Jump to content

2021 - Is inflation finally back in the conversation?


Reagan1k

Recommended Posts

2 hours ago, Nice Guy Eddie said:

Very different world where the conservative govt brags about taxing energy companies even more.

 

Scapegoating. Someone has to be blamed. Couldn’t be the money printing or deficit spending or other certain political agendas. You see it here a lot. It’s the evil corporations. What’s even better?

 

The evil fossil fuel corporations!

 

2 hours ago, Nice Guy Eddie said:

 

also isn’t giving people money create more inflation not less?

Only if you believe too much money chasing too few goods contributes to inflation. 

  • Like 2
  • Haha 1
Link to comment
Share on other sites

34 minutes ago, Fudge Nuggets said:

Must have been one hell of a "Christmas baking season"...

https://www.cnn.com/2023/03/29/business/egg-profits-cal-maine/index.html

But no, there is no price gouging going on.  None whatsoever.

The egg shortage that’s had consumers paying 70% more YoY wasn’t bad for everyone — last quarter’s profits were up 718% YoY for Cal-Maine Foods, America’s largest egg producer.

Link to comment
Share on other sites

1 hour ago, Cheeseweasel said:

So the Government should control the selling price of commodities? 

https://www.nal.usda.gov/economics-business-and-trade/agricultural-subsidies

https://www.usda.gov/topics/trade/price-support

... yes? Or at least we have been since the dust bowl 90 years ago?

Edited by Captainant
  • Haha 1
Link to comment
Share on other sites

5 hours ago, Cheeseweasel said:

Normal? No. But you should ask how we got here. But that would cause for self reflection of policies which, apparently, you aren't capable of.


I'm thinking we got there because, after an outbreak of avian flu that saw millions of egg-laying chickens euthanized,  this corporation saw an opportunity to raise its prices and did so.  Am I wrong?

Link to comment
Share on other sites

7 hours ago, Horn Under a Bad Sign said:


I'm thinking we got there because, after an outbreak of avian flu that saw millions of egg-laying chickens euthanized,  this corporation saw an opportunity to raise its prices and did so.  Am I wrong?

From what I understand eggs don’t have set prices.  They are traded every day.  The price is what the market will bear.  Normally the range is pretty tight, so you don’t see “market” for your omelet at Denny’s.

  • Hook 'Em 1
Link to comment
Share on other sites

On 3/30/2023 at 10:21 PM, Incredulity said:

From what I understand eggs don’t have set prices.  They are traded every day.  The price is what the market will bear.  Normally the range is pretty tight, so you don’t see “market” for your omelet at Denny’s.

It's fun to see this lie perpetuated. The government has offices dedicated to keeping grain prices artificially high so that we DONT get another dust bowl from over production to meet financial goals. The government fixes prices all the time. 

The price isn't what the market will bear, the price is what they can get away with. And it's just a matter if you think they should or shouldn't get away with price gouging. 

  • Hook 'Em 2
Link to comment
Share on other sites

3 hours ago, Captainant said:

It's fun to see this lie perpetuated. The government has offices dedicated to keeping grain prices artificially high so that we DONT get another dust bowl from over production to meet financial goals. The government fixes prices all the time. 

The price isn't what the market will bear, the price is what they can get away with. And it's just a matter if you think they should or shouldn't get away with price gouging. 

Eggs are traded freely.  Bid/ask is the very definition of capitalism.

Chef’s fucking kiss that a simp for socialism takes issue with the Agriculture Marketing Service of the USDA(the Federal fucking government).

  • Like 1
  • Haha 1
Link to comment
Share on other sites

All eggcitement aside, this OPEC play is pretty predictable.  They’re betting on the timing for China to start increasing demand to drive prices with a six or nine month cushion. Plus, the US SPR is not in a position to release and cushion prices.

 

 Looks like inflation is still on the menu boss.

Link to comment
Share on other sites

21 minutes ago, Hefeweizen said:

All eggcitement aside, this OPEC play is pretty predictable.  They’re betting on the timing for China to start increasing demand to drive prices with a six or nine month cushion. Plus, the US SPR is not in a position to release and cushion prices.

 

 Looks like inflation is still on the menu boss.

Yeah looks like we might’ve missed out on that chance to refill the SPR. 

Link to comment
Share on other sites

2 minutes ago, Cheeseweasel said:

That's awesome. 

But it should be entitled "Things the Government pokes their hand in vs. things they don't"

Or shit, just post the last 4 quarters earnings reports from the top companies in each category. That's prob more telling than anything else.

Link to comment
Share on other sites

Some other interesting nuggets from today's report:

Black UE: 5.0%, lowest ever reported.

Participation Rate up to 62.6%, highest in 3 years but still 1.0% below pre-COVID. Digging deep into the data, it boils down to Whites 55+ leaving the workforce.

Prime-Age (25-54) Participation up to 83.1%, highest since 2001.

It took just 3 years for Prime-Age to fully recover this time around. By comparison, after the GFC, it took nearly 13 years.

FtHPdvKX0AI7Tdg?format=jpg&name=medium

  • Hook 'Em 3
Link to comment
Share on other sites

3 hours ago, Storm the Field said:

Participation Rate up to 62.6%, highest in 3 years but still 1.0% below pre-COVID. Digging deep into the data, it boils down to Whites 55+ leaving the workforce.

Prime-Age (25-54) Participation up to 83.1%, highest since 2001.

How do disabilities play into that percentage? Are they pulled from the denominator? 3 million newly disabled in the last couple years. 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...