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Economic Snapshot: How Americans Are Maintaining a Rock-Bottom Cost of Living

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Our unscientific poll.

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Good news, everyone! According to a recent Bloomberg article, the cost of living has fallen further than it has in 6 decades! Even Michael Moran, chief economist at Daiwa Securities (correct pronunciation of his last name not given) said, "Inflation is not an issue."

Sound implausible? Well, get ready to eat some crow. Among the examples of a healthy economy given by Bloomberg: "American Eagle Outfitters (AEO) was giving 50% off the purchase of a second graphic t-shirt," and "Chrysler... began offering 5-year, no-interest loans on some models this month."

Now, would that occur in an economy where wages were being outpaced by inflation?

With phone bills, gas, and health insurance at rock-bottom levels, Minyanville takes a look at how Americans are maintaining wallets stuffed with disposable income.



How Americans Are Maintaining a Rock-Bottom Cost of Living

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Eco Snap

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Child labor camps as far as the eye can see.



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E-books for Amazon's Kindle cost a fraction of the $17 the average American spends on books per year

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No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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