Inflation redux
Beanie
Peter
> http://news.yahoo.com/s/ap/20110214/ap_on_re_us/us_clothing_prices
http://money.cnn.com/2011/02/10/markets/dollar/index.htm
About half way down the page is Mr. Bernanke defending the case that
there really is no inflation ...
Perhaps its just me, but I don't necessarily believe him.
Beanie
"Peter" <w2...@hotmail.com> wrote in message
news:f3300f2f-c2be-4347...@r19g2000prm.googlegroups.com...
http://money.cnn.com/2011/02/10/markets/dollar/index.htm
--------------------------------------------------------------
It's fairly easy to tell when Big Ben is lying - his lips are moving.
oly
++++++++++++++++++++++++++++++++++++++++++
This summer, I bought three nice lightweight summer button down shirts
for $10 each at Wally-world. Dressy enough to wear on casual Fridays
at work.
This Saturday, I bought another copy of one of those shirts for $3.
exact same thing. Seasonal clearance.
++++++++++++++++++++++++++++++++++++++++++
The folks who have been pointing out the rising price of cotton and
positing that as a potential source of inflation in America are
forgetting one damn thing.
The average middle class American has five to ten years worth of
clothing in their closets already, and lots of that is barely used!!!
I know that sounds snotty, and I know that it's not true for
everybody, but it IS true for a lot of people (my wife, my daughter
and myself included).
What do you think fuels America's incessant garage sale industry???
If clothes price do go up 70% in line with the price of cotton (and it
ain't happened yet), gee, I don't have to buy any, none, zero. For
years, literally. And its going to take several years before I even
start to look remotely ratty.
oly
Beanie
news:922665c2-df8a-4311...@k17g2000pre.googlegroups.com...
>If clothes price do go up 70% in line with the price of cotton (and it ain't
>happened yet), gee, I don't have to buy any, none, zero. For years, literally.
>And its going to take several years before I even start to look remotely ratty.
Being retired makes my wardrobe choices simple ones.
If cold: jeans and a flannel shirt or a sweatshirt, worn with an undershirt.
If mild: omit undershirt
If hot: shorts and a tee shirt or Hawaiian shirt.
oly
> "oly" <oly2...@aol.com> wrote in message
But that's the beauty of it all - inflation in inexpensive clothing
means nothing, but nothing, to the average American.
We don't gotta buy nothing, clothes-wise.
We buy out of force of bad habit, spending as recreation, not
necessity.
If they raise prices stupidly, I can outwait the clothing retailers,
who ain't gonna be eating if they can't sell some rags. I really
really can.
oly
Bremick
"Beanie" <b...@ea.ne> wrote in message news:ijc78k$47f$1...@speranza.aioe.org...
Also retired, I haven't bought a suit in 30 years and the emergency one
I have now is useful as long as I don't have to breathe. I plan to buy a
conservative new one in the next week or so, considering my age and the age
of my friends. I guess I should avoid cotton. I also haven't bought a pair
of dress shoes in about the same 30 years. My one pair of emergency
semi-dress shoes began to shed their rubber soles in big dry rot chunks
during a funeral last month. I bought a replacement pair last week. I have
one tie. Who needs more? I have one pair of emergency black socks to wear
with my emergency shoes. Otherwise, it's white sports socks year round
along with a wardrobe similar to yours. I have two Hawaiian shirts. One
was bought in 1969 in Honolulu, the other was a TV show replica bought in an
Oahu market on impulse at the height of the Magnum PI craze. Neither one
fits but I still keep them. What size are you?
Jud
tie to work, I now wear T-shirts, jeans, white athletic socks, and
sneakers almost exclusively. I don't miss wearing that 'rope' around
my neck, or having to dress up for the sole reason of impressing
customers. As is the case with previous posters, I could probably wear
the same clothes that are in my closet for the remainder of my life,
with the exception of occasionally replacing underwear, socks, and
sneakers. Life after work is good. I highly recommend retirement, with
the caveat of keeping the cost of living in mind. I thought that
allowing for a 5% cost of living increase per year was reasonable, but
that was before health care, and gasoline prices skyrocketed, and the
stock market wiped out 47% of my investments. Luckily I haven't been
forced to sell any of my collections (yet).
Jud -Don't touch my Social Security!-