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2022 inflation report thread

cohodkcohodk Posts: 17,478 ✭✭✭✭✭

New year, new thread

My Dunkin sammich and coffee went up about 10% on Jan 1.

Excuses are tools of the ignorant
Knowledge is the enemy of fear
Annointed "biggest hands"
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Comments

  • derrybderryb Posts: 34,063 ✭✭✭✭✭
    edited January 17, 2022 1:41PM

    APMEX single BU silver eagle is up to 47.5% over spot plus shipping. ;)

    Noticed a few more empty shelf spaces at Publix last night. And they have not had my Arizona Watermellon Tea for a while now.

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • blitzdudeblitzdude Posts: 4,258 ✭✭✭✭✭

    All is well in The Commonwealth. Made the quarterly journey to Costco this past weekend. It was jammed packed due to all the storm is coming panic shoppers, but the shelves were surprisingly full. Didn't really notice any big price increases, maybe just in the bulk Kirkland toilet paper and paper towels up about $1 a pack. I can live with that. Got about 15 inches of snow in the past 24 hours, god bless the woodburner. Furnace hasn't kicked on once today. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • MsMorrisineMsMorrisine Posts: 31,692 ✭✭✭✭✭

    Peloton is about to tack on hundreds of dollars in fees to its Bike and treadmill, citing inflation - https://www.cnbc.com/amp/2022/01/17/peloton-is-about-to-tack-on-hundreds-of-dollars-in-fees-to-its-bike-and-treadmill-citing-inflation.html

    ==

    Netflix raises prices in U.S. and Canada, stock pops - https://www.cnbc.com/amp/2022/01/14/netflix-raises-prices-in-us-and-canada-stock-pops.html

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 31,692 ✭✭✭✭✭

    COVID Shut-ins are experiencing inflation!

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • fishteethfishteeth Posts: 2,183 ✭✭✭✭✭

    Shelves all completely full around here. But prices definitely higher. In the dental world all of my labs and suppliers have sent me notices with 5-20% increase in fees. staff salaries are really going up. Unable to find any hygienist at almost any salary. Lack of staff, higher cost for supplies (nitrile gloves almost 5x more expensive than 2 years ago) Means a new fee schedule coming out soon for patients and no more PPO plans excepted. If I slow down I will go fishing more

  • MsMorrisineMsMorrisine Posts: 31,692 ✭✭✭✭✭

    Just sell everyone dental implants and tell them they’ll never worry about dental inflation again

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • fishteethfishteeth Posts: 2,183 ✭✭✭✭✭

    Dental implants are great but may not last forever without future attention. Dentist only started placing them in the 90s, you would be amazed at the number of disasters we are seeing. Residual bone growth has led to some real headaches for me. Even in older patients. Would still be my choice to replace one tooth but full mouth implant replacements are like expensive cars, can be very expensive to maintain over a 15+ yr period

  • shorecollshorecoll Posts: 5,442 ✭✭✭✭✭

    My dentist had to coax hygienist back from retirement...no new ones. I had a niece that just graduated for that but the military snapped her up.

    ANA-LM, NBS, EAC
  • rickoricko Posts: 90,923 ✭✭✭✭✭

    Prices definitely up noticeably. Shockingly on meat.... double on most and triple on a couple of types. Cheers, RickO

  • RobMRobM Posts: 409 ✭✭✭

    In December I bought an entire beef tenderloin on sale for $11.99/lb. Last week I bought another at $10.99/lb. I think it is likely the result of the inconvenience of dining out during Covid. Restaurants probably aren't buying as much, and they are the ones that buy the more expensive meat cuts. Now I can have my steak, and eat it too.

  • derrybderryb Posts: 34,063 ✭✭✭✭✭

    Slight grading fee increase across the street:

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • derrybderryb Posts: 34,063 ✭✭✭✭✭

    off topic but a good freebie:

    four free in home covid test kits courtesy of your favorite uncle. order here. (appears USPS is handling the orders and delivery. Limit of one kit of four tests per household.

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • VanHalenVanHalen Posts: 3,447 ✭✭✭✭

    My cell phone provided now requires a "no fee payment" to maintain the auto-pay discount. They also added a $1.25 monthly "administrative fee" for 2022. Not a biggie but it does add about 3% to my previously agreed upon contract.

  • MsMorrisineMsMorrisine Posts: 31,692 ✭✭✭✭✭

    $1.25 per month for a computer to process an ACH?

    Criminal

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 34,063 ✭✭✭✭✭

    Meanwhile, China’s central bank cuts key lending rates.

    "China’s central bank cut the one-year loan prime rate by 10 basis points from 3.8% to 3.7%. The five-year loan prime rate was reduced by 5 basis points from 4.65% to 4.6% — the first cut since April 2020, at the height of the coronavirus pandemic in the country."

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • MsMorrisineMsMorrisine Posts: 31,692 ✭✭✭✭✭

    @derryb said:
    Meanwhile, China’s central bank cuts key lending rates.

    "China’s central bank cut the one-year loan prime rate by 10 basis points from 3.8% to 3.7%. The five-year loan prime rate was reduced by 5 basis points from 4.65% to 4.6% — the first cut since April 2020, at the height of the coronavirus pandemic in the country."

    And what does this have to do with the price of eggs in America?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 34,063 ✭✭✭✭✭
    edited January 20, 2022 5:45AM

    Sorry, thought it was an inflation thread. Didn't central banks help create inflation? Find it ironic that the PBOC is doing completely the opposite of what the FED plans to do. Guess ya gotta break some eggs to make an omelet.

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • cohodkcohodk Posts: 17,478 ✭✭✭✭✭
    edited January 20, 2022 12:49PM
    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
    Annointed "biggest hands"
  • fastfreddiefastfreddie Posts: 2,475 ✭✭✭✭✭

    From CNB******S
    Treasury Secretary Janet Yellen on Thursday defended the Biden administration’s economic achievements over the president’s first year in office and said that she hopes to see inflation closer to 2% by the end of 2022.

    She highlighted robust gains in the U.S. labor market over the last 12 months, including the addition of over 6 million jobs and an unemployment rate under 4%.

    "It's not that life is short but that you're dead for so long"
  • blitzdudeblitzdude Posts: 4,258 ✭✭✭✭✭

    @MsMorrisine said:

    @derryb said:
    Meanwhile, China’s central bank cuts key lending rates.

    "China’s central bank cut the one-year loan prime rate by 10 basis points from 3.8% to 3.7%. The five-year loan prime rate was reduced by 5 basis points from 4.65% to 4.6% — the first cut since April 2020, at the height of the coronavirus pandemic in the country."

    And what does this have to do with the price of eggs in America?

    My eggs are still virtually free although production from the girls is always down a bit in these winter months. Maybe I should look into loaning some dollars to the Chinese? RGDS!

    The whole worlds off its rocker, buy Gold™.

  • MsMorrisineMsMorrisine Posts: 31,692 ✭✭✭✭✭

    Chinese economy is getting pressured downward by a property market “ailment”

    It’s not just Evergrande that’s defaulted.

    Real Estate related industry made up something like 30% of the economy(?)

    Reading a few articles on evergrande has me saying “contagion” to the middle class there. Savings invested with evergrandes wealth mgmt and “savings” via real estate looks like it is evaporated unless the CCP decides to bail them out.

    So, it’s not unusual to me that china’s PBOC is doing one thing and the Fed is doing another.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 34,063 ✭✭✭✭✭
    edited January 20, 2022 5:26PM

    @fastfreddie said:
    From CNB******S
    Treasury Secretary Janet Yellen on Thursday defended the Biden administration’s economic achievements over the president’s first year in office and said that she hopes to see inflation closer to 2% by the end of 2022.

    She highlighted robust gains in the U.S. labor market over the last 12 months, including the addition of over 6 million jobs and an unemployment rate under 4%.

    20% is more realistic.

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • derrybderryb Posts: 34,063 ✭✭✭✭✭
    edited January 20, 2022 5:25PM

    @MsMorrisine said:

    So, it’s not unusual to me that china’s PBOC is doing one thing and the Fed is doing another.

    Could this economic diversion be another nail in globalization's coffin? Seems the pandemic provided a few nails (unintended consequence?) via supply chain issues. Is the "world economy" becoming fractured? Certainly not in Klaus's playbook.

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • derrybderryb Posts: 34,063 ✭✭✭✭✭

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • MsMorrisineMsMorrisine Posts: 31,692 ✭✭✭✭✭

    @derryb said:

    @MsMorrisine said:

    So, it’s not unusual to me that china’s PBOC is doing one thing and the Fed is doing another.

    Could this economic diversion be another nail in globalization's coffin? Seems the pandemic provided a few nails (unintended consequence?) via supply chain issues. Is the "world economy" becoming fractured? Certainly not in Klaus's playbook.

    It’s just a diversion now? It did have serious ramifications

    https://forums.collectors.com/discussion/comment/13116628/#Comment_13116628

    @derryb said:
    been defaulting for the past month. any affect on PMs priced in earlier.

    This default will have serious ramifications to the world wide economic standing once all parties understand the full scope of it.

    As far as globalization and coffins, I’m not buying Chinese real estate nor wealth management products, but there’s plenty of made in chine at walmart

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • blitzdudeblitzdude Posts: 4,258 ✭✭✭✭✭

    @MsMorrisine said:

    @derryb said:

    @MsMorrisine said:

    So, it’s not unusual to me that china’s PBOC is doing one thing and the Fed is doing another.

    Could this economic diversion be another nail in globalization's coffin? Seems the pandemic provided a few nails (unintended consequence?) via supply chain issues. Is the "world economy" becoming fractured? Certainly not in Klaus's playbook.

    It’s just a diversion now? It did have serious ramifications

    https://forums.collectors.com/discussion/comment/13116628/#Comment_13116628

    @derryb said:
    been defaulting for the past month. any affect on PMs priced in earlier.

    This default will have serious ramifications to the world wide economic standing once all parties understand the full scope of it.

    As far as globalization and coffins, I’m not buying Chinese real estate nor wealth management products, but there’s plenty of made in chine at walmart

    'Merica be addicted to Maiden China. That's never going to change, at least in our lifetimes.

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 34,063 ✭✭✭✭✭
    edited January 20, 2022 7:10PM

    @MsMorrisine said:

    @derryb said:

    @MsMorrisine said:

    So, it’s not unusual to me that china’s PBOC is doing one thing and the Fed is doing another.

    Could this economic diversion be another nail in globalization's coffin? Seems the pandemic provided a few nails (unintended consequence?) via supply chain issues. Is the "world economy" becoming fractured? Certainly not in Klaus's playbook.

    It’s just a diversion now? It did have serious ramifications

    https://forums.collectors.com/discussion/comment/13116628/#Comment_13116628

    @derryb said:
    been defaulting for the past month. any affect on PMs priced in earlier.

    This default will have serious ramifications to the world wide economic standing once all parties understand the full scope of it.

    how the two economies react to one's economic woes is completely different to how it's central banks react; two completely different issues. My use of the word "diversion" was in reference to the diversion of PBOC from the FEDs playbook. Historically "global" central banks walk in tandem. My point was "is this a setback for the globalization movement?" A breakdown in this movement will have serious (game-changing) consequences for individual economies. Consumer dependency could be drastically altered. New markets in new locations could follow.

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • MsMorrisineMsMorrisine Posts: 31,692 ✭✭✭✭✭

    It’s still hardly a diversion.

    It assumes lock-step is the way things work.

    Them taking a different direction is business as usual and doesn’t remove Chinese underwear from Walmart

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 34,063 ✭✭✭✭✭
    edited January 20, 2022 7:32PM

    @MsMorrisine said:
    It’s still hardly a diversion.

    the two central banks are moving in completely opposite directions. Quite the diversion.

    It assumes lock-step is the way things work.

    Central banks around the world have been following the FED's lead for at least since 2009 crisis. Explains why many of the failing economies mimic the US economy.

    Them taking a different direction is business as usual and doesn’t remove Chinese underwear from Walmart.

    Walmart is already looking for new suppliers (as are many US retailers and wholesalers). I'm told the underwear sample it received from Poland is the same on both the front and the rear.

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • MsMorrisineMsMorrisine Posts: 31,692 ✭✭✭✭✭

    @derryb said:
    Walmart is already looking for new suppliers (as are many US retailers and wholesalers).

    Increased globalization!

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 34,063 ✭✭✭✭✭
    edited January 20, 2022 7:51PM

    @MsMorrisine said:

    @derryb said:
    Walmart is already looking for new suppliers (as are many US retailers and wholesalers).

    Increased globalization!

    I believe the result will be an increase in US production. We are learning that dependency, even if it increases profits, does come at a price.

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • derrybderryb Posts: 34,063 ✭✭✭✭✭

    @MsMorrisine said:
    Peloton Pelodone is about to tack on hundreds of dollars in fees to its Bike and treadmill, citing inflation - https://www.cnbc.com/amp/2022/01/17/peloton-is-about-to-tack-on-hundreds-of-dollars-in-fees-to-its-bike-and-treadmill-citing-inflation.html

    fixed it for ya

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • MsMorrisineMsMorrisine Posts: 31,692 ✭✭✭✭✭

    @derryb said:

    I believe the result will be an increase in US production. We are learning that dependency, even if it increases profits, does come at a price.

    A higher price at the register that the lower 80% can’t afford

    Hello, Viet Nam!

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 34,063 ✭✭✭✭✭
    edited January 20, 2022 8:25PM

    @MsMorrisine said:

    @derryb said:

    I believe the result will be an increase in US production. We are learning that dependency, even if it increases profits, does come at a price.

    A higher price at the register that the lower 80% can’t afford

    Hello, Viet Nam!

    An increase in US production will provide jobs for the lower 80% (we all know the upper 20% don't work for a living). While there will always be a lower 80% there is hope for "quality of life" improvement. The most important link for imports in the supply chain (entry at US ports) is broken. This includes the current trucking delays from Canada due to the pandemic's new entry/exit restrictions. Even when fixed, wholesalers/retailers will be looking to exit that particular position of dependency. Even if becomes only a portion of the inventory, it will create a demand and a market for local production. For example the demand for healthy, fresh organic produce has opened up a whole new "local" market.

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • HigashiyamaHigashiyama Posts: 1,828 ✭✭✭✭

    @derryb said: we all know the upper 20% don't work for a living,

    Can you elaborate on that?

    Higashiyama
  • derrybderryb Posts: 34,063 ✭✭✭✭✭
    edited January 20, 2022 9:25PM

    @Higashiyama said:
    @derryb said: we all know the upper 20% don't work for a living,

    Can you elaborate on that?

    Sure, the upper 20% don't work in the labor intensive production of goods for a living. Those that do have a "job" can be found paying others to pay others to tell actual workers what to do.

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • HigashiyamaHigashiyama Posts: 1,828 ✭✭✭✭

    So, for example, a medical doctor doesn’t work? How about a software engineer? A biotech entrepreneur?

    Higashiyama
  • derrybderryb Posts: 34,063 ✭✭✭✭✭

    top 20% does not include them.

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • MsMorrisineMsMorrisine Posts: 31,692 ✭✭✭✭✭

    Rite

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • shorecollshorecoll Posts: 5,442 ✭✭✭✭✭

    US has voted with their wallets over the past 50 years, decline in quality vs the price and we're better off buying overseas. Forced onshoring will change it for a while, but long term I don't think so. Another issue is that the EPA chased many chip plants out, after we bring them back I predict instant lawsuits to shut them back down. (sorry for the rant)

    ANA-LM, NBS, EAC
  • cohodkcohodk Posts: 17,478 ✭✭✭✭✭

    @derryb said:

    @Higashiyama said:
    @derryb said: we all know the upper 20% don't work for a living,

    Can you elaborate on that?

    Sure, the upper 20% don't work in the labor intensive production of goods for a living. Those that do have a "job" can be found paying others to pay others to tell actual workers what to do.

    Im sure oil field welders, utility linesmen, and many other self employed construction folk would love to hear you say they dont work to their face.

    Sometimes you write the funniest comments.

    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
    Annointed "biggest hands"
  • derrybderryb Posts: 34,063 ✭✭✭✭✭
    edited January 22, 2022 12:29AM

    @cohodk said:

    @derryb said:

    @Higashiyama said:
    @derryb said: we all know the upper 20% don't work for a living,

    Can you elaborate on that?

    Sure, the upper 20% don't work in the labor intensive production of goods for a living. Those that do have a "job" can be found paying others to pay others to tell actual workers what to do.

    Im sure oil field welders, utility linesmen, and many other self employed construction folk would love to hear you say they dont work to their face.

    Sometimes you write the funniest comments.

    my bad, i assumed the upper 20% made more than $1M a year. turns out they make more than $100K a year. Apologies to all.

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • cohodkcohodk Posts: 17,478 ✭✭✭✭✭

    100k will place your household in top 1/3. America is the land of plenty.

    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
    Annointed "biggest hands"
  • cohodkcohodk Posts: 17,478 ✭✭✭✭✭

    1 out of 11 households in America has a $1 million net worth.

    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
    Annointed "biggest hands"
  • bigjpstbigjpst Posts: 2,836 ✭✭✭✭✭

    @cohodk said:
    1 out of 11 households in America has a $1 million net worth.

    Does this number take into account the home?

  • derrybderryb Posts: 34,063 ✭✭✭✭✭

    Obviously a million ain't what it used to be. B)

    "In uncertain times gold is certain." - Esme, Peaky Blinders on Netflix
    The FED is the problem, not the solution. - MISH

  • DrBusterDrBuster Posts: 5,160 ✭✭✭✭✭
    edited January 23, 2022 6:00PM

    Publix down the street. Coke can 12 pack, 6 pack plastic bottles, 10 pack airplane cans....all $7+ plus per pack. With multi discount for buy 2 get one free still $6 per.

    This is the highest I've ever seen our product, even with discount, almost 15 years....inflations doesn't exist right? And soda is one that hits hard with the crowd that buys it.

  • Soda? The definition of non-essential.

  • cohodkcohodk Posts: 17,478 ✭✭✭✭✭

    @bigjpst said:

    @cohodk said:
    1 out of 11 households in America has a $1 million net worth.

    Does this number take into account the home?

    Excluding home.

    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
    Annointed "biggest hands"
  • taxmadtaxmad Posts: 935 ✭✭✭

    @cohodk said:

    @bigjpst said:

    @cohodk said:
    1 out of 11 households in America has a $1 million net worth.

    Does this number take into account the home?

    Excluding home.

    Source? Excluding home equity that seems high.

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