Prices SHEESH!


 
Just got back from the store. Picked up a chuck roast at just a couple cents under $8/pound. That used to be the cheap cut of meat. We only use it in vegetable soup. It cost nearly the same as a much nicer rump roast,
 
JSaus said:
Just got back from the store. Picked up a chuck roast at just a couple cents under $8/pound. That used to be the cheap cut of meat. We only use it in vegetable soup. It cost nearly the same as a much nicer rump roast,
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Paid $7.99/lb a chuck roast today. Burgers are getting expensive!
 
John_NJ said:
I’m in my 60’s and have a pretty good memory.

Have consumer goods “gotten expensive” or have we been living in a bubble the last 30 years where consumer goods have been relatively “cheap” and are now more realistically priced?

In my opinion, the latter
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I retired from the Navy 34 years ago and have had to ride out the economic ups and downs. Consumer goods have risen steadily through those years so I didn't experience the bubble you're talking about. During the recent inflationary surge I have seen prices rise more quickly. That's what people are feeling in their wallet.
 
Lew Newby said:
I retired from the Navy 34 years ago and have had to ride out the economic ups and downs. Consumer goods have risen steadily through those years so I didn't experience the bubble you're talking about. During the recent inflationary surge I have seen prices rise more quickly. That's what people are feeling in their wallet.
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Consumer goods were more expensive before The People’s Republic of China became the world’s factory floor.

Now that the world has figured out that China is a military threat, the world is putting back.

The days of $300 [insert “should be more expensive” consumer item here] with all the bells and whistles is hopefully coming to an end.

All the comments above are strictly my opinion.
 
John_NJ said:
Consumer goods were more expensive before The People’s Republic of China became the world’s factory floor.

Now that the world has figured out that China is a military threat, the world is putting back.

The days of $300 [insert “should be more expensive” consumer item here] with all the bells and whistles is hopefully coming to an end.

All the comments above are strictly my opinion.
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Some may not remember this, but I knew it was a big mistake when Nixon sent Kissinger over there in '71.

en.wikipedia.org

1972 visit by Richard Nixon to China - Wikipedia

en.wikipedia.org en.wikipedia.org
 
LMichaels said:
I do. I also recall thinking "This is the beginning of the end".
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Me, too. You probably also remember the hue and cry when the national debt hit $1 trillion? Now it's $33T. I'll never figure out how the gov't can get away with that and I can't.
 
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