2021 - Is inflation finally back in the conversation?

[Cheeseweasel 26443]

[Hefeweizen 5448]

Did I stutter?

[Incredulity 11880]

[Mullet Free 39]

2 hours ago, Nice Guy Eddie said:

Very different world where the conservative govt brags about taxing energy companies even more.

 

Scapegoating. Someone has to be blamed. Couldn’t be the money printing or deficit spending or other certain political agendas. You see it here a lot. It’s the evil corporations. What’s even better?

 

The evil fossil fuel corporations!

 

2 hours ago, Nice Guy Eddie said:

 

also isn’t giving people money create more inflation not less?

Only if you believe too much money chasing too few goods contributes to inflation. 

[Nice Guy Eddie 13741]

1 hour ago, Parliament said:

You cracked the code!

My subpar, public Texas high school education isn't going to waste. Just don't ask me to diagram a sentence or use correct grammar. Never understood that.

 

[Parliament 14616]

Raising taxes during inflation makes sense.  Going after certain industries is problematic.  But then writing checks right back to the spenders is a mistake.

[Mullet Free 39]

I think some people online are overplaying this, but it still seems significant. 
 

China and France complete Yuan based LNG payment. 
 

https://www.nasdaq.com/articles/china-completes-first-yuan-settled-lng-trade

 

[Incredulity 11880]

cue washparkhorn with "Petrodollar" speech from Network

[Fudge Nuggets 19472]

Must have been one hell of a "Christmas baking season"...

https://www.cnn.com/2023/03/29/business/egg-profits-cal-maine/index.html

But no, there is no price gouging going on.  None whatsoever.

[Cheeseweasel 26443]

12 minutes ago, Fudge Nuggets said:

But no, there is no price gouging going on.

Getting market price for your goods is not price gouging. You think that Iphone you own is sold at "cost plus 20%"?

[Fudge Nuggets 19472]

11 minutes ago, Cheeseweasel said:

Getting market price for your goods is not price gouging. You think that Iphone you own is sold at "cost plus 20%"?

Do you think that iPhone you own is a commodity product?

[Cheeseweasel 26443]

So the Government should control the selling price of commodities? 

[Incredulity 11880]

2 minutes ago, Cheeseweasel said:

So the Government should control the selling price of commodities? 

https://calmatters.org/politics/2023/03/california-gas-prices-newsom-oil/

 

California:  FUCK YEAH!

[HamsterHookah 112]

34 minutes ago, Fudge Nuggets said:

Must have been one hell of a "Christmas baking season"...

https://www.cnn.com/2023/03/29/business/egg-profits-cal-maine/index.html

But no, there is no price gouging going on.  None whatsoever.

The egg shortage that’s had consumers paying 70% more YoY wasn’t bad for everyone — last quarter’s profits were up 718% YoY for Cal-Maine Foods, America’s largest egg producer.

[Cheeseweasel 26443]

[Fudge Nuggets 19472]

13 minutes ago, Cheeseweasel said:

So the Government should control the selling price of commodities? 

Well, at least make the dumbasses aware that the "all-time record" inflation they are experiencing isn't the fault of the meanies in the government / federal reserve.

[Cheeseweasel 26443]

Please post more ignorant takes that show you have no clue how pricing works so we can mock you further.

[Fudge Nuggets 19472]

11 minutes ago, Cheeseweasel said:

Please post more ignorant takes that show you have no clue how pricing works so we can mock you further.

So you believe 718% YoY profit increases are normal?

Dumbass.

[Cheeseweasel 26443]

Normal? No. But you should ask how we got here. But that would cause for self reflection of policies which, apparently, you aren't capable of.

[Captainant 28592]

1 hour ago, Cheeseweasel said:

So the Government should control the selling price of commodities? 

https://www.nal.usda.gov/economics-business-and-trade/agricultural-subsidies

https://www.usda.gov/topics/trade/price-support

... yes? Or at least we have been since the dust bowl 90 years ago?

Edited March 30, 2023 by Captainant

[Cheeseweasel 26443]

How's that worked out for us?

[Horn Under a Bad Sign 20950]

5 hours ago, Cheeseweasel said:

Normal? No. But you should ask how we got here. But that would cause for self reflection of policies which, apparently, you aren't capable of.

I'm thinking we got there because, after an outbreak of avian flu that saw millions of egg-laying chickens euthanized,  this corporation saw an opportunity to raise its prices and did so.  Am I wrong?

[Incredulity 11880]

7 hours ago, Horn Under a Bad Sign said:

I'm thinking we got there because, after an outbreak of avian flu that saw millions of egg-laying chickens euthanized,  this corporation saw an opportunity to raise its prices and did so.  Am I wrong?

From what I understand eggs don’t have set prices.  They are traded every day.  The price is what the market will bear.  Normally the range is pretty tight, so you don’t see “market” for your omelet at Denny’s.

[Horn Under a Bad Sign 20950]

 

12 hours ago, Cheeseweasel said:

How's that worked out for us?

Great. Our supermarkets have been full for decades. Yeltsin was so blown away by a stop at a Randall's in Clear Lake that he immediately said "we have to start doing what the Americans are doing."

[Cheeseweasel 26443]

8 hours ago, Incredulity said:

The price is what the market will bear.

[Drunk Stoner 63]

On 3/30/2023 at 9:21 PM, Incredulity said:

From what I understand eggs don’t have set prices.  They are traded every day.  The price is what the market will bear.  Normally the range is pretty tight, so you don’t see “market” for your omelet at Denny’s.

[Captainant 28592]

On 3/30/2023 at 10:21 PM, Incredulity said:

From what I understand eggs don’t have set prices.  They are traded every day.  The price is what the market will bear.  Normally the range is pretty tight, so you don’t see “market” for your omelet at Denny’s.

It's fun to see this lie perpetuated. The government has offices dedicated to keeping grain prices artificially high so that we DONT get another dust bowl from over production to meet financial goals. The government fixes prices all the time. 

The price isn't what the market will bear, the price is what they can get away with. And it's just a matter if you think they should or shouldn't get away with price gouging. 

[Mullet Free 39]

9 hours ago, Drunk Stoner said:

Pos rep just for the user name. 

[Mullet Free 39]

OPEC+ cuts oil production. Should buoy prices. 

[Incredulity 11880]

3 hours ago, Captainant said:

It's fun to see this lie perpetuated. The government has offices dedicated to keeping grain prices artificially high so that we DONT get another dust bowl from over production to meet financial goals. The government fixes prices all the time. 

The price isn't what the market will bear, the price is what they can get away with. And it's just a matter if you think they should or shouldn't get away with price gouging. 

Eggs are traded freely.  Bid/ask is the very definition of capitalism.

Chef’s fucking kiss that a simp for socialism takes issue with the Agriculture Marketing Service of the USDA(the Federal fucking government).

[Bozo_Casanova 26902]

On 3/30/2023 at 10:21 PM, Incredulity said:

From what I understand eggs don’t have set prices.  They are traded every day.  The price is what the market will bear. 

Lol. I love this shit. Do sugar and corn next.

Edited April 2, 2023 by Bozo_Casanova

[Incredulity 11880]

Explain away mr expert.  

[Cheeseweasel 26443]

15 hours ago, Bozo_Casanova said:

Do sugar and corn next.

[Hefeweizen 5448]

All eggcitement aside, this OPEC play is pretty predictable.  They’re betting on the timing for China to start increasing demand to drive prices with a six or nine month cushion. Plus, the US SPR is not in a position to release and cushion prices.

 

 Looks like inflation is still on the menu boss.

[Mullet Free 39]

21 minutes ago, Hefeweizen said:

All eggcitement aside, this OPEC play is pretty predictable.  They’re betting on the timing for China to start increasing demand to drive prices with a six or nine month cushion. Plus, the US SPR is not in a position to release and cushion prices.

 

 Looks like inflation is still on the menu boss.

Yeah looks like we might’ve missed out on that chance to refill the SPR. 

[Trey3216 15452]

9 minutes ago, Mullet Free said:

Yeah looks like we might’ve missed out on that chance to refill the SPR. 

Can't be greasing the record profit skids of those dastardly oil companies.  

[Newdoc 3511]

2 hours ago, Trey3216 said:

Can't be greasing the record profit skids of those dastardly oil companies.  

Well we won’t be greasing anything when we are all living in a van down by the river.

[Shaggy3.0 1695]

Learn to code.

And buy a horse.

 

[Cheeseweasel 26443]

26 minutes ago, Shaggy3.0 said:

Learn to code.

And buy a horse.

 

Jokes on you, my horse can code.

[crash_davis 23470]

 

[Hefeweizen 5448]

32 minutes ago, Cheeseweasel said:

Jokes on you, my horse can code.

Cowboy hat from Gucci, Wrangler on my booty.

[Cheeseweasel 26443]

31 minutes ago, crash_davis said:

 

That's awesome. 

But it should be entitled "Things the Government pokes their hand in vs. things they don't"

[crash_davis 23470]

2 minutes ago, Cheeseweasel said:

That's awesome. 

But it should be entitled "Things the Government pokes their hand in vs. things they don't"

Or shit, just post the last 4 quarters earnings reports from the top companies in each category. That's prob more telling than anything else.

[Mullet Free 39]

28 minutes ago, Cheeseweasel said:

That's awesome. 

But it should be entitled "Things the Government pokes their hand in vs. things they don't"

It’s pretty incredible really. 

[Mullet Free 39]

Why are we so impatient? Maybe because all the money printing and inflation increases people’s time preference. 

[Neonmoon 38130]

25 minutes ago, Mullet Free said:

Why are we so impatient? Maybe because all the money printing and inflation increases people’s time preference. 

[Storm the Field 5367]

March jobs report comes in pretty close to expectations. Markets now expecting one final .25 hike in May.

236K (est. 230K)

U-3: 3.5% (est 3.6%)

Wage Growth: 0.3% MOM, 4.2% YOY (down from 4.6% last month).

[Storm the Field 5367]

Some other interesting nuggets from today's report:

Black UE: 5.0%, lowest ever reported.

Participation Rate up to 62.6%, highest in 3 years but still 1.0% below pre-COVID. Digging deep into the data, it boils down to Whites 55+ leaving the workforce.

Prime-Age (25-54) Participation up to 83.1%, highest since 2001.

It took just 3 years for Prime-Age to fully recover this time around. By comparison, after the GFC, it took nearly 13 years.

[Cheeseweasel 26443]

55 minutes ago, Storm the Field said:

one final

[Mullet Free 39]

3 hours ago, Storm the Field said:

Participation Rate up to 62.6%, highest in 3 years but still 1.0% below pre-COVID. Digging deep into the data, it boils down to Whites 55+ leaving the workforce.

Prime-Age (25-54) Participation up to 83.1%, highest since 2001.

How do disabilities play into that percentage? Are they pulled from the denominator? 3 million newly disabled in the last couple years.