I agree, too little too late. If oil creeps toward $200 a barrel it will help them, but 50 bps won't do a damn thing. They have no new tools to work with and the old tools have become dull from overuse.
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Inflation.......... ?
- Thread starter Hobo Hilton
- Start date
Just for conversation:
Let's say inflation is at 7%
If tomorrow I could walk into an FDIC Bank and buy a 12 month Certificate of Deposit (CD) with a return of 7% annual, all that would allow me to do is to tread water with my cash.
For the FED or any of the Fund Manager's to suggest this they would be ridden out of town on a rail. . . . 7% ! ! !
I guess American schools have stopped teaching math. Unfortunate.
The banks don't want your damn deposits. You're lucky you're not paying them to hold onto your money like the German banks were just last year.
My MIL sent me this shot of gas prices from CA.And we thought $100 / barrel oil was high.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/YZVII5APAVMLFKKTGGGH4PELUY.jpg)
Oil slides from decade-highs as Iran talks kindle supply hopes
Oil slid 2% on Thursday, after hitting prices not seen in a decade, as sellers jumped on hopes the United States and Iran will agree soon on a nuclear deal that could add barrels to a tight global market.www.reuters.com
Biden is a genius.....ROFL
I'm seeing that...... I have one bank that is tracking my information and then selling it. They make more money selling personal info that running a business.
Not that this is relevant, but I always found it interesting that the amount that you pay in taxes on anything that you purchase is required to be shown on your receipt. Everything except gas purchases that is.
True
I think that taxes are much higher in CA as well but I don't believe that the tax rate has changed. This is more to do with the price of gas spiraling away.
This will, of course, escalate the cost of everything we buy along with the inherent increases specific to what you are buying...kind of like a double whammy. Cost of goods goes up and then cost of transportation goes up.
I think Biden was involved with the plan to fix the economy in Venezuela and has ported that genius to our economy.
"The Fed is going to raise the interest rate several times this year".
They know that it takes two quarters and sometimes more to see the effects of an interest rate hike. So for them to say something like that is crazy. Before they see the impact of a hike they're going to raise the rate again? In what clown world does that make sense?
They know that it takes two quarters and sometimes more to see the effects of an interest rate hike. So for them to say something like that is crazy. Before they see the impact of a hike they're going to raise the rate again? In what clown world does that make sense?
Lol.
www.yahoo.com
How the Ukraine crisis could make the 2020s like the 1970s
It can be risky to draw too many historical parallels when analyzing the economy. Whatever the similarities between the current economic moment and any past episode, they're usually dwarfed by the differences.Driving the news: Still, the surge of commodity prices that has accompanied the Russian...
Got my property tax increase notices today. Hope people enjoy all that new equity in their homes, because the tax man is definitely getting their piece of my pie. Dicks.
This little ad came up as I was browsing.... Knocked the breath out of me... Took a few minutes to recover. No telling what taxes will be after building.
3 acres land Stevensville, MT - general for sale - by owner
3.1 acres of land. NHN. Located on Wildfowl Lane Cactus Trail directly east of Fort Owen Historic Park. Septic has been approved. Productive wells in area. One of only a few acres left of Peery...
missoula.craigslist.org
Wait until more States figure out how to take more property taxes from everyone. It will be easy for them to get more out of you, and at the same time tell you they're helping you ...and your neighbors who don't want to work anymore.
Nope.This little ad came up as I was browsing.... Knocked the breath out of me... Took a few minutes to recover. No telling what taxes will be after building.
3 acres land Stevensville, MT - general for sale - by owner
3.1 acres of land. NHN. Located on Wildfowl Lane Cactus Trail directly east of Fort Owen Historic Park. Septic has been approved. Productive wells in area. One of only a few acres left of Peery...missoula.craigslist.org
Gettin' more serious by the day !
Right now, the price for boiled crawfish at Tony's is $5.99 per pound. And that's just take out in a bag...
www.wbrz.com
Right now, the price for boiled crawfish at Tony's is $5.99 per pound. And that's just take out in a bag...
Crawfish prices higher than normal on first Friday of Lent
BATON ROUGE - Tony's Seafood was packed on the first Friday of Lent. With seafood on the menu for many, crawfish is selling fast.
Shoppers Scramble for Staples as Food Fallout From War Spreads
(Bloomberg) -- Most Read from BloombergStakes Rise as Putin Says His War in Ukraine Will ContinueUkraine Update: U.S. May Go Alone on Russia Oil Ban; Crude SoarsPutin’s Ruble Workaround Still Leaves Bond Payments in DoubtUkraine Update: U.K. Premier Says More Pressure Needed on PutinOil Climbs...
I've been noticing the last couple months at the supermarkets that as soon as something goes on sale, the shelves are wiped cleaned and never restocked while the sale is on. The shelves for Pasta have been empty just like during the height of the Covid pandemic.
Last week, the empty shelves in the potato chip isle were the worst I've seen.
Meat is fully stocked, probably because people can't afford to pay $29 per pound for a decent steak.
Last week, the empty shelves in the potato chip isle were the worst I've seen.
Meat is fully stocked, probably because people can't afford to pay $29 per pound for a decent steak.
When people cannot get, or cannot afford to buy their favorite beer, brew, wine, or whiskey, that's when things will be at a tipping point.
My family wanted me to make some of my beef Ragu sauce and top sirloin was $9.99 per pound!! Craziness but food prices are not part of the CPI calculation or people would be freaking out at the true inflation rate
We are 6 months past the tipping point. Back around Thanksgiving the news was saying how much more it was costing to fix a Thanksgiving dinner. It's only gotten worse. Wise to build a stash of your favorite liquor while it is available.
Only if you have food, meds, good clothes, shoes, and durable goods. Liquor is extremely low on the priority list.
Maybe for you, but I know people who can't go a day, or that's what they think, without a drink. Someone close to me opens a bottle of wine just about every night. I can't imagine what she would be like without a glass of wine?
look at the shelves on what's left - that's the product you don't want to be making and trying to sell, especially in an inflated cost of production environment. Somebody needs to change the product makeup and increase sales volume.
Liquor is not a thing I use very much, but I have hoarded cases of it to barter with after the collapse
Some companies have already started, such as Coke and Pepsi. They have dropped many of their small specialized products. I only prefer soft drinks with real Suger in them, and have been having a hard time finding the small 8-oz cans of Pepsi with Real Suger. It's been about 6-months since I last saw Mt Dew with Real Suger, and prior to that it was close to a year. There was only one case on the shelf, and I bought it.
I don't know specifically what you're hoarding, but ammo is generally denser, less fragile, and will be at least as valuable for barter (probably much more so once everyone finds and nominates their local hillbilly to set up the still).
Coffee will also be quite valuable.
Well, if we could figure out what inflation was, possibly do an overlay to create a chart... I have not seen exactly what you are looking for.
Seems this one breaks out individual items. Not seeing USA on this one
My Inflation Tool
www.myinflationtool.com
Last edited:
Well based on gold, silver, vehicles, houses, oil, and groceries... I would say about 55-60 percent from pre covid pricing.Well, if we could figure out what inflation was, possibly do an overlay to create a chart... I have not seen exactly what you are looking for.
Seems this one breaks out individual items
My Inflation Tool
Wheat, up 82% from one year ago
Soybeans, up 17% from a year ago
Corn, up 33% from a year ago
Oats, up 84% from a year ago
Feeder cattle, up 20% from a year ago
I purposely left our the "metal's" prices (gold, silver, palladium, platinum and nickle) and oil. Where America and the world are heading, the bottom line will be food.
Soybeans, up 17% from a year ago
Corn, up 33% from a year ago
Oats, up 84% from a year ago
Feeder cattle, up 20% from a year ago
I purposely left our the "metal's" prices (gold, silver, palladium, platinum and nickle) and oil. Where America and the world are heading, the bottom line will be food.
Attachments
Good info. I took a snapshot of a couple meat products that I purchased regularly in the before times. In Oklahoma City 12/2020 a 10 pound chub of 80/20 ground beef was 21 dollars. Yesterday it was 32 dollars. 12/20 top sirloin $6/lb. Now $10/lb. I'm sure that will be increasing rapidly.
Hefty food runs now are important. Not just to ensure you have it, but to get it before price increases.
Hyper-Inflation has arrived:
The London Metals Exchange on Tuesday took what it called an “unprecedented” step of cancelling all the trades in nickel futures, responding to market conditions that sent the price of the industrial metal doubling
www.marketwatch.com
The London Metals Exchange on Tuesday took what it called an “unprecedented” step of cancelling all the trades in nickel futures, responding to market conditions that sent the price of the industrial metal doubling
LME cancels nickel trades after price doubles
The London Metals Exchange on Tuesday took what it called an "unprecedented" step of cancelling all the trades in nickel futures, responding to market...
www.marketwatch.com
Need the tax and wage slaves at work to support commercial real estate and Starbucks.
www.yahoo.com
Going from telework to in person work right now would be a huge pay cut for a lot of people.
Morgan Stanley's CEO is pushing for a return to the office and says employees need to give up on 'Jobland' and focus on 'Careerland'
Gorman told a Sydney business conference he's concerned it's harder to develop "career skills" while working remotely from colleagues
Going from telework to in person work right now would be a huge pay cut for a lot of people.
Give it about another 6 weeks....Need the tax and wage slaves at work to support commercial real estate and Starbucks.
Morgan Stanley's CEO is pushing for a return to the office and says employees need to give up on 'Jobland' and focus on 'Careerland'
Gorman told a Sydney business conference he's concerned it's harder to develop "career skills" while working remotely from colleagues
Going from telework to in person work right now would be a huge pay cut for a lot of people.
Everything related to going to work will be up another 10%.... Except wages.
The "Company Store" will be resurrected:
As inflation heats up, 64% of Americans are now living paycheck to paycheck
The number of Americans living paycheck to paycheck is climbing, despite rising wages.
Here's the S&P historical data:
And adjusted for inflation via CPI:
Sources:
S&P 500 Historical Prices - Multpl
S&P 500 Historical Prices chart, historic, and current data. Current S&P 500 Historical Prices is 4,769.83, a change of -13.52 from previous market close.
www.multpl.com
Inflation Adjusted S&P 500 - Multpl
Inflation Adjusted S&P 500 chart, historic, and current data. Current Inflation Adjusted S&P 500 is 4,769.83, a change of -13.52 from previous market close.
www.multpl.com
I went to town today to stock up on fuel and food.
Diesel and Premium up 29¢ a gallon from last week.
Supermarket had even more empty shelves than last week. Grabbed the last two pints of Half and Half, and the Orange Juice coolers had maybe 3 full size bottles on the shelf. The Deli case was pretty much empty of all meats. Lady at the Deli told me that they are not receiving regular shipments anymore.
Lots of people wandering the store with glazed over eyes.
Diesel and Premium up 29¢ a gallon from last week.
Supermarket had even more empty shelves than last week. Grabbed the last two pints of Half and Half, and the Orange Juice coolers had maybe 3 full size bottles on the shelf. The Deli case was pretty much empty of all meats. Lady at the Deli told me that they are not receiving regular shipments anymore.
Lots of people wandering the store with glazed over eyes.
There have been many warning signs.. Many people will panic buy TV Dinners, Canned biscuits, ready to drink OJ and things like that. Now is the time to think long term... Dried beans, flour, yeast, cooking oil, corn meal, canned meat (protean), water, small propane stove to cook one meal on... Camping gear.... You are about out of time to stock up.
You ARE out of time.
You should have smelled it and done your hoarding last year when prices, while not reasonable, were tolerable.
I have been keeping a rotating hoard/stock for the last 4-5 years now.
The only thing I could really use is a few more filters for my Katadyn water purifiers.
Jerome Powell seems to have dropped off the radar..... We are well into March and the interest rate has not been raised as promised. In fact, Powell and the FED Reserve are not even making comments. In their words they are "observing". I'm calling it stonewalling. Fuel in America is at record high's, grocery store shelves are starting to get empty, other developed countries around the world have raised their interest rates...
The FED is prolonging the agony. Why ?
Ummm, if the shelves are bare and you can't buy anything. There's no inflation to deal with. LoL
Jerome Powell seems to have dropped off the radar..... We are well into March and the interest rate has not been raised as promised. In fact, Powell and the FED Reserve are not even making comments. In their words they are "observing". I'm calling it stonewalling. Fuel in America is at record high's, grocery store shelves are starting to get empty, other developed countries around the world have raised their interest rates...
The FED is prolonging the agony. Why ?
My guess is that, as usual, *ALL* of this is Smoke and Mirrors to make the Oligarchs that now run the World fabulous amounts of money on the backs of the people who actually do the work. We are being fleeced/controlled and liquidated so that folks who already have more money than Gaad can reap huge profits from this uncertainty and fear. Just watch. I'm sure The Show will get better as this year or the next two years unfold leading up to Midterms and beyond.Jerome Powell seems to have dropped off the radar..... We are well into March and the interest rate has not been raised as promised. In fact, Powell and the FED Reserve are not even making comments. In their words they are "observing". I'm calling it stonewalling. Fuel in America is at record high's, grocery store shelves are starting to get empty, other developed countries around the world have raised their interest rates...
The FED is prolonging the agony. Why ?
VooDoo
(Bloomberg) -- Steelmakers across Europe are cutting back their operations as power prices surge to record levels
ca.finance.yahoo.com
Steel Plants Across Europe Cut Production as Power Prices Soar
(Bloomberg) -- Steelmakers across Europe are cutting back their operations as power prices surge to record levels in response to Russia’s invasion of Ukraine.Most Read from BloombergChina Warns U.S. Over Forming Pacific NATO, Backing TaiwanOwners Fear Planes ‘Are Gone Forever’ After Russia...
This matters here in the US from a strategic standpoint. For DoD contracts that require materials carry the DFAR certification, input prices are going UP.(Bloomberg) -- Steelmakers across Europe are cutting back their operations as power prices surge to record levels
Steel Plants Across Europe Cut Production as Power Prices Soar
(Bloomberg) -- Steelmakers across Europe are cutting back their operations as power prices surge to record levels in response to Russia’s invasion of Ukraine.Most Read from BloombergChina Warns U.S. Over Forming Pacific NATO, Backing TaiwanOwners Fear Planes ‘Are Gone Forever’ After Russia...
We are just now seeing the first ripple of the "Ripple Effect".. I liken the world's situation to remodeling a house. When the demolition crew comes in they can be done in a few days. The rebuilding will take months, maybe years. The demo crew is just now getting fired up....
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