tag:blogger.com,1999:blog-6244999628674918029.post684268491592172554..comments2024-03-28T08:49:18.096-05:00Comments on Bayou Renaissance Man: The clearest predictor yet of out-of-control inflationPeterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6244999628674918029.post-38993243979224781972022-02-06T14:05:06.411-06:002022-02-06T14:05:06.411-06:00Try it again! Why can't these sites keep their...Try it again! Why can't these sites keep their sign ins, sign outs, whatever the same??? Anyway, what I tried to say before was that a friend of mine at church was telling me this morning that the Dollar Tree store he works at will close at 5:30 one day next week so they can make all the price increases, and there will only be "1" isle in the whole store with $1.00 items in it. All the rest will be increased to over a dollar and in some cases up to $5.00. I live in the inner city of a large metropolis. And as usual when things go from bad to really bad, it's the poorest of the poor that suffer most. The food banks aren't getting the donations they were from the various stores either. So some will feel this move in on us by a communist regime, so very much worse that the majority. But In God We Trust, though not a very popular statement these days is still the best (if not the only) way to go! God's blessings to you all. Love your neighbor as yourself, sounds like tall order, but maybe the only order that makes sense.ðµðAnonymoushttps://www.blogger.com/profile/15040906284856526912noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-35441044439951602552022-01-28T20:01:59.050-06:002022-01-28T20:01:59.050-06:00Brace for impact.
Brace. Brace. Brace.
Heads down...Brace for impact. <br />Brace. Brace. Brace.<br />Heads down.<br />Stay down.<br /><br />Thank you for flying Air Fed.Aesophttps://www.blogger.com/profile/07834464741531503378noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-43610977931873922422022-01-28T14:56:30.051-06:002022-01-28T14:56:30.051-06:00Example from today. I like my snack food and Cheet...Example from today. I like my snack food and Cheeto's brand are my Achille's heel. I bought two bags for $8.00 (CAD). Back in December the same "sale" Was $7.00. This isn't the only increase I have seen. Last week we had Campbell's soup on sale $0.69 a can. It used to go on sale for $0.50 a can (a year ago was the last sale I believe). I still grabbed a flat because I am seeing the writing on the wall.<br />I work in a grocery store and we are seeing price increases on a weekly basis on basic needs.paladin3001https://www.blogger.com/profile/01180847466684617578noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-22599890940930794562022-01-28T11:41:09.256-06:002022-01-28T11:41:09.256-06:00Walmart has 1lb Oscar Mayer bacon for $11.58 and S...Walmart has 1lb Oscar Mayer bacon for $11.58 and Sam's only had turkey bacon. Our local Walgreens was running a sale on OM bacon 2 for $10. No limit. I bought what they had. glasslasshttps://www.blogger.com/profile/11903877330688637288noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-4175575448144415962022-01-28T11:08:10.999-06:002022-01-28T11:08:10.999-06:00Not many. Unneccessary price hikes on commodities...Not many. Unneccessary price hikes on commodities will result in someone else undercutting your price and stealing your customers. Texas Mikehttps://www.blogger.com/profile/06410134507600065303noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-54063170631405844962022-01-28T11:04:56.811-06:002022-01-28T11:04:56.811-06:00Feather Blade, that's the Sockpuppets argument...Feather Blade, that's the Sockpuppets argument.<br /><br />Blame the Manufacturers for the Price Increases. That leads You know to that REALLY SUCCESSFUL Tactic of Price Controls (like Socialism, never worked anywhere once they run out of other people's money).<br /><br />In a normal market the Price of an item or service depends on the costs involved to make it and enough profit to make it worthwhile.<br /><br />Competition keeps the excessive profit under control as folks simply stop buying your too expensive item or buy a competitor's product.<br /><br />If you look towards the stock market, you'll notice Basics Stocks like General Mills are doing about normal, COVID Stocks like Moderna are BOOMING.Michaelhttps://www.blogger.com/profile/05329176313885665469noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-10457792006141110062022-01-28T10:12:43.713-06:002022-01-28T10:12:43.713-06:00... how much of the wholesale price increase is ma...... how much of the wholesale price increase is manufacturers making things more expensive because they think no one will notice they did it deliberately and for no other reason that their stock price, rather than them trying to make up for a scarcity of inputs?Feather Bladehttps://www.blogger.com/profile/16295997298154977506noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-39048108170477499542022-01-28T08:47:10.630-06:002022-01-28T08:47:10.630-06:00Just a minor correction "So, let's consid...Just a minor correction "So, let's consider a hard number. If a product costing $1.00 in November went through a 20% wholesale price increase in December, it would have cost the retailer $1.20 to buy it in January (plus the additional costs described above, for which we can't account here) and put it on his shelves. Given that he'll charge a percentage profit on it, the actual price increase would be more than 20%."<br />This is incorrect. As long as the percentage profit he takes is consistent (lets say 20% for ease of calculation, then when it cost him 1 he charged 1.20. When his cost goes to 1.20, the he will charge 1.44, or 1.44/1.2 or still a 20 percent increase. Multiplication is commutative and associative.Timhttps://www.blogger.com/profile/03180597757992605584noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-75137730141358105642022-01-28T08:36:48.332-06:002022-01-28T08:36:48.332-06:00Remember Gonzalo Lira? Economics guy who used to ...Remember Gonzalo Lira? Economics guy who used to blog years ago.<br /><br />Back in 2010, he had a post that said, <br /><br /><i>If we think that hyperinflation is simply inflation on steroidsâinflation-plusâinflation with balls ...<br /><br />But hyperinflation is not an extension or amplification of inflation. Inflation and hyperinflation are two very distinct animals.</i> <br /><br />He went on to say that Hyperinflation isn't just bad inflation. It <i>looks</i> like it, but in reality, <b>hyperinflation is economic collapse.</b> It's the complete loss of confidence in the ability of the currency to maintain any semblance of value. It's when the holder of currency believes that it will be worth less at any time in the future, so anything they need will be more expensive later - whether that's minutes or days later doesn't mean much. <br /><br />Are we in the opening stages of full tilt economic collapse? I don't know, but last May John Williams of Shadowstats predicted it to be around this time. âI am looking down the road, and in early 2022, I am looking for something close to a hyperinflationary circumstance and effectively a collapsed economy.â <br /><br />The only positive way to look at what's going on is that we have genuine inflation caused by the central banks and Federal spending insanity, coupled with the effect of the government's Covid lockdowns creating real supply and demand issues. I don't know if those effects could be big enough. <br /><br />To err is human; to screw things up requires government. To really, <i>really</i> screw things up requires a government and central bank system. <br /><br />SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.com