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Medical Forum / General / Dentistry / May 2005

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Subject: 1975 vs. 2005

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Joel M. Eichen - 03 May 2005 12:39 GMT
FROM:Rod Kurthy!

Joel

Subject: 1975 vs. 2005

1975: Long hair
2005: Longing for hair

1975: KEG
2005: EKG

1975: Acid rock
2005: Acid reflux

1975: Moving to California because it's cool
2005: Moving to California because it's warm

1975: Trying to look like Marlon Brando or Liz Taylor
2005: Trying NOT to look like Marlon Brando or Liz Taylor

1975: Seeds and stems
2005: Roughage

1975: Hoping for a BMW
2005: Hoping for a BM

1975: The Grateful Dead
2005: Dr. Kevorkian

1975: Going to a new, hip joint
2005: Receiving a new hip joint

1975: Rolling Stones
2005: Kidney Stones

1975: Being called into the principal's office
2005: Calling the principal's office

1975: Screw the system
2005: Upgrade the system

1975: Disco
2005: Costco

1975: Parents begging you to get your hair cut
2005: Children begging you to get their heads shaved

1975: Passing the drivers' test
2005: Passing the vision test

1975: Whatever
2005: Depends

Just in case you weren't feeling too old today, this will certainly change
things: The people who started college this fall across the nation were
born in 1986.

They are too young to remember the space shuttle blowing up.

Their lifetime has always included AIDS.

Bottle caps have always been screw off and plastic.

The CD was introduced the year they were born.

They have always had an answering machine.

They have always had cable.

They cannot fathom not having a remote control.

Jay Leno has always been on the Tonight Show.

Popcorn has always been cooked in the microwave.

They never took a swim and thought about Jaws.

They can't imagine what hard contact lenses are.

They don't know who Mork was or where he was from.

They never heard: "Where's the Beef?", "I'd ! walk a mile for a Camel", or
"de plane, Boss, de plane".
They do not care who shot J. R. and don't even have any idea who J. R. is.

McDonald's never came in Styrofoam containers

They don't have a clue how to use a typewriter.

Do you feel old yet? Pass this on to the other old fogies on your list.
Notice the larger type, that's for those of you who have trouble reading.

Brian McKay, DDS

Advanced Cosmetic & Laser Dentistry

P. 206.720.0600

www.acld.com
W_B - 03 May 2005 16:16 GMT
>The people who started college this fall across the nation were
>born in 1986.
>
>The CD was introduced the year they were born.

Nope it was much earlier than 1986.
--

W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com
Vaughn Simon - 03 May 2005 16:21 GMT
1975: Inflation out of control
2005: Inflation out of control

1975: Bulge below my belt
2005: Bulge above my belt

Vaughn

> FROM:Rod Kurthy!
>
[quoted text clipped - 96 lines]
>
> www.acld.com
W_B - 03 May 2005 17:04 GMT
>1975: Inflation out of control
>2005: Inflation out of control

Inflation is almost non existent right now.

>1975: Bulge below my belt
>2005: Bulge above my belt

Viagra.

>Vaughn

--

W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com
Vaughn - 04 May 2005 00:46 GMT
>>1975: Inflation out of control
>>2005: Inflation out of control
>
> Inflation is almost non existent right now.

    No, the government is engaging in creative accounting.  Priced gas
(actually energy) lately?  Housing?  Health care? Have you thought about how out
of control energy cost perculates throughout our economy?  Have you noticed that
your $ is worth about 40% less against the Euro?  And then there is our record
deficit...

    As before, this is one time I hope you are right WB; but I think not.

>>1975: Bulge below my belt
>>2005: Bulge above my belt
>
> Viagra.

    Is that some kinda diet pill?

Vaughn
Charlie - 04 May 2005 01:22 GMT
(from Steven Wright)

Aging?  Not a problem.

I intend to live forever -- so far, so good.

The problem with the gene pool is that there is no lifeguard.

I don't try to keep up with young people.  The sooner you fall behind, the
more time you'll have to catch up.

Experience is something you don't get until just after you need it.

I have a photographic memory...I just ran out of film.
W_B - 04 May 2005 17:23 GMT
>>>1975: Inflation out of control
>>>2005: Inflation out of control
[quoted text clipped - 6 lines]
>your $ is worth about 40% less against the Euro?  And then there is our record
>deficit...

Will stick to energy for right now.
Agree that gasoline is a bit high right now but that largely has to do with
increased demand and obstructionist policies that do not allow for
exploration in say ANWR, and the fact that there hasn't been a
refinery built in the US since the early 70's.
Think gas is high in the US ? Last time I heard a gallon of petrol
in the UK was about $5. Let's also not forget the myriad of boutique
fuels that must be formulated for the various states. This drives up
production costs extensively. A federal standard would be a good thing IMO.
Let's also not forget the amount of taxes on a gallon of fuel, that's another
aspect for late discussion.

As for demand, China is foremost on the list with rapidly expanding petroleum
needs. It's the old saw of supply and demand. So with increasing global demand
an very little being done on our domestic front I don't see fuel prices dropping any
time soon. Think that oil will stabilize in the mid $40's/barrell but get used to $2/gal
for fuel. IIRC the 'break even' point was somewhere around the low to mid 30's/barrell.
With higher fuel prices this will spur exploration and production from sites that are too
costly to persue at lower prices.

Increase fuel costs do 'trickle down' to all aspects of the economy but also spur
development in the oil/gas production/exploration hence increasing supply.

Will tackle the Euro and the deficit at another time.

>     As before, this is one time I hope you are right WB; but I think not.
>
[quoted text clipped - 6 lines]
>
>Vaughn

--

W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com
Vaughn - 04 May 2005 22:39 GMT
>>> Inflation is almost non existent right now.
>>
[quoted text clipped - 8 lines]
> Will stick to energy for right now.
> Agree that gasoline is a bit high right now...

    There is more to the cost of energy than just gasoline pump prices, but
they certainly make a potent example!

> but that largely has to do with
> increased demand and obstructionist policies that do not allow for
> exploration in say ANWR, and the fact that there hasn't been a
> refinery built in the US since the early 70's.

    ..or any government action to curb our own growth in consumption; not even
bothering to jawbone the issue.  That dude over at the next pump filling the
huge tank of his 9 mpg SUV is running up energy prices for everyone, not his
him(her)self

> Think gas is high in the US ? Last time I heard a gallon of petrol
> in the UK was about $5.

    Taxes

> Let's also not forget the myriad of boutique
> fuels that must be formulated for the various states. This drives up
> production costs extensively. A federal standard would be a good thing IMO.

    One size fits all?  And I thought I was the bureaucrat here.

> Let's also not forget the amount of taxes on a gallon of fuel, that's another
> aspect for late discussion.

    Taxes can certainly be a component of inflation.

> As for demand, China is foremost on the list with rapidly expanding petroleum
> needs.

    We have no room to talk.  Just go out and look at the monsters that are
clogging our main roads!

>It's the old saw of supply and demand.

    Yes, and the government could do something about demand, but doesn't seem
to care.  The most effective thing that our government has ever done in that
respect is the CAFE standards.  Yet the last two administrations have stood by
and done nothing while they have been circumvented, mostly with bogus "trucks"
that are actually family cars.

> Increase fuel costs do 'trickle down' to all aspects of the economy but also
> spur
> development in the oil/gas production/exploration hence increasing supply.

     That is like saying that deadly diseases may be bad, but they sure do spur
the casket industry.  If we applied common sense and technology, we would have
less need for the above and we could apply that effort to producing things that
would more benefit our economy.

Vaughn
clintonz@prodigy.net - 04 May 2005 23:15 GMT
> >>> Inflation is almost non existent right now.
> >>
[quoted text clipped - 11 lines]
>      There is more to the cost of energy than just gasoline pump prices, but
> they certainly make a potent example!

I agree with Vaugh. How much is the cost of a movie ticket/ a gallon of
milk/ a gallon of gas/ a visit to the doctor/dentist?

That other poster also had a good point about the decreasing
supply of oil and peak production occurring right now.

Wouldn't surprise me if oil prices continue to rise-->
that drives inflation--> which takes off---> Real estate
and housing costs should also continue to rise becasue of
increased population, less building space.

Also it appears that because of global warming there is more
drought and other weather affecting agriculture which can only
drive prices up.

Conclusion-real inflation is rising and will continue to rise
in the near future.

> > but that largely has to do with
> > increased demand and obstructionist policies that do not allow for
> > exploration in say ANWR, and the fact that there hasn't been a
> > refinery built in the US since the early 70's.

In 20 years you'll be driving a solar car...
W_B - 09 May 2005 20:07 GMT
>>>> Inflation is almost non existent right now.
>>>
[quoted text clipped - 11 lines]
>     There is more to the cost of energy than just gasoline pump prices, but
>they certainly make a potent example!

Agreed.

>> but that largely has to do with
>> increased demand and obstructionist policies that do not allow for
[quoted text clipped - 5 lines]
>huge tank of his 9 mpg SUV is running up energy prices for everyone, not his
>him(her)self

I just don't agree that the government fixes anything, especially when it
comes to oil/gas

>> Think gas is high in the US ? Last time I heard a gallon of petrol
>> in the UK was about $5.
[quoted text clipped - 6 lines]
>
>     One size fits all?  And I thought I was the bureaucrat here.

IIRC there a something like 170+ different formulations.
That's just plain crazy.

>> Let's also not forget the amount of taxes on a gallon of fuel, that's another
>> aspect for late discussion.
[quoted text clipped - 6 lines]
>     We have no room to talk.  Just go out and look at the monsters that are
>clogging our main roads!

Clogging ?  I get a real kick out of the SUV stories in the mainstream liberal ]
media. They write/talk like the SUV has a mind of it's own.
People like them, so the manufacturers are going to keep making them.

>>It's the old saw of supply and demand.
>
[quoted text clipped - 3 lines]
>and done nothing while they have been circumvented, mostly with bogus "trucks"
>that are actually family cars.

I just don't agree.
We like our SUV.

>> Increase fuel costs do 'trickle down' to all aspects of the economy but also
>> spur
[quoted text clipped - 4 lines]
>less need for the above and we could apply that effort to producing things that
>would more benefit our economy.

That's a silly analogy.
Oil is pumped out of the ground, caskets are manufactured.
Higher prices for oil actually mean that harder to reach deposits
(hence more expensive to retrieve) will be put into production.

Contrary to popular belief the world is not running out of oil.

>Vaughn

--

W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com
StovePipe - 11 May 2005 05:26 GMT
> I just don't agree that the government fixes anything, especially when it
> comes to oil/gas
>
> >> Think gas is high in the US ? Last time I heard a gallon of petrol
> >> in the UK was about $5.

Drive your car up here to Kanada or over to Europe and see how oil/gas
prices are fixed everywhere.

<You can drive to Europe like they did in the Great Race (Jack Lemon,
Peter Falk, Tony Curtis, Nathalie Wood); go over on the ice bergs>.

While we're at it: soft wood lumber? Farm market prices? Cows and
bullshit Madness? 'North American Free Trade Zone'??? Sure!!! As long as
that trade goes INTO the USA; just try to buy a UASian goods or service
on eBay and try to get it delivered to Kanada; Sure!!! 6 weeks later and
at least 1/3rd the cost added in Customs and Excise taxes.

Butt;;;;

Go onto eBay in the USA and order goods or service that comes from
Kanada or Mexico; vitrually _no_ taxes or excise, certainly not a
significant amount. I know this because I have relations that are

Livin' in Am-er-i-ca...
<eye ta eye; station to station...>

and they get literally frustrated and pi$%ed off at what passes for
'freedom' in their birth country (Kanada) evey time they come back here.

George W. fixes a lot of stuff to your own favor...  And now your
politicians are bitching because China, Taiwan and Korea are doing the
same to you all and the rest of the world.... [Get a cheap short wave
radio and listen to Radio Taiwan to see how the world sees the future of
the USA]...

Y'all should go read that website by the guy who has the spice girls
confused with bruxism... He has alot to say re; the Bush admin.

http://www.is.wayne.edu/mnissani/endofdemocracy.htm

'Scuse me but I have to go find a plastic lid for this here newly opened
can o' worms.

<the Pipe sticks his head out the back to see if the missiles are
flying....Sadly, there is only Kanada Geeese flyin' the wrong way...
Which is OH so typically Kanadian.... 'specially if they stop every so
often to ask how much things cost>

.............. sigh .......................

................... Il faudrait leur dire .....

SP
Signature

Finally: take out the TRASHH

Vaughn - 11 May 2005 11:09 GMT
> Go onto eBay in the USA and order goods or service that comes from
> Kanada or Mexico; vitrually _no_ taxes or excise, certainly not a
> significant amount. I know this because I have relations that are

    That must really complicate life!

> George W. fixes a lot of stuff to your own favor...  And now your
> politicians are bitching because China, Taiwan and Korea are doing the
> same to you all and the rest of the world.... [Get a cheap short wave
> radio and listen to Radio Taiwan to see how the world sees the future of
> the USA]...

    Us USA'ns (myself included) don't do enough of that.  You don't need a
short wave radio any more, just read the Internet to read the English editions
of the world's newspapers.

> 'Scuse me but I have to go find a plastic lid for this here newly opened
> can o' worms.
[quoted text clipped - 5 lines]
>
> .............. sigh .......................

    Thanks for my morning laugh.

> ................... Il faudrait leur dire .....

    There you go with that unamerican lingo again.

Vaughn

> SP
StovePipe - 14 May 2005 06:13 GMT
Sorry to take so long to answer... I've been managing the Wrold for
youse..

> > Go onto eBay in the USA and order goods or service that comes from
> > Kanada or Mexico; vitrually _no_ taxes or excise, certainly not a
> > significant amount. I know this because I have relations that are
>
>      That must really complicate life!

Well.... It sure as Hell has me wondering what 'Free Trade' is supposed
to mean... and just _who_ has access to 'Free Trade'.

> > George W. fixes a lot of stuff to your own favor...  And now your
> > politicians are bitching because China, Taiwan and Korea are doing the
[quoted text clipped - 5 lines]
> short wave radio any more, just read the Internet to read the English editions
> of the world's newspapers.

I believe that the internet has become the foremost propaganda tool of
many different countries and industries. As such, the spotlight has
turned even further away from shortwave broadcasts, and so it can be
more of a service for those who are interested, as opposed to one for
those who must know what is going on elsewhere. The content has changed
from when you may have listened to, say, 'Radio Free Prague' as a
youngster. ('Bet you know _all_ about how to run a potatoe farm).

In fact that reminds me: you are living just south enough in the USA to
be able to (just perhaps) grab some of the digital radio programs off of
the AmeriStar satellite. These are beamed at South America, and there
are other satellites that beam programs to Afrika and Asia. All this is
under the umbrella of the WorldSpace broadcasting system, started by a
Nigerian born and USA educated lawyer. Allot of the big world political
stars are also backing them. Stevie Wonder is one of their biggest
supporters, as his way of helping to sort Afrika out. The beauty of this
system is that it is digital and the receivers are cheap as dirt. You
can be listening to Australia, say, while toting a walkman sized radio
on your belt. Sure you can read the Web, but it is not the same, and the
radio is often un-edited (read: sometimes you hear the TRUTH).

IIRC, you can get them through their website at:

http://www.wrn.org

Another thing you can do is plug WorldSpace into Goooogle Groups and
some of the more serious radio groups will fall out. You can ask them if
anybody in South Dade has been able to cop those waves on a digital
receiver or not. They would be able to tell you also just what the
content is on WorldSpace (you have upwards of 40 channels).

Lest you think that I'm only down on all of youse, that is not true:
when younger and in school in Europe, we quickly learned NOT to travel
with Kanadian flags on our bags. When Kanadians were within earshot, I
was careful to keep my mouth shut, lest I be associated with them. When
working in an Irish Pub in Montreal, I saw the exact same mentality in
German and Japaneese and British tourist groups. It happens to all of
us... it is a form of xenophobia even amoungst those who try to keep
open minds. BION, one of the best describers of this mentality that I
have ever seen is GB Trudeau (Doonsbury) in his cartoon  chronicling of
the Viet Nam war years. Some of those anthologies should be studied at
the University Foreign Affairs level.

....???? ! ! ! ....I'm sorry: What was the question again?........

> > 'Scuse me but I have to go find a plastic lid for this here newly opened
> > can o' worms.
[quoted text clipped - 7 lines]
>
>      Thanks for my morning laugh.

I find it pathetic.... and now, the country is again in real danger of
falling apart due to some a.sholes who went too far in patronage
mongering...

> > ................... Il faudrait leur dire .....
>
>      There you go with that unamerican lingo again.

You're right, but I can't speak Mohawk, Arapaho, Cree or Inuit...
Neither can many of their own children.

> Vaughn

...;-) :-) ;-) :-) ;-) :-) ;-) :-) ;-) :-) ;-) :-) ;-) :-) ;-) :-) ;-)

SP
Finally: take out the TRASHH.... and a lot of it IS just that...

Signature

Finally: take out the TRASHH

Vaughn - 13 May 2005 02:00 GMT
>>>>> Inflation is almost non existent right now.
>>>>
[quoted text clipped - 70 lines]
>
> I just don't agree.

    About what?  That the government could do something?  That average gas
mileage of the US fleet is declining? (2004 was worse than 1981!)  That larger
vehicles are much of the reason for that decline?  That the sun goes down at
night? That gas prices are increasing?

Oh, here are the statistics on gas price:

http://www.bts.gov/publications/national_transportation_statistics/2004/html/tab
le_03_08.html


or http://tinyurl.com/94uk9

The dismal statistics on US fleet gas mileage are here, note that the CAFE
standards have not been increased sincs 1996 in spite of technology
improvements:

http://www.nhtsa.dot.gov/cars/rules/CAFE/docs/Summary-Fuel-Economy-Pref-2004.pdf

or http://tinyurl.com/ctus5

    These things go way beyond party politics, there is plenty of Democratic as
well as Republican blame to go around.

> We like our SUV.

    There is no need to personalize this.  You are not a bad person because you
love your SUV!  I was up joyriding all by myself in a 4-place airplane just this
afternoon, making air pollution and wasting gas.  We all make choices and not
all of them are green.  This discourse is about economics and government policy,
not individuals.

spur
>>the casket industry.  If we applied common sense and technology, we would have
>>less need for the above and we could apply that effort to producing things
[quoted text clipped - 3 lines]
> That's a silly analogy.
> Oil is pumped out of the ground, caskets are manufactured.

    Oil (and especially gas) is produced, not simply pumped out of the ground;
lots of expensive things have to happen to crude before it is delivered to the
consumer as a usable product.  Gas is a product just like caskets.  The price of
the raw materials is important in both cases; but it is not everything.  Gas or
caskets, you start with a natural, somewhat scarce, raw material and add
production, transportation, distribution, marketing etc. etc. etc. costs plus
profits to arrive at the final retail price.   I see nothing silly about the
analogy.

o retrieve) will be put into production.

> Contrary to popular belief the world is not running out of oil.

    I don't think I will go down that particular road with you, that is a whole
'nuther subject.  I think we both agree that supply and demand applies and let's
leave it at that.

Vaughn
W_B - 13 May 2005 16:40 GMT
>>>     Yes, and the government could do something about demand, but doesn't seem
>>>to care.  The most effective thing that our government has ever done in that
[quoted text clipped - 5 lines]
>
>     About what?  That the government could do something?  

Yes, what can the government do ?
Increase gas taxes to reduce consumption.
If people can afford it, they will buy it.

>That average gas
>mileage of the US fleet is declining? (2004 was worse than 1981!)

Government mandated that children ride in the back seat, children
under a certain age/size must be in a car seat.
How do you fit three car seats in the back of a Yugo ?

> That larger
>vehicles are much of the reason for that decline?

See above.
Also note that larger vehicles like SUV's are perceived to be safer.
How do you carry the little league team to McDonalds without the
mini-van ?

> That the sun goes down at
>night? That gas prices are increasing?

The sun rises in the East, mostly.

>Oh, here are the statistics on gas price:
>
>or http://tinyurl.com/94uk9
>or http://tinyurl.com/ctus5

Will look at these next week, just don't have time right now.
Thanks for the links.

>> We like our SUV.
>
[quoted text clipped - 3 lines]
>all of them are green.  This discourse is about economics and government policy,
>not individuals.

I didn't personalize it, just stating a fact that many people like their larger vehicles.
Streisand rides around in a Winnebago but wants us little people to drive
cardboard boxes around. That is downright un-American elitism IMO.

Hope your flight was enjoyable.

Am not adverse to green thinking but much of it is extreme IMO.

>> That's a silly analogy.
>> Oil is pumped out of the ground, caskets are manufactured.
[quoted text clipped - 7 lines]
>profits to arrive at the final retail price.   I see nothing silly about the
>analogy.

OK if you say so. I disagree that oil is a 'scarce raw material'.
It is a commodity like FCOJ, gold, or pork bellies.

Just to get out of the realm of oil for a bit, consider gold.
Modern mining methods have increased the ability to extract
gold from the ore, even poorer ores. Goldmining companies
generally stockpile gold until the price reaches a point that
covers their costs, then they sell. Of course they don't flood the
market in order to preserve profitable pricing.

So if we are talking about business models, sure the casket
industry is capitalistic. It provides a needed product but
I don't think they cheer when ebola breaks out.

>o retrieve) will be put into production.
>>
[quoted text clipped - 3 lines]
>'nuther subject.  I think we both agree that supply and demand applies and let's
>leave it at that.

OK.

You mentioned the dollar v. euro we can cover that next week if you wish.

>Vaughn

Have a good weekend,
--

W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com
Vaughn - 14 May 2005 02:14 GMT
> Yes, what can the government do ?
> Increase gas taxes to reduce consumption.
> If people can afford it, they will buy it.

    Well for one thing, they could adjust the COLA.  In light of the
improvements in technology over the last decade or so, and in light of the fact
that we are in a war, and in light of the fact that our refinerys are nearly
maxed out, don't you think increasing the COLA for the first time in some ten
years is a logical move?

>>That average gas
>>mileage of the US fleet is declining? (2004 was worse than 1981!)
>
> Government mandated that children ride in the back seat, children
> under a certain age/size must be in a car seat.
> How do you fit three car seats in the back of a Yugo ?

    What percentage of the population has that problem?  When was the last time
you saw a Yugo?  True subcompacts are a rare breed these days.

>> That larger
>>vehicles are much of the reason for that decline?
>
> See above.
> Also note that larger vehicles like SUV's are perceived to be safer.

    Perceived perhaps, but the statistics say something else.

> How do you carry the little league team to McDonalds without the
> mini-van ?

    We had little league teams long before we had minivans.

> OK if you say so. I disagree that oil is a 'scarce raw material'.

    I mean "scarce" in the economic sense; that does not mean "hard to find",
it means that there is a large demand and a finite supply.  Here in south
Florida, land is a scarce resource, yet it is everywhere.

> Have a good weekend,

Thanks!  You too, and the rest of the smd family.

Vaughn
Vaughn Simon - 17 May 2005 14:47 GMT
> Inflation is almost non existent right now.

    Don't miss today's business news WB.  Just go to Google news and search
on "Producer price Index".

For example: from http://news.google.com/nwshp?hl=en&gl=us

    "The latest Producer Price Index figures from the Labor Department are
seen as fresh evidence that inflation is marching ahead now that the economy
is on solid footing." [sic] "The increase follows a seven-tenths percent
increase the month before."

     "If the volatile food and energy categories are stripped out, ``core''
wholesale prices were up three-tenths percent -- up from a one-tenth percent
advance in March."

     "It's likely these latest numbers suggest Federal Reserve Chairman
Alan Greenspan and his colleagues will continue to push up short-term
interest rates for much of this year to combat inflation."

Vaughn
W_B - 17 May 2005 17:47 GMT
>> Inflation is almost non existent right now.
>
>     Don't miss today's business news WB.  Just go to Google news and search
>on "Producer price Index".
>
>For example: from http://news.google.com/nwshp?hl=en&gl=us

It's loading now. Damn dial up.

>     "The latest Producer Price Index figures from the Labor Department are
>seen as fresh evidence that inflation is marching ahead now that the economy
>is on solid footing." [sic] "The increase follows a seven-tenths percent
>increase the month before."

I liked the economic news from last week.
270K new jobs. Previous figure upgraded 90K.
3.1 million new jobs in 24 months
5.2% unemployment
(5.1% is considered full employment)

>      "If the volatile food and energy categories are stripped out, ``core''
>wholesale prices were up three-tenths percent -- up from a one-tenth percent
>advance in March."

That's still hardly double digit inflation, in fact it is not even single digit.

The danger a while back was deflation, which is devastating to
any economy.

>      "It's likely these latest numbers suggest Federal Reserve Chairman
>Alan Greenspan and his colleagues will continue to push up short-term
>interest rates for much of this year to combat inflation."

And get a better return on bonds and mm funds.

>Vaughn

--

W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com
Vaughn - 17 May 2005 22:52 GMT
> That's still hardly double digit inflation, in fact it is not even single
> digit.

    Huh?  You have to be careful to distinguish between annualized and monthy
figures.  The PPI has risen 1.3% in the last 60 days.  That annualizes to a rate
of 7.8%.  Not double-digit yet, but not that far from it.

From the BLS: http://www.bls.gov/news.release/ppi.nr0.htm
"The Producer Price Index for Finished Goods advanced 0.6 percent in
April, seasonally adjusted, the Bureau of Labor Statistics of the U.S.
Department of Labor reported today.  This increase followed a 0.7-percent
rise in March and a 0.4-percent gain in February.  At the earlier stages of
processing, prices received by manufacturers of intermediate goods climbed
0.8 percent, after advancing 1.0 percent in the previous month, while the
crude goods index moved up 2.7 percent, following a 4.3-percent rise in
March.  (See table A.)"

    "Among finished goods, much of April's increase was due to a 2.1-
percent advance in the energy goods index.  Excluding prices for energy
goods, the finished goods index inched up 0.1 percent.  The indexes for
finished consumer goods other than foods and energy, capital equipment, and
finished consumer foods also increased in April--rising 0.2, 0.2, and 0.1
percent, respectively.  Excluding prices for foods and energy, the index
for finished goods increased 0.3 percent in April, compared with a 0.1-
percent gain in the prior month."

> The danger a while back was deflation, which is devastating to
> any economy.

    That was then, this is now.  You are correct, deflation is bad for the
econony, as is inflation.  That said; at this stage of my life deflation is the
least of my worries.  It would increase the value of the pension that I can
start drawing any time I wish, and increase the value of my savings.  The value
of my home might drop through the toilet, but I happen to live here and it is
not for sale anyhow.

> And get a better return on bonds and mm funds.

    Yes, but not enough to make up for inflation.

Vaughn
W_B - 18 May 2005 17:14 GMT
>You are correct, deflation is bad for the
>econony, as is inflation.  That said; at this stage of my life deflation is the
>least of my worries.  It would increase the value of the pension that I can
>start drawing any time I wish, and increase the value of my savings.  The value
>of my home might drop through the toilet, but I happen to live here and it is
>not for sale anyhow.

OK since we agree that deflation is bad, and
I think you would agree that prices will not remain
flat for any appreciable ammount of time.

That leaves us with keeping inflation to an acceptable
minimum level. Which is something that Greenspan tries to do.
He also hiked the fed rate too quickly an put the economy
into recession starting in about 1998.
It is rather difficult to turn the Queen Mary as you know.

Which brings us to your pension, which I believe is your
main concern. The value of which will diminish with time.
There is the inflation adjusted government bond which
you may wish to consider.

>> And get a better return on bonds and mm funds.
>
>     Yes, but not enough to make up for inflation.

Then AAA rated corporate bonds may be a better bet
for a 'fixed income' investor.
Or as alluded to above the 'inflation adjusted' govt bonds.

>Vaughn

--

W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com
Vaughn Simon - 18 May 2005 17:29 GMT
> >You are correct, deflation is bad for the
> >econony, as is inflation.  That said; at this stage of my life deflation is the
[quoted text clipped - 6 lines]
> I think you would agree that prices will not remain
> flat for any appreciable ammount of time.

    Given the path of the current administration, prices will certainly not
remain flat.  I would rather see "tax and spend" than the current "spend
only" policy.  That is also the way I run my own financial life btw.

Vaughn
W_B - 18 May 2005 17:35 GMT
>> I think you would agree that prices will not remain
>> flat for any appreciable ammount of time.
[quoted text clipped - 4 lines]
>
>Vaughn

Which one ? Spend only ?

I earn and spend, spending less that what I earn.

If only the government would do that.
--

W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com
Vaughn Simon - 18 May 2005 19:58 GMT
> >> I think you would agree that prices will not remain
> >> flat for any appreciable ammount of time.
[quoted text clipped - 6 lines]
>
> Which one ? Spend only ?

    I think you know which.  You (or the government) can get away with
"spend only" for a finite time only.

> I earn and spend, spending less that what I earn.

    Me too; don't even have a mortgage, seldom carry a credit card balance.
(ain't rich, but I would rather keep the money for myself than give it to
the bankers)

> If only the government would do that.

    Finally we agree!

Vaughn
W_B - 18 May 2005 20:18 GMT
>> I earn and spend, spending less that what I earn.
>
>     Me too; don't even have a mortgage, seldom carry a credit card balance.
>(ain't rich, but I would rather keep the money for myself than give it to
>the bankers)

Same here, the house is paid off, which allowed a land purchase.
The only other notes are autos (one will be paid in 2 mos the other
in 32 mos).
Don't even have MC/Visa/Disc cards, carry AmEx (no interest)

>> If only the government would do that.
>
>     Finally we agree!

Yes ! We do !
But will it ever happen ?

>Vaughn

--

W_B
Take out the G'RBAGE
wubbabubbazG@RBAGEyahoo.com
 
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