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#1
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Inflation and home repair
I saw a post, or two about shrinking food packages. The pound of spaghetti
is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus www.lds.org .. |
#2
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Inflation and home repair
On Jun 7, 10:18*am, "Stormin Mormon"
wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus *www.lds.org . yeah life sucks right now for everyone but he super wealthy...... everything has shrinking package sizing, just look at ice cream....... |
#3
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Inflation and home repair
On Jun 7, 7:18*am, "Stormin Mormon"
wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus *www.lds.org . Probably what you’re really noticing is that your earnings aren’t keeping-up with inflation like it used to or else you wouldn’t even care and the reason for that is because you’re competing against Chinese, Indian and South American workers. That’s what you get when politicians give big corporate CEOs free trade policy and let them run amok. |
#4
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Inflation and home repair
On Jun 7, 11:16*am, Molly Brown wrote:
On Jun 7, 7:18*am, "Stormin Mormon" wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus *www.lds.org . Probably what you’re really noticing is that your earnings aren’t keeping-up with inflation like it used to or else you wouldn’t even care and the reason for that is because you’re competing against Chinese, Indian and South American workers. That’s what you get when politicians give big corporate CEOs free trade policy and let them run amok. Of course you're ignoring the other side, which is the positive effect. Which is today you can buy many products for a lot less than you could if they were made here. That translates into people having to work less to earn the money to buy those products. I've yet to see a case where protectionism produced a better result than free markets. In fact, if you look back at a similar time, the 1930's, economists generally agree that the protectionist trade measures that were adopted made the depression worse. |
#5
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Inflation and home repair Vs Recession and Decay
BOOHOOOOO !
SOME PEOPLE CANT AFFORD OR EVEN GET SPAGHETTI OR COOKIES, PERIOD. YOU ARE DEPRESSING THE FILTHY RICH WITH YOUR CONSTANT COMPLAINING. BOOWAHAHAHAHAHA!!! REEXAMINE YOUR FAITH AND WALK IN LIFE...IS IT REALLY THAT ROUGH? STOP WHINING BEFORE THEY AIR APPARENTLY POOR CHILDREN IN FOREIGN COUNTRIES HALF NAKED & STARVED AGAIN......IT'S SO DEPRESSING !;( PAT ECUM TGITM |
#6
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Inflation and home repair
"Stormin Mormon" writes:
I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? Didn't you post a while back that you were having trouble finding work? No squeeze here but I have work when I want it. -- Dan Espen |
#7
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Inflation and home repair
On Jun 7, 11:43*am, "
wrote: On Jun 7, 11:16*am, Molly Brown wrote: On Jun 7, 7:18*am, "Stormin Mormon" wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus *www.lds.org . Probably what you’re really noticing is that your earnings aren’t keeping-up with inflation like it used to or else you wouldn’t even care and the reason for that is because you’re competing against Chinese, Indian and South American workers. That’s what you get when politicians give big corporate CEOs free trade policy and let them run amok. Of course you're ignoring the other side, which is the positive effect. *Which is today you can buy many products for a lot less than you could if they were made here. *That translates into people having to work less to earn the money to buy those products. *I've yet to see a case where protectionism produced a better result than free markets. *In fact, if you look back at a similar time, the 1930's, economists generally agree that the protectionist trade measures that were adopted made the depression worse. yep the junk chinese products are cheap. thats a good thing since most people are having trouble earning enough to live...... |
#8
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Inflation and home repair
On 06/07/12 10:18 am, Stormin Mormon wrote:
I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Even 128-ounce gallons aren't real gallons because the 8 pints of which each gallon is composed contain only 16 ounces each, There are 20 ounces to a real pint. Perce |
#9
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Inflation and home repair
On Thu, 7 Jun 2012 08:43:28 -0700 (PDT), "
wrote: On Jun 7, 11:16*am, Molly Brown wrote: On Jun 7, 7:18*am, "Stormin Mormon" wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus *www.lds.org . Probably what you’re really noticing is that your earnings aren’t keeping-up with inflation like it used to or else you wouldn’t even care and the reason for that is because you’re competing against Chinese, Indian and South American workers. That’s what you get when politicians give big corporate CEOs free trade policy and let them run amok. Of course you're ignoring the other side, which is the positive effect. Which is today you can buy many products for a lot less than you could if they were made here. That translates into people having to work less to earn the money to buy those products. I've yet to see a case where protectionism produced a better result than free markets. In fact, if you look back at a similar time, the 1930's, economists generally agree that the protectionist trade measures that were adopted made the depression worse. I don't agree tho I'm not economist. I do know that some local mfgrs here in the oil n gas business (Texas) now have clients that do NOT want products made in China or India due to inferior quality. It sounds like they are willing to pay more for the quality. |
#10
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Inflation and home repair
"Stormin Mormon" wrote in message ... I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Actually, that has happened in Canada. I still have a couple of cans with one gallon of paint, this was a Canadian gallon which was made up of four 40 ounce quarts or 160 ounces, as opposed to a US gallon made up of four 32 ounce quarts or 128 ounces. When Canada went metric, the paint companies all reduced the size to 4 liters, now they have "standardized" on a US gallon which is smaller again at 3.95 liters. It won't be long before they find a smaller size to use. By the way, the price never went down with the contents instead it went up. |
#11
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Inflation and home repair
On Jun 7, 5:02*pm, "Doug" wrote:
On Thu, 7 Jun 2012 08:43:28 -0700 (PDT), " wrote: On Jun 7, 11:16 am, Molly Brown wrote: On Jun 7, 7:18 am, "Stormin Mormon" wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus www.lds.org . Probably what you re really noticing is that your earnings aren t keeping-up with inflation like it used to or else you wouldn t even care and the reason for that is because you re competing against Chinese, Indian and South American workers. That s what you get when politicians give big corporate CEOs free trade policy and let them run amok. Of course you're ignoring the other side, which is the positive effect. *Which is today you can buy many products for a lot less than you could if they were made here. *That translates into people having to work less to earn the money to buy those products. *I've yet to see a case where protectionism produced a better result than free markets. *In fact, if you look back at a similar time, the 1930's, economists generally agree that the protectionist trade measures that were adopted made the depression worse. I don't agree tho I'm not economist. *I do know that some local mfgrs here in the oil n gas business (Texas) now have clients that do NOT want products made in China or India due to inferior quality. *It sounds like they are willing to pay more for the quality.- Hide quoted text - - Show quoted text - Then a market should exist for those products from sources other than China or India. If you believe that there is really a market for those products, then ask yourself why no company is building them here. I think when you really look into it, what most of those people really want is the superior product that lasts, etc but only costs about what the cheap one does. And a lot of the loss of manufacturing to overseas competitors wasn't a direct result of price. Look at the evolution of the US auto industry and what happened there. It wasn't that the Japanese were making cheap, junk cars. It was that they were making cars that had much better quality, less repair problems, better features, etc. I think it was Mulalley that took over as CEO at Ford that told his staff during one of his first meetings that he wanted everyone of them to drive a particular Toyota. I don't remember the model, but it was one of their top sellers. The answer was, "We don't have any". That's right. In the entire company they didn't have one of their competitors top products to even compare. Then he found out the top executives were not even driving Fords because they were being chaufered around. Not saying that unfair foreign competition doesn't exist. In some cases it does. |
#12
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Inflation and home repair
On 6/7/2012 10:18 AM, Stormin Mormon wrote:
I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus www.lds.org . I just had to roll over an IRA - 0.25% for 14 months. Could have gotten 0.4% for much longer time. Might as well spend the money now or put it under my mattress. |
#13
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Inflation and home repair
On Thu, 7 Jun 2012 14:49:10 -0700 (PDT), "
wrote: On Jun 7, 5:02*pm, "Doug" wrote: On Thu, 7 Jun 2012 08:43:28 -0700 (PDT), " wrote: On Jun 7, 11:16 am, Molly Brown wrote: On Jun 7, 7:18 am, "Stormin Mormon" wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus www.lds.org . Probably what you re really noticing is that your earnings aren t keeping-up with inflation like it used to or else you wouldn t even care and the reason for that is because you re competing against Chinese, Indian and South American workers. That s what you get when politicians give big corporate CEOs free trade policy and let them run amok. Of course you're ignoring the other side, which is the positive effect. *Which is today you can buy many products for a lot less than you could if they were made here. *That translates into people having to work less to earn the money to buy those products. *I've yet to see a case where protectionism produced a better result than free markets. *In fact, if you look back at a similar time, the 1930's, economists generally agree that the protectionist trade measures that were adopted made the depression worse. I don't agree tho I'm not economist. *I do know that some local mfgrs here in the oil n gas business (Texas) now have clients that do NOT want products made in China or India due to inferior quality. *It sounds like they are willing to pay more for the quality.- Hide quoted text - - Show quoted text - Then a market should exist for those products from sources other than China or India. If you believe that there is really a market for those products, then ask yourself why no company is building them here. I think when you really look into it, what most of those people really want is the superior product that lasts, etc but only costs about what the cheap one does. And a lot of the loss of manufacturing to overseas competitors wasn't a direct result of price. Look at the evolution of the US auto industry and what happened there. It wasn't that the Japanese were making cheap, junk cars. It was that they were making cars that had much better quality, less repair problems, better features, etc. I think it was Mulalley that took over as CEO at Ford that told his staff during one of his first meetings that he wanted everyone of them to drive a particular Toyota. I don't remember the model, but it was one of their top sellers. The answer was, "We don't have any". That's right. In the entire company they didn't have one of their competitors top products to even compare. Then he found out the top executives were not even driving Fords because they were being chaufered around. Not saying that unfair foreign competition doesn't exist. In some cases it does. Dumping *did* exist. It's interesting to note that most of the foreign auto manufacturers are now building cars here, albeit in right-to-work states and without union thuggery. |
#14
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Inflation and home repair
On Thu, 07 Jun 2012 15:36:49 -0400, "Percival P. Cassidy"
wrote: On 06/07/12 10:18 am, Stormin Mormon wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Even 128-ounce gallons aren't real gallons because the 8 pints of which each gallon is composed contain only 16 ounces each, There are 20 ounces to a real pint. That must be your SI pint. ;-) |
#15
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Inflation and home repair
On Thu, 07 Jun 2012 19:08:31 -0400, Frank
wrote: On 6/7/2012 10:18 AM, Stormin Mormon wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus www.lds.org . I just had to roll over an IRA - 0.25% for 14 months. Could have gotten 0.4% for much longer time. Might as well spend the money now or put it under my mattress. Or put it somewhere other than a bank. |
#16
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Inflation and home repair
On Jun 7, 8:43*am, "
wrote: On Jun 7, 11:16*am, Molly Brown wrote: On Jun 7, 7:18*am, "Stormin Mormon" wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus *www.lds.org . Probably what you’re really noticing is that your earnings aren’t keeping-up with inflation like it used to or else you wouldn’t even care and the reason for that is because you’re competing against Chinese, Indian and South American workers. That’s what you get when politicians give big corporate CEOs free trade policy and let them run amok. Of course you're ignoring the other side, which is the positive effect. *Which is today you can buy many products for a lot less than you could if they were made here. *That translates into people having to work less to earn the money to buy those products. *I've yet to see a case where protectionism produced a better result than free markets. *In fact, if you look back at a similar time, the 1930's, economists generally agree that the protectionist trade measures that were adopted made the depression worse. When people pay me hundreds of dollars to go around replacing their Chinese made light bulbs on their property every month it’s a positive effect for me. When people pay me to replace their leaking Chinese made flexible water heater supply connectors it’s a positive effect for me. When people pay me to replace their defective or overheating appliance circuit boards that look like the guy soldered his p…. hair on to it and solenoids because its made of shorter copper wire it’s a positive effect for me. When my spouses laptop keeps burning-out hard drives every six months and I have a three year extended warranty which is costing Vaio and BestBuy six times their profit on their laptop and very little expense to me it’s a positive effect for me. When people pay me because their a garage door opener malfunctions because an engineer (probably in India) didn’t design a washer to protect the tuggnut retaining clip from the screw of the screw drive, it’s a positive effect for me. When I call customer service for a client and get someone practicing their English in India and I have to tell my client that I need to replace the whole thing, that’s a positive effect for me. When I go to give an estimate and find that some farmer from some Latin country South of the border installed a door that was two inches narrower because he couldn’t figure-out how to install one of the right width, it’s a positive effect for me. When I have to tell the home owner I have to break their concrete walkway and pour new concrete because it’s sinking and causing a trip hazard where they can be sued because their menso landscaper tunneled (no not pressure hosed but actually tunneled) under it, it’s a positive effect for me. Now that I thought about it trader4, you’re absolutely right. Who cares if my clients have to work more to pay me. It’s all good; for me that is. |
#18
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Inflation and home repair
The problem is over regulation, not freedom. Freedom results in economic
boom, like the Reagan years. Christopher A. Young Learn more about Jesus www.lds.org .. "Molly Brown" wrote in message news:4d382d63-84cd-4024-a90b- Probably what you’re really noticing is that your earnings aren’t keeping-up with inflation like it used to or else you wouldn’t even care and the reason for that is because you’re competing against Chinese, Indian and South American workers. That’s what you get when politicians give big corporate CEOs free trade policy and let them run amok. |
#19
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Inflation and home repair
Over regulation from Washington, and excess union scale wages.
Christopher A. Young Learn more about Jesus www.lds.org .. wrote in message news:d636a2ac-c80d-4875-ae8e- If you believe that there is really a market for those products, then ask yourself why no company is building them here. |
#20
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Inflation and home repair
Happening, in the US, also. Our US gallon shrunk again, only 3.785 liters,
if memory serves. Christopher A. Young Learn more about Jesus www.lds.org .. "EXT" wrote in message news.com... What's next? A 100 ounce gallon of paint? Actually, that has happened in Canada. I still have a couple of cans with one gallon of paint, this was a Canadian gallon which was made up of four 40 ounce quarts or 160 ounces, as opposed to a US gallon made up of four 32 ounce quarts or 128 ounces. When Canada went metric, the paint companies all reduced the size to 4 liters, now they have "standardized" on a US gallon which is smaller again at 3.95 liters. It won't be long before they find a smaller size to use. By the way, the price never went down with the contents instead it went up. |
#21
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Inflation and home repair
On Jun 7, 6:33*pm, "Stormin Mormon"
wrote: The problem is over regulation, not freedom. *Freedom results in economic boom, like the Reagan years. Christopher A. Young Learn more about Jesus *www.lds.org . "Molly Brown" wrote in message news:4d382d63-84cd-4024-a90b- Probably what you’re really noticing is that your earnings aren’t keeping-up with inflation like it used to or else you wouldn’t even care and the reason for that is because you’re competing against Chinese, Indian and South American workers. That’s what you get when politicians give big corporate CEOs free trade policy and let them run amok. It was Reagan who implemented mandatory price controls; talk about “over regulation”. Myopia anyone? |
#22
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Inflation and home repair
On Thu, 07 Jun 2012 20:17:53 -0400, Frank
wrote: On 6/7/2012 8:07 PM, zzzzzzzzzz wrote: On Thu, 07 Jun 2012 19:08:31 -0400, Frank wrote: On 6/7/2012 10:18 AM, Stormin Mormon wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus www.lds.org . I just had to roll over an IRA - 0.25% for 14 months. Could have gotten 0.4% for much longer time. Might as well spend the money now or put it under my mattress. Or put it somewhere other than a bank. It's a relatively small IRA and I have reached the age where I take minimum distributions. While I have plenty of stocks, I don't want more or anything risky at my age. If I needed to repair something, I'd spend the money now. I was going to say that I didn't have any stocks, either, but my wife does have a few in her IRA. There are other places to put money, other than a bank or stocks. |
#23
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Inflation and home repair
On Thu, 7 Jun 2012 18:56:40 -0700 (PDT), Molly Brown
wrote: On Jun 7, 6:33*pm, "Stormin Mormon" wrote: The problem is over regulation, not freedom. *Freedom results in economic boom, like the Reagan years. Christopher A. Young Learn more about Jesus *www.lds.org . "Molly Brown" wrote in message news:4d382d63-84cd-4024-a90b- Probably what you’re really noticing is that your earnings aren’t keeping-up with inflation like it used to or else you wouldn’t even care and the reason for that is because you’re competing against Chinese, Indian and South American workers. That’s what you get when politicians give big corporate CEOs free trade policy and let them run amok. It was Reagan who implemented mandatory price controls; talk about “over regulation”. Certainly not! Myopia anyone? Education, anyone? |
#24
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Inflation and home repair
On Jun 7, 7:25*pm, "
wrote: On Thu, 7 Jun 2012 18:56:40 -0700 (PDT), Molly Brown wrote: On Jun 7, 6:33 pm, "Stormin Mormon" wrote: The problem is over regulation, not freedom. Freedom results in economic boom, like the Reagan years. Christopher A. Young Learn more about Jesus www.lds.org . "Molly Brown" wrote in message news:4d382d63-84cd-4024-a90b- Probably what you re really noticing is that your earnings aren t keeping-up with inflation like it used to or else you wouldn t even care and the reason for that is because you re competing against Chinese, Indian and South American workers. That s what you get when politicians give big corporate CEOs free trade policy and let them run amok. It was Reagan who implemented mandatory price controls; talk about over regulation . Certainly not! Myopia anyone? Education, anyone? Sorry, you're right, I got Nixon and Reagan mixed-up. |
#25
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Inflation and home repair
zzzzzzzzzz wrote:
On Thu, 07 Jun 2012 20:17:53 -0400, wrote: On 6/7/2012 8:07 PM, zzzzzzzzzz wrote: On Thu, 07 Jun 2012 19:08:31 -0400, wrote: On 6/7/2012 10:18 AM, Stormin Mormon wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus www.lds.org . I just had to roll over an IRA - 0.25% for 14 months. Could have gotten 0.4% for much longer time. Might as well spend the money now or put it under my mattress. Or put it somewhere other than a bank. It's a relatively small IRA and I have reached the age where I take minimum distributions. While I have plenty of stocks, I don't want more or anything risky at my age. If I needed to repair something, I'd spend the money now. I was going to say that I didn't have any stocks, either, but my wife does have a few in her IRA. There are other places to put money, other than a bank or stocks. Corporate bonds come to mind. What did you have in mind? |
#26
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Inflation and home repair
On Fri, 08 Jun 2012 02:03:40 -0400, Bill wrote:
wrote: On Thu, 07 Jun 2012 20:17:53 -0400, wrote: On 6/7/2012 8:07 PM, zzzzzzzzzz wrote: On Thu, 07 Jun 2012 19:08:31 -0400, wrote: On 6/7/2012 10:18 AM, Stormin Mormon wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus www.lds.org . I just had to roll over an IRA - 0.25% for 14 months. Could have gotten 0.4% for much longer time. Might as well spend the money now or put it under my mattress. Or put it somewhere other than a bank. It's a relatively small IRA and I have reached the age where I take minimum distributions. While I have plenty of stocks, I don't want more or anything risky at my age. If I needed to repair something, I'd spend the money now. I was going to say that I didn't have any stocks, either, but my wife does have a few in her IRA. There are other places to put money, other than a bank or stocks. Corporate bonds come to mind. What did you have in mind? Corporate bond fund. ;-) |
#27
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Inflation and home repair
On Jun 7, 8:17*pm, Molly Brown wrote:
On Jun 7, 8:43*am, " wrote: On Jun 7, 11:16*am, Molly Brown wrote: On Jun 7, 7:18*am, "Stormin Mormon" wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus *www.lds.org . Probably what you’re really noticing is that your earnings aren’t keeping-up with inflation like it used to or else you wouldn’t even care and the reason for that is because you’re competing against Chinese, Indian and South American workers. That’s what you get when politicians give big corporate CEOs free trade policy and let them run amok. Of course you're ignoring the other side, which is the positive effect. *Which is today you can buy many products for a lot less than you could if they were made here. *That translates into people having to work less to earn the money to buy those products. *I've yet to see a case where protectionism produced a better result than free markets. *In fact, if you look back at a similar time, the 1930's, economists generally agree that the protectionist trade measures that were adopted made the depression worse. When people pay me hundreds of dollars to go around replacing their Chinese made light bulbs on their property every month it’s a positive effect for me. When people pay me to replace their leaking Chinese made flexible water heater supply connectors it’s a positive effect for me. When people pay me to replace their defective or overheating appliance circuit boards that look like the guy soldered his p…. *hair on to it and solenoids because its made of shorter copper wire it’s a positive effect for me. When my spouses laptop keeps burning-out hard drives every six months and I have a three year extended warranty which is costing Vaio and BestBuy six times their profit on their laptop and very little expense to me it’s a positive effect for me. When people pay me because their a garage door opener malfunctions because an engineer (probably in India) didn’t design a washer to protect the tuggnut retaining clip from the screw of the screw drive, it’s a positive effect for me. When I call customer service for a client and get someone practicing their English in India and I have to tell my client that I need to replace the whole thing, that’s a positive effect for me. When I go to give an estimate and find that some farmer from some Latin country South of the border installed a door that was two inches narrower because he couldn’t figure-out how to install one of the right width, it’s a positive effect for me. When I have to tell the home owner I have to break their concrete walkway and pour new concrete because it’s sinking and causing a trip hazard where they can be sued because *their menso landscaper tunneled (no not pressure hosed but actually tunneled) under it, it’s a positive effect for me. Now that I thought about it trader4, you’re absolutely right. Who cares if my clients have to work more to pay me. It’s all good; for me that is.- Hide quoted text - - Show quoted text - I don't disagree that a lot of what you say above is happening. But I disagree that it's all because of free trade and that govt has let corporations run amock. In some cases, it's govt that has forced companies to look overseas. Look for example at what the current administration is doing to Boeing with it's plant in SC. Boeing is trying to build in America and the Labor Dept is suing them, telling them they can't open the plant that will employ 2,000 because it's retaliation for a strike years ago in WA. And in this case it's not just a plant that the govt is screwing with. That plant makes parts for the 787 which involves jobs all across the USA and world. But even in a poor economy, the administration would rather defend an extremely poor to non-existent claim by the union. That's a classic example of where govt regulation gets you. Here you have a great American company, one of our largest exporters and the govt is screwing around with them. For the most part, those US companies are doing what any business does. They are responding to market demand. Put a pack of fittings on the shelf that are higher quality and they don't sell as well as the cheap ones. The builder is too cheap to pay for them, many of the plumbers will use the cheapest components, as will homeowners. Companies focus where they can make the most money, just like you. The net result is that many products are now made based more on price than performance. The problem begins with us. And I don't see how any more govt regulation is going to fix it. |
#28
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Inflation and home repair
I've got a surprise secret for you. Inflation affects
everyone, wealthy or not. Christopher A. Young Learn more about Jesus www.lds.org .. "bob haller" wrote in message news:26fd3bef-e13a-4671-a685- yeah life sucks right now for everyone but he super wealthy...... everything has shrinking package sizing, just look at ice cream....... |
#29
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Inflation and home repair
On Jun 8, 8:59*am, "
wrote: On Fri, 08 Jun 2012 02:03:40 -0400, Bill wrote: wrote: On Thu, 07 Jun 2012 20:17:53 -0400, wrote: On 6/7/2012 8:07 PM, wrote: On Thu, 07 Jun 2012 19:08:31 -0400, wrote: On 6/7/2012 10:18 AM, Stormin Mormon wrote: I saw a post, or two about shrinking food packages. The pound of spaghetti is now 13 ounces, the 44 cookie Oreos are now 39. With shrinking packs and price hikes, it's going to get a lot harder to do much of anything. Like feed the family after home repairs. Anyone but me feeling the squeeze? What's next? A 100 ounce gallon of paint? Christopher A. Young Learn more about Jesus * * *www.lds.org . I just had to roll over an IRA - 0.25% for 14 months. Could have gotten 0.4% for much longer time. *Might as well spend the money now or put it under my mattress. Or put it somewhere other than a bank. It's a relatively small IRA and I have reached the age where I take minimum distributions. *While I have plenty of stocks, I don't want more or anything risky at my age. *If I needed to repair something, I'd spend the money now. I was going to say that I didn't have any stocks, either, but my wife does have a few in her IRA. *There are other places to put money, other than a bank or stocks. Corporate bonds come to mind. *What did you have in mind? Corporate bond fund. *;-)- Hide quoted text - - Show quoted text - What do you think is going to happen to that bond fund when US interest rates rise even modestly? Rates are at near zero with nowhere to go but up. |
#31
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Inflation and home repair
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