TIP: Click on subject to list as thread! ANSI
echo: coffee_klatsch
to: Bob Ackley
from: Joe Bruchis
date: 2008-02-22 07:25:16
subject: Re: Something to ponder

BA> Heating oil is up $.40 in the past week or so.  It's now about
BA> $3.35/gallon.
BA> Dunno what I'm going to do next winter.
 
Yep, good ole' stagflation.  The prices increase, but our wages or anuities
receive cost of living increases less than half of the actual rate of
inflation. There's not much any of us can do about it.
 
I'm eligible to retire this year, but will probably continue working as
long as I am healthy enough to do so. If I were to take a retirement
annuity right now, and tried to invest in CD's, or other low risk
investments, I'd only get 3.12% or so, interest. This is in light of the
fact milk and eggs have increased 50% or more the past few years. My
retirement would place me in the poor house in a few years as my low risk
investments will be way behind inflation rates. Hence I would spiral
downwards, just like the economy. (-:
 
Joe

... I'm Seymour Cash of the law firm Dowie, Screwem, & Howe
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