That's what the romans said circa 350 A.D.
No inflation, nothing to see here
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Last: 2 days ago by Heineken-Ashi
So... in 2009, after the crash, you could buy a 1250 sq. ft. home on my street for about $450,000.Oldag2020 said:
Where was the country devastating inflation after 08-09 that everyone predicted? It never came. Just like everyone is predicting it comes now, it won't.
The current price increases are due solely to pent up demand and supply chain constraints. It's really that simple.
Today, you can't buy any home on my street for less than $1,100,000.
I'm sure it's probably just driven by all that extra demand to live in Los Angeles.
However, the population in my city decreased by 0.8% since the 2010 Census.
With inflation on the rise, who knows, my 1250 sq. ft. house might be worth $2M by the time Kamala Harris gets voted out of office in 2024.
Inflation is real. I'm not claiming it isn't. I am only saying it's not going to get bad enough to destroy the US
You read that in a book somewhere... right?
"This is how you play football!"
Oldag2020 said:
Where was the country devastating inflation after 08-09 that everyone predicted? It never came. Just like everyone is predicting it comes now, it won't.
The current price increases are due solely to pent up demand and supply chain constraints. It's really that simple.
The effects of the 2008 crash were absolutely devastating for small towns and small banks in select areas of the country. Those areas have never and will never recover from the effects of it.
I won't live to see 60 years from now and if I see 40 years from now, I'll probably just be confined to sitting in an easy chair and looking out the window.Oldag2020 said:
When we are still standing as the greatest country in history in 20,40, even 60 years I will have been right. Who would've known a bunch of conservatives could be so adamant about the destruction of the greatest country, and economy, to ever exist.
But, I'm definitely in for the next 20 years and I realize you're young (assume Class of 2020) so you haven't seen what many of us have seen.
You don't remember the country when it was 200M people.
You don't remember when gasoline broke the $1/gal mark.
You don't remember the patriotism associated with the Bicentennial.
You don't remember the Soviet Union, or the Berlin Wall.
You see Congressional leadership like AOC and "The Squad".
You see a country of 330M people with a porous border.
You see a country led by Presidents who are professional politicians who've never accomplished anything in the real world. Trump was the exception obviously.
You see a country brought to its knees by a weak virus.
You don't have grandparents who went through the Great Depression and went overseas to fight the Japs and the Krauts. Worthy adversaries I might add.
Now that's not your fault that you weren't born 30 years earlier.
But, if you could see what a lot of us have seen, you would believe that living in 2021 America is like we're being punked by a group of people who have never read our Constitution and if they did, they couldn't possibly have understood what they read.
I have a daughter who graduated from college in 2020 and I am optimistic that her generation will correct the course. But, that is going to take a lot of work. A helluva lot of work.
We're at the point now where the low information voters and the takers outnumber the makers. And the takers have realized they can vote themselves free ice cream every day.
I mean what kind of upside down crazy world are we living in when you can make more on unemployment than you can working? It's just not going to end well once we run out of the ability to print an endless supply of money.
Layne Staley said:
Packer brisket at HEB $3.96. Went between $1.96 and $2.19 last year.
At Walmart here it was always between 2.19 and 2.39. Now 4.45.
Oldag2020 said:
Where was the country devastating inflation after 08-09 that everyone predicted? It never came. Just like everyone is predicting it comes now, it won't.
The current price increases are due solely to pent up demand and supply chain constraints. It's really that simple.
Where was the nationwide lock down that devastated small businesses in 08 you dumb ****.
Oldag2020 said:
Everything you listed is increasing in price due to temporary supply imbalances. ie it is transitory and will not continue for the foreseeable future.
Rule #1 don't fight the fed
The fed isn't worried and neither am I
Funny but not funny. Some people love living their life being lied to and in denial.
User name checks outOldag2020 said:
Everything you listed is increasing in price due to temporary supply imbalances. ie it is transitory and will not continue for the foreseeable future.
Rule #1 don't fight the fed
The fed isn't worried and neither am I
If you trust the fed then I believe you graduated in 2020
Don't fight the fed just means that they control the Economy's strings. It doesn't mean they won't royally **** up the economy.
Let me give examples:
Great Depression
80's savings and loan crash
Dot com bubble
2008 crash
Don't fight the fed. But sure as hell don't trust the fed either.
The world needs mean tweets
My Pronouns Ultra and MAGA
Trump 2024
My Pronouns Ultra and MAGA
Trump 2024
Oldag2020 said:
Where was the country devastating inflation after 08-09 that everyone predicted? It never came. Just like everyone is predicting it comes now, it won't.
The current price increases are due solely to pent up demand and supply chain constraints. It's really that simple.
weren't you about 10 years old in 08-09?
I paid my own way. That doesn't take away the fact that being claimed as a dependent has many benefits.
Oldag2020 said:
Everything you listed is increasing in price due to temporary supply imbalances. ie it is transitory and will not continue for the foreseeable future.
Rule #1 don't fight the fed
The fed isn't worried and neither am I
Did you go get Powells speech notes for tmrw?!
HollywodBQ I like your posts.
rocky the dog said:
Out of the 85,000,000 who voted for him, you'd think there would be at least one.
NE PA Ag said:Layne Staley said:
Packer brisket at HEB $3.96. Went between $1.96 and $2.19 last year.
At Walmart here it was always between 2.19 and 2.39. Now 4.45.
Before 2008 packer brisket was $1.69 @ HEB.
Thanks for the thought provoking comment.
BigTex83 said:
HollywodBQ I like your posts.
Yes, he makes alot of sense.
Yes, but I remember. I have also learned in great detail what happened vs. what people expected to happen. Expectation vs reality was drastically different.
Out of the two of us, who is living in fear, and worrying about something they can't control?
Thanks for giving some insight on your perspective. I understand how so much change so quickly could be frightening. I also agree not all of the change we are experiencing is good.
This is still the greatest nation in history. Things will change. They always have. Not all changes will be bad.
You've lived through some excited times. Some things happened which I'm sure you didn't fully agree with. Has the way you think about those changes evolved over time?
This is still the greatest nation in history. Things will change. They always have. Not all changes will be bad.
You've lived through some excited times. Some things happened which I'm sure you didn't fully agree with. Has the way you think about those changes evolved over time?
Things never really fully crashed in 2008
The covid lockdown supply chain freeze has hampered QE effects on quelling the crash and inflation. The 2008 bubble may finally be catching up.
I would not be surprised to see this get worse, especially given the general positions of the current Prez and the Dem Majority(pro russia pipeline, pro "fair" share tax rates, and on and on)
I hope its short lived
The covid lockdown supply chain freeze has hampered QE effects on quelling the crash and inflation. The 2008 bubble may finally be catching up.
I would not be surprised to see this get worse, especially given the general positions of the current Prez and the Dem Majority(pro russia pipeline, pro "fair" share tax rates, and on and on)
I hope its short lived
Yep. I get unsolicited - quick close, all cash offers in the mail all the damn time.DallasAg 94 said:Chinese are buying up all the real estate they can in LA because not only is the Yuan worse, but the Gov will confiscate your wealth.HollywoodBQ said:So... in 2009, after the crash, you could buy a 1250 sq. ft. home on my street for about $450,000.Oldag2020 said:
Where was the country devastating inflation after 08-09 that everyone predicted? It never came. Just like everyone is predicting it comes now, it won't.
The current price increases are due solely to pent up demand and supply chain constraints. It's really that simple.
Today, you can't buy any home on my street for less than $1,100,000.
I'm sure it's probably just driven by all that extra demand to live in Los Angeles.
However, the population in my city decreased by 0.8% since the 2010 Census.
With inflation on the rise, who knows, my 1250 sq. ft. house might be worth $2M by the time Kamala Harris gets voted out of office in 2024.
What happens when 10-15% of those houses remain vacant because they were only purchased for investment, and not to live in.
Biden could only hope to confiscate wealth like Xi.
They even tell me that they're willing to pay at least $1M for my house with no repairs required.
Oldag2020 said:
Yes, but I remember. I have also learned in great detail what happened vs. what people expected to happen. Expectation vs reality was drastically different.
Has Biden's European tour strengthened the USD?
In real terms, are urbanization and inflation related?
Showertime at the Bidens
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How long do you want to ignore this user?
Bush's Chicken covered up all their prices on the outside of the building due to rising costs.
Wanna bet prices don't go back even close to what they were?Oldag2020 said:
Everything you listed is increasing in price due to temporary supply imbalances. ie it is transitory and will not continue for the foreseeable future.
Rule #1 don't fight the fed
The fed isn't worried and neither am I
Thanks mate!BigTex83 said:
HollywodBQ I like your posts.
It's more interesting than doing what I'm supposed to be doing at work today - rewriting job descriptions for the folks who report to me.
Perspective...Oldag2020 said:
Thanks for giving some insight on your prospective. I understand how so much change so quickly could be frightening. I also agree not all of the change we are experiencing is good.
This is still the greatest nation in history. Things will change. They always have. Not all changes will be bad.
You've lived through some excited times. Some things happened which I'm sure you didn't fully agree with. Has the way you think about those changes evolved over time?
Hey, I'm a 6'3 blond headed Puerto Rican who grew up in Alaska and Saudi Arabia.
As an adult, lived in Austin, Denver, LA and Sydney. Not counting 5 months at Fort Knox, Kentucky in the Army.
Yeah I've seen a few things.
I was also lucky enough to spend a lot of time with my Grandfather who fought in the South Pacific in WWII and spend a lot of time with my father who was a Cold Warrior in West Germany.
These changes haven't happened "quickly" per se.
The only thing that has happened quickly in recent times has been the reboot of racism.
In the 1970s and 1980s, we had racism licked. Especially in Texas.
What basis do you have to expect the prices won't return to their pre transitory level?
You can't print trillions and not expect significant inflation. Continuing to do so under Biden's 6 trillion infrastructure plan will probably even result in hyperinflation.
The same fed that distorts the marketing by punishing savers and rewarding spenders, right?OldArmyBrent said:Oldag2020 said:
Everything you listed is increasing in price due to temporary supply imbalances. ie it is transitory and will not continue for the foreseeable future.
Rule #1 don't fight the fed
The fed isn't worried and neither am I
Not sure if serious.
All hail government. It always knows what's best for us peons.
Paper. An insane deer. Taco meat.
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