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2021 - Is inflation finally back in the conversation?

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#5651
Just now, 52-80 said:

it is outrageous that a company has control over its own treasury.

especially if that company is owned collectively by its shareholders where major capital allocations decisions are made jointly by elected officers.  this representative democracy must be abolished. 

Best Che Guevara GIFs | Gfycat

Co-signed- Surly Leftists

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  • Bateshorn
    Bateshorn

    The only thing more predictable than the GOP running up huge deficits on tax cuts and military spending, is each one suddenly becoming horrified by deficit spending 5 mins after a Democrat is sworn in

  • PilotsError
    PilotsError

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#5655
1 hour ago, Fudge Nuggets said:

I’m sure the free market will work its magic. 

It always does.  

"Nothing wrong with a monopoly", surly conservatives, probably.

#5656
1 hour ago, Incredulity said:

https://www.cnn.com/2023/07/31/business/yellow-corp-closing/index.html

 

Third largest LTL shutting down.  Rest of the industry doesn't have the capacity to pick up this volume.  Should make for an interesting couple of months in the logistics profession.

Being an overleveraged trucking company that struggled to make money even in good times turns out not to have been a good business after a prolonged freight downturn:

 

#5659
1 minute ago, Captainant said:

Solid surlytroll to refuse to discuss any company besides coke lol. Keep up the good work, rittenhouse meme man

You think Tyson is a monopoly? 

Hell, name a single company in the US that is a monopoly. 

#5661

Yellow was mired by horrible M&A the past few years and took out a yuge government loan during Covid-19 it couldn't pay back. People will point to the union and strike demands driving them to bankruptcy because it's catnip for certain people, but that's not true. It was a bad business. 

#5663
16 hours ago, Vegas64 said:

Yellow was mired by horrible M&A the past few years and took out a yuge government loan during Covid-19 it couldn't pay back.

should've taken the PPP, then they wouldn't have had to pay it back

#5666
Atlanta Fed GDPNow Q3 growth estimate rises to 3.9% from 3.5%https://t.co/sICCBYw1dU

GDPNow gets revised about once a week or so, tends to bounce up and down from week to week, and often overshoots the official GDP reading. That said, it was dead on for Q2.

#5670
36 minutes ago, Hefeweizen said:

Ackman shorting 30 year Treasury notes right now.  Pretty interesting bet in inflation not being completely tamed.

Rates have been moving up since US credit downgrade. 

#5671
3 hours ago, Hefeweizen said:

Ackman shorting 30 year Treasury notes right now.  Pretty interesting bet in inflation not being completely tamed.

*bonds

#5674
5 hours ago, gsoda3 said:

chick fil a just tried to charge me 50 cents for a styrofoam cup for water.

Come over to the other side with me gsoda. The water is warm. 

#5675
On 8/3/2023 at 3:03 PM, gsoda3 said:

chick fil a just tried to charge me 50 cents for a styrofoam cup for water.

QT in Ft Worth charged me 40 cents to put ice in my Yeti rumbler.  Fuckers

#5676
Market-implied inflation expectations over the next 5-10 years have risen to the highest levels in more than a year. Traders are starting to game out a future with sustainably higher inflation and higher long-term bond yields. https://t.co/AX0CQH7Ox3

 

#5681

Correct me if I'm wrong, but if we've seen 0.2% two months in a row, doesn't that imply ~ 2.43% annualized?  If so, is that so bad?

I get it, extrapolation is dicey at best, but it doesn't seem like prices are behaving anything but "normal" at this point.  We'd all like them to come DOWN a bit I suppose, but that's probably a pipe dream.  Is 0% or even deflation the only way a certain demographic will applaud the progress (and of course not even then)?

Fucking DT.  What a joke.

Edited by jimmyjazz

#5684
13 hours ago, jimmyjazz said:

Correct me if I'm wrong, but if we've seen 0.2% two months in a row, doesn't that imply ~ 2.43% annualized?  If so, is that so bad?

I get it, extrapolation is dicey at best, but it doesn't seem like prices are behaving anything but "normal" at this point.  We'd all like them to come DOWN a bit I suppose, but that's probably a pipe dream.  Is 0% or even deflation the only way a certain demographic will applaud the progress (and of course not even then)?

Fucking DT.  What a joke.

There's going to be significant discontent as long as cost of living adjustments don't actually adjust for cost of living. The lower wage workers have mostly had their adjustments, but the middle class hasn't and isn't happy about having to adjust their lifestyle.

#5685
25 minutes ago, NotActuallyALonghorn said:

There's going to be significant discontent as long as cost of living adjustments don't actually adjust for cost of living. The lower wage workers have mostly had their adjustments, but the middle class hasn't and isn't happy about having to adjust their lifestyle.

I can get with that.  

Any idea what the net price increase to the consumer has been since, oh, January 2021?  I guess it would be a matter of integrating the month over month data.

#5686

No clue, but as a father of three kids, just getting necessities like food (which those little shits mostly just waste), diapers, and clothes has gone up a ton. The more kids you have the more it affects you. The escape price for Target used to be about $100. Now it is at least $150. Need to upgrade to a bigger house because your family got bigger? Lol, you're screwed.

#5689
57 minutes ago, jimmyjazz said:

I can get with that.  

Any idea what the net price increase to the consumer has been since, oh, January 2021?  I guess it would be a matter of integrating the month over month data.

The typical American household spent $709 more in July than they did two years ago to buy the same goods and services, according to Moody’s Analytics. https://t.co/ij5PVGa2rK

 

#5690

Thanks.  census.gov claims median household income was ~ $71K in 2021, so that would represent a 12% hit ($8.5K).  I can definitely imagine that wages haven't jumped accordingly over that 2 year period.  Mine haven't.

#5691
15 hours ago, jimmyjazz said:

Correct me if I'm wrong, but if we've seen 0.2% two months in a row, doesn't that imply ~ 2.43% annualized?  If so, is that so bad?

I get it, extrapolation is dicey at best, but it doesn't seem like prices are behaving anything but "normal" at this point.  We'd all like them to come DOWN a bit I suppose, but that's probably a pipe dream.  Is 0% or even deflation the only way a certain demographic will applaud the progress (and of course not even then)?

Fucking DT.  What a joke.

Inflation is 3.2%

That's not bad, however, when you look at the data, people are still getting fucked.

While Energy is down -12.5%, and definitely helping people, Food is up +4.9% and fucking people. Pet Food is up +10.6%. Shelter is up +7.7%. 

It's a mixed bag, and most people are still feeling the costs, especially the food. 

https://www.bls.gov/news.release/cpi.t02.htm

#5692
8 minutes ago, Neonmoon said:

Inflation is 3.2%

Year over year, yes.  I was trying to annualize the last two months of 0.2% going forward.  Should that rate hold steady (which of course it won't, it will fluctuate, maybe up, maybe down, probably both) that would lead to an annual inflation rate next summer of 2.43% unless my math sucks.

#5693
3 minutes ago, jimmyjazz said:

Year over year, yes.  I was trying to annualize the last two months of 0.2% going forward.  Should that rate hold steady (which of course it won't, it will fluctuate, maybe up, maybe down, probably both) that would lead to an annual inflation rate next summer of 2.43% unless my math sucks.

Sure. It's fine and definitely not too bad, but people are still feeling the effects of certain things. Plus, energy prices are going up again, so that won't help the numbers. 

 

#5694
2 hours ago, Trey3216 said:
The typical American household spent $709 more in July than they did two years ago to buy the same goods and services, according to Moody’s Analytics. https://t.co/ij5PVGa2rK

 

But how much is it for a 4th of July meal ?!?!

#5695
2 hours ago, jimmyjazz said:

Thanks.  census.gov claims median household income was ~ $71K in 2021, so that would represent a 12% hit ($8.5K).  I can definitely imagine that wages haven't jumped accordingly over that 2 year period.  Mine haven't.

Closer to 13.3% if you put that household in a 10% Income Tax bracket.  That $8.5k of after tax pay, not pre-tax.   

#5696
3 hours ago, Neonmoon said:

 

That's not bad, however, when you look at the data, people are still getting fucked.

 

It's a mixed bag, and most people are still feeling the costs, especially the food. 

 

"real" earnings means the wage is already adjusted for inflation (using CPI)

nominal wage vs food inflation.  data indexed to 1980, when the wage data series started.  second quartile = median. 

fredgraph.png

fredgraph(1).png

#5697
2 hours ago, 52-80 said:

But how much is it for a 4th of July meal ?!?!

reminds me that "let's just grill burgers" is often the biggest crock of shit expense fest at the grocery store because you often times have to buy a new jar of mayo (someone always wants mayo on their burger - probably a trump lover), mustard and ketchup (ketchup on their hot dog what libcuck wants that?) which can last up to 6 months, plus two extra hot dog and hambuger buns per package (free market my ass), so that waste isn't accounted for (hidden govertnment tax I tell you). 

#5698
17 minutes ago, troph said:

reminds me that "let's just grill burgers" is often the biggest crock of shit expense fest at the grocery store because you often times have to buy a new jar of mayo (someone always wants mayo on their burger - probably a trump lover), mustard and ketchup (ketchup on their hot dog what libcuck wants that?) which can last up to 6 months, plus two extra hot dog and hambuger buns per package (free market my ass), so that waste isn't accounted for (hidden govertnment tax I tell you). 

sir i must inform you about the mayo on hamburger thing....

 

#5699
25 minutes ago, troph said:

reminds me that "let's just grill burgers" is often the biggest crock of shit expense fest at the grocery store because you often times have to buy a new jar of mayo (someone always wants mayo on their burger - probably a trump lover), mustard and ketchup (ketchup on their hot dog what libcuck wants that?) which can last up to 6 months, plus two extra hot dog and hambuger buns per package (free market my ass), so that waste isn't accounted for (hidden govertnment tax I tell you). 

Look, I agree with a lot of what you say, but this post is awful and you should feel ashamed.  Ketchup is good at least 2 years, but who actually has a bottle last that long?.  Mustard?…shit, you could bury some in a jar and dig it up in 5000 years and it will still be good if the glass didn’t break. 
 

Mayo on a hamburger with cheese, ketchup, and pickles is how the founding fathers and God intended it. Same for hot dogs. And don’t forget some extra mayo (preferably spicy) to dip your hamburger and fries into. 
 

Now I’m headed to the fatass thread. 

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