Dow tops 9000 as home sales rise

[rjwjr]

Re: Dow tops 9000 as home sales rise

Anyway, in case none of you watch TV. It's not me in the avatar. Sorry to disappoint.

You kidding me, we're Americans, we watch 26 hours of TV a day. And I still don't know who the f%&$#k that is.

[rjwjr]

Re: I kept thinking of Nero

No mention of skyrocketing chocolate prices, so obviously not a complete piece.:cool:

Nothing on cruise lines either?

[rjwjr]

Re: Dow tops 9000 as home sales rise

OK, now I know where I've seen him before.

Funny as hell, flintlock. But now you owe me half a Coke and a new keyboard.

[metalman]

Re: Dow tops 9000 as home sales rise

Anyway, in case none of you watch TV. It's not me in the avatar. Sorry to disappoint.

be a sport and change your avatar to...



pretty pls!

[nero3]

Re: Dow tops 9000 as home sales rise

You kidding me, we're Americans, we watch 26 hours of TV a day. And I still don't know who the f%&$#k that is.

Ok, I change my avatar then , whatever.

[flintlock]

Re: Dow tops 9000 as home sales rise

Funny as hell, flintlock. But now you owe me half a Coke and a new keyboard.

Sure, I'll pay you when all my shorts pay off in a few months.



Nero, thanks for being a good sport.

I hope you are not trying to claim Macgyver for Norway! He's one of us fat lazy Americans.

http://www.youtube.com/watch?v=PUxxI28zhNc

[nero3]

Sure, I'll pay you when all my shorts pay off in a few months.



Nero, thanks for being a good sport.

I hope you are not trying to claim Macgyver for Norway! He's one of us fat lazy Americans.

http://www.youtube.com/watch?v=PUxxI28zhNc

Well, Norwegian ancestors is very common in the US. Warren Buffet have it as well. Well, I stop now, before I really get started.

[snakela]

Re: Dow tops 9000 as home sales rise

The dollar just keeps dropping lately against the NOK. now it's 6,14. When the crisis was at it's worst, in nov last year, it was far above 7. My guess is that the dollar could be heading to between 4 and 5. The dollar have been dropping a 1% or more each day for quite some time now. What's strange is that gold is not reacting.

Maybe we are seeing an inflation-deflation combo that nets out the CPI. Asset deflation ( which would include gold) while the dollars are being debased from QE. Perhaps that is netting out the gold. Just a thought. I would have expected gold to generally move with oil or food but it hasn't.

Concerning residential real estate: remember that 1st time homebuyer credit. I personally know three twenty-somethings that hurried to buy houses to get some of that cheese. At least one guy was in a short bidding war. I don't know if that was because demand was high or the house was just priced too low initially.

I know these are all anecdotes but that emotional response observed from real human interaction vs. charts can help explain the "irrationality" we are seeing that leads to these debates.

[FRED]

Re: Dow tops 9000 as home sales rise

Maybe we are seeing an inflation-deflation combo that nets out the CPI. Asset deflation

Bravo! That is our message since 2006.

[charliebrown]

Re: Dow tops 9000 as home sales rise

how much of the decrease in traded goods is due to the hedonistic/quality? adjustments? Cars are shown on a downward trend, since 1995. I don't have hard facts but I'm sure a standard sedan in in 1995 wasn't around 20k like it is now. I must admit that the quality of cars have increased since 95. some of these improvements lower my cost of ownership with less repairs and longer vehicle life, and thus really should be counted as improvements that lower the cost. But, a lot of the improvements have been the equivalent of "shiny beads" such as power seats, mirrors. etc. how much of the car's price decline as a result of these adjustments?

Same goes for T.V's, and other goods. I know my dad's last TV in 1992 was a nice 27" set for around $500.00. I just looked it up on walmart. A name brand 26" lcd T..V. is $300.00 Now this is an HDTV, so it is a little better in quality. Will it last over 10 years like my Dad's?? If we look at the graph for a
TV in 1992 price appears to be around 70. The comparable TV is 300.00 now.
so the CPI for TV's graph should read 300/500*70 = 42. Graph reads around 25 where it ends in 2005. I only have one data point, but is the difference between 42 and 25 the quality/hedonistic adjustment?

What this argues for is that CPI is higher than stated. The price of traded goods is higher than the graph shows because of the adjustments for supposedly quality improvements. In a previous thread it talked about the deteriroating quality of household appliances. Is this taken into consideration on how long the item lasts?? Or is it only the same item then and now?