Inflation and everything

[Edfrozen]

What a lot of guys are not figuring is inflation. Not necessarily the inflation of the last few months but the inflation of the past 20-30-50 years. What was the price of anything 10 years ago probably half the price. What was the price of a movie ticket 30 years ago two dollars ? popcorn $.50 ? now they are 10 times that.
Autos, homes , food , rent, EVERYTHING!!
So why expect watch prices to return to levels of 5-10-15 years ago?
The dollar and all paper currencies have been devalued 10 fold during the last 50 years . You know when evaluated in dollar terms that has not lost purchasing power ?

GOLD and I am not a “ gold bug”


Just bringing up a point

[goldboy]

The entire credit based financial system is slowly collapsing, the only tow tools in place are hiking rates and printing more money. It won’t last forever and that’s why we see people jumping ship to things like bitcoin. But yes this has certainly affected the watch market.

[Tim Plains]

I don't think anyone is expecting $4,000 Submariners. Just that the most anyone should pay is whatever MSRP is.

[Andad]

Originally Posted by Edfrozen

What a lot of guys are not figuring is inflation. Not necessarily the inflation of the last few months but the inflation of the past 20-30-50 years. What was the price of anything 10 years ago probably half the price. What was the price of a movie ticket 30 years ago two dollars ? popcorn $.50 ? now they are 10 times that.
Autos, homes , food , rent, EVERYTHING!!
So why expect watch prices to return to levels of 5-10-15 years ago?
The dollar and all paper currencies have been devalued 10 fold during the last 50 years . You know when evaluated in dollar terms that has not lost purchasing power ?

GOLD and I am not a “ gold bug”


Just bringing up a point

Google ‘10 things that are cheaper now than they were 10 years ago’ and get back to us.

[Reikolexguy]

Originally Posted by Andad

Google ‘10 things that are cheaper now than they were 10 years ago’ and get back to us.

Fiat currency


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[INC]

Originally Posted by Andad

Google ‘10 things that are cheaper now than they were 10 years ago’ and get back to us.

Not ten, but some:

Mobile communications,
High-end IT hardware,
High-end electronics, like TVs and so on,
Former luxurious gadgets in the cars,
Wages,
Currencies versus USD,
Silver stock price,
Crude oil price,
Slowly, but surely Bitcoin, and the other Cryptos,
Human life.

[WILLIWALKER]

It is undeniable that we are at a tipping point from our world to another. As humanity has known thousands of times or hundreds of thousands.
Everyone is at least in agreement on this fact, from the religious to the bankers.

[Calatrava r]

One thing about Rolex from what I understand is their numerous price increases have outpaced the rate of inflation over the years when you figure the price of a Rolex watch say in 1960 and now. So, is a decline in used Rolex prices to real inflation adjusted prices possible?

[Chester01]

Originally Posted by Edfrozen

What a lot of guys are not figuring is inflation. Not necessarily the inflation of the last few months but the inflation of the past 20-30-50 years. What was the price of anything 10 years ago probably half the price. What was the price of a movie ticket 30 years ago two dollars ? popcorn $.50 ? now they are 10 times that.
Autos, homes , food , rent, EVERYTHING!!
So why expect watch prices to return to levels of 5-10-15 years ago?
The dollar and all paper currencies have been devalued 10 fold during the last 50 years . You know when evaluated in dollar terms that has not lost purchasing power ?

GOLD and I am not a “ gold bug”


Just bringing up a point

There is inflation and then fake scarcity created by the gray market using powerful tools (internet). My sub was 3250 in 1998, the retail now is like what 10k? That’s inflation. Now going through the gray and paying another 5k on top of that is hype. They can stuff it.

[mountainjogger]

Inflation has no bearing on whether a current production mass produced watch is worth more than MSRP.

[saltyandwet]

Originally Posted by Andad

Google ‘10 things that are cheaper now than they were 10 years ago’ and get back to us.

Flat screen TVs. DVD players, hard to find but they are there and are cheaper than a sandwich.

[ArtNouveau]

My first Rolex was bought new over 30 years ago. Rolex prices have outpaced inflation ever since, they are based on what the market will bear versus some true economic factor.
PS: I’m sure glad I don’t face each new day worrying and dreading life. I’ve lived through many financial crises, still here.

[JSolution]

Originally Posted by WILLIWALKER

It is undeniable that we are at a tipping point from our world to another. As humanity has known thousands of times or hundreds of thousands.
Everyone is at least in agreement on this fact, from the religious to the bankers.

Wtf????

[Krash]

Originally Posted by INC

Not ten, but some:

Mobile communications,
High-end IT hardware,
High-end electronics, like TVs and so on,
Former luxurious gadgets in the cars,
Wages,
Currencies versus USD,
Silver stock price,
Crude oil price,
Slowly, but surely Bitcoin, and the other Cryptos,
Human life.

Problem is that the most basic human necessities are most certainly not cheaper:

- Food
- Housing
- Healthcare insurance and the cost of healthcare in general.

If you want to make inflation a lot worse, here’s the recipe.

1) Shut down the economy and supply chains because of a pandemic, thereby increasing the demand (and prices) for unavailable goods and resources
2) Employ policies that make energy much more expensive and then throw a war on top of that to make the energy policies even more inflationary
3) Pass spending/stimulus legislation worth trillions and trillions and trillions over a period of several years, thereby devaluing the dollar and/or other currencies
4) Print money thereby further devaluing the dollar and/or other currencies

It’s just like baking a cake.


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[INC]

I didn't told that to live your life became easier. I simply responded, that there are several things which are far cheaper than 10yrs ago.

[superdog]

Originally Posted by JSolution

Wtf????

Agree. Wtf

[1st amg]

I sense a shut down on this thread coming.


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[GB-man]

[brandrea]

Lots of things have changed including two income families.

[enjoythemusic]

Yes, out of necessity two incomes are now a must (or two jobs). This begs the question of societal problems due to forcing more labor to survive.

For example, the downtrend in child and family care... though there are other problems caused by forcing more labor and less family togetherness.

[Krash]

Originally Posted by GB-man

Sort of ironic since this post is the biggest over reaction in this thread.


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[HHIslander]

You could cut and paste this conversation into any time of the past 120 years and find lots of people banking on the collapse of this, the end of that, doom and gloom, etc. Historically, they’ve been more than wrong.

If you’re looking for utopia, you’re on the wrong side of the grave. This world isn’t perfect, but there’s no better time to be alive than the present. Unfortunately, this kind of thinking doesn’t sell clicks, meds, therapists, etc.

[Krash]

Originally Posted by HHIslander

You could cut and paste this conversation into any time of the past 120 years and find lots of people banking on the collapse of this, the end of that, doom and gloom, etc. Historically, they’ve been more than wrong.

If you’re looking for utopia, you’re on the wrong side of the grave. This world isn’t perfect, but there’s no better time to be alive than the present. Unfortunately, this kind of thinking doesn’t sell clicks, meds, therapists, etc.

Maybe I missed it, but I didn’t see anyone talking about the end of the world. Either way, this inflation is not good; especially not for the working class folks. Plus, it was totally avoidable.

EDIT: I did see a post about the collapse of banking. Banks actually benefit from the higher interest rates triggered by inflation. That’s not the issue. The issue is the cost of living for every day people.


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[Mifune]

Originally Posted by Edfrozen

What a lot of guys are not figuring is inflation. Not necessarily the inflation of the last few months but the inflation of the past 20-30-50 years.


Just bringing up a point

wha chu talkin bout willis...

who the heck doesn't figure Inflation?



the sooner you stop valuating everything in USD the better off you will be...

[powerfunk]

"WTF Happened in 1971" is a pretty cool website (referring to when the US truly went off the gold standard).

[cartesian Product]

Luxury markets are different. Less affluent spenders cut back on luxury goods when the cost of living rises. But when the wealthy tighten their belts, it's between ostrich or alligator. Demand for luxury goods remains high despite the current economic climate.

[enjoythemusic]

Originally Posted by Krash

...this inflation is not good; especially not for the working class folks.

Agree, and a major problem is there is only 'so much slack' in their consumption-based system until things 'break'. Most economists I see on TV and the Federal Reserve do not really seem to care at all about the 'working poor'. They jawbone, but their actions show they have little care for those who are 'priced out' due to currency devaluation / inflation.

Btw inflation is not avoidable given the current system. imho

EDIT: I did see a post about the collapse of banking. Banks actually benefit from the higher interest rates triggered by inflation.

Agreed, the math proves it as banks are greatly benefitting. The Federal Reserve is giving excellent interest rates to their banking friends while the customer-facing business partner banks (where you bank) gives very little interest. Said another way, the Fed pays their close friends more than they pay suffering end-users. A new mandate needs to be enacted forcing banks to give 'local' customers the same interest rate as inflation. This would help 'stabilize' the currency to some degree as any value in currency loss is equaled by (local) bank deposits.

An added benefit: Local banks can use these deposits to do their normal 20:1 leverage... to provide local loans.

The issue is the cost of living for every day people.

Yes, but as I stated earlier the system does not care. They know income increases for workers lags currency devaluation.

[Star Ferry]

The best fix for inflation I've ever heard of is to stop consuming. Let's say (hypothetically, of course) my household of two adults is bringing in 500,000 USD per year in income. The elite expect us to behave as they've trained us, which means a big mortgage, personal cars, children, and a taste for expensive wine. But we have none of those things.

[AzPaul]

Originally Posted by powerfunk

Had no idea they were tracking the Consumer Price Index back in 1775
You learn something new every day on TRF
Wonder if the current CPI tracks the price of tallow

[JoeJoeBobo]

Originally Posted by Star Ferry

The best fix for inflation I've ever heard of is to stop consuming. Let's say (hypothetically, of course) my household of two adults is bringing in 500,000 USD per year in income. The elite expect us to behave as they've trained us, which means a big mortgage, personal cars, children, and a taste for expensive wine. But we have none of those things.

All things TRF was built on.