Big Blitz Posted September 14, 2022 Share Posted September 14, 2022 Check what's to blame for the soaring prices here: Food prices are still soaring - here's what's getting more expensive Food costs spiked 11.4% over the past year, the largest annual increase since May 1979, according to data released Tuesday by the Bureau of Labor Statistics. Americans browsing the supermarket aisle will notice most food items are far more expensive than they were a year ago. Egg prices soared 39.8%, while flour got 23.3% more expensive. Milk rose 17% and the price of bread jumped 16.2%. Meat and poultry also grew costlier. Chicken prices jumped 16.6%, while meats rose 6.7% and pork increased 6.8%. Fruits and vegetables together are up 9.4%. Overall, grocery prices jumped 13.5% and restaurant menu prices increased 8%. Why there's no relief at the grocery store: That's because food prices are affected by global events, such as the war in Ukraine, which affects the costs of wheat and other commodities. Prices also reflect the impact of natural disasters like crop-killing droughts and diseases such as avian flu, which has constrained the supply of eggs and turkeys. https://www.cnn.com/2022/09/13/business/grocery-prices-august/index.html But all that matters is you are able to get an abortion at 36 weeks - I bet you're still wearing a mask in that office Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 14, 2022 Share Posted September 14, 2022 Is Joe coming out tomorrow to tell us it’s ZERO again? That should be fun. Link to comment Share on other sites More sharing options...
Doc Posted September 14, 2022 Share Posted September 14, 2022 16 minutes ago, SoCal Deek said: Is Joe coming out tomorrow to tell us it’s ZERO again? That should be fun. No, tomorrow is the "COVID has been shut down" party... Link to comment Share on other sites More sharing options...
Chef Jim Posted September 14, 2022 Share Posted September 14, 2022 How tone deaf to stand up there and “celebrate” the IRA bill while inflation came in at 8.1% and the equities markets are down 4-5%? Didn’t anyone think “ya know…maybe we should hold off on the celebratory speech until we get today’s numbers.”? It just boggles the mind. 1 Link to comment Share on other sites More sharing options...
Over 29 years of fanhood Posted September 14, 2022 Share Posted September 14, 2022 4 minutes ago, Chef Jim said: How tone deaf to stand up there and “celebrate” the IRA bill while inflation came in at 8.1% and the equities markets are down 4-5%? Didn’t anyone think “ya know…maybe we should hold off on the celebratory speech until we get today’s numbers.”? It just boggles the mind. Probably less than 10% of the voting population pays attention to equities or CPI. The ones that do won’t be voting based on Biden speeches. The informed and aware aren’t the marks. But you know that Link to comment Share on other sites More sharing options...
Doc Posted September 14, 2022 Share Posted September 14, 2022 They know their base. The problem for them is it's dwindling by the day... Link to comment Share on other sites More sharing options...
Big Blitz Posted September 14, 2022 Share Posted September 14, 2022 It's over folks Learn to grow food and hunt. You'll want guns to protect your families. Good thing we can defend ourselves here. Tea leaves. 1 Link to comment Share on other sites More sharing options...
B-Man Posted September 14, 2022 Share Posted September 14, 2022 Inflation report sends Dow to worst day since June 2020. https://www.foxbusiness.com/live-news/stock-market-today-september-13-2022 . Link to comment Share on other sites More sharing options...
The Frankish Reich Posted September 21, 2022 Share Posted September 21, 2022 Happy Days are here again for fixed income investors! I just laddered a bunch of Treasuries in one of my retirement accounts. The Fed is hellbent on crushing inflation. Yeah, there will be a little (or lot of) recession to get the job done, so watch out, markets. But the Fed sees inflation now at about 3.5 percent ongoing (not the backward looking year over year), and they say they’re committed to bringing it down to their 2 percent target. With 2 year Treasuries now over 4 percent, there’s real money to be made in super safe income investments. Depends on where you are in your life, but for me, the return of a normal interest rate environment is a good thing. 1 Link to comment Share on other sites More sharing options...
B-Man Posted September 21, 2022 Share Posted September 21, 2022 10 minutes ago, The Frankish Reich said: Happy Days are here again for fixed income investors! I just laddered a bunch of Treasuries in one of my retirement accounts. The Fed is hellbent on crushing inflation. Yeah, there will be a little (or lot of) recession to get the job done, so watch out, markets. Depends on where you are in your life, but for me, the return of a normal interest rate environment is a good thing. Some posts just don't need extra comment. Meanwhile. Interest rates are going up as the Fed battles stubborn inflation https://www.npr.org/2022/09/21/1124101447/another-big-interest-rate-hike-is-coming-as-the-fed-battles-stubborn-inflation Link to comment Share on other sites More sharing options...
Big Blitz Posted September 21, 2022 Share Posted September 21, 2022 ......that your Covid lockdown caused. Link to comment Share on other sites More sharing options...
The Frankish Reich Posted September 21, 2022 Share Posted September 21, 2022 (edited) 1 hour ago, Big Blitz said: ......that your Covid lockdown caused. Hey, ever heard that there’s no such thing as a free lunch? EDIT: hey, I see from that same Zero Hedge story you pasted here that none other than ELIZABETH WARREN agrees with you. You may want to contemplate what that says about your monetary policy. Edited September 21, 2022 by The Frankish Reich Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 21, 2022 Share Posted September 21, 2022 1 hour ago, The Frankish Reich said: Happy Days are here again for fixed income investors! I just laddered a bunch of Treasuries in one of my retirement accounts. The Fed is hellbent on crushing inflation. Yeah, there will be a little (or lot of) recession to get the job done, so watch out, markets. But the Fed sees inflation now at about 3.5 percent ongoing (not the backward looking year over year), and they say they’re committed to bringing it down to their 2 percent target. With 2 year Treasuries now over 4 percent, there’s real money to be made in super safe income investments. Depends on where you are in your life, but for me, the return of a normal interest rate environment is a good thing. Hey Frank.....I literally just did the same thing. So with that done, what are you doing about the Colts poor quarterback play? Link to comment Share on other sites More sharing options...
The Frankish Reich Posted September 21, 2022 Share Posted September 21, 2022 (edited) 40 minutes ago, SoCal Deek said: Hey Frank.....I literally just did the same thing. So with that done, what are you doing about the Colts poor quarterback play? Haha. Smart move, Deek. Can the Broncos and Colts work out a Frank Reich for Nathaniel Hackett trade? That’s my outside the box proposal. I work with a lot of Broncos fans and I warned them about whiz kid Hackett… Broncs need a grown up in the room. Reich needs a semi washed up QB instead of a fully washed up one Edited September 21, 2022 by The Frankish Reich 1 Link to comment Share on other sites More sharing options...
B-Man Posted September 22, 2022 Share Posted September 22, 2022 Link to comment Share on other sites More sharing options...
Chef Jim Posted September 22, 2022 Share Posted September 22, 2022 On 9/21/2022 at 1:05 PM, The Frankish Reich said: Happy Days are here again for fixed income investors! I just laddered a bunch of Treasuries in one of my retirement accounts. The Fed is hellbent on crushing inflation. Yeah, there will be a little (or lot of) recession to get the job done, so watch out, markets. But the Fed sees inflation now at about 3.5 percent ongoing (not the backward looking year over year), and they say they’re committed to bringing it down to their 2 percent target. With 2 year Treasuries now over 4 percent, there’s real money to be made in super safe income investments. Depends on where you are in your life, but for me, the return of a normal interest rate environment is a good thing. Lots of missing information here but on the face not sure why you would do this. How old are you and are you retired? Are you using them for income or are you expecting that rates will drop in the next 24 months and you can sell them for a premium? Link to comment Share on other sites More sharing options...
The Frankish Reich Posted September 22, 2022 Share Posted September 22, 2022 1 minute ago, Chef Jim said: Lots of missing information here but on the face not sure why you would do this. How old are you and are you retired? Are you using them for income or are you expecting that rates will drop in the next 24 months and you can sell them for a premium? Good questions. This is for good old fashioned income. I’m laddering T bills with no expectation of selling them until maturity. Not all of my retirement account (retirement is coming), but a part of it. I’m pretty risk averse at this stage of my life, so I’m glad to see safe, steady returns make a comeback. Link to comment Share on other sites More sharing options...
Chef Jim Posted September 22, 2022 Share Posted September 22, 2022 (edited) 19 minutes ago, The Frankish Reich said: Good questions. This is for good old fashioned income. I’m laddering T bills with no expectation of selling them until maturity. Not all of my retirement account (retirement is coming), but a part of it. I’m pretty risk averse at this stage of my life, so I’m glad to see safe, steady returns make a comeback. Ok. So when you say layering I assume you bought them on the open market with different maturities? When you say retirement is coming how many years are we looking at here? Edited September 22, 2022 by Chef Jim Link to comment Share on other sites More sharing options...
The Frankish Reich Posted September 23, 2022 Share Posted September 23, 2022 18 hours ago, Chef Jim said: Ok. So when you say layering I assume you bought them on the open market with different maturities? When you say retirement is coming how many years are we looking at here? Correct. Laddered for different maturities over the next 3 years. Mostly in a taxable account so for high tax states like NY or CA (I’m in CO) you get the extra kick of no state income tax. My plan in to wait out the Fed there. Historical data show that markets typically don’t start turning bullish until the Fed is done with interest rate increases. When they signal that they’re at that point (it won’t be till 2023 at the earliest, probably 2nd quarter) I will start moving the matured T bills back into equities, but of course that also depends on what bonds are paying at that point. Link to comment Share on other sites More sharing options...
T&C Posted September 23, 2022 Share Posted September 23, 2022 On 9/21/2022 at 4:19 PM, B-Man said: Some posts just don't need extra comment. Meanwhile. Interest rates are going up as the Fed battles stubborn inflation https://www.npr.org/2022/09/21/1124101447/another-big-interest-rate-hike-is-coming-as-the-fed-battles-stubborn-inflation And in the meantime the Dow is looking close to going under 29. Thanks for nothing joey. Link to comment Share on other sites More sharing options...
PetermansRedemption Posted September 23, 2022 Share Posted September 23, 2022 On 9/21/2022 at 4:05 PM, The Frankish Reich said: Happy Days are here again for fixed income investors! I just laddered a bunch of Treasuries in one of my retirement accounts. The Fed is hellbent on crushing inflation. Yeah, there will be a little (or lot of) recession to get the job done, so watch out, markets. But the Fed sees inflation now at about 3.5 percent ongoing (not the backward looking year over year), and they say they’re committed to bringing it down to their 2 percent target. With 2 year Treasuries now over 4 percent, there’s real money to be made in super safe income investments. Depends on where you are in your life, but for me, the return of a normal interest rate environment is a good thing. I wish these rising interesting rates would make it possible to get a decent rate on a savings account or money market account. Link to comment Share on other sites More sharing options...
B-Man Posted September 26, 2022 Share Posted September 26, 2022 Biden’s Inflation Takes a Huge Toll on Christmas Shopping. https://pjmedia.com/news-and-politics/matt-margolis/2022/09/26/bidens-inflation-takes-a-huge-toll-on-christmas-shopping-n1632222 . Link to comment Share on other sites More sharing options...
B-Man Posted September 28, 2022 Share Posted September 28, 2022 Biden flirts with inflation denial ahead of midterm elections. President Joe Biden is minimizing inflation in a way that could become a problem in the midterm elections, as consumer prices remain stubbornly high. Biden’s latest efforts to wave away inflation come on the heels of a White House party, complete with a musical performance by legendary boomer singer-songwriter James Taylor, celebrating a new law with “inflation” in the title on the same day the announcement of an 8.3% August inflation rate sent stock markets tumbling. The president insisted inflation was up “hardly at all” from the previous months when asked about the consumer price index for August during a rare interview with 60 Minutes. https://www.msn.com/en-us/news/politics/biden-flirts-with-inflation-denial-ahead-of-midterm-elections/ar-AA12067C Link to comment Share on other sites More sharing options...
B-Man Posted September 28, 2022 Share Posted September 28, 2022 . Link to comment Share on other sites More sharing options...
Chef Jim Posted September 28, 2022 Share Posted September 28, 2022 6 minutes ago, B-Man said: . The most brain dead, out of touch, economically illiterate line I’ve heard. That line needs to be played in a loop every day everywhere by every GOP running for election or re-election for the next month and then continued until 11/24. 1 Link to comment Share on other sites More sharing options...
BillStime Posted September 28, 2022 Share Posted September 28, 2022 🎯 Trump's policies continue to weigh down our economy... Link to comment Share on other sites More sharing options...
TSOL Posted September 28, 2022 Share Posted September 28, 2022 10 minutes ago, BillStime said: 🎯 Trump's policies continue to weigh down our economy... Don't worry, he'll be going to jail soon for stealing nuclear secrets 😂 3 Link to comment Share on other sites More sharing options...
Tiberius Posted September 28, 2022 Share Posted September 28, 2022 19 minutes ago, TSOL said: Don't worry, he'll be going to jail soon for stealing nuclear secrets 😂 Will you get in line to visit Saint Trump in jail? Link to comment Share on other sites More sharing options...
Chef Jim Posted September 28, 2022 Share Posted September 28, 2022 1 hour ago, BillStime said: 🎯 Trump's policies continue to weigh down our economy... Inflation started when Trump was in office? Can we get some documentation for that? Oh ***** it. You'll just yell some dumb rabbit hole *****. Here you go you lying *****! 1 Link to comment Share on other sites More sharing options...
BillStime Posted September 28, 2022 Share Posted September 28, 2022 44 minutes ago, Chef Jim said: Inflation started when Trump was in office? Can we get some documentation for that? Oh ***** it. You'll just yell some dumb rabbit hole *****. Here you go you lying *****! Here you go: https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm When does inflation start the current upward trajectory? Here I’ll help you out: Link to comment Share on other sites More sharing options...
Big Blitz Posted September 28, 2022 Share Posted September 28, 2022 7 minutes ago, BillStime said: Here you go: https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm When does inflation start the current upward trajectory? Here I’ll help you out: Why was there a sharp trajectory down between August 2018 and August of 2020? Can we get that President back? What in the world went wrong after that?? Link to comment Share on other sites More sharing options...
BillStime Posted September 28, 2022 Share Posted September 28, 2022 6 minutes ago, Big Blitz said: Why was there a sharp trajectory down between August 2018 and August of 2020? Can we get that President back? What in the world went wrong after that?? What did Trump inherit? What was the economy ALREADY doing before he took office? Did economic numbers only start being captured in 2017? It was already growing - so what did he do? Instead of paying down the debt like he promised - he gave a huge tax cut to the rich and corporate America - which took a huge hit on federal revenue and what did Trump continue to do? He just kept on spending... Trump predicted the economy would grow at a home-run pace with no recessions for the next decade, and he proposed massive cuts to education, health care and other nondefense parts of the budget that will not be enacted. And then COVID hit - and Trumps amazing economy BLEW UP in March 2020… ETTD Link to comment Share on other sites More sharing options...
Big Blitz Posted September 28, 2022 Share Posted September 28, 2022 9 minutes ago, BillStime said: And then they busted out COVID - and Trumps amazing economy BLEW UP in March 2020… because we couldn't let him win. Don't believe us? Look how upset we got when a Trump like populist won in Italy. Yea we're that crazy ETTD Fixed Link to comment Share on other sites More sharing options...
Doc Posted September 28, 2022 Share Posted September 28, 2022 More BSTime from BSTime. Proving that Dems live in an alternate universe of make-believe and/or stupidity and/or ignorance. Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 28, 2022 Share Posted September 28, 2022 28 minutes ago, BillStime said: What did Trump inherit? What was the economy ALREADY doing before he took office? Did economic numbers only start being captured in 2017? It was already growing - so what did he do? Instead of paying down the debt like he promised - he gave a huge tax cut to the rich and corporate America - which took a huge hit on federal revenue and what did Trump continue to do? He just kept on spending... Trump predicted the economy would grow at a home-run pace with no recessions for the next decade, and he proposed massive cuts to education, health care and other nondefense parts of the budget that will not be enacted. And then COVID hit - and Trumps amazing economy BLEW UP in March 2020… ETTD Trump cut the uppermost tax rate from 37.5% back down to 35%. The same rate it was when Obama entered office. Huge tax cut? Hardly! 1 Link to comment Share on other sites More sharing options...
B-Man Posted September 28, 2022 Share Posted September 28, 2022 4 minutes ago, SoCal Deek said: Trump cut the uppermost tax rate from 37.5% back down to 35%. The same rate it was when Obama entered office. Huge tax cut? Hardly! There you go, confusing them with the facts again. . Link to comment Share on other sites More sharing options...
TSOL Posted September 28, 2022 Share Posted September 28, 2022 I just heard a report on the radio saying Halloween pumpkins are expected to be smaller and more expensive this year than in previous years. Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 28, 2022 Share Posted September 28, 2022 Just now, B-Man said: There you go, confusing them with the facts again. . As I’m actually in the bracket, it’s personal to me! This tax cut for the rich bull is utter nonsense. 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted September 28, 2022 Share Posted September 28, 2022 13 minutes ago, TSOL said: I just heard a report on the radio saying Halloween pumpkins are expected to be smaller and more expensive this year than in previous years. And the 6 Fall Mum plants my wife puts out that die or get eaten by Deer every year will now run me about $30. 1 Link to comment Share on other sites More sharing options...
TSOL Posted September 28, 2022 Share Posted September 28, 2022 37 minutes ago, All_Pro_Bills said: And the 6 Fall Mum plants my wife puts out that die or get eaten by Deer every year will now run me about $30. I wonder what Christmas trees are going to cost this year. Link to comment Share on other sites More sharing options...
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