CitizenVectron Posted January 20, 2023 Share Posted January 20, 2023 Fortunately in taxpayer-funded education IT my job is a bit more secure...many people chided me for taking a $50k-$100k public job after I went back to school instead of a full-stack developer job, but I regret nothing after the last few years. 1 Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted January 20, 2023 Share Posted January 20, 2023 4 hours ago, CayceG said: That Avian Flu outbreak impacting egg prices? It's not impacting egg prices. All that shit is gouging by producers. 'Eggflation' gives producers record profits while internet mocks outrageous prices STRAIGHTARROWNEWS.COM For some, there's nothing left to do but crack up over the price of eggs (if you're not crying in the grocery aisle). Farm Action Calls For FTC To Investigate Record-High Egg Prices - The BayNet THEBAYNET.COM WASHINGTON — In response to record-high egg prices and just before testifying at an open meeting of the Federal Trade Commission (FTC), today Farm Action sent a letter urging the FTC “to promptly open […] While theres definitely some gouging here, this is actually the one product that i'm seeing obvious shortages of at stores. Quote Link to comment Share on other sites More sharing options...
Guest Posted January 21, 2023 Share Posted January 21, 2023 8 hours ago, CayceG said: That Avian Flu outbreak impacting egg prices? It's not impacting egg prices. All that shit is gouging by producers. 'Eggflation' gives producers record profits while internet mocks outrageous prices STRAIGHTARROWNEWS.COM For some, there's nothing left to do but crack up over the price of eggs (if you're not crying in the grocery aisle). Farm Action Calls For FTC To Investigate Record-High Egg Prices - The BayNet THEBAYNET.COM WASHINGTON — In response to record-high egg prices and just before testifying at an open meeting of the Federal Trade Commission (FTC), today Farm Action sent a letter urging the FTC “to promptly open […] Your article claims an 11% reduction if laying hens are a result of the avian flu. That is a significant reduction in supply, particularly for a good that doesn't have an easy substitute so no quick way to shift demand. Quote Link to comment Share on other sites More sharing options...
Jason Posted February 1, 2023 Share Posted February 1, 2023 it really is a jihad Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted February 1, 2023 Share Posted February 1, 2023 A 25 basis points increase kinda tells me that the anti-inflation jihad nears its conclusion. 2 Quote Link to comment Share on other sites More sharing options...
Guest Posted February 1, 2023 Share Posted February 1, 2023 3 minutes ago, Commissar SFLUFAN said: A 25 basis points increase kinda tells me that the anti-inflation jihad nears its conclusion. Correct. They are easing off the gas. I think we will be pretty stable until Q2 2024, then see the cuts begin. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted February 1, 2023 Share Posted February 1, 2023 7 minutes ago, sblfilms said: Correct. They are easing off the gas. I think we will be pretty stable until Q2 2024, then see the cuts begin. As long as it's down a lot before Q1 2026, when I need to renew my currently-fixed-rate of 1.29%! Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted February 1, 2023 Share Posted February 1, 2023 So my high yield increases again good Quote Link to comment Share on other sites More sharing options...
Jason Posted March 7, 2023 Share Posted March 7, 2023 1 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 7, 2023 Share Posted March 7, 2023 For the overall context of Powell's statement, he testified today that interest rates are "likely" to remain higher for longer than previously anticipated: Fed Chair Powell says interest rates are 'likely to be higher' than previously anticipated WWW.CNBC.COM Citing earlier data showing that inflation has reversed the deceleration in late 2022, Powell warned of tighter monetary policy ahead. Quote Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected. Citing data earlier this year showing that inflation has reversed the deceleration it showed in late 2022, the central bank leader warned of tighter monetary policy ahead to slow a growing economy. “The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated,” Powell said in remarks prepared for two appearances this week on Capitol Hill. “If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes.” Those remarks carry two implications: One, that the peak, or terminal, level of the federal funds rate is likely to be higher than the previous indication from the Fed officials, and, two, that the switch last month to a smaller quarter-percentage point increase could be short-lived if inflation data continue to run hot. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 7, 2023 Share Posted March 7, 2023 Yeah I'm gonna need those rates to come down to 1.19% by March 2026, dawg. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 7, 2023 Share Posted March 7, 2023 even if I wanted to, I'm never moving from my house if I can help it at all. locked in at 2.5% 1 1 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted March 13, 2023 Share Posted March 13, 2023 Anyone see the price of a box of cereal? It's running from around $6 up to $10 bucks. Who do these people think they are? Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 13, 2023 Share Posted March 13, 2023 How does ppl not having work help them? I don't get what they're trying to do. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted March 13, 2023 Share Posted March 13, 2023 11 minutes ago, SuperSpreader said: How does ppl not having work help them? I don't get what they're trying to do. People without jobs can't buy things, or buy much less of things, less demand for things makes things cheaper, more labor looking for work lowers wages which again makes things cheaper, lowering inflation, goal accomplished. This is obviously not good for everyone, but is exceptionally good for the typical people that always come out on top. 1 Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted March 13, 2023 Share Posted March 13, 2023 4 minutes ago, SuperSpreader said: How does ppl not having work help them? I don't get what they're trying to do. They want to get back to people taking shitty jobs with shitty pay and benefits. Capitalists don't want to have to compete with each other for labour. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 13, 2023 Share Posted March 13, 2023 1 hour ago, PaladinSolo said: People without jobs can't buy things, or buy much less of things, less demand for things makes things cheaper, more labor looking for work lowers wages which again makes things cheaper, lowering inflation, goal accomplished. This is obviously not good for everyone, but is exceptionally good for the typical people that always come out on top. Maybe if rich people got a haircut we'd archive similar results!! Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted March 13, 2023 Share Posted March 13, 2023 My smokie treats are approaching $10/pack Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted March 13, 2023 Share Posted March 13, 2023 29 minutes ago, Uaarkson said: My smokie treats are approaching $10/pack Dat vape life. Switched 100% to using a vaporizor for my weed and I never liked cigarettes enough to smoke but vaping is a good replacement. Not ideal probably but it's not terribad atleast. Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted March 14, 2023 Share Posted March 14, 2023 Inflation cools some more. Inflation fell for the eighth-straight month in February | CNN Business WWW.CNN.COM Inflation remains elevated but the temperature is coming down, according to the latest Consumer Price Index. Quote CPI measured 6% for the year ended in February, down from January’s 6.4% and in line with economists’ expectations. It’s the eighth consecutive month that the annual rate has declined, and marks the lowest level since September 2021. Quote Food prices continued to cool. Overall food prices were up 9.5% for the 12 months ending in February, representing the lowest annual rate for the category since April. Prices for food at home (grocery purchases) were up 10.2% in February, the lowest since March 2022. When stripping out volatile energy and food prices, core CPI grew 0.5% on a monthly basis and 5.5% year over year. Service inflation remains a bigger problem than products: Quote “Services inflation is still hot; the Fed still has work to do, and their actions and communications are going to come under increasing scrutiny given the events of the past few days,” said Andrew Patterson, senior international economist for Vanguard, citing recent stress in the banking sector. “They need to be careful in balancing the risks of price and financial stability.” CPI is one of the last major pieces of economic data to be released before the Fed’s policymaking meeting next week. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted March 22, 2023 Share Posted March 22, 2023 Another 25 bp hike today. Apparently more coming. Quote Link to comment Share on other sites More sharing options...
osxmatt Posted March 22, 2023 Share Posted March 22, 2023 2 hours ago, Jason said: Another 25 bp hike today. Apparently more coming. Consensus seems to be just one more rate hike this year. 1 Quote Link to comment Share on other sites More sharing options...
Ominous Posted March 24, 2023 Share Posted March 24, 2023 On 3/13/2023 at 11:52 AM, PaladinSolo said: People without jobs can't buy things, or buy much less of things, less demand for things makes things cheaper, more labor looking for work lowers wages which again makes things cheaper, lowering inflation, goal accomplished. This is obviously not good for everyone, but is exceptionally good for the typical people that always come out on top. This reminds me of people saying manufacturing needs to come back to America and it needs to pay well. Sounds great, but then everything costs more and nobody can afford American made stuff. The American dream can't happen for everyone because you need people to step on to make it to the top. 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 24, 2023 Share Posted March 24, 2023 11 hours ago, Ominous said: This reminds me of people saying manufacturing needs to come back to America and it needs to pay well. Sounds great, but then everything costs more and nobody can afford American made stuff. The American dream can't happen for everyone because you need people to step on to make it to the top. The dumbest part of this is we already manufacture so much shit here. But it’s very automated and doesn’t need as much labor. Quote Link to comment Share on other sites More sharing options...
osxmatt Posted March 29, 2023 Share Posted March 29, 2023 High egg prices send profits at largest US producer soaring more than 700% - CNN AMP.CNN.COM Cal-Maine Foods, the largest egg producer in the United States, reported revenue doubled and profit surged 718% last quarter because of sharply higher egg prices. 2 Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted March 31, 2023 Share Posted March 31, 2023 Eggs went down where I am. But trays are averaging 2.99 a dozen, which is still high but getting better. Milk also went down here. Half gallon of organic milk from Publix used to be 4.29 or 4.19, but it’s 3.99 now. Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted March 31, 2023 Share Posted March 31, 2023 9 minutes ago, SaysWho? said: Eggs went down where I am. But trays are averaging 2.99 a dozen, which is still high but getting better. Milk also went down here. Half gallon of organic milk from Publix used to be 4.29 or 4.19, but it’s 3.99 now. Smallish differences in price could just be a sales tactic. Get you in the door for milk and eggs but you buy other stuff you don't need but want. Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted March 31, 2023 Share Posted March 31, 2023 38 minutes ago, Zaku3 said: Smallish differences in price could just be a sales tactic. Get you in the door for milk and eggs but you buy other stuff you don't need but want. Except it’s be trending this way for a while. Inflation is a profit tactic, anyway. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 31, 2023 Share Posted March 31, 2023 18/2.99 at the krogers here Quote Link to comment Share on other sites More sharing options...
Ominous Posted March 31, 2023 Share Posted March 31, 2023 On 3/29/2023 at 5:56 PM, osxmatt said: High egg prices send profits at largest US producer soaring more than 700% - CNN AMP.CNN.COM Cal-Maine Foods, the largest egg producer in the United States, reported revenue doubled and profit surged 718% last quarter because of sharply higher egg prices. But wouldn't other egg companies see the high prices and lower their prices because capitalism is great? Quote Link to comment Share on other sites More sharing options...
Guest Posted March 31, 2023 Share Posted March 31, 2023 3 minutes ago, Ominous said: But wouldn't other egg companies see the high prices and lower their prices because capitalism is great? This is exactly what happened though A bunch of producers had their egg laying hen population decimated, they increased prices to offset their drop in volume. Those companies that were unaffected by the flu, like Cal Maine, raised their prices but kept them lower than what the producers who were affected could charge. Quote Link to comment Share on other sites More sharing options...
Link200 Posted April 2, 2023 Share Posted April 2, 2023 On 3/13/2023 at 11:15 AM, Keyser_Soze said: Anyone see the price of a box of cereal? It's running from around $6 up to $10 bucks. Who do these people think they are? Where the hell do you live/shop? Definitely not close to that price here. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted April 2, 2023 Share Posted April 2, 2023 7 hours ago, Link200 said: Where the hell do you live/shop? Definitely not close to that price here. Prices are similar here in NJ, but, post, general mills, and/or kelloggs brand is almost always on sale each week bringing it down to $2-4. Quote Link to comment Share on other sites More sharing options...
Jason Posted April 3, 2023 Share Posted April 3, 2023 OPEC+ makes shock million-barrel cut in new inflation risk WWW.LATIMES.COM It’s a significant reduction for a market where — despite the recent price fluctuations — supply was looking tight for the latter part of the year. Quote Link to comment Share on other sites More sharing options...
Jason Posted May 3, 2023 Share Posted May 3, 2023 Fed to raise interest rates by 0.25 basis points to fight inflation - The Washington Post WWW.WASHINGTONPOST.COM Inflation is still too high, and policymakers are grappling with the ongoing repercussions from this spring’s banking crisis. 1 Quote Link to comment Share on other sites More sharing options...
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