Ladies and gentlemen,
The Dow closed above 21,700 yesterday. Remember in crazy 1987 when it moved up to 2700 or so, then crashed into the teens? Do you recall when trucks were mostly for farmers? Now, many a city dweller is driving a $35,000 pickup. When I was a young man $35,000 bought a nice house.
On the one hand, we function day to day, dealing with today's prices and values. But for those of us who have been around a while, I think we often shake our heads at how inflation has impacted prices. For example, at the market yesterday I saw three short ribs in a package; the sticker said $19. Crazy.
I remember when gas was twenty cents a gallon, and $3.25 an hour was a really good wage. How the heck could three little short ribs cost $19?
If you are over 55 or so, do you ever scratch your head about this stuff?
Mac
The Dow closed above 21,700 yesterday. Remember in crazy 1987 when it moved up to 2700 or so, then crashed into the teens? Do you recall when trucks were mostly for farmers? Now, many a city dweller is driving a $35,000 pickup. When I was a young man $35,000 bought a nice house.
On the one hand, we function day to day, dealing with today's prices and values. But for those of us who have been around a while, I think we often shake our heads at how inflation has impacted prices. For example, at the market yesterday I saw three short ribs in a package; the sticker said $19. Crazy.
I remember when gas was twenty cents a gallon, and $3.25 an hour was a really good wage. How the heck could three little short ribs cost $19?
If you are over 55 or so, do you ever scratch your head about this stuff?
Mac