Inflation Beyond the Stars Thread for April 12
invite response
2022 Apr 12, 12:49am 105,488 views 1,071 comments
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1033
zzyzzx
2024 May 7, 5:11am
zzyzzx
2024 May 7, 5:11am
https://www.news.com.au/lifestyle/food/consumers-unleash-their-anger-over-the-shrinking-size-of-a-favourite-chocolate-bar/news-story/556f35d43fbc65d42945ff6dae434828
Consumers unleash their anger over the shrinking size of a favorite chocolate bar
Consumers unleash their anger over the shrinking size of a favorite chocolate bar
1034
zzyzzx
2024 May 7, 7:39am
zzyzzx
2024 May 7, 7:39am
https://finance.yahoo.com/news/retailers-jacked-prices-squeezed-consumers-180028231.html
Retailers jacked up prices and squeezed consumers. They might have just blinked
Retailers jacked up prices and squeezed consumers. They might have just blinked
1035
Patrick
2024 May 7, 10:58am
Patrick
2024 May 7, 10:58am
https://www.coffeeandcovid.com/p/fiery-lessons-tuesday-may-7-2024
But then, blowing up its own argument in mid-sentence, in the video CNBC used a Subway turkey sub as an example. The sub cost $5 two years ago. It costs $11 now. Even Portlanders can tell that’s a lot more than +23%. ...
This almost seems like a cliche, but if a Republican were occupying the White House, inflation would be all that CNBC would be talking about, twenty-four-by-seven, and not in this good, optimistic, seeing-the-bright-side way. It would be the End of the Financial World. Trust me.
1038
AD
2024 May 7, 9:40pm
AD
2024 May 7, 9:40pm
.
The Vanguard fund that invests in the overall bond market has at best kept up with annual inflation since it started in 2007. I wonder if the bond crash of 2022 to 2023 is the reason for this dismal performance, and that this bond fund will recover as the worst is now behind it for the current economic cycle.
Inflation obviously has weighed down the performance of this bond fund.
.
The Vanguard fund that invests in the overall bond market has at best kept up with annual inflation since it started in 2007. I wonder if the bond crash of 2022 to 2023 is the reason for this dismal performance, and that this bond fund will recover as the worst is now behind it for the current economic cycle.
Inflation obviously has weighed down the performance of this bond fund.
.
1045
zzyzzx
2024 May 9, 5:13am
zzyzzx
2024 May 9, 5:13am
Also cheapening the ingredients:
https://www.wtae.com/article/shrinkflation-hits-the-sweet-tooth-customers-finding-smaller-cake-mixes/60713075
https://www.wtae.com/article/shrinkflation-hits-the-sweet-tooth-customers-finding-smaller-cake-mixes/60713075
1051
Al_Sharpton_for_President
2024 May 10, 6:58am
Al_Sharpton_for_President
2024 May 10, 6:58am
'Highway Robbery': Burger Chain Slammed for 'Out of Control' Prices Amid Inflation
A Five Guys receipt is going viral on social media.
"5 dollars for a small fry is highway robbery," one user said. "It's literally just a potato and some salt. Cost them a quarter to make."
https://www.entrepreneur.com/business-news/five-guys-slammed-for-high-prices-receipt-goes-viral/470773
A Five Guys receipt is going viral on social media.
"5 dollars for a small fry is highway robbery," one user said. "It's literally just a potato and some salt. Cost them a quarter to make."
https://www.entrepreneur.com/business-news/five-guys-slammed-for-high-prices-receipt-goes-viral/470773
1055
HeadSet
2024 May 11, 2:36pm
HeadSet
2024 May 11, 2:36pm
RC2006 says
Same here. At one house I was restoring I had to go to a specialty lumberyard to get true dimensional wood.
Patrick says
This one has really pissed me off when doing certain repairs.
Same here. At one house I was restoring I had to go to a specialty lumberyard to get true dimensional wood.
1057
AD
2024 May 12, 11:47pm
AD
2024 May 12, 11:47pm
Patrick says
Yes, its especially rigged with a Democrat in the White House.
That is why I would not be surprised if a recession just so happens right after the November election as all the economic stats reported by the federal guvmint will point to a recession.
.
https://twitter.com/WallStreetSilv/status/1789718376849273268
Yes, its especially rigged with a Democrat in the White House.
That is why I would not be surprised if a recession just so happens right after the November election as all the economic stats reported by the federal guvmint will point to a recession.
.
1058
zzyzzx
2024 May 13, 5:40am
zzyzzx
2024 May 13, 5:40am
AD says
Is there really any doubt in your mind?
That is why I would not be surprised if a recession just so happens right after the November election as all the economic stats reported by the federal guvmint will point to a recession.
Is there really any doubt in your mind?
1063
zzyzzx
2024 May 13, 6:54am
zzyzzx
2024 May 13, 6:54am
https://www.cnbc.com/2024/05/10/mcdonalds-working-on-5-value-meal.html
McDonald’s is working to introduce a $5 value meal
McDonald’s is working to introduce a $5 value meal
1068
mell
2024 May 14, 4:18pm
zzyzzx says
Small fries a micky dees are so small now they're virtually non existent. It's exactly one handful for me. Why are there so many fat people?
https://www.cnbc.com/2024/05/10/mcdonalds-working-on-5-value-meal.html
McDonald’s is working to introduce a $5 value meal
Small fries a micky dees are so small now they're virtually non existent. It's exactly one handful for me. Why are there so many fat people?
1069
AD
2024 May 14, 9:49pm
AD
2024 May 14, 9:49pm
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
https://www.cnbc.com/2024/05/14/powell-says-inflation-has-been-higher-than-thought-and-expects-rates-to-hold-steady.html
"The Fed has been holding its key overnight borrowing rate in a targeted range of 5.25%-5.5%. Though the rate has been there since July, it is the highest level in some 23 years."
https://www.cnbc.com/2024/05/14/powell-says-inflation-has-been-higher-than-thought-and-expects-rates-to-hold-steady.html
"The Fed has been holding its key overnight borrowing rate in a targeted range of 5.25%-5.5%. Though the rate has been there since July, it is the highest level in some 23 years."
1070
AD
2024 May 14, 10:06pm
AD
2024 May 14, 10:06pm
McDonalds looking to increase sales and is likely to introduce a $5 meal.
A Big Mac meal (large size) costs around $11 in Panama City Beach, FL where the average starting wage for fast food workers is around $15 an hour. Servers in restaurants get around $10 an hour plus tips in Panama City Beach.
I am wondering if the Big Mac meal has always cost about 80% of the entry level hourly wage (assuming that the meal size and quality remains the same).
Or was it 50% back in the 1990s ?
*************************************
"The $5 meal deal will reportedly offer a choice of a McChicken, McDouble or four-piece chicken McNuggets with fries and a drink."
https://www.usatoday.com/story/money/food/2024/05/13/mcdonalds-5-meal-deals-affordability-pricing-earnings-calls-2024/73669665007/
,
A Big Mac meal (large size) costs around $11 in Panama City Beach, FL where the average starting wage for fast food workers is around $15 an hour. Servers in restaurants get around $10 an hour plus tips in Panama City Beach.
I am wondering if the Big Mac meal has always cost about 80% of the entry level hourly wage (assuming that the meal size and quality remains the same).
Or was it 50% back in the 1990s ?
*************************************
"The $5 meal deal will reportedly offer a choice of a McChicken, McDouble or four-piece chicken McNuggets with fries and a drink."
https://www.usatoday.com/story/money/food/2024/05/13/mcdonalds-5-meal-deals-affordability-pricing-earnings-calls-2024/73669665007/
,
1071
AD
2024 May 14, 11:08pm
AD
2024 May 14, 11:08pm
As far as my post above, McDonalds use to have a value meal for around $4 a couple of years ago which was a McDouble (which is essentially a small double-cheeseburger) or McChicken, with small fries and small fountain drink.
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net