Huh, imagine that. The pull of the cult is stronger than reality. Just ask anyone who survived the Moonies. Or who escaped the Mormon church.
You are really going out on a limb there. That number is set in dollars spent, and thanks to inflation, the dollar is worth less so it takes more of them to buy the same stuff. Your prediction is essentially that there has been inflation.
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If everyone done spent all their money on eggs and gasoline there will be nothing left for the manufactured garbage that is 90% of all holiday gifts.You are really going out on a limb there. That number is set in dollars spent, and thanks to inflation, the dollar is worth less so it takes more of them to buy the same stuff. Your prediction is essentially that there has been inflation.
Try this one:
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That is not how inflation works. You are confusing inflation with an economic downturn paired with inelastic demand. They are different. They do sometimes accompany each other, and when they do it is termed "stagflation".
Pay does not adjust in synch with inflation. It lags by years typically, the lower your relative pay the more it lags if it ever catches up.
Rises in the cost of labor sometimes lags inflation, and sometimes rises faster than inflation. Rises in the cost of eggs sometimes lags inflation, and sometimes rises faster than inflation. Inflation is a measure of the aggregate. Certainly not all commodities will see an identical change at an identical rate. That is simply a fact of the market, but it doesn't mean inflation isn't real or that a broad measure like holiday spending won't reflect the devaluation of the dollar a.k.a. inflation.
Thanks for the lesson.
Of course. You would think that with no one having disposable income due to the eggs being more expensive that no one would be spending. Some people might say that inflation means more spending (due to things costing more) but that isn't true. If no one buys christmas presents then it doesn't matter if those presents cost more. There would be way less spending. People still be buying christmas presents doe.US consumers go on holiday spending spree
Online sales in November surpass $77 billion, on pace to exceed predictions.
The prices are insanely cheap for TVs right now over here
There was an 85 inch Roku tv here for like $895. Crazy.
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Yes, they spent more because everything costs more. That is how inflation works.
So if tomorrow everything cost 10X more people would just spend 10X more on everything and wouldn't have to make any decisions on what they can afford, being as how inflation doesn't magically put more money in the average working person's pockets?
For people living paycheck-to-paycheck, yes. That is how it would work for them because their labor is included in the "everything" costing 10x more. For those who have assets in cash, they get screwed. All other assets are also included in the "everything", so it doesn't hurt them. Those that have debt in dollars do the best of all because the value of their debt is now effectively 10% of what it was before.
what's the point of talking to you?
