Subject: Re: KENS OWN EXAMPLES

Comments:
: To: Ken : From :Eric : Ken, You state: : "That is the reason Dr. Leonard stated that we both were right but you lost because the examples I had given to you of my personal purchases of goods and services where misinterpreted by you and in fact those examples of goods and services that I had provided to you were correct." : Ok, you say STILL that I misinterpreted the personal examples of goods and services you gave me. Well, here they are, lets take a look at them: : PS - this is the link where you posted them: : http://forum.onecenter.com/cgi-bin/forum/forum.cgi?c=msg&fid=pfswars&mid=1511 : KENS EXAMPLES: : (1)In 1976 I puchased a home in Dallas, Tx. for $85,000. I sold it in 1988 for $222,000. THIS SHOWS AN INFLATION OF 8.33% : (2)In 1992 I purchased a home in Florida for $201,000 and in 1991 I sold it for $287,000. THIS SHOWS AN INFLATION OF 4.07% : (3)In 1973 I purchased my first Cadillac for $6,300 and the same Caddy today is $42,000. THIS SHOWS AN INFLATION OF 6.76% : (4)In 1963 a cup of coffee was 10-cents and today it is $1.35. THIS SHOWS AN INFLATION OF 6.90% : (5)In 1974 a three-egg breakfast with toast and coffee was 99-cents at a restaurant and today that same breakfast is $3.95. THIS SHOWS AN INFLATION OF 5.07% : (6)A pair of Nunn Bush shoes in 1990 was $17.95 and today it costs $44.95. THIS SHOWS AN INFLATION OF 7.95% : (7)I purchased my first new boat and trailer in 1967. It was a 18-footer with a Johnson 85-outboard. Today that same boat would cost you about $21,000. YOU NEVER GAVE THE ORIGINAL PRICE, SO YOU CANT CALCULATE THE INFLATION. : (8)A new Van Husan shirt in 1995 could be purchased for $7.95 and today it costs you $15.95 on sale if you are lucky. THIS SHOWS AN INFLATION OF 10.46% : (9)In 1988 I purchased my wife a medium length mink coat for $1,500. That same coat today costs about Today that same mink coat costs $$6,500 and so on and so on. THIS SHOWS AN INFLATION OF 11.04% : (10)In 1986 I purchased two one-bedroom foreclosed condo units as an investment to rent out. They cost me $27,000 each. Today those same units are going for approximately $125,000 each and the rent on them has tripled. THIS SHOWS AN INFLATION OF 10.05% : There Ken, I have taken YOUR examples, and I have calculated inflation of EACH. : Now we will average them to see if you get your "Rule of Thumb" of 6%, OK???? : 8.33 : +4.07 : +6.76 : +6.90 : +5.07 : +7.95 : +0.00 N/A (no orig price given) : +10.46 : +11.04 : +10.05 : ------- : =70.63 : divided by the nine examples (the boat example not used, no orig value) : 70.63 divided by 9 = 7.85% : 7.85% : YOUR OWN EXAMPLES SHOW AN INFLATION OF OVER 7.8%!!!!!!!! : So, tell us, Kenny Boy, now that I have used your own examples to get a rate of 7.85%... : HOW DID YOU GET YOUR 6% RULE OF THUMB?????? : Answer: You MADE IT UP!, therefore my calculations were correct. : 2.65% inflation to get 176k : 7.85% inflation to get over 312k : Your 6% inflation to get 250k was MADE UP BY YOU, which makes you a liar. You made up figures to pass them off as true, just like a PFS rep will use false and misleading sales tactics to make the sale, you did this to save face, and convince everybody you were right. : But guess what Kenny, I have a calculator, and I saw through yuor lies. Do you deny or dispute these calculations? I HAVE EXPOSED YOU AS THE CHARLATAN. : Eric : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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