[JMintzer]

Originally Posted by OrangeBlossomBaby

There were land leases that hadn't been drilled in yet - producing no oil at all. Other drilled land was carrying oil for export, not domestic use. Prices of oil went up because the oil companies chose to raise them. The president of the united states doesn't dictate the price of crude oil or refined oil, and the us government doesn't subsidize crude or refined oil prices. The former president wasn't responsible for lowering the prices, and the current president isn't responsible for raising them. He is ALSO not responsible for them having gone back down to pre-2020 prices in the last month, either.

Then why are they taking credit for the recent (albeit temporary) drop in prices?

[CoachKandSportsguy]

but what about the price of eggs at Walmart again?

[OrangeBlossomBaby]

Originally Posted by CoachKandSportsguy

but what about the price of eggs at Walmart again?

Handsome brand eggs are currently out of stock at the local Walmarts. That's my usual brand. But the Happy Egg brand are still in stock. They're a bit more expensive, at $6.32/dozen. Handsome are only $5.88/dozen. Happy Eggs have gone up around 80 cents over the last year, they're premium organic brown eggs from pasture-raised hens.

Vital Farms is also still available, those are $6.42/dozen. Also a premium organic pasture-raised brown.

The Walmart factory farm white eggs are $5.22/dozen, which is highway robbery but that's what you get when you buy factory farm eggs.

If you're gonna pay that much money, pay a little more and get the good stuff. Better taste, better baking, more protein in the whites, more nutrition in the yolks.

[Bay Kid]

Originally Posted by CoachKandSportsguy

but what about the price of eggs at Walmart again?

The cost to raise hens to lay eggs has gone up and up. Most of the store eggs come from inferior chickens, terrible conditions and cheap chicken feed. To get great FRESH eggs the cost will be $7-8.00. There is great difference in eggs.

[jimjamuser]

Originally Posted by New Englander

Did raising the interest rates control runaway inflation.?

The FED is TRYING. They are trying their BEST as we speak. They may NOT succeed and the US could tumble into a dep RECESSION. Or just as possible what they are doing could keep the recession relatively mild. Historically, The Fed has ONLY been successful 8 out of 10 times. Why this dismal record? Some say that the FED is incompetent. Others say that the US economy is so BIG and diversified that the FED can NOT get a handle on it. The FED only big TOOL is to raise the interest rate, which is a 2 edged sword and will NOT satisfy hardly anyone - especially Seniors on FIXED incomes.
........Personally, I think that large-group psychology has a bigger effect than is generally realized. If people THINK that there is GOING to BE a recession, then likely there WILL be one ! It is like a "self-fulfilling prophesy" . !!!!!

[jimjamuser]

Originally Posted by Dusty_Star

Some low skilled jobs do not pay a living wage. These are jobs for people to get experience in the working world. ie: show up on time, every day, do what the boss directs, wear a silly smock, what ever. These are not skills taught in schools & rarely taught at home. But they are critical for many to succeed in higher skilled jobs.

Germany has lots of apprenticeship job openings. The US has some, a few.

[rustyp]

Originally Posted by jimjamuser

The FED is TRYING. They are trying their BEST as we speak. They may NOT succeed and the US could tumble into a dep RECESSION. Or just as possible what they are doing could keep the recession relatively mild. Historically, The Fed has ONLY been successful 8 out of 10 times. Why this dismal record? Some say that the FED is incompetent. Others say that the US economy is so BIG and diversified that the FED can NOT get a handle on it. The FED only big TOOL is to raise the interest rate, which is a 2 edged sword and will NOT satisfy hardly anyone - especially Seniors on FIXED incomes.
........Personally, I think that large-group psychology has a bigger effect than is generally realized. If people THINK that there is GOING to BE a recession, then likely there WILL be one ! It is like a "self-fulfilling prophesy" . !!!!!

Something wrong with this statement. 80% success is not dismal in my opinion.

[jimjamuser]

Originally Posted by Aces4

Raised too little way too late. Free money for loans was ridiculous but that’s what happens when you try to force money into the stock market to prop it up and print money constantly.

i agree with the 1st sentence, the FED was late to the game.

[jimjamuser]

Originally Posted by JMintzer

"Both Japan and Europe have done a remarkable job of getting back on par with the US."

Who do you think helped pay for all of that???


"CEOs"... The new "coral"...

Very TRUE. And now because of that at least 50% of the world has thrived under US lead CAPITALISM, which we can be justly PROUD of. And we created friends and uplifted them and now we have good strong trading partners and great, immeasurable GOODWILL. And today we have allies against RUSSIA.
.........Capitalism succeeded in providing the services and GOODS that we now expect on the shelves of Walmart and Target !!!!! The US did the RIGHT thing after WW2 ........we extended a hand of FREEDOM.

[Aces4]

Originally Posted by jimjamuser

Oil and gas profits last qtr of 2022 were the highest ever, ever in History. Currently, there is NO restriction on permits for drilling. Oil was ALLOWED to be taken out of the Federal Oil Reserve for the purposes of bringing DOWN gas prices at the pump - for the benefit of the WORKING middle class and lower class. (and seniors on a fixed income) The OIL and Gas industry CHOSE to NOT drill and WHY would they because they are enjoying RECORD PROFITS?
......Why IS this important? Because EVERY product or fresh produce that a Senior on a fixed income MUST buy at one of our local Walmart stores or BJ stores has a markup due to HIGH fuel costs to operate the delivery vehicles.
........a good site to check out is - www.themoneybalance.com

This is complete “bull roar”, but too political to touch this hot button.

[OrangeBlossomBaby]

Originally Posted by Aces4

Raised too little way too late. Free money for loans was ridiculous but that’s what happens when you try to force money into the stock market to prop it up and print money constantly.

Free money for loans to groups/companies who didn't actually need it, you mean. Like a certain state official who had $482,321 in PPP loans forgiven. Even though he doesn't own a business and doesn't run a company.

That's just one. There were millions of dollars handed out to people who didn't need it. Tell ya what - if I had known that it was THAT easy to just take taxpayer money from the fed and use it to pay for luxuries, I would've bought a brand spankin new golf cart, a fully restored vintage Jaguar, and a second home back north - and charged it to the Fed.

Because if elected officials and wealthy corporate suits can do it and get away with it, so should I.

Or maybe - they should be forced to pay those loans back, and be good citizens like the rest of us are expected to be.

[Aces4]

Originally Posted by OrangeBlossomBaby

Free money for loans to groups/companies who didn't actually need it, you mean. Like a certain state official who had $482,321 in PPP loans forgiven. Even though he doesn't own a business and doesn't run a company.

That's just one. There were millions of dollars handed out to people who didn't need it. Tell ya what - if I had known that it was THAT easy to just take taxpayer money from the fed and use it to pay for luxuries, I would've bought a brand spankin new golf cart, a fully restored vintage Jaguar, and a second home back north - and charged it to the Fed.

Because if elected officials and wealthy corporate suits can do it and get away with it, so should I.

Or maybe - they should be forced to pay those loans back, and be good citizens like the rest of us are expected to be.

The whole thing was an unregulated mess. I personally think the American people own an expensive sewer.

[jimjamuser]

Originally Posted by OrangeBlossomBaby

Which is why there's so much turnover at low-paying jobs. No one is willing to stick around in them. Employers refuse to pay more for what amounts to "temporary help" and the help won't stay without better pay.

If you are at Publix you have to be willing to change locations to anywhere within the district. So that $50k/year doesn't really make up for the fact that you have to drive an hour each way, you get no breaks, and if the next shift's boss can't make it, you're stuck there pulling a double - even if it's your kid's birthday and you promised to be home to make supper. Basically your $50/year job has to be your life. You don't get to say no.

The only thing you learn about business and economics working at a diner is that some people overtip, and some people don't tip at all, and some people walk out without paying, you get pinched, abused, called "hey you," yelled at because your customer's steak was a shade too pink on the inside, threatened, pushed and kicked by little kids, tripped by "comfort animals," and if you don't smile and bend over and take it however the boss and your customers feel like dishing it out, you can business and economy yourself into a different job.

That was a good reality check, a heavy dose of it. Well stated !

[jimjamuser]

Originally Posted by OrangeBlossomBaby

There were land leases that hadn't been drilled in yet - producing no oil at all. Other drilled land was carrying oil for export, not domestic use. Prices of oil went up because the oil companies chose to raise them. The president of the united states doesn't dictate the price of crude oil or refined oil, and the us government doesn't subsidize crude or refined oil prices. The former president wasn't responsible for lowering the prices, and the current president isn't responsible for raising them. He is ALSO not responsible for them having gone back down to pre-2020 prices in the last month, either.

True, ALL of that !!!!!!

[jimjamuser]

Originally Posted by OrangeBlossomBaby

Handsome brand eggs are currently out of stock at the local Walmarts. That's my usual brand. But the Happy Egg brand are still in stock. They're a bit more expensive, at $6.32/dozen. Handsome are only $5.88/dozen. Happy Eggs have gone up around 80 cents over the last year, they're premium organic brown eggs from pasture-raised hens.

Vital Farms is also still available, those are $6.42/dozen. Also a premium organic pasture-raised brown.

The Walmart factory farm white eggs are $5.22/dozen, which is highway robbery but that's what you get when you buy factory farm eggs.

If you're gonna pay that much money, pay a little more and get the good stuff. Better taste, better baking, more protein in the whites, more nutrition in the yolks.

Free-ranging chickens and their eggs taste better than the factory-farmed variety.