 percent in April, compared with a 0.1-
percent gain in the prior month."
| Quote: | The danger a while back was deflation, which is devastating to
any economy.
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That was then, this is now. You are correct, deflation is bad for the
econony, as is inflation. That said; at this stage of my life deflation is the
least of my worries. It would increase the value of the pension that I can
start drawing any time I wish, and increase the value of my savings. The value
of my home might drop through the toilet, but I happen to live here and it is
not for sale anyhow.
| Quote: |
And get a better return on bonds and mm funds.
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Yes, but not enough to make up for inflation.
Vaughn |
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W_B
medicine forum Guru
Joined: 24 Mar 2005
Posts: 2715
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| Posted: Wed May 18, 2005 2:14 pm Post subject:
Re: Subject: 1975 vs. 2005
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On Tue, 17 May 2005 21:52:43 GMT, "Vaughn" <vaughnsimonHATESSPAM@att.fake.net> wrote:
| Quote: | You are correct, deflation is bad for the
econony, as is inflation. That said; at this stage of my life deflation is the
least of my worries. It would increase the value of the pension that I can
start drawing any time I wish, and increase the value of my savings. The value
of my home might drop through the toilet, but I happen to live here and it is
not for sale anyhow.
OK since we agree that deflation is bad, and |
I think you would agree that prices will not remain
flat for any appreciable ammount of time.
That leaves us with keeping inflation to an acceptable
minimum level. Which is something that Greenspan tries to do.
He also hiked the fed rate too quickly an put the economy
into recession starting in about 1998.
It is rather difficult to turn the Queen Mary as you know.
Which brings us to your pension, which I believe is your
main concern. The value of which will diminish with time.
There is the inflation adjusted government bond which
you may wish to consider.
| Quote: |
And get a better return on bonds and mm funds.
Yes, but not enough to make up for inflation.
|
Then AAA rated corporate bonds may be a better bet
for a 'fixed income' investor.
Or as alluded to above the 'inflation adjusted' govt bonds.
--
W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com |
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Vaughn Simon
medicine forum addict
Joined: 03 May 2005
Posts: 75
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| Posted: Wed May 18, 2005 2:29 pm Post subject:
Re: Subject: 1975 vs. 2005
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"W_B" <no_one@nowhere.net> wrote in message
news:voqm815jl5d1imj9mdogqcc3e0qji1jcrl@4ax.com...
| Quote: | On Tue, 17 May 2005 21:52:43 GMT, "Vaughn"
vaughnsimonHATESSPAM@att.fake.net> wrote:
You are correct, deflation is bad for the
econony, as is inflation. That said; at this stage of my life deflation
is the
least of my worries. It would increase the value of the pension that I
can
start drawing any time I wish, and increase the value of my savings. The
value
of my home might drop through the toilet, but I happen to live here and
it is
not for sale anyhow.
OK since we agree that deflation is bad, and
I think you would agree that prices will not remain
flat for any appreciable ammount of time.
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Given the path of the current administration, prices will certainly not
remain flat. I would rather see "tax and spend" than the current "spend
only" policy. That is also the way I run my own financial life btw.
Vaughn |
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W_B
medicine forum Guru
Joined: 24 Mar 2005
Posts: 2715
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| Posted: Wed May 18, 2005 2:35 pm Post subject:
Re: Subject: 1975 vs. 2005
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On Wed, 18 May 2005 16:29:37 GMT, "Vaughn Simon" <vaughnsimonHATESSPAM@att.net> wrote:
| Quote: | I think you would agree that prices will not remain
flat for any appreciable ammount of time.
Given the path of the current administration, prices will certainly not
remain flat. I would rather see "tax and spend" than the current "spend
only" policy. That is also the way I run my own financial life btw.
Vaughn
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Which one ? Spend only ?
I earn and spend, spending less that what I earn.
If only the government would do that.
--
W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com |
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Vaughn Simon
medicine forum addict
Joined: 03 May 2005
Posts: 75
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| Posted: Wed May 18, 2005 4:58 pm Post subject:
Re: Subject: 1975 vs. 2005
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"W_B" <no_one@nowhere.net> wrote in message
news:acsm815ht90i3tl259iquq2qgse46pn9np@4ax.com...
| Quote: | On Wed, 18 May 2005 16:29:37 GMT, "Vaughn Simon"
vaughnsimonHATESSPAM@att.net> wrote:
I think you would agree that prices will not remain
flat for any appreciable ammount of time.
Given the path of the current administration, prices will certainly
not
remain flat. I would rather see "tax and spend" than the current "spend
only" policy. That is also the way I run my own financial life btw.
Vaughn
Which one ? Spend only ?
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I think you know which. You (or the government) can get away with
"spend only" for a finite time only.
| Quote: |
I earn and spend, spending less that what I earn.
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Me too; don't even have a mortgage, seldom carry a credit card balance.
(ain't rich, but I would rather keep the money for myself than give it to
the bankers)
| Quote: | If only the government would do that.
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Finally we agree!
Vaughn |
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W_B
medicine forum Guru
Joined: 24 Mar 2005
Posts: 2715
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| Posted: Wed May 18, 2005 5:18 pm Post subject:
Re: Subject: 1975 vs. 2005
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On Wed, 18 May 2005 18:58:25 GMT, "Vaughn Simon" <vaughnsimonHATESSPAM@att.net> wrote:
| Quote: | I earn and spend, spending less that what I earn.
Me too; don't even have a mortgage, seldom carry a credit card balance.
(ain't rich, but I would rather keep the money for myself than give it to
the bankers)
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Same here, the house is paid off, which allowed a land purchase.
The only other notes are autos (one will be paid in 2 mos the other
in 32 mos).
Don't even have MC/Visa/Disc cards, carry AmEx (no interest)
| Quote: |
If only the government would do that.
Finally we agree!
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Yes ! We do !
But will it ever happen ?
--
W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com |
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