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2021 - Is inflation finally back in the conversation?


Reagan1k

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In the past two quarters, U.S. corporations outside of the finance industry posted their fattest margins since 1950 -- one reason why stock markets keep hitting all-time highs.

On earnings calls, plenty of executives complained about the squeeze from rising costs of labor as well as materials. But overall, profits were up 37% from a year earlier, according to data out last week from the Commerce Department.

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https://finance.yahoo.com/news/fattest-profits-since-1950-debunk-120000558.html

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57 minutes ago, FirstTimeCaller said:

On earnings calls, plenty of executives complained about the squeeze from rising costs of labor as well as materials.

Because of lag. They are able to raise prices on current inventory based on future prices. People that write for Yahoo Finance have ZERO fucking clue on how businesses run. 

FIFO, bitches!

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9 minutes ago, Cheeseweasel said:

Because of lag. They are able to raise prices on current inventory based on future prices. People that write for Yahoo Finance have ZERO fucking clue on how businesses run. 

FIFO, bitches!

It's a Bloomberg article posted on Yahoo.

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6 hours ago, FirstTimeCaller said:

Not a surprise.  It's easier to hedge cost than it is to raise your selling prices.  This is especially true for businesses that buy commodities and make them into something or another commodity.  

ETA

Shit gets real when the worm turns.  You give a buncha that windfall right back.

 

Edited by Parliament
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El-Erian has been all over Powell and the Fed this weekend.  Called the “transitory” call the worst in Fed history.  
 

https://www.bloomberg.com/news/articles/2021-12-12/el-erian-says-transitory-inflation-call-likely-fed-s-worst-ever

El-Erian on CNBC this morning said the Fed is behind and unable to catch up with the reality.  
 

that seems very bad.

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3 hours ago, Incredulity said:

"I can still get a gallon of milk on sale for $2.69"

Milk is STILL $3.38 per gallon at HEB, you twit.  Inflation 2021 is real, but you go out of your way to prove (a) your obsession with me and (b) your lack of critical thinking skills.

 

image.png.e4c6e3913562a614c554b3c92ccfd53e.png

Edited by jimmyjazz
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inflation is going on throughout the first world at pretty much the same rate as here.  so it's definitely the fed.

germany, canada, uk, south korea, norway, spain, italy, all in the same boat as we are.  pretty common theme is higher energy prices, which we all know are a globally traded commodity with prices set by a cartel foreign governments.  the US is (probably) more sensitive to increased oil prices in particular because we use so much of it. 

germany:

germany.png.a5d0ef95478aa7f5d117afbdab93c7a9.png

canuckistan:

canada.png.0211789dc3b96a537ddebc265f8a2771.png

uk:

uk.png.35ee28c21b81bb09dbb6224e1110755d.png

sk:

sk.png.fb1539ecfbfad65ef44e57707de8aa58.png

norway:

norway.png.a67aef1838fec716ddb8da57453bad82.png

spain:

spain.png.40ab2913278ac61cbc68d8b492958969.png

italy:

italy.png.9fa0ce475781d4bb2265966ecbf3a166.png

 

 

 

Edited by elfenix
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17 minutes ago, Cheeseweasel said:

Charts and graphs without labels make me Surly. 

it's all just 5 year inflation charts from tradingeconomics.com.  keep in mind that they're not going to be directly comparable because baskets will be different from place to place (as they should be). 

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5 hours ago, elfenix said:

inflation is going on throughout the first world at pretty much the same rate as here.  so it's definitely the fed.

germany, canada, uk, south korea, norway, spain, italy, all in the same boat as we are.  pretty common theme is higher energy prices, which we all know are a globally traded commodity with prices set by a cartel foreign governments.  the US is (probably) more sensitive to increased oil prices in particular because we use so much of it. 

 

 

 

 

 

 

 

We're a net exporter.  High oil prices might do more good than harm for our overall economy.  If you work in the oil field or sell F Tree Fiddy's, you're happy right now.  They rest of us? Not so much.

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1 hour ago, Parliament said:

We're a net exporter.  High oil prices might do more good than harm for our overall economy.  If you work in the oil field or sell F Tree Fiddy's, you're happy right now.  They rest of us? Not so much.

our inflation market basket has gas prices as a big chunk of it.  so our inflation metric is going to show more inflation than, say, germany's, where people use less gas.  33% of observed inflation YoY is due to gas prices going up 58%.  that's 2 points just from one thing. 

used cars are another point by themselves. 

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