Those stocking up now are "late to the party" and are paying a premium for keeping their head buried in the sand.
Inflation.......... ?
- Thread starter Hobo Hilton
- Start date
The "thought" is starting to sink in...
www.cnbc.com
Near-term inflation expectations hit record high, New York Fed survey shows
Consumers' inflation expectations over the next year hit record highs, though the outlook over the longer term grew a little more optimistic.
I'd be careful about going too far in that direction - if deflation pops up like it did in 2009, you'll want cash on hand to pick up all the bargains.
When the ATMs and banks close, cash will be king for a while, then people will figure out its just fiat currency and it will be worthless. Have enough cash for about two months.
We'll be in a barter economy for a while.
More importantly, know the difference between money and currency? That's when you pick up bargains.
We'll be in a barter economy for a while.
More importantly, know the difference between money and currency? That's when you pick up bargains.
True.... After cash is no longer good, some junk silver will carry us a little longer as payment. But, as you say, barter has been around since the beginning of time and will out live us all. As with previous cultures, "markets" will be where commerce is conducted. We are closer to a third world country than most realize. Just imagine what fresh milk, straight from the cow will be worth.
wait till a pound of hamburger will cost as much as two gallons of gas.
Worldwide..
South Korea’s central bank has announced its first ever half-percentage-point rate increase, joining the aggressive policy tightening by the U.S. Federal Reserve and other central banks to tackle high inflation. Analysts forecast more rate increases down the road.
www.wsj.com
South Korea’s central bank has announced its first ever half-percentage-point rate increase, joining the aggressive policy tightening by the U.S. Federal Reserve and other central banks to tackle high inflation. Analysts forecast more rate increases down the road.
Bank of Korea Raises Key Rate by Half Percentage Point
South Korea’s central bank announced its first ever half-percentage-point rate increase, joining the aggressive policy tightening by the U.S. Federal Reserve and other central banks to tackle high inflation.
www.wsj.com
Worldwide
WELLINGTON, New Zealand—New Zealand’s central bank raised its benchmark interest rate by 50 basis points for a third consecutive meeting Wednesday, as it tries to dampen decades-high inflation, and vowed further increases.
www.wsj.com
WELLINGTON, New Zealand—New Zealand’s central bank raised its benchmark interest rate by 50 basis points for a third consecutive meeting Wednesday, as it tries to dampen decades-high inflation, and vowed further increases.
RBNZ Raises Cash Rate by Half-Percentage Point for Third Straight Meeting
New Zealand’s central bank raised its benchmark interest rate by 50 basis points for a third consecutive meeting Wednesday, as it tries to dampen decades-high inflation, and vowed further increases.
www.wsj.com
Inflation will continue as long as the US Government continues to run the printing presses and hand out free money... The list of recipients is long, foreign countries, lazy Americans, corrupt mega corporations, politicians.... When something is "free" for so long, it looses it's value.
www.cnbc.com
Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify
The consumer price index, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate.
Here on the homestead the inflation rate is 20%...... Not nitpicking, just lump all expenses together...
McDonalds Hot n Spicy, use to be 1.00; now 1.50. My math says that's not 10% 
Inflation reaches highest level since 1981: 'We don't see relief in sight,' says economist
Gas costs accounted for nearly half of June's rising inflation rate, but prices for most goods and services rose steadily, too.
Yield curve inversion between 10-year and 2-year rates reaches biggest point since 2000
U.S. Treasury yields slid Wednesday on the back of much hotter-than-expected inflation data.
My company has 4 manufacturing facilities so we aren't a mom and pop but we aren't Tesla either. I looked at our sales through June of last year vs this year. Our sales are up 29.6%. Our capacities are the same.Yield curve inversion between 10-year and 2-year rates reaches biggest point since 2000
U.S. Treasury yields slid Wednesday on the back of much hotter-than-expected inflation data.
Thanks for clearing that up. Your management is fortunate to "pass through" the inflation while sustaining the business operation. During previous recessions many companies attempted to absorb some of the inflation and the results were bad for the company. Have shortages in the supply chain impacted your business ?
Yield curve inversion between 10-year and 2-year rates reaches biggest point since 2000
U.S. Treasury yields slid Wednesday on the back of much hotter-than-expected inflation data.
The 10yr yield is currently sitting about 50 bps lower than a month ago. Feels a bit weird with what one presumes are a series of significant rate hikes.
Also, the Euro broke below $1. Hasn't been this low since late 2002.
All of those foreign countries have (financially) climbed aboard the one remaining life boat from the USS America. Watching a storm brewing from an over loaded life boat brings some sobering thoughts.
We have definitely had supply chain issues. We were fortunate that one of our bigger competitors filed for bankruptcy and allowed us to raise prices to keep up with the increases in our costs.
LOL was very wise Sun Tzu
“Rapidity is the essence of war: take advantage of the enemy's unreadiness, make your way by unexpected routes, and attack unguarded spots.”
― Sun Tzu, The Art of War
From JW Rawles over in Idaho:
One troubling note: Standard (traditional “small square”) bales were selling for $130 per ton last year. This year they are $225 per ton. And that is hay coming from the same hay farmer, at his “picking up your own bales in the field, and you haul” price! But I should count my blessings. I heard that the hay situation in drought-stricken Texas is so bad that hay is selling for $85+ per bale, in some Texas counties!
One troubling note: Standard (traditional “small square”) bales were selling for $130 per ton last year. This year they are $225 per ton. And that is hay coming from the same hay farmer, at his “picking up your own bales in the field, and you haul” price! But I should count my blessings. I heard that the hay situation in drought-stricken Texas is so bad that hay is selling for $85+ per bale, in some Texas counties!
Former FED board member says let the inflation rip!
www.barrons.com
Commentary: This Recession May Be Mild. The Second One Will Be Worse.
The U.S. is likely entering the first dip of a double-dip recession, writes former Federal Reserve Board Governor Robert Heller.
Here is the money shot I got from his comments.Former FED board member says let the inflation rip!
Commentary: This Recession May Be Mild. The Second One Will Be Worse.
The U.S. is likely entering the first dip of a double-dip recession, writes former Federal Reserve Board Governor Robert Heller.
The bad news would be if the Fed caves into the enormous pressures it will face because of the rising cost of servicing our ballooning national debt and does not raise interest rates sufficiently to beat down inflation now.
5% of Americans are braced for this outcome. The rest will suffer.
Inflation rises to 11.3% in producer index for June, near highest on record - Washington Examiner
Video EmbedInflation as measured by producer wholesale prices ticked up to a red-hot 11.3% for the year ending in June, according to a report Thursday from the Bureau of Labor Statistics, near the highest on record.Thursday’s report comes a day after headline inflation as measured by the
www.washingtonexaminer.com
Worldwide
Nymex natural gas for August delivery was quoted at $6.49/MMBtu in Friday's session, good for a nearly 70% climb in the year-to-date. The gains come despite a sharp increase in U.S. production to record highs as well as forecasts for lower gas demand over the next two weeks.
oilprice.com
Nymex natural gas for August delivery was quoted at $6.49/MMBtu in Friday's session, good for a nearly 70% climb in the year-to-date. The gains come despite a sharp increase in U.S. production to record highs as well as forecasts for lower gas demand over the next two weeks.
Soaring U.S. Production Can't Keep LNG Prices In Check | OilPrice.com
The natural gas rally has come mainly thanks to Russia's war on Ukraine, which has supercharged the American LNG boom.
oilprice.com
White House admits inflation is 'unacceptably high,' denies US in recession as Biden pushes climate spending
White House economic adviser Jared Bernstein recognized that inflation is “unacceptably high” in the United States, but refused to admit the country was headed toward a recession.
www.foxbusiness.com
Condition of economy 'terrible' as inflation hits fresh 40-year high: Investment expert
Kingsview Wealth Management Chief Investment Officer Scott Martin weighs in on inflation reaching fresh 40-year highs and the current economic landscape.
www.foxnews.com
I take my gas cans to town and fill them on payday (once a month).
Total for today was $132.37 ($4.739 / gallon)
Last year that 26 gallon fill up would have been about $80..... Roughly a 60% increase in fuel cost for a 4 wheeler and riding mower only.
I'm beginning to think when I say my personal inflation is up 20% I need to track my expenses a lot closer.
Total for today was $132.37 ($4.739 / gallon)
Last year that 26 gallon fill up would have been about $80..... Roughly a 60% increase in fuel cost for a 4 wheeler and riding mower only.
I'm beginning to think when I say my personal inflation is up 20% I need to track my expenses a lot closer.
you could always do a break down of usage, then do a weighted average on costs to figure out what 'your' personal expense inflation percent really is. Make your own CPI
bottom line, it must be putin's fault.. or oil Companies' fault. We at the point to start blaming Monkey Pox? We all know, it's NOT the Dem's anti oil and gas agenda, cause CNN tells me so. LOL
Bales of hyagrazer have $120 of cost in each one in this part of Texas due to the increased prices of everything (gas, fertilizer, netting/twine, etc) and the low yields because of no rain. Sale barns have been full due to lack of water and grass, and people are begging for hay. Some is being stolen if it isnt secured, but that happens every drought. I would not want to get caught by the rancher, and Im not 100% sure the grand jury would even take it to trial if death wasn't involved. A prosecutor wouldn't want me on the jury I can tell you that.From JW Rawles over in Idaho:
One troubling note: Standard (traditional “small square”) bales were selling for $130 per ton last year. This year they are $225 per ton. And that is hay coming from the same hay farmer, at his “picking up your own bales in the field, and you haul” price! But I should count my blessings. I heard that the hay situation in drought-stricken Texas is so bad that hay is selling for $85+ per bale, in some Texas counties!
I appreciate dry humor as well as witty scarcasm ....... Remember, I am a charter member of the "Poor's Brigade". If gas get's really expensive or a rationing shortage, I can let my grass grow waist high.... No CCR's here on the homestead. I pump irrigation water so there is no water bill.you could always do a break down of usage, then do a weighted average on costs to figure out what 'your' personal expense inflation percent really is. Make your own CPI
bottom line, it must be putin's fault.. or oil Companies' fault. We at the point to start blaming Monkey Pox? We all know, it's NOT the Dem's anti oil and gas agenda, cause CNN tells me so. LOL
Believe it or not, if conditions get really bad, I will just do without. I have experience doing that... LOL
I raise my own apple fed deer, also. Photo taken from my kitchen door yesterday.
Putin may be doing us a favor.
Not sure what an apple fed deer tastes like, but if it's anything like an Oat fattened deer; you know they are damn good eating.
Not only are they charging us more for the gas but they are doing something to it to share you don’t get the miles you used to. I used to be able to mow my front yard without having to fill up, now I get half the front done before I got to fill up. That means where I used to only refuel one time I’m now having to do it 2x before the job is done. Same with the weedeater and blower. I haven’t paid attention to my car yet but based on the above I bet it’s the same.
I’ve also just got word that two of my old co workers had to move their families in with the grandparents because they could no longer make ends meet with the 4 kids.
That's odd, wonder if it went from ethanol free to e10 or e15 in your area. I'm getting the same mpg as always and no change in the lawn equipment usage.
I'm seeing the same thing... If you really want to step off the deep end, read up on changes to motor oil.. I still run 30 wt in everything along with some different Lucas additives to put back what the EPA made them take out....
JMHO
Got my diesel for $5.69 today at Costco. $0.20 cheaper than Speedway. I'll take it...
you using 85 octane or 91? 91 does NOT contain ethanol, while everything else does.
I run Mobil 1 100% synthetic. Used it for the last 30 years and never had an issue. The trick is to buy in 5 quart containers or when WalMart has the 3 gallon boxes on clearance. Superior in cold. My car would knock on a 0 degree day, no knocks with the Mobil 1. I ran the engine hard and it held up better with the Mobil 1. My engine looked new inside when I pulled the cast heads to slap on some aluminum ones at 75K miles. Mobil 1 made me a believer.
The "High" from free money is starting to wear off.
www.marketwatch.com
The Fed's rate hikes alone won't cure inflation
Inflation cannot be contained unless supply constraints, such as labor, energy and food shortages, are addressed. Here are three ways to do that.
www.marketwatch.com
Clown Show
www.cnbc.com
Top Federal Reserve officials say they misread inflation and now plan to correct the course
It's the Federal Reserve task to tame inflation that is running at a pace not seen in four decades. To do so, it has been hiking interest rates at a fast pace.
Nestlé has kept hiking prices this year | CNN
Nestlé hiked its prices by 6.5% in the first half of 2022 as it grapples with an "unprecedented" rise in costs.
www.cnn.com
LOL... Used to be that a person winning a $1,000,000 was front page news. Now a person has to win $1 billion to get front page billing...
A good gauge of inflation.
www.cnbc.com
A good gauge of inflation.
Someone in Illinois won the $1.337 billion Mega Millions jackpot—the third-largest lottery prize in U.S. history
Lottery officials say a ticket bought in Illinois matches the winning numbers for the Mega Millions' $1.337 billion jackpot, which ranks among the largest ever.
www.cnbc.com
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