Subject: Re: Re: Re: PROOF

Comments:
: : Ken, : Oh, I get it now! : You were saying : : If you earned 127k in 1990, and by using ONLY the goods and services examples you gave me, you would need 250k today to buy those things. : Is that what you meant? : If it is, you didnt state that in your original post. : So, is that EXACTLY what you meant? : Eric : -------------------------------------------------- : : : : KEN: : : : This is from the SIA Investor site, one of hundreds that have info on this matter: : : : http://www.siainvestor.com/categories/investingessentials/inflation/inflation_011.htm : : : ------------------------------------------------------------------------------------------------------- : : : “You can think of inflation in two ways: : : : (1)Persistent increases in the costs of goods and services : : : (2)Persistent decreases in the buying power of the dollar : : : Either way, inflation is the opposite of stable prices, and over time can erode the purchasing power of your money. For example, you can buy somewhat less with a dollar today than you could have bought five years ago, and significantly less than you could have bought fifty years ago. So if you have the same amount of income each year, your purchasing power gradually shrinks. : : : How to calculate the purchasing power of money: : : : The consumer price index (CPI) is the most widely used measure of inflation. The index is figured each month by computing the percentage of price changes for 80,000 different goods and services. The CPI is used as a benchmark for determining adjustments to new labor contracts, Social Security payments, and tax brackets. Some economists, however, believe that the CPI regularly overstates inflation by 1.5%.” : : : ---------------------------------------------------------------------------------------------------- : : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx : : ERIC: : : Dr. Leonard simply told you that you had not understood and repsonded to the examples that I had provided to you. : : You started the whole wishy washy string my putting the $127,000 of earnings I made in 1990. : : Dr. Leonard was telling you that a rule of thumb example as I stated and used would be correct, nothing nothing more than that. : : The rule of thumb I uses was that of practicle experience I personal had, nothing more than that. : : Now, if you want to go back and review my posting, let's once again use the favorite loaf of bread I offered as an example that in twelve years had increased in price from $1.09 to a cost in 1992 to $2.49. : : That true comparison is greater than the rule of thumb percentage I used an an example. : : You simply could not comprehend what I was posting in my message to you and that is all Dr. Leonard was saying to you when he declared you the loser. : : You were declared the loser just because you didn't take the time to absorb what I had stated in my response message to you, nothing more than that. : : Ken Young : : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx : : : It is this CPI that I used to calculate inflation, therefore calculating the time value of money, therefore calculating 127k in 1990 = 176k in 2002. As you can see, If Dr. Leonard was an Economist, he would know this. : : : THERE IS YOUR PROOF. : : : IF YOU CANT UNDERSTAND OR ACCEPT THIS, YOU ARE CLUELESS. : : -------------------> ERIC, that's not proof, that's simply confirmes what Dr. Leonard stated that being, you did not understand what was stated in my message. : : Here you are on this board also attempting to make a Federal Case out a insignificant error on your part in interpreting the information in a posted message to you. : : Good grief man!!! This is message board number three (3) you have gone paranoia and bonkers on in just a couple of days. : : Have you asked Steve and/or Mike if it is okay to do that? : : Phew. : : Ken Young : : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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