2021 - Is inflation finally back in the conversation?

[NotActuallyALonghorn 4,976]

I bought a single treated 2x4 yesterday...$11. I also had to buy a 16 foot  cattle panel, almost $30, up from like $18 in September.

[pearlandhorn 3,269]

On 2/19/2022 at 7:02 AM, UTGrad98 said:

Fast food /restaurant prices coupled with "tipping" almost anywhere that isn't a drive through has created enough sustainable rage for me to have eaten at home for lunch 2 straight weeks. Our family hasnt eaten out in a month. I'm saving 200 a week personally and my wife said the grocery bills aren't too much higher since we are eating more at home including leftovers. I've lost weight. I have a ton more energy and have even started working out at lunch. So many positive changes from this and all it took was "sandwich artists" and 40 year high inflation. 

This. Family of 3 here. We’ve been cooking at home so much that I haven’t really noticed a difference in my bank account associated with eating out. We eat out maybe once a month or every 6 weeks. We buy in bulk at Costco and have for the last 4 years. Our staple fruits and veggies are up a bit but the cow we had slaughtered 6 months ago is getting eaten. Probably will split a full cow with my folks in the next 4 months. Buying in bulk is definitely a way to get ahead of the inflation curve.

[Bozo_Casanova 26,447]

9 hours ago, washparkhorn said:

Any recommendations for a reading list?

Ray Dalio‘s study of Big Debt Crises, “Political Tribes” by Amy Chua, and some Edward Gibbon.

And I’m about to read Brett King’s new book “The Rise of Technosocialism” which may contain hopium but Brett is often right about things and in any case is one of the good guys. 

[Wulaw Horn 19,069]

From a UT prof in the nation. Basically just completely enact Progressive agenda and we shall be fine

https://www.thenation.com/article/economy/inflation-federal-reserve/

 

some of it was absurd, some naive and some had a ring of truth (or even more than a ring of truth. I like contrarianism which this was- essentially inflation no big deal and the headlines will go away in a couple months naturally and on their own when we start comparing YOY prices to a place in time once the elevator already started going up last year which I made a version of the same argument. 

[Parliament 14,256]

I hope this statement isn't CR.  If it is, I'll take it down:

That guy is an idiot.

[washparkhorn 9,939]

5 hours ago, Bozo_Casanova said:

Ray Dalio‘s study of Big Debt Crises, “Political Tribes” by Amy Chua, and some Edward Gibbon.

And I’m about to read Brett King’s new book “The Rise of Technosocialism” which may contain hopium but Brett is often right about things and in any case is one of the good guys. 

Thank you, Sensei. 
 

sincerely, 

grasshopper. 

[RDCanecutter 26,413]

It's not really inflation until we get little aluminum coins with $1000 stamped on them.

[Immaculate Vibes 114]

10 hours ago, Bozo_Casanova said:

Ray Dalio‘s study of Big Debt Crises, “Political Tribes” by Amy Chua, and some Edward Gibbon.

And I’m about to read Brett King’s new book “The Rise of Technosocialism” which may contain hopium but Brett is often right about things and in any case is one of the good guys. 

Dalio’s Principles for dealing With the changing world order is very good. Obviously touches on the debt cycle that driving most of the societal changes going on, but goes more into changes in the internal order and external order of countries. Unfortunately leaves you with the feeling that a lot of current and future events are inevitable. 

[Parliament 14,256]

3 hours ago, RDCanecutter said:

It's not really inflation until we get little aluminum coins with $1000 stamped on them.

And Coca Cola in plastic bags.

[RDCanecutter 26,413]

2 minutes ago, Parliament said:

And Coca Cola in plastic bags.

Bags that we save, wash, and trade back in for a deposit.

[tbone_ 14,115]

It's not really inflation until we get little aluminum coins with $1000 stamped on them.

What about little make believe coins?

[LCHorn 2,617]

2 hours ago, Immaculate Vibes said:

Dalio’s Principles for dealing With the changing world order is very good. Obviously touches on the debt cycle that driving most of the societal changes going on, but goes more into changes in the internal order and external order of countries. Unfortunately leaves you with the feeling that a lot of current and future events are inevitable. 

Funny, I was thinking about that today and then read Ezra Klein’s piece in The NY Times about what a pickle we’re in regarding Afghanistan.  Essentially we’re withholding their treasury reserves for “the people” who are now governed by a hostile government and stand to starve as a result.  He makes the comment that we’re essentially punishing them for letting themselves be overrun by the Taliban.  
 

In between bemoaning our current situation @Brisketexan has referred (repeatedly) to our need to show personal responsibility for our current political strife (a recurring theme of his is “we did this, we deserve it”).  I suppose in a way the the Afghanis did, too (for some reason when I read Klein’s piece I imagined him saying “yup, that’s it exactly”, not out of cruelty but as a lesson in consequence).  
 

I think the lesson is even in the face of the inevitable you must take action.  Certainly Dalio does, and to his profit.

[Bozo_Casanova 26,447]

Especially. Especially in the face of the inevitable. 
These are historical forces. That’s why Gibbon was on my list.

[Immaculate Vibes 114]

 

[Shaggy3.0 1,695]

16 hours ago, RDCanecutter said:

It's not really inflation until we get little aluminum coins with $1000 stamped on them.

Wait.  Are we overlooking the $1 Trillion Platinum coin?  I love paper money games.  Are we not entertained? hahah

[52-80 19,150]

3 hours ago, Immaculate Vibes said:

 

dear ECB, moar negative rates pls!

[George Clooney 378]

On 2/20/2022 at 10:36 AM, Wulaw Horn said:

From a UT prof in the nation. Basically just completely enact Progressive agenda and we shall be fine

https://www.thenation.com/article/economy/inflation-federal-reserve/

 

some of it was absurd, some naive and some had a ring of truth (or even more than a ring of truth. I like contrarianism which this was- essentially inflation no big deal and the headlines will go away in a couple months naturally and on their own when we start comparing YOY prices to a place in time once the elevator already started going up last year which I made a version of the same argument. 

Spoiler

From 1993 to 1997 Galbraith served as chief technical adviser for macroeconomic reform to the State Planning Commission of the People's Republic of China.

The article made more sense when I looked up his bio. I agree that it is mostly naive considering the appetite for large-scale socialist reform exists largely in the millennial/gen z cohort.

[Royalfan5 2,354]

As an aside for this thread, we are now trading wholesale select boxed beef above choice which should pull lighter weight cattle forward, and is also probably a bad sign for food service demand. 

[Neonmoon 38,129]

2 hours ago, Royalfan5 said:

As an aside for this thread, we are now trading wholesale select boxed beef above choice which should pull lighter weight cattle forward, and is also probably a bad sign for food service demand. 

Explain this to me like I don’t speak Aggy

[Royalfan5 2,354]

46 minutes ago, Neonmoon said:

Explain this to me like I don’t speak Aggy

The good beef is cheaper than the less good beef. It takes longer and better feeding to grade out choice vs. select, so if select is worth more lighter weight cattle go to town sooner. If choice is soft you aren't moving the better cuts of beef for good restaurants and grilling like you should. Right now reported whole sale prices are the cheapest they've been since fall 2020 for the most part. 

[Royalfan5 2,354]

That being said, pork is still fucked up because of lower numbers due to disease and omricron fucking up belly and ham processing. 

[txduck87 985]

The good beef is cheaper than the less good beef. It takes longer and better feeding to grade out choice vs. select, so if select is worth more lighter weight cattle go to town sooner. If choice is soft you aren't moving the better cuts of beef for good restaurants and grilling like you should. Right now reported whole sale prices are the cheapest they've been since fall 2020 for the most part. 

Sent from my iPhone using Tapatalk

[Shaggy3.0 1,695]

2 hours ago, Royalfan5 said:

The good beef is cheaper than the less good beef. It takes longer and better feeding to grade out choice vs. select, so if select is worth more lighter weight cattle go to town sooner. If choice is soft you aren't moving the better cuts of beef for good restaurants and grilling like you should. Right now reported whole sale prices are the cheapest they've been since fall 2020 for the most part. 

[UT_OB1 2,218]

Needed a 3 meter socket.  Found some approved models for $500 with 128 day lead time!  Ended up going with one for $950 that will supposedly be here in a week. Also, 3” pvc conduit seems to be a little short in supply. Not impossible to get, but having to call around and bit more costly than it seems it should be 

[XYZ 2,154]

1 hour ago, UT_OB1 said:

Needed a 3 meter socket.  Found some approved models for $500 with 128 day lead time!  Ended up going with one for $950 that will supposedly be here in a week. Also, 3” pvc conduit seems to be a little short in supply. Not impossible to get, but having to call around and bit more costly than it seems it should be 

WTF is a “3 meter socket”?

[UT_OB1 2,218]

1 hour ago, XYZ said:

WTF is a “3 meter socket”?

This, but I need the 200 amp version 

https://www.homedepot.com/p/Milbank-100-Amp-4-Terminal-Position-Ringless-Overhead-Underground-Horn-Bypass-3-Position-Side-Wireway-Gang-Socket-R573-XL-KK-CECHA/306378560

[Cheeseweasel 26,438]

On 2/20/2022 at 10:36 AM, Wulaw Horn said:

Basically just completely enact Progressive agenda and we shall be fine

[Wulaw Horn 19,069]

5 hours ago, Cheeseweasel said:

In case it wasn’t clear that was my summary of the article not my prescription. 

[Cheeseweasel 26,438]

32 minutes ago, Wulaw Horn said:

In case it wasn’t clear that was my summary of the article not my prescription. 

I gathered that. 

[Cheeseweasel 26,438]

WUT

Edited February 23, 2022 by Cheeseweasel

[workswithseed 2,103]

7 hours ago, Cheeseweasel said:

WUT

Chicken butt

[Immaculate Vibes 114]

Wage inflation 

[elfenix 34,232]

port of LA/LB: shit's getting better but still backed up. 

 

https://www.facebook.com/Mxsocal/photos/pcb.3123738161201877/3123732281202465/

[ChickenSandwich 9,834]

Ouch. Pets finally joined the party. Saw 27% price increase on canned food and 18% on hard food since last month. 
 

Sorry guys. It’s been a good run, let’s go watch old yeller. 
 

I kid I kid. 

[Incredulity 11,667]

[StassneyHorn 6,575]

This thread has made it very clear some of you don’t know how to shop

[Immaculate Vibes 114]

 

[UT_OB1 2,218]

On 2/27/2022 at 8:30 AM, StassneyHorn said:

This thread has made it very clear some of you don’t know how to shop

Lulz. Clear some people don’t deal with purchasing millions a year in raw materials to make other things. All of our  inputs to our processes are near or over  double. Packaging is up at least 50%, maybe more. Haven’t checked in a while.   We had one chemical supplier tell us they couldn’t get us our normal strength acid, they could get us a lower strength (so we use more to make same thing) and we were going to have to pay normal price plus extra in shipping.  That or we shut down 2 units.  Electronics and most other parts are long lead time and expensive. It’s all a pain to deal with. 

[Cheeseweasel 26,438]

On 2/27/2022 at 8:30 AM, StassneyHorn said:

This thread has made it very clear some of you don’t know how to shop

I get all my shit on Skymall.

[52-80 19,150]

Potus Sotu says the plan to fight inflation is to onshore production. Because it will make things cheaper. 
 

Things that make you say hmmmmmmmmmm

[Wulaw Horn 19,069]

$15 minimum wage nationwide will help fight inflation right? 

[52-80 19,150]

4 hours ago, Wulaw Horn said:

$15 minimum wage nationwide will help fight inflation right? 

instructing manufacturers to lower their cost, but raise their wages, is a new one.

[Cheeseweasel 26,438]

3 hours ago, 52-80 said:

instructing manufacturers to lower their cost, but raise their wages, is a new one.

I'm kicking myself for not thinking of this. Our costs have being going thru the roof on everything from product to packaging. All I had to do was lower them! WHY DIDN'T I THINK OF THIS!!!

[52-80 19,150]

Atleast Powell is signaling the right thing (raising raises) in more certain terms than before, although as the fed always does, still keeps overall sentiment wooly and gives them a doorout

 

 

[Guest]

2 hours ago, 52-80 said:

Atleast Powell is signaling the right thing (raising raises) in more certain terms than before, although as the fed always does, still keeps overall sentiment wooly and gives them a doorout

 

 

I don’t know how Powell sits through this grandstanding idiocy. Our Congress are morons. 

[Cheeseweasel 26,438]

26 minutes ago, Porterhouse said:

I don’t know how Powell sits through this grandstanding idiocy. Our Congress are morons. 

Highly paid morons.

[Guest]

10 minutes ago, Cheeseweasel said:

Highly paid morons.

I’m embarrassed for the guys that look like me and represent my party. They have a tendency to lecture and they have no idea what they’re talking about. I’m embarrassed for people from the other side of the aisle because they’re stupid too. Like Idiocracy stupid. 

[52-80 19,150]

39 minutes ago, Porterhouse said:

I don’t know how Powell sits through this grandstanding idiocy. Our Congress are morons. 

"by the people, for the people" /ducks

[Guest]

16 minutes ago, 52-80 said:

"by the people, for the people" /ducks

It’s funny watching these guys pontificate, then squirm when he responds and makes them look foolish. It takes a special kind of person to sit through that bullshit. 

[Incredulity 11,667]

14 minutes ago, Porterhouse said:

It’s funny watching these guys pontificate, then squirm when he responds and makes them look foolish. It takes a special kind of person to sit through that bullshit. 

NO CR

 

 

Kinda CR, but a prime example of the above.