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In United States
Registered Sep 14, 2011
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RBbuyer's most recent comments:
- On 27 Apr 2012
in
Housing Rental Prices vs Incomes,
RBbuyer said:
thunderlips11,
You are right. I did not realize that you were specifically speaking to the "few multiples over 25 years" assertion and I really have no idea what the "We are short of skilled workers thesis" is.
Instead, I was focused on "In the mid80s we're looking at " salary's of $30K, when they look like $25K to me. I was also focused on the assertion that starting engineer salaries "that hasn't kept pace with inflation". Thankfully, your BLS link equates inflation to CPI and therefore prooves that over those 25 years, entry level engineer salaries have beaten inflation by a small margin.
As a father with no more life of his own, except to read Pnet, I now feel much better about the whole thing. :) - On 27 Apr 2012
in
Housing Rental Prices vs Incomes,
RBbuyer said:
thunderlips11 says:
In the Mid 80s, we're looking at $30k to start for entry level engineers fresh out of school. In the late 2000s, we're looking at $60k ....
How can you misread your own graph so badly?
Entry level 1971 ~$10K
Entry level 2011 ~$60K
doubles every ~16 yrs
that's about 5% compounded annually.
The CPI does not average 5% and gas hasn't budged since 1980, when adjusted for CPI.
http://www.randomuseless.info/gasprice/gasprice.html - On 5 Jan 2012
in
Investing in Brazil,
RBbuyer said:
I think you're right. There is an investment opportunity. Read "The Age of Deleveraging" by Shilling. I think he would say that if you bought the Brazil equivalent of a 30 yr T-note today and sold it one year from now, then rebought, then waited a year, then sold and so on .... that your return would be very high (assuming you believe that interest rates in Brazil will not go higher).
This same strategy would have worked astoundingly well for you in the US between 1979 and today, but now rates are so low, it's hard to imagine they could go any lower. That's why the PIMCO CEO thinks the 30 year bond bull in the US is dead.
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