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Post-Corona Economy

Posted: Tue Sep 13, 2022 2:56 pm
by Leisher
TheCatt wrote: Tue Sep 13, 2022 2:48 pm Due to this action?who knows how attributable.
I mean realistically, it's pretty hard to calculate. Politically, it's far easier to take credit or place blame.

Post-Corona Economy

Posted: Tue Sep 13, 2022 3:27 pm
by GORDON
Gas in the Toledo area is still 3.50-3.65, all over town. It really hasn't dropped much, compared to everywhere else I have seen.

Post-Corona Economy

Posted: Tue Sep 13, 2022 3:33 pm
by TheCatt
GORDON wrote: Tue Sep 13, 2022 3:27 pm Gas in the Toledo area is still 3.50-3.65, all over town. It really hasn't dropped much, compared to everywhere else I have seen.
it used to be $5.

Post-Corona Economy

Posted: Tue Sep 13, 2022 9:28 pm
by Leisher
It's official. Inflation is here and real.

Image

Post-Corona Economy

Posted: Tue Sep 13, 2022 9:41 pm
by TheCatt
Leisher wrote: Tue Sep 13, 2022 9:28 pm It's official. Inflation is here and real.
LOL

Post-Corona Economy

Posted: Thu Sep 15, 2022 11:26 am
by Leisher
Mortgage rates hit 6% thanks to "stubbornly high inflation".

The rail strike I had mentioned previously has been averted. Biden's admin is taking all the credit.

Post-Corona Economy

Posted: Thu Sep 15, 2022 11:49 am
by TheCatt
Leisher wrote: Thu Sep 15, 2022 11:26 am The rail strike I had mentioned previously has been averted.
Last thing we need right now.
Leisher wrote: Thu Sep 15, 2022 11:26 am Mortgage rates hit 6% thanks to "stubbornly high inflation".
Yeah, hard to believe housing prices aren't falling more.

Post-Corona Economy

Posted: Thu Sep 15, 2022 12:26 pm
by GORDON
"Stubbornly high inflation" reminds me of the quarterly "unexpectedly low economic growth" headlines of the obama years.

Post-Corona Economy

Posted: Thu Sep 15, 2022 12:55 pm
by Leisher
TheCatt wrote: Thu Sep 15, 2022 11:49 am Yeah, hard to believe housing prices aren't falling more.
Right? Inventory is rising as well. Sellers are being stubborn at this point.

Post-Corona Economy

Posted: Thu Sep 15, 2022 1:03 pm
by TheCatt
Leisher wrote: Thu Sep 15, 2022 12:55 pm
TheCatt wrote: Thu Sep 15, 2022 11:49 am Yeah, hard to believe housing prices aren't falling more.
Right? Inventory is rising as well. Sellers are being stubborn at this point.
Takes time to adjust to new realities/expectations.

Post-Corona Economy

Posted: Thu Sep 15, 2022 1:16 pm
by Leisher
TheCatt wrote: Thu Sep 15, 2022 1:03 pm
Leisher wrote: Thu Sep 15, 2022 12:55 pm
TheCatt wrote: Thu Sep 15, 2022 11:49 am Yeah, hard to believe housing prices aren't falling more.
Right? Inventory is rising as well. Sellers are being stubborn at this point.
Takes time to adjust to new realities/expectations.
True story. Back in the days of the first LEDs when plasmas were king we were house hunting. A couple going through their divorce were selling their home and the guy had a front projection TV in his basement. Remember those? The three huge bulbs set 6 feet or so away from the TV on the floor and projecting back to the screen? He actually said, "I'll even leave this TV for $5K". I laughed. He didn't appreciate that because he was dead serious.

The house was overpriced too. We did not buy it.

Post-Corona Economy

Posted: Thu Sep 15, 2022 1:51 pm
by TheCatt
People are illogical
In behavioral finance, the endowment effect, or divestiture aversion as it is sometimes called, describes a circumstance in which an individual places a higher value on an object that they already own than the value they would place on that same object if they did not own it.

This type of behavior is typically triggered with items that have an emotional or symbolic significance to the individual. However, it can also occur merely because the individual possesses the object in question.

Post-Corona Economy

Posted: Fri Sep 16, 2022 4:43 pm
by Leisher

Post-Corona Economy

Posted: Fri Sep 16, 2022 6:06 pm
by GORDON
Leisher wrote: Thu Sep 15, 2022 1:16 pm
TheCatt wrote: Thu Sep 15, 2022 1:03 pm
Leisher wrote: Thu Sep 15, 2022 12:55 pm Right? Inventory is rising as well. Sellers are being stubborn at this point.
Takes time to adjust to new realities/expectations.
True story. Back in the days of the first LEDs when plasmas were king we were house hunting. A couple going through their divorce were selling their home and the guy had a front projection TV in his basement. Remember those? The three huge bulbs set 6 feet or so away from the TV on the floor and projecting back to the screen? He actually said, "I'll even leave this TV for $5K". I laughed. He didn't appreciate that because he was dead serious.

The house was overpriced too. We did not buy it.
"I'll pay you $50 right now if it isn't here when I move in, to save me a trip to the dump."

Post-Corona Economy

Posted: Mon Sep 19, 2022 9:21 pm
by Leisher
Read the list, enjoy the comments.

Post-Corona Economy

Posted: Mon Sep 19, 2022 9:22 pm
by GORDON
Nothing surprises me there except best buy

Post-Corona Economy

Posted: Mon Sep 19, 2022 9:33 pm
by TheCatt
GORDON wrote: Mon Sep 19, 2022 9:22 pm Nothing surprises me there except best buy
Really? Long John Silvers?

Post-Corona Economy

Posted: Mon Sep 19, 2022 9:36 pm
by Leisher
TheCatt wrote: Mon Sep 19, 2022 9:33 pm
GORDON wrote: Mon Sep 19, 2022 9:22 pm Nothing surprises me there except best buy
Really? Long John Silvers?
Are you insane? You don't shop at longjohnsilvers.com?

Post-Corona Economy

Posted: Mon Sep 19, 2022 9:37 pm
by GORDON
Actually my eye passed right over that. TF.

Post-Corona Economy

Posted: Mon Sep 19, 2022 11:40 pm
by TheCatt
Leisher wrote: Mon Sep 19, 2022 9:36 pm
TheCatt wrote: Mon Sep 19, 2022 9:33 pm
GORDON wrote: Mon Sep 19, 2022 9:22 pm Nothing surprises me there except best buy
Really? Long John Silvers?
Are you insane? You don't shop at longjohnsilvers.com?
too commercialized. We stick to Dennys.com