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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Inflation

Inflation

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  • D Doctor Phibes
    14 Dec 2021, 23:43

    Nobody’s getting their hands on big meat in Biden’s government

    L Offline
    L Offline
    LuFins Dad
    wrote on 14 Dec 2021, 23:48 last edited by
    #36

    @doctor-phibes said in Inflation:

    Nobody’s getting their hands on big meat in Biden’s government

    Mayor Pete…

    The Brad

    G 1 Reply Last reply 14 Dec 2021, 23:50
    • L LuFins Dad
      14 Dec 2021, 23:48

      @doctor-phibes said in Inflation:

      Nobody’s getting their hands on big meat in Biden’s government

      Mayor Pete…

      G Offline
      G Offline
      George K
      wrote on 14 Dec 2021, 23:50 last edited by
      #37

      @lufins-dad said in Inflation:

      @doctor-phibes said in Inflation:
      Nobody’s getting their hands on big meat in Biden’s government

      Mayor Pete…

      Post of the month.

      "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
      • G George K
        14 Dec 2021, 22:14

        J Offline
        J Offline
        Jolly
        wrote on 15 Dec 2021, 00:00 last edited by
        #38

        @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.🤠

        “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 15 Dec 2021, 00:25
        • 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
          G Offline
          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
          • C Offline
            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
            • G Offline
              G Offline
              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
                • C Offline
                  C Offline
                  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/

                  1 Reply Last reply
                  • 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%.

                    L Offline
                    L Offline
                    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
                    • L Offline
                      L Offline
                      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…

                        G Offline
                        G Offline
                        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 Online
                          89th8 Online
                          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
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