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Deleted member 16736
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I disagree strongly with this post. In inflation-adjusted terms, the price of a leather jacket hasn't changed .[/QUOTE
Perhaps with regard to the "average" price, but many here are pointing out prices rising (above average) due to demand.
A different way of looking at your scenario:
How many leather jackets on average did a person own 80 years ago in your estimation? How many leather jackets do you yourself own? How many do you think most members here own on average? I'm guessing it's quite a bit more than the guy who was around 80 years ago. In my mind, places like this raise the demand and therefore contribute towards raising the prices.
We represent such a tiny fraction of the overall population that to re-create demand from 80 years ago we each need to own five jackets, at least.
The dollar price of leather jackets is climbing so quickly because the dollar price of tangible goods is rising quickly. Gold has gone up over 6 times since 2001. Oil has tripled. Natural gas... well, that doesn't count, but I hear natural gas in Europe and Asia is a lot higher. It isn't that leather jackets are suddenly more valuable or a few guys on internet message boards are creating a buying frenzy giving producers a lot of pricing power. Rather, it's simply that currencies are collapsing, not against each other but against things of value (like leather jackets and the things that go into making them).
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