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With shows like CNBC on the air, giving credence to the cooked economic
reports coming out of this administration,
who knows when it will end. Anyone who actually believes that inflation
isn't RAMPANT is living on another planet.
Here are a few examples of unbelievable levels of inflation I have
personally witnessed:
1) The workforce is so tight, that workers are being paid $9 and $10 per
hour for burger-flipper jobs.
The minimum wage of $5.75 is not enough to attract workers.
2) Took a weekend trip to Mamoth Lake, California, 3-5 hours from most
populated cities, in a remote corner of
Yosemite National Park. Real estate prices are unbelievable. The average
home price is over $430,000,
for a 3BR/2BA 1960s style home.
3) Energy futures prices up 40%
4) Home prices in the Bay Area up another 5% during the month of May. Up
40% in the last year in Silicon Valley.
5) Computer consultants are receiving $210,000 per year for only 2-3 years
of experience, 10 year of experience garners
$250,000 and up.
JT
----- Original Message -----
From: "Ira Tunik" <ist@xxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, June 16, 2000 3:24 PM
Subject: [RT] Inflation??????
> I think it is wonderful that the government can make the majority of us
> feel good about paying only $2.00+ per gallon for gas because those in
> Chicago are paying 40 cents more. When will the insanity end? It
> appears that they can fool the majority of the people most of the time.
>
>
>
>
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