GeoDudeFlorida
Member
- Joined
- Dec 1, 2020
- Messages
- 11,086
Corrected for cost of goods sold and the exchange rate of the dollar or unadjusted direct cost? The two numbers are often VERY far off.Definitely incorrect imho, folks said that the last time.
I’ll bet you a cold drink.
When I "calculate" (more like guesstimate) whether or not I'm making money on a sale or trade, I always take the real values - what I paid "then" adjusted for inflation and any gains/losses in the value of the dollar, minus what I'm selling for "now" or the "market value" of the items being traded - then if I'm bored, as a percent profit/loss. I think that gives a good idea of the change in actual value of goods and services. For example, a year or more from now, after adjusting for inflation and the exchange rate of the dollar, 60¢/ea. in 2022 MAY end up being far less than 30¢/ea in 2018. Or, if we enter a period of deflation - or worst yet, a genuine economic depression - a year later, 30¢/ea in 2023 MAY end up being far more than 30¢/ea in 2018. All things have cost. All costs are paid. Those costs may be shared by the buyer and the seller; or, they may be paid by the buyer or paid by the seller but, all costs are paid.
Energy and mass are always conserved.