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German debt
Message
From
10/01/2012 14:28:30
Dragan Nedeljkovich (Online)
Now officially retired
Zrenjanin, Serbia
 
 
To
10/01/2012 09:13:26
General information
Forum:
Finances
Category:
Credit
Title:
Miscellaneous
Thread ID:
01532458
Message ID:
01532667
Views:
39
>>Or maybe all of the world's money is devalued at the same rate, so we don't notice :). Just looking at the prices of elementary food and gas - they have gone up between 10% and 30% over the last 18 months, and yet the rate of dinar (RSD) vs $ and € is more or less the same. When we arrived, it was 102RSD=1€, then it went all the way up to 107, then down to 97, and then it took it months to get back to 106 (104 today). And the dollar performs similarly - it stood for a while at around 79, then fell to 76 and then very gradually picked up its way to 82 (82.4 today). Which is small, compared with the actual inflation your pocket senses when buying groceries.
>
>You got it. Who is defining the baskets used to measure inflation ? ;-)))

That trick too. They arbitrarily exclude some items as "seasonal" or other, as if they don't influence your pocket in real time. Also, that's only the basket, i.e. the things you buy. The costly nothing that you also buy (also called "taxes", "administrative fees", "services hitherto nonexistent or free") never count in the basket, but their cost is as real as it gets.

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
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