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IBDvalueinvestin (99.66)

Remember the 1970's?

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March 19, 2009 – Comments (8)

When average factory worker was making $100/wk

Then 10yrs later they were making $300/wk

 

Thats whats going to happen by the time 10yrs passes.

 

People earning $50k today will be earning $150K in 10yrs.

Thats called inflation.

Those that buy houses today will basically be buying them for almost free when you factor in inflation.

My dad bought a house in 1974 for 30k and sold it in 1992 for 200k thats a huge markup all caused by Inflation.

8 Comments – Post Your Own

#1) On March 19, 2009 at 4:11 PM, Varchild2008 (84.50) wrote:

1 quarter used to buy a nice dinner with a glass of wine and a piano guy playing your favorite tune.

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#2) On March 19, 2009 at 4:23 PM, motleyanimal (51.77) wrote:

That's it. I'm jumping into the Time Vortex tonight.

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#3) On March 19, 2009 at 4:53 PM, checklist34 (99.73) wrote:

thats why america will always win in the end.  We are a group of ambitious optimistic people that are interested in a better day and looking for a way to find one.

if we get hit with inflation, the prepared and the clever will find a way to profit from it.  if we don't, ditto. 

to the victor the spoils, may each of us choose our strategy wisely, and good luck to all especially those who's strategy is similar to mine.

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#4) On March 19, 2009 at 5:09 PM, XMFSinchiruna (27.12) wrote:

Throughout the ages, it is often noted, an ounce of gold has sufficed to purchase a finely tailored men's suit.

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#5) On March 19, 2009 at 5:13 PM, dudemonkey (37.88) wrote:

I love how, no matter what the economic climate, someone in the country finds a way to turn it into free houses.

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#6) On March 19, 2009 at 5:30 PM, hondo928 (99.46) wrote:

I mean if you can get a mortgage now at 5% it's a steal because 5 years in the way retard and co. are going interest rates will be 10%...you will basically be getting payed to take out a loan.

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#7) On March 19, 2009 at 5:56 PM, binve (< 20) wrote:

TMFSinchiruna, Right on!

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#8) On March 19, 2009 at 6:42 PM, TDRH (99.49) wrote:

The salary is one thing, but the actual purchasing power is another.

Today a 6pk of Heineken clost $8.99

In 10 years it will cost $90.

 Time to invest in beer making equipment. 

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