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[RT] Fw: Comments made in the year 1955:


  • To: <Undisclosed-Recipient:;>
  • Subject: [RT] Fw: Comments made in the year 1955:
  • From: "Ira" <mr.ira@xxxxxxxxxxxxx>
  • Date: Sun, 2 Sep 2007 22:17:36 -0700

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Fortunately, according to the government there has been little inflation.  I just got out of the service in 1955 after the Korean war.  When I went back to college I could make ends meet on $110/mo. on the GI bill.  All I had to do was hash for my meals at a sorority.  Try that one today.  I paid high 5 figures per year to send my son to college and that was a while back.  What will it cost some of you when the time comes.  Just thought that this might interest some of you and give some of the younger traders some perspective of things to come.  A lot of you will be retiring in 20, 30 or 40 years and you are compounding some really large numbers today.  Instead of compounding a $2000 car at 3% you will be compounding a $20,000 car at 3%.  In a few years an entry level house will be $1 million plus if things keep going the way they are.  Don't let this down turn in housing fool you.  It has happened before and prices just kept going higher after prices backed off a bit.   The inflation rate remains the same it is only the numbers that get out of sight once you start looking at things realistically.  You had better prepare yourself to make more the 10 times what you make now if you intend to keep your lifestyle in the future when you are ready to retire.  If I was a real gloom and doomer you would be crying by now.   If gold goes to $1000 what happens to your buying power and the cost of everything?   What has happened since gold was supported at $32 per ounce or the last low at $250.  Has the cost of living gone down?
 
Just one man's opinion.
 
----- Original Message -----
 


Comments made in the year 1955:

"I'll tell you one thing, if things keep going the way they
are, it's going to be impossible to buy a week's groceries for $20."

"Have you seen the new cars coming out next year? It won't
be long before $2000 will only buy a used one."

"If cigarettes keep going up in price, I'm going to quit. A
quarter a pack is ridiculous."

"Did you hear the post office is thinking about charging a
dime just to mail a letter?"

"If they raise the minimum wage to $1, nobody will be able
to hire outside help at the store."

"When I first started driving, who would have thought gas
would someday cost 29 cents a gallon. Guess we'd be better off leaving the
car in the garage."




"Did you see where some baseball player just signed a
contract for $75,000 a year just to play ball? It wouldn't surprise me if
someday they'll be making
more than the president."

"It's too bad things are so tough nowadays. I see where a
few married women are having to work to make ends meet."

"It won't be long before young couples are going to have to
hire someone to watch their kids so they can both work."

"I'm just afraid the Volkswagen car is going to open the
door to a whole lot of foreign business."

"Thank goodness I won't live to see the day when the
Government takes half our income in taxes. I sometimes wonder if we are
electing the best people
to congress."

"There is no sense going to Lincoln or Omaha anymore for a
weekend. It costs nearly $15 a night to stay in a hotel."

"No one can afford to be sick any more; $35 a day in the
hospital is too rich for my blood."

"If they think I'll pay 50 cents for a hair cut, forget
it."




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