Inflation Report Thread
jmski52
Posts: 22,847 ✭✭✭✭✭
I just ordered our usual order at the sub shop and prices have increased by 4%.
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.
I knew it would happen.
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10% ethanol for the car - down about 15% @ $2.99 / gal
ground bulk crappy Folgers coffee in the hand grip plastic container up 25%
heath care insurance up about 10% / year last 4 years
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Cialis - up 14%
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Beef was so much the last time my wife shopped she wouldn't buy any. That's ok, it's not good for us anyways. BJ's has been offering 1980's prices on large bags of
Nestle's and Mars mini-candy bars the past 2 of months. Normally this stuff is around $3/lb. Now being offered at 92c to $1.74/lb. I couldn't resist the $1.74 last month
and promised my wife I wouldn't buy them again even if at the same cheap price. Went in last week and a better brand of candy was on sale for 92c/lb. She wasn't happy when
I dragged a 5 lb bag home with me. Now I promised her that I would never buy it again, even at 92c/lb. But what am I going to do if they lower it to 49c?
My health care insurance has gone up 10% every year for the past 3 years. In 2014 it will be larger than our mortgage payment.
<< <i>Buyers premium went from 15% to 17.5% @ Heritage
Teletrade too!
Knowledge is the enemy of fear
Dang inflation.
Knowledge is the enemy of fear
<< <i>
<< <i>Buyers premium went from 15% to 17.5% @ Heritage
Teletrade too! >>
That's not inflation.....but DEFLATION......as it gets taken out of the pocket of the consignor, assuming they don't negotiate away that extra 2.5% of buyer's fee.
That 30% of inflation that Cohodk made in the post above was 30% deflation for some other investor.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Doesn't going up on the buyers premium lower the hammer price?
<< <i>I just ordered our usual order at the sub shop and prices have increased by 4%. >>
I just found out that my "Subway" Sub shop gives a 10% discount to seniors over age 60.
<< <i>I bought some Ford stock a few months ago at 10 dollars a share. Now it's over 13!!!
Dang inflation.
Purchased mine in Jan 09...4 years ago for under $2 a share.....stupid inflation made my stock prohibitive to sell because of the tax consequences
<< <i>
<< <i>I just ordered our usual order at the sub shop and prices have increased by 4%. >>
I just found out that my "Subway" Sub shop gives a 10% discount to seniors over age 60.
Age inflation
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>how is an increase in a buyer's premium not inflation from the buyer's perspective? >>
Roadrunner is correct. Did the overall the price of a coin actually increase?
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>Buyers premium went from 15% to 17.5% @ Heritage
Teletrade too! >>
That's not inflation.....but DEFLATION......as it gets taken out of the pocket of the consignor, assuming they don't negotiate away that extra 2.5% of buyer's fee.
That 30% of inflation that Cohodk made in the post above was 30% deflation for some other investor. >>
WTF EVER! It gone cost me a bunch more $$
<< <i>
<< <i>how is an increase in a buyer's premium not inflation from the buyer's perspective? >>
Roadrunner is correct. Did the overall the price of a coin actually increase? >>
The comment on inflation did not concern the price of the coin, it concerned the buyer's premium that did increase and yes it is inflation.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>how is an increase in a buyer's premium not inflation from the buyer's perspective? >>
>95% of buyer's figure out what a coin is worth to them, and then back out the buyer's premium before placing their bid. It doesn't matter what the buyer's premium is. The
auction houses can raise the BP to 50% for all I care. I'll then bid $66 on a coin worth $100 to me. It's still worth $100 regardless of any of the fees attached...seller's or buyer's.
It's the <5% of bidders who don't care about backing out buyer's fees from their bids that will indeed pay more for the coin than it's worth. This whole discussion is about robbing
Peter to pay Paul. The auction house is hoping to gain more money by the move to 17.5%. But sharp consignors (not all) will negotiate that additional 16.7% (17.5/15) now
attached to buyer's fees.....since they ultimately pay it.
1. True.....buyer's fee's show up on the buyer's invoice statement. The seller's invoice starts from hammer price and is adjusted up or down accordingly.
2. True.....both seller's and buyer's fee come out of the seller's pocket. It's up to them to negotiate as much of those 2 away as they can. Anyone ever see
a bidder negotiate their Buyer's Fee down?
Logically, what bidder in their right mind would bid $100 for the coin I listed above along with a 50% buyer's fee?.......in essence paying $150 for a coin with a FMV of $100.
Any buyer with a lick of sense would bid $66 and end up paying $100 + postage "all-in." Auctions wouldn't exist if the buyer really had to shell out the buyer's fee and pay
$150 for a $100 coin. Much simpler to buy the same coin on the bourse floor with a 0% buyer's fee for $100. This is a simple math problem.
A rising buyer's fee might or might not be an actual "price inflation" of the fee. I would submit that in the majority of transactions with most seasoned consignors and bidders, that
it will negated by negotiation and a readjustment to their bids. Of course some sheeple will get caught up in the net such that those guys will pay more. When buyer's fees were
raised from 10% to 15% a few years back there was no additional 4-5% profits that went into the pockets of the house. If they were lucky maybe they netted 1% on that change.
This recent change will probably net them something between 0.5 to 1%....nearly all from the consignor.
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<< <i>
<< <i>how is an increase in a buyer's premium not inflation from the buyer's perspective? >>
Roadrunner is correct. Did the overall the price of a coin actually increase? >>
The comment on inflation did not concern the price of the coin, it concerned the buyer's premium that did increase and yes it is inflation. >>
Not necessarily. The overall number of dollars needed to acquire the same coin may not have increased.
Knowledge is the enemy of fear
This is just to buy some booze/soda. And it ain't Zimbabwe.
<< <i>
<< <i>
<< <i>
<< <i>how is an increase in a buyer's premium not inflation from the buyer's perspective? >>
Roadrunner is correct. Did the overall the price of a coin actually increase? >>
The comment on inflation did not concern the price of the coin, it concerned the buyer's premium that did increase and yes it is inflation. >>
Not necessarily. The overall number of dollars needed to acquire the same coin may not have increased. >>
irrelevent concerning the statement that premium saw inflation.
If my gas bill goes up and my food bill goes down, my gas bill still experienced inflation.
If the restaurant serves me a smaller portion at the same price, their prices got inflated.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
/inˈflāSHən/
Noun
The action of inflating something or the condition of being inflated.
A general increase in prices and fall in the purchasing value of money.
<< <i>in·fla·tion
/inˈflāSHən/
Noun
The action of inflating something or the condition of being inflated.
A general increase in prices and fall in the purchasing value of money. >>
Does the increase in the buyers premium actually affect the amount of coins you are buying?
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>how is an increase in a buyer's premium not inflation from the buyer's perspective? >>
Roadrunner is correct. Did the overall the price of a coin actually increase? >>
The comment on inflation did not concern the price of the coin, it concerned the buyer's premium that did increase and yes it is inflation. >>
Not necessarily. The overall number of dollars needed to acquire the same coin may not have increased. >>
premium saw inflation.
If my gas bill goes up and my food bill goes down, my gas bill still experienced inflation.
If the restaurant serves me a smaller portion at the same price, their prices got inflated. >>
And your belly gets smaller. Thats deflation. Although the resulting increase in life expectancy might be inflationary.
Knowledge is the enemy of fear
<< <i>
<< <i>in·fla·tion
/inˈflāSHən/
Noun
The action of inflating something or the condition of being inflated.
A general increase in prices and fall in the purchasing value of money. >>
Does the increase in the buyers premium actually affect the amount of coins you are buying? >>
Increase in buyers premium = "The action of inflating something or the condition of being inflated.
A general increase in prices and fall in the purchasing value of money"
More $$ I spend for one thing less or ZERO $$ I have to buy/spend on another. My gripe is NOT about the "coin" , it's about the higher priced auction house service.
<< <i>
<< <i>
<< <i>in·fla·tion
/inˈflāSHən/
Noun
The action of inflating something or the condition of being inflated.
A general increase in prices and fall in the purchasing value of money. >>
Does the increase in the buyers premium actually affect the amount of coins you are buying? >>
Increase in buyers premium = "The action of inflating something or the condition of being inflated.
A general increase in prices and fall in the purchasing value of money"
More $$ I spend for one thing less or ZERO $$ I have to buy/spend on another. My gripe is NOT about the "coin" , it's about the higher priced auction house service. >>
I understand and agree. Are you able to acquire the same goods for the same $$$$?
Knowledge is the enemy of fear
<< <i>I dont even want to know what college tuition has done >>
It has gone up. Wifey is working on her EdS, tuition is nasty and I'm glad that's all we're paying (no room/board)..
And oh, my little drink at the gym that had been $2.38 for the past 2 years went up a nickel.
The fact that spending on item A gets lowered because of inflating item B only demonstrates the affect of inflation on consumption by those who cannot print their own money. Inflation has a direct affect on consumption and production of what is consumed. Inflation results in lower consumption > lower production > lower employment.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
There an infinite number of reasons prices of any given good or service can be increased (or decreased) that may have nothing to do with general monetary inflation (or deflation)
Let's talk salaries... has yours increased less than the average prices the stuff you buy ?
Liberty: Parent of Science & Industry
<< <i>If my gas bill goes up and my food bill goes down, my gas bill still experienced inflation.
There an infinite number of reasons prices of any given good or service can be increased (or decreased) that may have nothing to do with general monetary inflation (or deflation)
Let's talk salaries... has yours increased less than the average prices the stuff you buy ?
no, I deal in bullion.
But let's talk about real wages in the real world.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
M0 money base is up +$115 BILL (4%) since early October.
Monetary inflation took a brief 1-2 month pause in the fall but appears to be rocking and rolling again.
FED M2 chart - long term
Stockbrokers love it when they can "churn the account".
Uncle Sam loves it even more when you churn your own account. Do it often enough and the principal goes to zero.
I knew it would happen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Actually, it's the difference between fiction and less fiction, unless you consider the government's CPI to be a true measure of inflation.
My Adolph A. Weinman signature
It sounds like their expenses went up and they passed it on to the consumer like any other bussiness to me.
$4.39 sandwich only before 9% tax, both the burger and the rate have gone up about 10% in the past few (five or so) years
Someday they will have to rename it the Eight dollar burger because it will be $6
Liberty: Parent of Science & Industry
Big Zax snack meal at Zaxby's.......$5.29. Used to be $4.99. 6% increase.
Several other meals have gone up 30¢.
But, and extra Zax Sauce™ is still only 25¢.
99¢ Hamburgers at MickyD's are $1.19 now. add cheese for only 10¢.
There's hardly anything (if anything) on the Value Menu at Wendy's anymore. Used to get a bagfull of Double Stacks™ for 99¢/each and pig out! Of course, this was before the metabolism slowed down.
Too many positive BST transactions with too many members to list.
Average prices for this stuff haven't changed in years, and don't expect it to anytime soon. Where's the "inflation"?
Liberty: Parent of Science & Industry
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Please note that these are in fact the markets I typically shop at.
I could not find all the items to match yours, basically my area didn't have hamburger or premium steak on sale, but I included those items that I could match up.
Please note while comparing prices that these are "specials" and should you want these items say next week, they will cost you more.
Every single item is roughly .50 cents to a $1 more here. Imagine the total additional cost when doing a full shopping list that would include non sale items.
Links to the two flyers are included.
Local can play a big part in how much you feel, or do not feel, the effects of inflation (be it real or perceived)
Stop Shop here Market Basket here
JC
Charles III Album
Charles III Portrait Set
Charles IV Album
Charles IV Portrait Set
Spanish Colonial Pillar Set
<< <i>From this week's circular: 80% lean ground beef $1.99/lb, avocados 69c. ea. Apples (fuji, gala, granny smith, or red delicious) or navel oranges, 99c/lb. Loaf of bread (20 oz., sourdough or sliced) $2.50, NY strip steaks, choice, $9.99/lb, and of course, pineapples, $1.50 each.
Average prices for this stuff haven't changed in years, and don't expect it to anytime soon. Where's the "inflation"? >>
Location, location, location.
Where?
Liberty: Parent of Science & Industry
<< <i>PM sent >>
Thx
FWIW---With the SPX up against that trendline, I am inclined to raise cash via stock equity sales.
Knowledge is the enemy of fear