Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-20-2009, 10:20 PM
 
1,347 posts, read 2,452,676 times
Reputation: 498

Advertisements

Quote:
Originally Posted by nwlv View Post
That's funny. I could have sworn the DOW was up 50% between 2002 and 2006. Oil seemed to have tripled. I even saw a lot of Rice Farmers buying new Toyota Trucks with their Rice windfalls, last Spring in Thailand.
Is that inflation when a stock index recovers to a level it had been seven years prior?
Reply With Quote Quick reply to this message

 
Old 02-20-2009, 11:04 PM
 
482 posts, read 1,373,896 times
Reputation: 87
It's certainly wide spread asset apprecitation--commodity prices were going crazy.
Reply With Quote Quick reply to this message
 
Old 02-20-2009, 11:45 PM
 
1,347 posts, read 2,452,676 times
Reputation: 498
The following graph is from Shiller's 'Irrational Exuberance'. It depicts inflation adjusted housing prices. You'll notice it points out two inflationary periods where housing prices remain relatively flat. It's then followed by a period of spiking housing prices that is completely decoupled from the rate of inflation. The housing bubble was driven by speculation, not inflation.

Just out of curiousity, do you believe the dot com equity bubble was also caused by inflation?

Reply With Quote Quick reply to this message
 
Old 02-21-2009, 11:41 AM
 
Location: Fort Worth and Las Vegas
255 posts, read 557,782 times
Reputation: 73
Inflation or deflation - what matters is the car I am driving that I bought 3 years ago can be had cheaper new right now (ugghh!). Milk as someone said is 2.00 a gallon. Gas is 1.61 a gallon. Houses are infinitely cheaper as we all know and destined to decrease further. If you buy stocks, they're cheap also or maybe not there. Incomes are stable maybe go up or down a little - so IF you have a job, deflation is your best friend. If you don't, well then it doesn't matter deflation or inflation, life is tough. Governments like inflation b/c of increased tax revenue IMO.
Reply With Quote Quick reply to this message
 
Old 02-21-2009, 11:51 AM
 
482 posts, read 1,373,896 times
Reputation: 87
Quote:
Originally Posted by rpachigo View Post
Inflation or deflation - what matters is the car I am driving that I bought 3 years ago can be had cheaper new right now (ugghh!). Milk as someone said is 2.00 a gallon. Gas is 1.61 a gallon. Houses are infinitely cheaper as we all know and destined to decrease further. If you buy stocks, they're cheap also or maybe not there. Incomes are stable maybe go up or down a little - so IF you have a job, deflation is your best friend. If you don't, well then it doesn't matter deflation or inflation, life is tough. Governments like inflation b/c of increased tax revenue IMO.
Absolutely! Deflation causes people to take a closer look at bureaucrat middle managers, who seem to make a lot of money, but don't seem to do anything important at all.
Reply With Quote Quick reply to this message
 
Old 02-21-2009, 11:54 AM
 
Location: Hawaii>SouthLakeTahoe>LA>Vegas>?
162 posts, read 468,204 times
Reputation: 76
Quote:
Originally Posted by nwlv View Post
Deflation is not a cause of recession, but a byproduct. Inflation led us into this recession; deflation will seperate the savers from the spenders and lead us out. Deflation is an amplification of interest rates on one's debt. Those, who have little debt and have saved will fare quite well.
To say that deflation is a byproduct of a recession is a complete blanket generalization, inherently misleading, and to put it simply, false. Deflation can be and has been a major part of many recessions, just not this one.

And No, deflation will not lead us out of this; Inflation is coming; hard to say exactly when of course, but many signs point to either by the end of this year or early next. Prices will be going up on gas, gold, food, and every thing else.

Besides houses(), cars(), and salaries() of course

The U.S. Dollar is going to be seriously devalued when all of this is said and done(more so than it has been already) and so will many other forms of currency. Unfortunately for us, as we are already seeing, countries are cutting off our credit. Uh-oh....
Oh well. What's on American Idol tonight?
Reply With Quote Quick reply to this message
 
Old 02-21-2009, 11:55 AM
 
482 posts, read 1,373,896 times
Reputation: 87
Speculation caused inflation, which in turn made the housing bubble finally burst. Speculators caused inflated stock prices, which forced that bubble to burst, as well.
Reply With Quote Quick reply to this message
 
Old 02-21-2009, 12:02 PM
 
482 posts, read 1,373,896 times
Reputation: 87
Quote:
Originally Posted by ComeBack_Kid View Post

The U.S. Dollar is going to be seriously devalued when all of this is said and done(more so than it has been already) and so will many other forms of currency. Unfortunately for us, as we are already seeing, countries are cutting off our credit. Uh-oh....
Oh well. What's on American Idol tonight?

Really?

July 2008 February 2009
Pound= 2.08 USD 1.42
Euro= 1.63 USD 1.25
CanDoll=1.06 USD .80

I was even thinking about taking a trip to EuroDisney, but I hear all of the French pull out their white, surrender flags every night, when the fireworks go off.
Reply With Quote Quick reply to this message
 
Old 02-21-2009, 01:38 PM
 
Location: Toledo, OH
1,725 posts, read 3,470,182 times
Reputation: 1277
The French Flag comment brought a laugh. THX
Reply With Quote Quick reply to this message
 
Old 02-21-2009, 04:53 PM
 
1,347 posts, read 2,452,676 times
Reputation: 498
Quote:
Originally Posted by nwlv View Post
Really?

July 2008 February 2009
Pound= 2.08 USD 1.42
Euro= 1.63 USD 1.25
CanDoll=1.06 USD .80
Well, to be fair, he did say when all of this is said and done. We're a far ways away from being done.

Besides, we should probably include JPY in the mix.

2008-07-01 106.8518
2009-01-01 90.1205

Or what if we compare the US$ against another store of value instead of other troubled currencies?

Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2022 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas
View detailed profiles of:

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top