http://www.myglobalinvestments.com/...wal-mart-ceo-bill-simon-expects-inflation.cfm and this little gem... Their 'core inflation' statistics don't include the 'core expenses' of every household we've been warned...when the US has the sniffles etc...
Not to mention the slowly imploding USD, which is losing value against practically everything. That won't be making imported goods (practically everything in Walmart) any cheaper.
And now a mainstream article showng the difference between real inflation and the RBA's figures in Queensland.. http://www.couriermail.com.au/money...mes-for-families/story-fn3hskur-1226032290552
Perhaps, but you're taking pretty huge risks there. If we get a sudden and severe decline in all commodities do you honestly think silver is going to be immune to it all? Gold perhaps, but silver is still largely regarded as an industrial/medical metal these days. Of course, that could easily change if silver was remonetized.
I was refering to bringing forward the purchase of retail goods (not commodities like gold and silver). These (retail goods) have labour embodied in them and my assumption would be that even though the raw material (and even energy) costs may decline (as what happened during the depression) labour costs will continue to rise...out pacing the drop in commodity prices... I wonder what 900 million chinese workers asking for a wage rise would do to the price of tea in china. Your thoughts?
I wonder whether you would be willing to take on extra responsibilities and hours for a nice big pay cut. It's more efficient... No?
Depends what my other options were. I'd rather have some money coming in than none at all. If the value of what I am doing is going down, I need to either work more or find something more valuable to do. Labor efficiency is driven by improving systems so that the same work can be done with either less labor or less expensive labor. Nothing wrong with either of those. Either way, the result is that customers have to spend less on staff costs, resulting in savings there.
