(no subject)
I'm not sure that I will be able to afford to live without some sort of radical pay increase or stock market luck^10000000000.
I don't want to be another person to bitch about $4 gas, and although it is a major pain in the ass, filling up my car isn't what I am most concerned about.
I saw today that May had the largest rate of inflation in (don't quote me here), but I think it said history. And right next to that article was one about US Airways starting to charge for the first checked bag. I know other airlines have started doing this so it is old news, but as I read the article, which was full of more old news, I rerealized how impossible it is going to be to fly anywhere soon. US Airways stock is down 91% from it's 52-week high from somewhere in the $30s to below $3 a share. Another airline bankruptcy coming soon?
I spent part of the day looking at Wachovia Bank's stock which hit its 16 year low today. In just the short amount of time I have been following WB it has been up at $40 a share to below $18 at points today. The entire economy is struggling.
I talk to my dad about his sales job and he tells me steel costs an all-time, but somehow he is selling more of it than ever before. How or why you might ask. Answer, because the buyers know the price is only going to go higher so they are buying more now. That is what it seems like is happening with everything we buy at a much faster rate than in the past. Gas is of course the prime example, but it seems to span all the way across everything. In the grocery I saw a 12 pack of pop was $4.50. I don't drink much pop anymore, but I remember freshman year of college we were buying 24 packs for the dorm at $5 each. At Arby's 5 regular roast beefs used to be $5, then $5.55, now it is 4 for $5 and you have to have the coupon. I was talking to a guy who owns radio stations on a plane last week and he was telling me that they are suffering because all their money is from advertisers, but all their advertisers are having a tough time so they can't afford to buy ads. It's remarkable. I'm doing fine now, but with the mortgage crisis that is killing banks I don't know what it is going to be like when I'm ready to try and buy a house.
I don't know the answers, and I really doubt there are answers. I'm just going to have to take all the prices that seem extremely high and accept them as the new norm. Just get used to it and adjust my spending to live with it.
I don't want to be another person to bitch about $4 gas, and although it is a major pain in the ass, filling up my car isn't what I am most concerned about.
I saw today that May had the largest rate of inflation in (don't quote me here), but I think it said history. And right next to that article was one about US Airways starting to charge for the first checked bag. I know other airlines have started doing this so it is old news, but as I read the article, which was full of more old news, I rerealized how impossible it is going to be to fly anywhere soon. US Airways stock is down 91% from it's 52-week high from somewhere in the $30s to below $3 a share. Another airline bankruptcy coming soon?
I spent part of the day looking at Wachovia Bank's stock which hit its 16 year low today. In just the short amount of time I have been following WB it has been up at $40 a share to below $18 at points today. The entire economy is struggling.
I talk to my dad about his sales job and he tells me steel costs an all-time, but somehow he is selling more of it than ever before. How or why you might ask. Answer, because the buyers know the price is only going to go higher so they are buying more now. That is what it seems like is happening with everything we buy at a much faster rate than in the past. Gas is of course the prime example, but it seems to span all the way across everything. In the grocery I saw a 12 pack of pop was $4.50. I don't drink much pop anymore, but I remember freshman year of college we were buying 24 packs for the dorm at $5 each. At Arby's 5 regular roast beefs used to be $5, then $5.55, now it is 4 for $5 and you have to have the coupon. I was talking to a guy who owns radio stations on a plane last week and he was telling me that they are suffering because all their money is from advertisers, but all their advertisers are having a tough time so they can't afford to buy ads. It's remarkable. I'm doing fine now, but with the mortgage crisis that is killing banks I don't know what it is going to be like when I'm ready to try and buy a house.
I don't know the answers, and I really doubt there are answers. I'm just going to have to take all the prices that seem extremely high and accept them as the new norm. Just get used to it and adjust my spending to live with it.