You’re Getting Milked

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If you have a pulse and have been to the stores or even shopping online lately (hey, it’s the holidays so of course you have), you know that prices are on the rise.


And this is amazing, because–


Major factors point to pricing that should be driven down:


Commodities–which are the basic raw materials from agriculture to oil and gas and metals and mining–are at a more than 16-year low!


Manufacturing has moved to low cost sourcing countries (China, India, Vietnam, Africa, etc.)


Technology continues to benefit us in terms of cost-efficiencies from the transformation to robotics and automation.


Yet, we keep on seeing prices move ever higher:


Just a few examples…


– “Housing market is on fire” with existing home prices exceeding the pre-recession peak!


– “Car prices at records highs – and rising


– “Food prices are sky high“–it’s not your imagination.


Fashion “prices rising so fast


Health care spending is “again accelerating”


– “College costs are so high and rising.


Forget the B.S. of the basket of inflation stats your being feed…you know that your bills are going up, while your income is stagnant.


The real question is why is the middle class always getting milked–whose interest does it serve? 😉

What A Good Answer Costs You

What A Good Answer Costs You

This was a funny sign that I came across with a colleague of mine.

It’s a price list for answers.

An answer (presumably incorrect) is 75 cents.

A thoughtful answer (but again incorrect) is 1.25.

A bona fide correct answer is $2.15.

The only thing that’s free is getting a dumb look.

I gave the guy $5 and told him to keep the change. 😉

(Source Photo: Andy Blumenthal)