3.3% Inflation, R U happy??? 3.3% Inflation, R U happy??? - Page 4 - Talk of The Villages Florida

3.3% Inflation, R U happy???

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  #46  
Old 06-12-2024, 08:39 PM
Stu from NYC Stu from NYC is offline
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Originally Posted by JMintzer View Post
Who held the purse strings during that time?
Clinton got all the credit but it was really a shared bipartisan result
  #47  
Old 06-12-2024, 08:39 PM
Bill14564 Bill14564 is offline
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Originally Posted by mtdjed View Post
and how about the rest of the story. If you have the right numbers, prices are still rising, not dropping. The numbers above only show the rate of inflation is decreasing, not the prices.

Just finished an article about soft drink prices. Coke, Pepsi and others have used COVID and inflation to raise their prices from $4 a 12 Pack to $7 to $9. They are also increasing their margins as the test the market to see how much they will absorb.

Once the inflation door is open, they get us used to the higher prices they won't go back. Nobody out there looking to reduce price unless the market uses its power.
The definition of inflation is the rate of increase in prices. As long as inflation is greater than zero, prices will be increasing. The numbers show the rate of inflation is decreasing which means the prices are increasing more slowly this year than they did last year or the year before. That is what inflation means.

Coke prices were more than $4 for a 12 pack before COVID. We drink a lot of it and I have been shopping for sales for a long time now. Increasing their margins as a test of what the market will bear? You realize that's the way capitalism works, right?

There may be some slight corrections to prices that have increased too rapidly but overall, we have what we have. I believe this is a good thing since a major decrease in prices, deflation, is a sign of a problem in the economy. But, that discussion is best left to those who have spent much more time studying economics.
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  #48  
Old 06-12-2024, 09:24 PM
Rainger99 Rainger99 is offline
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Originally Posted by Bill14564 View Post
Coke prices were more than $4 for a 12 pack before COVID.
You could almost always get a 12 pack of coke or Pepsi for $2.99 pre Covid. This was not the regular price but it was the sale price. They usually went on sale about once a month. Since moving to the Villages, coke is usually buy 2, get 1 free. Pepsi s occasionally buy 2, get 2.

Right now, Pepsi is $9.49 for a 12 pack at Winn Dixie and $9.59 at Publix. At Walmart, a 12 pack is $7.28 or $11.58 for a 24 pack.
  #49  
Old 06-12-2024, 09:25 PM
Vermilion Villager Vermilion Villager is offline
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Originally Posted by dewilson58 View Post
Look past the headlines:
Excluding the impact of net unrealized gains on equity securities in 2023 and net unrealized losses on equity securities in 2022, net earnings for the fiscal year ended Dec. 30, 2023 would have been $4.1 billion, compared to $4 billion in 2022, an increase of 1%.

Does that make you feel better???
See........ this is how people try to justify billionaire corporations being billionaire corporations. Lifted from Publix corporate website:Net earnings for the fiscal year ended Dec. 30, 2023 were $4.3 billion, compared to $2.9 billion in 2022, an increase of 49%.
A savvy accounting firm could create a spreadsheet that showed you Publix was damn near bankrupt!!!
  #50  
Old 06-13-2024, 05:17 AM
Caymus Caymus is offline
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Originally Posted by Vermilion Villager View Post
See........ this is how people try to justify billionaire corporations being billionaire corporations. Lifted from Publix corporate website:Net earnings for the fiscal year ended Dec. 30, 2023 were $4.3 billion, compared to $2.9 billion in 2022, an increase of 49%.
A savvy accounting firm could create a spreadsheet that showed you Publix was damn near bankrupt!!!
So, employee-owned Publix is a corrupt corporation?
  #51  
Old 06-13-2024, 06:01 AM
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By "fortunate," if you mean we worked hard, didn't spend frivolously, saved...then yes, I agree, I am fortunate.
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Old 06-13-2024, 06:03 AM
villager7591 villager7591 is offline
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It was 1.7% three and a half years ago. So, am I happy with 3.3 ? No !
  #53  
Old 06-13-2024, 06:06 AM
CoachKandSportsguy CoachKandSportsguy is offline
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What makes inflation hard to handle is that it's an everyday phenomena, whereas your annual salary / hourly rate / social security payment increase is only once a year, to catchup to the past. So unless you are in a place to raise your own income faster, then your income is always behind the cost increase curve. . . .

So what's good for investments in corporations (rising prices, increased profits) is not good for consumers, and what's good for consumers (cheap prices, very slowly increasing) , is not good for corporations. . pick your poison. . . and for this reason, some of your assets should be invested in corporations. . .

If corps want to grow profits and price inflation is zero( zero revenue growth) , then the only way they can get their bonuses is to reduce costs. To reduce costs, they can squeeze their material supply chain, or lay off people and replace them with automation .

This is where automation will kill the consumer economy by replacing consumers with automation. . and the only offset is to increase taxes on corporations and reduce taxes / increase support to consumers. . .

be careful what you wish for. .
  #54  
Old 06-13-2024, 06:23 AM
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Originally Posted by CoachKandSportsguy View Post
What makes inflation hard to handle is that it's an everyday phenomena, whereas your annual salary / hourly rate / social security payment increase is only once a year, to catchup to the past. So unless you are in a place to raise your own income faster, then your income is always behind the cost increase curve. . . .

So what's good for investments in corporations (rising prices, increased profits) is not good for consumers, and what's good for consumers (cheap prices, very slowly increasing) , is not good for corporations. . pick your poison. . . and for this reason, some of your assets should be invested in corporations. . .

If corps want to grow profits and price inflation is zero( zero revenue growth) , then the only way they can get their bonuses is to reduce costs. To reduce costs, they can squeeze their material supply chain, or lay off people and replace them with automation .

This is where automation will kill the consumer economy by replacing consumers with automation. . and the only offset is to increase taxes on corporations and reduce taxes / increase support to consumers. . .

be careful what you wish for. .
Taxes on corporations are a bad thing. Guess who pays that bill? The consumer
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  #55  
Old 06-13-2024, 06:28 AM
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Originally Posted by gatorbill1 View Post
Not what Fed reported today. 2.8% inflation and 4% unemployment. Pretty Good economy.
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  #56  
Old 06-13-2024, 06:39 AM
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Originally Posted by bmcgowan13 View Post
I was a federal employee from 1978-2012. I remember when President Bill Clinton left office and there was a budget SURPLUS...We (federal employees) all thought we would get a piece of that. Ah, the good old days...

From Wiki... [Clinton] had budget surpluses for fiscal years 1998–2001, the only such years from 1970 to 2023. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget.


What happened? How did we go off track?? What lead to this inflation and the recession of 2008?

"The Great Recession of 2008 to 2009 was the worst economic downturn in the U.S. since the Great Depression. Domestic product declined 4.3%, the unemployment rate doubled to more than 10%, home prices fell roughly 30% and at its worst point, the S&P 500 was down 57% from its highs."

You are tragically on point...we are leaving our economic mess (and financial burden) to our children and grandchildren. I know that our Social Security and Medicare benefits are always on the table as a solution but is that fair? You and I paid for Medicare and SS benefits for more than 40-50 years--but the government (including our Senator Rick Scott) wants to "revisit" our benefits to reduce taxes.

Not a simple solution to be sure...
"Budget???" That's funny. Does anyone REALLY understand the meaning of "budget?" A budget is just a plan for the following year (in this case). He had a budget plan of spending for the following year, which did NOT include his being in office. An interesting CATO article:
https://www.cato.org/commentary/no-b...alance-budget#

But, let's stick to the subject, which is "Inflation."
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  #57  
Old 06-13-2024, 06:46 AM
jimbomaybe jimbomaybe is offline
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Originally Posted by CoachKandSportsguy View Post
What makes inflation hard to handle is that it's an everyday phenomena, whereas your annual salary / hourly rate / social security payment increase is only once a year, to catchup to the past. So unless you are in a place to raise your own income faster, then your income is always behind the cost increase curve. . . .

So what's good for investments in corporations (rising prices, increased profits) is not good for consumers, and what's good for consumers (cheap prices, very slowly increasing) , is not good for corporations. . pick your poison. . . and for this reason, some of your assets should be invested in corporations. . .

If corps want to grow profits and price inflation is zero( zero revenue growth) , then the only way they can get their bonuses is to reduce costs. To reduce costs, they can squeeze their material supply chain, or lay off people and replace them with automation .

This is where automation will kill the consumer economy by replacing consumers with automation. . and the only offset is to increase taxes on corporations and reduce taxes / increase support to consumers. . .

be careful what you wish for. .
Raising the taxes on businesses adds to their cost of doing business and of course that is added to the prices they charge , the standard of living is determined by how productive the supply chain works, the supply chain is the function of business, competitive pressure is always at work to lower cost because that makes for a higher profit, you go to work to put money in your pocket, businesses exist for the same reason, corps/business do not cause inflation they deal with it
  #58  
Old 06-13-2024, 06:54 AM
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Since some folks live on a fixed income, inflation hurts us more than those that have investments that are dependent on high interest rates. Inflation may go down but prices don't. In order to see the damage inflation does, you have to compare today's prices with yesteryear's prices. In many cases prices do not go down, once raised. Creating a personal budget for the year damaged by high inflation rates for retirees on a fixed income means cutting luxuries in order to pay for necessities. Like someone else said, inflation going down, does not mean costs go down. It just means that increases level off, but they do not go back to pre-inflationary prices. I am happy for those that have investments dependent on the stock market when inflation means interest rates go up, that doesn't help everyone else. Damages caused by inflation hardly ever repairs itself. I don't applaud a 3.3% inflation rate, when the damage from accumulated inflation for the last three years will take years to rebound from.
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  #59  
Old 06-13-2024, 07:42 AM
Keefelane66 Keefelane66 is offline
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So, employee-owned Publix is a corrupt corporation?
No but they are obviously marking up prices.
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Old 06-13-2024, 08:57 AM
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Originally Posted by Keefelane66 View Post
No but they are obviously marking up prices.
I kind of relate to them as Wegmans up north. They are higher priced, but I don’t feel like traveling a lot for groceries.
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