Yep had to see it to believe it. Stopped at the feed mill yesterday and my 50# bags of Non-GMO egg layer crumbles has hit $17.84. This time last year I was paying $15.80, almost a 13% increase. I'm up to 22 girls now and in the warmer months with free ranging I'm going through about a bag per month. Costing me $.52 cents a day to keep 22 girls fed. At this rate I may need to switch them to regular but I don't want them eating garbage.
Recently Yellen revealed that interest rates might have to rise as more money floods the economy. The equity markets responded negatively out of fear. Before the day was over Yellen was flip-flopping on her earlier comments.
Make no mistake, Treasury Secretary Yellen and Fed Reserve Chairman Powell's jobs are to assure the public and the markets that everything is just fine. They are nothing more than the orchestra playing as the Titanic sinks.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Even higher gasoline prices likely... at least for awhile. The Colonial pipeline from the Gulf to the Northeast east has been shut down due to hacking (sounds like a ransomware attack... not sure how long it will be inop). The pipeline supplied a significant percentage of the supply to the Northeast.
@tincup said:
Even higher gasoline prices likely... at least for awhile. The Colonial pipeline from the Gulf to the Northeast east has been shut down due to hacking (sounds like a ransomware attack... not sure how long it will be inop). The pipeline supplied a significant percentage of the supply to the Northeast.
That pipeline hack, that HQ is like 15 mins from my place. No local news this morning about resolution yet.
Old HS friends of mine own a few restaurants and have been talking about food shortages coming and higher prices for what is actually available. The $120+ I spent on bbq for mothers day would agree.
Yes, everyone, everything is fine. From the Bureau of Labor Statistics data (to be updated later this week):
"In March, the Consumer Price Index for All Urban Consumers rose 0.6 percent on a seasonally adjusted basis; rising 2.6 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.3 percent in March (SA); up 1.6 percent over the year (NSA). "
@ErrorsOnCoins said:
I guess the sky is always falling with this crowd.
Didn't say the sky was falling... or it's the end of the world... or life is horrible. Since this is an "Inflation Report Thread", merely pointing out examples. If you don't agree with the premise or topic or it is a bummer for you... don't read the thread. Certainly not necessary to post subtle sarcastic remarks.
And certainly... if you are getting by better and cheaper than before, please contribute and share your secrets with us.
And certainly... if you are getting by better and cheaper than before, please contribute and share your secrets with us.
So if you are stressing about inflation, I will throw you a bone .... The price of pot is way lower than a few years ago so put that in your pipe and smoke it so you can chill ...
@ErrorsOnCoins said:
I guess the sky is always falling with this crowd.
it's not an imaginary sky that is falling.
corn is way up this year. that's reality. that's an inflation report.
How much corn can one person buy ? Will it affect you financially? Zero effect on me.
Zoom meetings are free.
Computing power is less expensive.
Pot is less expensive.
Bluefin Tuna is less expensive.
Bait is the same price.
A year ago the Oil contracts were negative so any increase would be considered inflation. The price of gasoline has almost no influence on me.
The only thing that is inflationary in my universe are boats, but there are none available so if you can't buy one you can't spend that money on inflation
@ErrorsOnCoins said:
I guess the sky is always falling with this crowd.
it's not an imaginary sky that is falling.
corn is way up this year. that's reality. that's an inflation report.
How much corn can one person buy ? Will it affect you financially? Zero effect on me.
Zoom meetings are free.
Computing power is less expensive.
Pot is less expensive.
Bluefin Tuna is less expensive.
Bait is the same price.
A year ago the Oil contracts were negative so any increase would be considered inflation. The price of gasoline has almost no influence on me.
The only thing that is inflationary in my universe are boats, but there are none available so if you can't buy one you can't spend that money on inflation
Corn is used to make ethanol, so your fuel will be more expensive. Corn is used for a livestock feed, so your meats will be more expensive. Corn is used for to make sweeteners, so most process foods (bread, catsup, syrup, etc) will be more expensive. Computing power is cheaper? Guess the chip shortage is imaginary. As for your pot being cheaper, than explains a lot...
Everyone I know has way more disposable income these days. All are better off financially. What does it matter if the cost of processed food goes up by 3 cents? I mainly eat fruits and nuts anyway.
And certainly... if you are getting by better and cheaper than before, please contribute and share your secrets with us.
So if you are stressing about inflation, I will throw you a bone .... The price of pot is way lower than a few years ago so put that in your pipe and smoke it so you can chill ...
Well thanks for the informative example of why inflation is not a concern, but it is not one that I have any experience with to be able to verify your claim. Unfortunately, that is not anything that has any impact on my day to day life. But glad that it works for you. But if it is a factor in your life, perhaps you need to lay off some so you can get a better perspective on what is going on around you.
But thank you for your concern about my well being!
"The price of gasoline has almost no influence on me.
The only thing that is inflationary in my universe are boats"
Nice that you are in that position. Unfortunately many are not, and are being impacted.
"Everyone I know has way more disposable income these days. All are better off financially. What does it matter if the cost of processed food goes up by 3 cents?"
Yeah, that free government money is awesome isn't it?! Keep it coming!
Yeah, that free government money is awesome isn't it?! Keep it coming!
Absolutely.
A friend of mine was financially hurting pre covid free money. He is no longer financially hurting and is much happier and has a much better life. I see that as a good thing.
@ErrorsOnCoins said: “ A friend of mine was financially hurting pre covid free money. He is no longer financially hurting and is much happier and has a much better life. I see that as a good thing.”
It is unambiguously good if we have compassion for others. And the state almost certainly has a valid role to play in social welfare-though the degree and methods need thoughtful discussion.
The way you’ve described your friend’s situation is certainly suggestive of concerns about the role of the state during and post COVID. Are we moving towards the Hayekian nightmare where a majority of the people vote themselves benefits that become unsustainable? Will they be sustained for a time through “printing” more and more money? Well beyond the anecdotes posted in this thread, inflation is emerging. It is nice to try to persuade ourselves that we are seeing “one offs” tied to COVID, weather, an assorted network hack, etc. Almost certainly money is a prime driver. I don’t believe we are quite at a point of no return (inevitable double digit inflation for a decade or so). But, I think we are getting close and doubt that we will have the fortitude to promote a sober approach to compassion.
A friend of mine was financially hurting pre covid free money. He is no longer financially hurting and is much happier and has a much better life. I see that as a good thing.
Until your tax bill arrives. lol there is no free money, someone pays the price.
Keep an open mind, or get financially repressed -Zoltan Pozsar
A friend of mine was financially hurting pre covid free money. He is no longer financially hurting and is much happier and has a much better life. I see that as a good thing.
Until your tax bill arrives. lol there is no free money, someone pays the price.
Already done and paid way more taxes this year than ever. I am glad I could.
A friend of mine was financially hurting pre covid free money. He is no longer financially hurting and is much happier and has a much better life. I see that as a good thing.
Until your tax bill arrives. lol there is no free money, someone pays the price.
Already done and paid way more taxes this year than ever. I am glad I could.
best to start saving for next year's taxes, gonna be even more. lol Maybe you can strike a deal with the IRS where you just give it directly to your friend.
Keep an open mind, or get financially repressed -Zoltan Pozsar
A friend of mine was financially hurting pre covid free money. He is no longer financially hurting and is much happier and has a much better life. I see that as a good thing.
Until your tax bill arrives. lol there is no free money, someone pays the price.
Already done and paid way more taxes this year than ever. I am glad I could.
Maybe you can strike a deal with the IRS where you just give it directly to your friend.
No, that was one of my friends that called me about investing his stimulus money in Dogecoin three days ago
I would rather have my taxes go to society as a whole to make it better.
@derryb said:
I'm already paying those who turned a blind eye to opportunity. I disagree that I should also pay more for a burger to compensate them further for their poor decisions. I will admit it is not entirely their fault, they have been blinded to opportunity by those who want their continued vote.
In the late '70's I qualified for free tuition under a program called "CETA". It stood for Comprehensive Education Training Act. I took a full-time 9 month course in drafting. They also paid me a stipend while attending. This "entitlement" allowed me a leg up and I eventually became a manager in a major company's engineering division. When I retired 6 years ago, after 36+years, I was making $175,000 plus a very attractive pension and benefit program. This education allowed me to pay back (many times) in taxes what was invested in my education.
I think that our way out of this will be to enact more programs like that though now they need to be college degrees along with apprenticeships to backfill retiring boomers. I also think that ultimately it be better for our tax coffers....though your burger will become more expensive since most would choose a program like the one I was in rather than work in a burger joint. That means either pay $ to attract workers to the burger business or increase immigration.
@Newbiedoobiedoo The question should be - absent that program would somebody have been able to fill that position and end their career making $175,000 a year? If the answer was yes - then society did not benefit from that program. It simply subsidized your training, which increased competition for one position and if you believe in supply and demand, artificially held down the salary for that position.
After a morning of prospecting
We sometimes go to the local casino and split a swiss cheese burger and frys for $12.
Also Less taxes then eating at a restaurant in the city...more times then not I'll get my money back on the blackjack table.
Win win, were not doing that busting rocks yet...
@taxmad said: @Newbiedoobiedoo The question should be - absent that program would somebody have been able to fill that position and end their career making $175,000 a year? If the answer was yes - then society did not benefit from that program. It simply subsidized your training, which increased competition for one position and if you believe in supply and demand, artificially held down the salary for that position.
Actually the answer is "no" (in terms of my starting position). There were openings but not enough trained people available. Sort of like the unfilled tech jobs now. As for the rest of my career.... I made my own way. I just got a foot in the door with the education. I hate seeing China and Russia pushing people through STEM programs but we're lagging. We need cyber security experts.
Okay ... We now return to your regularly scheduled program. 😁
Comments
Tofurky!
Yep had to see it to believe it. Stopped at the feed mill yesterday and my 50# bags of Non-GMO egg layer crumbles has hit $17.84. This time last year I was paying $15.80, almost a 13% increase. I'm up to 22 girls now and in the warmer months with free ranging I'm going through about a bag per month. Costing me $.52 cents a day to keep 22 girls fed. At this rate I may need to switch them to regular but I don't want them eating garbage.
The whole worlds off its rocker, buy Gold™.
Just in case anyone missed it, there’s an excellent piece in today’s WSJ entitled “Everything Screams Inflation”
Recently Yellen revealed that interest rates might have to rise as more money floods the economy. The equity markets responded negatively out of fear. Before the day was over Yellen was flip-flopping on her earlier comments.
Make no mistake, Treasury Secretary Yellen and Fed Reserve Chairman Powell's jobs are to assure the public and the markets that everything is just fine. They are nothing more than the orchestra playing as the Titanic sinks.
Keep an open mind, or get financially repressed -Zoltan Pozsar
I think the Fat Lady is singing.
100% Positive BST transactions
She's warming up anyways.
Even higher gasoline prices likely... at least for awhile. The Colonial pipeline from the Gulf to the Northeast east has been shut down due to hacking (sounds like a ransomware attack... not sure how long it will be inop). The pipeline supplied a significant percentage of the supply to the Northeast.
It was a ransomware attack.
Here's a warning parable for coin collectors...
Private networks and private lines need a rebirth.
HODL! Lets see them hack the sun.
The whole worlds off its rocker, buy Gold™.
That pipeline hack, that HQ is like 15 mins from my place. No local news this morning about resolution yet.
Old HS friends of mine own a few restaurants and have been talking about food shortages coming and higher prices for what is actually available. The $120+ I spent on bbq for mothers day would agree.
Add corn to the inflation list. Up 50% over the past year.
The powers in charge say it is transitory... perhaps so. IMO once that dog is taken off the leash... it's going to run for some time.
Starting to feel like there is no control at this point.
Yes, everyone, everything is fine. From the Bureau of Labor Statistics data (to be updated later this week):
"In March, the Consumer Price Index for All Urban Consumers rose 0.6 percent on a seasonally adjusted basis; rising 2.6 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.3 percent in March (SA); up 1.6 percent over the year (NSA). "
I guess the sky is always falling with this crowd.
Didn't say the sky was falling... or it's the end of the world... or life is horrible. Since this is an "Inflation Report Thread", merely pointing out examples. If you don't agree with the premise or topic or it is a bummer for you... don't read the thread. Certainly not necessary to post subtle sarcastic remarks.
And certainly... if you are getting by better and cheaper than before, please contribute and share your secrets with us.
So if you are stressing about inflation, I will throw you a bone .... The price of pot is way lower than a few years ago so put that in your pipe and smoke it so you can chill ...
it's not an imaginary sky that is falling.
corn is way up this year. that's reality. that's an inflation report.
How much corn can one person buy ? Will it affect you financially? Zero effect on me.
Zoom meetings are free.
Computing power is less expensive.
Pot is less expensive.
Bluefin Tuna is less expensive.
Bait is the same price.
A year ago the Oil contracts were negative so any increase would be considered inflation. The price of gasoline has almost no influence on me.
The only thing that is inflationary in my universe are boats, but there are none available so if you can't buy one you can't spend that money on inflation
Corn is used to make ethanol, so your fuel will be more expensive. Corn is used for a livestock feed, so your meats will be more expensive. Corn is used for to make sweeteners, so most process foods (bread, catsup, syrup, etc) will be more expensive. Computing power is cheaper? Guess the chip shortage is imaginary. As for your pot being cheaper, than explains a lot...
It is all relative.
Everyone I know has way more disposable income these days. All are better off financially. What does it matter if the cost of processed food goes up by 3 cents? I mainly eat fruits and nuts anyway.
Well thanks for the informative example of why inflation is not a concern, but it is not one that I have any experience with to be able to verify your claim. Unfortunately, that is not anything that has any impact on my day to day life. But glad that it works for you. But if it is a factor in your life, perhaps you need to lay off some so you can get a better perspective on what is going on around you.
But thank you for your concern about my well being!
"The price of gasoline has almost no influence on me.
The only thing that is inflationary in my universe are boats"
Nice that you are in that position. Unfortunately many are not, and are being impacted.
"Everyone I know has way more disposable income these days. All are better off financially. What does it matter if the cost of processed food goes up by 3 cents?"
Yeah, that free government money is awesome isn't it?! Keep it coming!
Absolutely.
A friend of mine was financially hurting pre covid free money. He is no longer financially hurting and is much happier and has a much better life. I see that as a good thing.
My favorite street tacos are now $2.50 - A couple years back they were $1.75.
Click on this link to see my ebay listings.
Ya mine went from $1 to $1.50 each. Just mind-blowing inflation, alert the FED.
One fiddy for the best fish taco is still a steal. Now I am hungry and craving fish tacos
@ErrorsOnCoins said: “ A friend of mine was financially hurting pre covid free money. He is no longer financially hurting and is much happier and has a much better life. I see that as a good thing.”
It is unambiguously good if we have compassion for others. And the state almost certainly has a valid role to play in social welfare-though the degree and methods need thoughtful discussion.
The way you’ve described your friend’s situation is certainly suggestive of concerns about the role of the state during and post COVID. Are we moving towards the Hayekian nightmare where a majority of the people vote themselves benefits that become unsustainable? Will they be sustained for a time through “printing” more and more money? Well beyond the anecdotes posted in this thread, inflation is emerging. It is nice to try to persuade ourselves that we are seeing “one offs” tied to COVID, weather, an assorted network hack, etc. Almost certainly money is a prime driver. I don’t believe we are quite at a point of no return (inevitable double digit inflation for a decade or so). But, I think we are getting close and doubt that we will have the fortitude to promote a sober approach to compassion.
Until your tax bill arrives. lol there is no free money, someone pays the price.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Already done and paid way more taxes this year than ever. I am glad I could.
best to start saving for next year's taxes, gonna be even more. lol Maybe you can strike a deal with the IRS where you just give it directly to your friend.
Keep an open mind, or get financially repressed -Zoltan Pozsar
No, that was one of my friends that called me about investing his stimulus money in Dogecoin three days ago
I would rather have my taxes go to society as a whole to make it better.
In the late '70's I qualified for free tuition under a program called "CETA". It stood for Comprehensive Education Training Act. I took a full-time 9 month course in drafting. They also paid me a stipend while attending. This "entitlement" allowed me a leg up and I eventually became a manager in a major company's engineering division. When I retired 6 years ago, after 36+years, I was making $175,000 plus a very attractive pension and benefit program. This education allowed me to pay back (many times) in taxes what was invested in my education.
I think that our way out of this will be to enact more programs like that though now they need to be college degrees along with apprenticeships to backfill retiring boomers. I also think that ultimately it be better for our tax coffers....though your burger will become more expensive since most would choose a program like the one I was in rather than work in a burger joint. That means either pay $ to attract workers to the burger business or increase immigration.
@Newbiedoobiedoo The question should be - absent that program would somebody have been able to fill that position and end their career making $175,000 a year? If the answer was yes - then society did not benefit from that program. It simply subsidized your training, which increased competition for one position and if you believe in supply and demand, artificially held down the salary for that position.
back to inflation
where is that horizontal bar chart shows price gains in various commodities.
also, I know I asked before, but did not bookmark it, what it the url for it?
This one is from April 4th
https://www.popularmechanics.com/science/a36014979/bill-gates-sun-blocking-experiment-postponed/
found it
https://finviz.com/futures_performance.ashx?v=17
here is 1 year
Soybeans up 20% YTD!
Rice almost 12%.
Go to the south of the border foods.
I love it. Used to eat at CMG 2-3x a week.
What is CMG?
Worry is the interest you pay on a debt you may not owe.
Chipotle Mexican Grill
I have never eaten there and we eat Mexican food a few times each week like forever.
Until you get food poisoning.
Id rather finding local authentic Mexican food place.
Still helps to have a stronger than average immune system.
After a morning of prospecting
We sometimes go to the local casino and split a swiss cheese burger and frys for $12.
Also Less taxes then eating at a restaurant in the city...more times then not I'll get my money back on the blackjack table.
Win win, were not doing that busting rocks yet...
Actually the answer is "no" (in terms of my starting position). There were openings but not enough trained people available. Sort of like the unfilled tech jobs now. As for the rest of my career.... I made my own way. I just got a foot in the door with the education. I hate seeing China and Russia pushing people through STEM programs but we're lagging. We need cyber security experts.
Okay ... We now return to your regularly scheduled program. 😁
Made it at home for under $3 in materials.
Liberty: Parent of Science & Industry
July 2021 Random Length Lumber Futures
Thank goodness! I have a lot of projects planned. I did buy a bunch at the peak. I made it go down. Your welcome.
100% Positive BST transactions
Copper Futures
free money - asset price appreciation.
where it stops, nobody knows.