2021 - Is inflation finally back in the conversation?

[workswithseed 2103]

16 minutes ago, StassneyHorn said:

You were told to fuck off cause you went the route of immediate gratification and asked strangers for money rather than making a budget and sticking to payments. 

 

Which I did, but shit, now prices have drastically gone up and the best you got was that eyes are cool and they see things, or that this inflation is fake, and no one really cares. Well, I care. I'm directly affected by it, right now.

[StassneyHorn 6575]

Oh, you’re drunk. That’s money that could have gone to diesel.

[workswithseed 2103]

7 hours ago, StassneyHorn said:

Oh, you’re drunk. That’s money that could have gone to diesel.

Nope, I'm not. You're having a hard time seeing past your boat hair to notice things going around you.

[Cheeseweasel 26438]

12 hours ago, workswithseed said:

 

It's like most people on here are rich, and that the person who asked for two grand, was told to fuck off, complains about rising prices that affect me personally, and you basically make fun of me from there. Fuck off.

 

Learn to code!

[Incredulity 11669]

Leftist screeching, "bootstraps!!"

 

 

[workswithseed 2103]

6 minutes ago, Cheeseweasel said:

Learn to code!

Let them eat EV. It's all so mind numbing how dismissive people been. I get that people don't like me here, but I'm not the only one who is feeling this. Hell, people are at gas stations registering voters. 

[gsoda3 3257]

On 3/19/2022 at 3:57 PM, 52-80 said:

The committee expects inflation to drop by next year to 2.7%, but still higher than long-term target of 2%.

 

if the consequences didn't negatively affect so many people this series of inaction would be laughable.  at first they were confident their target rate of 2% was in-line, then they moved it up to 2.2, then 2.4, and now when real rates are several times that they're touting 2.7% in 2023 as an achievement.

[Immaculate Vibes 114]

3 hours ago, gsoda3 said:

 

if the consequences didn't negatively affect so many people this series of inaction would be laughable.  at first they were confident their target rate of 2% was in-line, then they moved it up to 2.2, then 2.4, and now when real rates are several times that they're touting 2.7% in 2023 as an achievement.

Even better, how about being behind the policy curve and letting inflation really ramp up just to decide to tighten when it’s less likely to help. I don’t see how raising rates helps tamp down the inflation that’s now kicking in due to a geopolitically induced global commodity shortage. This is going to reverberate for a while. Unfortunate for everyone but we primed the pump for a couple years. 

[52-80 19151]

10 year yields have gone bunkers, if anyone is trying to profit from this.  i got out too early, 18 basis points ago

[gsoda3 3257]

14 minutes ago, Immaculate Vibes said:

... letting inflation really ramp up just to decide to tighten when it’s less likely to help. ...

not to mention they were still making purchases in the private markets as part of the largest quantitative easing package in history as recently as two weeks ago.

[tbone_ 14118]

10 year yields have gone bunkers, if anyone is trying to profit from this.  i got out too early, 18 basis points ago

Did it invert yet?

[52-80 19151]

20 minutes ago, tbone_ said:

Did it invert yet?

the 5s10s are inverted.  i dont play flatteners or steepeners or any other sort of spreads though.  just pick a maturity and choose uppies or downies like a caveman.

2Y-2.216

5Y-2.399

10Y-2.388

30Y-2.616

 

Edited March 22, 2022 by 52-80

[Parliament 14258]

Need a new thread title, as inflation is definitely "back in the conversation."  

"Inflation still spiking like woah," "Things not going well for the CPI," or "Jerome Powell is terrible at this job."

[Incredulity 11669]

“Inflation 2022: Transitory my ass, prepare thy anus!”

[Incredulity 11669]

“Inflation 2022: JimmyJazz grocery bill hasn’t changed”

[babysdaddy 2721]

We went from transitory to expect inflation to persist for the next 3 years.  

[StassneyHorn 6575]

8 hours ago, workswithseed said:

Let them eat EV. It's all so mind numbing how dismissive people been. I get that people don't like me here, but I'm not the only one who is feeling this. Hell, people are at gas stations registering voters. 

You’re not a victim. 

[StassneyHorn 6575]

8 hours ago, Cheeseweasel said:

Learn to code!

Learn any skill that makes you desirable!

[workswithseed 2103]

5 minutes ago, StassneyHorn said:

You’re not a victim. 

I never said I was, I said I pulled myself up, then prices rose, even before the Ukraine debacle. Then Ukraine happened, and it got much worse, I commented about it, and you just said seeing is cool. You're being dismissive and up your own ass if you don't think people are mad about this.

[StassneyHorn 6575]

This thread turned into a “I spy“ game of maximum price increases. 

[Reagan1k 3024]

Sorry to interrupt the pissing contest.

Got a memo today from a large, global manufacturer- rescinds the previously announced 8% price increase that was to be effective 4/1.  

Breath of fresh air….. 

Oops-  kept reading and the increase is now pegged at 15%, effective  immediately, AND they are giving notice that they reserve the right to charge price in effect at time of shipment if conditions change and the 15% isn’t enough.

Fun stuff when you  can’t tell a customer what something will cost or when they can have it.

 

 

[StassneyHorn 6575]

Did you tell them fuck off 

[Incredulity 11669]

“Lower your cost” - Joe Biden

[gsoda3 3257]

32 minutes ago, StassneyHorn said:

Did you tell them fuck off 

at this point between transit logistics and supply crunch you're lucky if you can get partial delivery.  there's no leverage on the buy side.

[Reagan1k 3024]

8 hours ago, gsoda3 said:

at this point between transit logistics and supply crunch you're lucky if you can get partial delivery.  there's no leverage on the buy side.

Correct - they'll gladly take your cancelation change order and just sell it to whoever is next on the backorder list and willing to pay.  

 

[Cheeseweasel 26438]

9 hours ago, StassneyHorn said:

Did you tell them fuck off 

You obviously aren't in the supply chain. You're in line. If you step out, there are 100 others waiting to take your spot and gladly pay the new price. 

[Cheeseweasel 26438]

New stimulus? $100 monthly checks proposed to cover high gas prices

https://www.syracuse.com/us-news/2022/03/new-stimulus-100-monthly-checks-proposed-to-cover-high-gas-prices.html

 

[ChickenSandwich 9834]

[NotActuallyALonghorn 4976]

14 hours ago, babysdaddy said:

We went from transitory to expect inflation to persist for the next 3 years.  

As long as it goes away eventually it is still transitory. Or something like that.

[Cheeseweasel 26438]

Just now, NotActuallyALonghorn said:

As long as it goes away eventually it is still transitory. Or something like that.

"Everything is transitory if you wait long enough"

- Wayne Gretzky

 

[bschoolprof 6252]

The first few pages of his thread are gold.  

[Cheeseweasel 26438]

23 minutes ago, bschoolprof said:

The first few pages of his thread are gold.  

[UT_OB1 2220]

12 hours ago, Reagan1k said:

Sorry to interrupt the pissing contest.

Got a memo today from a large, global manufacturer- rescinds the previously announced 8% price increase that was to be effective 4/1.  

Breath of fresh air….. 

Oops-  kept reading and the increase is now pegged at 15%, effective  immediately, AND they are giving notice that they reserve the right to charge price in effect at time of shipment if conditions change and the 15% isn’t enough.

Fun stuff when you  can’t tell a customer what something will cost or when they can have it.

 

 

We’re getting another 10% on our big 3 raw materials in April. I had to pull the usage and cost data last week, and we are now at or over double on chemicals since January of 2021

[Trey3216 15346]

10 hours ago, Incredulity said:

“Lower your cost” - Joe Biden

but not the wages.  

[Incredulity 11669]

1 minute ago, Trey3216 said:

but not the wages.  

perhaps the stupidest thing ever said at a SOTU.  Which includes giving Rush Limbaugh the PMOF.

[Trey3216 15346]

4 minutes ago, Incredulity said:

perhaps the stupidest thing ever said at a SOTU.  Which includes giving Rush Limbaugh the PMOF.

Just absolutely mind-numbing.  "Lower the input costs, but not the wages"   

 

My mind turned into jello thinking of the level of mental gymnastics, or mental astrophysics, it took to write that level of stupid.   

[babysdaddy 2721]

58 minutes ago, bschoolprof said:

The first few pages of his thread are gold.  

I love the confidence of some of the posters.  "These are not the droids you're looking for".  

[52-80 19151]

13 hours ago, Reagan1k said:

Sorry to interrupt the pissing contest.

Got a memo today from a large, global manufacturer- rescinds the previously announced 8% price increase that was to be effective 4/1.  

Breath of fresh air….. 

Oops-  kept reading and the increase is now pegged at 15%, effective  immediately, AND they are giving notice that they reserve the right to charge price in effect at time of shipment if conditions change and the 15% isn’t enough.

Fun stuff when you  can’t tell a customer what something will cost or when they can have it.

 

 

Have you asked them to kindly stop gouging you like senator warren asked?

[workswithseed 2103]

1 hour ago, babysdaddy said:

I love the confidence of some of the posters.  "These are not the droids you're looking for".  

I still can't believe this post. It bottles the mind that something that directly hits my wallet is called "very cool." and this.

On 3/4/2022 at 2:27 PM, StassneyHorn said:

nothing, pointing out things we see with our eyes is neat.

 

[TxTower 651]

This thread turned into a “I spy“ game of maximum price increases. 

I spy an 8% CPI


Sent from my iPhone using Tapatalk

[ChiTownDoc 21152]

Meh.  Still not panicked.  I did the whole bootstraps thing pretty well.  If you want me to crater, send nooks…

[workswithseed 2103]

46 minutes ago, ChiTownDoc said:

Meh.  Still not panicked.  I did the whole bootstraps thing pretty well.  If you want me to crater, send nooks…

With or without crannies?

[jimmyjazz 45916]

19 hours ago, Incredulity said:

“Inflation 2022: JimmyJazz grocery bill hasn’t changed”

Still rent-free in your head.

Please point out the last time I made that claim.

[Incredulity 11669]

1 minute ago, jimmyjazz said:

Still rent-free in your head.

Please point out the last time I made that claim.

capitulation.

 

personified.

[jimmyjazz 45916]

1 minute ago, Incredulity said:

capitulation.

 

personified.

I know it's hard for you, given your extraordinarily stunted intellect, to imagine that another more observant person might see and acknowledge change.  Here, I'll make it easier for you:  inflation is definitely in the conversation, and my grocery bills have definitely gone up.  

You will notice I have never denied this once it started happening.

The truth -- it's hard for plebes like you.

[Incredulity 11669]

[Immaculate Vibes 114]

Some good stuff on the first few pages.
 

On 4/19/2021 at 10:37 PM, Neonmoon said:

Inflation hurts rich people, creditors, people with capital, lenders. 

It hurts their rate of return over time. 

 

😂 

Unfortunately, it hurts lower class people’s ability to feed themselves more. 
 

 

[Immaculate Vibes 114]

The year is 2025.
 

Jimmy Jazz still pays $4.95/lb for protein. Unfortunately instead of ground beef, it’s lentils. 

[ChiTownDoc 21152]

Btw the gloating about what was posted the first few pages is comical.  I was saying the fed should have raised rates a LONG time ago.  
It would be like jumping on an Urban thread today and talking about how moronic UT fans are for wanting him.  A LOT has changed gents...  

 

Anyways, T&P’s to all those eating a shit sandwich secondary to the very real inflation we are seeing.  

[Cheeseweasel 26438]

1 hour ago, jimmyjazz said:

Still rent-free in your head.

 

Rent free is no longer free. Tough times.