2021 - Is inflation finally back in the conversation?

[Captainant 27250]

2 hours ago, Trey3216 said:

...and a few states wanting to do things like this with tax payer dollars!! What could go wrong?

 

 

 

Man, how many trump tweets did you have to scroll through to find that? The dudes whole profile is just pronghorn bait lol. He's not even citing his outrageous claim, which I know really triggers fatty

[Trey3216 15321]

2 minutes ago, Captainant said:

Man, how many trump tweets did you have to scroll through to find that? The dudes whole profile is just pronghorn bait lol. He's not even citing his outrageous claim, which I know really triggers fatty

I don't scroll trump tweets.  I don't scroll Kamala tweets.  

[Captainant 27250]

1 hour ago, Trey3216 said:

I don't scroll trump tweets.  I don't scroll Kamala tweets.  

I'm not sure how else you'd find that dude then. Almost all of his tweets are trump this or KAMALA BAD that. 

It's just funny how y'all keep posting nakedly political people as your sourcing and then get mad about politics 

[Trey3216 15321]

5 minutes ago, Captainant said:

I'm not sure how else you'd find that dude then. Almost all of his tweets are trump this or KAMALA BAD that. 

It's just funny how y'all keep posting nakedly political people as your sourcing and then get mad about politics 

It's funny when some of us talk about economics and then you get mad about politics.  

[jimmyjazz 45430]

54 minutes ago, Trey3216 said:

It's funny when some of us talk about economics and then you get mad about politics.  

Let's be honest, none of you actually talk about economics.

[pearlandhorn 3275]

1 hour ago, jimmyjazz said:

Let's be honest, none of you actually talk about economics.

Seems like the only people talking about politics in this thread are the cloak room regulars.

[Captainant 27250]

2 hours ago, Trey3216 said:

It's funny when some of us talk about economics and then you get mad about politics.  

It's moreso constantly being accused of only posting unsourced social media crap that's political, and wanting to point out when you're doing the same. 

And since when is making partisan complaints about pending legislation "talking about economics"? The dude you're sourcing is making up inflammatory things and framing it as "THEY want to give loans to ILLEGALS!!"

But hey, I get it. Y'all need your hugbox

[jimmyjazz 45430]

33 minutes ago, pearlandhorn said:

Seems like the only people talking about politics in this thread are the cloak room regulars.

Seems like you're kinda clueless.

[pearlandhorn 3275]

3 hours ago, jimmyjazz said:

Seems like you're kinda clueless.

Definitely. It’s not like I get paid to pay attention to rising costs on a daily basis. 
 

I just look around the grocery store and see a 30-50% increase in the cost of a week of groceries. The increase in the overall cost of living is staggering compared to 4 years ago. Rent/housing, utilities, gas, insurance (which is a fucking killer) are all drastically up. Americans have adopted the federal government’s solution to spending: just go into more debt. Credit card balances and overall consumer debt is at its highest rate in history. Devaluing of the US dollar by printing and spending trillions of dollars over the last 4 years is the culprit. It isn’t just the Dems either. Trump spent bookoos of money as well at the beginning of Covid. 

Whoever said that we should cut spending is 100% correct. The US needs to stop spending so much fucking money. Take a look at job growth by industry and notice that the second highest driver of new jobs is government. All of these new programs being pushed just push the US further into debt. We won’t be able to fund social security in 2030 because we’ve spent ourselves to death.

But yeah, I’m kinda clueless.

[StassneyHorn 6515]

Credit card debt numbers are chicken little bullshit and half the people pay it off responsibly every month, while the other half do exactly what they want to do. Make their large purchase a payment plan on your own terms.

lol gas prices

lol at the US dollar

Edited August 24 by StassneyHorn

[jimmyjazz 45430]

30 minutes ago, pearlandhorn said:

But yeah, I’m kinda clueless.

Well, yeah, you are, because that essay you just typed had jack shit to do with why I called you clueless.

[pearlandhorn 3275]

Enlighten me then. What exactly am I clueless on?

[jimmyjazz 45430]

12 hours ago, pearlandhorn said:

Enlighten me then. What exactly am I clueless on?

The quote I responded to:

Quote

Seems like the only people talking about politics in this thread are the cloak room regulars.

 

[pearlandhorn 3275]

6 minutes ago, jimmyjazz said:

The quote I responded to:

 

My response to your quote then:

[Enchubben 5502]

13 hours ago, StassneyHorn said:

Credit card debt numbers are chicken little bullshit and half the people pay it off responsibly every month, while the other half do exactly what they want to do. Make their large purchase a payment plan on your own terms.

lol gas prices

lol at the US dollar

I was going to call bullshit on this but turns out that’s pretty close. I’m a bit surprised by that honestly.

here is a chart of balances over the last 25 years.

 

[pearlandhorn 3275]

21 minutes ago, Enchubben said:

I was going to call bullshit on this but turns out that’s pretty close. I’m a bit surprised by that honestly.

here is a chart of balances over the last 25 years.

 

Enlightening honestly. However, I wonder what credit card balances not being paid off are, or even debt per capita are over the last 5 years.

[Storm the Field 5268]

2 minutes ago, pearlandhorn said:

Enlightening honestly. However, I wonder what credit card balances not being paid off are, or even debt per capita are over the last 5 years.

The Fed tracks all this stuff.

https://fred.stlouisfed.org/series/DRCCLACBS

Credit Card delinquencies are somewhat elevated compared to the last decade.

Delinquencies on car loans and mortgages are average to below average.

[StassneyHorn 6515]

Lending Tree has a credit card debt statistics page that is easy to read. 47% of credit card users don’t carry a balance. Delinquency is on the rise 11 out of 12 quarters but it’s increasing from all time lows.

https://www.lendingtree.com/credit-cards/study/credit-card-debt-statistics/#:~:text=That's the 11th straight quarter,Best Balance Transfer Credit Cards

Edited August 24 by StassneyHorn

[NotActuallyALonghorn 4965]

On 8/22/2024 at 11:52 PM, PenelopeWitherspoon said:

How about we strip the estate tax examption back to 1M and tax all estates over 1M at 50% like we used to fucking do.

Oh, good. A plan to transfer nearly our entire agriculture sector unto the hands of big business. 

[Captainant 27250]

10 minutes ago, NotActuallyALonghorn said:

Oh, good. A plan to transfer nearly our entire agriculture sector unto the hands of big business. 

If we actually enforced our antitrust laws that would be less of a concern

[NotActuallyALonghorn 4965]

So food costs would have to skyrocket? Agriculture is already a low enough margin business that you either have to inherit land or be a big business to be able to make a profit. If you take away both the former and the later you will destroy our ability to feed ourselves even quicker. 

[Captainant 27250]

12 minutes ago, NotActuallyALonghorn said:

So food costs would have to skyrocket? Agriculture is already a low enough margin business that you either have to inherit land or be a big business to be able to make a profit. If you take away both the former and the later you will destroy our ability to feed ourselves even quicker. 

Lol so your argument is that we MUST have monopolies and oligopolies, or else we won't be able to afford food? Good lord. 

[NotActuallyALonghorn 4965]

You're reading comprehension is pretty much non-existant. All I said is an estate tax of 50% above $1 million would either destroy agriculture or put it into the hands of big business. I'm honestly confused how someone with more than half a functioning brain cell could interpret that to mean that monopolies are good. This is probably dumber than the thread where several people showed a fundamental lack of understanding of Archimede's principle.

Edited August 25 by NotActuallyALonghorn

[Captainant 27250]

5 minutes ago, NotActuallyALonghorn said:

You're reading comprehension is pretty much non-existant. All I said is an estate tax of 50% above $1 million would either destroy agriculture or put it into the hands of big business. I'm honestly confused how someone with more than half a functioning brain cell could interpret that to mean that monopolies are good. This is probably dumber than the thread where several people showed a fundamental lack of understanding of Archimede's principle.

You're arguing that the only way to be a successful farmer is to inherit the land and keep it within the hands of a wealthy select few landowners, OR be a megacorp that is able to operate as a monopoly. That doesn't make a good argument to oppose estate taxes, but it does highlight the dysfunction of the corporate oligarchy we live under

[52-80 19047]

On 8/24/2024 at 7:16 PM, Storm the Field said:

The Fed tracks all this stuff.

https://fred.stlouisfed.org/series/DRCCLACBS

Credit Card delinquencies are somewhat elevated compared to the last decade.

Delinquencies on car loans and mortgages are average to below average.

The best source for credit card data is from the consumer finance protection bureau. 
 

https://files.consumerfinance.gov/f/documents/cfpb_consumer-credit-card-market-report_2023.pdf
 

My favorite takeaway from this is what the industry call “prime” borrower is actually prime to the lenders: they generate tons of interest fees.  Their scores are 660-720. Theres a category above them called “prime plus”; and its not until you get to the “superprime” (800+) who use the card for transacting purposes aka float.

They make up 1/3rd of cardholders, not 1/2. 
 

 

[52-80 19047]

6 hours ago, NotActuallyALonghorn said:

I'm honestly confused how someone with more than half a functioning brain cell could interpret that to mean that monopolies are good.

The answer you seek is embedded in your sentence. 

[Incredulity 11446]

7 hours ago, NotActuallyALonghorn said:

I'm honestly confused how someone with more than half a functioning brain cell could interpret that to mean that monopolies are good

Narrator: He doesn’t have half a functioning brain cell.  Only communism, and a deep seated hatred of success.

[David Dennison 18487]

On 8/23/2024 at 2:42 PM, Trey3216 said:

It's funny when some of us talk about economics and then you get mad about politics.  

Economics and politics are inextricable.

[Trey3216 15321]

21 minutes ago, David Dennison said:

Economics and politics are inextricable.

Not true.  There is the mathematics of it, and the bullshit that one tries to feed from another, and the bullshit that idiots will consume.    

[CHIEF 5052]

7 hours ago, Captainant said:

You're arguing that the only way to be a successful farmer is to inherit the land and keep it within the hands of a wealthy select few landowners, OR be a megacorp that is able to operate as a monopoly. That doesn't make a good argument to oppose estate taxes, but it does highlight the dysfunction of the corporate oligarchy we live under

That is 100% true. I worked in the Midwest one summer leasing up farmsteads for O&G. The only people able to afford to buy farmland were wealthy people that made their money in something besides farming, and bought a farm for a "hobby." When you would run title, the farms had been in the same family since the Civil War, one had the Deed issued from the sovereign State of Illinois in 1851.

The farmers weren't poor by any means, but don't have the capital sitting around to pay $3.6 million in taxes for their half section that has been in their family for over 150 years. 

I've been looking for farmland to buy for the last 15 years, after putting numbers to it, there isn't anything that will even pay for itself fast enough, much less provide a living. 

CHIEF

[David Dennison 18487]

30 minutes ago, Trey3216 said:

Not true.  There is the mathematics of it, and the bullshit that one tries to feed from another, and the bullshit that idiots will consume.    

In the real world, it's true.

[52-80 19047]

36 minutes ago, CHIEF said:

I've been looking for farmland to buy for the last 15 years, after putting numbers to it, there isn't anything that will even pay for itself fast enough, much less provide a living. 

CHIEF

And its the industrialization from corporate-farming and its large-scale effects that has improved agricultural yield all over the world, outpacing population growth. Wealthier countries like the US are synonymous with larger farms, which are more productive (per capita), providing its people with lowest cost of food. 

[Horn Under a Bad Sign 20338]

You don't fucking say ...

[Horn Under a Bad Sign 20338]

On 8/24/2024 at 11:43 AM, Enchubben said:

I was going to call bullshit on this but turns out that’s pretty close. I’m a bit surprised by that honestly.

here is a chart of balances over the last 25 years.

 

Do these figures factor in 1) inflation 2) the fact that there are 60 million more people in the U.S. in 2024 than there were in 2000? 

What I'd like to see is the amount of debt per capita, adjusted for inflation

Edited August 29 by Horn Under a Bad Sign

[Captainant 27250]

3 hours ago, Horn Under a Bad Sign said:

You don't fucking say ...

Some extra detail: this was admitted by their senior director of pricing in court under oath yesterday during their Albertsons merger trial

https://www.rawstory.com/during-antitrust-trial-exec-admits-kroger-jacked-up-milk-and-egg-prices-above-inflation/

Everyone with a brain: no shit!

[Storm the Field 5268]

Steady as she goes.

 

[Incredulity 11446]

9 hours ago, Horn Under a Bad Sign said:

You don't fucking say ...

My post from the DT Thread:

https://www.linkedin.com/in/powersdrew

https://powersfg.com/meet-us

 

I don't always take my price gouging analysis from boutique financial advisors, but when I do I like it from some obscure single man firm in Naperville, IL.

 

 

That article is complete dogshit with no real facts other than a salacious quote from the above business expert.  Eminently qualified to speak about retail pricing strategies and "gouging".  No link to the referenced Kroger internal email or any other "evidence".  

[TwiceHorn 31087]

5 minutes ago, Incredulity said:

My post from the DT Thread:

https://www.linkedin.com/in/powersdrew

https://powersfg.com/meet-us

 

I don't always take my price gouging analysis from boutique financial advisors, but when I do I like it from some obscure single man firm in Naperville, IL.

 

 

That article is complete dogshit with no real facts other than a salacious quote from the above business expert.  Eminently qualified to speak about retail pricing strategies and "gouging".  No link to the referenced Kroger internal email or any other "evidence".  

While you could be correct that it is overblown or out of context, numerous articles state that Andy Groff, Kroger's pricing head, confronted with emails, admitted that they raised prices beyond that necessary to pass through cost inflation.

[Incredulity 11446]

15 minutes ago, TwiceHorn said:

numerous articles state that Andy Groff, Kroger's pricing head, confronted with emails, admitted that they raised prices beyond that necessary to pass through cost inflation.

Numerous articles.... numerous... well that changes everything.  The case cracker..NUMEROUS articles.  

 

Numerous reprints/repackages of the same material?  or numerous hard hitting in depth reports relying on the decades long expertise of....Drew Powers...financial advisor to..wait for it... medical professionals?

[Horn Under a Bad Sign 20338]

56 minutes ago, Incredulity said:

My post from the DT Thread:

https://www.linkedin.com/in/powersdrew

https://powersfg.com/meet-us

 

I don't always take my price gouging analysis from boutique financial advisors, but when I do I like it from some obscure single man firm in Naperville, IL.

 

 

That article is complete dogshit with no real facts other than a salacious quote from the above business expert.  Eminently qualified to speak about retail pricing strategies and "gouging".  No link to the referenced Kroger internal email or any other "evidence".  

What are you talking about, and what's with the ad hominem attack?  What about this sentence do you find confusing with regards to retail pricing strategies?

"Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company's top pricing executive testified."
 

This Bloomberg article was written by Leah Nylen, who has written hundreds of articles for Bloomberg, including about 50 just since the first of June. 

https://www.bloomberg.com/authors/AVvaSJbjmc4/leah-nylen

https://www.bloomberg.com/news/articles/2024-08-27/kroger-hiked-milk-egg-prices-above-inflation-merger-judge-told?embedded-checkout=true







 

Edited August 29 by Horn Under a Bad Sign

[Incredulity 11446]

1 minute ago, Horn Under a Bad Sign said:

What are you talking about? This Bloomberg article was written by Leah Nylen, who has written hundreds of articles for Bloomberg, including about 50 just since the first of June. 

https://www.bloomberg.com/authors/AVvaSJbjmc4/leah-nylen

https://www.bloomberg.com/news/articles/2024-08-27/kroger-hiked-milk-egg-prices-above-inflation-merger-judge-told?embedded-checkout=true





 

Which article did you post that I quoted?  Not a Bloomberg article.  The Newsweek article that you posted.

 

Feel free to copypasta the Bloomberg article as its paywalled.

[Enchubben 5502]

2 hours ago, TwiceHorn said:

While you could be correct that it is overblown or out of context, numerous articles state that Andy Groff, Kroger's pricing head, confronted with emails, admitted that they raised prices beyond that necessary to pass through cost inflation.

Yea I don't think this article should be judged for lack of evidence; I just don't think it proves what people think is occurring.  Inflation rises, so Kroger increased their price of eggs. Then inflation starts to slow down, and Kroger decide not to decrease their prices. I don't equate that to price gouging, that's just a decision to not lower prices.  Perhaps their other products began to not sell as well so they kept prices where they were at to cover for the other items where they can't justify increasing prices to what they need. Or perhaps they had lagging increased costs that kept them from lowering the prices. 

It would be different if you could show me their margins were just way out of whack with industry standards and they were making money hand over fist, but I don't think that's the case.  I don't think that has been shown, which is why we're making a big deal about Kroger not deciding to decrease the price of their eggs $0.14 like Walmart. 

Are we as a people saying we can longer allow businesses to increase pricing greater than some CPI number? Or that everyone needs to price equal items equally? Because that's what it sounds like if you can't show they are actually doing the gouging part. 

[StassneyHorn 6515]

How dare some of you question these fine American companies. They would never willingly charge more than they need. They just had to in this instance cause the data showed they were allowed to raise prices.Did you miss where they explained how we’re all in this together, and then they apologized? When the data began going down, that’s when they, as Patriots, are allowed to play fuck-fuck games.

[pearlandhorn 3275]

2 hours ago, Enchubben said:

Yea I don't think this article should be judged for lack of evidence; I just don't think it proves what people think is occurring.  Inflation rises, so Kroger increased their price of eggs. Then inflation starts to slow down, and Kroger decide not to decrease their prices. I don't equate that to price gouging, that's just a decision to not lower prices.  Perhaps their other products began to not sell as well so they kept prices where they were at to cover for the other items where they can't justify increasing prices to what they need. Or perhaps they had lagging increased costs that kept them from lowering the prices. 

It would be different if you could show me their margins were just way out of whack with industry standards and they were making money hand over fist, but I don't think that's the case.  I don't think that has been shown, which is why we're making a big deal about Kroger not deciding to decrease the price of their eggs $0.14 like Walmart. 

Are we as a people saying we can longer allow businesses to increase pricing greater than some CPI number? Or that everyone needs to price equal items equally? Because that's what it sounds like if you can't show they are actually doing the gouging part. 

To put it in similar context, price of oil goes up, gas station immediately raises price of gas.  Oil prices come down, gas station doesn't immediately lower price of gas.  Is that price gouging?

[pearlandhorn 3275]

1 hour ago, StassneyHorn said:

How dare some of you question these fine American companies. They would never willingly charge more than they need. They just had to in this instance cause the data showed they were allowed to raise prices.Did you miss where they explained how we’re all in this together, and then they apologized? When the data began going down, that’s when they, as Patriots, are allowed to play fuck-fuck games.

When you run a company in an industry that has in total 2% profit margins, I'd be pretty hesitant to lower prices of anything.  But hey, what do I know about business?

[StassneyHorn 6515]

You’ve already posted hystericals, on this very page. Nobody knows or cares who you are.

[Incredulity 11446]

1 hour ago, StassneyHorn said:

They would never willingly charge more than they need

Needs got nothing to do with it.  They charge what they can get. Thats capitalism.  Kroger is under no obligation to match anyones price for eggs, milk or anything.  You and the rest of the leftists want the government to play fuck fuck games.  It’s all been done before and doesn’t work.

[StassneyHorn 6515]

My entire post was sarcasm you stupid fuck. Why waste time in an inflation thread if your entire response is just going to be a self defense of every company and the advice to be go somewhere else.

And I haven’t made one post about controlling the price of groceries, comrade cumdump

Edited August 29 by StassneyHorn

[statsman 5371]

46 minutes ago, pearlandhorn said:

When you run a company in an industry that has in total 2% profit margins, I'd be pretty hesitant to lower prices of anything.  But hey, what do I know about business?

Yes, grocery stores run 2% return on sales. They make it work by leveraging debt to have a higher ROE, and being aggressively efficient on turning over inventory. 
 
Luckily, the administration is onto Big Grocery’s game of getting rich by colluding across the industry to raise the price of lettuce by 1$ per head. Those bastards!

[pearlandhorn 3275]

2 hours ago, StassneyHorn said:

How dare some of you question these fine American companies. They would never willingly charge more than they need. They just had to in this instance cause the data showed they were allowed to raise prices.Did you miss where they explained how we’re all in this together, and then they apologized? When the data began going down, that’s when they, as Patriots, are allowed to play fuck-fuck games.

 

51 minutes ago, StassneyHorn said:

You’ve already posted hystericals, on this very page. Nobody knows or cares who you are.

lol