Talk of The Villages Florida

Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, Non Villages Discussion (https://www.talkofthevillages.com/forums/villages-florida-non-villages-discussion-93/)
-   -   Inflation Up (https://www.talkofthevillages.com/forums/villages-florida-non-villages-discussion-93/inflation-up-355093/)

tophcfa 12-11-2024 01:09 PM

Quote:

Originally Posted by CoachKandSportsguy (Post 2392733)
this 2020's inflation period was transitory, though a bit longer than the federal reserve had hoped, the inflation of the 70s was not transitory like this, but was more relentless because the cost of crude and derivatives usage was very, very inefficient as compared to today, and there was a much higher mfg demand for energy than today. .

So the 70's inflation is still the boogie man in many boomers memory and are still haunted to this day. . see the decade of dave's post above for confirmation

Big difference between then and now for savers is that back in the day you could buy a 10 year treasury bond yielding 15.75 percent to help offset the pain of inflation. When our country, and it’s general population, weren’t strapped with unsustainable debt, the federal reserve was actually able to take adequate measures to effectively combat inflation.

KAM+6 12-11-2024 01:17 PM

Quote:

Originally Posted by manaboutown (Post 2392752)

Egg prices are due mostly because laws were pasted that hens must be cage free. And bird flu that wiped out millions of hens. On top of that, feed prices went up. AMA for years, was promoting eggs as the enemy and not to eat them. All BS as eggs are high protein and no calories. So demand outweighs supply.

Road-Runner 12-11-2024 01:19 PM

Quote:

Originally Posted by manaboutown (Post 2392752)

Haven't you heard, "this 2020's inflation period was transitory, though a bit longer than the federal reserve had hoped". So there is no inflation now, it was just transitory...

Stu from NYC 12-11-2024 01:25 PM

Quote:

Originally Posted by CoachKandSportsguy (Post 2392700)
per macro analyst this morning on Bloomberg, Dr. David Kelly, Chief Global Strategist for J.P. Morgan Asset Management.

Inflation is currently a rich person's problem, where the bulk of the inflation is in high end services

For the poors, gasoline is down, and shelter costs coming down.

Gas is still fluctuating up and down week to week.

Food both groceries and restaurants still going up. Very understated

CoachKandSportsguy 12-11-2024 03:37 PM

Quote:

Originally Posted by Stu from NYC (Post 2392772)
Gas is still fluctuating up and down week to week.

Food both groceries and restaurants still going up. Very understated

food can be very regionally affected. The CPI is for all USA, alaska, hawaii, and continental US. . . So it's a number which includes a very huge area with lots of variations through out the sampling.

hard products like this, the CPI is pretty good estimate. Within services, it's a dumpster fire of a sampling process. Owner's equivalent rent is the worst dumpster fire with health insurance next.

so what's your egg spending as a percentage of total spend??
versus insurance and taxes??

I know people have individual pain points and cherry pick examples to suit their own biases, but eggs? one carton lasts two weeks for us, = 24 max cartons per year, which = $100 +/- not significant. . breakfast or lunch at any non fast food joint is easily $20 per person, $25-30 if hungry with tip. . .

That's all labor inflation from increasing minimum wage to compete for labor and mandatory labor rates. .

not to be argumentative, and its not that these numbers are perfect, its that they are what the government and lots of decisions are made on. . government and private decisions using the best information possible. .

Gas buddy analyst, gas prices are the lowest in several years across the country. . .
yeah, stations play games with customers, inventory, expected increases, etc. but gas prices on an inflation adjusted basis, very, very , very cheap.

Topspinmo 12-11-2024 05:48 PM

Quote:

Originally Posted by CoachKandSportsguy (Post 2392700)
per macro analyst this morning on Bloomberg, Dr. David Kelly, Chief Global Strategist for J.P. Morgan Asset Management.

Inflation is currently a rich person's problem, where the bulk of the inflation is in high end services

For the poors, gasoline is down, and shelter costs coming down.

Most very poor don’t own vehicles so no need for gasoline.

Topspinmo 12-11-2024 05:51 PM

Quote:

Originally Posted by CoachKandSportsguy (Post 2392817)
food can be very regionally affected. The CPI is for all USA, alaska, hawaii, and continental US. . . So it's a number which includes a very huge area with lots of variations through out the sampling.

hard products like this, the CPI is pretty good estimate. Within services, it's a dumpster fire of a sampling process. Owner's equivalent rent is the worst dumpster fire with health insurance next.

so what's your egg spending as a percentage of total spend??
versus insurance and taxes??

I know people have individual pain points and cherry pick examples to suit their own biases, but eggs? one carton lasts two weeks for us, = 24 max cartons per year, which = $100 +/- not significant. . breakfast or lunch at any non fast food joint is easily $20 per person, $25-30 if hungry with tip. . .

That's all labor inflation from increasing minimum wage to compete for labor and mandatory labor rates. .

not to be argumentative, and its not that these numbers are perfect, its that they are what the government and lots of decisions are made on. . government and private decisions using the best information possible. .

Gas buddy analyst, gas prices are the lowest in several years across the country. . .
yeah, stations play games with customers, inventory, expected increases, etc. but gas prices on an inflation adjusted basis, very, very , very cheap.


Just cause crud oil goes up down like rollercoaster (do to futures stock trades) don’t mean other commodities will go down ever IMO, sure might drop few cents but NEVER drop enough to make differences.

JMintzer 12-11-2024 09:20 PM

Quote:

Originally Posted by CoachKandSportsguy (Post 2392817)
food can be very regionally affected. The CPI is for all USA, alaska, hawaii, and continental US. . . So it's a number which includes a very huge area with lots of variations through out the sampling.

hard products like this, the CPI is pretty good estimate. Within services, it's a dumpster fire of a sampling process. Owner's equivalent rent is the worst dumpster fire with health insurance next.

so what's your egg spending as a percentage of total spend??
versus insurance and taxes??

I know people have individual pain points and cherry pick examples to suit their own biases, but eggs? one carton lasts two weeks for us, = 24 max cartons per year, which = $100 +/- not significant. . breakfast or lunch at any non fast food joint is easily $20 per person, $25-30 if hungry with tip. . .

That's all labor inflation from increasing minimum wage to compete for labor and mandatory labor rates. .

not to be argumentative, and its not that these numbers are perfect, its that they are what the government and lots of decisions are made on. . government and private decisions using the best information possible. .

Gas buddy analyst, gas prices are the lowest in several years across the country. . .
yeah, stations play games with customers, inventory, expected increases, etc. but gas prices on an inflation adjusted basis, very, very , very cheap.

For most people in TV, eggs are minor expense, since we're not the "typical family of 5"...

For those people, it's a significant cost...

dewilson58 12-11-2024 10:00 PM

Quote:

Originally Posted by JMintzer (Post 2392896)
For most people in TV, eggs are minor expense, since we're not the "typical family of 5"...

For those people, it's a significant cost...

Us...............maybe a dozen per month.
:shocked:

tophcfa 12-11-2024 10:34 PM

Quote:

Originally Posted by Road-Runner (Post 2392770)
Haven't you heard, "this 2020's inflation period was transitory, though a bit longer than the federal reserve had hoped". So there is no inflation now, it was just transitory...

Transitory, what a load of BS. I hate terms that attempt to deceive people into believing a fictitious agenda. The inflation we are experiencing is permanent and significant. Real meaning, prices make a transitory shift from much lower to very expensive and permanent.

Bill14564 12-11-2024 10:43 PM

Quote:

Originally Posted by tophcfa (Post 2392912)
Transitory, what a load of BS. I hate terms that attempt to deceive people into believing a fictitious agenda. The inflation we are experiencing is permanent and significant. Real meaning, prices make a transitory shift from much lower to very expensive and permanent.

Is inflation still at the 5%/6%/7% level or has it come back down?

At what time in the past 40 years have overall prices decreased?

Cuervo 12-12-2024 05:47 AM

Inflation is going to continue, it might level off every now and then but before you know it, it creeps in again. Compare the income in the fifties when an employee was making a $100 a week and was making ends meet, today that person would be homeless. There are a number of factors that control inflation. Supply and demand, companies that become cooperations which have to satisfy their management and their investors which today is usually us, employee shortages. It's a balancing act, the population grows to fast it causes inflation, the population grow to slow it cause inflation. Though most of us want to pin this on one fall guy, it's truly a combination of factors.

Sparky99 12-12-2024 06:11 AM

For now, he will come back as his situation improves.

ithos 12-12-2024 06:15 AM

Looks like Congress needs to pass a sequel to the Inflation Reduction Act.

Inflation Reduction Act | U.S. Department of the Treasury

Caymus 12-12-2024 06:18 AM

Quote:

Originally Posted by ithos (Post 2392942)
Looks like Congress needs to pass a sequel to the Inflation Reduction Act.

Inflation Reduction Act | U.S. Department of the Treasury

Not a sequel but an antidote.:smiley:


All times are GMT -5. The time now is 06:18 PM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Search Engine Optimisation provided by DragonByte SEO v2.0.32 (Pro) - vBulletin Mods & Addons Copyright © 2025 DragonByte Technologies Ltd.