In 1995, I kept a $20 in my pocket.
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As for forgiving debt. I can imagine car loans might be next. Or some sort of incentive. Crush your combustion engine car by way of crushinator, and the government will call it even.
In 1995, I kept a $20 in my pocket.
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As for forgiving debt. I can imagine car loans might be next. Or some sort of incentive. Crush your combustion engine car by way of crushinator, and the government will call it even.
Cocoa $11,000 per tonne.
I think this was mostly priced in.This quote is hidden because you are ignoring this member. Show Quote
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Anyone know how far along the KXL pipeline is from our end? 50%? 75%?
Do you finish the job? Or abandon it? Is that how it works?
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I was going to elaborate on that by saying that even before gasoline, you still had feed for your horse and buggy maintenance to think about. Or that back in early times everyone was an entrepreneur that lived a barter lifestyle and didn't rely on paychecks from a job since their were few. But it was a flawed argument to start with, you can split hairs like this all day and make whatever crazy comparisons you want. But there is a reason that Economists look at it the way they do. The major flaw I see is nobody seems to include taxation in their calculations despite it being one of the biggest considerations in buying power.
I agree. The debate I was having with Buster is that he is arguing purchasing power, but his argument reflects more of a quality of life argument. Everything he is putting forward is a time saver or to make something easier. That's quality of life. When your basic necessities take up more of your disposable income, you have less discressionary cash to spend, thus less purchasing power. If the relative costs of living went down from 1974, then he would be right, but, the data I have seen suggests the opposite, that free cash has gone down.This quote is hidden because you are ignoring this member. Show Quote
Boosted life tip #329
Girlfriends cost money
Turbos cost money
Both make whining noises
Make the smart choice.
Originally posted by Mibz
Always a fucking awful experience seeing spikers. Extra awful when he laps me.
Mexican illegals are for sure happy now, those that endured the last four years that is.
Cocoa $11,000 per tonne.
Shouldn't the "basket of goods" that the Consumer Price Index and thus inflation uses help to settle this argument?This quote is hidden because you are ignoring this member. Show Quote
Or, had that changed too much over this period of time?
I'm not here to sway your anyone's debate on purchasing power vs quality of life because I think both play a role in having a reasonable lifestyle through reasonable cost, but I just thought it's important not to forget that a lot of other factors play into when people they that have stifled purchasing power.This quote is hidden because you are ignoring this member. Show Quote
I believe a lot of people would be much further along if they had more financial savvyness, but that's coming from a place of privilege and opportunity that not everyone has.
I'm reminded of the saying, "Stop buying things we don't need with money you don't have to impress people you don't like."
Big Mac Index is the only fair way to do this.
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your definition of purchasing power is too narrow to have utility in comparing long term time frames.This quote is hidden because you are ignoring this member. Show Quote
BOGO tho....This quote is hidden because you are ignoring this member. Show Quote
I suppose one could argue that having a shit box with no debt and some nice things is probably better than all the people holding a piece of that trillion dollar car debt to drive something flashyThis quote is hidden because you are ignoring this member. Show Quote
Actually I was just being and idiot and didn’t realize US markets were closed today. Their tsx ticker was down 4.5% so that makes more sense now.This quote is hidden because you are ignoring this member. Show Quote
Of course, you can find examples that are all over the spectrum. Broke people can drive $800, $8k, or $80k cars.
Having no debt to your name is the goal.
Anyway, I digress. This isn't a thread on consumer debt.
well that’s no fun!!This quote is hidden because you are ignoring this member. Show Quote
Gotta say though, day one priority to kill XL shows no prisoner on oil. Hawaiian welfare bum looking mighty tempting. Sell all vehicles, hit the beach and live on pineapples and shellfish.
I mean really, six digit Hawaiian welfare recipient is a solid lock now.
Last edited by ZenOps; 01-19-2021 at 12:36 PM.
Cocoa $11,000 per tonne.
As usual ZH has the most concise sum up of changes:
https://www.zerohedge.com/markets/bi...00-day-masking
I do wonder how much of the Mexican border wall actually got built. Assuming that laziness will win the day, its not going to be dismantled, so its just going to be a completely ineffectual wall with missing sections.
Democracy means: Spend a billion on a wall that anyone can walk around, Spend a billion on a pipeline that hooks up to nothing. Dynastic rule through kingdoms where projects actually get finished must be starting to look good to someone. Is China laughing right now? At least they built a functional wall.
Last edited by ZenOps; 01-20-2021 at 11:05 AM.
Cocoa $11,000 per tonne.
A lot of the border had walls before Trump, and a little more has walls now. It was never really an "end to end" single wall in concept or execution.This quote is hidden because you are ignoring this member. Show Quote
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It's impressive that 1/4 of the 2000 mile border is walled. It's unimpressive that only 80 miles of it is new fence.This quote is hidden because you are ignoring this member. Show Quote
but turmp made dat walllllllllll!!!!!!!!!This quote is hidden because you are ignoring this member. Show Quote
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