2021 - Is inflation finally back in the conversation?

[gsoda3 3284]

[gsoda3 3284]

he's being candid but coming across really incompetent.  everyone predicted supply side issues except the guy in charge?

 

[Cheeseweasel 26438]

"Markets are baking in a return to lower inflation longer term"

And if that doesn't happen?

[Guest]

Quote

In the past two quarters, U.S. corporations outside of the finance industry posted their fattest margins since 1950 -- one reason why stock markets keep hitting all-time highs.

On earnings calls, plenty of executives complained about the squeeze from rising costs of labor as well as materials. But overall, profits were up 37% from a year earlier, according to data out last week from the Commerce Department.

https://finance.yahoo.com/news/fattest-profits-since-1950-debunk-120000558.html

[jimmyjazz 46351]

19 hours ago, Satoshi said:

convenient

Or maybe, you know, true?

[Cheeseweasel 26438]

57 minutes ago, FirstTimeCaller said:

On earnings calls, plenty of executives complained about the squeeze from rising costs of labor as well as materials.

Because of lag. They are able to raise prices on current inventory based on future prices. People that write for Yahoo Finance have ZERO fucking clue on how businesses run. 

FIFO, bitches!

[Guest]

9 minutes ago, Cheeseweasel said:

Because of lag. They are able to raise prices on current inventory based on future prices. People that write for Yahoo Finance have ZERO fucking clue on how businesses run. 

FIFO, bitches!

It's a Bloomberg article posted on Yahoo.

[Cheeseweasel 26438]

Just now, FirstTimeCaller said:

It's a Bloomberg article posted on Yahoo.

Even worse.

[Parliament 14357]

6 hours ago, FirstTimeCaller said:

https://finance.yahoo.com/news/fattest-profits-since-1950-debunk-120000558.html

Not a surprise.  It's easier to hedge cost than it is to raise your selling prices.  This is especially true for businesses that buy commodities and make them into something or another commodity.  

ETA

Shit gets real when the worm turns.  You give a buncha that windfall right back.

 

Edited November 30, 2021 by Parliament

[StassneyHorn 6673]

On 11/30/2021 at 8:49 AM, tbone_ said:

$4.29 today. Same pump.

Google maps could have saved you 59 cents per gallon

[Storm the Field 5304]

OUr national nightmare may be coming to an end:

 

[Parliament 14357]

The buffalo wing price-fixers'...

 

 

...chickens are coming home to roost.

[Incredulity 11684]

oh, Hai

https://www.nytimes.com/live/2021/12/10/business/inflation-cpi-stock-market-news

 

The Consumer Price Index climbed by 6.8 percent in the year through November, the data showed

[babysdaddy 2730]

You knew the print was going to be bad when comments like "tomorrow's print doesn't capture the recent decline in energy prices" started leaking out from the White house.

[Parliament 14357]

Offered without comment.

 

[Neonmoon 38130]

Ha this was a funny response 

 

[workswithseed 2121]

 

 

[Incredulity 11684]

El-Erian has been all over Powell and the Fed this weekend.  Called the “transitory” call the worst in Fed history.  
 

https://www.bloomberg.com/news/articles/2021-12-12/el-erian-says-transitory-inflation-call-likely-fed-s-worst-ever

El-Erian on CNBC this morning said the Fed is behind and unable to catch up with the reality.  
 

that seems very bad.

[Cheeseweasel 26438]

Economists: Hey Fed, If you print less money, it might curb inflation, but it will probably screw up the Stock Market.

Fed:  Sorry, can't hear you over the BRRRRRRRRRRRRRRRRRRRRRT

[Incredulity 11684]

 

[Incredulity 11684]

https://www.cnbc.com/2021/12/14/wholesale-prices-measure-rises-9point6percent-in-november-from-a-year-ago-the-fastest-pace-on-record.html

[Cheeseweasel 26438]

Records are good, right?

[workswithseed 2121]

[UT_OB1 2227]

7 minutes ago, workswithseed said:

That asshole got a raise?  Or salaries have been frozen for 2 years due to Covid. I’m hoping it doesn’t extend to a third.

Edited December 14, 2021 by UT_OB1

[workswithseed 2121]

1 minute ago, UT_OB1 said:

That asshole got a raise?  Or salaries have been frozen for 2 periods due to Covid. I’m hoping it doesn’t extend to a third.

 

[Trey3216 15380]

2 minutes ago, workswithseed said:

 

Don't tell jimmy!  He'll say it's not real  

[Cheeseweasel 26438]

"Transitory"

 

[Parliament 14357]

  Jerome Powell today:

 

 

[Cheeseweasel 26438]

[Incredulity 11684]

18 hours ago, Trey3216 said:

Don't tell jimmy!  He'll say it's not real  

"I can still get a gallon of milk on sale for $2.69"

[Trey3216 15380]

Nothing to see here...

https://www.cnbc.com/2021/12/15/fed-will-aggressively-dial-back-its-monthly-bond-buying-sees-three-rate-hikes-next-year.html

 

 

[jimmyjazz 46351]

22 hours ago, Trey3216 said:

Don't tell jimmy!  He'll say it's not real  

Oh, blow me.  Have you seen me say inflation is not real in the last 6 months or so?

Rent.  Free.

[jimmyjazz 46351]

3 hours ago, Incredulity said:

"I can still get a gallon of milk on sale for $2.69"

Milk is STILL $3.38 per gallon at HEB, you twit.  Inflation 2021 is real, but you go out of your way to prove (a) your obsession with me and (b) your lack of critical thinking skills.

 

Edited December 15, 2021 by jimmyjazz

[Cheeseweasel 26438]

 

 

 

[Neonmoon 38130]

It’s amazing how many rich people care about the poor when it comes to inflation and the price of milk

[elfenix 34364]

inflation is going on throughout the first world at pretty much the same rate as here.  so it's definitely the fed.

germany, canada, uk, south korea, norway, spain, italy, all in the same boat as we are.  pretty common theme is higher energy prices, which we all know are a globally traded commodity with prices set by a cartel foreign governments.  the US is (probably) more sensitive to increased oil prices in particular because we use so much of it. 

germany:

canuckistan:

uk:

sk:

norway:

spain:

italy:

 

 

 

Edited December 15, 2021 by elfenix

[Hefeweizen 5347]

Inflation in construction is where it’s really showing up right now.  I am seeing 50 percent higher than fall 2020 on many items. It’s insane.

[tbone_ 14211]

Yep

[workswithseed 2121]

1 hour ago, Neonmoon said:

It’s amazing how many rich people care about the poor when it comes to inflation and the price of milk

Fuck you, I care about inflation because I'm poor.

[Cheeseweasel 26438]

3 minutes ago, workswithseed said:

Fuck you, I care about inflation because I'm poor.

Well don't be poor. Duh.

[Cheeseweasel 26438]

Charts and graphs without labels make me Surly. 

[workswithseed 2121]

Just now, Cheeseweasel said:

Well don't be poor. Duh.

Ha, that's rich.

[elfenix 34364]

17 minutes ago, Cheeseweasel said:

Charts and graphs without labels make me Surly. 

it's all just 5 year inflation charts from tradingeconomics.com.  keep in mind that they're not going to be directly comparable because baskets will be different from place to place (as they should be). 

[Incredulity 11684]

1 hour ago, Hefeweizen said:

Inflation in construction is where it’s really showing up right now.  I am seeing 50 percent higher than fall 2020 on many items. It’s insane.

so a shit load of commercial general contractors with GMP contracts will be filing BK in 3, 2, 1....

[Incredulity 11684]

3 hours ago, jimmyjazz said:

Milk is STILL $3.38 per gallon at HEB, you twit.  Inflation 2021 is real, but you go out of your way to prove (a) your obsession with me and (b) your lack of critical thinking skills.

 

"I can buy milk for 50% more than before.  SEE No InFlArTnriON!!!1!11!1"

 

 

 

[Parliament 14357]

5 hours ago, elfenix said:

inflation is going on throughout the first world at pretty much the same rate as here.  so it's definitely the fed.

germany, canada, uk, south korea, norway, spain, italy, all in the same boat as we are.  pretty common theme is higher energy prices, which we all know are a globally traded commodity with prices set by a cartel foreign governments.  the US is (probably) more sensitive to increased oil prices in particular because we use so much of it. 

 

 

 

 

 

 

 

We're a net exporter.  High oil prices might do more good than harm for our overall economy.  If you work in the oil field or sell F Tree Fiddy's, you're happy right now.  They rest of us? Not so much.

[elfenix 34364]

1 hour ago, Parliament said:

We're a net exporter.  High oil prices might do more good than harm for our overall economy.  If you work in the oil field or sell F Tree Fiddy's, you're happy right now.  They rest of us? Not so much.

our inflation market basket has gas prices as a big chunk of it.  so our inflation metric is going to show more inflation than, say, germany's, where people use less gas.  33% of observed inflation YoY is due to gas prices going up 58%.  that's 2 points just from one thing. 

used cars are another point by themselves. 

[Upgrayedd 5822]

5 hours ago, Incredulity said:

so a shit load of commercial general contractors with GMP contracts will be filing BK in 3, 2, 1....

And you would be wrong

[Biff Tannen 45751]

My company just went over our strategic annual review and the numbers they used were Yo2Y because 2020 was obviously an outlier.  Why aren't we looking at inflation the same way?  

[Cheeseweasel 26438]

17 minutes ago, Biff Tannen said:

My company just went over our strategic annual review and the numbers they used were Yo2Y because 2020 was obviously an outlier.  Why aren't we looking at inflation the same way?  

Your company is using the cost of goods from 2020 as a basis? Good luck with that...