Talk Irvine

General => Economy & Finance => Topic started by: morekaos on May 28, 2021, 10:34:19 AM

Title: INFLATION IS OUR FRIEND
Post by: morekaos on May 28, 2021, 10:34:19 AM
Cycles are cycles are cycles....

Faster than expected inflation ‘is actually a good sign,’ White House official says

On Thursday, President Joe Biden traveled to Ohio to make the case that the economy is headed in the right direction. “We’ve turned the tide,” he told the crowd in Cleveland.
Shortly afterward, during an appearance on Yahoo Finance Live, one of his top economic advisers acknowledged that in areas like inflation and in the labor market, “there's going to be some bumps in the road” as the economy continues to right itself following the pandemic.

However, National Economic Council Deputy Director Bharat Ramamurti also told Yahoo Finance that the recent inflation jump is actually a positive sign. “The faster than expected increase in some of those prices is actually a good sign in the sense that it's a sign that the economy is recovering faster than a lot of people expected,” he said.

https://www.msn.com/en-us/money/markets/faster-than-expected-inflation-is-actually-a-good-sign-white-house-official-says/ar-AAKunfm?ocid=BingNewsSearch (https://www.msn.com/en-us/money/markets/faster-than-expected-inflation-is-actually-a-good-sign-white-house-official-says/ar-AAKunfm?ocid=BingNewsSearch)

Dan Akroyd pretending to be President Jimmy Carter on Saturday Night Live and 45 years ahead of his time:

“President Jimmy Carter: Good evening. On Tuesday, we Americans will have the opportunity to exercise our role as citizens in a free democracy. Yet, only a third of the eligible voters will actually cast ballots. The other two-thirds are, in a sense, very lucky. Because they do not know what’s going on.

“Last week, I delivered a message on inflation. Since then, the dollar has dropped in value, the stock market has sustained record losses, and the whole Dow price index increased 0.9%. In other words, our economic system is screwed, blued and tatooed! We just have to face the fact that there is simply no way to fight inflation in a capitally-intensive, highly-technological, conflict-riddled, anything-for-a-thrill world of today. That’s why, tonight, I want you to try to look at inflation in an entirely new way: Inflation is our friend.

“For example, consider this: in the year 2000, if current trends continue, the average blue-collar annual wage in this country will be $568,000. Think what this inflated world of the future will mean – most Americans will be millionaires. Everyone will feel like a bigshot. Wouldn’t you like to own a $4,000 suit, and smoke a $75 cigar, drive a $600,000 car? I know I would! But what about people on fixed incomes? They have always been the true victims of inflation. That’s why I will present to Congress the ‘Inflation Maintenance Program’, whereby the U.S. Treasury will make up any inflation-caused losses to direct tax rebates to the public in cash. Then you may say, ‘Won’t that cost a lot of money? Won’t that increase the deficit?’ Sure it will! But so what? We’ll just print more money! We have the papers, we have the mints. I can just call up the Bureau of Engraving and say, ‘Hi! This is Jimmy. Roll out some of them twenties! Print up a couple thousand sheets of those Century Notes!’ Sure, all these dollars will cause even more inflation, but who cares? Everyone will be a millionaire!

“In my speech last week, I said that America would have to undergo an austerity program, but since this revolutionary new approach welcomes inflation, our economy will be free to grow, and we can spend, spend, spend! I believe the watchwords for the ’80s should be ‘Let’s Party!’

https://www.nbc.com/saturday-night-live/video/jimmy-carter-on-inflation-cold-open/3007609 (https://www.nbc.com/saturday-night-live/video/jimmy-carter-on-inflation-cold-open/3007609)
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on May 28, 2021, 01:25:31 PM
The Fed has declared any undesirable inflation (that which is above the normal yet undefined desired inflation) to be transitory.  Or, to paraphrase, "It’s going to disappear. One day — it’s like a miracle — it will disappear.”
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on May 28, 2021, 01:32:57 PM
It's okay, those aren't the droids either.
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on May 28, 2021, 05:18:44 PM
This idea that all of this will go away reminds me of this:




Inflation is the Keyser Sose of economic theory.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 10, 2021, 07:54:57 AM
This is good...right?

'Biden's inflation crisis is here': Inflation jumps to 5% through April in the quickest rise since the Great Recession as Republicans blame soaring prices on massive Democrat stimulus programs
Overall consumer prices rose 0.6% in May, totaling 5% over the prior 12 months
It is the fastest rise in inflation since August 2008 during the Great Recession
Core inflation, excluding food and energy, was up 3.8% in fastest increase since 1992
Republicans blame freewheeling Fed monetary policy and Democrats' massive federal spending

https://www.dailymail.co.uk/news/article-9672595/Inflation-jumps-5-April-quickest-rise-2008.html (https://www.dailymail.co.uk/news/article-9672595/Inflation-jumps-5-April-quickest-rise-2008.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on June 10, 2021, 06:11:24 PM
It's not yet widely accepted but everywhere I look I see inflation.  We have asterisked unfavorable economic measures with a COVID caveat, but I think the inflation will remain long after COVID is no longer a front page news item, and income disparity will get worse.  Not the stuff of healthy and stable societies.

Lumber is the product du jour for many discussions about inflation.  It's seriously messed up, for anyone who hasn't yet heard. For a more specific look, OSB is a great example, which is commonly used for sheathing houses; i.e., a lot of it is needed to build a house.   2 years ago a 4x8 sheet was about $10, give or take.  Today you can expect to pay about $70 for that same sheet.  2x4 lumber, or "sticks", are even more ubiquitous in home building. What used to cost about $3 is now about $12.  I read that a recent study shows that the cost of lumber today is adding $38000 to the average price of building a home, which I think is complete BS.  That would suggest it used to cost under $10000 for the lumber in a home.  No way has that been the case in a very long time.

The common wisdom I read in online comments is people who can afford to wait are doing so, and holding off on completing optional projects.  Sheds, porches, add-ons, etc...folks are waiting to pay $3 for that 2x4 before they will commit to the project.  I'm afraid that if they stick to their guns, the projects will never get done.  We might not see $12 sticks forever, but I don't think we'll see $3 prices again in the next 2 years and, depending on other inflationary winds, maybe never again.
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on June 12, 2021, 10:45:26 AM
This is good...right?

'Biden's inflation crisis is here': Inflation jumps to 5% through April in the quickest rise since the Great Recession as Republicans blame soaring prices on massive Democrat stimulus programs
Overall consumer prices rose 0.6% in May, totaling 5% over the prior 12 months
It is the fastest rise in inflation since August 2008 during the Great Recession
Core inflation, excluding food and energy, was up 3.8% in fastest increase since 1992
Republicans blame freewheeling Fed monetary policy and Democrats' massive federal spending

https://www.dailymail.co.uk/news/article-9672595/Inflation-jumps-5-April-quickest-rise-2008.html (https://www.dailymail.co.uk/news/article-9672595/Inflation-jumps-5-April-quickest-rise-2008.html)

I doubt one person here remembers the days of inflation. I must be older than most everyone and I was young enough (parents bought food, lived at home to go to college etc) to only know the tail end when I couldn't buy a house cuz prices had gone up so much and interest rates ended up being sky high to fight it.

I know it's going to hurt the lower income people the worst by far and no amount of hey ma, look at min. wage is going to help.

Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on June 12, 2021, 11:40:20 AM
This is good...right?

'Biden's inflation crisis is here': Inflation jumps to 5% through April in the quickest rise since the Great Recession as Republicans blame soaring prices on massive Democrat stimulus programs
Overall consumer prices rose 0.6% in May, totaling 5% over the prior 12 months
It is the fastest rise in inflation since August 2008 during the Great Recession
Core inflation, excluding food and energy, was up 3.8% in fastest increase since 1992
Republicans blame freewheeling Fed monetary policy and Democrats' massive federal spending

https://www.dailymail.co.uk/news/article-9672595/Inflation-jumps-5-April-quickest-rise-2008.html (https://www.dailymail.co.uk/news/article-9672595/Inflation-jumps-5-April-quickest-rise-2008.html)

I doubt one person here remembers the days of inflation. I must be older than most everyone and I was young enough (parents bought food, lived at home to go to college etc) to only know the tail end when I couldn't buy a house cuz prices had gone up so much and interest rates ended up being sky high to fight it.

I know it's going to hurt the lower income people the worst by far and no amount of hey ma, look at min. wage is going to help.



I'm same age-ish, I remember talking to my credit union about a used car loan when I was working through college, the rate for a 2 year loan would have been 18%.  I remember my short term CDs 3 month and 6 month were paying double digits.

I remember the family dinner talk during the Oil Embargo, concerns Dad's union would strike, and the rising price talk leading up to Reagan's election
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on June 12, 2021, 02:40:51 PM
I was a kid but I remember it.  I asked my mother what the word meant because it was mentioned so much.   I remember the angst the word brought.  I remember numismatics, gold and silver were in vogue.  My father dragged me to coin shows to look for rarities.  And to the beach with his metal detector to do the same there.  He did find some interesting things.  Eventually the city would start combing the sand nightly with a large zamboni-like beach cleaner and the treasures were no more.

Maybe it's time to stock up on toilet paper again, to avoid the annual 5% price hikes that are coming.  Or maybe globalization will come to our rescue.
Title: Re: INFLATION IS OUR FRIEND
Post by: woodburyowner on June 12, 2021, 06:22:38 PM
I think we are definitely not in a "transitory" inflationary period.  Once people think inflation is here, prices rise all over the place and the price will never go back down.  My house cleaner just upped her rate by 22% and said he is asking all her customers to pay more.  I am now increasing all my tenant's rent during renewal 5-7% (previous 5 years I only did 2-3%).  I was able to raise my rent 9% on a recent vacancy.  My actual cost has not gone up these percentages, but since everyone is talking inflation it seems like people are more understanding/willing to pay a higher rent.
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on June 13, 2021, 04:36:06 PM
I was a kid but I remember it.  I asked my mother what the word meant because it was mentioned so much.   I remember the angst the word brought.  I remember numismatics, gold and silver were in vogue.  My father dragged me to coin shows to look for rarities.  And to the beach with his metal detector to do the same there.  He did find some interesting things.  Eventually the city would start combing the sand nightly with a large zamboni-like beach cleaner and the treasures were no more.

Maybe it's time to stock up on toilet paper again, to avoid the annual 5% price hikes that are coming.  Or maybe globalization will come to our rescue.

If you need diapers, time to buy some extras. When I have too many extra bucks at cvs I sometimes buy diapers (I sell some baby gifts that use diapers in them, so I can always use some but not as many as I got trying to burn my bucks when the lockdown started). I sometimes sell the extras on offer up and my price used to be a little higher than could be had on amazon........ not any more. Not sure if pg/kimberly clark has already raised what they are going to for the year but if not, sticker shock is coming in a few months.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on June 22, 2021, 07:11:02 PM
Maybe I’m the only one that believes in the fed here. Inflation is definitely here but I don’t see it impacting people to the degree that some people think it will.

It’s unsurprising prices are going up now since factories are not able to keep up with the demand. This goes for produce, travel, lumbar, etc. Once you lock up an economy and everyone is stuck at home, everyone will want to go out. So yes, there will be an initial shock to the system which is currently happening in front of us but eventually people will have traveled, production will get back to “normal” and be able to meet the demand of the consumers.

I mean how many times can one travel a year? How many fruits/meat can one eat in a household? Lumbar is dropping dramatically as well. I think inflationary concerns will be ongoing until after a couple months after the eviction and forbearance moratorium ends.

This isn’t to say that prices will go down. It’s to explain that prices will go up but will stabilize once things are back to normal.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on July 15, 2021, 09:14:51 AM
"You keep using that word...I Don thin that means what you thin it means.."  Inugo Montoyo



"The Transitory Scam" - Ten Companies Warn About Passing Along Rising Costs To Consumers

Campbell Soup Company
On June 9, in Campbell Soup's third quarter, 2021 conference call, the word "inflation" was mentioned 35 times by execs and analysts.

The company revealed it was "impacted by a rising inflationary environment," and CEO Mark Clouse said he expects "sustained inflationary pressures through the remainder of the year."

Campbell's said it will be raising food prices this summer to offset the rising costs. Although CEO Mark Clouse noted, "we are going to be very thoughtful about it. The last thing we want to do is shut down the growth that we've worked fairly hard to have."

The JM Smucker Company
In JM Smucker's fourth-quarter, 2021 conference call on June 3, there were 10 mentions of inflation, and CEO Mark Smucker said the company would be raising prices to offset rising costs.

"Broad-based inflation is impacting many of the commodities, packaging materials, and transportation channels that are important to our business. We are mitigating the impacts through a combination of higher pricing inclusive of list price increases, reduced trade and net revenue optimization strategies, as well as continued cost management," Smucker said.

Stanley Black & Decker
In Stanley Black & Decker's first quarter 2021 earnings presentation on April 28, in a slide entitled "Commodity Inflation Update," the company said steel, resin, base metals, electrical components, and batteries have pushed incremental inflation costs up for 2021 by $160 million vs. January guidance.

The slide showed Black & Decker's plans to increase prices to offset costs.

Whirlpool
In an interview with Yahoo Finance in April, Whirlpool's CFO Jim Peters said the company was seeing price increases and would pass the costs onto consumers.

"We took price increases in every region of the world, that range from 5% to 12%," Peters said. "Those are driven by commodity cost increases, and it's something we have done historically."

The company said in its first-quarter conference call that the price increase actions "will offset the impact of global supply constraints and rising input costs."

Kimberly-Clark
Kimberly-Clark said it would be raising prices on products like Scott toilet paper and Huggies diapers by "mid-to-high single digits" in late March.

Then, in the company's April 23 first-quarter earnings call, execs said they saw "sharp rises in input costs."

Michael Hsu, Kimberly-Clark's chairman and chief executive officer, said the company was "moving rapidly, especially with selling price increases to offset commodity headwinds."

Honeywell
Honeywell's CEO Darius Adamczyk announced that "inflation is taking hold" and affecting his business' bottom line in the company's first-quarter 2021 conference call on April 23.

The CEO said, "there's no doubt about it. We knew it. We see it." Honeywell announced it would be "quickly taking action" on pricing to stay ahead of the problem

The Clorox Company
Clorox's VP of Investor relations Lisah Burhan told investors in the company's third-quarter 2021 results on April 30 that the company has seen "significant resin price inflation."

In order to "manage those rising costs," Clorox announced "pricing action" effective in July. "As we've mentioned, we'll manage inflationary pressures holistically using all the tools in our toolbox," Burhan said.

Procter & Gamble
Procter & Gamble COO Jon Moeller told analysts in an April 20 earnings call that "this is one of the bigger increases in commodity costs that we've seen over the period of time that I've been involved with this, which is a fairly long period of time."

The company said it will begin "the process of implementing price increases on its Baby Care, Feminine Care, and Adult Incontinence product categories in the United States to offset a portion of the impact of rising commodity costs," noting that the "exact amount of the price increase will vary by brand and sub-brand in the range of mid-to-high single-digit percentages and will go into effect in mid-September."

Coca-Cola
In mid-April, Coca-Cola's CEO James Quincey told CNBC's Sara Eisen on "Squawk on the Street" that the company would be increasing prices to offset rising costs.

"We are well-hedged in '21, but there's pressure built up for '22, and so there will have to be some price increases," Quincey said.

"We intend to manage those intelligently, thinking through the way we use package sizes and really optimize the price points for consumers," he added.

Reynolds Consumer Products
Reynolds Consumer Products revealed that a three-step price increase is already underway on some of its most popular products last month.

"Price increases have been implemented, and a second-round is underway, with plans for a third-round to be implemented in the third quarter," Michael Graham, Reynolds chief financial officer, said during the company's first-quarter earnings call on May 8.

Even as nominal wages are increasing, real wages aren't keep up with soarign prices for food at the supermarket or fuel at the gas station.

The Fed will have a severe problem when inflationary pressures remain, and economic growth subsides, opening up a can of stagflation.



https://markets.businessinsider.com/news/stocks/inflation-outlook-impact-transitory-10-companies-already-passing-costs-consumers-2021-6 (https://markets.businessinsider.com/news/stocks/inflation-outlook-impact-transitory-10-companies-already-passing-costs-consumers-2021-6)
Title: Re: INFLATION IS OUR FRIEND
Post by: akula1488 on July 15, 2021, 10:06:22 AM
Good thing Americans saved 16 cent in the July 4th BBQ to offset the coming inflation. The smart ones could do some YOLOing in the stock market to make a killing.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on July 16, 2021, 12:35:54 PM
They know it but want to hide the facts...bad optics but the reality is not easy to hide...The Carter years are coming back.  New York is already there.. ;D ;D >:D

White House has quietly met with economists fearing inflation could last YEARS - not months - despite publicly saying it would be a 'temporary bottleneck' after the largest surge in prices in 13 years
Top Biden economic aides met with economist Larry Summers Tuesday
Summers has warned about inflation and inveighed against Biden's American Rescue Plan
Fed Chair Powell testified in Congress this week after the government released figures showing a 5.4 per cent jump in inflation in June compared to a year ago
It was the largest spike in 13 years
Powell said inflation will remain 'elevated'
On Thursday Powell called it a 'big uptick'

https://www.dailymail.co.uk/news/article-9793363/White-House-secretly-indicating-inflation-YEARS.html (https://www.dailymail.co.uk/news/article-9793363/White-House-secretly-indicating-inflation-YEARS.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: akula1488 on July 16, 2021, 01:54:17 PM
It is quite sad Americans need  to rely on other countries news agency to get neutral unbiased view of our own state affairs. CNN and MSNBC are nothing more than liberal mouthpiece


They know it but want to hide the facts...bad optics but the reality is not easy to hide...The Carter years are coming back.  New York is already there.. ;D ;D >:D

White House has quietly met with economists fearing inflation could last YEARS - not months - despite publicly saying it would be a 'temporary bottleneck' after the largest surge in prices in 13 years
Top Biden economic aides met with economist Larry Summers Tuesday
Summers has warned about inflation and inveighed against Biden's American Rescue Plan
Fed Chair Powell testified in Congress this week after the government released figures showing a 5.4 per cent jump in inflation in June compared to a year ago
It was the largest spike in 13 years
Powell said inflation will remain 'elevated'
On Thursday Powell called it a 'big uptick'

https://www.dailymail.co.uk/news/article-9793363/White-House-secretly-indicating-inflation-YEARS.html (https://www.dailymail.co.uk/news/article-9793363/White-House-secretly-indicating-inflation-YEARS.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on July 16, 2021, 08:22:22 PM
If you think inflation is NOT transitory, then it should be ok to buy a house now even with the crazy 25% runup from a year ago.
Title: Re: INFLATION IS OUR FRIEND
Post by: marmott on July 16, 2021, 09:14:53 PM
I wouldn't call the DailyMail an unbiased foreign news agency but that's just me  ;D

I couldn't find what they meant by years in the article (3 years, 10 years or more?), it would have been nice.
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on July 17, 2021, 02:26:10 PM
If you think inflation is NOT transitory, then it should be ok to buy a house now even with the crazy 25% runup from a year ago.
Is it possible to run high inflation and low interest rates for sustained periods?  Will house prices keep up with inflation if mortgage rates are 6% and increasing?  God help us. 
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on July 17, 2021, 10:18:27 PM
I remember when Bernanke was doing QE and he was saying it's never been done before.....we don't know what will happen.
Well that was 10 years ago.  So far so good?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on August 10, 2021, 01:16:26 PM
Wages are rising, but inflation may have given workers a 2% pay cut

Average hourly wages grew 3.6% in June relative to last year, the most in more than a decade.
However, inflation essentially gave the average worker about a 2% pay cut, according to the Bureau of Labor Statistics.

https://www.cnbc.com/2021/07/27/wages-are-rising-but-has-inflation-given-workers-a-2percent-pay-cut.html (https://www.cnbc.com/2021/07/27/wages-are-rising-but-has-inflation-given-workers-a-2percent-pay-cut.html)

Shake Shack plans to hike menu prices 3.5% to offset the rising cost of ingredients and labor as inflation continues to soar nationwide
Shake Shack warned that it will likely raise prices more than it's usual 2% hike

CFO Katherine Fogerty said inflation is raising costs for the burger chain
Shake Shack also hiked its fee for third-party delivery services to 10%
Chain popular in NYC says sales are still not back to pre-pandemic levels

https://www.dailymail.co.uk/news/article-9880381/Shake-Shack-plans-hike-menu-prices-3-5-offset-rising-cost-ingredients.html (https://www.dailymail.co.uk/news/article-9880381/Shake-Shack-plans-hike-menu-prices-3-5-offset-rising-cost-ingredients.html)



Title: Re: INFLATION IS OUR FRIEND
Post by: qwerty on August 10, 2021, 03:52:29 PM
Yeah I preferred it when I would get a raise and prices remained flat. So much for that.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on August 10, 2021, 03:59:02 PM
Inflation is still here and is still going higher.

How long does it take a company in USA to receive parts after ordering from an Asian vendor?
For the computer parts industry if you order today 08.10.2021, you will get your parts in your CA warehouse after the Chinese New year.


They are suffering the semiconductor shortage as well as the ocean freight delays.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 09:37:27 AM
This should really help...

Can't find what you need at the store? 'Out of stock' is a sign of the times
Shortages show breadth, persistence of chaos roiling the global economy.

Before the pandemic, shipping a 40-foot container of games from Shanghai to the warehouse he uses in Michigan cost $6,000 to $7,000, Poses said. His next shipment, scheduled to leave China in mid-September, will cost at least $26,000. And his freight agent warned him that the price will most likely rise, to $35,000, because of rail and trucking difficulties in the United States.

https://www.startribune.com/out-of-stock-a-sign-of-the-times/600092398/ (https://www.startribune.com/out-of-stock-a-sign-of-the-times/600092398/)
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on September 02, 2021, 09:47:17 AM
Take one look out from the beach on a clear day, our ocean is a parking lot of container ships queued and waiting for the port.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 10:53:37 AM
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 11:12:02 AM
Welcome back Jimmy Carter/Biden...

Back to the Seventies?

AMBRIDGE – With the United States’ disastrous exit from Afghanistan, the parallels between the 2020s and the 1970s just keep growing. Has a sustained period of high inflation just become much more likely? Until recently, I would have said the odds were clearly against it. Now, I am not so sure, especially looking ahead a few years.

Many economists seem to view inflation as a purely technocratic problem, and most central bankers would like to believe that. In fact, the roots of sustained inflation mainly stem from political economy problems, and here the long list of similarities between the 1970s and today is unsettling

The global economy suffered a massive supply shock in the 1970s, as Middle East countries massively hiked the price of oil they charged the rest of the world. Today, protectionism and a retreat from global supply chains constitutes an equally consequential negative supply shock.

Finally, in the late 1960s and 1970s, huge increases in government spending were not matched by higher taxes on the wealthy. The spending increases stemmed in part from US President Lyndon B. Johnson’s “Great Society” programs in the 1960s, later amplified by the soaring cost of the Vietnam War. First Johnson and then Nixon were reluctant to raise taxes to pay for these costs, fearing a loss of political support. In recent years, first the Trump tax cuts, then pandemic-related catastrophe relief, and now progressive plans to expand the social safety net have hit the federal budget hard. Plans to fund these costs by raising taxes only on the rich will likely fall far short.

https://www.project-syndicate.org/commentary/america-facing-1970s-style-stagflation-threat-by-kenneth-rogoff-2021-08 (https://www.project-syndicate.org/commentary/america-facing-1970s-style-stagflation-threat-by-kenneth-rogoff-2021-08)

Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 11:16:36 AM
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.

Fyi - there is an unofficial driver for the new gpus that are lhr. I want to say to get 75% hash rate for ethereum. Huge demand for ethereum because that crypto is used to buy nfts. I guess the so called trend is nft.

* not investment advice

Also, waiting list for Tesla is long due to huge demand. (really LONG =P)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 11:24:27 AM
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.

Fyi - there is an unofficial driver for the new gpus that are lhr. I want to say to get 75% hash rate for ethereum. Huge demand for ethereum because that crypto is used to buy nfts. I guess the so called trend is nft. (Baloney)

* not investment advice (Good thing...leave that to the pro's...you would destroy many.)

Also, waiting list for Tesla is long due to huge demand. (really LONG =P)  (LONG Baloney)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 11:26:17 AM
He does not have a counter argument.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 11:38:39 AM
He does not have a counter argument.

Let me again speak plainly...That is not what is driving core inflation.  Tesla sales are a drop in he bucket... and etherium and NFT's are not driving it....There are systemic divers of inflation that have now been set in motion...transportation costs and wages to name a few.  It is in pretty much every category and will not be "transitory"  or "temporary"  as the current administration would like the sheep to believe... buckle up buttercup because it's coming...

Walmart Pay Hike Brings Average Hourly Wage to $16.40

https://www.bloombergquint.com/onweb/walmart-says-pay-increase-brings-average-hourly-wage-to-16-40 (https://www.bloombergquint.com/onweb/walmart-says-pay-increase-brings-average-hourly-wage-to-16-40)

They will never get that back...and where do you think they will get the $$ to pay for that hike?...the very definition of inflation.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 12:00:05 PM
He does not have a counter argument.

Let me again speak plainly...That is not what is driving core inflation.  Tesla sales are a drop in he bucket... and etherium and NFT's are not driving it....There are systemic divers of inflation that have now been set in motion...transportation costs and wages to name a few.  It is in pretty much every category and will not be "transitory"  or "temporary"  as the current administration would like the sheep to believe... buckle up buttercup because it's coming...
The fed policy and supply issue. As far as I know, companies are not sitting on inventory in a secret warehouse driving up demand.
I see a double standard for trump only. Have low interest rates.

Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 12:03:02 PM
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.

Fyi - there is an unofficial driver for the new gpus that are lhr. I want to say to get 75% hash rate for ethereum. Huge demand for ethereum because that crypto is used to buy nfts. I guess the so called trend is nft.

* not investment advice

Also, waiting list for Tesla is long due to huge demand. (really LONG =P)

It is hard for people to understand that do not know consumer products.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 12:17:13 PM
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.

Fyi - there is an unofficial driver for the new gpus that are lhr. I want to say to get 75% hash rate for ethereum. Huge demand for ethereum because that crypto is used to buy nfts. I guess the so called trend is nft.

* not investment advice

Also, waiting list for Tesla is long due to huge demand. (really LONG =P)


InsideEVs article: Estimated delivery time (new orders) for base versions of all Tesla cars in the U.S. is now 2022.

Estimated delivery time (new orders):

Tesla Model 3:

Standard Range Plus: January 2022 (previously 8–14 weeks)
Long Range: November (no change)
Performance: 5–7 weeks (previously 4–7 weeks)

Tesla Model S:

Long Range: March–April, 2022 (no change)
Plaid: January–February, 2022 (no change)
Tesla Model X:

Long Range: March–April, 2022 (no change)
Plaid: March–April, 2022 (no change)
Tesla Model Y:

Long Range: January 2022 (previously December)
Performance: 5–7 weeks (no change)
The changes of estimated delivery dates to 2022 indicate a much higher demand than supply, but it's impossible to know whether the supply is seriously affected by the production constraints (semiconductor shortage or other bottlenecks) or is mostly demand related.

https://insideevs.com/news/526879/us-order-backlog-tesla-modely/

Note these are estimates. I know someone that is on a waiting list for a model 3. Still waiting and is scheduled to get it soon. Tbd (but not long range)

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 12:21:21 PM
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.

Fyi - there is an unofficial driver for the new gpus that are lhr. I want to say to get 75% hash rate for ethereum. Huge demand for ethereum because that crypto is used to buy nfts. I guess the so called trend is nft.

* not investment advice

Also, waiting list for Tesla is long due to huge demand. (really LONG =P)

It is hard for people to understand that do not know consumer products.

Eye, I am not sure what you really do but I am easily more qualified than you to not only understand these issues but also comment on them with authority. This is the kind of stuff  that is right in my wheelhouse.  My knowledge does not come from some article you read on MSNBC. It comes from over 35 years of actually managing money (real money) for Fortune 100 companies.  A background and degree in Economics/System Sciences with a double in Computer Sciences Mathematics from UCLA.   What qualifies you with special insights or knowledge?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 12:29:00 PM
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.

Fyi - there is an unofficial driver for the new gpus that are lhr. I want to say to get 75% hash rate for ethereum. Huge demand for ethereum because that crypto is used to buy nfts. I guess the so called trend is nft.

* not investment advice

Also, waiting list for Tesla is long due to huge demand. (really LONG =P)


InsideEVs article: Estimated delivery time (new orders) for base versions of all Tesla cars in the U.S. is now 2022.

Estimated delivery time (new orders):

Tesla Model 3:

Standard Range Plus: January 2022 (previously 8–14 weeks)
Long Range: November (no change)
Performance: 5–7 weeks (previously 4–7 weeks)

Tesla Model S:

Long Range: March–April, 2022 (no change)
Plaid: January–February, 2022 (no change)
Tesla Model X:

Long Range: March–April, 2022 (no change)
Plaid: March–April, 2022 (no change)
Tesla Model Y:

Long Range: January 2022 (previously December)
Performance: 5–7 weeks (no change)
The changes of estimated delivery dates to 2022 indicate a much higher demand than supply, but it's impossible to know whether the supply is seriously affected by the production constraints (semiconductor shortage or other bottlenecks) or is mostly demand related.

https://insideevs.com/news/526879/us-order-backlog-tesla-modely/

Note these are estimates. I know someone that is on a waiting list for a model 3. Still waiting and is scheduled to get it soon. Tbd (but not long range)



Who cares?...Teslas total sales only represent around 1.5% of the total US auto sales...practically nothing and therefore growth impacts NOTHING.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 12:36:34 PM
But you said demand for tesla is long balogny.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 12:37:48 PM
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.

Fyi - there is an unofficial driver for the new gpus that are lhr. I want to say to get 75% hash rate for ethereum. Huge demand for ethereum because that crypto is used to buy nfts. I guess the so called trend is nft.

* not investment advice

Also, waiting list for Tesla is long due to huge demand. (really LONG =P)

It is hard for people to understand that do not know consumer products.

Eye, I am not sure what you really do but I am easily more qualified than you to not only understand these issues but also comment on them with authority. This is the kind of stuff  that is right in my wheelhouse.  My knowledge does not come from some article you read on MSNBC. It comes from over 35 years of actually managing money (real money) for Fortune 100 companies.  A background and degree in Economics/System Sciences with a double in Computer Sciences Mathematics from UCLA.   What qualifies you with special insights or knowledge?

If you want to pay my consulting fee. You can find out.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 12:41:53 PM
But you said demand for tesla is long balogny.

..Again Eye quit trying to put your meaning to the words...Tesla is Baloney.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 12:43:34 PM
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.

Fyi - there is an unofficial driver for the new gpus that are lhr. I want to say to get 75% hash rate for ethereum. Huge demand for ethereum because that crypto is used to buy nfts. I guess the so called trend is nft.

* not investment advice

Also, waiting list for Tesla is long due to huge demand. (really LONG =P)

It is hard for people to understand that do not know consumer products.

Eye, I am not sure what you really do but I am easily more qualified than you to not only understand these issues but also comment on them with authority. This is the kind of stuff  that is right in my wheelhouse.  My knowledge does not come from some article you read on MSNBC. It comes from over 35 years of actually managing money (real money) for Fortune 100 companies.  A background and degree in Economics/System Sciences with a double in Computer Sciences Mathematics from UCLA.   What qualifies you with special insights or knowledge?

If you want to pay my consulting fee. You can find out.

I already know you wouldn't qualify for mine but what are your creds?  I'm proud of mine.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 12:47:14 PM
Investment advice from you? Please
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 12:48:58 PM
Investment advice from you? Please

Like I said...you couldn't make my minimums but that's OK, I will still give you some insights....for free.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 02:25:40 PM
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.

Fyi - there is an unofficial driver for the new gpus that are lhr. I want to say to get 75% hash rate for ethereum. Huge demand for ethereum because that crypto is used to buy nfts. I guess the so called trend is nft.

* not investment advice

Also, waiting list for Tesla is long due to huge demand. (really LONG =P)


InsideEVs article: Estimated delivery time (new orders) for base versions of all Tesla cars in the U.S. is now 2022.

Estimated delivery time (new orders):

Tesla Model 3:

Standard Range Plus: January 2022 (previously 8–14 weeks)
Long Range: November (no change)
Performance: 5–7 weeks (previously 4–7 weeks)

Tesla Model S:

Long Range: March–April, 2022 (no change)
Plaid: January–February, 2022 (no change)
Tesla Model X:

Long Range: March–April, 2022 (no change)
Plaid: March–April, 2022 (no change)
Tesla Model Y:

Long Range: January 2022 (previously December)
Performance: 5–7 weeks (no change)
The changes of estimated delivery dates to 2022 indicate a much higher demand than supply, but it's impossible to know whether the supply is seriously affected by the production constraints (semiconductor shortage or other bottlenecks) or is mostly demand related.

https://insideevs.com/news/526879/us-order-backlog-tesla-modely/

Note these are estimates. I know someone that is on a waiting list for a model 3. Still waiting and is scheduled to get it soon. Tbd (but not long range)



Who cares?...Teslas total sales only represent around 1.5% of the total US auto sales...practically nothing and therefore growth impacts NOTHING.

So this is what he does. He makes his fake Republicon argument against Tesla. But in my previous thread I mentioned new and used cars there are high demand. I believe all major car makers have mention supply constraints.

Republicon like the fake guy like to bash Tesla.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 02:29:27 PM
Im a pro in marketing. Keep it up.
You are losing every time you have a conversation with me.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 02:45:06 PM
C'mon eye, Impress us with your creds. Justify why anyone should put any weight in anything you say.  Wow us. As for Tesla, you were the one so impressed with their numbers. I only pointed out in the Context of inflation (the topic of this thread) they are irrelevant.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 02:50:36 PM
C'mon eye, Impress us with your creds. Justify why anyone should put any weight in anything you say.  Wow us. As for Tesla, you were the one so impressed with their numbers. I only pointed out in the Context of inflation (the topic of this thread) they are irrelevant.

In other words: tell me who you are. Everybody can be Anonymous on talk irvine except me? Republicons love the double standard.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 02:56:02 PM
For those who do not know. Bots have a hard time understanding and connecting different paragraphs or posts together. Lets look what I said.

2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.

A. I said demand for new and used cars are high. (Which is a true statement)
B. Many dealerships are not receiving cars top selling cars from the plant. If they do it is 1 or a few. (Which is a true statement)

Regarding Tesla I said there is a huge demand for cars. Also, there are supply issues like all or almost all car manufactures. (Which is a true statement)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 03:00:32 PM
C'mon eye, Impress us with your creds. Justify why anyone should put any weight in anything you say.  Wow us. As for Tesla, you were the one so impressed with their numbers. I only pointed out in the Context of inflation (the topic of this thread) they are irrelevant.

In other words: tell me who you are. Everybody can be Anonymous on talk irvine except me? Republicons love the double standard.


No, I have given you quite a bit of information about me without too many specifics.  What I outlined gives everyone a fair insight into my background and expertise on the topic. It adds weight to the points I try to make.  Just asking the same of you.  You like to bring into question my knowledge and background all the time, only fair to see how you stack up if you're gonna call a kettle black.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 03:04:25 PM
C'mon eye, Impress us with your creds. Justify why anyone should put any weight in anything you say.  Wow us. As for Tesla, you were the one so impressed with their numbers. I only pointed out in the Context of inflation (the topic of this thread) they are irrelevant.

In other words: tell me who you are. Everybody can be Anonymous on talk irvine except me? Republicons love the double standard.


No, I have given you quite a bit of information about me without too many specifics.  What I outlined gives everyone a fair insight into my background and expertise on the topic. It adds weight to the points I try to make.  Just asking the same of you.  You like to bring into question my knowledge and background all the time, only fair to see how you stack up if you're gonna call a kettle black.

You wont even give out your so called license number. Trying to come at me with being anonymous. Stop trying to harass me for my identity. When you wont give up yours.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 03:44:18 PM
C'mon eye, Impress us with your creds. Justify why anyone should put any weight in anything you say.  Wow us. As for Tesla, you were the one so impressed with their numbers. I only pointed out in the Context of inflation (the topic of this thread) they are irrelevant.

In other words: tell me who you are. Everybody can be Anonymous on talk irvine except me? Republicons love the double standard.


No, I have given you quite a bit of information about me without too many specifics.  What I outlined gives everyone a fair insight into my background and expertise on the topic. It adds weight to the points I try to make.  Just asking the same of you.  You like to bring into question my knowledge and background all the time, only fair to see how you stack up if you're gonna call a kettle black.

You wont even give out your so called license number. Trying to come at me with being anonymous. Stop trying to harass me for my identity. When you wont give up yours.

I think everyone would agree they know quite a bit about me without knowing any specifics. They know where I live, what I do for a living, where I’m from and went to school. Why on earth would they want my license number? That doesn’t tell them anything. Everyone knows a great deal about me without giving up some anonymity.  I’m only asking the same of you, why so defensive? Nothing to brag about? Your reluctance tells it all. You are as transparent as the Biden administration. No wonder no one believes you and has your comments on mute.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 06:22:59 PM
Your the Pusss see that dont want to meet up. Stop talking chit
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 06:25:25 PM
Blah blah transparent, mute me, I can care less. Please mute me. Talk Irvine is a trash website.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 06:25:40 PM
Your the Pusss see that dont want to meet up. Stop talking chit

What are you talking about?  Seriously.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 06:26:27 PM
Your the Pusss see that dont want to meet up. Stop talking chit

What are you talking about?  Seriously.

go cry and complain
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 06:26:55 PM
Blah blah transparent, mute me, I can care less. Please mute me. Talk Irvine is a trash website.

Who’s afraid now? ;D ;D
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 06:28:16 PM
Your the Pusss see that dont want to meet up. Stop talking chit

What are you talking about?  Seriously.

go cry and complain

I’m not complaining.  (Making things up…again)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 06:28:50 PM
Your mom
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 06:31:47 PM
Again I dont have to tell you chit.
Go fu5 your self with transparency.
This is a dumb forum and you want transparency. But wont give out your fake license #. Go cry to your mummy.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 06:42:00 PM
Again you flipping the truth
You were wrong regarding Trump. You were wrong on global warming. You were wrong about covid.

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 07:01:57 PM
Again I dont have to tell you chit.
Go fu5 your self with transparency.
This is a dumb forum and you want transparency. But wont give out your fake license #. Go cry to your mummy.


 ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 07:03:53 PM
Again I dont have to tell you chit.
Go fu5 your self with transparency.
This is a dumb forum and you want transparency. But wont give out your fake license #. Go cry to your mummy.

Ok my number is A777012. What ya gonna do with that?
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 02, 2021, 07:34:41 PM
Honestly i dont care bro. Delete it
You take this too seriously. (I hope you know I am joking around)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 02, 2021, 07:47:07 PM
Honestly i dont care bro. Delete it
You take this too seriously. (I hope you know I am joking around)

That’s my point…that’s useless info and not it anyway. ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on September 02, 2021, 09:19:14 PM
Dude... TSLA is fo' real.

Dinosaurs got to dino... some stuff you get right, but even at only 1.5%, Tesla has 75% of the EV market. And while that may decrease as others put out their EVs, Musk has a pretty huge head start in not just technology, assembly and distribution... but more importantly, charging infrastructure.

Other makers wouldn't even be thinking about electrification if not for the roads that Tesla paved.

You got Trump wrong... this one you are also the baloney. :)
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on September 03, 2021, 10:50:31 AM
Again I dont have to tell you chit.
Go fu5 your self with transparency.
This is a dumb forum and you want transparency. But wont give out your fake license #. Go cry to your mummy.

mummy...must be Indian
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on September 03, 2021, 10:51:49 AM
Again I dont have to tell you chit.
Go fu5 your self with transparency.
This is a dumb forum and you want transparency. But wont give out your fake license #. Go cry to your mummy.

mummy...must be Indian

or British hehe
(Just to clarify, I was joking around)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on September 28, 2021, 08:44:51 AM
As I have said all along about inflation and this economy....this administrations inability to understand basic business and economics will doom their legislation...pucker up buttercup...

ECONOMY
Fed Chair Powell to warn Congress that inflation pressures could last longer than expected


https://www.cnbc.com/2021/09/27/fed-chair-powell-to-warn-congress-that-inflation-pressures-could-last-longer-than-expected.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail (https://www.cnbc.com/2021/09/27/fed-chair-powell-to-warn-congress-that-inflation-pressures-could-last-longer-than-expected.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail)

Psaki: It’s ‘Unfair And Absurd’ That Companies Would Raise Costs For Consumers Due To Higher Taxes

White House Press Secretary Jen Psaki claimed during Monday’s press briefing that it would be “unfair and absurd” for companies to raise costs on consumers in response to the Biden administration raising the corporate tax rate.

Forbes noted in a report that it was “important to remember that corporate taxes must be paid by people,” the report said. “Any corporate tax increase will be paid by either shareholders/owners, employees in the form of lower wages, or customers in the form of higher prices.”

https://www.dailywire.com/news/psaki-its-unfair-and-absurd-that-companies-would-raise-costs-for-consumers-due-to-higher-taxes (https://www.dailywire.com/news/psaki-its-unfair-and-absurd-that-companies-would-raise-costs-for-consumers-due-to-higher-taxes)

Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on September 29, 2021, 06:47:17 PM
Dollar store is breaking the dollar. Will the Fed step in??

https://apnews.com/article/business-lifestyle-economy-virginia-prices-21e4bcc5434361d23635a290774e4f0b
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 06, 2021, 11:47:28 AM
Hell's comin...

Oil Briefly Spikes at More Than $80 a Barrel

https://www.barrons.com/articles/oil-prices-today-51632829273 (https://www.barrons.com/articles/oil-prices-today-51632829273)

Natural gas price spikes 25% on soaring demand
https://www.ibtimes.com/natural-gas-price-spikes-25-soaring-demand-3310694 (https://www.ibtimes.com/natural-gas-price-spikes-25-soaring-demand-3310694)

New Zealand central bank raises key interest rate

WELLINGTON, New Zealand (AP) — New Zealand’s central bank raised interest rates for the first time in more than seven years on Wednesday, removing some of the support it put in place when the coronavirus pandemic began.

https://apnews.com/article/coronavirus-pandemic-business-auckland-new-zealand-economy-16204c2fe4bfdd5f5f0863fcd720d097 (https://apnews.com/article/coronavirus-pandemic-business-auckland-new-zealand-economy-16204c2fe4bfdd5f5f0863fcd720d097)


Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on October 06, 2021, 11:54:32 AM
Hell's comin...

Oil Briefly Spikes at More Than $80 a Barrel

https://www.barrons.com/articles/oil-prices-today-51632829273 (https://www.barrons.com/articles/oil-prices-today-51632829273)

Natural gas price spikes 25% on soaring demand
https://www.ibtimes.com/natural-gas-price-spikes-25-soaring-demand-3310694 (https://www.ibtimes.com/natural-gas-price-spikes-25-soaring-demand-3310694)

New Zealand central bank raises key interest rate

WELLINGTON, New Zealand (AP) — New Zealand’s central bank raised interest rates for the first time in more than seven years on Wednesday, removing some of the support it put in place when the coronavirus pandemic began.

https://apnews.com/article/coronavirus-pandemic-business-auckland-new-zealand-economy-16204c2fe4bfdd5f5f0863fcd720d097 (https://apnews.com/article/coronavirus-pandemic-business-auckland-new-zealand-economy-16204c2fe4bfdd5f5f0863fcd720d097)


Get a water bike and peddle accross the bay, store your boats.

Go green and shed weight. Ha ha
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 06, 2021, 12:02:17 PM
Hard to store a 42 foot boat but I got a great place to park it anyway.  Already drive a cart to work and have a home gym so got all that covered. ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 06, 2021, 12:22:36 PM
No market is safe from it...

REAL ESTATE
As mortgage rates shoot even higher, refinance demand plummets 10%


The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased to 3.14% from 3.10%.
Refinance demand fell to the lowest level in three months.
Mortgage applications to purchase a home declined 2% for the week and were 13% lower than the same week one year ago.

https://www.cnbc.com/2021/10/06/as-mortgage-rates-shoot-even-higher-refinance-demand-plummets-10percent.html (https://www.cnbc.com/2021/10/06/as-mortgage-rates-shoot-even-higher-refinance-demand-plummets-10percent.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on October 06, 2021, 12:26:29 PM
Take one look out from the beach on a clear day, our ocean is a parking lot of container ships queued and waiting for the port.

And now we have an oil spill thanks to one of these 70+ ships raking their anchor over a submerged pipeline.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 06, 2021, 12:36:49 PM
...and the boy king is trying to spin the blame on the "evil" carbon producers when it really is the shippers fault for dragging their anchor across a perfectly good pipeline.  I like how they use the panic poRn gallons figure instead of the barrels (only 3000 BARRLELS).  To put that into perspective the Deep Water Horizon spill (quickly forgotten) was 3.2 MILLION BARRELS, EXXON VALDES?  257,000 BARRELS.  The boy king wants to stop ALL oil drilling in Californian, which would only drive energy prices higher and cause further inflation. The fools are truly in charge.
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on October 06, 2021, 01:24:41 PM
The last oil spill in Huntington Beach was back in 1990, about 3x the size of this one, and it was quickly forgotten about after a few months.  It was caused by a tanker ship running over its own anchor and leaking about 400,000+ gallons.  Maybe we should outlaw cargo ships instead of offshore drilling?
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 06, 2021, 02:34:59 PM
Why do republicons always try to spin things?
There was an oil spill, and now he says ban cargo ships? Who said that?
This is why I would never vote republican. They use to be the party of family values and have turned to something else.

Also, the new thing is for governors to fight against the vaccine. (but the real secret is they got the vaccine, oops I was not suppose to say that) Let the Plebs Be! (as long as I am safe) lol
People are waking up!
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 06, 2021, 02:35:51 PM
How does the oil spill have to do with inflation?

Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on October 06, 2021, 02:49:05 PM
The last oil spill in Huntington Beach was back in 1990, about 3x the size of this one, and it was quickly forgotten about after a few months.  It was caused by a tanker ship running over its own anchor and leaking about 400,000+ gallons.  Maybe we should outlaw cargo ships instead of offshore drilling?

Our supply line is fragile and fully loaded.  Frankly, it's a bad design that is completely dependent of cheap ubiquitous labor.  People want to blame the pandemic or blame lack of truckers, but the reality is the ports are at capacity.  The slow downs they are now experiencing is from inefficiencies of trying to run it in over drive.

Doing a truck drop takes 3-4 minutes for a container.  Whether semi or train.  The port needs to clear 500,000 containers a month.  There are 5000-10000 containers per ship.

It's a just in time supply model that is dependent on people spending large numbers of hours not being compensated waiting for their 'spot'.

JIMHO, pretty much nobody has a foot to stand on to complain about the oil leak, 3/4s of all American's possession are tainted with gloablly sourced shit that is 100% dependent on the oil industry and the dirtiest of their products bunker fuel.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on October 07, 2021, 07:54:05 AM
The heavy fuel oil those moored ships burn that requires being heated up first is a huge environmental tax on the blue collar populations of the port-adjacent cities. Up here the A's stadium proposal at Howard Terminal has exposed the racial injustice of port locations, creating some very strange bedfellows in pitting the residents of West Oakland against the established port industrial interests (and associated Unions, the parties mostly culpable for the port slowdowns).
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 07, 2021, 10:09:12 AM
Inflation is your friend....

Real cost of inflation to average American household: An extra $175 a month


Over the past couple of months, Allison, a wife and mother of a toddler and teenager in Chicago, says she’s been spending about $50 more each week on groceries to feed her family — and that’s at a discount supermarket chain, Aldi’s.

“I used to spend $70 a week, but all of sudden this summer, I noticed that I couldn’t leave the store without spending at least $120,” said Allison, who works in education.

Like millions of Americans whose income has not kept pace with inflation — up 5.3 percent in August compared with a year ago — Allison and her family are feeling the pinch of the rising cost of living and giving up some things just to make ends meet.

Her family is scrimping now. “There are no more splurges like going to Home Depot to buy an extra plant or eating out,” Allison said.

https://nypost.com/2021/10/06/cost-of-inflation-to-american-household-extra-175-a-month/ (https://nypost.com/2021/10/06/cost-of-inflation-to-american-household-extra-175-a-month/)

Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on October 08, 2021, 12:44:34 AM
I would move to Texas if I couldn't afford to spurge on an extra plant at Home Depot every now and then.
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on October 08, 2021, 10:21:19 AM
“I used to spend $70 a week, but all of sudden this summer, I noticed that I couldn’t leave the store without spending at least $120,” said Allison, who works in education.

Will somebody please explain to Allison that this all transitory?
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 10:27:16 AM
Looks like there is a oil energy problem in UK and China.
They will not bring it up. Why? Because it doesnt fit their agenda.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 10:28:08 AM
Apparently there are no gas/fuel signs in UK gas stations. (Public information, not insider or fake) google it
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 08, 2021, 10:48:59 AM
Looks like there is a oil energy problem in UK and China.
They will not bring it up. Why? Because it doesnt fit their agenda.

Happy to...that is a situation that was probably avoidable had Chauncy not stuck his nose in it...

How 'sleepy Joe' handed Putin the bargaining chip he is using to hold Europe to ransom in gas crisis: Biden gave the green light to Nord Stream 2 pipeline at center of Russia's threats to cut supplies unless it get final approval
Europe hit by a gas crisis with supplies running low as economies reopen post-Covid, driving prices up
EU has turned to Putin, sitting on the world's largest reserves, to help - but supplies have been held back
Russia's energy minister has now suggested opening the Nord Stream 2 pipeline could get the gas flowing
But experts say current pipes could carry extra supply, and Europe is being held to ransom over the pipe which would mark a major economic and political victory for Putin - handing him more clout on the continent
Pipe was only completed because Joe Biden lifted sanctions on the company constructing it earlier this year

https://www.dailymail.co.uk/news/article-10071975/US-warns-Putin-weaponsing-gas-supplies-backfire.html (https://www.dailymail.co.uk/news/article-10071975/US-warns-Putin-weaponsing-gas-supplies-backfire.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 11:04:49 AM
You brought up Putin not me. Who controls the gas line from Russia to Europe? Not Biden.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 11:06:59 AM
Just like you wanted to stay in Afghanistan another 20 years. Afghanistan cost the tax payers approximately $5.8 trillion dollars according to the USA today news.

Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 11:08:31 AM
Do you remember when the people of HK fought back. They used umbrellas, home made weapons, protested. The Afghanistan people did nothing. (Maybe they did but I didnt see it)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 11:10:09 AM
They paid no taxes to our government and they want the US people to subsidize them?
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 11:11:31 AM
Do you remember when the people of HK fought back. They used umbrellas, home made weapons, protested. The Afghanistan people did nothing. (Maybe they did but I didnt see it)

Afghanistan army had guns not umbrellas and they didnt fight back! What cant I say?
They like ran away or switch sides. Idk smh

(Post Entertainment  purposes only) :D
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 08, 2021, 11:40:59 AM
You brought up Putin not me. Who controls the gas line from Russia to Europe? Not Biden.

We had this under control...like the border...and in retrospect..he was right again...

Trump has long wanted to kill a Russia-Germany natural gas pipeline. Navalny’s poisoning could do it for him

Thanks to the Kremlin, U.S. President Donald Trump may soon see one of his dearest wishes come true.

Nord Stream 2, a nearly completed project that would pipe natural gas from Russia under the Baltic Sea to Germany, has thus far withstood major diplomatic assaults from the United States. But now, with the poisoning of Russian opposition leader Alexei Navalny, there is growing pressure on German Chancellor Angela Merkel to kill the $11 billion scheme.

If Merkel does reverse her long-standing support for Nord Stream 2, as she has for the first time hinted she might do, the beneficiary would likely be the U.S.

‘Totally controlled by Russia’
Nord Stream 2 represents the expansion of an existing Russia-to-Germany gas system called—you guessed it—Nord Stream. The original system was completed in 2012. Nord Stream 2, running mostly in parallel to the existing Nord Stream system, would double its annual capacity to 110 billion cubic meters.

Construction on Nord Stream 2 began in 2018, after Germany granted planning permission for its end point in the northeastern German town of Lubmin.

It did not take long for Trump to express outrage. “Germany is totally controlled by Russia,” he declared during a mid-2018 meeting with NATO top brass. The President tied the matter to his often-stated desire for NATO countries other than the U.S. to step up their defense spending. “So we’re supposed to protect you against Russia, and you pay billions of dollars to Russia, and I think that’s very inappropriate,” he griped.

https://fortune.com/2020/09/08/trump-pipeline-russia-germany-natural-gas-merkel-navalny-poisoned-nord-stream-2/ (https://fortune.com/2020/09/08/trump-pipeline-russia-germany-natural-gas-merkel-navalny-poisoned-nord-stream-2/)

President Donald Trump signed a bill last week that would sanction companies working on the Nord Stream 2 oil pipeline from Russia to Germany, prompting a Swiss company to immediately walk away from the $10 billion project. Germany and Russia are not happy; Russia promised retaliation. The threat of sanctions shows how much economic power the United States still has.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 11:59:29 AM
Again its a Russian Europe thing.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 08, 2021, 11:59:39 AM
We do live in Bizzaro world.  Up is down...down is up....  and so on...I really am waiting for the "Inflation is your friend" from the Ministry of Truth sound bite to hit the airwaves...

'That's progress': Biden insists the worst jobs report of his presidency is a 'significant improvement' and a sign America is 'moving forward' before walking away without taking questions
Biden tried to put a positive spin on the worst jobs report of his presidency
He urged Americans to look at the bigger picture and pushing his infrastructure bills and his trillion-dollar social program
'If you take a step back, look at what's happening, we're actually making real progress. Maybe doesn't seem fast enough - I'd like to see it faster,' he said
'We're making consistent steady progress,' he said
Employers added far fewer jobs than expected for the second month in a row
Economists surveyed by Refinitiv were expecting 500,000 new jobs to be added
Shows the delta COVID variant still has a grip on the economy
Supply chain bottlenecks have also worsened and store shelves are emptying
'Clearly, [Biden's] big government, trillion dollar, socialist plans aren't working. They're just bankrupting Americans,' one Republican wrote on Twitter
'The jobs numbers are pretty good actually...' Biden's chief of staff wrote on Twitter

https://www.dailymail.co.uk/news/article-10073721/Biden-puts-positive-spin-worst-jobs-report-presidency.html (https://www.dailymail.co.uk/news/article-10073721/Biden-puts-positive-spin-worst-jobs-report-presidency.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 12:01:36 PM
You never commented why the Afghan army abandon their post.
If they dont have the will, then what can I say!
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 12:02:56 PM
Why did the people of Hong Kong fight with umbrellas and the Afghan Army had guns they abandon their posts?
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 12:04:05 PM
That was their Alamo moment and they ran away.

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 08, 2021, 12:10:17 PM
Why did the people of Hong Kong fight with umbrellas and the Afghan Army had guns they abandon their posts?

Because Chauncy was in such a rush to get out that he abandoned Bagram, where the evacuation should have been staged, let lose the very terrorist's that killed 13 American soldiers and has stranded 38 American children in Afghanistan just so he could say he got out before 9/11.  Without US support and logistics the end was inevitable and swift to all but President Sniff Your Hair and his spineless Woke General staff.

The L.A. Times:

There are dozens of Sacramento-area families still in the country, according to the San Juan Unified School District. Recently, three families — including seven students — made it back to the U.S. But about 38 students are still there.

“We continue to remain hopeful of their safe return soon,” Raj Rai, director of communications for the school district, told me last week.

The nearby Sacramento City Unified School District told The Times that an Afghan immigrant family with three children enrolled at Ethel I. Baker Elementary sought help in fleeing. The students have not yet returned to the school.

https://www.latimes.com/california/newsletter/2021-10-06/san-diego-sacramento-students-afghanistan-essential-california (https://www.latimes.com/california/newsletter/2021-10-06/san-diego-sacramento-students-afghanistan-essential-california)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 12:17:55 PM
Nope the Afghanistan Prime Minister flew out of the country. Probably the Afghanistan Army said f it? The Afghan army did not fight back. The people of hong kong fought back with umbrellas and protested like no other. (Probably the best we have seen in our lifetime)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 12:20:33 PM
Forget the Afghan Army and the fleeing Afghan Prime Minister. How about the people? Did they fight back?

20 years in Afghanistan, approximately $6 trillion dollars spent. (In a way our taxes is funded their government.)

They didnt even thank us! (Trump voice lol)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 12:22:27 PM
This is the second or third time you care about the Afghan people. Say ho to the troll group for me.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 08, 2021, 12:22:42 PM
Again its a Russian Europe thing.


..also its a worldwide stupidity thing...Led by President Snore and his Global Warming cadre...all self inflicted wounds...

The Worldwide Energy Crunch is a Dire Warning for the United States

Both Europe and communist China are experiencing energy crises at the moment. Although the causes of their energy crunches are different, their experiences offer a dire warning for the United States.

The main culprit of Europe's energy supply shortage is the European Union's unrealistic climate policy. The Paris Agreement sets a goal of limiting global warming to 1.5 degrees Celsius. To meet this goal, Britain and the EU vowed to cut back carbon emissions drastically and become carbon neutral by 2050. Britain and the EU have subsidized renewable energy such as solar and wind while closing hundreds of coal plants. Britain has only two coal plants remaining. Greece plans to shut down coal-fired power plants by 2025, and Finland said it would outright ban coal use by 2030. Germany is on its way to closing all 84 of its coal-fired plants by 2038.

While aggressively closing coal plants, a number of European countries have also banned fracking and some refuse to invest in nuclear energy. These policies have put Britain and the EU at the mercy of renewable energy and natural gas (mostly imported from Russia).


https://www.newsweek.com/worldwide-energy-crunch-dire-warning-united-states-opinion-1634758 (https://www.newsweek.com/worldwide-energy-crunch-dire-warning-united-states-opinion-1634758)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 08, 2021, 12:32:49 PM
Nope the Afghanistan Prime Minister flew out of the country. Probably the Afghanistan Army said f it? The Afghan army did not fight back. The people of hong kong fought back with umbrellas and protested like no other. (Probably the best we have seen in our lifetime)

So you are saying if he stayed all would have been well?  You and Chauncy's generals must read the same press briefings...about Whadia

Defense officials testify they were surprised by Taliban’s swift takeover of Afghanistan

However, though the Pentagon “absolutely missed the rapid 11-day collapse of the Afghan military and the collapse of their government,” senior officials knew Kabul would eventually fall to the Taliban, said Army Gen. Mark Milley, chairman of the Joint Chiefs of Staff.

https://www.stripes.com/theaters/us/2021-09-28/pentagon-chief-defends-execution-of-final-airlift-from-kabul-3051801.html (https://www.stripes.com/theaters/us/2021-09-28/pentagon-chief-defends-execution-of-final-airlift-from-kabul-3051801.html)

Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 12:44:29 PM
I guess you have to ask the PM of Afghanistan why he flew to the UAE according to public news reports.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 12:49:26 PM
Its no shocking surprise, if the leader of your country flees such as the Afghanistan PM. Then I guess they did not want to fight. Nothing shocking. The civilians did not fight back. I think I saw on the news, some welcome the new government.
Really weird!
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 08, 2021, 12:51:19 PM
I guess you have to ask the PM of Afghanistan why he flew to the UAE according to public news reports.

No deed to ask him.  Anyone could see he that knew he could not count on any US help from an unreliable, uncaring, chaotic, precipitous, and dangerous pullout.  He would be dead today if he stayed.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 12:53:42 PM
So your telling me the Hk people has a top secret weapon to fight back that the Aghan Army or people did not know about?
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 12:55:17 PM
The answer is no. The HK people didnt have sh#7. (no weapons) But they had the will and the way to fight back for months.

*I think they organized for change and fought like there was no tomorrow. I think that is what we all saw.

Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 01:02:59 PM
Just say it. They weak. You even know they weak.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 08, 2021, 01:08:20 PM
Weak...not really, they were strong enough to wait us out till we showed our weakness.  Why do you keep talking about HK?....deflection?  diversion?...evasion?  very odd. Back on topic...What ever happened to the "Transient"  and "Temporary" rhetoric?  That was a lie that was obvious from the start...

Inflation is Here to Stay

Last week, Federal Reserve chair Jerome Powell changed his tune about inflation, saying that inflation will run a bit higher and last a bit longer than he expected. Get used to hearing this, because he'll probably have to repeat it over and over during the next few years.
It's not that the Fed doesn't understand what is causing inflation to rise. It sees the basic problem as a surge in demand that the supply side isn't equipped to handle, and that is correct. But the Fed has seriously underestimated the scope of this problem, which goes well beyond the snarled traffic in our ports and the shortage of computer chips. Almost no part of the supply side of the American economy is equipped to respond to the unprecedented rebound in demand, and this will lead to much higher inflation for at least a few years.

The federal stimulus was so large, and so much of it was saved (over $1.5 trillion), that demand could be elevated for years. And that doesn't include the trillions of dollars of infrastructure proposals under consideration. With this much extra demand and very limited capacity to expand supply quickly, there's really no place for prices to go but up. The longer it takes supply to catch up to demand—and for the Fed to catch up with reality—the more inflation we're in for.

https://www.msn.com/en-us/money/markets/inflation-is-here-to-stay-opinion/ar-AAPekku (https://www.msn.com/en-us/money/markets/inflation-is-here-to-stay-opinion/ar-AAPekku)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 01:11:07 PM
Haha I won the argument! Fist in the air!
They didnt even thank us. (Trump voice)

Someone send them a $6 trillion invoice!

(Entertainment purpose only) ;)
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on October 08, 2021, 01:29:19 PM
there is always inflation after a global crisis.  why is this a surprise?
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 01:33:01 PM
Because HK people fought back with nothing and the Afghan PM and Army had guns and they ran away. The rumor is some may have flipped over to the dark side. (Rumor idk)

* post for entertainment only

Weak...not really, they were strong enough to wait us out till we showed our weakness.  Why do you keep talking about HK?....deflection?  diversion?...evasion?  very odd. Back on topic...What ever happened to the "Transient"  and "Temporary" rhetoric?  That was a lie that was obvious from the start...

Inflation is Here to Stay

Last week, Federal Reserve chair Jerome Powell changed his tune about inflation, saying that inflation will run a bit higher and last a bit longer than he expected. Get used to hearing this, because he'll probably have to repeat it over and over during the next few years.
It's not that the Fed doesn't understand what is causing inflation to rise. It sees the basic problem as a surge in demand that the supply side isn't equipped to handle, and that is correct. But the Fed has seriously underestimated the scope of this problem, which goes well beyond the snarled traffic in our ports and the shortage of computer chips. Almost no part of the supply side of the American economy is equipped to respond to the unprecedented rebound in demand, and this will lead to much higher inflation for at least a few years.

The federal stimulus was so large, and so much of it was saved (over $1.5 trillion), that demand could be elevated for years. And that doesn't include the trillions of dollars of infrastructure proposals under consideration. With this much extra demand and very limited capacity to expand supply quickly, there's really no place for prices to go but up. The longer it takes supply to catch up to demand—and for the Fed to catch up with reality—the more inflation we're in for.

https://www.msn.com/en-us/money/markets/inflation-is-here-to-stay-opinion/ar-AAPekku (https://www.msn.com/en-us/money/markets/inflation-is-here-to-stay-opinion/ar-AAPekku)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 08, 2021, 01:33:45 PM
The Afghan PM ran away and he said he will come back. lol
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 11, 2021, 01:13:13 PM
We're #1!!!..We're #1!!!

Global food prices hit their highest level in a DECADE, with US seeing prices of meat, poultry, fish and eggs rocketing by 15.7% in two years as experts warn soaring energy costs could drive them even higher
The United Nation's Food and Agriculture Organization food price index reached a 10-year high last month, reflecting skyrocketing worldwide food prices
Globally, the price of vegetable oil increased by 60percent during the past year
US shoppers are also experiencing sticker shock, with the price of bacon up 17percent, and beef costing meat-eating consumers an extra 12.2percent
Experts are attributing the rising costs on rising energy costs and other factors

https://www.dailymail.co.uk/news/article-10080721/Global-food-prices-hit-highest-level-DECADE-experts-warn-worse.html (https://www.dailymail.co.uk/news/article-10080721/Global-food-prices-hit-highest-level-DECADE-experts-warn-worse.html)

Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 11, 2021, 01:41:10 PM
The Afghan PM ran away and he said he will come back. lol

How come fox news did not cover the Afghan PM fleeing or members of the Afghanistan army joining the Taliban? Also, how come they didnt cover the army leaving their post?
Maybe they did, but this should of been the headline: 300k Afghan army and leader ran away (now that is a headline and will get many views by everyone shaking their heads)

(Entertainment purposes only)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 11, 2021, 02:00:49 PM
..and even if you can afford to buy it...they wont have it anyway...just like the good old USSR. (for those of you too young...the  Union of Soviet Socialist Republics)...Can't wait to get there...I hear its a Utopia.. ;D ;D >:D

America's bare shelves: Walmart and Costco limit toilet paper sales while toy companies warn parents their kids' Christmas gifts won't arrive in time thanks to backlog at ports, rail yards and on the roads

Supply chain problems that have been tormenting retailers for months are showing up in America's stores
Around the country, there are shortages of goods on shelves in Target, Costco, Home Depot and Sears
The issues aren't specific to any one type of good and are down to problems with shipping and distribution
Cargo ships off can't get into overworked ports to drop off goods and are hovering off the coast
There is a global shortage in truck drivers which is stalling distribution of goods and railroads are also jammed
The cost of shipping a single container from China to LA reached $20,000 last month - four times what it cost last October
There are fears that some of the backed-up ships at the port in L.A. will not be emptied before Black Friday - the biggest retail day of the year and the start of the Christmas shopping season
Some retailers are telling people to buy Christmas gifts now to ensure they arrive on time
There is no immediate end in sight: Biden has launched a White House supply chain task force but businesses fear the problems will stretch on for months yet
Federal Reserve Chairman Jerome Powell predicts the issues will last until next year - which will prolong inflation

https://www.dailymail.co.uk/news/article-10079935/The-shortage-Shelves-bare-delays-deliveries-pharmacies-without-medication.html (https://www.dailymail.co.uk/news/article-10079935/The-shortage-Shelves-bare-delays-deliveries-pharmacies-without-medication.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on October 11, 2021, 02:37:10 PM
MK - If you didn't catch Jim Grant on Consuelo Mack's PBS show last week you should look it up. As usual his takes are incisive and incredulous at where we are on the 50th anniversary of Bretton Woods and 40th anniversary of peak US interest rates.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 11, 2021, 02:49:08 PM
James Grant is the Nourial Roubini of the Fed balance sheet....Really Scary stuff if what he says comes true.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on October 11, 2021, 03:18:20 PM
Roubini was my guy back in 2006/7 - I learned SO much from his old rgemonitor blog. I moved everything into Treasuries and sidestepped the 2008 equity hit. Everything he predicted would have come true if the Fed's appetite for moral hazard was greater than anyone could have foreseen.

Funny story on the interest rate peak: My dad used to kite $90K checks between a few S&Ls back in that timeframe when it would take 4 days to settle - made a few hundred $ extra/month doing that. One Saturday morning one of his S&Ls was shown on the news as having been taken over by the FSLIC (San Marino S&L). His very dark face went pale and he raced over as his last check out from that bank was >than the $100K insured limit, and it ended up having cleared that Friday.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 11, 2021, 03:29:45 PM
Roubini was my guy back in 2006/7 - I learned SO much from his old rgemonitor blog. I moved everything into Treasuries and sidestepped the 2008 equity hit. Everything he predicted would have come true if the Fed's appetite for moral hazard was greater than anyone could have foreseen.

Funny story on the interest rate peak: My dad used to kite $90K checks between a few S&Ls back in that timeframe when it would take 4 days to settle - made a few hundred $ extra/month doing that. One Saturday morning one of his S&Ls was shown on the news as having been taken over by the FSLIC (San Marino S&L). His very dark face went pale and he raced over as his last check out from that bank was >than the $100K insured limit, and it ended up having cleared that Friday.

OMG i so remember people doing that...they'd run $100Gs from one bank to the other every few days.  Didn't last long but I love America...if there is way to game the system, someone will find it until the hole gets plugged.  Why I never liked unemployment and EBT...some truly deserve the help but most are just ripping off the system (us). ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 12, 2021, 10:27:06 PM
Haha!! I knew this narrative would be trotted out soon…the “it’s different this time” line is sure to follow.  Don’t believe them!!

America Needs Higher, Longer-Lasting Inflation
The benefits of moderately rising prices and wages outweigh the costs.

https://www.bloomberg.com/opinion/articles/2021-10-11/transitory-inflation-the-fed-should-strive-to-make-it-permanent (https://www.bloomberg.com/opinion/articles/2021-10-11/transitory-inflation-the-fed-should-strive-to-make-it-permanent)
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on October 12, 2021, 10:41:09 PM
The author argues that a 4% inflation target would have benefits over a 2% inflation target

And your rebuttal is "tHeY sAiD iT wOuLd bE trAnSiToRy!" ?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 13, 2021, 10:24:05 AM
The author argues that a 4% inflation target would have benefits over a 2% inflation target

And your rebuttal is "tHeY sAiD iT wOuLd bE trAnSiToRy!" ?

Blew right by that....

ECONOMY
Consumer prices rise more than expected as energy costs surge


Consumer prices overall rose 0.4% in September, pushing the year-over-year gain to 5.4%.

https://www.cnbc.com/2021/10/13/the-consumer-price-index-rose-5point4percent-year-over-year-in-september-vs-5point3percent-estimate.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail (https://www.cnbc.com/2021/10/13/the-consumer-price-index-rose-5point4percent-year-over-year-in-september-vs-5point3percent-estimate.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail)
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on October 13, 2021, 10:25:59 AM
Ok so you just didn't understand the article at all
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 13, 2021, 10:43:57 AM
Yes, I do. And on certain areas I agree that a nominal level of inflation is healthy.  Unfortunately, I have never trusted the numbers as an accurate reflection of reality when it comes to inflation.  If the government says it 2% its probably really 4%.  Remember, just a year ago the target level of inflation that the fed set was 2%.  That was a level that above was not considered health and needed Fed attention.  What I am laboring to point out is that is inflation is here and it is not 4 or even 5...its is much higher and its not "transient".  The narrative is now shifting from its "only temporary" to "its OK...inflation is your friend."   It is not, and the real level of inflation and where it will probably be going is not healthy at all.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on October 13, 2021, 11:09:21 AM
Recently my customer wanted to buy $36,000 worth of goods.
I told her the new price would be $48,000 and it would take about 7 months to get to NY.

She accepted the new price, but could not accept the lead time.  She said she was going to find another maker.
That was a week ago.  Today she sent me the PO.


The factories that are running 100% and not getting fucked by covid are picking up a lot of extra business. 
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 13, 2021, 11:14:36 AM
Another inflation driven cost that this government cannot afford due to inflation.  Additionally the SS cap will also move up to $147,000.00 so there goes the "Taxes wont go up one cent for those under $400,000.00" ...and it wont cover the costs...Bye Bye.

Biden will give around 70M retirees a 5.9% boost in Social Security payments in the biggest cost of living adjustment in 39 years - to keep up with rampant inflation under his administration
Social Security Administration has not raised benefits so drastically year-over-year since 1982
Social security checks will raise 5.9%, about $92 for the average retired worker, in a shocking display of inflation
A typical retired worker will now receive $1,657 a month starting next year
To account for the added cost to taxpayers, the Social Security tax will be applied to earnings up to $147,000 in 2022, up from $142,800 this year
The increase will hit the paychecks of 12million high-income workers


https://www.dailymail.co.uk/news/article-10088133/Bidens-Social-Security-Administration-70-million-retirees-5-9-boost-payments.html (https://www.dailymail.co.uk/news/article-10088133/Bidens-Social-Security-Administration-70-million-retirees-5-9-boost-payments.html)

Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 13, 2021, 11:26:03 AM
Recently my customer wanted to buy $36,000 worth of goods.
I told her the new price would be $48,000 and it would take about 7 months to get to NY.

She accepted the new price, but could not accept the lead time.  She said she was going to find another maker.
That was a week ago.  Today she sent me the PO.


The factories that are running 100% and not getting fucked by covid are picking up a lot of extra business.

If the factory is in China, they might have electricity problems.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on October 13, 2021, 11:41:25 AM
I think you better spend that $100 in your pocket today because in 6 months it's going to be only worth $80.
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on October 13, 2021, 10:23:48 PM
I think you better spend that $100 in your pocket today because in 6 months it's going to be only worth $80.
I told my wife that a couple months ago.  If you're on the fence about something, just buy it.
Title: Re: INFLATION IS OUR FRIEND
Post by: aquabliss on October 14, 2021, 12:56:49 AM
I think you better spend that $100 in your pocket today because in 6 months it's going to be only worth $80.
I told my wife that a couple months ago.  If you're on the fence about something, just buy it.

If I told my wife that I’d have a reservation for a new Model X in my inbox 10min later.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 14, 2021, 08:24:06 AM
What an out of touch douche...higher prices are good remember?  Those complainers are just a bunch of billionaires who can afford more expensive steak!!!

White House Chief of Staff Ron Klain promotes tweet calling inflation and the supply chain chaos 'high class problems': GOP tears into 'clueless' and 'tone-death' White House for response to Biden's growing crises
White House Chief of Staff Ron Klain agreed Wednesday U.S. economic issues – including inflation and supply chain delays – are 'high class problems'
Responding to Obama's former chairman of the Council of Economic Advisers saying problems would be 'much worse' if the unemployment was still at 10%
Republicans criticized Klain and said it shows the White House is 'tone-deaf' on policies hurting American families
White House Press Secretary Jen Psaki confusingly said Wednesday inflation has fallen by 50% in recent months
The Labor Department numbers show that compared to September 2020, consumer prices have risen 5.4% – a 13-year high

https://www.dailymail.co.uk/news/article-10091939/WH-Ron-Klain-promotes-tweet-calling-inflation-supply-chain-crisis-high-class-problems.html (https://www.dailymail.co.uk/news/article-10091939/WH-Ron-Klain-promotes-tweet-calling-inflation-supply-chain-crisis-high-class-problems.html)

Psaki brushed off inflation concerns like it was no big deal.

“We all understand the American people are not looking at cost-to-cost comparisons from this year to two years ago,” Psaki said.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 14, 2021, 08:34:51 AM
Thanks guys...who needs heat anyway?..

Feds to Americans: Expect your heating bills to soar big-time this winter — as much as 54%

https://www.eia.gov/todayinenergy/detail.php?id=49936 (https://www.eia.gov/todayinenergy/detail.php?id=49936)
Title: Re: INFLATION IS OUR FRIEND
Post by: aquabliss on October 14, 2021, 08:37:57 AM
When people refer to heating bill going up are they talking about gas bill or electricity bill?  In the winter if we use the heat, my gas bill goes from like $14 to $22.  Not a bank breaker.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 14, 2021, 08:47:32 AM
When people refer to heating bill going up are they talking about gas bill or electricity bill?  In the winter if we use the heat, my gas bill goes from like $14 to $22.  Not a bank breaker.

I have an old fashioned in floor gas heater...winter my gas bill quadruples.  This whole thing really doesn't affect us.  Mid-West and East coast use enormous amounts of energy to heat in the winter.
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on October 14, 2021, 10:59:26 AM
When people refer to heating bill going up are they talking about gas bill or electricity bill?  In the winter if we use the heat, my gas bill goes from like $14 to $22.  Not a bank breaker.

That's because you don't live in a place that looks like this.

(https://www.ocregister.com/wp-content/uploads/migration/kcb/kcb31y-backstoryirvine.560.jpg?w=620)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 14, 2021, 12:06:48 PM
A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

Except gas now is about $4.00. Stop lying.

Also, what does that have to do with anything? A year ago, demand was less because fewer people were driving. I mean, seriously. Stop using misinformation.

You were saying?.... ;D ;D >:D
Gas prices hit $5 in Manhattan

NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.

A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan (https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 14, 2021, 12:24:13 PM
but many people take public transportation in NYC
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 14, 2021, 12:25:51 PM
They ran out of gas in UK stations. There is a global energy crisis. I thought he is a financial expert.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 14, 2021, 12:37:01 PM
They ran out of gas in UK stations. There is a global energy crisis. I thought he is a financial expert.

Saw this coming a mile away (Biden just couldn't help themselves)  took full advantage.  Money, money, money!
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on October 14, 2021, 01:27:37 PM
A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

Except gas now is about $4.00. Stop lying.

Also, what does that have to do with anything? A year ago, demand was less because fewer people were driving. I mean, seriously. Stop using misinformation.

You were saying?.... ;D ;D >:D
Gas prices hit $5 in Manhattan

NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.

A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan (https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan)

What does Manhattan have to do with OC? It's $4.xx in OC.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on October 14, 2021, 01:40:37 PM
Given the US fracking providers were all told to get their balance sheets in order I can see a further constriction of supply and $200/bbl oil, which will go a long way to fixing those balance sheets.

More stoked than ever on my base Model 3 + 26% subsidized Tesla Solar + PW as the more electric cars get sold the tougher it will be for the CA utilities to supply enough juice to the grid. Tesla now even offers a new way to get paid by sharing my PW for a neighborhood micro grid - not happening!!
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 14, 2021, 01:53:19 PM
A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

Except gas now is about $4.00. Stop lying.

Also, what does that have to do with anything? A year ago, demand was less because fewer people were driving. I mean, seriously. Stop using misinformation.

You were saying?.... ;D ;D >:D
Gas prices hit $5 in Manhattan

NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.

A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan (https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan)

What does Manhattan have to do with OC? It's $4.xx in OC.

When did I ever specify OC?...doesn't matter, if it in the high $4's now it will be $5 soon enough with oil at $81.51 a barrel today.  Remember...inflation is your friend.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on October 14, 2021, 01:55:26 PM
When did I ever specify OC?...doesn't matter, if it in the high $4's now it will be $5 soon enough with oil at $81.51 a barrel today.  Remember...inflation is your friend.

Well, considering this is OC forum. And it just barely reached $4.00.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 14, 2021, 02:07:18 PM
OK...you live in California right?  This is a California forum, right?  A 47% increase in per gallon prices since Granpa Joe took over is inflationary, right?  Or is this some of that friendly inflation we have been talking about?

CALIFORNIA AVERAGE GAS PRICES
                      Regular   Mid-Grade   Premium   Diesel
Current Avg.   $4.455   $4.640   $4.767   $4.524
Yesterday Avg.   $4.448   $4.636   $4.760   $4.513
Week Ago Avg.   $4.429   $4.615   $4.741   $4.468
Month Ago Avg.   $4.393   $4.586   $4.710   $4.390
Year Ago Avg.   $3.203   $3.385   $3.505   $3.344
HIGHEST RECORDED AVERAGE PRICE
Price   Date
Regular Unleaded         $4.671   10/9/12
Diesel                       $5.152   5/30/08


Orange County
                      Regular      Mid       Premium   Diesel
Current Avg.   $4.413   $4.616   $4.721   $4.454
Yesterday Avg.   $4.409   $4.609   $4.715   $4.443
Week Ago Avg.   $4.399   $4.598   $4.700   $4.378
Month Ago Avg.   $4.361   $4.560   $4.664   $4.271
Year Ago Avg.   $3.158   $3.341   $3.445   $3.234
HIGHEST RECORDED AVERAGE PRICE
Price   Date
Regular Unleaded         $4.690   10/8/12
Diesel                       $5.164   5/30/08

https://gasprices.aaa.com/?state=CA (https://gasprices.aaa.com/?state=CA)
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on October 14, 2021, 02:31:56 PM
maybe he should ban air travel to get the $/barrel back down
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 14, 2021, 02:46:21 PM
Energy global crisis. I think Putin recently says oil might go to $100. Idk
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 14, 2021, 02:51:58 PM
This is noted in the global crisis thread.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on October 14, 2021, 02:53:10 PM
OK...you live in California right?  This is a California forum, right?  A 47% increase in per gallon prices since Granpa Joe took over is inflationary, right?  Or is this some of that friendly inflation we have been talking about?

CALIFORNIA AVERAGE GAS PRICES
                      Regular   Mid-Grade   Premium   Diesel
Current Avg.   $4.455   $4.640   $4.767   $4.524
Yesterday Avg.   $4.448   $4.636   $4.760   $4.513
Week Ago Avg.   $4.429   $4.615   $4.741   $4.468
Month Ago Avg.   $4.393   $4.586   $4.710   $4.390
Year Ago Avg.   $3.203   $3.385   $3.505   $3.344
HIGHEST RECORDED AVERAGE PRICE
Price   Date
Regular Unleaded         $4.671   10/9/12
Diesel                       $5.152   5/30/08


Orange County
                      Regular      Mid       Premium   Diesel
Current Avg.   $4.413   $4.616   $4.721   $4.454
Yesterday Avg.   $4.409   $4.609   $4.715   $4.443
Week Ago Avg.   $4.399   $4.598   $4.700   $4.378
Month Ago Avg.   $4.361   $4.560   $4.664   $4.271
Year Ago Avg.   $3.158   $3.341   $3.445   $3.234
HIGHEST RECORDED AVERAGE PRICE
Price   Date
Regular Unleaded         $4.690   10/8/12
Diesel                       $5.164   5/30/08

https://gasprices.aaa.com/?state=CA (https://gasprices.aaa.com/?state=CA)

Do you even understand why there's price increase? Do you understand supply and demand? Like I said, it has absolutely NOTHING whatsoever who's the President. Stop being dense.
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on October 14, 2021, 03:01:40 PM
Except here in LA/OC, I was paying $4.50 a gallon in 2008.

OK...you live in California right?  This is a California forum, right?  A 47% increase in per gallon prices since Granpa Joe took over is inflationary, right?  Or is this some of that friendly inflation we have been talking about?

CALIFORNIA AVERAGE GAS PRICES
                      Regular   Mid-Grade   Premium   Diesel
Current Avg.   $4.455   $4.640   $4.767   $4.524
Yesterday Avg.   $4.448   $4.636   $4.760   $4.513
Week Ago Avg.   $4.429   $4.615   $4.741   $4.468
Month Ago Avg.   $4.393   $4.586   $4.710   $4.390
Year Ago Avg.   $3.203   $3.385   $3.505   $3.344
HIGHEST RECORDED AVERAGE PRICE
Price   Date
Regular Unleaded         $4.671   10/9/12
Diesel                       $5.152   5/30/08


Orange County
                      Regular      Mid       Premium   Diesel
Current Avg.   $4.413   $4.616   $4.721   $4.454
Yesterday Avg.   $4.409   $4.609   $4.715   $4.443
Week Ago Avg.   $4.399   $4.598   $4.700   $4.378
Month Ago Avg.   $4.361   $4.560   $4.664   $4.271
Year Ago Avg.   $3.158   $3.341   $3.445   $3.234
HIGHEST RECORDED AVERAGE PRICE
Price   Date
Regular Unleaded         $4.690   10/8/12
Diesel                       $5.164   5/30/08

https://gasprices.aaa.com/?state=CA (https://gasprices.aaa.com/?state=CA)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 14, 2021, 03:06:42 PM
OK...you live in California right?  This is a California forum, right?  A 47% increase in per gallon prices since Granpa Joe took over is inflationary, right?  Or is this some of that friendly inflation we have been talking about?

CALIFORNIA AVERAGE GAS PRICES
                      Regular   Mid-Grade   Premium   Diesel
Current Avg.   $4.455   $4.640   $4.767   $4.524
Yesterday Avg.   $4.448   $4.636   $4.760   $4.513
Week Ago Avg.   $4.429   $4.615   $4.741   $4.468
Month Ago Avg.   $4.393   $4.586   $4.710   $4.390
Year Ago Avg.   $3.203   $3.385   $3.505   $3.344
HIGHEST RECORDED AVERAGE PRICE
Price   Date
Regular Unleaded         $4.671   10/9/12
Diesel                       $5.152   5/30/08


Orange County
                      Regular      Mid       Premium   Diesel
Current Avg.   $4.413   $4.616   $4.721   $4.454
Yesterday Avg.   $4.409   $4.609   $4.715   $4.443
Week Ago Avg.   $4.399   $4.598   $4.700   $4.378
Month Ago Avg.   $4.361   $4.560   $4.664   $4.271
Year Ago Avg.   $3.158   $3.341   $3.445   $3.234
HIGHEST RECORDED AVERAGE PRICE
Price   Date
Regular Unleaded         $4.690   10/8/12
Diesel                       $5.164   5/30/08

https://gasprices.aaa.com/?state=CA (https://gasprices.aaa.com/?state=CA)

Do you even understand why there's price increase? Do you understand supply and demand? Like I said, it has absolutely NOTHING whatsoever who's the President. Stop being dense.

Far more than you could ever understand…On these topics I am far more qualified to comment on them then you. But let’s not get into a resume pissing match… ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on October 14, 2021, 03:09:17 PM
OK...you live in California right?  This is a California forum, right?  A 47% increase in per gallon prices since Granpa Joe took over is inflationary, right?  Or is this some of that friendly inflation we have been talking about?

CALIFORNIA AVERAGE GAS PRICES
                      Regular   Mid-Grade   Premium   Diesel
Current Avg.   $4.455   $4.640   $4.767   $4.524
Yesterday Avg.   $4.448   $4.636   $4.760   $4.513
Week Ago Avg.   $4.429   $4.615   $4.741   $4.468
Month Ago Avg.   $4.393   $4.586   $4.710   $4.390
Year Ago Avg.   $3.203   $3.385   $3.505   $3.344
HIGHEST RECORDED AVERAGE PRICE
Price   Date
Regular Unleaded         $4.671   10/9/12
Diesel                       $5.152   5/30/08


Orange County
                      Regular      Mid       Premium   Diesel
Current Avg.   $4.413   $4.616   $4.721   $4.454
Yesterday Avg.   $4.409   $4.609   $4.715   $4.443
Week Ago Avg.   $4.399   $4.598   $4.700   $4.378
Month Ago Avg.   $4.361   $4.560   $4.664   $4.271
Year Ago Avg.   $3.158   $3.341   $3.445   $3.234
HIGHEST RECORDED AVERAGE PRICE
Price   Date
Regular Unleaded         $4.690   10/8/12
Diesel                       $5.164   5/30/08

https://gasprices.aaa.com/?state=CA (https://gasprices.aaa.com/?state=CA)

Do you even understand why there's price increase? Do you understand supply and demand? Like I said, it has absolutely NOTHING whatsoever who's the President. Stop being dense.

Far more than you could ever understand…On these topics I am far more qualified to comment on them then you. But let’s not get into a resume pissing match… ;D ;D >:D

And yet you blame Biden for it? Okay, buddy.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 14, 2021, 03:14:23 PM
OK...you live in California right?  This is a California forum, right?  A 47% increase in per gallon prices since Granpa Joe took over is inflationary, right?  Or is this some of that friendly inflation we have been talking about?

CALIFORNIA AVERAGE GAS PRICES
                      Regular   Mid-Grade   Premium   Diesel
Current Avg.   $4.455   $4.640   $4.767   $4.524
Yesterday Avg.   $4.448   $4.636   $4.760   $4.513
Week Ago Avg.   $4.429   $4.615   $4.741   $4.468
Month Ago Avg.   $4.393   $4.586   $4.710   $4.390
Year Ago Avg.   $3.203   $3.385   $3.505   $3.344
HIGHEST RECORDED AVERAGE PRICE
Price   Date
Regular Unleaded         $4.671   10/9/12
Diesel                       $5.152   5/30/08


Orange County
                      Regular      Mid       Premium   Diesel
Current Avg.   $4.413   $4.616   $4.721   $4.454
Yesterday Avg.   $4.409   $4.609   $4.715   $4.443
Week Ago Avg.   $4.399   $4.598   $4.700   $4.378
Month Ago Avg.   $4.361   $4.560   $4.664   $4.271
Year Ago Avg.   $3.158   $3.341   $3.445   $3.234
HIGHEST RECORDED AVERAGE PRICE
Price   Date
Regular Unleaded         $4.690   10/8/12
Diesel                       $5.164   5/30/08

https://gasprices.aaa.com/?state=CA (https://gasprices.aaa.com/?state=CA)

Do you even understand why there's price increase? Do you understand supply and demand? Like I said, it has absolutely NOTHING whatsoever who's the President. Stop being dense.

Far more than you could ever understand…On these topics I am far more qualified to comment on them then you. But let’s not get into a resume pissing match… ;D ;D >:D

And yet you blame Biden for it? Okay, buddy.

Yeah, he does not want to talk about the global energy crisis. He will do anything to try to make fun of Biden. This same guy praised the Russian Army. He has made fun of US female soldiers. He does not know about NYC transportation. Maybe he does not live in the US.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 14, 2021, 03:18:22 PM
Certainly policy and tenure of this administration has contributed mightily in a real and perceived way. Whether you believe that or not, the electorate will. Other administrations would at least try to address the pricing ( release oil from the SPR or open investigations into evil oil companies) but this douche likes high energy costs…he thinks it will save the planet.  However, producers do take cues from policy and they will be slow to increase domestic production to ease supply so prices will continue this ascent for now.
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on October 14, 2021, 04:25:35 PM
Gas pricing is a combination of demand use, available oil to distill, taxation, and storage.

Per Reuters, 2020 saw 8.0 million barrels per day of oil use, with 2021 expected to climb to 8.8 million BPD. (+10%)

In 2020 US production reached 16.5m BPD.
In 2021 it's to fall to about 11.12m BPD per the US Energy Information Administration.  (-31%)

Per the IAE International production through 2026 will still meet world demand.

https://www.iea.org/reports/oil-2021

so..... if demand is increasing, International production still able to meet said demand but US production is falling, a major reason for gas prices rising is because something happened in 2021 that caused US production to fall. It wasn't the cost of a barrel of oil that kept producers from drilling. Oil prices have been rising from 2021's average of $39 to 2021's average of $65 per barrel. It's not shortages from other nations. It's not fracking bans ( https://www.foodandwaterwatch.org/2021/09/15/federal-drilling-and-fracking-update-biden-promised-a-ban-hes-doing-the-opposite/ )

High local prices are more than likely due to wage and taxation policies here in The Soviet Republic of California. That's on Newsom. Why else would gas in Arizona average $3.37 PG? Why else would gas in Nevada average $3.86 PG? Why else would gas average $3.76 in Oregon? The other reason would be the price suppression that increased US production represented during 2017-2020 but no longer exists today. Given the current administrations stance on fossil fuels would anyone want to "drill baby drill"? That part is on Joe and Congress.

As referenced by some, "May we live during interesting times". Indeed we are.
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on October 14, 2021, 05:43:53 PM
I mean, the opposition to fossil fuels isn't just for funsies

(incoming daily mail article about the "green mafia" or something)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 14, 2021, 06:21:51 PM
Say that to yourself that the high energy prices is only in California and no other place in the world. Forget what Putin just said.

Gas pricing is a combination of demand use, available oil to distill, taxation, and storage.

Per Reuters, 2020 saw 8.0 million barrels per day of oil use, with 2021 expected to climb to 8.8 million BPD. (+10%)

In 2020 US production reached 16.5m BPD.
In 2021 it's to fall to about 11.12m BPD per the US Energy Information Administration.  (-31%)

Per the IAE International production through 2026 will still meet world demand.

https://www.iea.org/reports/oil-2021

so..... if demand is increasing, International production still able to meet said demand but US production is falling, a major reason for gas prices rising is because something happened in 2021 that caused US production to fall. It wasn't the cost of a barrel of oil that kept producers from drilling. Oil prices have been rising from 2021's average of $39 to 2021's average of $65 per barrel. It's not shortages from other nations. It's not fracking bans ( https://www.foodandwaterwatch.org/2021/09/15/federal-drilling-and-fracking-update-biden-promised-a-ban-hes-doing-the-opposite/ )

High local prices are more than likely due to wage and taxation policies here in The Soviet Republic of California. That's on Newsom. Why else would gas in Arizona average $3.37 PG? Why else would gas in Nevada average $3.86 PG? Why else would gas average $3.76 in Oregon? The other reason would be the price suppression that increased US production represented during 2017-2020 but no longer exists today. Given the current administrations stance on fossil fuels would anyone want to "drill baby drill"? That part is on Joe and Congress.

As referenced by some, "May we live during interesting times". Indeed we are.
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on October 14, 2021, 06:35:26 PM
President Obama left office with Federal expenditures of $3.9T.
Donald Trump left office four years later with expenditures at $7.2T.
And the year before he left at $6.5T.

That’s a lot of juice.

And projections for the next four years are for expenditures to remain above $6T.

Magically our tax revenue will increase from $3.5T where it’s been growing at the rate of GDP growth for the last decade to $5.3T.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on October 14, 2021, 07:58:40 PM
I think it's funny that we complain about $5/gallon for gas. Have you guys ever went to Europe? They are probably close to $10/gallon now. When I was in Iceland and Norway, it was $7-$8/gallon.

Honestly, I don't care if gas gets more expensive. Driving should be a luxury like it is in Singapore. A Toyota Corolla costs 100k USD and the driving permit is around 30k USD. Not factoring in that you need to change cars every 10 years and renew your permit then as well. We will then be forced to build mass transit and follow other first world countries (China/HK/Japan/Taiwan/Europe). If you need a car? Rent one. I honestly hate owning a car and would rather take public transportation if that option was efficient as other first world counterparts. A depreciating asset is a waste of money and time in traffic is a waste of time.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on October 14, 2021, 08:08:43 PM
Mass transit/public transportation sucks balls in SoCal and unfortunately most people need a car to get around SoCal because of suburban sprawl (which has increased with the work-from-home movement).  Unfortunately the kind of higher inflation that we are seeing is hurting those folks on the lower side of the social economic status a lot worse than everyone else even with the higher entry level wages being offered (businesses are passing on those higher labor costs to customers).
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on October 14, 2021, 08:22:07 PM
Mass transit/public transportation sucks balls in SoCal and unfortunately most people need a car to get around SoCal because of suburban sprawl (which has increased with the work-from-home movement).  Unfortunately the kind of higher inflation that we are seeing is hurting those folks on the lower side of the social economic status a lot worse than everyone else even with the higher entry level wages being offered (businesses are passing on those higher labor costs to customers).
If China can build mass transit and have that be the dominant form of transportation, America has no excuse as to why it can't be done. Suburban neighborhoods in SoCal are not bigger than China.

People always get fixated on the cost of mass transit, but never understand the benefits of it. If you had mass transit, people on the lower side of the social economic status will benefit the most. They wouldn't need to pay for a car (car payments, insurance, gas, maintenance), they would have access to higher paying jobs in the city without needing to be stuck in traffic, living away from city but getting city pay means housing affordability isn't an issue, traffic would be less of a problem, more jobs to the economy, etc. Benefits far outweigh the cons, but of course, politics and lobbying by the car manufacturers get in the way of making any progress in mass transit.

Oh and not to mention that having mass transit would actually help with the obesity problem. Because it will force you to walk to the station and to your destination. Instead of sitting all day long.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 14, 2021, 08:26:38 PM
I think it's funny that we complain about $5/gallon for gas. Have you guys ever went to Europe? They are probably close to $10/gallon now. When I was in Iceland and Norway, it was $7-$8/gallon.

Honestly, I don't care if gas gets more expensive. Driving should be a luxury like it is in Singapore. A Toyota Corolla costs 100k USD and the driving permit is around 30k USD. Not factoring in that you need to change cars every 10 years and renew your permit then as well. We will then be forced to build mass transit and follow other first world countries (China/HK/Japan/Taiwan/Europe). If you need a car? Rent one. I honestly hate owning a car and would rather take public transportation if that option was efficient as other first world counterparts. A depreciating asset is a waste of money and time in traffic is a waste of time.

We talked about on talk irvine in a different thread previously regarding the lack of public transportation in OC.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on October 14, 2021, 08:30:53 PM
Mass transit/public transportation sucks balls in SoCal and unfortunately most people need a car to get around SoCal because of suburban sprawl (which has increased with the work-from-home movement).  Unfortunately the kind of higher inflation that we are seeing is hurting those folks on the lower side of the social economic status a lot worse than everyone else even with the higher entry level wages being offered (businesses are passing on those higher labor costs to customers).
If China can build mass transit and have that be the dominant form of transportation, America has no excuse as to why it can't be done. Suburban neighborhoods in SoCal are not bigger than China.

People always get fixated on the cost of mass transit, but never understand the benefits of it. If you had mass transit, people on the lower side of the social economic status will benefit the most. They wouldn't need to pay for a car (car payments, insurance, gas, maintenance), they would have access to higher paying jobs in the city without needing to be stuck in traffic, living away from city but getting city pay means housing affordability isn't an issue, traffic would be less of a problem, more jobs to the economy, etc. Benefits far outweigh the cons, but of course, politics and lobbying by the car manufacturers get in the way of making any progress in mass transit.

Oh and not to mention that having mass transit would actually help with the obesity problem. Because it will force you to walk to the station and to your destination. Instead of sitting all day long.

Of course mass transit CAN be built out but it won't because there is so much wasted gov't spending.  Why did they even spend any time and money on a high speed train from SoCal to NorCal and SoCal to Vegas? Those funds could have been better spent on local mass transit.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on October 14, 2021, 08:46:08 PM
Mass transit/public transportation sucks balls in SoCal and unfortunately most people need a car to get around SoCal because of suburban sprawl (which has increased with the work-from-home movement).  Unfortunately the kind of higher inflation that we are seeing is hurting those folks on the lower side of the social economic status a lot worse than everyone else even with the higher entry level wages being offered (businesses are passing on those higher labor costs to customers).
If China can build mass transit and have that be the dominant form of transportation, America has no excuse as to why it can't be done. Suburban neighborhoods in SoCal are not bigger than China.

People always get fixated on the cost of mass transit, but never understand the benefits of it. If you had mass transit, people on the lower side of the social economic status will benefit the most. They wouldn't need to pay for a car (car payments, insurance, gas, maintenance), they would have access to higher paying jobs in the city without needing to be stuck in traffic, living away from city but getting city pay means housing affordability isn't an issue, traffic would be less of a problem, more jobs to the economy, etc. Benefits far outweigh the cons, but of course, politics and lobbying by the car manufacturers get in the way of making any progress in mass transit.

Oh and not to mention that having mass transit would actually help with the obesity problem. Because it will force you to walk to the station and to your destination. Instead of sitting all day long.

Of course mass transit CAN be built out but it won't because there is so much wasted gov't spending.  Why did they even spend any time and money on a high speed train from SoCal to NorCal and SoCal to Vegas? Those funds could have been better spent on local mass transit.
It's not wasted money, it's politics. Let's make sure we get that straight.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on October 14, 2021, 08:58:36 PM
Mass transit/public transportation sucks balls in SoCal and unfortunately most people need a car to get around SoCal because of suburban sprawl (which has increased with the work-from-home movement).  Unfortunately the kind of higher inflation that we are seeing is hurting those folks on the lower side of the social economic status a lot worse than everyone else even with the higher entry level wages being offered (businesses are passing on those higher labor costs to customers).
If China can build mass transit and have that be the dominant form of transportation, America has no excuse as to why it can't be done. Suburban neighborhoods in SoCal are not bigger than China.

People always get fixated on the cost of mass transit, but never understand the benefits of it. If you had mass transit, people on the lower side of the social economic status will benefit the most. They wouldn't need to pay for a car (car payments, insurance, gas, maintenance), they would have access to higher paying jobs in the city without needing to be stuck in traffic, living away from city but getting city pay means housing affordability isn't an issue, traffic would be less of a problem, more jobs to the economy, etc. Benefits far outweigh the cons, but of course, politics and lobbying by the car manufacturers get in the way of making any progress in mass transit.

Oh and not to mention that having mass transit would actually help with the obesity problem. Because it will force you to walk to the station and to your destination. Instead of sitting all day long.

Of course mass transit CAN be built out but it won't because there is so much wasted gov't spending.  Why did they even spend any time and money on a high speed train from SoCal to NorCal and SoCal to Vegas? Those funds could have been better spent on local mass transit.
It's not wasted money, it's politics. Let's make sure we get that straight.

Same difference to me.  Regardless, improved mass transit in SoCal will remain a pipe dream so if you want to get around in SoCal you'll need a car.
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on October 15, 2021, 06:37:08 PM
another way to look at the current inflation is that prices of goods have been suppressed by JIT supply chain efficiency that (as we are seeing now) is not robust to shocks like COVID
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on October 15, 2021, 07:11:17 PM
another way to look at the current inflation is that prices of goods have been suppressed by JIT supply chain efficiency that (as we are seeing now) is not robust to shocks like COVID

Companies will have to now week more inventory in stock and better be able to forecast demand.  JIT inventory only works when things are going smoothly in the supply chain, any hiccup in the chain and it can cause major problems.
Title: Re: INFLATION IS OUR FRIEND
Post by: aquabliss on October 16, 2021, 12:36:05 AM
Just here to confirm Costco Hot Dog and Soda is still $1.50.  I bet they have weekly board meetings about this.  Of course Costco CEO has had his life threatened if he ever increased the price.

https://www.delish.com/food-news/a34111722/costco-hot-dog-combo-story/
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on October 16, 2021, 12:48:49 AM
Just here to confirm Costco Hot Dog and Soda is still $1.50.  I bet they have weekly board meetings about this.  Of course Costco CEO has had his life threatened if he ever increased the price.

https://www.delish.com/food-news/a34111722/costco-hot-dog-combo-story/

Nice, I love the Costco Hot Dog.  ;D
Title: Re: INFLATION IS OUR FRIEND
Post by: aquabliss on October 16, 2021, 09:00:41 AM
Just here to confirm Costco Hot Dog and Soda is still $1.50.  I bet they have weekly board meetings about this.  Of course Costco CEO has had his life threatened if he ever increased the price.

https://www.delish.com/food-news/a34111722/costco-hot-dog-combo-story/

Nice, I love the Costco Hot Dog.  ;D

Me too, but they still don’t have the onions out!  Freakin COVID.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 16, 2021, 10:00:03 AM
Told you…Idiots ;D ;D >:D

WH’s Psaki Defends Inflation — ‘Good Thing’ Because It Means ‘More People Are Buying Goods’

https://biznewspost.com/news/whs-psaki-defends-inflation-good-thing-because-it-means-more-people-are-buying-goods/ (https://biznewspost.com/news/whs-psaki-defends-inflation-good-thing-because-it-means-more-people-are-buying-goods/)

Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on October 16, 2021, 11:00:18 AM
Quote
“The fact is the unemployment rate is about half what it was a year ago. So a year ago, people were in their homes. Ten percent of people were unemployed. Gas prices were low because nobody was driving. People weren’t buying goods because they didn’t have jobs. Now more people have jobs. More people are buying goods. That’s increasing the demand. That’s a good thing.”

Yeah what an idiot. Let's go back to lockdown when the only expensive goods were toilet paper and hand sanitizer.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 16, 2021, 11:54:50 AM
Everything she said in that quote was 100% wrong. Trying to twist disjunct thoughts into a narrative that fits. Nice piece of political jujitsu, But not economic facts. But some of the masses will believe it because you want it to be true.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 12:27:55 PM
Global energy crisis.

This guy suppose to be a financial advisor. Get out of here!
Maybe if there was no internet. People might believe you.
Title: Re: INFLATION IS OUR FRIEND
Post by: akula1488 on October 16, 2021, 12:33:21 PM
They can always limit the supply to stop loss and the Costco hotdog line will become a thing.

Also do you guys know you can now buy Domino pizzas and pay it back over 6 weeks? Good lord people cannot even afford Domino pizza without a loan.


Just here to confirm Costco Hot Dog and Soda is still $1.50.  I bet they have weekly board meetings about this.  Of course Costco CEO has had his life threatened if he ever increased the price.

https://www.delish.com/food-news/a34111722/costco-hot-dog-combo-story/

Nice, I love the Costco Hot Dog.  ;D

Me too, but they still don’t have the onions out!  Freakin COVID.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 12:54:26 PM
I am not sure when the last time you went online. You can finance things on amazon, ebay, neweeg, etc..

They can always limit the supply to stop loss and the Costco hotdog line will become a thing.

Also do you guys know you can now buy Domino pizzas and pay it back over 6 weeks? Good lord people cannot even afford Domino pizza without a loan.


Just here to confirm Costco Hot Dog and Soda is still $1.50.  I bet they have weekly board meetings about this.  Of course Costco CEO has had his life threatened if he ever increased the price.

https://www.delish.com/food-news/a34111722/costco-hot-dog-combo-story/

Nice, I love the Costco Hot Dog.  ;D

Me too, but they still don’t have the onions out!  Freakin COVID.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 16, 2021, 12:59:59 PM
Global energy crisis.

This guy suppose to be a financial advisor. Get out of here!
Maybe if there was no internet. People might believe you.

Love it…already made a fortune this year on the inflation trade…remember, it’s my job to benefit from taking advantage of the weak and stupid…I love your predictability, couldn’t make money without sheeple like you…thanks and stay down with the struggle!!✊🏽
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:08:16 PM
.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:15:28 PM
Global energy crisis.

This guy suppose to be a financial advisor. Get out of here!
Maybe if there was no internet. People might believe you.

Love it…already made a fortune this year on the inflation trade…remember, it’s my job to benefit from taking advantage of the weak and stupid…I love your predictability, couldn’t make money without sheeple like you…thanks and stay down with the struggle!!✊🏽

You hate California by your multiple posts, but you are you still here. Should we be worried that you might do something.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 16, 2021, 01:21:09 PM
Okay go back to The Phillipines! Since you founded the country
Im waiting for the next fake story.
Everything you say you lie bro or bend the truth.

You said your family is the family fathers and later on protested to get the US out of there.
This guy is a patriot?

… and again with the unfounded accusations. You just don’t get it Eye. I already got mine, I’m at that stage in my life where it’s going to end just fine but others on this board are at a different stage of their life and they got a lot to worry about whether they know it or not.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:22:49 PM
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Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:23:49 PM
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Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:24:35 PM
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Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:25:10 PM
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Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:26:13 PM
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Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:29:07 PM
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Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:29:34 PM
You can call people names. I can defend myself.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:32:39 PM
.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:33:48 PM
I hope you take your medications today. Dont blame me you started this by calling me a sheep. For the record.
Dont play the victim.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:35:49 PM
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Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:37:03 PM
Im sick and tired of you making fun of people. Look in the mirror. Bro
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 16, 2021, 01:39:46 PM
 ;D :D ;D :D >:D You make this too easy Eye. Off to have a beer on the water…just made my day! Thx
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:40:43 PM
Too easy not like your
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 18, 2021, 08:35:02 AM
I think it's funny that we complain about $5/gallon for gas. Have you guys ever went to Europe? They are probably close to $10/gallon now. When I was in Iceland and Norway, it was $7-$8/gallon.

Honestly, I don't care if gas gets more expensive. Driving should be a luxury like it is in Singapore. A Toyota Corolla costs 100k USD and the driving permit is around 30k USD. Not factoring in that you need to change cars every 10 years and renew your permit then as well. We will then be forced to build mass transit and follow other first world countries (China/HK/Japan/Taiwan/Europe). If you need a car? Rent one. I honestly hate owning a car and would rather take public transportation if that option was efficient as other first world counterparts. A depreciating asset is a waste of money and time in traffic is a waste of time.

Equality means dragging us all down to equal misery...sounds good.

Anti-carbon Dems won’t be happy until Americans suffer like Europeans

US natural-gas prices have already quadrupled over the past year; prices at the pump are up nearly 50 percent. But the carbon warriors won’t be happy until America is suffering like Europe, where heating costs this year have run six times higher than in 2020, thanks to natural-gas shortages. Those shortages have closed factories and even forced old coal-burning plants out of retirement. Oh, and winter is coming

Throughout Europe, meanwhile, investors won’t build expensive new gas facilities since fossil fuel is taboo. That’s left the EU dependent on shipments from Russia, which limits them for economic and political reasons. President Vladimir Putin just sniffed at Europe’s crisis as “the result of their persistent actions. . . . I hope we’ll see some corrections now” — a clear sign he thinks they’re at his mercy.

It’s insane: All the carbon warriors’ measures combined won’t “save the planet” from climate change (which is hardly the urgent apocalyptic threat alarmists claim, in any case). The only result of this pseudo-religious crusade is to make ordinary people suffer.

https://nypost.com/2021/10/16/anti-carbon-dems-wont-be-happy-until-america-suffers-like-europe/ (https://nypost.com/2021/10/16/anti-carbon-dems-wont-be-happy-until-america-suffers-like-europe/)
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on October 18, 2021, 09:14:04 AM
@sleepy:

Good public transpo would be great... but in America, people love to own/drive cars (which makes self-driving a bit of an hyprocisy).

Also with Covid, owning your own safe bubblemobile helps.
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on October 18, 2021, 09:41:28 AM
All one has to do to refute the arguments that promote government run public transportation is to point to the "High Speed Rail" boondoggle project.
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on October 18, 2021, 10:38:22 AM
The funny thing is public transpo in the US works, it's just not as convenient as other countries.

There isn't one city I've visited in my Kids Tour Across America where I haven't been able to figure out how to get where I need to without a car. I guess having a phone makes it easier than before.

So we just need to get everyone iPhones. :)
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on October 18, 2021, 11:10:03 AM
The funny thing is public transpo in the US works, it's just not as convenient as other countries.

There isn't one city I've visited in my Kids Tour Across America where I haven't been able to figure out how to get where I need to without a car. I guess having a phone makes it easier than before.

So we just need to get everyone iPhones. :)

California already has that program.

Yes, I’m serious, it’s the California Lifeline program for qualified households.

Quote
You can qualify for California LifeLine if you or another person in your household is enrolled in any one of these qualifying public assistance programs:

Medicaid/Medi-Cal
Low Income Home Energy Assistance Program (LIHEAP)
Supplemental Security Income (SSI)
Federal Public Housing Assistance or Section 8
CalFresh, Food Stamps or Supplemental Nutrition Assistance Program (SNAP)
Women, Infants and Children Program (WIC)
National School Lunch Program (NSL)
Temporary Assistance for Needy Families (TANF)
California Work Opportunity and Responsibility to Kids (CalWORKs)
Stanislaus County Work Opportunity and Responsibility to Kids (StanWORKs)
Welfare-to-Work (WTW)
Greater Avenues for Independence (GAIN)
Tribal TANF
Bureau of Indian Affairs General Assistance
Head Start Income Eligible (Tribal Only)
Food Distribution Program on Indian Reservations
Federal Veterans and Survivors Pension Benefit Program
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 21, 2021, 08:39:42 AM
Certainly policy and tenure of this administration has contributed mightily in a real and perceived way. Whether you believe that or not, the electorate will. Other administrations would at least try to address the pricing ( release oil from the SPR or open investigations into evil oil companies) but this douche likes high energy costs…he thinks it will save the planet.  However, producers do take cues from policy and they will be slow to increase domestic production to ease supply so prices will continue this ascent for now.


Told Ya...the cost will be political and it will hurt...(whether the blame is true or not)...

62% of American voters blame Biden and his policies for increasing inflation, another dire poll for the president shows
Americans are pointing a finger at President Joe Biden's policies when asked what's responsible for the rising inflation

A Politico/Morning Consult poll released Wednesday found that 62 per cent of registered voters assigned a lot or some blame to Biden administration policies
In the same poll, just 38 per cent of voters, including seven in 10 Democrats, said the U.S. was moving in the right track
That survey had Biden's approval rating at 45 per cent, with 52 per cent disapproving
That being said, 45 per cent of respondents said they'd vote for a Democratic candidate in the 2022 elections, over the 40 per cent who chose Repubican

https://www.dailymail.co.uk/news/article-10112865/62-U-S-voters-blame-Biden-policies-increasing-inflation.html (https://www.dailymail.co.uk/news/article-10112865/62-U-S-voters-blame-Biden-policies-increasing-inflation.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on October 21, 2021, 09:18:29 AM
Voting is simple.  The non-ideologues vote their comfort.

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 21, 2021, 09:28:53 AM
Voting is simple.  The non-ideologues vote their comfort.



My point...the everyman is seeing this and politicians on both sides sense it.  The smell of blood in the water will doom this administrations lofty, aspirational legislation and the mid terms will be a wipe out.  Ideologues will always vote their side, they are really not the deciders.  Its the guy in the middle who will decide the fates..Again, whether true or not...perception (like inflation)..becomes reality.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 21, 2021, 01:56:46 PM
A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

Except gas now is about $4.00. Stop lying.

Also, what does that have to do with anything? A year ago, demand was less because fewer people were driving. I mean, seriously. Stop using misinformation.

You were saying?.... ;D ;D >:D
Gas prices hit $5 in Manhattan

NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.

A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan (https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan)

What does Manhattan have to do with OC? It's $4.xx in OC.

We are a California based forum after all….

Gas hits $7.59 a gallon in CA town

https://abc30.com/highest-gas-prices-in-the-country-gorda-ca-california-price-of/11149187/ (https://abc30.com/highest-gas-prices-in-the-country-gorda-ca-california-price-of/11149187/)

Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on October 21, 2021, 02:58:25 PM
That tends to happen when you're the only gas station in town...
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 21, 2021, 03:06:01 PM
That tends to happen when you're the only gas station in town...

Or when oil rises 71% in 9 months and the bonehead in charge wants to restrict exploration, development and distribution...
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on October 21, 2021, 03:09:44 PM
"The town has long been known for having some of the highest prices in the country. A sign at the gas station notes the next nearest station is 40 miles away to the north and 12 miles to the south."
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on October 21, 2021, 03:10:33 PM
That tends to happen when you're the only gas station in town...

Or when oil rises 71% in 9 months and the bonehead in charge wants to restrict exploration, development and distribution...

Oil price today is the same as Oct 2018. Were you complaining back then? The ONLY reason it rose 71% in 9 months is it artificially dropped to Jan 1999 level due to the pandemic.
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on October 21, 2021, 03:11:24 PM
morekaos wants permanent pandemic prices

it all makes sense now
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on October 21, 2021, 03:11:50 PM
"The town has long been known for having some of the highest prices in the country. A sign at the gas station notes the next nearest station is 40 miles away to the north and 12 miles to the south."

We know that a certain person on this forum likes to post misleading information.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on October 21, 2021, 03:12:37 PM
morekaos wants permanent pandemic prices

it all makes sense now

Why else do you think he's anti-vaxx? Permanent pandemic.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 21, 2021, 03:28:41 PM
As usual you miss the point.  Wouldn't be at the shocking level of $7 if it weren't $4-$5 right here at home.  Just a symptom but an eye catching trend alarm.  The only reason I like it that high is 1) I'm making lots of $$ in the energy sector right now and 2) those prices spell doom for the current administration and a return to sane and stable energy policy of the past 5 years.  All the virtue signaling is pure BS.  Money talks and we will return to lower prices in the future no matter what governments tell the SJW's.



Fossil fuel production 'dangerously out of sync' with global climate targets, UN warns

The United Nations Environment Programme's annual production gap report found governments were on track to produce more than twice the levels of fossil fuels in 2030 than would be needed to keep rising global temperatures to below 1.5 degrees Celsius.
Ahead of the COP26 climate summit in just over a week, politicians and business leaders are under immense pressure to meet the demands of the climate emergency by delivering on promises made as part of the landmark 2015 Paris Agreement.
The findings reaffirm the yawning gap between meaningful climate action and the rhetoric of policymakers and business leaders publicly touting their commitment to the so-called "energy transition."

The UNEP's report finds most major oil and gas producers are planning on increasing production out to 2030 and beyond, while several major coal producers are also planning on continuing or increasing production.

By the end of the decade, government's production plans and projections were forecast to lead to around 240% more coal, 57% more oil and 71% more gas than would be consistent with limiting global heating to 1.5 degrees Celsius.

The findings reaffirm the yawning gap between meaningful climate action and the rhetoric of policymakers and business leaders publicly touting their commitment to the so-called "energy transition."

The UNEP underscored this point once again, noting global fossil fuel production remains "dangerously out of sync" with Paris Agreement limits. It said worldwide fossil fuel use must start declining immediately and steeply to be consistent with limiting long-term warming to 1.5 degrees Celsius.

The report analyzed 15 major fossil fuel producers: Australia, Brazil, Canada, China, Germany, India, Indonesia, Mexico, Norway, Russia, Saudi Arabia, South Africa, the United Arab Emirates, the U.K. and the U.S.

The climate plans of the countries analyzed show oil, gas and coal production was on track to increase until at least 2040.

Of the three fossil fuels, gas production was expected to increase the most between 2020 and 2040, the report said, based on the governments' plans.


https://www.msn.com/en-us/money/markets/fossil-fuel-production-dangerously-out-of-sync-with-global-climate-targets-un-warns/ar-AAPKpxz?ocid=uxbndlbing (https://www.msn.com/en-us/money/markets/fossil-fuel-production-dangerously-out-of-sync-with-global-climate-targets-un-warns/ar-AAPKpxz?ocid=uxbndlbing)
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on October 21, 2021, 06:22:18 PM
Gas was 11.75/gallon at that gas station in 2019 under your "sane and stable" energy policy

https://www.ksbw.com/article/california-gas-prices-gorda/38018610

Whoops  >:D >:D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on October 21, 2021, 07:15:05 PM
Certainly policy and tenure of this administration has contributed mightily in a real and perceived way. Whether you believe that or not, the electorate will. Other administrations would at least try to address the pricing ( release oil from the SPR or open investigations into evil oil companies) but this douche likes high energy costs…he thinks it will save the planet.  However, producers do take cues from policy and they will be slow to increase domestic production to ease supply so prices will continue this ascent for now.


Told Ya...the cost will be political and it will hurt...(whether the blame is true or not)...

62% of American voters blame Biden and his policies for increasing inflation, another dire poll for the president shows
Americans are pointing a finger at President Joe Biden's policies when asked what's responsible for the rising inflation

A Politico/Morning Consult poll released Wednesday found that 62 per cent of registered voters assigned a lot or some blame to Biden administration policies
In the same poll, just 38 per cent of voters, including seven in 10 Democrats, said the U.S. was moving in the right track
That survey had Biden's approval rating at 45 per cent, with 52 per cent disapproving
That being said, 45 per cent of respondents said they'd vote for a Democratic candidate in the 2022 elections, over the 40 per cent who chose Repubican

https://www.dailymail.co.uk/news/article-10112865/62-U-S-voters-blame-Biden-policies-increasing-inflation.html (https://www.dailymail.co.uk/news/article-10112865/62-U-S-voters-blame-Biden-policies-increasing-inflation.html)
This thread is based on inflation. Not politics. Why are we trying to politicize inflation? Just like how people want to politicize vaccines which existed long before we were alive.

Going back on the topic of the thread, do you know what is causing inflationary pressures at this moment?  Labor shortage, labor increase, supply chain issues, factory shutdowns, bigger than expected consumer demand for goods but not enough supply, etc. Please tell me how Joe Biden can fix China/Vietnams factory shutdowns that is causing items to not be produced at the scale that it was before COVID?

In regards to $5-$7 oil, who cares? Seems like you’re making money from it. Good for you.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 21, 2021, 08:58:32 PM
Because it all is political but this fool is clueless…moron….

Pain at the pump: Biden admits ‘I don’t have a near-term answer’ for high gas prices


Biden sought to blame Thursday on OPEC and its oil-producing allies in the Middle East.

“The answer ultimately is, ultimately meaning the next three or four years, is investing in renewable energy,” insisted Biden, who also touted the “Big Three” US automakers’ August announcement that electric vehicles will make up between 40 and 50 percent of their sales by 2030.

“So what will happen is, you’re going to see a dramatic drop, a dramatic drop, in what’s gonna happen in terms of gas prices as we go into the next two or three years,” the president promised.

But in the meantime, Biden acknowledged, “it’s gonna be hard. It’s gonna be hard. There’s a possibility to be able to bring it down. It depends on a little bit on Saudi Arabia and a few other things that are in the offing.”

https://nypost.com/2021/10/21/biden-admits-i-dont-have-a-near-term-answer-for-high-gas-prices/ (https://nypost.com/2021/10/21/biden-admits-i-dont-have-a-near-term-answer-for-high-gas-prices/)
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on October 21, 2021, 09:10:58 PM
You can't go cold turkey all of sudden on fossil fuels because we are too dependent on them, it'll take decades before renewable green energy is able to power the ever increasing amount of energy that we'll need.  The solutions now for high gas prices are a release of the strategic reserves and drill baby drill. 
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on October 21, 2021, 10:25:43 PM
Because it all is political but this fool is clueless…moron….

Were you complaining when oil price went from $18.84 in Apr, 2020 to $52.20 in Jan, 2021 and $61.50 in Feb, 2021 when previous clueless moron held office? Or that gas price in California went from $2.84 in Apr, 2020 to $3.50 in Jan, 2021?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 22, 2021, 08:49:47 AM
Because it all is political but this fool is clueless…moron….

Were you complaining when oil price went from $18.84 in Apr, 2020 to $52.20 in Jan, 2021 and $61.50 in Feb, 2021 when previous clueless moron held office? Or that gas price in California went from $2.84 in Apr, 2020 to $3.50 in Jan, 2021?

No, because oil has a relatively sweet spot in the $45-$60 zone.  At those price levels the market is stable.  Consumers are happy $2-$3.00 gas, and producers are happy with profits margins and supply.  Too low and producers cry...too high and consumers squeal.  $82 is way out of line but current administration attitudes towards energy will crimp any supply relief.  Just like $120.00 2008 prices were out of whack ...$27.00 2016 prices were too low.  We will again return to the $45-$60 in the future but it will be after changes in political views of energy production...probably after the mid term slaughter.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 26, 2021, 10:37:49 PM
So five months ago when I started this thread and seven months ago when I put on the inflation trade these brain surgeons were assuring everyone that inflation was “transitory “ and would last for a brief moment in time. LIARS…and fools…well….

The penny drops! Yellen concedes inflation will last until late 2022 - and won't be 'temporary' like Biden said: White House holds weekly meetings to try and stem surging prices


The Biden administration is finally trying to grapple with persistent inflation that they for months insisted would be transitory
President Biden's top advisers now meet at least once a week to discuss how to tackle the supply chain crisis and curb rampant inflation
The advisors discuss ways to relieves backlogs at US ports, how to recruit truck drivers and how to produce more semiconductors within the US
The consumer price index rose 5.4% in September from last year, up from August's gain of 5. To 3% and matching the increases in June and July.

https://www.dailymail.co.uk/news/article-10132491/Biden-administration-holding-weekly-meetings-try-stem-inflation.html (https://www.dailymail.co.uk/news/article-10132491/Biden-administration-holding-weekly-meetings-try-stem-inflation.html)

They will fail…
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 26, 2021, 10:53:41 PM
Watch this speech…it has relevance…it could be made today…

Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on October 27, 2021, 09:58:05 AM
White House holds weekly meetings to try and stem surging prices


Price controls anybody?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 27, 2021, 11:00:32 AM
Didn't work last time but they never learn so it wouldn't surprise me if the idea gets floated again by these fools...

Remembering Nixon's wage and price controls

On Aug. 15, 1971, in a nationally televised address, Nixon announced, "I am today ordering a freeze on all prices and wages throughout the United States."

After a 90-day freeze, increases would have to be approved by a "Pay Board" and a "Price Commission," with an eye toward eventually lifting controls -- conveniently, after the 1972 election.

Putting the U.S. economy "into a permanent straitjacket would ... stifle the expansion of our free enterprise system," Nixon said. As President George W. Bush put it in 2008, sometimes you have to "abandon free-market principles to save the free-market system."

https://www.washingtonexaminer.com/remembering-nixons-wage-and-price-controls (https://www.washingtonexaminer.com/remembering-nixons-wage-and-price-controls)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 28, 2021, 09:08:53 AM
No deal!!!... ;D ;D >:D

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 28, 2021, 09:38:45 AM
...and on the same day... ;D ;D >:D

Jen Psaki Faults Americans’ Spending Habits for Economic Woes: ‘Root Cause’ of Supply Chain Problems

https://www.mediaite.com/news/jen-psaki-faults-americans-spending-habits-for-economic-woes-root-cause-of-supply-chain-problems/ (https://www.mediaite.com/news/jen-psaki-faults-americans-spending-habits-for-economic-woes-root-cause-of-supply-chain-problems/)

North Korea pushes 'delicious' BLACK SWAN meat and claims it is 'exceptional health food' a day after warning starving citizens they will have to eat less food until 2025 when borders reopen

The move comes a day after leader Kim Jong Un warned North Koreans that they must expect to eat less food....But the move had a serious impact on the nation's economy - with prices of everyday goods rising sharply as demand outstripped supply.

https://www.dailymail.co.uk/news/article-10140739/North-Korea-pushes-delicious-BLACK-SWAN-meat-claims-exceptional-health-food.html (https://www.dailymail.co.uk/news/article-10140739/North-Korea-pushes-delicious-BLACK-SWAN-meat-claims-exceptional-health-food.html)



Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on October 28, 2021, 11:04:14 AM
North Korea pushes 'delicious' BLACK SWAN meat and claims it is 'exceptional health food' a day after warning starving citizens they will have to eat less food until 2025 when borders reopen

The move comes a day after leader Kim Jong Un warned North Koreans that they must expect to eat less food....But the move had a serious impact on the nation's economy - with prices of everyday goods rising sharply as demand outstripped supply.

https://www.dailymail.co.uk/news/article-10140739/North-Korea-pushes-delicious-BLACK-SWAN-meat-claims-exceptional-health-food.html (https://www.dailymail.co.uk/news/article-10140739/North-Korea-pushes-delicious-BLACK-SWAN-meat-claims-exceptional-health-food.html)

Black Swan - The other, other white meat.

Seriously though, doesn't it make you all tingly inside to think that N. Korea has no income inequality.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 28, 2021, 11:11:00 AM
No doubt, Bidonomics have already thumped our GDP down to 2% today so we are well on our way to that delicious Black Swan under glass...yum yum!

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on October 28, 2021, 11:48:40 AM
Whaaa... forced and artificial wage increases get passed on to consumers?  I thought they had repealed the laws of business in the last budget reconciliation bill...Duhhhh morons!

McDonald’s Raises Menu Prices as U.S. Worker Wages Climb

McDonald’s Corp. is raising menu prices to keep pace with rapidly growing costs...with wages alone up 10% this year.

https://www.wsj.com/articles/mcdonalds-sales-rise-as-u-s-menu-prices-climb-11635332402 (https://www.wsj.com/articles/mcdonalds-sales-rise-as-u-s-menu-prices-climb-11635332402)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 10, 2021, 01:05:28 PM
Everything is Awesome!!!...but not "Transient"

ECONOMY
U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years


The consumer price index surged 6.2% from a year ago in October, the most since December 1990.
Core inflation, stripping out food and energy, increased 4.6%, the fastest gain since August 1991.
Energy, shelter and vehicle costs led the gains, which more than wiped out the wage increases that workers received for the month.

https://www.cnbc.com/2021/11/10/consumer-price-index-october.html (https://www.cnbc.com/2021/11/10/consumer-price-index-october.html)

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 10, 2021, 09:22:58 PM
A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

Except gas now is about $4.00. Stop lying.

Also, what does that have to do with anything? A year ago, demand was less because fewer people were driving. I mean, seriously. Stop using misinformation.

You were saying?.... ;D ;D >:D
Gas prices hit $5 in Manhattan

NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.

A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan (https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan)

Do you believe now Trinity?…


“Did you ever think you’d be paying this much for a gallon of gas?” Biden said. “In some parts of California, they’re paying $4.50 a gallon.”

Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on November 10, 2021, 10:44:18 PM
I see you're still spreading misinformation, moreliar. You lied a month ago and you're still lying. We're still not paying $6.00, as you lied about.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on November 10, 2021, 11:04:05 PM
I think it’s hilarious that morekaos uses only oil as an indicator of inflation. Even if gas was $6 a gallon, that is not much of a concern as compared to food and rent increases that has been constantly going up. Not to mention we are also having the highest wage increase due to inflation itself.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 09:28:28 AM
I think it’s hilarious that morekaos uses only oil as an indicator of inflation. Even if gas was $6 a gallon, that is not much of a concern as compared to food and rent increases that has been constantly going up. Not to mention we are also having the highest wage increase due to inflation itself.

Oil and gas prices are just the most potent indicator because Billionaire or illegal alien...we ALL pay that price everyday.  Not everyone buys yachts, houses or computers every day but gas?...That's the great equalizer of pain.  It is also posted in everyones face every day when we drive by gas stations.  Easy scoreboard for all.  Additionally fuel and energy, along with wages is the main driver of consumer price inflation.   I am not in any way minimizing inflation in all other sectors but Gas is one we can all relate to easily.  And wage inflation has been smotherd by real inflation.  It's one step forward three steps back.

U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years

The consumer price index surged 6.2% from a year ago in October, the most since December 1990.
Core inflation, stripping out food and energy, increased 4.6%, the fastest gain since August 1991.
Energy, shelter and vehicle costs led the gains, which more than wiped out the wage increases that workers received for the month.

https://www.cnbc.com/2021/11/10/consumer-price-index-october.html (https://www.cnbc.com/2021/11/10/consumer-price-index-october.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 09:36:03 AM
Watch this speech…it has relevance…it could be made today…


Brandon is going to make this speech very soon.  The same mistakes will be made again...Back then it was the evil oil companies and they levied a moronic "Windfall profits tax" to fund a Solar Bank to fund the Green future...it failed...Today it comes in the form of "Build Back Better"  to fund the Green New Deal" which will fail just as predictably...but remember.. from failure comes redemption...the next 8 years saw the greatest expansion of economic growth in our countries history...that will happen again after a few stumbles like Brandon.
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on November 11, 2021, 10:03:31 AM
wow that's a lot of inflation.  was there a pandemic or something?  i've been in a coma for 2 years.
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on November 11, 2021, 10:15:59 AM
Watch this speech…it has relevance…it could be made today…


Brandon is going to make this speech very soon.  The same mistakes will be made again...Back then it was the evil oil companies and they levied a moronic "Windfall profits tax" to fund a Solar Bank to fund the Green future...it failed...Today it comes in the form of "Build Back Better"  to fund the Green New Deal" which will fail just as predictably...but remember.. from failure comes redemption...the next 8 years saw the greatest expansion of economic growth in our countries history...that will happen again after a few stumbles like Brandon.

And so we got Even/Odd days. I would get to the gas station at 4 AM to get in line on my day. (probably opened at 6 or 7). What a waste of time that was. My gas tank was 10 gallons and my mpg was 18 so I could only go 180 miles max on a tank of gas. Two days a week were clinic days and I had to go 18 miles each way and three days I had to go school. A tank of gas barely covered that, so I had to line up twice a week so I would be able to have enough gas for my job which of course paid min. wage which was around $3 per hour.

There were days when the gas station would be out of gas before I even go up to the front of the line, so I was sure to get up early for my turn.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 11, 2021, 10:17:52 AM
wow that's a lot of inflation.  was there a pandemic or something?  i've been in a coma for 2 years.

It is the right script. They forget about the price of oil when G W Bush was in office.
They have selective memory or it does not apply to them folks.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on November 11, 2021, 11:01:42 AM
wow that's a lot of inflation.  was there a pandemic or something?  i've been in a coma for 2 years.

It is the right script. They forget about the price of oil when G W Bush was in office.
They have selective memory or it does not apply to them folks.

Republicans are only concerned about inflation and national debt when a Democrat is in the office.

They blame Biden for the inflation when it was in fact Trump who was printing money like crazy.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 11:08:17 AM
wow that's a lot of inflation.  was there a pandemic or something?  i've been in a coma for 2 years.

It is the right script. They forget about the price of oil when G W Bush was in office.
They have selective memory or it does not apply to them folks.

Republicans are only concerned about inflation and national debt when a Democrat is in the office.

They blame Biden for the inflation when it was in fact Trump who was printing money like crazy.

It doesn't matter...the blame lands on the guy in office...it will again.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 11, 2021, 11:11:07 AM
wow that's a lot of inflation.  was there a pandemic or something?  i've been in a coma for 2 years.

It is the right script. They forget about the price of oil when G W Bush was in office.
They have selective memory or it does not apply to them folks.

Republicans are only concerned about inflation and national debt when a Democrat is in the office.

They blame Biden for the inflation when it was in fact Trump who was printing money like crazy.

The trump tax cut put the country in big debt.
The farm subsidy (get money from US government for not sell nothing) That sounds really socialism to me, kind of like cuba.
Trumps trade war was a disaster.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 11:11:37 AM
wow that's a lot of inflation.  was there a pandemic or something?  i've been in a coma for 2 years.

Never the same song...but always a similar melody...

Both presidents faced significant outside threats. Carter inherited the Opec – a very familiar acronym to people at the time – oil crisis from his discredited predecessor who was nearly impeached, and Biden inherited a pandemic from his predecessor who was impeached twice. Both of these crises led to economic problems: not enough gas to support the American lifestyle in the 70s and shortages of many goods due to supply chain problems in this decade.
Both presidents faced foreign challenges that threatened to disrupt the economy. In the 70s, Japan appeared to be replacing the United States as the industrial leader of the world – symbolized by the Sony sign at the top of what used to be the Pan American Building. People complained that Japan did not play fair, flooding our market with their cars but not allowing our cars to enter their market. Not that many people wanted our gas-guzzling, shoddily produced Fords and Chevrolets. In the 2020s, the major economic threat appears to be China, which, some say, steals our intellectual property, underpays its workers and does not abide by international labor or environmental standards.
And both presidents came to power in the aftermath of foreign wars that ended badly. In Carter’s time, the defeat in Vietnam preoccupied foreign policymakers, and Biden recently presided over the end of the seemingly futile American effort in Afghanistan.
Average gasoline prices had risen 55% since January, and oil prices had doubled in just over half a year. By 23 June 1979, the American Automobile Association reported that 58% of the nation’s gas stations were closed because of low inventories.

Today, as in the 1970s, the social fabric and national identity of the U.S is being called into question. During the seventies, it was flag burning and a nascent counterculture movement that questioned the foundations of America itself. Today, revisionist views of American history and negative portrayals which depict the U.S. as inherently racist have gained acceptance in the mainstream conversation

Finally, in the 1970s as in 2021, it was and is considered excusable to think that American decline is unavoidable. But that wasn’t true then, and it shouldn’t be true today.

https://www.theguardian.com/commentisfree/2021/oct/20/ignore-the-fearmongers-the-1970s-are-not-coming-back (https://www.theguardian.com/commentisfree/2021/oct/20/ignore-the-fearmongers-the-1970s-are-not-coming-back)

https://www.realclearworld.com/articles/2021/10/20/back_to_the_1970s_799870.html (https://www.realclearworld.com/articles/2021/10/20/back_to_the_1970s_799870.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on November 11, 2021, 11:16:55 AM
what is your point?  that biden will probably be a one-term president and republicans will retake congress?  we knew that on election day.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on November 11, 2021, 11:17:30 AM
It doesn't matter...the blame lands on the guy in office...it will again.

Unless the guy in the office is a Republican. Let me repeat:

Republicans are NEVER blamed for national debt while in office. National is only brought up whenever a Democrat is in office.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 11:19:38 AM
what is your point?  that biden will probably be a one-term president and republicans will retake congress?  we knew that on election day.

My point is that history will probably repeat.  The future is bright but it has Republicans in charge.  Money gotta money.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 11, 2021, 11:20:07 AM
what is your point?  that biden will probably be a one-term president and republicans will retake congress?  we knew that on election day.

He is the biggest troll. I am sure he says the same thing on facebook and reddit. He copies and pastes his garbage on talk irvine.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 11:23:03 AM
Additionally, repetitive cycles are wonderful for making money.  People are really so predictable.  Learn from our past, both positive and negative...easy pickings for those who see it. Dick in had for those who don't.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 11:32:09 AM
I see you're still spreading misinformation, moreliar. You lied a month ago and you're still lying. We're still not paying $6.00, as you lied about.

...and again...like Eye...where did I say we are all paying $6.00 for gas?...you thought we were still below $4.00 at the time.  I just posted a picture of a real station that was charging $6.00...so someone was paying $6.00...certainly not a lie...try harder.

Well, considering this is OC forum. And it just barely reached $4.00.
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on November 11, 2021, 11:32:20 AM
if you just realized in 2020 that china is a growing economic threat then i am having some doubts about your financial prescience

that being said it has been very difficult to lose money investing the past few years.  i can see why everyone thinks they're an expert.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 11:38:18 AM
if you just realized in 2020 that china is a growing economic threat then i am having some doubts about your financial prescience

that being said it has been very difficult to lose money investing the past few years.  i can see why everyone thinks they're an expert.

Thats always how it looks just before the house catches fire...remember 2007 when everyone was a Real estate mogul?  That didn't turn out well.  In this case, I truly am an expert, in background, education, experience and certification.  Its not me calling me that, I have the Creds.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on November 11, 2021, 12:05:25 PM
A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

You posted this, moreliar. Does that not say $6.00?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 12:07:34 PM
That's a comparison of actual prices.  Simple statement of fact.  No lie there.  Heck, I even posted a picture that I took of it.  Try harder
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on November 11, 2021, 12:09:24 PM
That's a comparison of actual prices.  Simple statement of fact.  No lie there.  Try harder

It's no fact. It's a lie because YOU weren't paying $6.00 but you made a claim that gas was $6.00 at that point. Lie harder, moreliar.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 12:15:55 PM
That's a comparison of actual prices.  Simple statement of fact.  No lie there.  Try harder

It's no fact. It's a lie because YOU weren't paying $6.00 but you made a claim that gas was $6.00 at that point. Lie harder, moreliar.

Wow, very Clintonesque (depends on the meaning of the word "is", is) So, where did I say I paid the $6?  I posted a picture of an actual station in LA that was then charging and getting over $6.  That station today is even higher.  Proves my point actually but not a lie. Try. ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 12:17:51 PM
So, is your premise that gas prices are NOT rising dramatically?  Let's argue that.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on November 11, 2021, 12:23:38 PM
I'm not arguing with a liar.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 12:25:56 PM
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on November 11, 2021, 12:50:43 PM
Ok, moretroll.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on November 11, 2021, 01:00:34 PM
Year   Jan        Feb       Mar      Apr       May      Jun       Jul       Aug       Sep      Oct      Nov      Dec        Year Average
2021   $3.15   $3.37   $3.70   $3.81   $3.97   $4.07   $4.15   $4.19   $4.19   $4.28   Latest   ---            ---

2020    $3.42    $3.39   $3.20     $2.76   $2.68   $2.88     $3.01   $3.05   $3.06     $3.02   $2.97   $3.01   $3.04
2019   $3.13   $3.17   $3.26   $3.83   $3.91   $3.68   $3.57   $3.45   $3.61   $4.02   $3.85   $3.53   $3.58

http://www.laalmanac.com/energy/en12.php

Strange, isn't it? 2021 isn't really that drastically different from 2019, despite the big inflation in everything else.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 02:53:56 PM
Except it won’t go back down…only up more from here.  That will be strange.
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on November 11, 2021, 03:13:15 PM
LA gas prices vary a lot based on location.  you sometimes see a $2+ difference per gallon in stations across the street from one another, because one is an easier turn in/out.  time=money.

or whatever i'm sure tom cotton will win cali by 10 points because of PAIN AT DA PUMP
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on November 11, 2021, 03:34:11 PM
LA gas prices vary a lot based on location.  you sometimes see a $2+ difference per gallon in stations across the street from one another, because one is an easier turn in/out.  time=money.

or whatever i'm sure tom cotton will win cali by 10 points because of PAIN AT DA PUMP

You know for sure that the gas stations near free entrance/exit overcharge you.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 10:07:51 PM
Of course you don’t care about gas prices…they’re racist…I see…

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 11, 2021, 10:26:06 PM
I think it’s hilarious that morekaos uses only oil as an indicator of inflation. Even if gas was $6 a gallon, that is not much of a concern as compared to food and rent increases that has been constantly going up. Not to mention we are also having the highest wage increase due to inflation itself.

Yah, like I said…not working out so well…

Joe Biden’s Biggest Economic Problem? Inflation Is Rising Faster Than Wages.

But inflation is ultimately devouring a lot of the gains families would have otherwise enjoyed, if not leaving them outright poorer than they were a year ago, and the situation may be worst for the middle and upper-middle classes, who make up the bulk of voters in midterms elections. It’s not obvious that inflation will keep up this pace next year. But it’s also not hard to guess what will happen to Democrats in 2022 if it does.

https://www.msn.com/en-us/money/markets/joe-biden-s-biggest-economic-problem-inflation-is-rising-faster-than-wages/ar-AAQy3aP (https://www.msn.com/en-us/money/markets/joe-biden-s-biggest-economic-problem-inflation-is-rising-faster-than-wages/ar-AAQy3aP)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 11, 2021, 11:08:49 PM
LA gas prices vary a lot based on location.  you sometimes see a $2+ difference per gallon in stations across the street from one another, because one is an easier turn in/out.  time=money.

or whatever i'm sure tom cotton will win cali by 10 points because of PAIN AT DA PUMP

You know for sure that the gas stations near free entrance/exit overcharge you.

He does not know. The troll is probably not from here.  8)
The Trumpkin is recycling his facebook posts. lol
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on November 12, 2021, 06:45:02 AM
Of course you don’t care about gas prices…they’re racist…I see…


So anybody want to tell her the person responsible is FDR? 
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on November 12, 2021, 06:51:57 AM
Except it won’t go back down…only up more from here.  That will be strange.

Not strange, totally predictable based on concentration of market share, just like Standard Oil.

It’s why feeder cattle price is the same as it was in 2017 & 2018 and then trended down in 2019 & 2020 and returned to pre-pandemic levels yet prices on beef cuts have increase 60-100%.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on November 12, 2021, 06:18:53 PM
I think we should be more concerned about stagflation more so than inflation. If prices are going up and wages are up to offset the inflationary costs, we aren't as screwed. TBH oil prices are the least to be concerned about. I'd be more concerned about food prices, rents, consumer goods, etc. With WFH being more common, people aren't going to be driving as much as before. So yes, it sucks, but it doesn't suck that much.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 10:51:24 AM
That's really not a great (fair) way of looking at it...

Outrage as MSNBC host Stephanie Ruhle claims Americans CAN afford to pay more as cost of living soars: Says 'dirty little secret' is that households saved money over pandemic and can now afford expensive groceries

'The dirty little secret here, Willie, while nobody likes to pay more, on average, we have the money to do so,' MSNBC's Stephanie Ruhel said
Rahul argued that retail prices and market values going up are proof that while Americans are complaining about something that could promptly be fixed
Rahul cited government monetary aids as a reason that Americans should be able to afford the record-high increase on the price of living
Stock prices, retail increase and market value are not indicatives of a strong economy, outraged Twitter users pointed out
Just in October, the Department of Labor reported a 6.2 percent increase in the consumer price index - the largest annual increase since 1990

https://www.dailymail.co.uk/news/article-10201865/Central-Park-rape-suspect-shows-ankle-monitor.html (https://www.dailymail.co.uk/news/article-10201865/Central-Park-rape-suspect-shows-ankle-monitor.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 11:39:19 AM
So awesome...hope to see newer highs soon!!! It's a good thing everyone can afford this...

Record Surge Of Gas Prices At The Pump Reach New Heights

SAN FRANCISCO (CBS SF/CNN) — Sticker shock at San Francisco Bay Area gas pumps was beginning to reach panic levels early Monday as prices surged to more than $4.85 a gallon, setting a new record for the state for a second day in a row.

Prices were pushing $5 in some areas, including in Humboldt County, where the average price was $4.97 Monday.

Doug Shupe, a spokesperson for AAA, said that although Californians are used to paying more for gas, the price has been much higher lately.

“Drivers are paying $1.50 more per gallon than a year ago,” Shupe said. “It means the person who has the typical midsize sedan with a 14 gallon size fuel tank, they’re paying $21 more to fill up that tank today than last year.”

https://sanfrancisco.cbslocal.com/2021/11/15/record-surge-of-gas-prices-at-the-pump-reach-new-heights/ (https://sanfrancisco.cbslocal.com/2021/11/15/record-surge-of-gas-prices-at-the-pump-reach-new-heights/)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 12:13:12 PM
Again. The fake financial advisor forgets to mention that there is a global energy crisis.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 12:58:50 PM
Again. The fake financial advisor forgets to mention that there is a global energy crisis.

Oh yah...let's beg OPEC to pump more....genius!!! Or no, wait...the evil oil companies are changing over to winter blend and doing maintenance at the same time!!! coincidence?  I think not!! ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 01:11:59 PM
Euro News Article: Why Europe's energy prices are soaring and could get much worse

Citizens in countries like Spain, Italy, France and Poland are now facing all-time-high energy bills that add to the economic woes caused by the pandemic. The popular discontent has put governments on high alert, with ministers scrambling to come up with emergency measures, even if they're short-term and only partially effective to cushion the impact.

In Italy, Roberto Cingolani, minister for the ecological transitions, has already warned Italians to expect a 40% increase in their bills over the next months. France said it will send one-off €100 payments to over 5.8 million low-income households. In Spain, the government has promised to bring prices down to 2018 levels. Madrid also sent a letter to Brussels asking for EU-wide action. "We urgently need a European policy menu pre-designed to react immediately to dramatic price surges," the letter said.

But as the crisis spills over the bloc and citizens express increasing concern, it's unclear how much power the European Union can exert to rein in the excesses of a liberalised energy market whose primary source comes from outside its own borders.

The economic recovery prompted a new wave of energy demand, which further increased during the summer when sweltering temperatures pushed people to use air conditioning and cooling systems. East Asian countries then joined Europe in the quest for energy to kick start their COVID-ravaged economies. However, the growing demand was not met with a growing offer.

https://www.euronews.com/2021/10/28/why-europe-s-energy-prices-are-soaring-and-could-get-much-worse

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 04:18:28 PM
Well that explains it…we always lead.  We’re #1!..we’re #1!! Higher than Hawaii!! Who has to import every drop!!! I’m so proud.

California Sets New Record-High Average Gas Prices


America’s largest state by population has the highest gas prices in the country.

https://sacramento.cbslocal.com/2021/11/14/california-new-record-high-gas-prices/?amp (https://sacramento.cbslocal.com/2021/11/14/california-new-record-high-gas-prices/?amp)
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on November 15, 2021, 04:47:10 PM
Moretroll, have you ever NOT posted useless shit?

Look at this chart from 2019, when your Dear Leader Trump was in the White House.

http://news.aaa-calif.com/news/auto-club-californians-paid-highest-gas-prices-in-us-in-2019

Oh wait...Californians paid the highest gas prices in the US in 2019. More than $1 more than the national average. And guess what, higher than Hawaii.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 06:24:21 PM
Blew past that already. Goin higher…
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 06:33:10 PM
It’s cool…you can afford it…

Tyson Foods will hike prices again to combat Bidenflation and soaring costs

The biggest meat company by sales in the United States has announced significant prices rises for the fourth quarter, as the impact of the highest inflation for 30 years continues to be felt.

Tyson Foods, based in Springdale, Arkansas, announced on Monday that chicken prices rose 19 per cent during its fiscal fourth quarter, while beef and pork prices jumped 33 per cent and 38 per cent, respectively.

https://twnews.co.uk/uk-news/tyson-foods-will-hike-prices-again-to-combat-bidenflation-and-soaring-costs (https://twnews.co.uk/uk-news/tyson-foods-will-hike-prices-again-to-combat-bidenflation-and-soaring-costs)
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on November 15, 2021, 06:54:30 PM
Blew past that already. Goin higher…

Typical moretroll M.O. Posts useless shit and then moves goal post.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 07:22:41 PM
Posting that gas was $3.72 in 2019 when they are now paying $4.67 is useless posting but ok….
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 08:00:53 PM
Euro News Article: Why Europe's energy prices are soaring and could get much worse

Citizens in countries like Spain, Italy, France and Poland are now facing all-time-high energy bills that add to the economic woes caused by the pandemic. The popular discontent has put governments on high alert, with ministers scrambling to come up with emergency measures, even if they're short-term and only partially effective to cushion the impact.

In Italy, Roberto Cingolani, minister for the ecological transitions, has already warned Italians to expect a 40% increase in their bills over the next months. France said it will send one-off €100 payments to over 5.8 million low-income households. In Spain, the government has promised to bring prices down to 2018 levels. Madrid also sent a letter to Brussels asking for EU-wide action. "We urgently need a European policy menu pre-designed to react immediately to dramatic price surges," the letter said.

But as the crisis spills over the bloc and citizens express increasing concern, it's unclear how much power the European Union can exert to rein in the excesses of a liberalised energy market whose primary source comes from outside its own borders.

The economic recovery prompted a new wave of energy demand, which further increased during the summer when sweltering temperatures pushed people to use air conditioning and cooling systems. East Asian countries then joined Europe in the quest for energy to kick start their COVID-ravaged economies. However, the growing demand was not met with a growing offer.

https://www.euronews.com/2021/10/28/why-europe-s-energy-prices-are-soaring-and-could-get-much-worse

The fake financial advisor cant understand the growing global demand for energy.
Title: Re: INFLATION IS OUR FRIEND
Post by: The California Court Company on November 15, 2021, 08:13:49 PM
(https://i.etsystatic.com/10844617/r/il/642677/3480597813/il_1588xN.3480597813_auc5.jpg)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 08:32:13 PM
Euro News Article: Why Europe's energy prices are soaring and could get much worse

Citizens in countries like Spain, Italy, France and Poland are now facing all-time-high energy bills that add to the economic woes caused by the pandemic. The popular discontent has put governments on high alert, with ministers scrambling to come up with emergency measures, even if they're short-term and only partially effective to cushion the impact.

In Italy, Roberto Cingolani, minister for the ecological transitions, has already warned Italians to expect a 40% increase in their bills over the next months. France said it will send one-off €100 payments to over 5.8 million low-income households. In Spain, the government has promised to bring prices down to 2018 levels. Madrid also sent a letter to Brussels asking for EU-wide action. "We urgently need a European policy menu pre-designed to react immediately to dramatic price surges," the letter said.

But as the crisis spills over the bloc and citizens express increasing concern, it's unclear how much power the European Union can exert to rein in the excesses of a liberalised energy market whose primary source comes from outside its own borders.

The economic recovery prompted a new wave of energy demand, which further increased during the summer when sweltering temperatures pushed people to use air conditioning and cooling systems. East Asian countries then joined Europe in the quest for energy to kick start their COVID-ravaged economies. However, the growing demand was not met with a growing offer.

https://www.euronews.com/2021/10/28/why-europe-s-energy-prices-are-soaring-and-could-get-much-worse

The fake financial advisor cant understand the growing global demand for energy.

Add India and China to the global energy crisis. Also, South America is having energy problems with a water problem.

South Africa is also having an energy crisis with power outages.

Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on November 15, 2021, 08:56:04 PM
Posting that gas was $3.72 in 2019 when they are now paying $4.67 is useless posting but ok….

Moreliar still lying.

$3.72 was average for 2019. $4.67 is the price for October 2021. Gas price for October 2019 was $4.27. But that's besides the point.

You were trying to post misinformation....that California has just overtaken Hawaii as the highest price.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 09:05:04 PM
Was just posting from your article (opinion).  California is more expensive than HI because we are dumb enough to tax ourselves into oblivion…the stupid taxing the masses into “fairness”. Besides, who cares about what energy is in Europe? This is an OC board…right?


What does Manhattan have to do with OC? It's $4.xx in OC.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 09:10:44 PM
Euro News Article: Why Europe's energy prices are soaring and could get much worse

Citizens in countries like Spain, Italy, France and Poland are now facing all-time-high energy bills that add to the economic woes caused by the pandemic. The popular discontent has put governments on high alert, with ministers scrambling to come up with emergency measures, even if they're short-term and only partially effective to cushion the impact.

In Italy, Roberto Cingolani, minister for the ecological transitions, has already warned Italians to expect a 40% increase in their bills over the next months. France said it will send one-off €100 payments to over 5.8 million low-income households. In Spain, the government has promised to bring prices down to 2018 levels. Madrid also sent a letter to Brussels asking for EU-wide action. "We urgently need a European policy menu pre-designed to react immediately to dramatic price surges," the letter said.

But as the crisis spills over the bloc and citizens express increasing concern, it's unclear how much power the European Union can exert to rein in the excesses of a liberalised energy market whose primary source comes from outside its own borders.

The economic recovery prompted a new wave of energy demand, which further increased during the summer when sweltering temperatures pushed people to use air conditioning and cooling systems. East Asian countries then joined Europe in the quest for energy to kick start their COVID-ravaged economies. However, the growing demand was not met with a growing offer.

https://www.euronews.com/2021/10/28/why-europe-s-energy-prices-are-soaring-and-could-get-much-worse

The fake financial advisor cant understand the growing global demand for energy.

Add India and China to the global energy crisis. Also, South America is having energy problems with a water problem.

South Africa is also having an energy crisis with power outages.

The so called financial advisor is a troll! facts
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 09:15:29 PM
Fact is your paying a whole lot more for everything. You, me and everyone else in this country…that’s a fact. You can’t argue that fact. But you guys can try. ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 09:16:14 PM
Fact is your paying a whole lot more for everything. You, me and everyone else in this country…that’s a fact. You can’t argue that fact. But you guys can try. ;D ;D >:D

The fact is everybody in the world is.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 09:16:39 PM
I think we have the biggest joke on TI.
I think I am wasting my time dealing with an amateur.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 09:24:36 PM
Fact is your paying a whole lot more for everything. You, me and everyone else in this country…that’s a fact. You can’t argue that fact. But you guys can try. ;D ;D >:D

The fact is everybody in the world is.

And it’s partially self inflicted. That will be corrected.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 09:29:34 PM
I think we have the biggest joke on TI.
I think I am wasting my time dealing with an amateur.

Who would invest with this guy? He does not know and does not get it.
A professional amateur!
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 09:39:13 PM
I think we have the biggest joke on TI.
I think I am wasting my time dealing with an amateur.

Who would invest with this guy? He does not know and does not get it.
A professional amateur!

First of all, you couldn’t  invest with us if you wanted to (just too small). Second, my clients will never leave me.. 35 years of performance…I earned it and they know it. It’s why I really don’t care what you think…I got mine..it really is sheep like you that will and are losing…wether you know it or not. I find it entertaining.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 09:40:37 PM
I think we have the biggest joke on TI.
I think I am wasting my time dealing with an amateur.

Who would invest with this guy? He does not know and does not get it.
A professional amateur!

First of all, you couldn’t  invest with us if you wanted to (just too small). Second, my clients will never leave me.. 35 years of performance…I earned it and they know it. It’s why I really don’t care what you think…I got mine..it really is sheep like you that will and are losing…wether you know it or not. I find it entertaining.

Like I said your retired
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 09:46:20 PM
No, in fact my business has doubled over the last several years. I will never retire, I like what I do too much. It’s why I am successful at it. I see things others don’t and can act on that…it makes people money, and that is fun.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 09:48:36 PM
Keep trolling no one believes you.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 09:49:38 PM
Lets do his trolling tactics. Stock market up winning.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 09:52:52 PM
Sorry your the biggest joke on talk irvine
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 09:58:11 PM
Sorry your the biggest joke on talk irvine

 ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 09:59:57 PM
Stock market up winning
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 10:08:13 PM
Stock market up winning

No, it’s down markets where I earn my pay. I hate markets that only go up. That fall in March of ‘20 was incredibly profitable for us…look at my comments from that time frame…i hinted to that the whole time.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 10:34:49 PM
Stock market up winning

No, it’s down markets where I earn my pay. I hate markets that only go up. That fall in March of ‘20 was incredibly profitable for us…look at my comments from that time frame…i hinted to that the whole time.

Markets are up! Winning
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 10:40:52 PM
Stock market up winning

No, it’s down markets where I earn my pay. I hate markets that only go up. That fall in March of ‘20 was incredibly profitable for us…look at my comments from that time frame…i hinted to that the whole time.

Markets are up! Winning

Actually, the inflation trade and energy has been the big winners but you had to be on it early before everybody figured it out and had to finally admit it.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 10:42:30 PM
Stock market winning. (What clown said that before?)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 11:06:34 PM
Stock market winning. (What clown said that before?)

The markets are winners but its only the rubes that think up is the only way to win.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 15, 2021, 11:11:14 PM
Stock market winning. (What clown said that before?)

The markets are winners but its only the rubes that think up is the only way to win.


Another Republicon double standard? lol
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 15, 2021, 11:14:53 PM
Stock market winning. (What clown said that before?)

The markets are winners but its only the rubes that think up is the only way to win.


Another Republicon double standard? lol


And as usual...you miss the point
.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 16, 2021, 10:25:02 AM
Hmmm...having Russia control energy in Western Europe is not a good idea?  Who said that?  Let me think....Bullet...meet foot.

Germany suspends approval for Russia's Nord Stream 2 gas pipeline hours after Boris Johnson told EU it must choose between Ukraine's freedom or buying gas from Moscow
Construction of pipeline directly to Germany has been delayed by US sanctions
Washington and London say the pipeline gives Kremlin too much influence
Comes as Kremlin brings chaos to EU, with crises at Polish and Ukrainian borders
Boris Johnson last night urged Europe it was time to 'stick up for Ukraine

https://www.dailymail.co.uk/news/article-10207941/Germany-suspends-approval-Russias-Nord-Stream-2-gas-pipeline.html (https://www.dailymail.co.uk/news/article-10207941/Germany-suspends-approval-Russias-Nord-Stream-2-gas-pipeline.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on November 16, 2021, 11:06:47 AM
Putin plays chess
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 16, 2021, 12:37:12 PM
This guy has excuses for everything. How about the long black outs with out power in South Africa? How about the energy crisis in India?

They are a joke: stop the count in Philadelphia, but continue the count in Arizona. lol
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 16, 2021, 01:03:53 PM
This guy has excuses for everything. How about the long black outs with out power in South Africa? How about the energy crisis in India?

They are a joke: stop the count in Philadelphia, but continue the count in Arizona. lol

Both made worse by the war on energy..South Africa is 90% powered by coal, India is not far behind...Both will continue to be and like China and ramp it up...No stopping it.

Nearly 90% of South Africa's power generation is fueled by coal, making the country one of the heaviest polluters per-capita on the planet. South Africa's Mpumalanga province is home to most of the country's coal industry and coal-fired power stations, with their colossal chimneys, flanking both sides of the highway.

Coal account for around 70% of India's electricity India is facing an impending energy crisis as several states saw coal-fired power plants shut down due to a coal shortage. Major cities such as the capital New Delhi experienced electricity cuts that ran for hours over the weekend.

Coal power is distributed by the State Power Grid Corporation. China's installed coal-based electrical capacity was 1080 GW in 2021, about half the total installed capacity. Coal generated 57% of electricity in 2020. Over half the world's coal-fired power is generated in China. 5 GW of new coal power was approved in the first half of 20
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on November 16, 2021, 04:08:28 PM
Easy inflation solution: remove Trump's tariffs
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 16, 2021, 04:31:20 PM
Easier would be drill baby drill….

U.S. shale has a message for the Biden administration: Ask us to increase oil production, not OPEC


The chief executive of Occidental Petroleum said the Biden administration should ask U.S. oil producers to boost supply if necessary, rather than OPEC.
The Biden administration asked OPEC and its allies to boost production in late summer when gasoline prices soared.
There are strong signs that U.S. production is bouncing back.

https://www.cnbc.com/2021/11/16/occidental-to-biden-ask-us-to-increase-oil-production-not-opec.html? (https://www.cnbc.com/2021/11/16/occidental-to-biden-ask-us-to-increase-oil-production-not-opec.html?)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 16, 2021, 04:40:06 PM
Easy inflation solution: remove Trump's tariffs

Stop the count, wait continue counting. ;)
* We are live in front of a lawn mower shop waiting for Trump’s legal team press conference. Rofl
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 16, 2021, 04:44:03 PM
Easy inflation solution: remove Trump's tariffs

Brandon may go the other way…


Biden administration to announce diplomatic boycott of Beijing Olympics, report says


https://www.independent.co.uk/news/world/americas/beijing-olympics-boycott-biden-china-b1958750.html (https://www.independent.co.uk/news/world/americas/beijing-olympics-boycott-biden-china-b1958750.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on November 16, 2021, 05:09:07 PM
hey morekaos you buy your brandoncoin yet?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 16, 2021, 05:21:15 PM
No, no crypto for me of any type. ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 16, 2021, 05:28:30 PM
hey morekaos you buy your brandoncoin yet?

He missed the the crypto train.
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on November 16, 2021, 05:33:08 PM
oh you're missing out. it's gonna be huge.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 16, 2021, 05:50:46 PM
hey morekaos you buy your brandoncoin yet?

He missed the the crypto train.

Oh it’s a train alright…the long black train…I’ll pass. Too easy making money the real way.

Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 16, 2021, 05:53:49 PM
oh you're missing out. it's gonna be huge.

You mean yuge!  ;)
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on November 16, 2021, 10:20:54 PM
3 electric car companies make up like 1/3 the value of the stock market and you're talking about drilling for more oil lmao
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 16, 2021, 10:49:05 PM
3 electric car companies make up like 1/3 the value of the stock market and you're talking about drilling for more oil lmao

That make up 2% of the market of cars...yah, they really don't matter.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 16, 2021, 11:12:58 PM
3 electric car companies make up like 1/3 the value of the stock market and you're talking about drilling for more oil lmao

9 in 10 cars being sold in Norway are electric or Hybrid.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 17, 2021, 08:38:28 AM
3 electric car companies make up like 1/3 the value of the stock market and you're talking about drilling for more oil lmao

9 in 10 cars being sold in Norway are electric or Hybrid.

141,412 car sales  in 2020 as a whole in Norway
13,000,000 car sales in 2020 as a whole in USA

Who cares about Norway?  This is a OC board...remember?
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 17, 2021, 09:28:52 AM
3 electric car companies make up like 1/3 the value of the stock market and you're talking about drilling for more oil lmao

9 in 10 cars being sold in Norway are electric or Hybrid.

141,412 car sales  in 2020 as a whole in Norway
13,000,000 car sales in 2020 as a whole in USA

Who cares about Norway?  This is a OC board...remember?


Double Standard? It is okay for you to reference non OC things and also you reference Europe. But when I do it. Its a problem.


Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 17, 2021, 09:45:52 AM
Reference all you want but if you do, make it relevent...to compare those two markets is ridiculous (scaling dos not carry) and makes no point to back up your premise.  I really don't care, but it was you that didn't like the Manhattan or Central California comparison of gas prices.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 17, 2021, 10:16:02 AM
Double standard confirmed
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 17, 2021, 10:31:28 AM
Double standard confirmed

Irrelevance confirmed...make and argument.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 17, 2021, 10:36:20 AM
Question is already answered.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 17, 2021, 10:37:11 AM
So going forward you should not talk about anything except oc.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 17, 2021, 10:46:07 AM
Don't blame me...I always talk on a more macro basis...


What does Manhattan have to do with OC? It's $4.xx in OC.

When did I ever specify OC?...doesn't matter, if it in the high $4's now it will be $5 soon enough with oil at $81.51 a barrel today.  Remember...inflation is your friend.

Well, considering this is OC forum. And it just barely reached $4.00.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 17, 2021, 10:48:03 AM
So going forward you should not talk about anything except oc.

Nope. You went out of your way to call me out. To say we should talk about OC. So going forward you should talk about oc.
(But I dont have to)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 17, 2021, 11:18:10 AM
The call out was on RELEVENCE...not location.  If your gonna use an example to prop up an argument at least use one that makes sense...that's all.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on November 17, 2021, 12:03:59 PM
The call out was on RELEVENCE...not location.  If your gonna use an example to prop up an argument at least use one that makes sense...that's all.

eyephone - MK has represented his credentials and expertise - what are yours?

He even showed how dependent 3rd world countries like SA and India are on coal. Did you know American coal burns cleaner than any other, and we have a 300 year supply? Coal and oil will only be diminished at the rate the market enables them to be. I pulled the trigger on my Tesla + Tesla Solar + PW because govt subsidies made them affordable to ME, but I don't know anyone else in the neighborhood that went all in.

I think all the legacy ICE mfrs will go belly up trying to compete with Tesla, with only Ferrari left standing due to their pricing power and mastery of selling automotive nostalgia. But this will take 20 yrs.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 17, 2021, 12:57:29 PM
Again. The fake financial advisor forgets to mention that there is a global energy crisis.

Oh yah...let's beg OPEC to pump more....genius!!! Or no, wait...the evil oil companies are changing over to winter blend and doing maintenance at the same time!!! coincidence?  I think not!! ;D ;D >:D

sooooo predictable...

Biden goes after the gas companies over soaring costs at the pumps: President asks FTC to investigate whether 'illegal conduct' by big energy firms is behind price surge that's seen a gallon hit $4.84 in California
President Biden went after gas companies for the rising prices at the fuel pump
He asked the Federal Trade Commission to investigate whether 'illegal conduct is costing families at the pump'
'Gasoline prices at the pump remain high even though oil and gas companies' costs are declining,' the president noted
The average price of gas is $3.413 a gallon, according to AAA
Biden's push comes as rising gas prices contribute to record high inflation
Also comes ahead of Thanksgiving holiday travel
He visits Detroit on Wednesday to highlight electric car production

https://www.dailymail.co.uk/news/article-10213053/Biden-goes-gas-companies-soaring-prices-pumps.html (https://www.dailymail.co.uk/news/article-10213053/Biden-goes-gas-companies-soaring-prices-pumps.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on November 17, 2021, 01:10:33 PM
Again. The fake financial advisor forgets to mention that there is a global energy crisis.

Oh yah...let's beg OPEC to pump more....genius!!! Or no, wait...the evil oil companies are changing over to winter blend and doing maintenance at the same time!!! coincidence?  I think not!! ;D ;D >:D

sooooo predictable...

Biden goes after the gas companies over soaring costs at the pumps: President asks FTC to investigate whether 'illegal conduct' by big energy firms is behind price surge that's seen a gallon hit $4.84 in California
President Biden went after gas companies for the rising prices at the fuel pump
He asked the Federal Trade Commission to investigate whether 'illegal conduct is costing families at the pump'
'Gasoline prices at the pump remain high even though oil and gas companies' costs are declining,' the president noted
The average price of gas is $3.413 a gallon, according to AAA
Biden's push comes as rising gas prices contribute to record high inflation
Also comes ahead of Thanksgiving holiday travel
He visits Detroit on Wednesday to highlight electric car production

https://www.dailymail.co.uk/news/article-10213053/Biden-goes-gas-companies-soaring-prices-pumps.html (https://www.dailymail.co.uk/news/article-10213053/Biden-goes-gas-companies-soaring-prices-pumps.html)

I'm sure shutting down pipelines and then paying russia for oil didn't factor into that.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 17, 2021, 01:16:46 PM
The call out was on RELEVENCE...not location.  If your gonna use an example to prop up an argument at least use one that makes sense...that's all.

eyephone - MK has represented his credentials and expertise - what are yours?

He even showed how dependent 3rd world countries like SA and India are on coal. Did you know American coal burns cleaner than any other, and we have a 300 year supply? Coal and oil will only be diminished at the rate the market enables them to be. I pulled the trigger on my Tesla + Tesla Solar + PW because govt subsidies made them affordable to ME, but I don't know anyone else in the neighborhood that went all in.

I think all the legacy ICE mfrs will go belly up trying to compete with Tesla, with only Ferrari left standing due to their pricing power and mastery of selling automotive nostalgia. But this will take 20 yrs.

I dont need to tell him shit. He gave a license # that I did not ask for.
(For the record: I am not responsible for that)
Who knows if that was his license or not.

The whole world is going through an energy crisis right now.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 17, 2021, 01:29:42 PM
The call out was on RELEVENCE...not location.  If your gonna use an example to prop up an argument at least use one that makes sense...that's all.

eyephone - MK has represented his credentials and expertise - what are yours?

He even showed how dependent 3rd world countries like SA and India are on coal. Did you know American coal burns cleaner than any other, and we have a 300 year supply? Coal and oil will only be diminished at the rate the market enables them to be. I pulled the trigger on my Tesla + Tesla Solar + PW because govt subsidies made them affordable to ME, but I don't know anyone else in the neighborhood that went all in.

I think all the legacy ICE mfrs will go belly up trying to compete with Tesla, with only Ferrari left standing due to their pricing power and mastery of selling automotive nostalgia. But this will take 20 yrs.

I dont need to tell him shit. He gave a license # that I did not ask for.
(For the record: I am not responsible for that)
Who knows if that was his license or not.

The whole world is going through an energy crisis right now.

...and of course you asked for it but of course I never gave out a real one...again try to stick to relevant comments...

He talks too much chi7 online thats why he does not want to give his financial license number. (If he has one)

Again I dont have to tell you chit.
Go fu5 your self with transparency.
This is a dumb forum and you want transparency. But wont give out your fake license #. Go cry to your mummy.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 17, 2021, 01:33:14 PM
The call out was on RELEVENCE...not location.  If your gonna use an example to prop up an argument at least use one that makes sense...that's all.

eyephone - MK has represented his credentials and expertise - what are yours?

He even showed how dependent 3rd world countries like SA and India are on coal. Did you know American coal burns cleaner than any other, and we have a 300 year supply? Coal and oil will only be diminished at the rate the market enables them to be. I pulled the trigger on my Tesla + Tesla Solar + PW because govt subsidies made them affordable to ME, but I don't know anyone else in the neighborhood that went all in.

I think all the legacy ICE mfrs will go belly up trying to compete with Tesla, with only Ferrari left standing due to their pricing power and mastery of selling automotive nostalgia. But this will take 20 yrs.

I dont need to tell him shit. He gave a license # that I did not ask for.
(For the record: I am not responsible for that)
Who knows if that was his license or not.

The whole world is going through an energy crisis right now.

...and of course you asked for it but of course I never gave out a real one...again try to stick to relevant comments...

He talks too much chi7 online thats why he does not want to give his financial license number. (If he has one)

Again I dont have to tell you chit.
Go fu5 your self with transparency.
This is a dumb forum and you want transparency. But wont give out your fake license #. Go cry to your mummy.

Yeah the #1 troll gave a fake professional license # out. I think we have seen it all!
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 17, 2021, 01:35:43 PM
Hmmm...you rethought your position?... ;D ;D >:D

Honestly i dont care bro. Delete it
You take this too seriously. (I hope you know I am joking around)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 17, 2021, 01:39:29 PM
Hmmm...you rethought your position?... ;D ;D >:D

Honestly i dont care bro. Delete it
You take this too seriously. (I hope you know I am joking around)

I said that because I knew you would put a fake license of someone else that had nothing to do with talk irvine.
Again you posted the license # in the forum. I did not.

So legally you are responsible for posting that license #, not me.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 17, 2021, 01:41:17 PM
Hmmm...you rethought your position?... ;D ;D >:D

Honestly i dont care bro. Delete it
You take this too seriously. (I hope you know I am joking around)

I said that because I knew you would put a fake license of someone else that had nothing to do with talk irvine.
Again you posted the license # in the forum. I did not.

So legally you are responsible for posting that license #, not me.

..and you really believe I would post a real number...of course not.  Why on earth would I do that?  CRD numbers are seven consecutive digits anyway...but you wouldn't know that.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 17, 2021, 01:58:15 PM

I'm sure shutting down pipelines and then paying russia for oil didn't factor into that.

The fool actually is begging OPEC and now groveling to China to release oil for us...totally embarrassing...

U.S. Asks China To Release More Oil From Its Reserves
By Irina Slav - Nov 17, 2021, 9:00 AM CST
During a virtual meeting this week, U.S. President Biden has asked his Chinese counterpart to release more crude oil from its reserves
China released gasoline and diesel from its reserves earlier this month to halt a price rise in some parts of the country

https://oilprice.com/Energy/Crude-Oil/US-Asks-China-To-Release-More-Oil-From-Its-Reserves.html (https://oilprice.com/Energy/Crude-Oil/US-Asks-China-To-Release-More-Oil-From-Its-Reserves.html)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 17, 2021, 02:16:03 PM
I think Trump talked to other countries regarding oil. (I believe other presidents have done the same)

But if Biden does it, its a problem?
Another double standard.

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 17, 2021, 02:44:00 PM
Trump talked to them about buying our energy…not the other way around. Under trump we were a net Exporter or energy..now we go begging, hat in hand, to anyone who might spare a brother a dime…pitiful and self inflicted.

Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 17, 2021, 02:51:01 PM
You must be retired to have all this time to come up with this. You will get more like on Facebook.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 17, 2021, 03:03:19 PM
Don’t need to be retired to know the truth.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on November 17, 2021, 04:02:22 PM
The truth is there is a global energy crisis.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 18, 2021, 09:20:22 AM

I'm sure shutting down pipelines and then paying russia for oil didn't factor into that.

The fool actually is begging OPEC and now groveling to China to release oil for us...totally embarrassing...

U.S. Asks China To Release More Oil From Its Reserves
By Irina Slav - Nov 17, 2021, 9:00 AM CST
During a virtual meeting this week, U.S. President Biden has asked his Chinese counterpart to release more crude oil from its reserves
China released gasoline and diesel from its reserves earlier this month to halt a price rise in some parts of the country

https://oilprice.com/Energy/Crude-Oil/US-Asks-China-To-Release-More-Oil-From-Its-Reserves.html (https://oilprice.com/Energy/Crude-Oil/US-Asks-China-To-Release-More-Oil-From-Its-Reserves.html)

Why is moron boy already quietly taping the strategic oil reserve (according to Bloomberg)  but sending it to...China?!!!!

U.S. Is Already Exporting Oil From Strategic Reserve at Record Pace

(Bloomberg) -- If the Biden Administration decides to tap U.S. emergency crude reserves to push down domestic energy prices, it may not help all that much. The supplies may just be exported away like last month.

About 1.6 million barrels of crude from the U.S. Strategic Petroleum Reserve -- a monthly record -- was shipped out in October, according to data from market intelligence firm Kpler. Three cargoes were loaded onto a supertanker in the U.S. Gulf Coast and are headed to Asia.

“Given the ongoing pace of the current SPR release -- 12 million barrels in the last two months and the biggest weekly release so far last week at 3.1 million barrels -- it’s fair to assume more SPR barrels are going to leave U.S. shores in the weeks ahead,” said Matt Smith, an oil analyst at Kpler.

The White House has been mulling a range of options to ease soaring pump prices and Democrats are pressing for a potential ban on oil exports as well as the release of crude from the nation’s strategic reserves.

©2021 Bloomberg L.P.

https://www.bnnbloomberg.ca/u-s-is-already-exporting-oil-from-strategic-reserve-at-record-pace-1.1680148 (https://www.bnnbloomberg.ca/u-s-is-already-exporting-oil-from-strategic-reserve-at-record-pace-1.1680148)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 23, 2021, 04:14:02 PM
Awesome!! It’s dollar and a quarter tree now! So 99 cent store will soon be 125 cent store….Just rolls off the tongue, huh? 

Dollar Tree hikes prices 25%. Most items will cost $1.25

The company — one of America's last remaining true dollar stores — said Tuesday it will raise prices from $1 to $1.25 on the majority of its products by the first quarter of 2022. The change is a sign of the pressures low-cost retailers face holding down prices during a period of rising inflation.
Dollar Tree (DLTR) said in a quarterly earnings release Tuesday that its decision to raise prices to $1.25 permanently, however, was "not a reaction to short-term or transitory market conditions."

https://www.cnn.com/2021/11/23/investing/dollar-tree-prices-inflation/index.html?utm_source=fbCNN&utm_term=link&utm_medium=social&utm_content=2021-11-23T16%3A00%3A26&fbclid=IwAR05wlqmlG7kLYL6NuER6f2oYKVaLAS9aR-JGq1XAISXnO-ILAc0AXkEvuM (https://www.cnn.com/2021/11/23/investing/dollar-tree-prices-inflation/index.html?utm_source=fbCNN&utm_term=link&utm_medium=social&utm_content=2021-11-23T16%3A00%3A26&fbclid=IwAR05wlqmlG7kLYL6NuER6f2oYKVaLAS9aR-JGq1XAISXnO-ILAc0AXkEvuM)


Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 24, 2021, 10:20:19 AM
HAHAHAHAH...Here's NBC's helpful hint to get through Thanksgiving Inflation...1) Cut out Turkey  2) Dont invite anyone and  3) Charge your guests at the door!!! (Venmo makes it easy and less awkward)   Everybody needs to pitch in...Inflation is your friend!!

Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on November 30, 2021, 10:25:06 AM
Powell has announced that he is retiring the term 'transitory'... not because he was wrong mind you, but because Americans were too dumb to understand what he meant.
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on November 30, 2021, 10:34:38 AM
Any word with more than three syllables and you'll lose most of the crowd completely. "Kardashian" being one of the few exceptions.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on November 30, 2021, 02:47:06 PM
Nothing to see here….

'Inflation will ease over time, whatever you want to call it': Psaki DOWNPLAYS soaring prices and accuses Republicans of 'screaming from bullhorn' - after Fed Chair Powell warned it could get worse


Psaki stood by the Biden administration's months-old line that the 31-year high in consumer prices is merely temporary in comments to reporters aboard AF1
That's despite Fed Chair Jerome Powell indicating otherwise just hours earlier
The press secretary also said Republicans had 'no plan' to fix inflation
Markets dropped as Powell testified before the Senate Banking Committee
During the hearing he acknowledged that soaring inflation isn't 'transitory'
He said inflation pressures were 'high' and the economy is 'strong'
Powell's remarks raised the possibility of future interest rate hikes
He also raised 'downside risks to employment and economic activity and increased uncertainty for inflation' amid the new Omicron COVID variant

https://www.dailymail.co.uk/news/article-10259897/Psaki-DOWNPLAYS-inflation-accuses-GOP-screaming-bullhorn-Fed-says-worse.html (https://www.dailymail.co.uk/news/article-10259897/Psaki-DOWNPLAYS-inflation-accuses-GOP-screaming-bullhorn-Fed-says-worse.html)

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on December 10, 2021, 09:02:11 AM
It's coming...the "Inflation is your friend!" campaign.  The "Malaise" speech is on the  flight deck..

Try to spin this, Joe: Inflation soars to highest level in 40 YEARS as 'Bidenflation' sees prices jump 6.8% in biggest rise since Reagan admin after White House had secret meetings with journalists begging for better press on economy

Overall consumer prices rose 6.8% in November from a year ago, the biggest annual gain since 1982
Consumer price index jumped 0.8% on the month, down slightly from October's gain of 0.9%
'Inflation is going to get worse before it gets better,' one analyst warns as supply chain crisis continues
Soaring inflation has become a political liability for Biden, who is urging journalists to be more favorable
Administration officials have been holding secret briefings pleading for better coverage on the economy

https://www.dailymail.co.uk/news/article-10296485/Inflation-soars-highest-level-40-YEARS-prices-jump-6-8.html

Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on December 10, 2021, 11:46:51 AM
Uh... supply chain?
Title: Re: INFLATION IS OUR FRIEND
Post by: akula1488 on December 10, 2021, 12:15:51 PM
Let me guess. Is it the unvaccinated indirectly causing inflation or climate change or racial justice or gender discrimination or abortion ban or guns?
Looks like this administration has lost sight on reality. When you cannot put food on the table or keep the house warm in winter, no body cares about climate change, EVs, racial or gender injustice or abortion or gun debate.
Title: Re: INFLATION IS OUR FRIEND
Post by: fatduck on December 10, 2021, 12:32:54 PM
Let me guess. Is it the unvaccinated indirectly causing inflation or climate change or racial justice or gender discrimination or abortion ban or guns?
Looks like this administration has lost sight on reality. When you cannot put food on the table or keep the house warm in winter, no body cares about climate change, EVs, racial or gender injustice or abortion or gun debate.
what?
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on December 10, 2021, 01:10:04 PM
Let me guess. Is it the unvaccinated indirectly causing inflation or climate change or racial justice or gender discrimination or abortion ban or guns?
Looks like this administration has lost sight on reality. When you cannot put food on the table or keep the house warm in winter, no body cares about climate change, EVs, racial or gender injustice or abortion or gun debate.
what?

Far right wing "logic".
Title: Re: INFLATION IS OUR FRIEND
Post by: akula1488 on December 10, 2021, 02:38:23 PM
How focusing on the economy is far right?

Far right agenda would be the opposite of what I just said. Drill baby drill.
Ban gay marriage
Promote white supremacy
Expel gun control laws
Etc

This administration's priority is so far left that are going to piss off majority of the electorates, at least the alive ones.


Let me guess. Is it the unvaccinated indirectly causing inflation or climate change or racial justice or gender discrimination or abortion ban or guns?
Looks like this administration has lost sight on reality. When you cannot put food on the table or keep the house warm in winter, no body cares about climate change, EVs, racial or gender injustice or abortion or gun debate.
what?

Far right wing "logic".
Title: No facts or poll support just your opinion
Post by: eyephone on December 10, 2021, 02:58:40 PM
Akula your comments are almost anecdotal

1. Cant put food on the table? Are you sure? There are so many jobs available with higher pay than before for the retail workers and others.
2. Florida Gov. Ron DeSantis is putting environmental concerns among his top priorities for a second year as his $96.6 billion budget proposal released Thursday includes $2.2 billion for priorities such as the Everglades restoration, water quality issues, and managing growth.

https://news.wgcu.org/2021-12-09/environmental-concerns-are-among-top-priorities-of-desantis-budget-proposal?_amp=true

3. majority of Americans understand that climate change is a problem. A recent poll found that about six in 10 adults in the United States say the effects of global warming are already happening and a slightly greater proportion believe human activities are to blame for the Earth’s rise in temperature. Another study found that 65% of Americans believe that climate change is an emergency.

https://www.brookings.edu/blog/planetpolicy/2021/05/10/republicans-in-congress-are-out-of-step-with-the-american-public-on-climate/amp/



How focusing on the economy is far right?

Far right agenda would be the opposite of what I just said. Drill baby drill.
Ban gay marriage
Promote white supremacy
Expel gun control laws
Etc

This administration's priority is so far left that are going to piss off majority of the electorates, at least the alive ones.


Let me guess. Is it the unvaccinated indirectly causing inflation or climate change or racial justice or gender discrimination or abortion ban or guns?
Looks like this administration has lost sight on reality. When you cannot put food on the table or keep the house warm in winter, no body cares about climate change, EVs, racial or gender injustice or abortion or gun debate.
what?

Far right wing "logic".
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on December 10, 2021, 03:31:32 PM
Trumper is so extremely far right that he thinks everything is far left. Funny thing is he calls himself a "moderate." LMAO
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on December 10, 2021, 04:13:47 PM
Let me guess. Is it the unvaccinated indirectly causing inflation or climate change or racial justice or gender discrimination or abortion ban or guns?
Looks like this administration has lost sight on reality. When you cannot put food on the table or keep the house warm in winter, no body cares about climate change, EVs, racial or gender injustice or abortion or gun debate.
what the f.....?

anyway, let's throw politics out of this for a second. If you were president dealing with a pandemic, what would you have done better to prevent the supply chain bottlenecks that are transpiring? What can you do when China decides to shut off their ports on ONE covid case found? What can you do when there is a shortage in truck drivers? What can you do when the demand for oil was non-existent during lockdowns and now with the economy slowly reopening but all these variants keep popping up? You aren't sure whether to drill more or not. Drilling too much means prices may go down if variants causes more deaths. Drilling too little means you run into price increases. Everyone wants to make this all political, but in the end, it's not as simple as it sounds.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on December 10, 2021, 09:00:25 PM
Drill baby drill!!
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on December 13, 2021, 09:48:27 AM
Uh... supply chain?

Price is the intersection of supply & demand - Econ 101

You are only citing half of the equation. 

Overstimulation of demand is the other half, and the President does have control over stimulus spending, as well as who helms the Fed.
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on December 13, 2021, 05:57:09 PM
Uh... supply chain?

Price is the intersection of supply & demand - Econ 101

You are only citing half of the equation. 

Overstimulation of demand is the other half, and the President does have control over stimulus spending, as well as who helms the Fed.

I don't entirely agree  that it's whoever is in office that affects the demand side.

Are you saying that had Trump stayed in office, this would not be happening?

Highly doubtful... people gonna people.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on December 14, 2021, 08:57:55 AM
...I suppose it is different this time...it's worse!!

Wholesale prices measure rose 9.6% in November from a year ago, the fastest pace on record

Wholesale prices rose 9.6% from a year ago, the highest level going back to November 2010.
The pace was even faster than the 9.2% estimate.
The core producer price index increased at a 6.9% pace, a bit slower than estimates but still the fastest ever in records dating to August 2014.

https://www.cnbc.com/2021/12/14/wholesale-prices-measure-rises-9point6percent-in-november-from-a-year-ago-the-fastest-pace-on-record.html
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on December 14, 2021, 09:35:37 AM
Uh... supply chain?

Price is the intersection of supply & demand - Econ 101

You are only citing half of the equation. 

Overstimulation of demand is the other half, and the President does have control over stimulus spending, as well as who helms the Fed.

I don't entirely agree  that it's whoever is in office that affects the demand side.

Are you saying that had Trump stayed in office, this would not be happening?

Highly doubtful... people gonna people.

If Trump were still President, I would happily criticize his economic policy if it were as lackluster as Biden's.

The fact is Biden wanted the job of President and he now gets the blame for the things that happen under his presidency.  Obama loved to blame Bush for the economy he inherited and then tried to take credit for the Trump economy after he left.  That is the opposite of leadership.  Biden is equally lacking in leadership, but doesn't have the luxury of blaming Trump because he wouldn't be President without Covid disrupting the economy and causing social disorder.

The problem is you can't use economic stimulus to claw your way out of a supply chain disruption.  It simply doesn't work, and in fact, makes the problem worse.  They are using the policy tools of the prior recession in a completely unaware and reckless way to fight a problem that no longer even exists (risk of deflation). 

Why are all these smart people foolishly doing that, you ask?  Because in the short term, free money is politically popular. 

Unfortunately, now the bill is coming due.
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on December 14, 2021, 11:41:49 AM
Doesn't really answer my question.

Had Trump stayed in office, how would have this been avoided?

Virus still gonna virus, supply chain still gonna supply chain, consumers still gonna consume.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on December 14, 2021, 12:05:24 PM
I think we would have followed a Florida like open economy.  Schools would have opened sooner and a war would have broken out with the teachers unions. You can argue about how that may have caused or prevented deaths but we will never know.  He also would have further encouraged the energy industry. I think prices there would not be this high but again...we'll never know.  Can't prove a negative.
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on December 14, 2021, 12:06:49 PM
Doesn't really answer my question.

Had Trump stayed in office, how would have this been avoided?

Virus still gonna virus, supply chain still gonna supply chain, consumers still gonna consume.

How can anyone answer a hypothetical?  Nobody knows what would have happened, but this is what I would like to have seen:

Trump and his cabinet were more focused on negotiating down-in-the-weeds business issues like trade deals and reshoring manufacturing.  Working with different constituents on the supply chain choke points would be similar.  Talk to and negotiate directly with businesses to figure out exactly what needs to be done to facilitate commerce.

Second, stop stimulating demand for no good reason.  Consumers will only consume if they have the disposable cash to do so.

Third, stop fueling the worker shortage with a myriad of bad policies - unemployment bonuses, eviction moratoriums, student loan moratoriums, and vaccine mandates.

Fourth, promote domestic energy independence by embracing oil production.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on December 14, 2021, 12:13:38 PM
Looks like Bloomberg attended the White house "get on board" meeting about better press treatment of the President...

Bloomberg is mercilessly mocked after advising Americans to 'spend their pay check immediately' and 'borrow lots of money' to tackle inflation in similar advice given to economic basket case Argentina
Bloomberg article used advice from Argentinians as a template for Americans
Among the handy tips were 'negotiate a pay rise - or two' and 'buy a house'
Article was savaged by critics who said it was hopelessly out of touch
Comes as Americans are facing the highest rate of inflation in 40 years

https://www.dailymail.co.uk/news/article-10304213/Toss-away-money-Bloomberg-mocked-advising-spend-pay-check-immediately.html
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on December 14, 2021, 02:02:01 PM
I think we would have followed a Florida like open economy.  Schools would have opened sooner and a war would have broken out with the teachers unions. You can argue about how that may have caused or prevented deaths but we will never know.  He also would have further encouraged the energy industry. I think prices there would not be this high but again...we'll never know.  Can't prove a negative.

Short memory. Economy was closed down during previous admin's watch.

Conjecture is just that... that's why neither you or LL can answer me with a definitive "No... inflation would not happen".

This is what I mean, doesn't matter who is in office... life is gonna life.

And to LL's point, that's the one thing I liked about Trump, trying to fix the inequity of trade with China... but really... just like businesses leave Cali to reduce costs, companies continue to use China for the same reasons (morekaos can't have it both ways).
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on December 14, 2021, 02:07:32 PM
I think we would have followed a Florida like open economy.  Schools would have opened sooner and a war would have broken out with the teachers unions. You can argue about how that may have caused or prevented deaths but we will never know.  He also would have further encouraged the energy industry. I think prices there would not be this high but again...we'll never know.  Can't prove a negative.

Short memory. Economy was closed down during previous admin's watch.

Conjecture is just that... that's why neither you or LL can answer me with a definitive "No... inflation would not happen".

This is what I mean, doesn't matter who is in office... life is gonna life.

And to LL's point, that's the one thing I liked about Trump, trying to fix the inequity of trade with China... but really... just like businesses leave Cali to reduce costs, companies continue to use China for the same reasons (morekaos can't have it both ways).

The only thing is that Trump wasn't trying to fix the inequity of trade with China. He always had beef with China and used this opportunity to flex. Really, the tariffs against China ended up hurting American consumers more than China. Trump didn't understand how tariffs work.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on December 14, 2021, 09:27:57 PM
Uh... supply chain?

Price is the intersection of supply & demand - Econ 101

You are only citing half of the equation. 

Overstimulation of demand is the other half, and the President does have control over stimulus spending, as well as who helms the Fed.

I don't entirely agree  that it's whoever is in office that affects the demand side.

Are you saying that had Trump stayed in office, this would not be happening?

Highly doubtful... people gonna people.

If Trump were still President, I would happily criticize his economic policy if it were as lackluster as Biden's.

The fact is Biden wanted the job of President and he now gets the blame for the things that happen under his presidency.  Obama loved to blame Bush for the economy he inherited and then tried to take credit for the Trump economy after he left.  That is the opposite of leadership.  Biden is equally lacking in leadership, but doesn't have the luxury of blaming Trump because he wouldn't be President without Covid disrupting the economy and causing social disorder.

The problem is you can't use economic stimulus to claw your way out of a supply chain disruption.  It simply doesn't work, and in fact, makes the problem worse.  They are using the policy tools of the prior recession in a completely unaware and reckless way to fight a problem that no longer even exists (risk of deflation). 

Why are all these smart people foolishly doing that, you ask?  Because in the short term, free money is politically popular. 

Unfortunately, now the bill is coming due.
I don’t think that you understand that US economic policies would not have stopped inflation from occurring. How are you going to control china/vietnam shutting down its ports? What about how much OPEC can drill? What can you do when shipping a container from Asia to US use to cost $1500 and is now $10,000? What about the lack of truck drivers? Outdated and inefficient ports in the US? Don’t tell me lack of truck drivers is because of stimulus as we were lacking them before the pandemic.

Point is, a lot of the issues that exist now is beyond the power of the US gov. No individual gov would have prevented this and the idea that you feel that way means you don’t quite understand the idea of globalization.
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on December 15, 2021, 09:52:32 AM
Uh... supply chain?

Price is the intersection of supply & demand - Econ 101

You are only citing half of the equation. 

Overstimulation of demand is the other half, and the President does have control over stimulus spending, as well as who helms the Fed.

I don't entirely agree  that it's whoever is in office that affects the demand side.

Are you saying that had Trump stayed in office, this would not be happening?

Highly doubtful... people gonna people.

If Trump were still President, I would happily criticize his economic policy if it were as lackluster as Biden's.

The fact is Biden wanted the job of President and he now gets the blame for the things that happen under his presidency.  Obama loved to blame Bush for the economy he inherited and then tried to take credit for the Trump economy after he left.  That is the opposite of leadership.  Biden is equally lacking in leadership, but doesn't have the luxury of blaming Trump because he wouldn't be President without Covid disrupting the economy and causing social disorder.

The problem is you can't use economic stimulus to claw your way out of a supply chain disruption.  It simply doesn't work, and in fact, makes the problem worse.  They are using the policy tools of the prior recession in a completely unaware and reckless way to fight a problem that no longer even exists (risk of deflation). 

Why are all these smart people foolishly doing that, you ask?  Because in the short term, free money is politically popular. 

Unfortunately, now the bill is coming due.
I don’t think that you understand that US economic policies would not have stopped inflation from occurring. How are you going to control china/vietnam shutting down its ports? What about how much OPEC can drill? What can you do when shipping a container from Asia to US use to cost $1500 and is now $10,000? What about the lack of truck drivers? Outdated and inefficient ports in the US? Don’t tell me lack of truck drivers is because of stimulus as we were lacking them before the pandemic.

Point is, a lot of the issues that exist now is beyond the power of the US gov. No individual gov would have prevented this and the idea that you feel that way means you don’t quite understand the idea of globalization.

Having higher inflation during a recovery is normal, but what is occurring now is not normal.  I disagree that that government is helpless to do anything.  There are a whole host of incremental steps they could be taking to reduce the level of inflation from the highs we are seeing right now. 

If they were doing everything in their power to fight this and it was still occurring, then you would have a point, but there are still a variety of pro-inflationary policies in place as a misguided response to the covid pandemic.

Why is the Fed buying mortgage bonds at all if housing is going up by 20% per year?  That is the definition of insanity.
Why is Biden discouraging oil production domestically, while begging autocratic governments to release more oil?  Insanity.
Why is the government creating subsidies and incentives to discourage people from working during the worst worker shortage in memory?  More insanity.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on December 15, 2021, 10:11:32 AM
Trying to tax the energy industry is tantamount to the ridiculous and failed "Windfall Profits Tax"  of the Carter administration.  Also sold as a funding mechanism for the "Solar Bank"  All failed, added to costs and inflation and the fools are committed to making all the same mistakes...Reagan Revolution here we come...

Dems Crammed an Energy Tax into the Build Back Better Boondoggle

You best take a step back because House Democrats built a new energy tax into HR5376 and it is not going to make your life better. But it will make it more expensive.

HR5376, better-known as the not so better Build Back Better bill, is a dumpster fire of checkboxes for Progs. One of them is a methane fee. This tax on “emissions” will find its way into your energy and heating bills because inflation and rising energy prices haven’t been enough of a burden on your budget.

https://granitegrok.com/blog/2021/12/dems-crammed-an-energy-tax-into-the-build-back-better-boondoggle

The Biden administration’s budget proposals have several provisions focused on raising taxes on the U.S. fossil fuel industry.

These proposals largely depart from neutral tax policy and intentionally target the industry.

Internal Revenue Service data does not indicate any substantial tax preference for the fossil fuel industry, rather indicating the industry pays relatively high levels of tax.

Raising taxes on U.S. production and ownership of fossil fuel, both domestically and abroad, mainly disadvantages U.S. companies and workers in favor of foreign suppliers.

Taxing fossil fuel consumption, for example through user fees or more comprehensively through a carbon tax, would avoid the problem of creating preferences for foreign-owned fossil fuel.

https://taxfoundation.org/biden-fossil-fuel-tax/
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on December 15, 2021, 10:28:33 AM
Everybody keeps saying supply chain, but every port I check shows higher container shipments than 2019.

Likewise, Beef, Chicken etc isn’t a supply crunch, producers (aka Farmers) aren’t making more than back in 2018.  The prices are purely the result of vertical consolidation and pricing power of the meat packers.

If we really dig in, we will find the inflation isn’t really inflation from demand or even real supply constriction but pricing power and market barriers due to industry consolidation.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on December 15, 2021, 01:47:47 PM
Everybody keeps saying supply chain, but every port I check shows higher container shipments than 2019.

Likewise, Beef, Chicken etc isn’t a supply crunch, producers (aka Farmers) aren’t making more than back in 2018.  The prices are purely the result of vertical consolidation and pricing power of the meat packers.

If we really dig in, we will find the inflation isn’t really inflation from demand or even real supply constriction but pricing power and market barriers due to industry consolidation.
That’s my theory too. But no evidence to say that. I feel like certain manufactures are using inflation as an excuse to Jack up prices.

However, appliances specifically are having really long lead times for whatever reason. Builder has told me GE fridges are 6-7 month lead time and subzero and wolf are 11-12 months.
Title: it is now legal to eat certain road kills
Post by: akula1488 on January 04, 2022, 12:29:31 PM
California is leading the way to help alleviate meat price inflation, creatively.

You can now legally eat certain road kills in 2022.

https://ktla.com/news/local-news/new-california-laws-taking-effect-in-2022/

My guess bugs will be next.
Title: Re: it is now legal to eat certain road kills
Post by: Liar Loan on January 04, 2022, 12:36:52 PM
California is leading the way to help alleviate meat price inflation, creatively.

You can now legally eat certain road kills in 2022.

https://ktla.com/news/local-news/new-california-laws-taking-effect-in-2022/

My guess bugs will be next.

Finally, we are catching up with the South.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on January 05, 2022, 11:18:22 AM
If the fools are floating this idea then the circle is complete...


Could strategic price controls help fight inflation?
Isabella Weber
To prevent inflation after World War II, America’s leading economists recommended strategic price controls. Is there a case for doing so today, too?

https://www.theguardian.com/business/commentisfree/2021/dec/29/inflation-price-controls-time-we-use-it#_=_

Even the idiot Krugman knows the truth...

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