b_m_b_m_b_m Posted May 12, 2021 Share Posted May 12, 2021 as a debtor with fixed interest rates on debt, inflation is good so gimmie some more 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted May 12, 2021 Share Posted May 12, 2021 Investors are worried about inflation data, but economists see it as a sign of temporary growth WWW.CNBC.COM The recent pickup in inflation may, in fact, be a temporary — and welcome — change for those who fear a slowdown in U.S. GDP. Quote Link to comment Share on other sites More sharing options...
osxmatt Posted May 12, 2021 Share Posted May 12, 2021 This article is from April .... of 2020. https://www.washingtonpost.com/business/2020/05/12/april-saw-sharpest-increase-grocery-store-prices-nearly-50-years/ Quote Link to comment Share on other sites More sharing options...
Jason Posted May 12, 2021 Share Posted May 12, 2021 1 minute ago, osxmatt said: This article is from April .... of 2020. https://www.washingtonpost.com/business/2020/05/12/april-saw-sharpest-increase-grocery-store-prices-nearly-50-years/ I don't pay a ton of attention to prices while grocery shopping but I have a general sense if what things cost and it definitely feels like a lot has gone up. Also been consistently not seeing certain things, like the packages if chicken thighs I was typically buying, they seemed to disappear a couple of months ago. Quote Link to comment Share on other sites More sharing options...
Guest Posted May 12, 2021 Share Posted May 12, 2021 It is troubling that some very basic needs are going up right now given the recent jobs numbers, but it’s still a manageable rate Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted May 12, 2021 Author Share Posted May 12, 2021 12 minutes ago, Jason said: I don't pay a ton of attention to prices while grocery shopping but I have a general sense if what things cost and it definitely feels like a lot has gone up. Also been consistently not seeing certain things, like the packages if chicken thighs I was typically buying, they seemed to disappear a couple of months ago. So I went looking to see what food prices have gone up, and found this for chicken: Chicken Shortage Sends Prices Soaring, and Restaurants Can’t Keep Up WWW.WSJ.COM Spicy chicken sandwiches, hot wings and a labor crunch push poultry prices to records. Some restaurants are running out of or limiting sales of tenders, filets and wings, cutting into... basically, there is a worker shortage in poultry processing plants so supply can't keep up. If you happen to recall, poultry processing plants are some of the places with some of the absolute worst concentrated covid outbreaks. So it shouldn't come as any surprise that I'm sure many people who used to work in these jobs have gone elsewhere. UI and stimulus have little to do with the fact that these jobs sucked before covid and covid only made them worse. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted May 12, 2021 Author Share Posted May 12, 2021 Beef too! /uploads/files/slir/headline/imagelib/ CME update: live cattle futures extend their rally as beef prices climb - The Cattle Site WWW.THECATTLESITE.COM US live cattle futures rose on 11 May for a fifth straight session, following high-flying wholesale beef prices. Quote Yet cash cattle markets have languished in recent weeks due to capacity issues at slaughterhouses that some have tied to tight labor supplies and social distancing policies. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted May 12, 2021 Share Posted May 12, 2021 So...how fucked are we? How long will these price hikes last? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted May 12, 2021 Share Posted May 12, 2021 11 minutes ago, marioandsonic said: So...how fucked are we? How long will these price hikes last? Until market equilibrium is attained. Quote Link to comment Share on other sites More sharing options...
Joe Posted May 12, 2021 Share Posted May 12, 2021 I honestly haven’t seen increased prices in my area. Quote Link to comment Share on other sites More sharing options...
elbobo Posted May 12, 2021 Share Posted May 12, 2021 4 hours ago, b_m_b_m_b_m said: as a debtor with fixed interest rates on debt, inflation is good so gimmie some more So if ignore the substantial inflation on two of the things that everyone needs things aren't that bad, gee thanks economists. I know my grocery bills are up no exaggeration 50%+ from two years ago. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted May 12, 2021 Author Share Posted May 12, 2021 37 minutes ago, elbobo said: So if ignore the substantial inflation on two of the things that everyone needs things aren't that bad, gee thanks economists. I know my grocery bills are up no exaggeration 50%+ from two years ago. I mean, these prices are in the core index, but sometimes you want to take the volatility of these items (as a hypothetical example, a fuel pipeline put temporarily out of commission due to a ransomware attack) out of the equation in order to better see trends in prices. In this case there are a great deal many reactionaries who see hyperinflation around every corner largely due to the massive expansion in spending that just occurred so it's worth looking at price levels outside of these very volatile sectors 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted May 12, 2021 Share Posted May 12, 2021 2 hours ago, b_m_b_m_b_m said: So I went looking to see what food prices have gone up, and found this for chicken: Chicken Shortage Sends Prices Soaring, and Restaurants Can’t Keep Up WWW.WSJ.COM Spicy chicken sandwiches, hot wings and a labor crunch push poultry prices to records. Some restaurants are running out of or limiting sales of tenders, filets and wings, cutting into... basically, there is a worker shortage in poultry processing plants so supply can't keep up. If you happen to recall, poultry processing plants are some of the places with some of the absolute worst concentrated covid outbreaks. So it shouldn't come as any surprise that I'm sure many people who used to work in these jobs have gone elsewhere. UI and stimulus have little to do with the fact that these jobs sucked before covid and covid only made them worse. Yes I'm not confused about why it's happening, just adding in what I've noticed. Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted May 12, 2021 Share Posted May 12, 2021 Thoughts? Quote Link to comment Share on other sites More sharing options...
Anathema- Posted May 12, 2021 Share Posted May 12, 2021 Prices for all kinds of food are insane right now. Probably not related to four years of xenophobic racism against transient immigrants though. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted May 12, 2021 Share Posted May 12, 2021 30 minutes ago, Uaarkson said: Thoughts? Absolute bollocks. We aren't anywhere CLOSE to a hyperinflationary scenario and we actually have mechanisms in place through the Federal Reserve that can squelch it before it becomes a stark reality. At the slightest hint that inflation may be getting "out of control", the Fed will jack up the prime rate with a speed that will defy the laws of nature. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted May 13, 2021 Share Posted May 13, 2021 WHY WON'T THIS MAN JUST KEEL OVER AND DIE ALREADY?!? Larry Summers sends inflation warning to White House: Dominant risk to economy is 'overheating' WWW.CNN.COM A leading Democratic economist on Wednesday urged the White House to shift course after the government reported higher-than-expected inflation last month, which has heightened fears of fresh trouble for the recovering US economy. 1 Quote Link to comment Share on other sites More sharing options...
cusideabelincoln Posted May 13, 2021 Share Posted May 13, 2021 18 hours ago, Joe said: I honestly haven’t seen increased prices in my area. Retail prices haven't gone up in mine, but there are no discount sales on meat products anymore. Quote Link to comment Share on other sites More sharing options...
CayceG Posted May 13, 2021 Share Posted May 13, 2021 Everyone is bad at predicting inflation. 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted May 13, 2021 Author Share Posted May 13, 2021 Since lumber has undergone some price inflation, there are truthers on this subject, because of course Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted May 13, 2021 Share Posted May 13, 2021 Just now, b_m_b_m_b_m said: Since lumber has undergone some price inflation, there are truthers on this subject, because of course Karen be all like, "I'd like to speak to your Ent". Quote Link to comment Share on other sites More sharing options...
SimpleG Posted May 13, 2021 Share Posted May 13, 2021 Big Wood strikes again! Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted May 13, 2021 Author Share Posted May 13, 2021 9 minutes ago, SimpleG said: Big Wood strikes again! Quote Link to comment Share on other sites More sharing options...
Jason Posted May 13, 2021 Share Posted May 13, 2021 31 minutes ago, b_m_b_m_b_m said: Since lumber has undergone some price inflation, there are truthers on this subject, because of course This is 100% the same as NIMBY vacancy truthers pointing to the one single construction site in town to prove that plenty of housing is being built. Quote Link to comment Share on other sites More sharing options...
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