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User Info Honey, What's That Smell? in forum [Market-Ticker]
Tickergroupie
Posts: 797
Incept: 2010-03-24

Oklahoma
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The streets in our neighborhood are unusually quiet. I barely see an Amazon vehicle these days and less of UPS and FedEx as well.
I can almost hear the wallets slapping shut...
Joancrawford
Posts: 228
Incept: 2013-10-14

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Aquapura-One thing I always look at when I fuel up is what the last guy paid. There have always been a lot of $10 even, or other even dollar amounts under $20. Who does that other than people without any extra cash to pay.

Ummmm, that would be ME. You see, I have a tendency to top off my tank when prices are low at the pump (and yes, I'm a child of the '70s, so this is round 2 for me). About two miles from my home, is a quick mart owned by a (surprise) Indian dude. Said Indian dude has two vintage 1980 gas pumps (pre digital screens, rotational numbers, ding,ding, ding, type of thing). Gas there is always about 10 cents a gallon cheaper than elsewhere. No CC accepted. I go in, give the man a ten spot
(or twenty, as the case may be) and go pump the gas.

And so it goes...in other news....




At the stores (grocery, etc) I get the "Wouldja like to round that off today to help the 'Save the ........'?

I'm usually polite and instead of saying, "F*CK NO!" I simply shake my head in a lady like fashion and demurely say, "Not today, thanks."

The only ass I'm interested in saving is my own and my immediate family. Everyone else can F*CK off".

Let's see, up until now, you've managed to:

Delegitimize my vote.

Destroy savings I've spent a lifetime working to build.

Bastardize my food so that I probably have more chemicals inside my body than the Love Canal (again with the '70s sheeit).

Burned to the ground any and all progress we achieved on race relations by pitting everyone against whites, most specifically heterosexual, white males.

Shut down the entire country and forcibly destroyed small businesses for a manufactured virus that was a bit more serious than the seasonal flu.

I hate you. I look back on my almost 60 years on this planet and I cannot believe the amount of damage we've been subjected to in the past 10-12 years.

Let me reiterate: I HATE YOU! I will do everything in my power to make sure that when I go down on this ship, I'm taking as many of you mother f*ckers with me. May you all burn in eternal HELL!









Perverted traditional values to such an extent that we have now a Supreme Court Justice who cannot define what a woman is, despite being hired for having a brown vagina.

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Don't f*ck with me fellas! This ain't my first time at the rodeo.

America-it was a good run while it lasted. RIP!
Windellmc
Posts: 93
Incept: 2012-02-26

Indianapolis
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You cant even build electric cars without fossil fuels. Kiss anything rubber or plastic goodbye. Natural rubber could be sourced to replace synthetic rubber parts but kiss all plastics goodbye. You cant mine the materials to make the batteries or magnets either without diesel.
Davkj1
Posts: 955
Incept: 2008-10-13

North of Sodom
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Quote:
Food is up 9.4% for the last 12 months, a figure last eclipsed in April 1981.

That's the official number which we all know is BS. It's much, much higher. I've seen at least 30% on protein (chicken, beef). Eggs have skyrocketed, easily up 40%. Oddly the only thing that seems to have gone down is bacon, which is close to normal pricing again.
Edward.fish
Posts: 197
Incept: 2021-12-17

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Ib0 wrote..
The last time the US had budget surplus was 2000 and 2001:
https://www.statista.com/statistics/2004....

Tickerguy wrote..
We did not have a budget surplus (or balance) in 2000 and 2001.

@Ib0 -- @Tickerguy is correct; as I recall the whole "surplus" bull**** was a creative PR redefinition of the word so that not overspending as much as they thought they would be was considered 'surplus'... that's right, it would be like planning to put $1000 of purchases on your credit-card, only put $800, and then declaring that you'd made $200 from that.

As to giving them the will/motivation, allow me to suggest that such might be done with an executive order. Simply disallow paying "on the credit-card", and then declare "Leaders Eat Last" and pay (other government) employees and debts first, then when money runs out, simply tell congress: "Money ran out, we are not altering your pay, but you will be paid after all outstanding debt has been redressed. " -- If the courts can declare that X years isn't a violation of the right to a speedy trial, then Congress has no leg to stand on.

See the answer to "What is the average length of a criminal trial?":
https://www.avvo.com/legal-answers/what-....

They lack the will because they lack the motivation, they lack the motivation because they lack any consequence for addressing it... so, ultimately, the solution is to give some consequence.

IOW, motivate them to actually address the problem.

Reason: Fixing quote-formatting.
Greenacr
Posts: 481
Incept: 2016-03-15

Northern Ohio
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@ Kontrolkaus "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."

Canned goods are okay to eat for a long time past their expiration date as long as the can has good integrity (The lid has not puffed out) and there is no corrosion on the can.

No joke here but while in the service from 1979 - 1989 I on occasion was forced to eat C-rations circa WWII. Alot of that was canned and never got sick.
Invisiblesun
Posts: 509
Incept: 2020-04-08

Maryland
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Jerome Powell and friends can cooperate with Mr. Market or fight it the whole way down.

I don't watch CNBS so fill me in. What stocks are the shillers pushing that benefit from financial insolvency?
Grevmojo
Posts: 54
Incept: 2021-09-16

Northern Alabama
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@Dxd1200.

You might want to look at Aldi if you have it in your area. I've done my shopping there for years and get what I need for a lot less than Kroger/Publix etc. Stores vary from each other a lot. Can be nice, clean, organized or look like hell. You can't get everything you might want there, but you can get a lot and then supplement with the other more expensive stores.

Boneless/skinless breast of chicken has remained $1.99/lb!
Radiosity
Posts: 933
Incept: 2009-03-05

Sunny UK
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Eoinw "Unless fleeing to New Zealand counts as a second stroke of genius."

I'd be happy with just one stroke, if you know what I mean.
Clay3482
Posts: 1899
Incept: 2008-11-13

Alaska
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Do you remember what the very 1st act was that Biden did as president.

That and everything relating to it has to be reversed and passed by congress into law so that it is not at the whim of executive order for this to stop and turn around.

Then the fed has to raise rates enough that instead of speculation you get real investment into savings and tangible infrastructure that has a real payback in dollar value under the amount of time that said investment could double in a risk free savings account.

The entire current economy is based on corruption and theft where a portion of the cost is shared or sent to other parties. Whether it be healthcare, Netflix, apple, Facebook, green energy, etc

All of it, if it had to stand on its own, without the ability to cost shift, or export slave wages, or export environmental damage, or rely on protection from competition, or rely on tax rebates etc etc

Look at the economy and try to identify 25% of GDP that is truly self supportive. The only one that is even close was attacked by Biden in his first act as president, and has been the favorite whipping post for the woke and Liberal minded for decades.

Until the lies, corruption, and mal-investment stop we will continue to decline to 3rd world status. Eventually when thd vast majority have lost everything they will start to think fir themselves and use their brain for ways to get out of the current problem and actually listen to debate and reason from people that is on the other side of the current direction of policy and a course change can take place. I hope it doesn't take as long as the Russian people took but it might. If it does, doesn't matter how much you stock up as it ain't going to last 80 years.

Fixing the problem is the only solution, not avoiding it.
Clay3482
Posts: 1899
Incept: 2008-11-13

Alaska
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You can even go back to Trump as well. One of his main points he ran on was to tackle the monopolies in healthcare andcthat disappeared on election night.

While it was a different bad guy than what Biden is at war against, it would have at least had him 2 terms in office and we would not have had the *****-19 debacle.

Do the right thing and stop feeding the beast. Who is John Gault?
Kgmqt
Posts: 261
Incept: 2013-08-19

Minnesota
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Quote:
Trip to store yesterday for razors, deodorant, conditioner, gel, shaving cream, and body wash...


Oh look what I save by being able to WFH.
Prof_dilligaf
Posts: 228
Incept: 2021-09-02

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"which will only happen if and when the government ceases its war on fossil fuels"

So we're perma-****ed on that one.


"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."

Electric is a bad joke for almost everything bigger than a stove, I'd go into further detail, but it's time to play Hoke Colburn again.
Patentleathershoes
Posts: 10799
Incept: 2007-09-13
A True American Patriot!
On the Daisy Chain
Online
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The price of my oil change went from 58 to 116 which is right in line with double the gas prices compared to last year.

A large package of TP is now 32 here.

Also, I am beginning to see "price drop" notifications come through on Redfin. It's happening quickly in the real estate area.

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"An unborn child's property rights are protected by law. His right to life is not." Ronald Reagan
Bakerv
Posts: 486
Incept: 2021-04-21

Florida
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Last week I took a picture of the cat food aisle while at the Dixie. Came home and showed it to the two cats, brothers they are. Not a single can to be seen.

One started hissing and spitting and running around the house like a maniac. the other one got up went to the door and I let him out. He promptly went out caught a fat ass squirrel and sat down to a nice afternoons entrails delight.

There's a message there somewhere.

Disgusted
Posts: 308
Incept: 2021-07-20

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Here's "a little inflation" for ya. Working on a project at home and been mixing concrete. Last cement I bought a couple weeks ago, 94 pound bag of Portland $12.50. Just went to get some more, $19 a bag. Nothing to see here. The cost of a house slab just went up by a mile. Not to mention block and stucco. I'd like to get a funnel and jam a whole 94 pound bag down the Pants ****ters throat, add some water; then kick him out of a plane at 30,000 feet and see how hard he hits the ground.
Andrew
Posts: 52
Incept: 2014-09-24

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I love how the folk defending Clinton back in the 90's note "a budget surplus" when the only way to ponder it was using fictional or creative accounting.
The same type that'd get one tossed in the slammer.
At least that's what I gathered out of it.
There hasn't been an actual "budget surplus" in a long time.
Dingleberry
Posts: 362
Incept: 2011-11-06

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Inflation is over 20%, and that is not even remotely exaggerating. Between product shrinkage, higher prices, cheaper materials and ingredients.....this CPI number is pure, unadulterated bull****tery.

Our own border is collapsing, legions of new mouths (and democrap voters) about to pour into our welfare system, and yet we can find 36 billion to launder in Ukraine (remember 10% goes to the big guy).

We are doomed.

But I take some solace in the fact that those who think lunches are free (you know the demographics) are going to get hit the worst.

I say bring it.
Bakerv
Posts: 486
Incept: 2021-04-21

Florida
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@Disgusted "Last cement I bought a couple weeks ago, 94 pound bag of Portland $12.50. Just went to get some more, $19 a bag"

Damn. I have ten eighty pound bags sitting in the shed that I bought two years ago for a fence that I've since changed my mind on.

Probably doubled my money at this point.
Moconserv
Posts: 131
Incept: 2013-02-13

Central Missouri
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@ Dingleberry..... do undocumented border crossers taste like chicken? Asking for a friend.

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Beyond pissed.....
Mannfm11
Posts: 8091
Incept: 2009-02-28

DFW, Tx
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@Zappafan: That is just the start of it. Only a recession is going to stop the trainwreck THEY CREATED IN THE OIL MARKETS

Look at what is happening. Biden is pouring a million barrels a day into a dwindling river of oil. China is shut down in large consuming areas. Where would oil be if these 2 things weren't happening? $150 a barrel probably. We have refinery problems, short 1 million BPD capacity from 2019. You can bet something out of the EPA is holding that up. They haven't shut Russia out yet. $235 a barrel isn't out of the question.

They want to sell electric cars, solar panels and windmills. I'm seeing a lot of Teslas around here now and we have a hot summer on the way. We are looking at a 5 day trip across the desert with a 3 day water supply. The electric will likely have problems this year.

We haven't seen food yet. I buy a little extra every time I go shop, picking up stuff on sale. I'm reading stories there is going to be a problem in coffee. I can probably hold out until the end of next year. I remeber beans going above $4 in 1976. Price adjust that. $30 for a pound at Starbucks or more. Lets just say I have a glut and one decision I don't want to make is to forego coffee.

We haven't seen this mess work its way through the economy. We are still paying last years diesel, last years grain.

We still don't know about the currency markets. The dollar is still strong, because the other currencies are a disaster. The Euro is probably dying a slow death. Japan has been destroyed by its banks. The Swiss? They would be a good first target for Putin, with the global criminal network being operated there.

Lastly, off the subject. Evidently Biden is going to grant WHO the power to take over the world. This should be challenged, as I don't believe it is within the power of our government to cede authority. They might as well be executed at sunrise Thursday. Nothing happens by mistake. These people are like giving a 3 year old a baseball bat to swing in a glass shoppe.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Sane
Posts: 310
Incept: 2021-10-06

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Clay3482 wrote..
we will continue to decline to 3rd turd world status

Fixed your spelling.
Franco
Posts: 284
Incept: 2009-10-06

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Is there a reliable measurement of price inflation that takes into account regular working people's usual needs such as paying rent/mortgage, buying a car, fixing the car, fixing things that break in the house, replacing an appliance, buying food and fuel, paying for health "insurance", etc? The official government number is running at near 9%/year but most on this site claim that it's much higher. Surely somebody must keep an index that's honest and doesn't play bull**** games with hedonic this and substitution that.
Flappingeagle
Posts: 4565
Incept: 2011-04-14

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I have been thinking about two issues recently.

1. The effects of our response to Russia invading Ukraine reminds me of our response to 9/11. We did more damage to ourselves with our responses than the initial act ever did.

2. Take everyone in America and divide them evenly into 10 groups based on their economic status. Then, think about what happens if inflation is understated by 0.5% a year for 40 years. (A representative working life.) By the time someone retires they are 20% behind which, looking back at our 10 groups is probably good for two steps downward from where they would have been had there been an accurate accounting for inflation.

Flap

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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
No sign that housing, equities, or farmland are in a bubble- Yellen 11/14/13
Trying to leave the Rat Race to the rats...
Rufust445
Posts: 917
Incept: 2007-08-11

Emerald City
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Kontrolkaos wrote..
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.
In spite of the other insanities going on in the 1930's, one wise move by European governments was to start taxing like hell on gasoline and engine size. Funds from those increased taxes were used to develop public transportation to further reduce dependence on imported oil.

After drilling the hell out of Europe in the 1920's, no major reserves were discovered like those in this country. Europe has never been self-sufficient in oil, like the U.S. was until 1953.

As for this particular wave of inflation, Americans have had 48 years to think about previous waves of inflation, going back to the Oil Embargo of 1974. The responses have been mostly willful ignorance.

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"The stock market isn't bullish, it's bull$hit." -- Alan King
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