LJ
Posts: 16,351
Apr 3, 2012 4:53pm
That only shows non adjusted historic prices. Link to your claim that it hasn't caught up with inflation yet?sleeper;1135779 wrote:http://research.stlouisfed.org/fred2/
Fab1b
Posts: 12,949
Apr 3, 2012 4:54pm
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!
DeadliestWarrior34
Posts: 3,101
Apr 3, 2012 5:30pm
[video=youtube;Dl8X7fqOUQo][/video]bigdaddy2003;1135784 wrote:Sorry I'm a little slow today. What does this mean?
G
gut
Posts: 15,058
Apr 3, 2012 6:01pm
Either that, or gold is overvalued right now. I know a gold bug would never go along with that logic, though.Cleveland Buck;1135782 wrote:Oil is historically cheap right now. It is if you pay for it in gold anyway.
bigdaddy2003
Posts: 7,384
Apr 3, 2012 6:02pm
Ah yes I remember now. Thanks.DeadliestWarrior34;1135804 wrote:[video=youtube;Dl8X7fqOUQo][/video]
sleeper
Posts: 27,879
Apr 4, 2012 9:49am
http://research.stlouisfed.org/fred2/series/BASELJ;1135785 wrote:That only shows non adjusted historic prices. Link to your claim that it hasn't caught up with inflation yet?
Inflation is only 3% though right?
LJ
Posts: 16,351
Apr 4, 2012 9:55am
So what does that have to do with the fact that gas is right where it should be today, April 4th 2012?sleeper;1136467 wrote:http://research.stlouisfed.org/fred2/series/BASE
Inflation is only 3% though right?
S
Steel Valley Football
Posts: 4,548
Apr 4, 2012 10:02am
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.
M
MontyBrunswick
Apr 4, 2012 10:08am
gas more like ass
sleeper
Posts: 27,879
Apr 4, 2012 10:23am
You're under the assumption that the government is accurately reporting inflation. Hint: It's not.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?
LJ
Posts: 16,351
Apr 4, 2012 10:29am
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.sleeper;1136506 wrote:You're under the assumption that the government is accurately reporting inflation. Hint: It's not.
sleeper
Posts: 27,879
Apr 4, 2012 10:42am
It all evens out? You're such a fraud. How your employed with a salary is beyond me.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.
LJ
Posts: 16,351
Apr 4, 2012 10:48am
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.
B
bigkahuna
Posts: 4,454
Apr 4, 2012 10:59am
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
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
sleeper
Posts: 27,879
Apr 4, 2012 11:28am
Both are true. Enjoy!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.
W
wkfan
Posts: 1,641
Apr 4, 2012 11:29am
Tell 'ya what....Michigan can have Toledo.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
sleeper
Posts: 27,879
Apr 4, 2012 11:36am
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.
sleeper
Posts: 27,879
Apr 4, 2012 11:38am
And LJ votes too. Fuck.
LJ
Posts: 16,351
Apr 4, 2012 11:39am
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.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.
sleeper
Posts: 27,879
Apr 4, 2012 11:40am
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". LOLLJ;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.
LJ
Posts: 16,351
Apr 4, 2012 11:43am
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?
W
WebFire
Posts: 14,779
Apr 4, 2012 11:48am
4.13 in my little town. 3.77 where I work 22 miles away.
sleeper
Posts: 27,879
Apr 4, 2012 2:38pm
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: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?
S
sportchampps
Posts: 7,361
Apr 4, 2012 2:55pm
Perception is reality
Automatik
Posts: 14,632
Apr 4, 2012 2:58pm
Yeah $10/gallon gas. That will happen. :rolleyes:
Why do people continue to take this guy seriously?
Why do people continue to take this guy seriously?