It looks like you're new here. If you want to get involved, click one of these buttons!
https://usfunds.com/resource/the-putin-price-hike-is-fake-newsImagine it’s 2000, and let’s say a shopping cart of groceries costs you $100. Today, the same number of greenbacks would get you only $58 of the items in that basket of goods from 2000. That’s 42% fewer groceries on average for the same price. If you look at the chart closely, the deterioration of the U.S. dollar has only accelerated in the months since the pandemic.
© 2015 Mutual Fund Observer. All rights reserved.
© 2015 Mutual Fund Observer. All rights reserved. Powered by Vanilla
Comments
Some bio on the author from Linkedin:
“Frank Holmes is the CEO and Chief Investment Officer of U.S. Global Investors. Mr. Holmes purchased a controlling interest in U.S. Global Investors in 1989 and became the firm’s chief investment officer in 1999. Under his guidance, the company’s funds have received numerous awards and honors including more than two dozen Lipper Fund Awards and certificates.
Mr. Holmes is a native of Toronto and is a graduate of the University of Western Ontario with a bachelor’s degree in economics. He is a former president and chairman of the Toronto Society of the Investment Dealers Association.
Mr. Holmes and his team at U.S. Global Investors publish a free … newsletter, the Investor Alert, which highlights the week’s market movements in a SWOT format each Friday evening for its more than 50,000 subscribers.”
Keep on smiling, Derf
A quarter back than bought you a delicious ice cream soda, malt or banana split at Sanders in the old J.L.Hudson building in downtown Detroit. Now you might get the banana for a quarter - but not the split. - Also, single scoop cones were a nickel. Double scoop 10-cents.
Problem growing older is you can remember the price of something 70 years ago but not where you put the car keys 5 minutes ago!