Record Gas Prices . .

[kim carnes]

rough ridin' obama.  goddammit about these gas prices.

[HeinBallz]

LOL, I've been away from the dome too long.  Guess there's just been too much going on in the football forums.

inflation

Inflation

Inflation

3 times Pike ended this thread.


According to this chart below, gas is actually cheaper now than it was during the bush years..  LOL at all of you.




 

[steve dave]

now plot the price of gold

[EMAWican]

Gold is not at these prices levels because of inflation hedging.  It's because of demand, especially in the Asian markets, as shown below:




Lolz 

[HeinBallz]

now plot the price of gold

See... SD gets it.

[HeinBallz]

Gold is not at these prices levels because of inflation hedging.  It's because of demand, especially in the Asian markets, as shown below:




Lolz 

nice ten year chart.

[Rage Against the McKee]

Now do housing.

[HeinBallz]

Now do housing.

Are you expecting a different trend line?



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[Rage Against the McKee]

Now do housing.

Are you expecting a different trend line?



Sent from my iPhone using DealWithItBitches.

Yes, slightly, and since the cost of housing has a much greater impact on the actual purchasing power of the dollar to most Americans than the cost of gold or oil, it's also more relevant to your argument.

[bubbles4ksu]

Heinballz, are you taking out loans in the increasingly worthless American dollar and buying gold? Seems like an easy way to get rich if what you say is true.

[8manpick]

Why do we value gold so high? As far as metals go, it isn't particularly useful.

[Rage Against the McKee]

Why do we value gold so high? As far as metals go, it isn't particularly useful.

It's pretty rare, as far as metals go.

[HeinBallz]

Now do housing.

Are you expecting a different trend line?



Sent from my iPhone using DealWithItBitches.

Yes, slightly, and since the cost of housing has a much greater impact on the actual purchasing power of the dollar to most Americans than the cost of gold or oil, it's also more relevant to your argument.

What market? As I see it - housing prices aren't affected as dramatically in the Midwest as they are on the coast; Not to mention gold is global and is subject to the same factors that would effect any other commodity - and housing may be affected by things that might not effect gold - such as unemployment or natural disasters. 

I'm not going to pretend to be an expert on anyting - but I just don't see how it could be any different or more accurate.  Plus I'm feeling kind of lazy right now.  But you're welcome to pull some stats.

Heinballz, are you taking out loans in the increasingly worthless American dollar and buying gold? Seems like an easy way to get rich if what you say is true.

Look at the graph around 1980.  It can collapse.  I suppose if you knew about QE1, QE2 & now QE3 several years in advance this would have been a great idea.  Maybe Lt. Dan will invest all my bubba gump money in some fruit company for me; so I won't have to worry about money no more... which would be nice... you know... one less thing.

[Rage Against the McKee]

What market? As I see it - housing prices aren't affected as dramatically in the Midwest as they are on the coast; Not to mention gold is global and is subject to the same factors that would effect any other commodity - and housing may be affected by things that might not effect gold - such as unemployment or natural disasters. 

The point is that you can't just look at a single commodity like gold or oil (especially oil) and say that we're experiencing hyper-inflation. I could look at only the housing market and say that we must be experiencing massive deflation, but that would be equally as dumb. Gold is very overvalued right now, and eventually its bubble will pop. That will not indicate the dollar getting stronger.

[Trim]

Pay cash.

[HeinBallz]

What market? As I see it - housing prices aren't affected as dramatically in the Midwest as they are on the coast; Not to mention gold is global and is subject to the same factors that would effect any other commodity - and housing may be affected by things that might not effect gold - such as unemployment or natural disasters. 

The point is that you can't just look at a single commodity like gold or oil (especially oil) and say that we're experiencing hyper-inflation. I could look at only the housing market and say that we must be experiencing massive deflation, but that would be equally as dumb. Gold is very overvalued right now, and eventually its bubble will pop. That will not indicate the dollar getting stronger.

Agreed - which is why I listed more than ten years.  I'll admit Gold is a pretty horrible short term indicator of inflation; but you can't deny that over the last 50 it illustrates my point pretty clearly.  And who said anything about hyper inflation? Gas going from 1.50 to 3.50 in 4 years hardly quantifies as hyper inflation - just as the changes you've seen in gold prices don't. 

 


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[8manpick]

Gas going from 1.50 to 3.50 in 4 years hardly quantifies as hyper inflation - just as the changes you've seen in gold prices don't. 

Interesting time choice, since 4 years and a few months ago, gas was more expensive than it is today.

[HeinBallz]

so? 

You want a prediction that you can test my theory against?  July of next year - regardless of what happens in November - you'll see gas over $4.50.

[8manpick]

so? 

You want a prediction that you can test my theory against?  July of next year - regardless of what happens in November - you'll see gas over $4.50.

There wasn't much of a larger point there, just that it may have been better to say 12 years ago or whenever gas was consistently that cheap.  I'm sure we will see gas that expensive.

[06wildcat]

Great thread Dax.

[0.42]

 

[sys]

i get so disappointed when these kinds of threads are bumped and it turns out i didn't (basically didn't) post in them.  goddamnit.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Just waiting on Pelosi to launch those new set of hearings due to the failed energy policies of the Obama administration.  I will admit that she's probably hampered by the minority status of her party in the house, but she's still got a bully pulpit.   Strangely, no cry to the majority by Pelosi to do such a thing.

This is still a fair point

[steve dave]

fun thread

[Dugout DickStone]

This thread is why he is so mad