tag:blogger.com,1999:blog-27697009.post512873952588111367..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : The Minimum Wage " A Tempest in a Teapot"Jim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-27697009.post-77866735148903776232014-05-24T20:51:40.171-07:002014-05-24T20:51:40.171-07:00Hi Maurice
Sorry for the late reply, I was up in ...Hi Maurice<br /><br />Sorry for the late reply, I was up in Berkeley for my sons graduation.<br /><br />We are seeing the minimum wage increase, and that is due to the inflationary spending of Congress. Although the average guy on the street can't connect the dots between inflation and government spending by borrowing.<br /><br />What the Fed is doing with their re-purchase program is kind of like treating a bad case of hemorrhoids with pepper spray. You'll reflect back wondering what were you thinking.<br /><br />My next article I hope to examine how this mess is progressing, but it is a little too late to stop what has been set in motion.<br /><br />A basic rule of thumb, if the minimum wage doubles, your retirement nest egg needs to double. Inflation is a tax on savers and bonus bucks to credit card abusers.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-89878789202862898222014-05-19T08:01:47.711-07:002014-05-19T08:01:47.711-07:00If they up the minimum wage, that cost will basica...If they up the minimum wage, that cost will basically be passed to all of us as comsumers, in higher prices.<br /><br />Would that not be pro-inflationary, in an already pumped up pro-inflationary environment? <br /><br />The Fed has seemingly tried so hard not to let capitol trickle down to the average middle class citizen.<br /><br />Wouldn't it then hurt the Fed to up the minimum wage, by letting the inflationary cat out of the bag?<br /><br />Curious about your thoughts.Anonymoushttps://www.blogger.com/profile/08922735985085424100noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-26844365909505982052014-05-15T22:16:42.176-07:002014-05-15T22:16:42.176-07:00Hi Dan Mac
We are doing OK so far. Looks like th...Hi Dan Mac<br /><br />We are doing OK so far. Looks like the fire has move East of us into Escondidio. I think that they will have it contained soon.<br /><br />Keep your fingers crossed, I think we will be OK. The thing that bothers me, is that this sort of stuff is supposed to happen in July and August, not in May.<br /><br />Thank you for your concern<br /><br />Take care<br /><br />JimJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-30218277706249790442014-05-15T17:19:35.505-07:002014-05-15T17:19:35.505-07:00Hi Jim. I just saw on the news that there are fir...Hi Jim. I just saw on the news that there are fires in San Marcos. I hope not too close and that you and your family are safe.<br /><br />Best wishes from the east coast... <br /><br />DanDan Macnoreply@blogger.com