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#21
09-24-2007, 02:03 PM
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Re: X Post: My thoughts on the coming dollar collapse
[ QUOTE ]
[ QUOTE ] [ QUOTE ] FWIW, I think Borodog is correct here. This is likely what will happen if the dollar devaluates much more in the short term. This isn't necessarily a bad thing though. [/ QUOTE ] As the dollar drops, consumables that you purchase on a daily / weekly basis will rise. Gas & Food will continue to rise... Not a bad thing? Same paycheck, but your paying ~50% more for your grocery's and gas... I'm not too positive on the depreciating value of the dollar. [/ QUOTE ] This is absolutely incorrect. Only imported goods will rise in price such as a Benz, and then 50% is way too high of a figure. You're really looking at 2-3% increase in price. [/ QUOTE ] Incorrect huh...... think about what you said here in 3, 5, 7 years. A loaf of bread with be ~7 bucks..... Gas will be ~7 bucks a gallon... 
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#22
09-24-2007, 02:15 PM
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Re: X Post: My thoughts on the coming dollar collapse
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] FWIW, I think Borodog is correct here. This is likely what will happen if the dollar devaluates much more in the short term. This isn't necessarily a bad thing though. [/ QUOTE ] As the dollar drops, consumables that you purchase on a daily / weekly basis will rise. Gas & Food will continue to rise... Not a bad thing? Same paycheck, but your paying ~50% more for your grocery's and gas... I'm not too positive on the depreciating value of the dollar. [/ QUOTE ] This is absolutely incorrect. Only imported goods will rise in price such as a Benz, and then 50% is way too high of a figure. You're really looking at 2-3% increase in price. [/ QUOTE ] Incorrect huh...... think about what you said here in 3, 5, 7 years. A loaf of bread with be ~7 bucks..... Gas will be ~7 bucks a gallon... [/ QUOTE ] At 2% inflation a year?
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#24
09-24-2007, 02:20 PM
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Re: X Post: My thoughts on the coming dollar collapse
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] [ QUOTE ] FWIW, I think Borodog is correct here. This is likely what will happen if the dollar devaluates much more in the short term. This isn't necessarily a bad thing though. [/ QUOTE ] As the dollar drops, consumables that you purchase on a daily / weekly basis will rise. Gas & Food will continue to rise... Not a bad thing? Same paycheck, but your paying ~50% more for your grocery's and gas... I'm not too positive on the depreciating value of the dollar. [/ QUOTE ] This is absolutely incorrect. Only imported goods will rise in price such as a Benz, and then 50% is way too high of a figure. You're really looking at 2-3% increase in price. [/ QUOTE ] Incorrect huh...... think about what you said here in 3, 5, 7 years. A loaf of bread with be ~7 bucks..... Gas will be ~7 bucks a gallon... [/ QUOTE ] At 2% inflation a year? [/ QUOTE ] food and energy are no longer calculated in CPI.. I think. Ya the gov thinks were chumps
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#25
09-24-2007, 02:21 PM
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Re: X Post: My thoughts on the coming dollar collapse
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] [ QUOTE ] [ QUOTE ] FWIW, I think Borodog is correct here. This is likely what will happen if the dollar devaluates much more in the short term. This isn't necessarily a bad thing though. [/ QUOTE ] As the dollar drops, consumables that you purchase on a daily / weekly basis will rise. Gas & Food will continue to rise... Not a bad thing? Same paycheck, but your paying ~50% more for your grocery's and gas... I'm not too positive on the depreciating value of the dollar. [/ QUOTE ] This is absolutely incorrect. Only imported goods will rise in price such as a Benz, and then 50% is way too high of a figure. You're really looking at 2-3% increase in price. [/ QUOTE ] Incorrect huh...... think about what you said here in 3, 5, 7 years. A loaf of bread with be ~7 bucks..... Gas will be ~7 bucks a gallon... [/ QUOTE ] At 2% inflation a year? [/ QUOTE ] food and energy are no longer calculated in CPI.. I think. Ya the gov thinks were chumps [/ QUOTE ] None of us are poor. This doesn't matter.
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#26
09-24-2007, 03:05 PM
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Re: X Post: My thoughts on the coming dollar collapse
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] [ QUOTE ] [ QUOTE ] FWIW, I think Borodog is correct here. This is likely what will happen if the dollar devaluates much more in the short term. This isn't necessarily a bad thing though. [/ QUOTE ] As the dollar drops, consumables that you purchase on a daily / weekly basis will rise. Gas & Food will continue to rise... Not a bad thing? Same paycheck, but your paying ~50% more for your grocery's and gas... I'm not too positive on the depreciating value of the dollar. [/ QUOTE ] This is absolutely incorrect. Only imported goods will rise in price such as a Benz, and then 50% is way too high of a figure. You're really looking at 2-3% increase in price. [/ QUOTE ] Incorrect huh...... think about what you said here in 3, 5, 7 years. A loaf of bread with be ~7 bucks..... Gas will be ~7 bucks a gallon... [/ QUOTE ] At 2% inflation a year? [/ QUOTE ] food and energy are no longer calculated in CPI.. I think. Ya the gov thinks were chumps [/ QUOTE ] i will bet you that food and energy are included in CPI. name your price. Barron
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#27
09-24-2007, 08:02 PM
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Re: X Post: My thoughts on the coming dollar collapse
I have read that the crashes coming down will cause deflation not inflation. Also the dollar was just recently unpinned from Saudi's currency which totals 3.5 trillion of free dollars that will be used without Government approvial this leads to most currencies that are linked to the dollar to undo their relationship; but the corporate and company buying isn't as true no; what these dollars are going into are natural resources,as for the freemarketplace provided by the USGov that is only one thing free dollars which they print. very few walk this earth claiming Washington is helping them. The gutted stock market will collapse also but the reason bread or oil goes up is the speculation and lack of production not the dollar those things are going up anyway anywhere(the price of wheat at the Chicago board is going down and will be for the next three four years)And finally for crashes being surprises they are because of the speed and totallity of them not that they come with no warning. The Great crash of 1929 was predictable and readly understood; the market is an emotional dynamic of its own (many saying there will be a crash but still in it until the end losing money)
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#28
09-24-2007, 08:45 PM
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Re: X Post: My thoughts on the coming dollar collapse
This isn't a flame, and it is a bit off topic. I don't spend a lot of time on your posts or those of any other ACists on the topic of the collapsing dollar. You all engage in communities that believe strongly in the notion that fiat money must fail eventually. This leads those communities to traffic in theories and data points that point to the impending collapse of the dollar. There is probably very little that could occur that would deter those communities from pumping out that kind of information.
Because of all this, even if I conceded that the fiat dollar must fail, too much exposure to that community would actively harm my ability to make investment decisions. It is all people trying to time a collapse whose occurrence they have already taken for granted. Therefore it is all data that I cannot reasonably act on in my investment framework (I should never make a decision based on trying to time a macro call. I am not qualified and have no intention or notion that I will ever be qualified).
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#29
09-24-2007, 09:12 PM
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Re: X Post: My thoughts on the coming dollar collapse
Don't confuse the CPI with the 'core inflation' measure.
http://en.wikipedia.org/wiki/Core_inflation [ QUOTE ] The older preferred measure of inflation in the United States was the Consumer Price Index. This is still used as the indicator for most other countries, and is presented monthly in the US by the Bureau of Labor Statistics. This index tends to change more on a month to month basis than does "core inflation". This is because core inflation eliminates products that can have temporary price shocks (i.e. energy, food products). Core inflation is thus intended to be an indicator and predictor of underlying long-term inflation. [/ QUOTE ]
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#30
09-24-2007, 10:26 PM
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Re: X Post: My thoughts on the coming dollar collapse
[ QUOTE ]
Don't confuse the CPI with the 'core inflation' measure. http://en.wikipedia.org/wiki/Core_inflation [ QUOTE ] The older preferred measure of inflation in the United States was the Consumer Price Index. This is still used as the indicator for most other countries, and is presented monthly in the US by the Bureau of Labor Statistics. This index tends to change more on a month to month basis than does "core inflation". This is because core inflation eliminates products that can have temporary price shocks (i.e. energy, food products). Core inflation is thus intended to be an indicator and predictor of underlying long-term inflation. [/ QUOTE ] [/ QUOTE ] Except of course, by removing the products that supposedly have short term volitility but are also very inflationary in the long term, you bias down the resulting number. Not to mention goods substitution, which has got to be the craziest bunch of [censored] Alan Greenspan ever came up with. "Well, as prices of the things in the basket of goods increase, the rational consumer will substitute other, cheaper goods, so we should too in our calculations." No, that's not intended to falsify the inflation numbers AT ALL . . .
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