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User Info Honey, What's That Smell? in forum [Market-Ticker]
Comrader
Posts: 599
Incept: 2010-06-10

pa
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Rufust445, when I started my first job after high school in 1970 I worked with a gentleman that was raised during the depression. He shaved with a double edge razor and after each shave he took the blade out, rinsed it off, turned it over and reinserted it. He claimed that he got over 1 year out of a single blade! I didn't have enough facial hair at that age to make it worth trying. I learned a lot from this guy that may become necessary in the coming years.
Jw.
Posts: 441
Incept: 2019-10-10

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@Phdmemeology you forgot the exchange rate. You are paying $6.12 a gallon in USD.

I paid $6.15 a gallon for mid grade unleaded the other day... I expect to pay a little more today. I had been right around $5.85 a gallon since things jumped up, this weekend they scaled it up between 30 and 50 cents a gallon.
Heartlander
Posts: 1635
Incept: 2021-02-25

Kansas
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After years of observation and analysis, the hermeneutic I've arrived at for understanding The Powers That Be is this:

They Hate Us and They Want Us to Die.

Jw.
Posts: 441
Incept: 2019-10-10

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I have zero faith that anyone in DC is going to slow the filling of their wallets with free money, in fact, the more they make their own money worth less the faster they will keep filling their pockets.

It seems pretty clear that destroying the dollar is the intent, because they sure as **** are not doing anything to stop what is happening.
Heartlander
Posts: 1635
Incept: 2021-02-25

Kansas
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@Quietrally
Quote:
Given the actions of Congress and the White House of late, civil unrest seems almost inevitable.

Remember who their boss is : Xi Jinping. That's who runs the whole show. Of course civil war is coming. How else to complete the takeover?
Tickerguy
Posts: 183871
Incept: 2007-06-26
A True American Patriot!
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They sure are doing a GREAT job of "destroying that dollar!"

Anyone saying something that stupid needs to STFU now and forevermore.
Inline

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Civil Society requires 99%+ consent.
Stop consenting and it is forced to stop. Always.
No violence required.
Zappafan
Posts: 6370
Incept: 2007-11-30

Atlanta
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These gas and diesel prices are not gonna help the glorious effort to corral office workers back.

Watch CMBS **** the bed!

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We're Sargeant Ponzi's lonely hearts club band
We hope you have enjoyed the pump
Sargeant Ponzi's lonely hearts club band
Don't think you will enjoy the dump!
Kontrolkaos
Posts: 112
Incept: 2021-09-13

the bar on the strand
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The oddity is that DXY, the USD index has *risen* to a new high at a level last seen in 2002. So whatever is happening out there hasn't reflected back to this index and the corresponding exchange rates. Look at recent performance of EUR, GBP and JPY. Meaning overseas holders of debts denominated in USD are really getting it up the ass. Seems they didn't teach currency risk in business school, did they? Something else is at work here. Easiest to say they're measuring different things and USD is still the least sick major currency around. Even after that Russian reserve confiscation.

Dunno, all I know is I stuffed my freezer last year, now it's getting emptier and I'm facing the ugly prospect of stuffing it back up again at today's and tomorrow's prices.

I keep non-perishable canned foods around for emergencies. About once a year, I note the expiration dates, donate expired items to the local food bank and look for sales to replenish. This year I was surprised to see how many late model nicer cars were in line for the food bags being handed out.

There is a favorite dance venue that reopened not long ago. But it is about 40 miles away. Plus they raised the cover charge; that on top of more expensive gas to get there. I used to go one Saturday a month; now it is going to be one every two months. So the cost of a good time has gone up with everything else. To be followed by another cut in discretionary spending. Multiply that cut by tens of millions of similar decisions and the effects on discretionary total spend (and associated stocks) will be brutal.

Heartlander
Posts: 1635
Incept: 2021-02-25

Kansas
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@Baltgayveteran
Quote:
MILLIONS of chickens and turkeys being killed. After *****, does anyone trust the PCR test for bird flu?

So is the whole bird flu thing a con?
And does it relate to the dozens of recent major fires and explosions at food-processing plants?
And does it relate to the continued shutdown of the nation's largest baby-formula plant?

They Hate Us and They Want Us to Die.

Who is "they"? China, of course. (And their billionaire globalist "overpopulation"-obsessed fellow travelers.)

Well, how did we think China was going to defeat us? With an actual military invasion? Please. That is so 20th-century.
Moconserv
Posts: 131
Incept: 2013-02-13

Central Missouri
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@ Kontrolkaos - wife and I focus on KEEPING the freezer(s) full. Purchase price is one thing, inability to actually purchase (food) is quite another. We are very price conscious, watch the managers special cooler for "use or freeze today" proteins, family packs, etc... Dry goods and non-perishable items we buy & store 6 mos. worth at a time. It's a habit that takes getting used too but so far has paid dividends. We also eat per Karl's food pyramid so dollar to nutritional value is maximized. Don't know if it's what is right but is what we do. FWIW

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Beyond pissed.....
Packetcap
Posts: 251
Incept: 2021-07-23

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Speaking of diesel, the streets in my community are being repaved over the next two weeks. I've been watching asphalt milling machines grind down the existing road surfaces.

There is no way this kind of equipment will be converted to electric. How are you going to recharge something the size of a tank? Truck it back to a charging facility? What kind of range will an electric truck towing a 60,000lbs tracked vehicle get going uphill?

That high priced diesel touches everything people don't normally see.
Bzelbob
Posts: 230
Incept: 2021-09-12

Jacksonville
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Once again Karl absolutely nails it. smiley

Quote:
I do not care how you "feel" about the issues related to the use of fossil fuels, the simple reality is that without them you have
no fertilizer,
no food and
nothing in the store
so all of the claims of virtue you issue will make you broke or even cause you to starve.

Ashes to ashes, dust to dust
Unlike the "creeping death" of inflation, the price of Diesel rising will likely bring Death at full gallop, followed at midnight by Cthulu...

"Do not call up that which you cannot put down." - Lovecraft

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"Threats are illogical. And payment is usually expensive." - Sarek of Vulcan
Edward.fish
Posts: 197
Incept: 2021-12-17

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Susanlauren wrote..
Umm. At what point are folks going to come to the conclusion that it is pointless to work?

@Susanlauren -- I mean, I pretty much did after getting fired in November: the whole rigamarole of searching for jobs & filling out applications for hours and hours a day, only to be filtered out, and then for the rare interviews having the employer ghost you, well... I've already been there and done that, and that was before the Trump Recession, where the shutdowns killed off the small- and medium-businesses, flooding the job-market with qualified people.

I ended up taking a min-wage job cooking; yeah, if prices keep inflating, I'll be out of a job again... at that point? Only God knows.

Synopsis wrote..
Quote:
You WON'T get the raises.

Exactly. So the prices will have to come down.

@Synopsis -- What about "those in power hate you and want to see you dead, and if not dead then castrated and enslaved" do you not get?
Rufust445
Posts: 917
Incept: 2007-08-11

Emerald City
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Smacktle wrote..
@Rufust445, you mean the plastic ones my wife uses to shave her legs?
The ones on the men's side of the display that make up the bulk of razor sales.

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"The stock market isn't bullish, it's bull$hit." -- Alan King
Edward.fish
Posts: 197
Incept: 2021-12-17

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Ib0 wrote..
Is congress even capable of reducing spending?

@Ib0 -- Of course they are.
They merely lack the will... the motivation to do so.

Eoinw wrote..
Ireland exported beef to England throughout the famine. One million Irish starved to death. Another million fled the country. Yet it was business as usual for the Absentee Landlords and the Big Business interest.

@Eoinw -- At this point I fully expect Holodomor (manufactured starvation), and the government's response will be to wring their hands hoplessly, bemoaning that they can't do anything because the food was contracted to be exported for the camera... all the while hiding a derisive snicker for the "stupid" "little-people".
Jw.
Posts: 441
Incept: 2019-10-10

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Yeah, i'll readily admit I don't know crap about this stuff.

How is it that our buying power as USD holders has been destroyed yet the dollar remains fairly level for the last six to eight years? And how does the printing of money not reduce the value internationally, is there so much printing going on in the other currencies to offset ours? Will the inability to offshore debt effect the dollar on that graph? I have no idea why these things are not connected.

Is there anything that I can read to understand how these items work?
Aquapura
Posts: 2954
Incept: 2012-04-19

45th parallel
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Quote:
I've been watching asphalt milling machines grind down the existing road surfaces.

There is no way this kind of equipment will be converted to electric.

They won't, of course. We will have to go back to cobblestones laid down by hand. There are still some roads around that have this. Well over 100 years old now and still is damn good shape even with all the freeze/thaw cycles.

Electric is a chimera for transportation for many reasons but there are many industrial uses of liquid fuel that I don't think even the most ardent greenie can claim electric as an alternative for.

Over time I believe people will learn to live with high fuel prices but you know what that means? A much smaller world for most people.
Davinci
Posts: 32
Incept: 2021-10-12

VA
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@Aquapura I have noticed the same thing. A couple of weeks ago I pulled into a gas station and EVERY pump had an even-dollar amount as the most recent sale.
Sane
Posts: 310
Incept: 2021-10-06

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JW wrote..
is there so much printing going on in the other currencies to offset ours?

Yes.
Eoinw
Posts: 78
Incept: 2021-07-14

Canada
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@ Heartlander

I agree 100%. They're like the European aristocracy of medieval Europe. They view everyone else as beast of burden. They're happy to tolerate and use of. As for caring about us, only fools(lots of them!!!!) believe that.

The best we can hope from them is indifference or contempt. But the moment they feel threatened by us they shall attempt to eliminate that threat.

The "*******s" were a stroke of genius. However one initial smart move does not win a game of chess. I doubt they have a second moment of brilliance in them. Unless fleeing to New Zealand counts as a second stroke of genius.
Jw.
Posts: 441
Incept: 2019-10-10

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In terms of bonds, the lower the interest rate the lower the yield the stronger the dollar.

If other countries create debt and print money at a faster rate than us the dollar gains traction against other currencies.

If other countries hold dollars the value of our dollars goes up.



Do we really need to rely on other countries going to **** faster than us to stay on top?

This whole system seems destined to fail completely at the rate things are going (not just the dollar, it seems likely we could float near the top of the cesspool as everyone slides to the bottom).

We're raising the interest rates to prevent a full blown recession. Seems we've done our reserve status as disservice by taking money from people who we "cancel" internationally. The only positive is that it would appear other countries (mostly European) will need to be creating debt in order to keep ahead of energy issues and the war with Russia.

Are we looking at a global financial collapse?
Ib0
Posts: 21
Incept: 2022-02-23

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@Edward.fish

The last time the US had budget surplus was 2000 and 2001:
https://www.statista.com/statistics/2004....

According to above chart, there's 1.4 trillion / year deficit projected
for the next 4-5 years.
Kontrolkaos
Posts: 112
Incept: 2021-09-13

the bar on the strand
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Aquapura wrote..
Over time I believe people will learn to live with high fuel prices but you know what that means? A much smaller world for most people.


Europeans have long lived with higher gasoline prices than us due to the much higher gas taxes they have to put up with. Witness the prevalence of smaller cars over there.

That said, I think the lower half of the US population is woefully underprepared to deal with this particular inflation along with the inflation in their food prices.
Proverbs16.33
Posts: 98
Incept: 2021-10-22

WNC Foothills
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It's interesting, the small, local country gas stations where I am usually adjust prices once a week, and are usually 10-20 per gallon higher than the cheapo stations in town. However now it's the opposite, if you time things right, they are cheaper for half the week until they raise again. So today on the way home I will be stopping there to save my whopping ~$2 on the fill up.
Tickerguy
Posts: 183871
Incept: 2007-06-26
A True American Patriot!
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@Ib0 - We did not have a budget surplus (or balance) in 2000 and 2001.

----------
Civil Society requires 99%+ consent.
Stop consenting and it is forced to stop. Always.
No violence required.
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