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?'
(19 votes)
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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.