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Friday Humor: Greek "Inflation"
According to the Hellenic Statistical Authority (ELSTAT), Greek inflation eased in January to +0.1% - its lowest in 45 years. However, as ekathimerini notes, the prices for certain goods (like food, energy, phones, medicine) rose just a little more than that, leaving us with a simple question: 'what's Greek for hedonics?'
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Of course, getting out of greece via air is the one thing the government doesn't want you to do! (and the most expensive!)
Das sind nicht die Droiden sie suchen!
The chart appears to have misread the article:
"Meanwhile the price of medicines dropped 14.6 percent and telecommunications services were 7.3 percent cheaper."
It's way funnier to watch the sun freak out.
On that note, Enjoy my new video.
The strange minimal Solar Maximum that is double peaked.
http://www.youtube.com/watch?v=VQcrYYzg9vE
HAPPY FRIDAY BITCHEZZZZZ!
Global government lies. Rather interesting that what the government publishes and what people actually experience are so far apart. Shows how stupid and desperate governments are. Bureaucratic dumb-dumbs.
I thought hedonics was Greek and is also the local religion for some.
Dig the video NewThor! +1
Thank you.
I need to get good enough at the video making
so I can make out with a BloombergTV chick soon.
A man's gotta have his goals.
:)
Study some physics, astronomy and cosmology.....
Then get back to me.
Bullshit video, simple as that.
I enjoyed that, Thor. Thanks.
Thank you, good sir!
+1 - Double-peaked ... reality is more complicated, bitchez.
Hahahaha.
One could presume that if there is no electricity, telephone service, medicine, or food to be had, inflation could be low.
http://www.naturalnews.com/028922_Greece_Big_Pharma.html (and that link is about 3 years old already!!)
http://www.zerohedge.com/news/2013-02-28/greeks-panic-drug-firms-slash-s...
Constant inflation-adjusted food prices prove that there is no inflation in Greece.
Besides, one can still buy Greek chicken breasts at 99 euro cents per pound, again proving that there is no inflation.
So what if medicine prices dropped, wasn't there a ZH article on med manufacturers NOT shipping into Greece? So prices are down, but you can't buy anything because the shelves are empty.
Yep. Well spoted. But this inflation level should be compared to wage inflation which is quite massively negative
Oil and food prices are not sticky - they are transitory based on speculation and and technology, ie input costs. Technology provides for lower input costs and improved output. WHen speculators see these changes they move away from their bets.
Due to technological improvements in the oil and gas sector - as well as wind, solar, etc - prices will go up when demand goes up and will come down when supply is supported. Supply will be supported - the doomers are wrong about peak oil and peak energy, ask any economist - and price will come down; as further technological developements are made in other sectors of energy, then demand will be met.
Here is a good article that discusses how the price of energy is always in transition -
We Live In An Age Of Energy Abundance:
http://www.fatcat.com.au/news/home/Investment/951_0.html
Where the fuck did he come from?
Jesus!
In PHD Paul Krugman's belief system,
Ben Bernanke is God.
LoL
I don't know. Aside from the elementary rant, he's got a point with the peak oil fallacy.
He materializes like a terrible cloud of noxious gas on an airplane.
So with gasoline demand levels at near thirty year lows, we are paying a record price fro this time of year. Not to mention the overflowing supplies of oil and refined petroleum products that are creating record exports of those products from the USA.
WOW, SUPPLY AND DEMAND FUNDAMENTALS!!!!
He materializes like a terrible cloud of noxious gas on an airplane.
Would this be related to anal discharges?
"ask any economist".............you've got to be fucking shitting US? right? surely not? seriously? come on? where's the punchline?
Dr. Paul Krugman = Million Dollar BoneHead incognito.
Of course it's inflationary if your not an oil producer, you have to import oil and your currency turns to crap.
Maybe the rest of the Euro fools will get tired of supporting Greece.
If not, Greece can just kick back and leech off of the other Euro members. Forever threatening to take down everyone else when the Euro fools talk about austerity to the Greeks.
It the same for Spain and Italy. They can also kick back and demand more bailouts or they can threaten to blow up the Euro.
When onne child gets ice cream all the rest want it too.
Dr Paul Krugman Don't you have some bankruptsy papers to sign, and some cats to herd?
http://dailycurrant.com/2013/03/06/paul-krugman-declares-personal-bankru...
This reminds me of the "banned" WWII Popeye/King feature cartoons online. Pretty amusing and will be indicative of the current state of mind of the populace years from now.
Did I say how much I enjoy WB7?
(That's not short for Warner Brothers, now is it?)
I love your sarcasm boxed merlot. Billy-7 puts shame to Andy Warhol! I'm silently acquiring his art. ;-)
People are leaving Greece in droves across the border to Bulgaria "for a better life."
That's what they told the journalist on BBC last night on TV. Must be pretty bad there.
When potatoes have gone up by 25% but your income has gone down by 50%, then the true inflation rate is 150% for potatoes.
Nope. It's 0%. When the price of one item goes up, the administers of inflation say you can substitute for that item with something else, thus eliminating inflation. For example, your potatos didn't go up in price, b/c you now eat soap flakes. In fact, that Ministry of Truth has renamed soapflakes as potatos. they are just as good as potatos when mixed with paste. AND, they cost less than potatos, so it's really a deflationary environment, and the FED can continue to purchase treasuries.
Take whats left of your belongings and migrate to Bulgaria??? WTF, if I were a Greek (like the warriors they once were back in the day), I rather go the the affluential neighborhood in Athens and ransack the rich folks because they stole from everyone else.
That is only a few hunger pangs away from happening big time. On a smaller scale it is already taking place.
I've noticed over the years that here in the USSA that inflation always hits the toilet paper first. Do you know what's hard to find anymore? A roll of TP with 500 sheets, double-ply. No longer available. Even the Scott 1000-sheet 1-ply got skinnier; it doesn't even fill the dispenser anymore. I *did* find it on the net - Amazon has Platinum 500 2-ply, but you gotta buy a boatload of it, which I'm going to do.
Georgia Pacific can barely keep up with consumer demand in the bath tissue category. They have had all sorts of supply issues for the last six months.
I can deal with crooked politicians, bankers that are a leech on society and totally rigged markets; but when its costs more to take a shit, thats where I draw the line.
+1
I buy extra toilet paper whenever it is on sale and I have a coupon. I think the going rate is $10 for a 24 pack (reg. price), almost $.50 a roll.
2 ply is a scam to get you to use twice as much paper and pay up the nose for "quilting", "cloudy softness", or whatever.
Scott 1 ply four rolls for $2 is the best TP value in town. A roll of Angel Soft might get you through one good shit, but that's about it.
Have you ever used one sheet of TP other than tearing off little squares for blotting paper?
Link? Please
Nice "Inflation " Creative Weighted Basket....
Again...all data is crooked-cooked-manipulated to avoid recognise...PEOPLE Is underwater in whole SOUTHERN EUROPE
Power Purchase in S-Europe is -60% (Specially in Italy,Portugal,Greece and Spain vs 2007)
Weighted at 99.375% in the new revised chain linked index of Greek inflation the Ministry of Sophistry was quick to point out that with the ever rapidly increasing availability of rubble (rocks, bricks and assorted broken shit) unemployed people and poverty, the prices of those items have in fact plummeted. Which the Ministry of Sleight of Hand and Sketchy Information went on to explain was good news for the Greek consumer.
Yes, the Greek consumer... the one last chump still able to buy anything whatsofuckingever. And he's not working, either. In fact, he's already taken off on his August Vacation.
Opah!
Knukles,right...
Just look CYPRUS...is the next one to crash and the IMF knows it.
Then Hungary and Romania.
Actually I believe these numbers. It doesn't cost anything to crowd the liftgate of a truck with your hands out.
MAKE IT STOP
Ancient depiction of Greek bankers addressing a customer's assets.
And I was wondering why Tyler wouldn't let me post pictures?
Ah, the inequities of the selfish and tyranny of evil men.
(sigh)
Wait a minute!
There's some cultural confusion!
That's a French vase, no?
The Greek vase would....
Where are the sheep and small boy? At least the two dudes are avoiding eye contact.
Oh that's on the other vases.
The Papal vase has the small acolytes
The Welsh vase the sheep
you get the picture....
Er, pictures
We needs open a museum.
The guy in the back is like "high-us five-us, Bro'sephus"
Ode to a Grecian Urn
What haz been seen cannot be unseen!
Don't. Stop. Don't you dare stop.
I think that's Etruscan, but she seems a little busy to talk to us.
OH, that's a she. I couldn't tell at quick glance because her nipples are hiding.
Nevermind, GAME ON.
BTW is the one patting the other on the head? Or is that some kind of synchronizing method?
Seems to be some sort of Vulcan blessing with an ungodly long arm. Alien abduction?
Lordy Kaiser, don't throw raw meat to the lions;)
He's putting up his hand for the old,
"HIGH FIVE BRO!!!!"
Very nice. +1
So you're the guy who runs AncientGrecoPorno.com.
This is a fake. If these were Greeks there would be sheep involved. Or at least a goat.
you mean greek jews...
Maybe a Minotaur...
Ok, that's obviously Jamie on the left, Ben in the center, but who's that on the right?
No, no, no!
Do I need to do all the thinking around here?
We all know that, in the end, Bernanke and Lew are providing the liquidity. The Greek citizen is theoretically enjoying it this way a little more than she ever did before, thus, although she is clearly paying a higher price for what is, in essence, really just the same old thing, there is no inflationary effect due to the hedonic adjustment!
Regarding 'inflation' might we conclude the angle of the dangle to be in direct proportion to the heat of the meat....assuming the % rate of ass is constant?
Nah, HH
She's really an obese he with man boobs.
Remember, it's Greek artwork....
Jeeesh...
'what's Greek for hedonics?'
Paging Dr. Ben Dover. Paging Dr. Ben Dover. Will Dr. Ben Dover please pick up the white courtesy phone?
I just vapor locked the [Jolly Rancher] I was sucking on, in my right lung!
Z/Hers will love the irony in this article: Emir of Qatar buys six Greek islands for the bargain price of £7.3m | Mail Online
Now that comes complete, equipped with Goats, Bitchez....
Bitch goats
Bleat bitch....
Stomp them hooves..
Knuks and Hedge are 2 of my favs. +1
Shhhhh. Maybe if we say it, they'll believe it
You know, in Greece, property taxes are added to the electric bill. No pay, no power, opa. Coming soon to a county near you.
must be eating ipads
Ha ha ha! Good one.
Keep trusting in Europe....
China will crash EURO, then USD....
Waiting, waiting, waiting. China has to bring the West down first and then blame our economic disfunction to explain the burst of their own bubble. With emerging Nationalism in almost every East, South and Southeast Asian country any minor tension that spills over into a scuffle could easily lead to war. Governments in distress may very well welcome such wars.
China can't crash much of anything. China is too busy building cities that no one lives in. Is that fucking Orwellian or what??
Food, medicine, electricity, and heat. These are all luxuries and shouldn't be part of the government inflation numbers.
Lemme tell ya...
The only things holding the whole world together are Bread and Circuses
And the biggest Circus of all is the Internet... free entertainment beyond one's wildest imagination.
Just think of it. In Egypt the SHTF when they closed down social media because the guy enjoying his splib and coffee chatting about those evil bastards on the net was forced to go out into the street...
See, no Circus, no Peaceful Coexistence.
So here's the next piece of EU brilliance.
http://www.telegraph.co.uk/technology/news/9917189/MEPs-to-vote-on-EU-ba...
Riots coming to a street near you.
Huh... or everybody'll be crowding into the Etruscan vase exhibits at the local museum...
The moaning Oracle of Delphi :)
Shit's not gonna work
Ya' can't legislate morality.
Kapo Schulz shall dub it the lex Berlusconi
You could convert the above graph into a word cloud with, "Yes, I'd like a plane ticket out of this fucking hellhole! I'll pay double the normal!"
The only price that matters in Greece is the cost for a liter of Ouzo!
What will it take for the Greeks to realize they're screwed?
Standaknopolis telephoning his bedridden, hospitalized grandmother at night by the light of a heating oil furnace to discuss flight arrangements so that he can retrieve the family's secret potato moussaka recipe.
They already know it . They just try to figure out how to respond.
This is absolutely uneuropean...national inflation statistics ? Please.
Weimar Republik¡ II Stage coming in whole Europe..
LONG Physical Hard Assets....
Yep
Long Physical Hard Arses more likely. The Government MAFIA jacked up the Property taxes through the Electric bills. Irrespective of the fact that you 've got income or NOT . Meanwhile the Friends of the Government ELDorado Gold are having some minor problems with the Greek Minors (High school kids) in the Area, and the Riot Police invaded the school with Chemical weapons to arrest these "TERRORISTS" in Ierissos after the 5.11 minute is the scene inside the High School.
http://www.youtube.com/watch?v=IXoeUtnBQ2Y
There was previously a commando style attack on the Plant and Machinery of the Site
http://www.youtube.com/watch?v=8XPzYlrbDwM
Greece, the cradle of Western Civilization, leads the world in the art of decline.
Bravo !
Friday humor...
Raising the debt ceiling: http://www.youtube.com/embed/Li0no7O9zmE
You mean raising the debt TARGET. If you came home from work, and your basement was full of sewage, what would any normal, rational person do? Would they pump out the shit, or jack up their house?
That little girl in the video- I think her name is Linda Green.
It's really unfortunate what's happening to the people of Greece on a humanitarian level. Greece does have the distinct advantage of being one of the first of many to follow sovereign collapses. I hope the people of Greece take their hardships and use them in a productive way, to build a more productive/secure country. Greece has an opportunity to learn from their mistakes long before the rest of Rome burns.
http://www.tradingeconomics.com/greece/exports
didn't you fk up the graph ?
the original article says "Meanwhile the price of medicines dropped 14.6 percent and telecommunications services were 7.3 percent cheaper."
or i should go to sleep ?
Actually, the graph is not correct.
The article states that prices for medicines and telecoms DROPPED by 14.6% and 7.3% respectively.
Doesn't detract from the sky-rocketing price of fuel and food though!
>The article states that prices for medicines ... DROPPED
That explains the shortages, then.
Meanwhile the vegetable of choice for depressions - the potatoe is UP 25% - that is telling...
O/T Friday humor. Pop off tops like this generally don't end well.
hedonics is a GREEK word! Hello! Idonistis means liking to self pleasure ones self in a perv sexual nature.
So, that means like... uh... normal.
Yeah, normal.
And all along I thought I was some kinda perv.
Michael Crichton, (Jurassic Park, Andromeda Strain, about a hundred million books worldwide) apparently got tired of that crap from some combination of women in his life. He said.'
I like the bodies of attractive young women, like 95% of the male population, the other 5% being queer as three dollar bills.
They should do a similar graph for the US and expose Bernanke's bullshit ``2% inflation``.
Lazy Greeks - they've got the UK's ONS to do their figures for them
As long as I get my daily ration of mousaka I don't care what those high flying potato eaters are paying for stuff.
You know D.P (Donkey Punch?) Krugman....
As much as I loath the threadjack trolling I gotta give you mad ups for staying in character so well.... CB
Inflation is always 1% when your government is run by lying, manipulative bullshit artists. Sound familiar?
Another Friday Humor piece would be to post the Taylor Rule approximation for Greece. Handy tool on bbg---> TAYL Poor bastards will starve the greeks death by hanging in €.
Tyler...Show us the US REAL inflation....Ya baby...