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LJ's avatar

LJ

Senior Member

16,351 posts
Apr 3, 2012 4:53 PM
That only shows non adjusted historic prices. Link to your claim that it hasn't caught up with inflation yet?
Apr 3, 2012 4:53pm
Fab1b's avatar

Fab1b

The Bald A-Hole!!

12,949 posts
Apr 3, 2012 4:54 PM
Personally I don't care what any expert says or anything, I think the price of oil is a straight sham to keep the people poor, and class lines where they want them, etc......its not the whole piece but a piece of that!
Apr 3, 2012 4:54pm
DeadliestWarrior34's avatar

DeadliestWarrior34

gooby pls

3,101 posts
Apr 3, 2012 5:30 PM
bigdaddy2003;1135784 wrote:Sorry I'm a little slow today. What does this mean?
[video=youtube;Dl8X7fqOUQo][/video]
Apr 3, 2012 5:30pm
G

gut

Senior Member

15,058 posts
Apr 3, 2012 6:01 PM
Cleveland Buck;1135782 wrote:Oil is historically cheap right now. It is if you pay for it in gold anyway.
Either that, or gold is overvalued right now. I know a gold bug would never go along with that logic, though.
Apr 3, 2012 6:01pm
bigdaddy2003's avatar

bigdaddy2003

Senior Member

7,384 posts
Apr 3, 2012 6:02 PM
DeadliestWarrior34;1135804 wrote:[video=youtube;Dl8X7fqOUQo][/video]
Ah yes I remember now. Thanks.
Apr 3, 2012 6:02pm
sleeper's avatar

sleeper

Legend

27,879 posts
Apr 4, 2012 9:49 AM
LJ;1135785 wrote:That only shows non adjusted historic prices. Link to your claim that it hasn't caught up with inflation yet?
http://research.stlouisfed.org/fred2/series/BASE

Inflation is only 3% though right?
Apr 4, 2012 9:49am
LJ's avatar

LJ

Senior Member

16,351 posts
Apr 4, 2012 9:55 AM
sleeper;1136467 wrote:http://research.stlouisfed.org/fred2/series/BASE

Inflation is only 3% though right?
So what does that have to do with the fact that gas is right where it should be today, April 4th 2012?

Apr 4, 2012 9:55am
S

Steel Valley Football

Senior Member

4,548 posts
Apr 4, 2012 10:02 AM
LJ;1135770 wrote:false, I am in the oil business. Have been for about 8 years, 4 years fulltime.

I remember you saying you were in the oil business - the baby oil business...with your boyfriend.

Boom.
Apr 4, 2012 10:02am
M

MontyBrunswick

Apr 4, 2012 10:08 AM
gas more like ass
Apr 4, 2012 10:08am
sleeper's avatar

sleeper

Legend

27,879 posts
Apr 4, 2012 10:23 AM
LJ;1136476 wrote:So what does that have to do with the fact that gas is right where it should be today, April 4th 2012?

You're under the assumption that the government is accurately reporting inflation. Hint: It's not.
Apr 4, 2012 10:23am
LJ's avatar

LJ

Senior Member

16,351 posts
Apr 4, 2012 10:29 AM
sleeper;1136506 wrote:You're under the assumption that the government is accurately reporting inflation. Hint: It's not.
Because for many years, the prices of food and gas would drag down inflation. So yeah, you're right, they don't accurately report it. For many years it was much lower than what was reported. It all evens out.
Apr 4, 2012 10:29am
sleeper's avatar

sleeper

Legend

27,879 posts
Apr 4, 2012 10:42 AM
LJ;1136513 wrote:Because for many years, the prices of food and gas would drag down inflation. So yeah, you're right, they don't accurately report it. For many years it was much lower than what was reported. It all evens out.
It all evens out? You're such a fraud. How your employed with a salary is beyond me.
Apr 4, 2012 10:42am
LJ's avatar

LJ

Senior Member

16,351 posts
Apr 4, 2012 10:48 AM
sleeper;1136525 wrote:It all evens out? You're such a fraud. How your employed with a salary is beyond me.

:laugh::laugh::laugh:

You're right, gas prices are probably higher than they should be. Gas and food were so anti-inflationary that inflation was actually much lower than what was reported for about 20 years. So yes, it does about "even out".

I don't get a salary BTW. I don't make the right decisions, I don't make money, I don't eat.

The only fraud here is you. Not only do you lie about owning a McDonalds, but there is no way in hell you are a financial analyst.
Apr 4, 2012 10:48am
B

bigkahuna

Senior Member

4,454 posts
Apr 4, 2012 10:59 AM
Kills me

In Temperance, MI where I live 3.99 at the 2 gas stations here in town

5 mins down the road in Toledo, it's 3.57

15-20mins up the road in Monroe, MI it's 3.85
Apr 4, 2012 10:59am
sleeper's avatar

sleeper

Legend

27,879 posts
Apr 4, 2012 11:28 AM
LJ;1136526 wrote::laugh::laugh::laugh:

You're right, gas prices are probably higher than they should be. Gas and food were so anti-inflationary that inflation was actually much lower than what was reported for about 20 years. So yes, it does about "even out".

I don't get a salary BTW. I don't make the right decisions, I don't make money, I don't eat.

The only fraud here is you. Not only do you lie about owning a McDonalds, but there is no way in hell you are a financial analyst.
Both are true. Enjoy!
Apr 4, 2012 11:28am
W

wkfan

Senior Member

1,641 posts
Apr 4, 2012 11:29 AM
bigkahuna;1136535 wrote:Kills me

In Temperance, MI where I live 3.99 at the 2 gas stations here in town

5 mins down the road in Toledo, it's 3.57

15-20mins up the road in Monroe, MI it's 3.85
Tell 'ya what....Michigan can have Toledo.
Apr 4, 2012 11:29am
sleeper's avatar

sleeper

Legend

27,879 posts
Apr 4, 2012 11:36 AM
Thankfully for reality purposes, inflation evening out doesn't mean JACK SHIT for the people most affected by inflation, the poor. What is LJ going to tell people when gas is $10 a gallon and wages are stagnant? "Hey guys don't worry it'll all even out 40 years from now". Such a fraud.
Apr 4, 2012 11:36am
sleeper's avatar

sleeper

Legend

27,879 posts
Apr 4, 2012 11:38 AM
And LJ votes too. Fuck.
Apr 4, 2012 11:38am
LJ's avatar

LJ

Senior Member

16,351 posts
Apr 4, 2012 11:39 AM
sleeper;1136560 wrote:Thankfully for reality purposes, inflation evening out doesn't mean JACK SHIT for the people most affected by inflation, the poor. What is LJ going to tell people when gas is $10 a gallon and wages are stagnant? "Hey guys don't worry it'll all even out 40 years from now". Such a fraud.
Stagnant wages ARE a huge issue. Anyone with a brain knows that wages have not kept up, therefore while prices may be keeping up with inflation, wages are not. Another reason that your statement about gas being "cheap" right now is false.
Apr 4, 2012 11:39am
sleeper's avatar

sleeper

Legend

27,879 posts
Apr 4, 2012 11:40 AM
LJ;1136567 wrote:Stagnant wages ARE a huge issue. Anyone with a brain knows that wages have not kept up, therefore while prices may be keeping up with inflation, wages are not. Another reason that your statement about gas being "cheap" right now is false.
Stagnant wages aren't a problem if inflation is low. Don't worry LJ it all evens out. Are you serious? It all "evens out". LOL
Apr 4, 2012 11:40am
LJ's avatar

LJ

Senior Member

16,351 posts
Apr 4, 2012 11:43 AM
sleeper;1136573 wrote:Stagnant wages aren't a problem if inflation is low. Don't worry LJ it all evens out. Are you serious? It all "evens out". LOL

:rolleyes:

What is the average if you have a set of numbers that are 3, 3, 3, 3, 3, 3, 3?

How about if they are 1,4,6,6,2,1,1,3?
Apr 4, 2012 11:43am
W

WebFire

Go Bucks!

14,779 posts
Apr 4, 2012 11:48 AM
4.13 in my little town. 3.77 where I work 22 miles away.
Apr 4, 2012 11:48am
sleeper's avatar

sleeper

Legend

27,879 posts
Apr 4, 2012 2:38 PM
LJ;1136576 wrote::rolleyes:

What is the average if you have a set of numbers that are 3, 3, 3, 3, 3, 3, 3?

How about if they are 1,4,6,6,2,1,1,3?
Evening out only matters in the Ivory towers of economic historians. Reality is what actually matters and inflation is so skewed right now its ridiculous. Once the Fed raises their rates, watch out, $10 gas here we come. Just be sure to tell your friends that it will even out soon enough :rolleyes:
Apr 4, 2012 2:38pm
S

sportchampps

Senior Member

7,361 posts
Apr 4, 2012 2:55 PM
Perception is reality
Apr 4, 2012 2:55pm
Automatik's avatar

Automatik

Senior Member

14,632 posts
Apr 4, 2012 2:58 PM
Yeah $10/gallon gas. That will happen. :rolleyes:

Why do people continue to take this guy seriously?
Apr 4, 2012 2:58pm