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World is nuts

Posted: Wed Apr 05, 2017 9:09 am
by Matt Flynn
People are willing to pay $40 for a USB cable that really should cost $6.

In Sydney Airport they charge $60 for said cable ...

http://www.news.com.au/finance/business ... 2042284d71

World is nuts.

Feel free to add your own example of current madness ...

Re: World is nuts

Posted: Wed Apr 05, 2017 10:37 am
by nomad
I was in a dept store looking for a multi usb hub. They had one for 120, I jokingly said ‘ill give you $20’ he said ‘on no we couldn’t do it for that. Checked the computer and I got it for $25.
someone else might have paid the 120

Re: World is nuts

Posted: Thu Apr 06, 2017 4:03 pm
by shaggs
If there's demand on anything and people will pay they will inflate the price
Same as housing. I built my first home in 1985 for $38,000- that same place now is worth around $400.000 .The wages have not gone up that much. They will keep inflating everything until the consumer stops paying but while there is a demand for something they will keep putting the price up