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HeadSet says
??? Very few cars in that era would make 75,000 miles before being junked.
My family bought a Chrysler K car for a real cheap price (with AM radio and auto transmission) back in 1983. It lasted until 1996 and was driven at least 15,000 miles per year.
They paid off the loan in 5 years, and it did not have much maintenance costs other than a tire change about every 6 years.
The 19 inch color TV by Zenith was made in the USA and was about $250 back in 1983. My mom was making $7 an hour as an assistant office manager and receptionist at a doctor and dentist office back then.
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richwicks says
You know how radios, televisions, phones, etc, were "built to last" in 1950?
??? Very few cars in that era would make 75,000 miles before being junked. Televisions in 1950 cost about $300 when wages averaged $1.50 per hour, so houses with TVs were rare. Even so, a 1950 era TV was filled with short-life vacuum tubes and prone to breakage and obsolescence. Phones did last, since they were all owed by Ma Bell and rented to customers. I have one of those old rotary phones and it surprisingly still worked on a local touch tone Verizon copper line.
In 1983 that Zenith was a solid-state TV
I am old enough to remember stuff from the 1800's being used.
richwicks says
I am old enough to remember stuff from the 1800's being used.
My grandma had a Singer sewing machine from the 1800s that was powered by a foot treadle. Worked for her because she had no electricity. If I could find that machine I bet it still works as long as I can find a needle.
September
12 month core inflation (does not include food and energy) at 4.1%
Since Biden took office, cumulative inflation of nearly 20 percent means that the government has effectively vaporized one-fifth of voters’ savings and purchasing power. Unlike a stock market decline, this is lost money and buying power that cannot be recovered in the future.
Since Biden took office, cumulative inflation of nearly 20 percent means that the government has effectively vaporized one-fifth of voters’ savings and purchasing power. Unlike a stock market decline, this is lost money and buying power that cannot be recovered in the future.
this is lost money and buying power that cannot be recovered in the future.
Since Biden took office, cumulative inflation of nearly 20 percent means that the government has effectively vaporized one-fifth of voters’ savings and purchasing power.
In theory, if we can somehow ever manage to get some deflation that purchasing power can be recovered. There is literally a zero percent chance of that happening.
I am hoping that prices drop a lot this month to compensate for this adjustment and that the annual inflation rate remains below 4%.
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seemed like prices were reasonable compared to minimum wage back then ... the 19 cents hot dog in 1977 would be $1.15 in 2023 dollars based on annual inflation rate of 4% ... $2.30 an hour was minimum wage in 1977
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"In response to the US Treasury Department figures released Friday, Kogan said that "roughly 75%" of the surge in the deficit and the debt ratio, the amount of federal debt relative to the overall size of the economy, was due to revenue decreases resulting from GOP-approved tax cuts over recent decades. "Of the remaining 25%," he said, "more than half" was higher interest payments on the debt related to Federal Reserve policy."
ad says
"In response to the US Treasury Department figures released Friday, Kogan said that "roughly 75%" of the surge in the deficit and the debt ratio, the amount of federal debt relative to the overall size of the economy, was due to revenue decreases resulting from GOP-approved tax cuts over recent decades. "Of the remaining 25%," he said, "more than half" was higher interest payments on the debt related to Federal Reserve policy."
They go through a lot of trouble to avoid simply charting actual REVENUES after the tax cuts. The deficit is because spending exceeded the revenue gain.
https://wolfstreet.com/2023/10/27/powells-gonna-have-a-cow-when-he-sees-the-pce-inflation-spikes-in-core-services-housing-and-non-housing-core-services/
Overall inflation measured in terms of Personal Consumption Expenditure (PCE) is tracking down and is steady around 3.4% for last 12 months
I think this statistic will slowly track down to 3% within next 6 months and the "new accepted norm" will be annual inflation at or below 3.25%
ad says
Overall inflation measured in terms of Personal Consumption Expenditure (PCE) is tracking down and is steady around 3.4% for last 12 months
I think this statistic will slowly track down to 3% within next 6 months and the "new accepted norm" will be annual inflation at or below 3.25%
That's a bogus stat.
These service industries (fast food and budget-minded hotels) need to figure out fast how to innovate to increase productivity. They need to streamline. This means less workers but at much higher compensation, for example. Offer performance bonuses, profit sharing, etc.
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net