Re: GDP, Stock Market, and Real Estate Market
[Re: Donnersurvivor]
#6871263
05/13/20 12:08 PM
05/13/20 12:08 PM
|
Joined: Jan 2017
Posts: 10,169 Marion Kansas
Yes sir
"Callie's little brother"
|
"Callie's little brother"
Joined: Jan 2017
Posts: 10,169
Marion Kansas
|
Last time the stock market really dropped (08ish) agriculture land spiked in price as it was seen as a safer investment. I think we are talking a far different scenario here in several different ways. If you start comparing 08 to the 30s across the whole economy you will see the differences.
|
|
|
Re: GDP, Stock Market, and Real Estate Market
[Re: Donnersurvivor]
#6871267
05/13/20 12:11 PM
05/13/20 12:11 PM
|
Joined: Dec 2011
Posts: 10,428 MT
snowy
trapper
|
trapper
Joined: Dec 2011
Posts: 10,428
MT
|
Last time the stock market really dropped (08ish) agriculture land spiked in price as it was seen as a safer investment. Do you have an factual numbers and data for your quote??
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
|
|
|
Re: GDP, Stock Market, and Real Estate Market
[Re: Canvasback2]
#6871311
05/13/20 01:07 PM
05/13/20 01:07 PM
|
Joined: Jul 2016
Posts: 3,928 NY
Canvasback2
OP
trapper
|
OP
trapper
Joined: Jul 2016
Posts: 3,928
NY
|
If the economy tanks to 1932 levels, this is what things cost back then.....
ANNUAL INCOME 1932-1934 Airline Pilot $8,000 Airline Stewardess $1,500 Apartment House Superintendent $1,500 Bituminous Coal Miner $1,500 Bus Driver $1,373 Chauffeur $624 Civil Service Employee $1,280 College Teacher $3,111 Construction Worker $907 Dentist $2,391 Department Store Model $936 Doctor $3,382 Dressmaker $780 Electrical Worker $1,559 Engineer $2,520 Fire Chief (30,000 - 50,000 pop) $2,075 Hired Farm Hand $216 Hired Gun $5,200 Housemother - Boys School $780 Lawyer $4,218 Live-in-maid $260 Mayor (30,000 - 50,000 pop) $2,317 Pharmaceutical Salesman $1,500 Police Chief (30,000-50,000 pop) $2,636 Priest $831 Public School Teacher $1,227 Publicity Agent $1,800 Railroad Executive $5,064 Railroad Conductor $2,729 Registered Nurse $936 Secretary $1,040 Statistician $1,820 Steel Worker $423 Stenographer - Bookkeeper $936 Textile Worker $433 United States Congressman $8,663 Waiters $520 Average salary $1,368 Clothing Belt $1.00 Boots, Calfskin riding $10.00 Coat, Cloth $6.98 Coat, Dress $6.75 Coat, Leopard $92.00 Coat, Mink $585.00 Coat, Overcoat $11.00 Coat, Raincoat $2.69 Dress, fair (full body) $3.00 Dress, good (full body) $10.00 Dress, Wool $1.95 Gloves, leather driving $1.00 Gloves, canvas work (six pair) $.39 Goggles (aviator/motorcycle) $4.89 Hat, Dress $2.49 Hat, newsboy/golf cap $.89 Hat, Stetson $3.98 Jacket, Leather Flight $20.00 Jacket, Rugged Leather $17.00 Jacket, Soft Leather $10.00 Pants, fine $3.00 Pants, work $1.25 Set, Heavy Clothes $5.00 Set, Fine Clothes $10.00 Shirt $.69 Shirt, suede hunting $3.00 Shoes, men's $4.00 Shoes, women's $.69 Shoes, Leather $1.79 Shoes, Reptile leather $6.00 Silk necktie $.79 Silk Stockings $.69 Suit, Golf $20.00 Suit, poor $12.00 Suit, fine $32.00 Suit, Tuxedo $25.00 Suit, Wool (men's) $10.50 Suit, Wool (women's) $3.98 Sweater, pullover $1.95 Sweater, Wool $1.69 Personal Effects Backpack, cloth $2.00 Backpack, leather $6.00 Bandolier $.50 Briefcase $1.00 Cigarette Holder $1.00 Holster $1.00 Pearls, Cultivated oriental $35.00 Perfume, per ounce $1.00 Purse $1.00 Satchel, leather $.90 Spectacles $9.00 Wallet $2.00 Watch (wrist / nice) $22.00 Watch (wrist / average) $5.00 Watch (Pocket/ nice) $10.00 Watch (Pocket/ average) $4.00 Housing/Lodging Farm & 6 room house $4,250 Italian villa, 12 rooms $17,000 Sears Homes "Kit", 6 rooms $2,800 Silver Cloud travel trailer $695 3-room apartment, $15 a month Hotel, Waldorf Astoria (NYC), $5-$10 a night Gadgets Alarm clock $1.00 Ariel antenna set $2.00 Camera - Bantam, field model $110.00 Camera - Kodak, Brownie $3.00 Camera - Kodak, Vest Pocket $20.00 Headphones $1.25 Microscope x425 $16.00 Microscope x100 $5.00 Movie camera, 8mm $29.50 P.A. system $37.00 Radio (console) $75.00 78 RPM Record $.50 Record Player $9.00 Typewriter $37.00 Miscellaneous Bicycle $7.00 Book (blank diary/journal) $.60 Book (fine journal w/ lock) $2.50 Cigarettes $.15 pack Cigarette lighter $.39 Dental filling $1.00 Drawing set $7.00 Fireproof safe $12.00 Fountain pen $.85 Handcuffs $5.00 Ink $.20 Kit, Archaeology $20.00 Kit, Carpentry Tools $10.00 Kit, Lock picking $10.00 Kit, Mechanical Tools $25.00 Kit, Medical $10.00 Kit, Welding/Cutting $95.00 Newspaper $.05 Novel, pulp $.10 Pipe $.83 Scissors, fine $5.00 Slide Ruler $3.00 Household Items Bed (Double) and spring mattress $14.95 Bedroom set, 3-piece $49.95 Bed sheets, Double $.74 Blanket, Wool $1.00 Brush set $2.00 Chair, Lounge $19.95 Chair, Wing $39.00 Combs $.09 Dining room set, 8-piece $46.50 Electric Coffee Percolator $1.39 Electric Iron $2.00 Electric Mixer $9.95 Electric Portable Sewing Machine $24.95 Electric Shaver $15.00 Electric Washing Machine $47.95 Face Powder $1.50 Flatware, Silver plate, 26 piece $5.00 Lamp, Copper $1.95 Piano, Grand $395.00 Razor $4.00 Razor blades (10) $.49 Rug, wool 9'x12' $5.85 Secretary, Colonial walnut $54.00 Soap (12 cakes) $.40 Sofa, Chippendale mahogany $135.00 Stove, gas $23.95 Table, Bridge $1.00 Table, Louis XV walnut dining $124.00 Table, Mahogany coffee $10.75 Tablecloth, linen $1.05 Tooth brush $.10 Tooth paste (large) $.25 Towel, Bath $.30 Vacuum cleaner $18.75 Food Apples (per lb) $.03 Bacon (per lb) $.22 Bananas (per lb.) $.15 Beef, Rib Roast (per lb) $.22 Beef, Round steak (per lb) $.26 Beef, Sirloin steak (per lb) $.29 Bread (20 oz loaf) $.05 Butter (per lb) $.28 Cheese (per lb) $.24 Chicken (per lb) $.22 Coffee (per lb) $.26 Cornflakes (8oz package) $.08 Eggs (per dozen) $.29 Ham (per lb) $.31 Hamburger (per lb) $.10 Hershey chocolate bar $.04 Leg of lamb (per lb) $.22 Meal, breakfast $.25 Meal, lunch $.50 Meal, dinner $.75 Meal, Waldorf Astoria (NYC) Morse Grill $2 Milk (per qt) $.10 Onions (per lb.) $.03 Oranges (per dozen) $.27 Pork chops (per lb) $.20 Potatoes (per lb.) $.01 Rice (per lb.) $.06 Salmon (16 oz can) $.19 Sugar (per lb.) $.05 Tomatoes (16 oz can) $.09 Whiskey (per qt) $1.50 (after 1932) Wrigley's Spearmint or Doublemint gum $.03 Entertainment, Music & Sports Banjo $16.00 Circus, One Admission $.25 Concert, Bob Wills $.40 Drum set $65.00 Guitar $9.00 Harmonica $1.75 Saxophone $50.00 Trumpet $15.00 Violin, fine 45.00 Ballgame, Professional, one ticket $1.25 Basketball (leather) $1.25 BB air rifle $1.19 Bicycle $7.00 Cyclone, Coney Island, one ticket $.25 Doll carriage $4.98 Fielder's glove and ball $5.00 Movie with refreshments $.30 Roller skates $1.25 Sled $1.45 Tennis racket $4.00 Travel Air, NY to Chicago (rnd trip) $ 86.31 Air, Chicago to LA (rnd trip) $207.00 Rail, Chicago to San Fran (rnd trip) $ 80.50 Rail, 50 mile monthly commuter pass $10.39 Sea, European 2 month cruise $495.00 Sea, Bermudan 10 day cruise $110.00 Sea, Around the world, 3 mo $749.00 Sea, San Fran to Hawaii (rnd trip) $220.00 Sea, NY to San Fran via Panama $120.00 Hindenburg, TransAtlantic (rnd trip) $720.00 Automobile Services Automobile Tires, set of 4 $6.35 Engine, V-8, Factory rebuilt $40 Fan belts, Ford and Chevrolet $.12 Gasoline (per gallon) $.10 Motor Oil 1 quart $.15 Parking, All day $.09 Weapons & Ammo Pistol .22 $5 Pistol, Beretta palm-sized $30 Pistol, Colt .45 $25 Revolver, .38 $20 Revolver, .357 $22 Rifle, .22 $5 Rifle, Hunter $30 Rifle, Elephant Gun $70 Shotgun, Pump 12g $60 Scope $60 TNT, 1 stick $5 Whip, Bullwhip $2 Ammo, .22 caliber $.02 Ammo, handgun caliber $.03 Ammo, rifle $.07 Ammo, shotgun $.05 Adventuring Gear Binoculars x4 $8.00 Binoculars x5 $12.00 Binoculars x6 $14.00 Canoe, wood $12.00 Compass $1.50 Cooking Gear $1.25 Cot $4.00 Fishing Pole, average $1.50 Fishing Pole, nice $10.00 Flashlight w/2 batteries $.79 Gas Lantern $5.69 Gas Mask $7.00 Grappling Hook $2.00 Parachute $20.00 Shovel/Pick $1.00 Sleeping bag, summer $1.00 Sleeping bag, winter $3.00 Telescope $16.00 Tent, 7'x7' waterproof $11.00 Tent, Pup $5.00 Tent, Umbrella water proof $22.00 Twisted linen line (50yds) $.30
|
|
|
Re: GDP, Stock Market, and Real Estate Market
[Re: Canvasback2]
#6871323
05/13/20 01:26 PM
05/13/20 01:26 PM
|
Joined: May 2010
Posts: 10,511 MN
Steven 49er
trapper
|
trapper
Joined: May 2010
Posts: 10,511
MN
|
No one can say for sure what would happen. If we go into a 1930s type depression we won't recognize the dollar as we know it. In the 30s the dollar was still backed by gold so there was still value.
Agricultural land did go up after 2008, not because it was a safer investment, instead it was because commodity prices soared based on high demand and a weak dollar.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
|
|
|
Re: GDP, Stock Market, and Real Estate Market
[Re: Canvasback2]
#6871330
05/13/20 01:35 PM
05/13/20 01:35 PM
|
Joined: Dec 2006
Posts: 21,716 Sandhills Nebraska
Gary Benson
trapper
|
trapper
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
|
Taxes will go down along with everything else, I'm sure. Right? This is how the Gubmint will end up owning everything.
Last edited by Gary Benson; 05/13/20 01:36 PM.
Life ain't supposed to be easy.
|
|
|
Re: GDP, Stock Market, and Real Estate Market
[Re: Gary Benson]
#6871345
05/13/20 01:55 PM
05/13/20 01:55 PM
|
Joined: Mar 2010
Posts: 2,960 South Dakota
Hydropillar
trapper
|
trapper
Joined: Mar 2010
Posts: 2,960
South Dakota
|
Taxes will go down along with everything else, I'm sure. Right? This is how the Gubmint will end up owning everything. x2
The only place you find free cheese is in a mousetrap !
|
|
|
Re: GDP, Stock Market, and Real Estate Market
[Re: Steven 49er]
#6871360
05/13/20 02:06 PM
05/13/20 02:06 PM
|
Joined: Dec 2011
Posts: 10,428 MT
snowy
trapper
|
trapper
Joined: Dec 2011
Posts: 10,428
MT
|
No one can say for sure what would happen. If we go into a 1930s type depression we won't recognize the dollar as we know it. In the 30s the dollar was still backed by gold so there was still value.
Agricultural land did go up after 2008, not because it was a safer investment, instead it was because commodity prices soared based on high demand and a weak dollar. So, you are saying after the recession? You quoted AFTER 2008??? If during the recession can you show me data/facts that was the case? It might have been a demographic thing but would like to see some facts on your statement. Thanks
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
|
|
|
Re: GDP, Stock Market, and Real Estate Market
[Re: Canvasback2]
#6871888
05/13/20 10:26 PM
05/13/20 10:26 PM
|
Joined: Dec 2011
Posts: 10,428 MT
snowy
trapper
|
trapper
Joined: Dec 2011
Posts: 10,428
MT
|
Hum, that is what I thought, those two didn't have anything to back up their words of wisdom.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
|
|
|
Re: GDP, Stock Market, and Real Estate Market
[Re: Canvasback2]
#6871895
05/13/20 10:36 PM
05/13/20 10:36 PM
|
Joined: May 2010
Posts: 10,511 MN
Steven 49er
trapper
|
trapper
Joined: May 2010
Posts: 10,511
MN
|
Nah, we were just ignoring you. Land values in my part of MN started going up about 2006, maybe even a hair earlier. It really started to ramp up about 2009. I don't have to prove it to you, I lived it.
The recession may have officially ended 2009 but most of the country was still feeling the effects for several years past.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
|
|
|
Re: GDP, Stock Market, and Real Estate Market
[Re: Canvasback2]
#6871904
05/13/20 10:43 PM
05/13/20 10:43 PM
|
Joined: Dec 2011
Posts: 10,428 MT
snowy
trapper
|
trapper
Joined: Dec 2011
Posts: 10,428
MT
|
Typical MN attitude. No facts just the way it is. Good one!
Last edited by snowy; 05/13/20 10:44 PM.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
|
|
|
Re: GDP, Stock Market, and Real Estate Market
[Re: Canvasback2]
#6871905
05/13/20 10:45 PM
05/13/20 10:45 PM
|
Joined: Jan 2014
Posts: 21,084 North East Kansas
Marty
trapper
|
trapper
Joined: Jan 2014
Posts: 21,084
North East Kansas
|
If you do not realize that real estate, stocks, bonds, salaries and currencies are way overvalued nothing I say will help you.
The reality is that without a 2nd or 3rd wave of kung flu we are going to have a difficult time and it is really almost a guarantee that there will be a resurgence of kung flu in the coming months.
There is also the possibility of a contested presidential election this November and/or a dem win with biden resigning soon after taking office so the vp pick can take the wheel....then we could be looking @ a restructured Supreme Court and a gun ban shortly after that.
E 'Honey Badger Militia' Sleep, the anti woke adote.
|
|
|
Re: GDP, Stock Market, and Real Estate Market
[Re: hippie]
#6871916
05/13/20 11:13 PM
05/13/20 11:13 PM
|
Joined: Jan 2014
Posts: 21,084 North East Kansas
Marty
trapper
|
trapper
Joined: Jan 2014
Posts: 21,084
North East Kansas
|
Fella's, if we keep on destroying our food supply lines, you won't have to worry about this stuff.
People need to pull on their big-boy pants and deal with this, this time around let alone the next time. So, explain the specifics of the destroying food supply lines, please.
E 'Honey Badger Militia' Sleep, the anti woke adote.
|
|
|
|
|