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Re: Top 5 Stories

By: Beldin in 6TH POPE | Recommend this post (0)
Tue, 16 Apr 24 4:53 PM | 31 view(s)
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Msg. 52454 of 60008
(This msg. is a reply to 52453 by nacl01)

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IMHO, the electronics and technology sectors are a little bit of a mixed bag on this, though, nacl. Yes, you are absolutely correct that the prices of ever-bigger TVs and ever-faster computers always seem to be dropping in price, BUT ... there also always seems to be the next amazingly superior generation of TV or computer out there that is hyper-expensive ... at least until the next, newer generation comes along and then their price drops like a rock. Just sayin'. 




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Re: Top 5 Stories
By: nacl01
in 6TH POPE
Tue, 16 Apr 24 3:56 PM
Msg. 52453 of 60008

Zero Hedge: CNN Is Wrong... Deflation Is A Good Thing

It isn’t just CNN. Economists have always been terrified by deflation. That is why the Fed inflation target is 2% - to stay away fron deflation.

My point is that the electronics and technology sectors have survived, prospered and excelled in an environment of declining prices for at least the last 75 years. The first televisions (or computers) were very primitive by current standards, and were quite an investment at the time. How many billionaires have been made in these industries?

I don’t know why the entire economy wouldn’t benefit from deflation, especially since many things are more necessities (like food) than the latest tech gadget.

nack


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