Inflation is too many dollars chasing too few goods...it is not prices going higher
Well, I don't have too many dollars, and the pool warehouse had plenty of buckets of this 58 dollar paint on the self so there are too few of them. The anti-inflation eveyone always points to is flat panel TV's which are falling in price, but that costs me too. When my old tube TV died, my wife insisted on a new flat panel one to keep up with the Jones. This new flat panel TV cost me twice what my tube TV cost. From my point of view my cost of living went up. Same with computers, Bill Gates keeps making his stinking software bigger and bigger requiring faster computers with more memory. Every dang computer I buy costs more than the last one despite all the so called deflation in their price. My cost of living just goes one way - up.
I gotta tell you, I'm just not seeing greater expense in technology. I just bought a lot of laptop for less than I paid for my last desktop, which was a lot of desk top for less than I paid for my prior.
A lick of patience on these things seems to be the key. I do think that there's more inflation than they're counting, but I suspect that there's an awful lot of effort at maintaing price increases in things like paint and building materials. That won't last much longer, I'll warrant.
Mealwhile, I bought a ~2.5 lb aged porterhouse last week for $16.39. The lettuce that i make my caesar salad to go with was actually down in price by 10%. So, it's not all bad... I AM seeing attempts to raise prices at the grocery (I buy most from small vendors and the farmers market), but they don't seem to be sticking all that well. More slow down will kill them, but if we keep humming along, we might get more staying power on the inflation front.
M
