guys we are fucked
guys we are fucked
swing your fucking sword.
Bob's Redmill Hemp Hearts went up $2 since I bought them last (3 weeks ago).
Things are getting crazy.
At least the prices at the cannabis store haven't gone up and they are still offering Covid discounts.
“When you see something that is not right, not just, not fair, you have a moral obligation to say something. To do something." Rep. John Lewis
Kindness is a bridge between all people
Dunkin’ Donuts Worker Dances With Customer Who Has Autism
Zinc, copper, tin and aluminum have shot up like crazy this week. Zinc at a 14 year high.
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Inflation is a Bitch
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^^^ That belongs in the first world problems thread.
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Shit I get A5 Kobe for $105. $180 for Wagyu?
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Meanwhile my wife insists on buying shitty steak from Grocery Outlet. She'd get used groceries from the thrift if there was such a thing.
Ahh ok. Makes more sense. I will say the steak game has gotten crazy the last few years. Suddenly high end steak houses “standard” $65-$80 steaks are all wet aged. Any decent dry aged steaks are $100+. And there is a specialty market for super aged, as long as 1 year, that are going for $200-400 in restaurants and up to $200 a lb in butcher shops. I feel like A5 Japanese is now “pedestrian” in some circles.
Men comparing their meat. A tale as old as time.
https://www.cnbc.com/2021/11/10/cons...x-october.html
U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years
“ Food prices also showed a sizeable bounce, up 0.9% and 5.3% respectively. Within the food category, meat, poultry, fish and eggs collectively rose 1.7% for the month and 11.9% year over year.”
Everything is fine. This is all transitory. No problems. It's just a supply issue. No need to raise interest rates. We'll just keep the rates low and think about maybe slightly dialing back our quantitative easing maybe at some point in the future. But for now, just remember that interest rates and monetary stimulus definitely aren't causing inflation.
...right?
Maybe not.
I can't see sustained inflation with the demographics, globalization, and new tech still rolling in. It ain't the 70s, when every major union just negotiated a new, inflation covering contract every three years, and corporations just threw the white flag and followed along.
Right. It IS a supply issue. A pandemic fueled increase in the amount of disposable income ( free money and a year f not being able to spend it all) and the pandemic fueled decrease in the amount of goods and services available. Question is how to attack inflation to mitigate it. Decrease money supply or increase the supply of goods.
I aced my MBA level Macro course at my oral final and only went to 5 classes all year. So I must be a savant.
A few people feel the rain. Most people just get wet.
Hard money people pissed there wasn’t enough pain for poor(er) people. I mean if you are gonna swing dicjs that all your bros are making 20-30% more and the job market is on fire look in the fucking mirror at the problem don’t blame the cost of fucking milk.
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