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2021 - Is inflation finally back in the conversation?

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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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2 hours ago, Nice Guy Eddie said:

Very different world where the conservative govt brags about taxing energy companies even more.

 

Scapegoating. Someone has to be blamed. Couldn’t be the money printing or deficit spending or other certain political agendas. You see it here a lot. It’s the evil corporations. What’s even better?

 

The evil fossil fuel corporations!

 

2 hours ago, Nice Guy Eddie said:

 

also isn’t giving people money create more inflation not less?

Only if you believe too much money chasing too few goods contributes to inflation. 

1 hour ago, Parliament said:

You cracked the code!

My subpar, public Texas high school education isn't going to waste. Just don't ask me to diagram a sentence or use correct grammar. Never understood that.

 

Raising taxes during inflation makes sense.  Going after certain industries is problematic.  But then writing checks right back to the spenders is a mistake.

12 minutes ago, Fudge Nuggets said:

But no, there is no price gouging going on.

Getting market price for your goods is not price gouging. You think that Iphone you own is sold at "cost plus 20%"?

11 minutes ago, Cheeseweasel said:

Getting market price for your goods is not price gouging. You think that Iphone you own is sold at "cost plus 20%"?

Do you think that iPhone you own is a commodity product?

34 minutes ago, Fudge Nuggets said:

Must have been one hell of a "Christmas baking season"...

https://www.cnn.com/2023/03/29/business/egg-profits-cal-maine/index.html

But no, there is no price gouging going on.  None whatsoever.

The egg shortage that’s had consumers paying 70% more YoY wasn’t bad for everyone — last quarter’s profits were up 718% YoY for Cal-Maine Foods, America’s largest egg producer.

13 minutes ago, Cheeseweasel said:

So the Government should control the selling price of commodities? 

Well, at least make the dumbasses aware that the "all-time record" inflation they are experiencing isn't the fault of the meanies in the government / federal reserve.

Please post more ignorant takes that show you have no clue how pricing works so we can mock you further.

11 minutes ago, Cheeseweasel said:

Please post more ignorant takes that show you have no clue how pricing works so we can mock you further.

So you believe 718% YoY profit increases are normal?

Dumbass.

Normal? No. But you should ask how we got here. But that would cause for self reflection of policies which, apparently, you aren't capable of.

5 hours ago, Cheeseweasel said:

Normal? No. But you should ask how we got here. But that would cause for self reflection of policies which, apparently, you aren't capable of.


I'm thinking we got there because, after an outbreak of avian flu that saw millions of egg-laying chickens euthanized,  this corporation saw an opportunity to raise its prices and did so.  Am I wrong?

7 hours ago, Horn Under a Bad Sign said:


I'm thinking we got there because, after an outbreak of avian flu that saw millions of egg-laying chickens euthanized,  this corporation saw an opportunity to raise its prices and did so.  Am I wrong?

From what I understand eggs don’t have set prices.  They are traded every day.  The price is what the market will bear.  Normally the range is pretty tight, so you don’t see “market” for your omelet at Denny’s.

 

12 hours ago, Cheeseweasel said:

How's that worked out for us?


Great. Our supermarkets have been full for decades. Yeltsin was so blown away by a stop at a Randall's in Clear Lake that he immediately said "we have to start doing what the Americans are doing."

On 3/30/2023 at 9:21 PM, Incredulity said:

From what I understand eggs don’t have set prices.  They are traded every day.  The price is what the market will bear.  Normally the range is pretty tight, so you don’t see “market” for your omelet at Denny’s.

image.thumb.jpeg.bb9bd446aa97cec753cdd496472b5f46.jpeg

On 3/30/2023 at 10:21 PM, Incredulity said:

From what I understand eggs don’t have set prices.  They are traded every day.  The price is what the market will bear.  Normally the range is pretty tight, so you don’t see “market” for your omelet at Denny’s.

It's fun to see this lie perpetuated. The government has offices dedicated to keeping grain prices artificially high so that we DONT get another dust bowl from over production to meet financial goals. The government fixes prices all the time. 

The price isn't what the market will bear, the price is what they can get away with. And it's just a matter if you think they should or shouldn't get away with price gouging. 

3 hours ago, Captainant said:

It's fun to see this lie perpetuated. The government has offices dedicated to keeping grain prices artificially high so that we DONT get another dust bowl from over production to meet financial goals. The government fixes prices all the time. 

The price isn't what the market will bear, the price is what they can get away with. And it's just a matter if you think they should or shouldn't get away with price gouging. 

Eggs are traded freely.  Bid/ask is the very definition of capitalism.

Chef’s fucking kiss that a simp for socialism takes issue with the Agriculture Marketing Service of the USDA(the Federal fucking government).

On 3/30/2023 at 10:21 PM, Incredulity said:

From what I understand eggs don’t have set prices.  They are traded every day.  The price is what the market will bear. 

Lol. I love this shit. Do sugar and corn next.

Edited by Bozo_Casanova

All eggcitement aside, this OPEC play is pretty predictable.  They’re betting on the timing for China to start increasing demand to drive prices with a six or nine month cushion. Plus, the US SPR is not in a position to release and cushion prices.

 

 Looks like inflation is still on the menu boss.

21 minutes ago, Hefeweizen said:

All eggcitement aside, this OPEC play is pretty predictable.  They’re betting on the timing for China to start increasing demand to drive prices with a six or nine month cushion. Plus, the US SPR is not in a position to release and cushion prices.

 

 Looks like inflation is still on the menu boss.

Yeah looks like we might’ve missed out on that chance to refill the SPR. 

9 minutes ago, Mullet Free said:

Yeah looks like we might’ve missed out on that chance to refill the SPR. 

Can't be greasing the record profit skids of those dastardly oil companies.  

2 hours ago, Trey3216 said:

Can't be greasing the record profit skids of those dastardly oil companies.  

Well we won’t be greasing anything when we are all living in a van down by the river.

26 minutes ago, Shaggy3.0 said:

Learn to code.

And buy a horse.

 

Jokes on you, my horse can code.

32 minutes ago, Cheeseweasel said:

Jokes on you, my horse can code.

Cowboy hat from Gucci, Wrangler on my booty.

31 minutes ago, crash_davis said:

 

That's awesome. 

But it should be entitled "Things the Government pokes their hand in vs. things they don't"

2 minutes ago, Cheeseweasel said:

That's awesome. 

But it should be entitled "Things the Government pokes their hand in vs. things they don't"

Or shit, just post the last 4 quarters earnings reports from the top companies in each category. That's prob more telling than anything else.

28 minutes ago, Cheeseweasel said:

That's awesome. 

But it should be entitled "Things the Government pokes their hand in vs. things they don't"

It’s pretty incredible really. 

Why are we so impatient? Maybe because all the money printing and inflation increases people’s time preference. 

25 minutes ago, Mullet Free said:

Why are we so impatient? Maybe because all the money printing and inflation increases people’s time preference. 

image.gif.4b1df49db017e48ea72bde2120a3658c.gif

March jobs report comes in pretty close to expectations. Markets now expecting one final .25 hike in May.

236K (est. 230K)

U-3: 3.5% (est 3.6%)

Wage Growth: 0.3% MOM, 4.2% YOY (down from 4.6% last month).

Some other interesting nuggets from today's report:

Black UE: 5.0%, lowest ever reported.

Participation Rate up to 62.6%, highest in 3 years but still 1.0% below pre-COVID. Digging deep into the data, it boils down to Whites 55+ leaving the workforce.

Prime-Age (25-54) Participation up to 83.1%, highest since 2001.

It took just 3 years for Prime-Age to fully recover this time around. By comparison, after the GFC, it took nearly 13 years.

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3 hours ago, Storm the Field said:

Participation Rate up to 62.6%, highest in 3 years but still 1.0% below pre-COVID. Digging deep into the data, it boils down to Whites 55+ leaving the workforce.

Prime-Age (25-54) Participation up to 83.1%, highest since 2001.

How do disabilities play into that percentage? Are they pulled from the denominator? 3 million newly disabled in the last couple years. 

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