by Mike Shedlock, Global Economic Analysis:
I really enjoy your blog. You provide a very interesting viewpoint. One question: I have seen an analysis based on the old Sears catalogs of 30-50 years that shows how much more an average income can buy today versus 30-50 years ago based on actual prices in the catalog. It is very convincing. Do you think that is a valid approach or not?
Keep up the good work. ~ Mel
Hello Mel, I cannot comment on the catalog because I have not seen it. However, I will suggest that many such comparisons that I have seen are invalid.
Please follow SGT Report on Twitter & help share the message.