Originally Posted by
Joe LaMantia
I think you may have missed one important factor in your analysis, mainly the impact on inflation. How does the 2012 dollar compare to the 1946 dollar? The assumption that twice the cost of a low end car in 1946 would be valid in 2012 is a false assumption. Just think of the state of the world in 1946. We had a population of about 125 million, vs 315 million today. We were the only major country to come out of WWII undamaged, and we had a great surplus of natural resources like oil. I was born in 1943 and can remember my Dad buying and selling a bunch of old cars, pre-war vintage, and even not owning a car for a short while.
My parents only owned one car, today I own 3. I think we may want to actually ask an economics expert to provide a real comparison of the buying power of the 1946 dollar in 2012, b/4 we jump to any conclusions.
There are a lot of factors or variables that impact currency valuation, I would like to see more than one valuation method before making any comparisons. I noticed that there is an opportunity to vote on this subject, which is an invitation to ask people to join together in wishful thinking. Today's Global economy is not based on wishes, but markets, while I'm not of fan of all the speculation in commodities it is part of the real world.
Joe
:cool: