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The New Coffee Room

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  3. Inflation

Inflation

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  • J Jolly
    15 Dec 2021, 00:00

    @george-k said in Inflation:

    Silly Psaki.

    Yes, meat conglomerates are a problem. I've spoken before about what guys are getting for their beef. That's why a rancher -owned meat processing plant is being built in the Midwest.

    But they're not the main problem. Ask any grain farmer about the price and scarcity of seed. The cost of fertilizer. The cost of fuel. The cost of equipment (if you can get it) and the cost of labor.

    That's why feed has gotten so high in price. Trucks and fuel to ship cattle are more expensive. And even cowboys ain't cheap.🤠

    G Offline
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    George K
    wrote on 15 Dec 2021, 00:25 last edited by
    #39

    @jolly said in Inflation:

    Silly Psaki.

    Screen Shot 2021-12-14 at 6.25.13 PM.png

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

    1 Reply Last reply
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      C Offline
      Copper
      wrote on 15 Dec 2021, 16:50 last edited by
      #40

      Conglomerates are bad

      They probably like Trump

      1 Reply Last reply
      • topic:timeago-later,2 months
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        George K
        wrote on 10 Feb 2022, 14:33 last edited by
        #41

        7.5%.

        https://www.bls.gov/news.release/cpi.nr0.htm

        The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.5 percent before seasonal adjustment.

        Increases in the indexes for food, electricity, and shelter were the largest contributors to the seasonally adjusted all items increase. The food index rose 0.9 percent in January following a 0.5-percent increase in December. The energy
        index also increased 0.9 percent over the month, with an increase in theelectricity index being partially offset by declines in the gasoline index and the natural gas index.

        The index for all items less food and energy rose 0.6percent in January, the same increase as in December. This was the seventh time in the last 10 months it has increased at least 0.5 percent. Along with the index for shelter, the indexes for household furnishings and operations, used cars and trucks, medical care, and apparel were among many indexes that increased over the month.

        The all items index rose 7.5 percent for the 12 months ending January, the largest 12-month increase since the period ending February 1982. The all items less food and energy index rose 6.0 percent, the largest 12-month change since the period ending August 1982. The energy index rose 27.0 percent over the last year, and the food index increased 7.0 percent.

        Screen Shot 2022-02-10 at 8.32.47 AM copy.jpg

        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

        1 Reply Last reply
        • J Offline
          J Offline
          Jolly
          wrote on 10 Feb 2022, 17:39 last edited by
          #42

          Just a SWAG, but I suspect even those numbers a smidgen. I would guess closer to 10%, rather than 7.5%.

          “Cry havoc and let slip the DOGE of war!”

          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

          L 1 Reply Last reply 10 Feb 2022, 21:15
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            Copper
            wrote on 10 Feb 2022, 20:07 last edited by
            #43

            CPI Inflation Rate Hits Scorching 7.5%; Dow Jones Slides On Fed Rate-Hike Views

            The consumer price index came in hotter than expected in January, as both the CPI inflation rate and the core rate, excluding food and energy, hit new 39-year highs. Dow Jones industrial average and Nasdaq losses deepened in Thursday afternoon stock market action as Wall Street priced in additional Fed rate hikes. Meanwhile, the 10-year Treasury yield crested 2% for the first time since August 2019 and kept on rising.

            https://www.investors.com/news/economy/cpi-inflation-rate-hotter-than-expected-in-january-dow-jones-falls-bond-yields-rise/

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            • J Jolly
              10 Feb 2022, 17:39

              Just a SWAG, but I suspect even those numbers a smidgen. I would guess closer to 10%, rather than 7.5%.

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              LuFins Dad
              wrote on 10 Feb 2022, 21:15 last edited by
              #44

              @jolly said in Inflation:

              Just a SWAG, but I suspect even those numbers a smidgen. I would guess closer to 10%, rather than 7.5%.

              They changed the formula this month, don’t ya know?

              The Brad

              1 Reply Last reply
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                LuFins Dad
                wrote on 10 Feb 2022, 21:35 last edited by
                #45

                Snowballing. In order to pay sales staff, technicians, and movers enough to maintain their equivalent income while also accounting for higher overhead for store supplies and higher energy costs, I have to raise my margins which will raise the prices further, and that’s before I get my price increases from the manufacturers…

                The Brad

                G 1 Reply Last reply 10 Feb 2022, 22:35
                • L LuFins Dad
                  10 Feb 2022, 21:35

                  Snowballing. In order to pay sales staff, technicians, and movers enough to maintain their equivalent income while also accounting for higher overhead for store supplies and higher energy costs, I have to raise my margins which will raise the prices further, and that’s before I get my price increases from the manufacturers…

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                  George K
                  wrote on 10 Feb 2022, 22:35 last edited by
                  #46

                  @lufins-dad and the fact that energy (fuel) prices are rising will only increase prices for everything that's dependent upon transportation.

                  Which is...everything.

                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                  1 Reply Last reply
                  • 89th8 Offline
                    89th8 Offline
                    89th
                    wrote on 10 Feb 2022, 23:05 last edited by
                    #47

                    So, what stops the snowball? Higher fed rates?

                    C L 2 Replies Last reply 10 Feb 2022, 23:06
                    • 89th8 89th
                      10 Feb 2022, 23:05

                      So, what stops the snowball? Higher fed rates?

                      C Offline
                      C Offline
                      Copper
                      wrote on 10 Feb 2022, 23:06 last edited by
                      #48

                      @89th said in Inflation:

                      So, what stops the snowball? Higher fed rates?

                      Federal price controls

                      G 1 Reply Last reply 10 Feb 2022, 23:34
                      • C Copper
                        10 Feb 2022, 23:06

                        @89th said in Inflation:

                        So, what stops the snowball? Higher fed rates?

                        Federal price controls

                        G Offline
                        G Offline
                        George K
                        wrote on 10 Feb 2022, 23:34 last edited by
                        #49

                        @copper said in Inflation:

                        Federal price controls

                        image.jpeg

                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                        1 Reply Last reply
                        • C Offline
                          C Offline
                          Copper
                          wrote on 10 Feb 2022, 23:59 last edited by
                          #50

                          I remember

                          1 Reply Last reply
                          • J Offline
                            J Offline
                            Jolly
                            wrote on 11 Feb 2022, 00:40 last edited by
                            #51

                            Ah, I remember my 13.25% mortgage fondly.

                            Those were the days....

                            “Cry havoc and let slip the DOGE of war!”

                            Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                            G 1 Reply Last reply 11 Feb 2022, 00:55
                            • J Jolly
                              11 Feb 2022, 00:40

                              Ah, I remember my 13.25% mortgage fondly.

                              Those were the days....

                              G Offline
                              G Offline
                              George K
                              wrote on 11 Feb 2022, 00:55 last edited by
                              #52

                              @jolly said in Inflation:

                              I remember my 13.25% mortgage fondly.

                              LOL. That was ours as well, in 1980.

                              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                              1 Reply Last reply
                              • 89th8 89th
                                10 Feb 2022, 23:05

                                So, what stops the snowball? Higher fed rates?

                                L Offline
                                L Offline
                                LuFins Dad
                                wrote on 11 Feb 2022, 00:58 last edited by
                                #53

                                @89th said in Inflation:

                                So, what stops the snowball? Higher fed rates?

                                No, first step is fixing the supply chain. More goods moving will help tremendously. Then we address spending.

                                Though, a rate hike wouldn’t hurt.

                                The Brad

                                G 1 Reply Last reply 11 Feb 2022, 01:06
                                • L LuFins Dad
                                  11 Feb 2022, 00:58

                                  @89th said in Inflation:

                                  So, what stops the snowball? Higher fed rates?

                                  No, first step is fixing the supply chain. More goods moving will help tremendously. Then we address spending.

                                  Though, a rate hike wouldn’t hurt.

                                  G Offline
                                  G Offline
                                  George K
                                  wrote on 11 Feb 2022, 01:06 last edited by
                                  #54

                                  @lufins-dad said in Inflation:

                                  Then we address spending.

                                  alt text

                                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                  1 Reply Last reply
                                  • L Offline
                                    L Offline
                                    LuFins Dad
                                    wrote on 11 Feb 2022, 01:09 last edited by
                                    #55

                                    A more cynical solution would be to go to war…

                                    The Brad

                                    G 1 Reply Last reply 11 Feb 2022, 01:21
                                    • L LuFins Dad
                                      11 Feb 2022, 01:09

                                      A more cynical solution would be to go to war…

                                      G Offline
                                      G Offline
                                      George K
                                      wrote on 11 Feb 2022, 01:21 last edited by
                                      #56

                                      @lufins-dad said in Inflation:

                                      A more cynical solution would be to go to war…

                                      Link to video

                                      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                      1 Reply Last reply
                                      • 89th8 Offline
                                        89th8 Offline
                                        89th
                                        wrote on 11 Feb 2022, 13:06 last edited by
                                        #57

                                        Best investment strategy for cash during a period of inflation? Certainly if the rates go up then savings accounts (and CDs, bonds, etc) all would be more attractive than the current 0.05% rates out there.

                                        J 1 Reply Last reply 11 Feb 2022, 13:32
                                        • 89th8 89th
                                          11 Feb 2022, 13:06

                                          Best investment strategy for cash during a period of inflation? Certainly if the rates go up then savings accounts (and CDs, bonds, etc) all would be more attractive than the current 0.05% rates out there.

                                          J Offline
                                          J Offline
                                          Jolly
                                          wrote on 11 Feb 2022, 13:32 last edited by
                                          #58

                                          @89th said in Inflation:

                                          Best investment strategy for cash during a period of inflation? Certainly if the rates go up then savings accounts (and CDs, bonds, etc) all would be more attractive than the current 0.05% rates out there.

                                          Yeah, but what you get, still won't keep up with inflation.

                                          “Cry havoc and let slip the DOGE of war!”

                                          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

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