State of the Economy and How It's Presented

#51
#51
Here's what I see via the news:
1. Companies laying off workers
2. Companies going out of business
3. People defaulting on their ridiculous mortgages
4. Construction tapering off
5. Grocery costs increasing
6. Health care costs increasing
7. Stock markets retreated to where they were a decade ago

All of this is bad news for my bank account and personal phsyche.
 
#52
#52
UT IE 95 said:
Here's what I see via the news:
1. Companies laying off workers
2. Companies going out of business
3. People defaulting on their ridiculous mortgages
4. Construction tapering off
5. Grocery costs increasing
6. Health care costs increasing
7. Stock markets retreated to where they were a decade ago

All of this is bad news for my bank account and personal phsyche.
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These are events that occur continuously every year. The question is are they being reported in context?
 
#53
#53
UT IE 95 said:
Here's what I see via the news:
1. Companies laying off workers
2. Companies going out of business
3. People defaulting on their ridiculous mortgages
4. Construction tapering off
5. Grocery costs increasing
6. Health care costs increasing
7. Stock markets retreated to where they were a decade ago

All of this is bad news for my bank account and personal phsyche.
Click to expand...

and if you didn't hear this stuff every day i'd bet you'd be spending more money right?
 
#54
#54
droski said:
and if you didn't hear this stuff every day i'd bet you'd be spending more money right?
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Negative. 5, 6, and 7 means I have less money in my pocket to spend. My entertainment dollar is smaller this year than last.
 
#58
#58
UT IE 95 said:
Here's what I see via the news:
1. Companies laying off workers
2. Companies going out of business
3. People defaulting on their ridiculous mortgages
4. Construction tapering off
5. Grocery costs increasing
6. Health care costs increasing
7. Stock markets retreated to where they were a decade ago

All of this is bad news for my bank account and personal phsyche.
Click to expand...

1 and 2: lower corporate taxes and the capital gains tax

3. **it happens. some should never have gotten mortgages and some should have managed their money better.

4. you mean overbuilding is tapering off now that there is a glut of vacant housing and commercial property.

5. transportation costs are higher

6. increased litigation and free medical care for illegal immigrants.

7. I thought the economy under Clinton was wonderful.
 
#59
#59
MG1968 said:
1 and 2: lower corporate taxes and the capital gains tax

3. **it happens. some should never have gotten mortgages and some should have managed their money better.

4. you mean overbuilding is tapering off now that there is a glut of vacant housing and commercial property.

5. transportation costs are higher

6. increased litigation and free medical care for illegal immigrants.

7. I thought the economy under Clinton was wonderful.
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7. Except I have been buying at prices over where Clinton was - now I back at that mark. Which means I only have about 70 cents of every dollar I saved the last 10 years.
 
#62
#62
UT IE 95 said:
Negative. 5, 6, and 7 means I have less money in my pocket to spend. My entertainment dollar is smaller this year than last.
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Thats what i'm saying. People just have less to spend, because the cost of everything has gone through the roof. What's that old saying. Can't milk blood from a turnip. Can't spend what you don't have in the first place. Something has to give for it to get better. I think for the forseeable future, the days of people just free willing money around may be over. Its a mess and i don't have any answers.
 
#64
#64
droski said:
how are your grocery costs up? or do you mean from like 5 years ago?
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I mean my monthly budget for groceries has been increasing for about a year now. I have a family of four and our weekly bill at Schnucks is continuously trending up.
 
#65
#65
UT IE 95 said:
I mean my monthly budget for groceries has been increasing for about a year now. I have a family of four and our weekly bill at Schnucks is continuously trending up.
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was there a time when this wasn't the case?
 
#67
#67
UT IE 95 said:
I mean my monthly budget for groceries has been increasing for about a year now. I have a family of four and our weekly bill at Schnucks is continuously trending up.
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things seem cheaper here recently to me, but i must admit i haven't actually run the numbers.
 
#68
#68
BigPapaVol said:
was there a time when this wasn't the case?
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Sure. You'd pay more for out of season fresh produce and see occasional spikes in some items (i.e. milk and beef when mad cow was killing us all, and breads when the wheat fields were destroyed, etc). But overall the cost is really trending up across all items. Grocery stores are about the 4th level of price markup in the chain from producer to me. Every link in that chain is inching the price up versus the last 4-6 years to compensate for losses in the last year.
 
#69
#69
UT IE 95 said:
Sure. You'd pay more for out of season fresh produce and see occasional spikes in some items (i.e. milk and beef when mad cow was killing us all, and breads when the wheat fields were destroyed, etc). But overall the cost is really trending up across all items. Grocery stores are about the 4th level of price markup in the chain from producer to me. Every link in that chain is inching the price up versus the last 4-6 years to compensate for losses in the last year.
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I think you're seeing the effect that energy pricing has across all sectors of the economy. It's artificial inflation.
 
#70
#70
droski said:
things seem cheaper here recently to me, but i must admit i haven't actually run the numbers.
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The only reason I noticed was I couldn't figure out where my money was going. I sat down and looked at the expenses and was blown away on the cost increase.

For the same quantity we are now buying more store brands to offset the increase in cost.
 
#71
#71
UT IE 95 said:
The only reason I noticed was I couldn't figure out where my money was going. I sat down and looked at the expenses and was blown away on the cost increase.

For the same quantity we are now buying more store brands to offset the increase in cost.
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I have been genuinely shocked at how much cheaper it is to heat my house this year vs last.
 
#72
#72
Some consider inflation a regressive tax.

Not sure what that means, just throwing it out there to get a bite.
 
#73
#73
store brands are every bit as good as the brand names.

have you also considered shopping elsewhere?
 
#74
#74
BigPapaVol said:
I have been genuinely shocked at how much cheaper it is to heat my house this year vs last.
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Not me. I have a heat pump and electricity is 25% higher year over year. My January bill last year was $300 and was $400 this year for a little less usage.
 
#75
#75
UT IE 95 said:
Not me. I have a heat pump and electricity is 25% higher year over year. My January bill last year was $300 and was $400 this year for a little less usage.
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Mine's gas and went down probably 30%.
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