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
.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:23:49 PM
.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:24:35 PM
.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:25:10 PM
.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:26:13 PM
.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on October 16, 2021, 01:29:07 PM
.
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
.
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...

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on January 19, 2022, 09:07:53 AM
I'm enjoying this..you?  $5.00 gas here we come...."Thank you sir, may I have another?"...

Now brace for $4 gas: Spring travel, annual refinery maintenance and Bidenflation could make drivers feel 'real pain' at the pumps this year
A fuel price expert has warned that inflation, spring travel and routine annual maintenance could push prices above $4 a gallon from March
At present the nationwide average is $3.314 a gallon, according to the American Automobile Association
California currently has the highest-priced gas at $4.650, while Texas has the lowest at $2.942
Patrick De Haan, the head of petroleum at GasBuddy, said that prices were expected to rise and in Californian cities could be above $5 a gallon
Inflation is currently at levels not seen since the summer of 1982, at 7 percent - causing a headache for Joe Biden on the anniversary of his presidency
He said the prices will likely drop after the summer and fall below $3 a gallon by the 2022 holiday season

https://www.dailymail.co.uk/news/article-10417031/Now-brace-4-gas-Spring-travel-refinery-maintenance-Bidenflation-drivers-real-pain.html

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on January 19, 2022, 11:17:32 AM
Pile on top of that Rent and mortgages and you have quite a bonfire....

Worst US inflation since ’82 is huge underestimate
Government’s CPI says the cost of shelter rose 4% in the past year but home prices and rents are up nearly 20%

Shelter accounts for about a third of American household expenditure, and the cost of buying or renting shelter is up nearly 20% over the past year. Yet the Consumer Price Index (CPI) for shelter reported Jan. 12 by the US Bureau of Labor Statistics showed an increase of just 4.2 over the past year.

Private surveys conducted by the big rental sites, Zillow and Apartmentlist.com, show increases of 13% to 18% during 2021, and the Case-Shiller Index of US home prices jumped 18% in the year through October.

Part of the discrepancy involves a simple time lag. The US government looks at the present cost of housing while the private rental surveys register the cost of a new rental. It takes a while for leases to expire and new, higher-cost leases to take effect. Changes in the Apartmentlist.com rent index predict changes in the CPI shelter index with lags up to eight months. That explains at least part of the divergence of the CPI rent inflation number from the private rental surveys.

This time, the CPI rent inflation rate of 4.2% undershot the private rental data. As old leases expire and new leases are written, the CPI index for shelter should rise by 14 percentage points. Shelter makes up 32.3% of the Consumer Price Index, so 14 percentage points in the cost of shelter would add another 4.5 percentage points to the headline inflation number.

That's an additional 4.5 percentage points on top of the 7% annual rate of CPI inflation. In other words, accurate accounting for real-world shelter costs would put consumer inflation in the US around 10% a year. And double-digit inflation would cause a market meltdown.

The probability is that inflation will run closer to 10% than 5% for the first half of 2022, pushing the Fed to tighten more than investors now expect.

https://menafn.com/1103530469/Worst-US-inflation-since-82-is-huge-underestimate

Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on January 19, 2022, 11:24:58 AM
We are only .25 cents away. Five dollars looks better.

Kidding aside, I can see staycation. After all, going on airplane is a pain in the behinds.

You got drunken disorders, people refuse to follow rules, kids throwing up on you. And vacation is over.
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on January 19, 2022, 11:40:01 AM
If National Average is $3.40 going to $4.00, then California's average of $4.65 on average might hit $5.25 - Regular average... not Premium. Tesla Owners with Solar may be smiling at how open the roads are if gas gets that high.

A repeat post of this site - but a favorite when discussing inflation: https://www.bls.gov/data/inflation_calculator.htm  (https://www.bls.gov/data/inflation_calculator.htm).
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on January 19, 2022, 03:35:40 PM
If National Average is $3.40 going to $4.00, then California's average of $4.65 on average might hit $5.25 - Regular average... not Premium. Tesla Owners with Solar may be smiling at how open the roads are if gas gets that high.

A repeat post of this site - but a favorite when discussing inflation: https://www.bls.gov/data/inflation_calculator.htm  (https://www.bls.gov/data/inflation_calculator.htm).

Interesting link you provided.

So is everything more expensive? Or is it our dollars purchasing power drastically reduce?

Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on January 19, 2022, 04:08:22 PM
If National Average is $3.40 going to $4.00, then California's average of $4.65 on average might hit $5.25 - Regular average... not Premium. Tesla Owners with Solar may be smiling at how open the roads are if gas gets that high.

A repeat post of this site - but a favorite when discussing inflation: https://www.bls.gov/data/inflation_calculator.htm  (https://www.bls.gov/data/inflation_calculator.htm).

Interesting link you provided.

So is everything more expensive? Or is it our dollars purchasing power drastically reduce?

UK inflation rate soars to 30-year high as cost pressures continue


https://www.cnbc.com/amp/2022/01/19/uk-inflation-rate-soars-to-30-year-high-as-cost-pressures-continue.html
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on January 19, 2022, 04:10:13 PM
Vietnam, Indonesia 2022 Inflation Seen Accelerating Most in Asia

https://www.bloomberg.com/news/articles/2022-01-06/vietnam-s-2022-inflation-seen-jumping-by-most-in-asia-survey
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on January 19, 2022, 04:12:09 PM
They want my identity and job history and freaking web history.Hahhahaha (everybody else can be anonymous except me? The biggest joke and double standard)

Thats why people like me. I am the truth teller. They dont like it.
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on January 19, 2022, 06:57:11 PM
They want my identity and job history and freaking web history.Hahhahaha (everybody else can be anonymous except me? The biggest joke and double standard)

Thats why people like me. I am the truth teller. They dont like it.

You sounded a little paranoid.

Can you elaborate.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on January 20, 2022, 08:39:21 AM
If National Average is $3.40 going to $4.00, then California's average of $4.65 on average might hit $5.25 - Regular average... not Premium. Tesla Owners with Solar may be smiling at how open the roads are if gas gets that high.

A repeat post of this site - but a favorite when discussing inflation: https://www.bls.gov/data/inflation_calculator.htm  (https://www.bls.gov/data/inflation_calculator.htm).

Interesting link you provided.

So is everything more expensive? Or is it our dollars purchasing power drastically reduce?

UK inflation rate soars to 30-year high as cost pressures continue


https://www.cnbc.com/amp/2022/01/19/uk-inflation-rate-soars-to-30-year-high-as-cost-pressures-continue.html


Like us, quite a lot is self inflicted...

How Germany's greed for gas, and another grubby deal with Moscow, could plunge Europe into an abyss

Yet history teaches us that aggressors are emboldened when a blind eye is turned to the rights of weaker societies. It was exactly this kind of appeasement that nurtured and helped fuel Hitler's aggression.

While Putin's Russia may not be a new Nazi Germany, it is hard to miss today's alarming parallels with the recent past.

The West could inadvertently help ignite a new and devastating conflict should a ruthless Russian leader believe he can restore his country's imperial greatness without the risk of a wider war involving Ukraine's friends.

So in a troubling echo of the situation a century ago, Europe is once again being rocked by soaring inflation — and now haunted by the prospect of a new German-Russian axis.

Will the Nord Stream 2 pipeline be remembered as the Rapallo of this century — and precipitate the slide towards a new and all-too-terrible disaster?

https://www.dailymail.co.uk/debate/article-10420447/How-Germanys-greed-gas-grubby-deal-Moscow-plunge-Europe-abyss.html
Title: Rationing in DC?
Post by: akula1488 on January 22, 2022, 11:40:39 AM
Rationing in DC? They are now admitting we have empty shelves?
Government official Twitter account...
https://twitter.com/DC_HSEMA/status/1482418930715185155?t=59bYRCcTq0SvxhDSh8CMEQ&s=19
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on January 22, 2022, 03:27:22 PM
@Compressed-Village. Yes, the value of a dollar is less, and prices for some goods and services are higher. What good is a $15.00 minimum wage (20% higher) when the price of gasoline is 20% higher? It's a bigger problem if gasoline were to rise beyond 20% to 40% higher because $15 per hour isn't elastic enough to cover the difference.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on January 22, 2022, 04:23:09 PM
They want my identity and job history and freaking web history.Hahhahaha (everybody else can be anonymous except me? The biggest joke and double standard)

Thats why people like me. I am the truth teller. They dont like it.

You sounded a little paranoid.

Can you elaborate.

Do a talk irvine search (credentials, and a news site)
Also, apparently I cant suggest a story or idea to the news. (everybody but me in the US can do it) He ask for my favorite show and host on that network. [give me a break]

So when I suggest the news to cover Tennessee due to crime. Since they like to cover California News. (Numbers dont lie)

REPORT: Tennessee third worst state for violent crime

Tennessee’s violent crime rate of 673 incidents per 100,000 people is the highest of any state in the South and third highest nationwide, according to a report by 24/7 Wall St. using FBI data.

https://www.mainstreet-nashville.com/news/report-tennessee-third-worst-state-for-violent-crime/article_7028e402-2626-11ec-90d3-17835096f4d8.html
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on January 22, 2022, 06:19:19 PM
Hmmmm…coincidence?…I think not… ;D ;D >:D

Why California Is Moving to Tennessee

There is no denying that there is a huge migration of Californians moving to Tennessee. As a former Californian myself, I dig into what is causing this big move now?
As I moved here in 2015, Middle Tennesee and the Nashville area as a whole was already on the rise of popularity, and the economic projected growth was strong and active. As a place that was never on my “Places to Travel” list, it quickly became a place I could see myself living

https://www.janecampbell.com/2020/06/18/why-california-is-moving-to-tennessee/
Title: Re: INFLATION IS OUR FRIEND
Post by: akula1488 on January 22, 2022, 06:55:13 PM
Saw the night shot of Memphis downtown when watching the football game. Beautiful place. Maybe I should buy a vacation forever retirement home there.

Hmmmm…coincidence?…I think not… ;D ;D >:D

Why California Is Moving to Tennessee

There is no denying that there is a huge migration of Californians moving to Tennessee. As a former Californian myself, I dig into what is causing this big move now?
As I moved here in 2015, Middle Tennesee and the Nashville area as a whole was already on the rise of popularity, and the economic projected growth was strong and active. As a place that was never on my “Places to Travel” list, it quickly became a place I could see myself living

https://www.janecampbell.com/2020/06/18/why-california-is-moving-to-tennessee/
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on January 22, 2022, 07:39:50 PM
Grants available to make Tennessee courtrooms safer for crime victims

Tennessee counties have an opportunity to improve safety for crime victims when they appear in court against perpetrators.

According to a release from the state, the Officer of Criminal Justice Programs is working to help community leaders access grants to create or renovate courtroom spaces.

“Because so many courthouses throughout Tennessee still lack safe spaces, our most vulnerable victims, like children and domestic violence survivors, are in danger of being re-victimized by their abusers,” TNDAGC Executive Director Guy R. Jones said. “Every Tennessee courthouse needs a safe space and these grants can help make that happen.”

https://www.fox13memphis.com/news/local/grants-available-make-tennessee-courtrooms-safer-crime-victims/C3ZFDUUNPFGH3LROERN262MZZA/?outputType=amp

My comment: I thought courtrooms were safe in general. Shouldn’t the court and Police protect the victims of crime in Tennessee? sheeesh


Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on January 22, 2022, 07:45:30 PM
They want my identity and job history and freaking web history.Hahhahaha (everybody else can be anonymous except me? The biggest joke and double standard)

Thats why people like me. I am the truth teller. They dont like it.

You sounded a little paranoid.

Can you elaborate.

Do a talk irvine search (credentials, and a news site)
Also, apparently I cant suggest a story or idea to the news. (everybody but me in the US can do it) He ask for my favorite show and host on that network. [give me a break]

So when I suggest the news to cover Tennessee due to crime. Since they like to cover California News. (Numbers dont lie)

REPORT: Tennessee third worst state for violent crime

Tennessee’s violent crime rate of 673 incidents per 100,000 people is the highest of any state in the South and third highest nationwide, according to a report by 24/7 Wall St. using FBI data.

https://www.mainstreet-nashville.com/news/report-tennessee-third-worst-state-for-violent-crime/article_7028e402-2626-11ec-90d3-17835096f4d8.html

So the funny thing about it. He gave a fake financial license on talk irvine. Trying to get my identity and credentials in return. Nice try

Its okay. Any other forum this type of action will not be tolerated.

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on January 22, 2022, 07:53:58 PM
Even our own Governor admits the truth….

Gavin Newsom says California looks like a Third World country

Democratic Gov. Gavin Newsom of California has noticed that the state he runs looks like a “Third World country.” If only he were in a position to do anything about it.

https://www.washingtonexaminer.com/opinion/gavin-newsom-says-california-looks-like-a-third-world-country?_amp=true
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on January 27, 2022, 09:38:59 AM
...and  current fumbling of this issue has come back to bite us...Brandon had to reverse it and create the mess the free world finds itself in... what about those foreign policy chops, unification calmness and respect?...Can I say "I told you so" yet?

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: morekaos on February 08, 2022, 12:30:53 PM
"Everything is proceeding as I have forseen".  Try on these "simulations" ;D ;D >:D

Study finds Biden’s climate policies added $1,000 to Americans’ energy bills in 2021

The impact was most felt on families when it came to the cost of heating their homes. Last year, the price of home heating oil soared 43%, while natural gas prices skyrocketed by 61%.

Electricity, home heating oil and natural gas are the primary energy and heating sources in 93% of the nation’s homes, according to the U.S. Energy Information Association.

Overall, soaring energy prices cost American taxpayers roughly more than $1,000 in 2021. Higher home heating costs made up most of the jump with households relying on natural gas forced to shell out an extra $300, while those using home heating oil paid more than $1,000.

Cumulatively, taxpayers also paid roughly $70 more for higher electricity costs and an extra $600 because of rising gasoline prices.

https://www.washingtontimes.com/news/2022/feb/8/study-finds-bidens-climate-policies-added-1000-ame/

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 08, 2022, 12:36:23 PM
That's gonna feel great!!

Bank of America now expects 7 rate hikes this year. Here's what its chief stock strategist says to buy in preparation.

The bank's latest forecast is for seven rate hikes this year as the Fed aims to quell scorching inflation. The Fed's signal for an aggressive pace of rate hikes and quick drawdown of its balance sheet has rattled equities so far in 2021, with the S&P 500 down 6% year-to-date.

https://www.msn.com/en-us/money/markets/bank-of-america-now-expects-7-rate-hikes-this-year-heres-what-its-chief-stock-strategist-says-to-buy-in-preparation/ar-AATzksa?ocid=uxbndlbing

Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on February 08, 2022, 12:41:38 PM
Guess what? Its all over the place. Food prices has gone up in Asia and Europe.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 08, 2022, 12:46:15 PM
Guess what? Its all over the place. Food prices has gone up in Asia and Europe.

Also driven by energy and wage increases.  Our bad.

LA’s Minimum Wage Increases To More Than $16 An Hour In July

https://laist.com/news/las-minimum-wage-will-increase-to-over-16-an-hour-in-july

Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on February 08, 2022, 01:11:07 PM
LA is not the US. Wage increases all over the US even in Tennessee.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on February 08, 2022, 02:09:19 PM
I was rolling reading Next Door with all my 1% neighbors complaining about high nat gas bills from PG&E. Put on a sweater - it's not like we're living in the NE here! YoY my Jan gas bill was up ~30%, others said theirs doubled or tripled.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on February 08, 2022, 03:59:35 PM
I was rolling reading Next Door with all my 1% neighbors complaining about high nat gas bills from PG&E. Put on a sweater - it's not like we're living in the NE here! YoY my Jan gas bill was up ~30%, others said theirs doubled or tripled.


Maybe because of the recent tech stock drop.  ;)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 09, 2022, 09:33:17 AM
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.

This is so cool...yesterday as I drove by in OC...
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on February 09, 2022, 09:37:42 AM
Very true. I'm seeing more "5" handle gas station prices in my area than ever before.

For the Fed Watchers regarding the direction of rates....

Our present inflation scare first began raging with the March 2021 CPI, primarily because the Fed data is a 12 month average. March 2020 was a turning point for economics because of the pandemic's impact on the US economy. In simple terms - March 2020 was a zero due to the shutdown. Feb and March 2021 were 10's because of the reopening of the economy, giving the appearance of a 3-4 percent inflation rate.

We're approaching a full 12 months of what are statistically (and, yes, in real terms) higher prices. The Feds average is going to be 2021 vs 2022, a "smoother" statistic than comparing 2020 economics to 2021. Example: Feb 2021 being a 10, Feb 2022 being a 10 so we won't see a giant rise in inflation reporting....

Yes, I fully expect the Fed to raise the rates they control soon. I'd also not be surprised to read lots of "inflation isn't as bad" reporting by the MSM once we get February, March, and April 2022 CPI data. Don't be fooled though. Inflation IS bad statistically and in real terms. Most of our present inflation issues IMHO are caused by scarcity (replacement production of goods wasn't up to speed in 2020 and 2021) and the flow through of high wages down to final production.

We will see who is right in the February, March, and April CPI and PPI releases.

My .0002c adjusted for inflation.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 09, 2022, 09:48:58 AM
I'm Shocked!  Shocked that there is inflation going on here!!...Brandon told us it was only "transitory"...

New Yorkers and lawmakers howl over utility hikes; Con Ed says they’re not to blame


City and state lawmakers are amped up over a sudden rate spike that many New Yorkers are now seeing on their Con Ed energy bills — charges that could make it impossible for some to afford rent and their utilities.

Brandy Bora, a corporate executive who rents a loft in Greenpoint, said her family’s Con Ed bill shot up from $300 in December to $850 last month — an increase, which, if sustained, will mean they’ll eventually be forced to move.

“I don’t even know what to do,” Bora, who lives with her husband and their 6-year-old daughter, told the Daily News on Tuesday. “I literally can’t pay that.”

Both Democratic lawmakers are so distressed with the calls they’ve been getting from residents that they demanded on Tuesday that the state’s Public Service Commission direct the Department of Public Service to investigate the sudden and precipitous rate hikes.

“The extreme overnight increases in our constituents’ energy bills are simply outrageous,” Restler said. “It’s the commission’s job to protect New Yorkers when utility companies try to pass on fluctuations in the marketplace onto consumers, and we urgently need the PSC to intervene.”

https://www.nydailynews.com/news/politics/new-york-elections-government/ny-lawmakers-con-edison-utility-bills-price-hike-20220209-uv7d734ag5frnlpkpwrqjhbkgu-story.html

Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on February 09, 2022, 09:51:56 AM
Very true. I'm seeing more "5" handle gas station prices in my area than ever before.

For the Fed Watchers regarding the direction of rates....

Our present inflation scare first began raging with the March 2021 CPI, primarily because the Fed data is a 12 month average. March 2020 was a turning point for economics because of the pandemic's impact on the US economy. In simple terms - March 2020 was a zero. Feb and March 2021 were 10's because of the reopening of the economy, giving the appearance of a 3-4 percent inflation rate.

We're approaching a full 12 months of what are statistically (and, yes, in real terms) higher prices. The Feds average is going to be 2021 vs 2022, a "smoother" statistic than comparing 2020 economics to 2021. Example: Feb 2021 being a 10, Feb 2022 being a 10 so we won't see a giant rise in inflation reporting....

Yes, I fully expect the Fed to raise the rates they control soon. I'd also not be surprised to read lots of "inflation isn't as bad" reporting by the MSM once we get February, March, and April 2022 CPI data. Don't be fooled though. Inflation IS bad statistically and in real terms. Most of our present inflation issues IMHO are caused by scarcity (replacement production of goods wasn't up to speed in 2020 and 2021) and the flow through of high wages down to final production.

We will see who is right in the February, March, and April CPI and PPI releases.

My .0002c adjusted for inflation.

BUT...... when we do get stuff back in stock are prices going to drop? I'm thinking no, not without a recession. Companies will be happy to have figured out if they limit supply they can keep prices higher.
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on February 09, 2022, 09:56:28 AM
A greater supply of goods can have a lowering of prices. Gasoline for example has had about $1.0 worth of swing based on supply and demand.

As for basic consumer goods, no, higher prices are here to stay given a $15-$16-$??? minimum and generally higher wages across the employment spectrum.

We'll see.....
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 09, 2022, 09:56:56 AM
Here is a classic, real world lesson in supply/demand. Watch things reverse quickly (inflation)

Nobody goes there anymore, it's too crowded
February 08, 2022 Chris Fountain

Skiers are complaining about the massive crowds and mismanagement at Vail Resorts in Colorado after the major skiing company slashed season ticket prices and sold a record 2.1 million passes this season  - 76 percent more than in the 2019-2020 season.

Vail Resorts dropped prices by 20 percent for its multi-resort season pass, the Epic Pass, from $999 to $819. The company also changed the price for its smaller circuit season pass, Epic Local Pass, from $749 to $619, in March 2021 for the current 2021/2022 season.

The mountain resort company has a portfolio of 40 resorts worldwide and sold a record 2.1 million passes this season after the drastic dip in prices.

Vail Resorts is now the largest ski area operator in the United States with properties in Colorado, California, Pennsylvania, New York, Vermont and beyond. The passes, which are no longer for sale, give snow-lovers access to dozens of resorts across the U.S.

The increased sales brought the company a 76 percent jump from the 2019–20 pass sales and raised earnings 30 percent from fiscal year 2020 to fiscal year 2021.

But it was apparent in recent photos posted to social media, where skiers noted a very stark contrast between crowds and lines in past seasons versus this year, that the company isn't able to keep up with the record number of people now that passes are more financially accessible, among other factors.

https://www.christopherfountain.com/blog/2022/2/8/nobody-goes-there-anymore-its-too-crowded
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on February 09, 2022, 10:17:55 AM
A greater supply of goods can have a lowering of prices. Gasoline for example has had about $1.0 worth of swing based on supply and demand.

As for basic consumer goods, no, higher prices are here to stay given a $15-$16-$??? minimum and generally higher wages across the employment spectrum.

We'll see.....

1. Companies that are not required to pay a certain minimum wage requirement are paying high.
2. In addition, not that many people are talking about is people are sharing how much they make on social media the analysts said that did not happen before. (no offense to people not looking what the rate you should be making, then you are leaving money on the table or sleeping or maybe just dont care)
Title: Re: INFLATION IS OUR FRIEND
Post by: zovall on February 09, 2022, 10:24:17 AM
Skiing has always been an expensive activity but the increases over the past few years are crazy. Yet, there is so much demand because there is just so much money out there. There are some resorts (very few it seems) that limit the number of skiers on the mountain. We are going next week (not to Vail) - fingers crossed
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 09, 2022, 10:46:25 AM
There's panic in the stands...finding Religion,(figuring out the virtues of tax cuts) ...the last refuge of a scoundrel. ;D ;D >:D

Democrats propose federal gas tax holiday ahead of midterm elections
Democrats up for reelection look to address voters' concerns ahead of midterms.

Two Senate Democrats up for reelection proposed a bill on Wednesday to temporarily suspend the federal gas tax through the end of 2022, as millions of Americans grapple with the economic impacts of surging oil prices.

The Gas Prices Relief Act from Sens. Maggie Hassan, D-N.H., and Mark Kelly, D-Ariz., would suspend the $18.4 cents per gallon federal gas tax through Jan. 1, 2023, according to a summary of the proposal shared with ABC News.

https://abcnews.go.com/Politics/democrats-propose-federal-gas-tax-holiday-ahead-midterm/story?id=82756082

Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on February 09, 2022, 11:30:58 AM
Here is a classic, real world lesson in supply/demand. Watch things reverse quickly (inflation)

Nobody goes there anymore, it's too crowded
February 08, 2022 Chris Fountain

Skiers are complaining about the massive crowds and mismanagement at Vail Resorts in Colorado after the major skiing company slashed season ticket prices and sold a record 2.1 million passes this season  - 76 percent more than in the 2019-2020 season.

Vail Resorts dropped prices by 20 percent for its multi-resort season pass, the Epic Pass, from $999 to $819. The company also changed the price for its smaller circuit season pass, Epic Local Pass, from $749 to $619, in March 2021 for the current 2021/2022 season.

The mountain resort company has a portfolio of 40 resorts worldwide and sold a record 2.1 million passes this season after the drastic dip in prices.

Vail Resorts is now the largest ski area operator in the United States with properties in Colorado, California, Pennsylvania, New York, Vermont and beyond. The passes, which are no longer for sale, give snow-lovers access to dozens of resorts across the U.S.

The increased sales brought the company a 76 percent jump from the 2019–20 pass sales and raised earnings 30 percent from fiscal year 2020 to fiscal year 2021.

But it was apparent in recent photos posted to social media, where skiers noted a very stark contrast between crowds and lines in past seasons versus this year, that the company isn't able to keep up with the record number of people now that passes are more financially accessible, among other factors.

https://www.christopherfountain.com/blog/2022/2/8/nobody-goes-there-anymore-its-too-crowded


This story reminds me of the Huntington Library.
Tickets are $25, but every first THURSDAY of the month it's free.
You have to reserve those free tickets in advance.

Well on those Thursdays it's crowded to hell
I would rather pay $25 and go there with less people.

Title: Skiing company not an inflation problem for the skii resort
Post by: eyephone on February 09, 2022, 01:26:50 PM
Skiing has always been an expensive activity but the increases over the past few years are crazy. Yet, there is so much demand because there is just so much money out there. There are some resorts (very few it seems) that limit the number of skiers on the mountain. We are going next week (not to Vail) - fingers crossed

Outside online article: Vail Resorts Sold a Record Number of Passes. Now Their Ski Areas Are Facing a Logistical Nightmare.
Employees fear the corporate behemoth bit off more than it could chew, while pass holders cry foul about overcrowding and reduced hours

Eleven months after announcing its record sales, Vail is mired in a seemingly endless barrage of complaints, social media vitriol, and negative news stories.

https://www.outsideonline.com/outdoor-adventure/snow-sports/vail-resorts-record-ski-passes-overcrowding/

There is too much to post regarding this topic. If your interested in the alleged complaints by employees and guests click the link.

I am just reacting to the headline and a paragraph highlighted in bold in the article. They made a big price cut. (What did the expect? Less people to show up) To me does not sound like an inflation problem. Maybe more of a pricing, scheduling, operational , guest forecasting, overcrowding issue.


Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 09, 2022, 01:37:07 PM
Skiing has always been an expensive activity but the increases over the past few years are crazy. Yet, there is so much demand because there is just so much money out there. There are some resorts (very few it seems) that limit the number of skiers on the mountain. We are going next week (not to Vail) - fingers crossed

Outside online article: Vail Resorts Sold a Record Number of Passes. Now Their Ski Areas Are Facing a Logistical Nightmare.
Employees fear the corporate behemoth bit off more than it could chew, while pass holders cry foul about overcrowding and reduced hours

Eleven months after announcing its record sales, Vail is mired in a seemingly endless barrage of complaints, social media vitriol, and negative news stories.

https://www.outsideonline.com/outdoor-adventure/snow-sports/vail-resorts-record-ski-passes-overcrowding/

There is too much to post regarding this topic. If your interested in the alleged complaints by employees and guests click the link.

I am just reacting to the headline and a paragraph highlighted in bold in the article. To me does not sound like an inflation problem. Maybe more of a pricing, scheduling, operational , guest forecasting company issue.




I did not post this to get into the labor issues.  Simple model to see that lowering prices increases demand (for anything).  In this case demand rose a bit too much.  Prices will rise to choke off demand and bring the crowds into balance.  Same can be said for bigger more complex systems where inflation and interest rates will have a similar balancing affect....Rates are going up and probably more that people suspect.  Said that more than a year ago when inflation started and was erroneously or stupidly called "transient".
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on February 09, 2022, 02:55:06 PM
A greater supply of goods can have a lowering of prices. Gasoline for example has had about $1.0 worth of swing based on supply and demand.

As for basic consumer goods, no, higher prices are here to stay given a $15-$16-$??? minimum and generally higher wages across the employment spectrum.

We'll see.....
I honestly don't know how anyone can live on $15-$16/hr as a full time job in most places in CA. Maybe some teenage kid at Handels doing a part time job.  Getting paid min + tips is different story though.
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on February 09, 2022, 04:16:34 PM
Very true. I'm seeing more "5" handle gas station prices in my area than ever before.

For the Fed Watchers regarding the direction of rates....

Our present inflation scare first began raging with the March 2021 CPI, primarily because the Fed data is a 12 month average. March 2020 was a turning point for economics because of the pandemic's impact on the US economy. In simple terms - March 2020 was a zero. Feb and March 2021 were 10's because of the reopening of the economy, giving the appearance of a 3-4 percent inflation rate.

We're approaching a full 12 months of what are statistically (and, yes, in real terms) higher prices. The Feds average is going to be 2021 vs 2022, a "smoother" statistic than comparing 2020 economics to 2021. Example: Feb 2021 being a 10, Feb 2022 being a 10 so we won't see a giant rise in inflation reporting....

Yes, I fully expect the Fed to raise the rates they control soon. I'd also not be surprised to read lots of "inflation isn't as bad" reporting by the MSM once we get February, March, and April 2022 CPI data. Don't be fooled though. Inflation IS bad statistically and in real terms. Most of our present inflation issues IMHO are caused by scarcity (replacement production of goods wasn't up to speed in 2020 and 2021) and the flow through of high wages down to final production.

We will see who is right in the February, March, and April CPI and PPI releases.

My .0002c adjusted for inflation.

BUT...... when we do get stuff back in stock are prices going to drop? I'm thinking no, not without a recession. Companies will be happy to have figured out if they limit supply they can keep prices higher.

Actually... that's what I worry about.

People still buy, even at higher prices (sounds like Irvine real estate), so why would they lower prices?
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on February 09, 2022, 04:48:21 PM
High inflation and high Fed rates may lead to recessions.
Recessions lead to unemployment.
Unemployment should mean more distress sales/foreclosures/short sales

We live however in a "no-consequence" world where you cannot be foreclosed upon, and "why make a payment when the government will?" morality has run amok. That's an unrealistic and unsustainable economic viewpoint. At some point in time during a recession, more homes at a lower price will come to market.

The never ending buyer cash that lead to high prices in the 2000's were due to "liar loans". The 2008-2010 housing recovery came from hedgies and foreign cash buying bulk. The 2020 foreclosure epidemic was prevented by forbearance measures and taxpayer bailouts of landlords / small businesses. We printed and deferred our way out the 2020 crash. We would be in a much different place if these deferrals weren't in place.

These same measures may be deployed to keep housing prices high, but they cannot be guaranteed to arrive in time or to work. If none of these measures reoccur, housing prices will fall until we see a balance between seller inventory and buyer acceptance of current prices.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on February 09, 2022, 05:16:06 PM
High inflation and high Fed rates may lead to recessions.
Recessions lead to unemployment.
Unemployment should mean more distress sales/foreclosures/short sales

We live however in a "no-consequence" world where you cannot be foreclosed upon, and "why make a payment when the government will?" morality has run amok. That's an unrealistic and unsustainable economic viewpoint. At some point in time during a recession, more homes at a lower price will come to market.

The never ending buyer cash that lead to high prices in the 2000's were due to "liar loans". The 2008-2010 housing recovery came from hedgies and foreign cash buying bulk. The 2020 foreclosure epidemic was prevented by forbearance measures and taxpayer bailouts of landlords / small businesses. We printed and deferred our way out the 2020 crash. We would be in a much different place if these deferrals weren't in place.

These same measures may be deployed to keep housing prices high, but they cannot be guaranteed to arrive in time or to work. If none of these measures reoccur, housing prices will fall until we see a balance between seller inventory and buyer acceptance of current prices.


I would welcome a more balances market.  This hot seller's market makes even bad realtors look good.  Good agents shine in a balanced. 
Title: Re: INFLATION IS OUR FRIEND
Post by: BlackKnight on February 09, 2022, 05:23:52 PM
High inflation and high Fed rates may lead to recessions.
Recessions lead to unemployment.
Unemployment should mean more distress sales/foreclosures/short sales

We live however in a "no-consequence" world where you cannot be foreclosed upon, and "why make a payment when the government will?" morality has run amok. That's an unrealistic and unsustainable economic viewpoint. At some point in time during a recession, more homes at a lower price will come to market.

The never ending buyer cash that lead to high prices in the 2000's were due to "liar loans". The 2008-2010 housing recovery came from hedgies and foreign cash buying bulk. The 2020 foreclosure epidemic was prevented by forbearance measures and taxpayer bailouts of landlords / small businesses. We printed and deferred our way out the 2020 crash. We would be in a much different place if these deferrals weren't in place.

These same measures may be deployed to keep housing prices high, but they cannot be guaranteed to arrive in time or to work. If none of these measures reoccur, housing prices will fall until we see a balance between seller inventory and buyer acceptance of current prices.


I would welcome a more balances market.  This hot seller's market makes even bad realtors look good.  Good agents shine in a balanced.

Come on Martin. You know you want the market to be seller market so brokers can maximize their pockets.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on February 09, 2022, 05:26:38 PM
High inflation and high Fed rates may lead to recessions.
Recessions lead to unemployment.
Unemployment should mean more distress sales/foreclosures/short sales

We live however in a "no-consequence" world where you cannot be foreclosed upon, and "why make a payment when the government will?" morality has run amok. That's an unrealistic and unsustainable economic viewpoint. At some point in time during a recession, more homes at a lower price will come to market.

The never ending buyer cash that lead to high prices in the 2000's were due to "liar loans". The 2008-2010 housing recovery came from hedgies and foreign cash buying bulk. The 2020 foreclosure epidemic was prevented by forbearance measures and taxpayer bailouts of landlords / small businesses. We printed and deferred our way out the 2020 crash. We would be in a much different place if these deferrals weren't in place.

These same measures may be deployed to keep housing prices high, but they cannot be guaranteed to arrive in time or to work. If none of these measures reoccur, housing prices will fall until we see a balance between seller inventory and buyer acceptance of current prices.


I would welcome a more balances market.  This hot seller's market makes even bad realtors look good.  Good agents shine in a balanced.

Come on Martin. You know you want the market to be seller market so brokers can maximize their pockets.

No, I prefer a balanced market where I can still shine on the listing side and negotiate to get better deals for my buyers.  Before Covid and the craziness started, most of my listings were selling quickly with multiple offers and setting model match closed comp records and my average days to escrow was below 20 days which almost no agent could touch.  Today, 99% of homes are flying into escrow within days so yeah today a monkey can list a home and look like a superstar.  One thing that I'm most proud of is that I was able to get over 20 resale buyers homes in 2021 despite the insane bidding wars.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on February 09, 2022, 06:46:20 PM
High inflation and high Fed rates may lead to recessions.
Recessions lead to unemployment.
Unemployment should mean more distress sales/foreclosures/short sales

We live however in a "no-consequence" world where you cannot be foreclosed upon, and "why make a payment when the government will?" morality has run amok. That's an unrealistic and unsustainable economic viewpoint. At some point in time during a recession, more homes at a lower price will come to market.

The never ending buyer cash that lead to high prices in the 2000's were due to "liar loans". The 2008-2010 housing recovery came from hedgies and foreign cash buying bulk. The 2020 foreclosure epidemic was prevented by forbearance measures and taxpayer bailouts of landlords / small businesses. We printed and deferred our way out the 2020 crash. We would be in a much different place if these deferrals weren't in place.

These same measures may be deployed to keep housing prices high, but they cannot be guaranteed to arrive in time or to work. If none of these measures reoccur, housing prices will fall until we see a balance between seller inventory and buyer acceptance of current prices.
even if our economy/markets crash, government like you said will put some forbearance. government for some reason feels owning a property is a "right".
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on February 09, 2022, 07:56:34 PM
High inflation and high Fed rates may lead to recessions.
Recessions lead to unemployment.
Unemployment should mean more distress sales/foreclosures/short sales

We live however in a "no-consequence" world where you cannot be foreclosed upon, and "why make a payment when the government will?" morality has run amok. That's an unrealistic and unsustainable economic viewpoint. At some point in time during a recession, more homes at a lower price will come to market.

The never ending buyer cash that lead to high prices in the 2000's were due to "liar loans". The 2008-2010 housing recovery came from hedgies and foreign cash buying bulk. The 2020 foreclosure epidemic was prevented by forbearance measures and taxpayer bailouts of landlords / small businesses. We printed and deferred our way out the 2020 crash. We would be in a much different place if these deferrals weren't in place.

These same measures may be deployed to keep housing prices high, but they cannot be guaranteed to arrive in time or to work. If none of these measures reoccur, housing prices will fall until we see a balance between seller inventory and buyer acceptance of current prices.
even if our economy/markets crash, government like you said will put some forbearance. government for some reason feels owning a property is a "right".

At some point, there is going to be hell to pay over all this free money. I'm on this fence...... one more hurrah in stocks and then a decade or two of misery.
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on February 09, 2022, 09:17:30 PM
High inflation and high Fed rates may lead to recessions.
Recessions lead to unemployment.
Unemployment should mean more distress sales/foreclosures/short sales

We live however in a "no-consequence" world where you cannot be foreclosed upon, and "why make a payment when the government will?" morality has run amok. That's an unrealistic and unsustainable economic viewpoint. At some point in time during a recession, more homes at a lower price will come to market.

The never ending buyer cash that lead to high prices in the 2000's were due to "liar loans". The 2008-2010 housing recovery came from hedgies and foreign cash buying bulk. The 2020 foreclosure epidemic was prevented by forbearance measures and taxpayer bailouts of landlords / small businesses. We printed and deferred our way out the 2020 crash. We would be in a much different place if these deferrals weren't in place.

These same measures may be deployed to keep housing prices high, but they cannot be guaranteed to arrive in time or to work. If none of these measures reoccur, housing prices will fall until we see a balance between seller inventory and buyer acceptance of current prices.

There are a lot more cans to kick, but the road now turn to river. No more roads soon ahead.

What will they do? What other scheme will they come up with? I guess if there is a will, there is a way. Suffering will be prolong, for much more people.
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on February 09, 2022, 09:51:38 PM
High inflation and high Fed rates may lead to recessions.
Recessions lead to unemployment.
Unemployment should mean more distress sales/foreclosures/short sales

We live however in a "no-consequence" world where you cannot be foreclosed upon, and "why make a payment when the government will?" morality has run amok. That's an unrealistic and unsustainable economic viewpoint. At some point in time during a recession, more homes at a lower price will come to market.

The never ending buyer cash that lead to high prices in the 2000's were due to "liar loans". The 2008-2010 housing recovery came from hedgies and foreign cash buying bulk. The 2020 foreclosure epidemic was prevented by forbearance measures and taxpayer bailouts of landlords / small businesses. We printed and deferred our way out the 2020 crash. We would be in a much different place if these deferrals weren't in place.

These same measures may be deployed to keep housing prices high, but they cannot be guaranteed to arrive in time or to work. If none of these measures reoccur, housing prices will fall until we see a balance between seller inventory and buyer acceptance of current prices.
even if our economy/markets crash, government like you said will put some forbearance. government for some reason feels owning a property is a "right".

At some point, there is going to be hell to pay over all this free money. I'm on this fence...... one more hurrah in stocks and then a decade or two of misery.

One more, just one more, sound like an addiction to me. :)

When the QE started, it was temporary. Now it seem like we cant get off of it. Addicted to poison.
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on February 09, 2022, 10:34:41 PM
High inflation and high Fed rates may lead to recessions.
Recessions lead to unemployment.
Unemployment should mean more distress sales/foreclosures/short sales

We live however in a "no-consequence" world where you cannot be foreclosed upon, and "why make a payment when the government will?" morality has run amok. That's an unrealistic and unsustainable economic viewpoint. At some point in time during a recession, more homes at a lower price will come to market.

The never ending buyer cash that lead to high prices in the 2000's were due to "liar loans". The 2008-2010 housing recovery came from hedgies and foreign cash buying bulk. The 2020 foreclosure epidemic was prevented by forbearance measures and taxpayer bailouts of landlords / small businesses. We printed and deferred our way out the 2020 crash. We would be in a much different place if these deferrals weren't in place.

These same measures may be deployed to keep housing prices high, but they cannot be guaranteed to arrive in time or to work. If none of these measures reoccur, housing prices will fall until we see a balance between seller inventory and buyer acceptance of current prices.
even if our economy/markets crash, government like you said will put some forbearance. government for some reason feels owning a property is a "right".

At some point, there is going to be hell to pay over all this free money. I'm on this fence...... one more hurrah in stocks and then a decade or two of misery.

One more, just one more, sound like an addiction to me. :)

When the QE started, it was temporary. Now it seem like we cant get off of it. Addicted to poison.

IMO, the fed took money from poor people and gave it to rich people. Every time the government does something to reduce the large difference between upper and lower financial/social class it benefits the upper class and the bottom gets farther and farther behind, more and more dependent on government handouts to just survive. Lets give the poor rental assistance and it flows right into the landlords hands. Lets keep rates low so the poor can buy a house and they get beat out by the rich who end up their landlords. Lets raise min. wage and they only fall farther behind with less buying power.

Debt, debt, debt. Rising rates going to make it worse for the feds and eventually something has to give and it's going to hurt.
Title: They could of improve guest experience through simple basic forecasting
Post by: eyephone on February 09, 2022, 11:14:12 PM
They could of improve guest experience through simple basic forecasting.

Attendance forecast: expected attendance at the resort
Labor demand planning: help plan labor effectively



Skiing has always been an expensive activity but the increases over the past few years are crazy. Yet, there is so much demand because there is just so much money out there. There are some resorts (very few it seems) that limit the number of skiers on the mountain. We are going next week (not to Vail) - fingers crossed

Outside online article: Vail Resorts Sold a Record Number of Passes. Now Their Ski Areas Are Facing a Logistical Nightmare.
Employees fear the corporate behemoth bit off more than it could chew, while pass holders cry foul about overcrowding and reduced hours

Eleven months after announcing its record sales, Vail is mired in a seemingly endless barrage of complaints, social media vitriol, and negative news stories.

https://www.outsideonline.com/outdoor-adventure/snow-sports/vail-resorts-record-ski-passes-overcrowding/

There is too much to post regarding this topic. If your interested in the alleged complaints by employees and guests click the link.

I am just reacting to the headline and a paragraph highlighted in bold in the article. To me does not sound like an inflation problem. Maybe more of a pricing, scheduling, operational , guest forecasting company issue.




I did not post this to get into the labor issues.  Simple model to see that lowering prices increases demand (for anything).  In this case demand rose a bit too much.  Prices will rise to choke off demand and bring the crowds into balance.  Same can be said for bigger more complex systems where inflation and interest rates will have a similar balancing affect....Rates are going up and probably more that people suspect.  Said that more than a year ago when inflation started and was erroneously or stupidly called "transient".
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on February 10, 2022, 07:59:55 AM
@Compressed-Village

You can't take money from the poor and give it to the rich. That's why they are poor - they have no money.

You can print a bajjillion of new money, then put it into investments that the poor cannot access - like low rates for 🏠 Ng with tight guidelines, or 401k benefits most low income employers don't offer, forgiveable PPP loans for businesses, etc.

Yes, this is a generalization, but in reality our ever weaker dollar, ravaged by inflation, makes everyone poor.

My .0002 c
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 10, 2022, 08:20:04 AM
ECONOMY
Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982

The consumer price index for all items rose 0.6% in January, driving up annual inflation by 7.5%.
That marked the biggest gain since February 1982 and was even higher than the Wall Street estimate.
Core inflation rose 6%, which also was a notch above expectations.
Real earnings for workers increased just 0.1% on the month when accounting for inflation.
Weekly jobless claims declined to 223,000, below the 230,000 estimate.

https://www.cnbc.com/2022/02/10/january-2022-cpi-inflation-rises-7point5percent-over-the-past-year-even-more-than-expected.html

This speech is coming....Malaise.


Title: Re: They could of improve guest experience through simple basic forecasting
Post by: eyephone on February 10, 2022, 09:14:36 AM
crickets

They could of improve guest experience through simple basic forecasting.

Attendance forecast: expected attendance at the resort
Labor demand planning: help plan labor effectively



Skiing has always been an expensive activity but the increases over the past few years are crazy. Yet, there is so much demand because there is just so much money out there. There are some resorts (very few it seems) that limit the number of skiers on the mountain. We are going next week (not to Vail) - fingers crossed

Outside online article: Vail Resorts Sold a Record Number of Passes. Now Their Ski Areas Are Facing a Logistical Nightmare.
Employees fear the corporate behemoth bit off more than it could chew, while pass holders cry foul about overcrowding and reduced hours

Eleven months after announcing its record sales, Vail is mired in a seemingly endless barrage of complaints, social media vitriol, and negative news stories.

https://www.outsideonline.com/outdoor-adventure/snow-sports/vail-resorts-record-ski-passes-overcrowding/

There is too much to post regarding this topic. If your interested in the alleged complaints by employees and guests click the link.

I am just reacting to the headline and a paragraph highlighted in bold in the article. To me does not sound like an inflation problem. Maybe more of a pricing, scheduling, operational , guest forecasting company issue.




I did not post this to get into the labor issues.  Simple model to see that lowering prices increases demand (for anything).  In this case demand rose a bit too much.  Prices will rise to choke off demand and bring the crowds into balance.  Same can be said for bigger more complex systems where inflation and interest rates will have a similar balancing affect....Rates are going up and probably more that people suspect.  Said that more than a year ago when inflation started and was erroneously or stupidly called "transient".
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 10, 2022, 09:35:11 AM
...or they will raise prices and the problem will solve itself.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on February 10, 2022, 09:40:01 AM
...or they will raise prices and the problem will solve itself.
I hope you know you can only raise prices so much....
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on February 10, 2022, 09:52:56 AM
In business you will come across people who complain, but do not have the knowledge to problem solve or recommend a solution.

Also, maybe they should of done dynamic pricing.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 10, 2022, 09:56:46 AM
...or they will raise prices and the problem will solve itself.
I hope you know you can only raise prices so much....

Lots of room.  Mammoth was at over $220.00 a day for lift tickets before the pandemic.  Business finds that sweet spot where price and demand meet.  Vail will too.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on February 10, 2022, 10:02:46 AM
...or they will raise prices and the problem will solve itself.
I hope you know you can only raise prices so much....

Dynamic pricing would work. But not the unlimited pass pricing.
I was going to suggest that they could make more money on food and drinks. But one of the season pass gives a 20% discount on food. (smh)

I never been there, but I am not sure if they charge for parking or valet services. hehe

Parking and food should be easy money revenue.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on February 10, 2022, 10:10:06 AM
...or they will raise prices and the problem will solve itself.
I hope you know you can only raise prices so much....

Lots of room.  Mammoth was at over $220.00 a day for lift tickets before the pandemic.  Business finds that sweet spot where price and demand meet.  Vail will too.
Mammoth tickets is a bad example. Inflation in necessities are more of a concern than stuff like travel. Right now it's due to food, rents, gas, and more that are up. But how much higher can toilet papers go? How much can a bag of veggies go? You can increase prices on them, but there is only so much that you can increase.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 10, 2022, 10:28:51 AM
...or they will raise prices and the problem will solve itself.
I hope you know you can only raise prices so much....

Lots of room.  Mammoth was at over $220.00 a day for lift tickets before the pandemic.  Business finds that sweet spot where price and demand meet.  Vail will too.
Mammoth tickets is a bad example. Inflation in necessities are more of a concern than stuff like travel. Right now it's due to food, rents, gas, and more that are up. But how much higher can toilet papers go? How much can a bag of veggies go? You can increase prices on them, but there is only so much that you can increase.

You are reading too far into that example. I used it because it is a simple system that illustrates supply and demand pricing and the effects it can have on consumption.  If you want to know how high goods prices can go, watch that Carter Speech,  It was a plea from a weak president (sound familiar?) in a similar situation.  Remember inflation then was running double digits.  Unemployment was also high.  A 30 year mortgage was in the high teens, you were getting almost double digits on a bank savings account (no risk or cost). Double tax free bonds were double digits.    We have lots of room from here for those who are young and do not remember living through those days.
Title: Re: INFLATION IS OUR FRIEND
Post by: zovall on February 10, 2022, 10:45:33 AM

IMO, the fed took money from poor people and gave it to rich people. Every time the government does something to reduce the large difference between upper and lower financial/social class it benefits the upper class and the bottom gets farther and farther behind, more and more dependent on government handouts to just survive. Lets give the poor rental assistance and it flows right into the landlords hands. Lets keep rates low so the poor can buy a house and they get beat out by the rich who end up their landlords. Lets raise min. wage and they only fall farther behind with less buying power.


I agree with what you stated above. The systems/institutions are so messed up..
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on February 10, 2022, 11:07:12 AM
In this situation, I THINk it is a business decision to offer unlimited pricing vs dynamic pricing. For example a company could charge more on the weekend and also the time that they enter the park.

The 20% discount on food for certain pass holders. I am sure did not help increase revenue for the company.

This is me just spending 5 minutes on this situation.
Title: Re: INFLATION IS OUR FRIEND
Post by: BlackKnight on February 10, 2022, 11:08:56 AM
High inflation and high Fed rates may lead to recessions.
Recessions lead to unemployment.
Unemployment should mean more distress sales/foreclosures/short sales

We live however in a "no-consequence" world where you cannot be foreclosed upon, and "why make a payment when the government will?" morality has run amok. That's an unrealistic and unsustainable economic viewpoint. At some point in time during a recession, more homes at a lower price will come to market.

The never ending buyer cash that lead to high prices in the 2000's were due to "liar loans". The 2008-2010 housing recovery came from hedgies and foreign cash buying bulk. The 2020 foreclosure epidemic was prevented by forbearance measures and taxpayer bailouts of landlords / small businesses. We printed and deferred our way out the 2020 crash. We would be in a much different place if these deferrals weren't in place.

These same measures may be deployed to keep housing prices high, but they cannot be guaranteed to arrive in time or to work. If none of these measures reoccur, housing prices will fall until we see a balance between seller inventory and buyer acceptance of current prices.
even if our economy/markets crash, government like you said will put some forbearance. government for some reason feels owning a property is a "right".

At some point, there is going to be hell to pay over all this free money. I'm on this fence...... one more hurrah in stocks and then a decade or two of misery.

One more, just one more, sound like an addiction to me. :)

When the QE started, it was temporary. Now it seem like we cant get off of it. Addicted to poison.

IMO, the fed took money from poor people and gave it to rich people. Every time the government does something to reduce the large difference between upper and lower financial/social class it benefits the upper class and the bottom gets farther and farther behind, more and more dependent on government handouts to just survive. Lets give the poor rental assistance and it flows right into the landlords hands. Lets keep rates low so the poor can buy a house and they get beat out by the rich who end up their landlords. Lets raise min. wage and they only fall farther behind with less buying power.

Debt, debt, debt. Rising rates going to make it worse for the feds and eventually something has to give and it's going to hurt.
no shit, Sherlock

Where else you think peons get services/foods from?  8)
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on February 10, 2022, 12:28:54 PM
High inflation and high Fed rates may lead to recessions.
Recessions lead to unemployment.
Unemployment should mean more distress sales/foreclosures/short sales

We live however in a "no-consequence" world where you cannot be foreclosed upon, and "why make a payment when the government will?" morality has run amok. That's an unrealistic and unsustainable economic viewpoint. At some point in time during a recession, more homes at a lower price will come to market.

The never ending buyer cash that lead to high prices in the 2000's were due to "liar loans". The 2008-2010 housing recovery came from hedgies and foreign cash buying bulk. The 2020 foreclosure epidemic was prevented by forbearance measures and taxpayer bailouts of landlords / small businesses. We printed and deferred our way out the 2020 crash. We would be in a much different place if these deferrals weren't in place.

These same measures may be deployed to keep housing prices high, but they cannot be guaranteed to arrive in time or to work. If none of these measures reoccur, housing prices will fall until we see a balance between seller inventory and buyer acceptance of current prices.
even if our economy/markets crash, government like you said will put some forbearance. government for some reason feels owning a property is a "right".

At some point, there is going to be hell to pay over all this free money. I'm on this fence...... one more hurrah in stocks and then a decade or two of misery.

One more, just one more, sound like an addiction to me. :)

When the QE started, it was temporary. Now it seem like we cant get off of it. Addicted to poison.

IMO, the fed took money from poor people and gave it to rich people. Every time the government does something to reduce the large difference between upper and lower financial/social class it benefits the upper class and the bottom gets farther and farther behind, more and more dependent on government handouts to just survive. Lets give the poor rental assistance and it flows right into the landlords hands. Lets keep rates low so the poor can buy a house and they get beat out by the rich who end up their landlords. Lets raise min. wage and they only fall farther behind with less buying power.

Debt, debt, debt. Rising rates going to make it worse for the feds and eventually something has to give and it's going to hurt.
no shit, Sherlock

Where else you think peons get services/foods from?  8)

The point is, no matter what the government does, the poor get poorer and the debt goes up.

Time is ticking and we're all going to be in a lot of hurt, rich and poor.
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on February 10, 2022, 07:23:34 PM
Skiing has always been an expensive activity but the increases over the past few years are crazy. Yet, there is so much demand because there is just so much money out there. There are some resorts (very few it seems) that limit the number of skiers on the mountain. We are going next week (not to Vail) - fingers crossed

Just substitute Disneyland Annual Passes.  They still haven’t figured out their max price yet.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 11, 2022, 09:02:38 AM
Isn't this fun? Warned this was coming even before it was supposed to be "transitory".  Nice to know those in charge have such a deep understand of basic economics...or not. ;D ;D >:D

The Fed Will Ultimately Have To Hike Rates More Than You Think
Markets are underestimating how much the Fed will have to hike rates over the next couple of years and that will spell more trouble for the stock and bond markets before year-end.

The persistence of high inflation and strong demand means that the Fed will need to hike rates enough to slow the economy. While markets now seem priced for the withdrawal of policy stimulus that will take place over the next several months, they do not reflect the extent to which policy rates will have to rise over the next couple of years. Fed funds futures imply an overnight rate of around 1.75 percent by the end of 2023, somewhat below what the vast majority of economists—including those at the Fed—consider neutral (a rate that neither stimulates nor restricts economic activity). It is not clear at this point how high rates will have to go over the next couple of years to stabilize inflation, but it is very likely that the implied policy rate for end-2023 is currently off by at least 150 basis points, suggesting a Fed funds rate of over 3 percent.

If it turns out that the Fed needs to hike rates much more than is currently expected over the next couple of years, the selloff in stocks and bonds will probably have more to run before the year is out.

https://www.dailymail.co.uk/news/article-10499655/Antibodies-unjabbed-Covid-survivors-stronger-protection-two-doses-study-claims.html
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 15, 2022, 08:56:29 AM
Just like the Peanut Farmer....

Wholesale prices rise 1% in January, up near-record 9.7% over the past year

The producer price index, which measures wholesale prices, rose 1% in January and 9.7% for the 12-month period, the latter just off the record high.
Core PPI rose 0.9%. Both increases were at least double the Wall Street estimates.
Manufacturing in the New York region increased modestly in February but was below expectations. The prices received index soared to a record high.

https://www.cnbc.com/2022/02/15/producer-price-index-january-2022-.html

Are You Better Off Than You Were A Year Ago?...

The Misery Index is up. When Biden took office, the Misery Index – which simply adds the unemployment and inflation rates together – stood at 7.7 and it was falling fast. It peaked at 15.03 in April 2020 after the COVID lockdowns threw millions out of work. But instead of continuing to head back down to the 5.8 level it was before COVID, the Misery Index has steadily climbed under Biden. It is now at 10.94, with increases in inflation swamping the decline in unemployment.

https://issuesinsights.com/2022/02/15/are-you-better-off-than-you-were-a-year-ago/
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 22, 2022, 01:09:09 PM
Ahhh..the good old days...

We control the horizontal...we control the vertical...Take that Paris Climate Agreement!!

Feds Discover Largest Oil, Natural-Gas Reserve in History

In all, the new reserve is said to contain 281 trillion cubic feet of natural gas, 46.3 billion barrels of oil, and 20 billion barrels of natural-gas liquids, the Interior Department’s U.S. Geological Survey said.

COMMENTS
Almost a third of the U.S.’s total crude-oil production comes from the Permian Basin where the reserve was found, making it the biggest shale-oil-producing region in the U.S.

“American strength flows from American energy, and as it turns out, we have a lot of American energy,” said Zinke. “Before this assessment came down, I was bullish on oil and gas production in the United States. Now, I know for a fact that American energy dominance is within our grasp as a nation.”

https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/ (https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/)

U.S. Becomes a Net Oil Exporter for First Time in 75 Years


America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.”

http://fortune.com/2018/12/06/oil-exports-us/ (http://fortune.com/2018/12/06/oil-exports-us/)


https://youtu.be/FCcdr4O-3gE (https://youtu.be/FCcdr4O-3gE)

Oil prices surge to almost $100 a barrel – the highest in more than seven years - after Putin ordered troops into eastern Ukraine's breakaway regions
Oil surged to its highest since 2014 Tuesday, pushing prices near $100 a barrel

It comes after Putin recognized the independence of two regions in Ukraine
Russia dispatched troops and armored vehicles to Eastern Ukraine late last night
US, UK and European allies are poised to announce new sanctions
But Russia is a major exporter of oil to the US, while roughly a third of Europe's supply of gas comes from Russian pipelines

https://www.dailymail.co.uk/news/article-10538345/Oil-prices-surge-100-barrel-Putin-ordered-troops-Ukraine.html
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 23, 2022, 10:59:49 AM
You havin fun yet? And NO it's not Russias fault...give ya threee guesses on whos it is though...

Brace for more pain at the pump: Gas tops $6 at one Los Angeles station as prices hit an eight-year high and experts warn oil will soar further if Russia's invasion of Ukraine intensifies
National average price of gas hit $3.53 on Tuesday, the highest in eight years
Gas prices are up 21 cents from last month and 90 cents from a year ago
California leads the nation with a gallon of regular gas averaging $4.74
Experts warn that a full-scale Russian invasion of Ukraine could push prices up
Crude oil is already approaching $100 a barrel amid fears of a supply shock
Russia is a major exporter of oil and could benefit from the rising prices

https://www.dailymail.co.uk/news/article-10543847/Brace-pain-pump-Gas-tops-6-one-Los-Angeles-station.html
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on February 28, 2022, 12:57:58 PM
"Inflation is your friend" and "we all need to suffer equally" will be the theme of the State of the Union....can't wait... ;D ;D >:D

Inflation will be worse than feared this year, Goldman Sachs predicts

New York (CNN Business)Red-hot inflation in the United States may not cool off this year as much as many hoped, Goldman Sachs cautioned in a new report.

"The inflation picture has worsened this winter as we expected, and how much it will improve later this year is now in question," Goldman Sachs economists wrote in a client report Sunday night.
Given that uncertainty, Goldman Sachs is raising its inflation outlook. It expects that core PCE inflation, the Federal Reserve's preferred price metric, will decelerate to 3.7% at the end of this year.
That's a jump from Goldman's previous forecast of 3.1% — and almost double the Fed's goal of 2%.

Goldman also now expects consumer prices, which rose by a near-40-year high of 7.5% on an annualized basis in January, to cool off to 4.6% by the end of this year and 2.9% by the end of next year.

https://www.cnn.com/2022/02/28/economy/inflation-economy-goldman-sachs/index.html
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on February 28, 2022, 01:41:43 PM
Inflation will be worse than feared this year, Goldman Sachs predicts

Goldman also raised their prediction to 11 rate hikes by the end of 2023 (which implies a Fed Funds rate of 2.75-3.00%.)  I wonder what that does to Jumbo loan rates?
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on February 28, 2022, 03:22:46 PM
Gonna be some mixed feelings when I get a raise that's double what I got last year, and half the inflation rate.  At least my mortgage is fixed.  The renters out there are going to get creamed on housing costs.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on February 28, 2022, 11:04:08 PM
Inflation will be worse than feared this year, Goldman Sachs predicts

Goldman also raised their prediction to 11 rate hikes by the end of 2023 (which implies a Fed Funds rate of 2.75-3.00%.)  I wonder what that does to Jumbo loan rates?

If that happens, the yield curve will invert and the 10-year & 30-year may go lower than they are today because bond traders will start pricing in a coming recession since Fed funds rates don't drive long term bond rates and mortgage rates.  And what happens when we get a recession?  That's right, lower mortgage rates.  Ain't that a trip? 
Title: Re: INFLATION IS OUR FRIEND
Post by: The California Court Company on March 01, 2022, 05:57:16 AM
Maybe the household formation will shrink; roommates and movie in with family etc.


Gonna be some mixed feelings when I get a raise that's double what I got last year, and half the inflation rate.  At least my mortgage is fixed.  The renters out there are going to get creamed on housing costs.
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on March 01, 2022, 06:17:11 AM
Maybe the household formation will shrink; roommates and movie in with family etc.


Gonna be some mixed feelings when I get a raise that's double what I got last year, and half the inflation rate.  At least my mortgage is fixed.  The renters out there are going to get creamed on housing costs.

When I get qoutes for repairs, materials and labors the costs has run up dramatically. Many items hardwares and construction material have doubled. I am schock and have to do a double take. I then look for it online, and without better pricing and delivery fees is rediculous. It's squeeze my pocket more and more.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on March 01, 2022, 08:03:42 AM
Just prior to the pandemic start we bought 2 new cars and the Tesla Solar + PW. That lucky timing saved us perhaps close to $100K.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 01, 2022, 08:51:23 AM
Tonight's SOTU..

https://twitter.com/i/status/1460070685615792129

https://twitter.com/kerpen/status/1460070685615792129?s=20&t=QkW-21A9L5pn7qrsDt5jrA
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on March 01, 2022, 08:55:20 AM
The Tesla Y I ordered back in AUG arrived in JAN 2022
Out the door price $61,500

Looked on the internet today and it can sell for $71,000 or so.

Should I order another Y and sell it once I get it since inflation is not transitory.
Perhaps order 10 Ys!!
It says delivery in AUG 2022.


Instead of holding cash or stocks I'm holding cars.
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on March 01, 2022, 08:59:10 AM
Recession will fix it.
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on March 01, 2022, 10:03:56 AM
Inflation will be worse than feared this year, Goldman Sachs predicts

Goldman also raised their prediction to 11 rate hikes by the end of 2023 (which implies a Fed Funds rate of 2.75-3.00%.)  I wonder what that does to Jumbo loan rates?

If that happens, the yield curve will invert and the 10-year & 30-year may go lower than they are today because bond traders will start pricing in a coming recession since Fed funds rates don't drive long term bond rates and mortgage rates.  And what happens when we get a recession?  That's right, lower mortgage rates.  Ain't that a trip?

Yep, and a recession means job losses and lower home values, especially when starting from a point of historic low affordability.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on March 01, 2022, 10:43:08 AM
Inflation will be worse than feared this year, Goldman Sachs predicts

Goldman also raised their prediction to 11 rate hikes by the end of 2023 (which implies a Fed Funds rate of 2.75-3.00%.)  I wonder what that does to Jumbo loan rates?

If that happens, the yield curve will invert and the 10-year & 30-year may go lower than they are today because bond traders will start pricing in a coming recession since Fed funds rates don't drive long term bond rates and mortgage rates.  And what happens when we get a recession?  That's right, lower mortgage rates.  Ain't that a trip?

Yep, and a recession means job losses and lower home values, especially when starting from a point of historic low affordability.

Forget recession if Putin actually follows through with nuclear threat.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 01, 2022, 11:02:38 AM
How do you model for that?.. ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on March 01, 2022, 11:10:28 AM
Its called world war of Putin uses the nuke
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 01, 2022, 12:29:03 PM
You know how many times I have heard the Armageddon Trade? '72, '79 '87, '90, '94, '97, '99, '02, '09, '16...Never seems to pan out...

Why the Armageddon Trade Is Wrong
Kevin Cook
May 10, 2013

'Stockpile food and ammo!'

'Sell your stocks and by gold!'

'Run for the hills and prepare for the worst!'

'The worst economic storm ever is about to destroy your wealth and freedom!!!'

The relentless appeal of the 'Armageddon trade' has many chomping at the bit. That's because the markets fall much faster than they rise. Bear runs of 5% to 10% in a single day, or 20% in a week, are far and few between, but they do make some people into instant millionaires.

But even more often than amassing riches, these investors get crushed. Their myopic view had some of them take on way too much risk - which became their undoing. Or others got locked into their position and froze up when the time came to switch gears to the new bull run.

I'm here to tell you that the Armageddon hawkers are way wrong, and not because they exaggerate, or because the trades are so rare and hard to time. They are wrong for 3 important reasons. Discover them below along with a better path to wealth creation.

https://finance.yahoo.com/news/why-armageddon-trade-wrong-203856277.html
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on March 01, 2022, 12:34:30 PM
Someone people may think I am making it up.

Just look at the world stock market and also look at Russia’s current event. Many people waiting in line at the atms and banks. Their currency has lost value. Countries are turning away their coal and oil.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 01, 2022, 12:47:51 PM
Sounds like time to selectively be buying...better to be a lion than a gazelle. If you don't know which you are...better wake up running.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on March 01, 2022, 01:04:14 PM
Maybe you should help fuel and supply Russian troops because there are many reports that they are abandoning their vehicles because of fuel. Also, other reports of no food.
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on March 01, 2022, 01:16:01 PM
The Tesla Y I ordered back in AUG arrived in JAN 2022
Out the door price $61,500

Looked on the internet today and it can sell for $71,000 or so.

Should I order another Y and sell it once I get it since inflation is not transitory.
Perhaps order 10 Ys!!
It says delivery in AUG 2022.


Instead of holding cash or stocks I'm holding cars.

Do it. People are making tons of money on flipping leases, so much so, the leasing companies are not allowing 3rd party buyouts anymore.
Title: Re: INFLATION IS OUR FRIEND
Post by: momopi on March 01, 2022, 03:21:37 PM
You know how many times I have heard the Armageddon Trade? '72, '79 '87, '90, '94, '97, '99, '02, '09, '16...Never seems to pan out...
Why the Armageddon Trade Is Wrong
Kevin Cook
May 10, 2013
'Stockpile food and ammo!'
'Sell your stocks and by gold!'
'Run for the hills and prepare for the worst!'
'The worst economic storm ever is about to destroy your wealth and freedom!!!'
The relentless appeal of the 'Armageddon trade' has many chomping at the bit. That's because the markets fall much faster than they rise. Bear runs of 5% to 10% in a single day, or 20% in a week, are far and few between, but they do make some people into instant millionaires.
But even more often than amassing riches, these investors get crushed. Their myopic view had some of them take on way too much risk - which became their undoing. Or others got locked into their position and froze up when the time came to switch gears to the new bull run.
I'm here to tell you that the Armageddon hawkers are way wrong, and not because they exaggerate, or because the trades are so rare and hard to time. They are wrong for 3 important reasons. Discover them below along with a better path to wealth creation.
https://finance.yahoo.com/news/why-armageddon-trade-wrong-203856277.html

Gold is defense vs catastrophic/hyperinflation scenarios.  For example, 1949 Taiwan when New Taiwan Dollar exchanged for old Taiwan Dollar at rate of 1:40,000.  It's likely that you'd never encounter the scenario in your lifetime.  But keeping a small % of your assets in gold might buy you passage, food, and shelter when you need it.
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on March 01, 2022, 06:16:16 PM
Maybe the household formation will shrink; roommates and movie in with family etc.

And people can eat chicken instead of rib-eye steaks.  We're either going to be paying more for the same, or reducing our quality of life.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 01, 2022, 10:01:31 PM
Inflation will be worse than feared this year, Goldman Sachs predicts

Goldman also raised their prediction to 11 rate hikes by the end of 2023 (which implies a Fed Funds rate of 2.75-3.00%.)  I wonder what that does to Jumbo loan rates?

If that happens, the yield curve will invert and the 10-year & 30-year may go lower than they are today because bond traders will start pricing in a coming recession since Fed funds rates don't drive long term bond rates and mortgage rates.  And what happens when we get a recession?  That's right, lower mortgage rates.  Ain't that a trip?

Yep, and a recession means job losses and lower home values, especially when starting from a point of historic low affordability.

If they do cause a recession it won't be a deep prolonged one because they'll get scared and start cutting rates again quickly.  The labor market is still very strong so there's a lot of steam to take out of it.  I don't think the Fed will raise rates above where the 10-year is trading because JP know what happens when the yield curve inverts.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 03, 2022, 08:43:35 AM
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.

Okay, you can owe me!!!...


Average Gas Price in LA County Tops a Whopping $5 Per Gallon
Gas prices took a significant jump, the largest since July 2015.

The average price of a gallon of self-serve regular gasoline in Los Angeles County topped $5 for the first time Thursday, increasing 8.6 cents to $5.014.

The increase is the largest since the 15.1-cent increase on July 14, 2015, according to figures from the AAA and Oil Price Information Service. The record is the 25th in 27 days.

The average price has risen 29 times in 32 days, increasing 34.5 cents, including 3 cents Wednesday. It is 19.2 cents more than one week ago, 29.8 cents higher than one month ago and $1.25 greater than one year ago.

The Orange County average price also recorded its largest increase since July 14, 2015, rising 8.6 cents to $4.99, its 24th record in 29 days. It has increased 19 of the past 21 days, rising 26.8 cents, including 3.4 cents Wednesday.

The Orange County average price is 18.8 cents more than one week ago, 29.1 cents higher than one month ago and $1.244 greater than one year ago.

https://www.nbclosangeles.com/news/local/average-gas-price-la-county/2839780/
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 03, 2022, 09:23:13 AM
The Morons are truly in charge...

Buttigieg on Keystone Pipeline amid Ukraine Invasion: We Don’t Want ‘Permanent Solutions’ to Short Term Problems

Transportation Secretary Pete Buttigieg said Wednesday on MSNBC’s “The 11th Hour” that to combat oil prices skyrocketing amid the Russian invasion of Ukraine, President Joe Biden did not want to authorize the Keystone Pipeline.

According to Buttigieg, it would be “galloping after permanent solutions to immediate short term problems.”
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on March 03, 2022, 09:23:35 AM
I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 03, 2022, 09:34:10 AM
I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Your $100,000.00 feel good box?  You pay for it one way or another.  I for one drive a 1990 Full size Ford Bronco,  Restored, that gets about 9 miles to the gallon but when I bought it it only cost me $3800.00 so I think I'm still ahead of the game. ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: AW on March 03, 2022, 09:38:20 AM
I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Your $100,000.00 feel good box?  You pay for it one way or another.  I for one drive a 1990 Full size Ford Bronco,  Restored, that gets about 9 miles to the gallon but when I bought it it only cost me $3800.00 so I think I'm still ahead of the game. ;D ;D >:D
$100k model y?  Is this source from the tabloids?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 03, 2022, 09:42:58 AM
Zubs...you driv'n a model Y? ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on March 03, 2022, 01:23:14 PM
I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Pretty soon, only EV and Tesla will be on the road. And bicycles. :)
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on March 03, 2022, 03:12:02 PM
I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Your $100,000.00 feel good box?  You pay for it one way or another.  I for one drive a 1990 Full size Ford Bronco,  Restored, that gets about 9 miles to the gallon but when I bought it it only cost me $3800.00 so I think I'm still ahead of the game. ;D ;D >:D
$100k model y?  Is this source from the tabloids?

From his favorite source: Dailymail
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 03, 2022, 05:35:00 PM
I was just jibing zubs(thought he would have a more expensive model) but if it really bugs you….I’ll fix it…

“Your $55,000 feel good box?  You pay for it one way or another.  I for one drive a 1990 Full size Ford Bronco,  Restored, that gets about 9 miles to the gallon but when I bought it it only cost me $3800.00 so I think
I’m still ahead of the game”
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on March 03, 2022, 08:35:39 PM
I was just jibing zubs(thought he would have a more expensive model) but if it really bugs you….I’ll fix it…

“Your $55,000 feel good box?  You pay for it one way or another.  I for one drive a 1990 Full size Ford Bronco,  Restored, that gets about 9 miles to the gallon but when I bought it it only cost me $3800.00 so I think
I’m still ahead of the game”


Very hard to find these, nowaday. You've made good money on it. I would not drive it much as it consider a classic.

This is the same type as OJ Simpson get away car, the infamous chase on 405, right?
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 03, 2022, 09:49:10 PM
I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Pretty soon, only EV and Tesla will be on the road. And bicycles. :)

I just hope our power grid can handle all the EVs without brown outs and black outs.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 03, 2022, 10:39:19 PM
I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Pretty soon, only EV and Tesla will be on the road. And bicycles. :)

I just hope our power grid can handle all the EVs without brown outs and black outs.

It won’t..  EV utopia is a pipe dream both from a production standpoint and a electric supply standpoint….

Electric Vehicles On Collision Course With Reality

* EVs are cool. They are not new. The history of EVs is a century of failure tailgating failure. In 1911, the New York Times said that the electric car “has long been recognized as the ideal solution.” In 1990, the California Air Resources Board mandated 10% of car sales be zero-emission vehicles by 2003. Today, 31 years later, only about 6% of the cars in California have an electric plug.

* The average household income for EV buyers is about $140,000. That’s roughly two times the U.S. average. And yet, federal EV tax credits force low- and middle-income taxpayers to subsidize the Benz and Beemer crowd.

* Lower-income Americans are facing huge electric rate increases for grid upgrades to accommodate EVs even though they will probably never own one.

* This month, the California Energy Commission estimated the state will need 1.3 million new public EV chargers by 2030. The likely cost to ratepayers: about $13 billion.

* Meanwhile, blackouts are almost certain this summer and electricity prices are “absolutely exploding.” California’s electricity prices went up by 7.5 percent last year and they will likely rise another 40 percent by 2030. This, in a state with the highest poverty rate and largest Latino population in America. How is racial justice or social equity being served by such regressive policies?

* I also talked about resilience, saying “Electrifying everything is the opposite of anti-fragile. Electrifying transportation will put more of our energy eggs in one basket. It will make the grid an even-bigger target for terrorists, cyberthieves, or bad actors. It will reduce resilience and reliability in case of a prolonged grid failure due to natural disaster, equipment failure, or human error.”

https://principia-scientific.com/electric-vehicles-on-collision-course-with-reality/
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 03, 2022, 10:43:36 PM
Additionally…

electrifying half of the U.S. motor vehicle fleet would require in rough terms:

* 9 times the world’s current cobalt production
* 4 times global neodymium output
* 3 times global lithium production
* 2 times world copper production

I concluded by saying:

Oil’s dominance in transportation is largely due to its high energy density. That density and improvements in internal combustion engines and hybrids assure that oil will be fueling transport for decades to come.

Powerful lobby groups want Congress to spend billions on electrification schemes that will impose regressive taxes on low-income Americans, reduce our resilience, and increase reliance on China. That’s a dubious trifecta.
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on March 03, 2022, 11:40:25 PM
Oil’s dominance in transportation is largely due to its high energy density. That density and improvements in internal combustion engines and hybrids assure that oil will be fueling transport for decades to come.

I still recall a presentation I gave about 15 years ago in a biz class and noted that a gallon of gasoline has the same energy as 130,000 AA batteries.  Still, a majority of those petrol joules are simply wasted.  Gasoline is a highly efficient form of energy, but gasoline engines are not efficient relative to battery electric motors.

The hot topic in my household the past 2 weeks is how big is big enough of solar/battery to make it off grid, and whether we want to pull the trigger on it. 
Title: Re: INFLATION IS OUR FRIEND
Post by: freedomcm on March 04, 2022, 06:39:06 AM
half of buyers have incomes less than $140k?  (and I personally wouldn't call $140k household income Beemer class...

* The average household income for EV buyers is about $140,000. That’s roughly two times the U.S. average. And yet, federal EV tax credits force low- and middle-income taxpayers to subsidize the Benz and Beemer crowd.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on March 04, 2022, 07:58:09 AM
Oil’s dominance in transportation is largely due to its high energy density. That density and improvements in internal combustion engines and hybrids assure that oil will be fueling transport for decades to come.

I still recall a presentation I gave about 15 years ago in a biz class and noted that a gallon of gasoline has the same energy as 130,000 AA batteries.  Still, a majority of those petrol joules are simply wasted.  Gasoline is a highly efficient form of energy, but gasoline engines are not efficient relative to battery electric motors.

The hot topic in my household the past 2 weeks is how big is big enough of solar/battery to make it off grid, and whether we want to pull the trigger on it.
your name always takes me back to the Hercules cartoons of my youth

You need to pull the trigger now - the 8.16 kW / 3 PW system I paid $40K for 2 yrs ago is now almost $100K. Looking forward to settling up with PGE NEM in April. Love charging my bargain base Model 3 with free electrons via a heavily subsidized infrastructure (hello 5 figure tax refund) vs >$5/gal up here now, going to $10/gal IMO. I would imagine this has also significantly increased the value of my home. Go for it.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on March 04, 2022, 08:01:29 AM
ICE is ~30% efficiency if I recall. Is that balanced out by the energy density of petroleum? Good analysis for someone way smarter than me.
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on March 04, 2022, 08:36:13 AM
Oil’s dominance in transportation is largely due to its high energy density. That density and improvements in internal combustion engines and hybrids assure that oil will be fueling transport for decades to come.

I still recall a presentation I gave about 15 years ago in a biz class and noted that a gallon of gasoline has the same energy as 130,000 AA batteries.  Still, a majority of those petrol joules are simply wasted.  Gasoline is a highly efficient form of energy, but gasoline engines are not efficient relative to battery electric motors.

The hot topic in my household the past 2 weeks is how big is big enough of solar/battery to make it off grid, and whether we want to pull the trigger on it.
your name always takes me back to the Hercules cartoons of my youth

You need to pull the trigger now - the 8.16 kW / 3 PW system I paid $40K for 2 yrs ago is now almost $100K. Looking forward to settling up with PGE NEM in April. Love charging my bargain base Model 3 with free electrons via a heavily subsidized infrastructure (hello 5 figure tax refund) vs >$5/gal up here now, going to $10/gal IMO. I would imagine this has also significantly increased the value of my home. Go for it.

$10/gallon gas is going to lead to a recession. Everything that gets shipped will go up, including the food on your plate. The cost for the little guy to drive to the grocery store, their jobs, the doc etc is going to hurt them badly. They will have no choice but to buy less. Amazon free delivery you say? They will just raise their prices too. USPS raising prices in July. Don't think it matters? Lots of stuff goes USPS and prices will rise even for free delivery.

Inflation will rise, people who have jobs will demand more money and there will be lots who lose their jobs.

Been thru oil increases like what $10 per gallon would do to us. Not a good thing. Ask Jimmy Carter about it.

Signed, Miss Debby Downer.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 04, 2022, 08:44:44 AM
I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Pretty soon, only EV and Tesla will be on the road. And bicycles. :)

...again this only seems to be in small areas...the depth of that bench in really in question...

EVs still account for less than one percent of the 276 million registered vehicles in the U.S. Of all the EVs on U.S. roads, about 42 percent of them are in California.

By contrast, states like South Dakota, North Dakota, Montana, and Wyoming each have less than 1,000 registered EVs. Furthermore, in 2020, fewer than 300,000 EVs were sold in the U.S.

For comparison, Ford Motor Company sold nearly 800,000 F-series pickup trucks last year.

As a result of the “green” energy fad, blackouts are already fast on the way to becoming the new normal.

If policymakers continue to mandate and subsidize electric vehicles, the U.S. will look like a third-world country, with electricity available only episodically and at rates unaffordable for most.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on March 04, 2022, 08:52:32 AM
Oil’s dominance in transportation is largely due to its high energy density. That density and improvements in internal combustion engines and hybrids assure that oil will be fueling transport for decades to come.

I still recall a presentation I gave about 15 years ago in a biz class and noted that a gallon of gasoline has the same energy as 130,000 AA batteries.  Still, a majority of those petrol joules are simply wasted.  Gasoline is a highly efficient form of energy, but gasoline engines are not efficient relative to battery electric motors.

The hot topic in my household the past 2 weeks is how big is big enough of solar/battery to make it off grid, and whether we want to pull the trigger on it.
your name always takes me back to the Hercules cartoons of my youth

You need to pull the trigger now - the 8.16 kW / 3 PW system I paid $40K for 2 yrs ago is now almost $100K. Looking forward to settling up with PGE NEM in April. Love charging my bargain base Model 3 with free electrons via a heavily subsidized infrastructure (hello 5 figure tax refund) vs >$5/gal up here now, going to $10/gal IMO. I would imagine this has also significantly increased the value of my home. Go for it.

$10/gallon gas is going to lead to a recession. Everything that gets shipped will go up, including the food on your plate. The cost for the little guy to drive to the grocery store, their jobs, the doc etc is going to hurt them badly. They will have no choice but to buy less. Amazon free delivery you say? They will just raise their prices too. USPS raising prices in July. Don't think it matters? Lots of stuff goes USPS and prices will rise even for free delivery.

Inflation will rise, people who have jobs will demand more money and there will be lots who lose their jobs.

Been thru oil increases like what $10 per gallon would do to us. Not a good thing. Ask Jimmy Carter about it.

Signed, Miss Debby Downer.

I really hope you and I end up being mocked as Doomers and Gloomers - though my oil stocks will do well
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on March 04, 2022, 09:21:22 AM
Right before the pandemic in NOV of 2019 I was in ShenZhen.
I hailed a taxi cab and was surprised it was a NIO. 
They were all NIOs!!!

I thought it was pretty cool.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 04, 2022, 09:31:50 AM
Oil’s dominance in transportation is largely due to its high energy density. That density and improvements in internal combustion engines and hybrids assure that oil will be fueling transport for decades to come.

I still recall a presentation I gave about 15 years ago in a biz class and noted that a gallon of gasoline has the same energy as 130,000 AA batteries.  Still, a majority of those petrol joules are simply wasted.  Gasoline is a highly efficient form of energy, but gasoline engines are not efficient relative to battery electric motors.

The hot topic in my household the past 2 weeks is how big is big enough of solar/battery to make it off grid, and whether we want to pull the trigger on it.
your name always takes me back to the Hercules cartoons of my youth

You need to pull the trigger now - the 8.16 kW / 3 PW system I paid $40K for 2 yrs ago is now almost $100K. Looking forward to settling up with PGE NEM in April. Love charging my bargain base Model 3 with free electrons via a heavily subsidized infrastructure (hello 5 figure tax refund) vs >$5/gal up here now, going to $10/gal IMO. I would imagine this has also significantly increased the value of my home. Go for it.

$10/gallon gas is going to lead to a recession. Everything that gets shipped will go up, including the food on your plate. The cost for the little guy to drive to the grocery store, their jobs, the doc etc is going to hurt them badly. They will have no choice but to buy less. Amazon free delivery you say? They will just raise their prices too. USPS raising prices in July. Don't think it matters? Lots of stuff goes USPS and prices will rise even for free delivery.

Inflation will rise, people who have jobs will demand more money and there will be lots who lose their jobs.

Been thru oil increases like what $10 per gallon would do to us. Not a good thing. Ask Jimmy Carter about it.

Signed, Miss Debby Downer.

No real overhead resistance on that chart...

$7 Gas Is Coming and a Poll Shows That Americans Blame Joe Biden for It

Gas prices have been going up since Joe Biden began cutting off energy sources in the name of global warming Leftism on his first day of office. Now, a year later, Bidenflation has taken hold, Russia has attacked Ukraine, and the price of a barrel of oil on Wednesday stood at a gasp-inducing $112/barrel. We’re looking at gas prices close to $7.00/gallon.

https://pjmedia.com/news-and-politics/victoria-taft/2022/03/03/7-gas-is-coming-and-a-poll-shows-that-americans-blame-joe-biden-for-it-n1563213
Title: Re: INFLATION IS OUR FRIEND
Post by: AW on March 04, 2022, 09:43:20 AM
I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Pretty soon, only EV and Tesla will be on the road. And bicycles. :)

...again this only seems to be in small areas...the depth of that bench in really in question...

EVs still account for less than one percent of the 276 million registered vehicles in the U.S. Of all the EVs on U.S. roads, about 42 percent of them are in California.

By contrast, states like South Dakota, North Dakota, Montana, and Wyoming each have less than 1,000 registered EVs. Furthermore, in 2020, fewer than 300,000 EVs were sold in the U.S.

For comparison, Ford Motor Company sold nearly 800,000 F-series pickup trucks last year.

As a result of the “green” energy fad, blackouts are already fast on the way to becoming the new normal.

If policymakers continue to mandate and subsidize electric vehicles, the U.S. will look like a third-world country, with electricity available only episodically and at rates unaffordable for most.
soo... your solution is that we should have increase focus on solar and battery storage?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 04, 2022, 09:57:40 AM
I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Pretty soon, only EV and Tesla will be on the road. And bicycles. :)



...again this only seems to be in small areas...the depth of that bench in really in question...

EVs still account for less than one percent of the 276 million registered vehicles in the U.S. Of all the EVs on U.S. roads, about 42 percent of them are in California.

By contrast, states like South Dakota, North Dakota, Montana, and Wyoming each have less than 1,000 registered EVs. Furthermore, in 2020, fewer than 300,000 EVs were sold in the U.S.

For comparison, Ford Motor Company sold nearly 800,000 F-series pickup trucks last year.

As a result of the “green” energy fad, blackouts are already fast on the way to becoming the new normal.

If policymakers continue to mandate and subsidize electric vehicles, the U.S. will look like a third-world country, with electricity available only episodically and at rates unaffordable for most.
soo... your solution is that we should have increase focus on solar and battery storage?


Drill baby drill!!! Stop all the the subsidies and let the markets figure it out.
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on March 04, 2022, 10:06:16 AM
Oil’s dominance in transportation is largely due to its high energy density. That density and improvements in internal combustion engines and hybrids assure that oil will be fueling transport for decades to come.

I still recall a presentation I gave about 15 years ago in a biz class and noted that a gallon of gasoline has the same energy as 130,000 AA batteries.  Still, a majority of those petrol joules are simply wasted.  Gasoline is a highly efficient form of energy, but gasoline engines are not efficient relative to battery electric motors.

The hot topic in my household the past 2 weeks is how big is big enough of solar/battery to make it off grid, and whether we want to pull the trigger on it.
your name always takes me back to the Hercules cartoons of my youth

You need to pull the trigger now - the 8.16 kW / 3 PW system I paid $40K for 2 yrs ago is now almost $100K. Looking forward to settling up with PGE NEM in April. Love charging my bargain base Model 3 with free electrons via a heavily subsidized infrastructure (hello 5 figure tax refund) vs >$5/gal up here now, going to $10/gal IMO. I would imagine this has also significantly increased the value of my home. Go for it.

$10/gallon gas is going to lead to a recession. Everything that gets shipped will go up, including the food on your plate. The cost for the little guy to drive to the grocery store, their jobs, the doc etc is going to hurt them badly. They will have no choice but to buy less. Amazon free delivery you say? They will just raise their prices too. USPS raising prices in July. Don't think it matters? Lots of stuff goes USPS and prices will rise even for free delivery.

Inflation will rise, people who have jobs will demand more money and there will be lots who lose their jobs.

Been thru oil increases like what $10 per gallon would do to us. Not a good thing. Ask Jimmy Carter about it.

Signed, Miss Debby Downer.

I really hope you and I end up being mocked as Doomers and Gloomers - though my oil stocks will do well

If you are right (even if it's just California), then I'm right too and its the poorest that will be hurt the worst but the rest of us are going to feel it too. Companies are going to lose biz with reduced spending even if they do raise prices, reducing the effect on earnings, their costs are going up in labor and supplies and that means job cuts.

I have my doubts we would reach that because I think demand for gas would drop, reducing the price but u might be right, it's only doubling from here.

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 04, 2022, 10:29:45 AM
Recession is the natural next stop in the business cycle...Fed rate hikes will be steep and the recession will be sharp and painful.  People always demonize recession but they are natural and have a certain cleansing effect on the economy.  Washing out inefficiencies and clearing the way for the next expansion phase.  It's why they call it a cycle...it is coming whether you like it or not.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on March 04, 2022, 10:50:52 AM
More drilling and a Trumpian focus on energy self sufficiency is exactly what is needed and hopefully the political winds move in that direction so it's not just fortunate souls like me with good timing that are enjoying low
 energy prices
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 04, 2022, 11:27:15 AM
We had it all under control until...


U.S. Becomes a Net Oil Exporter for First Time in 75 Years
BY

BLOOMBERG
December 6, 2018 11:35 AM PST

America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.”

The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to the Bakken in North Dakota to the Marcellus in Pennsylvania.

https://fortune.com/2018/12/06/oil-exports-us/
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on March 04, 2022, 11:52:22 AM
Recession is the natural next stop in the business cycle...Fed rate hikes will be steep and the recession will be sharp and painful.  People always demonize recession but they are natural and have a certain cleansing effect on the economy.  Washing out inefficiencies and clearing the way for the next expansion phase.  It's why they call it a cycle...it is coming whether you like it or not.

Yesterday testimony JPowell, finally admitted, that they should have move much faster last year than sticking with transisitory. I'm never in my wildest dream thought that he would admitted that they are very late and behind the curve.
We have 10-15 % inflation.

Then the next excuse coming from him is because of the war, we will only do 25 base point hike. We need this to go to 6-8 % fed funds rate minimum and they are arguing .25 or .50. It's not even moving the needle. Of course, they do not want to crash everything, so many more excuse will be use from here on out, to keep things as close to zero as zero can be.
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on March 04, 2022, 12:11:09 PM
Inflation also increased because of Ukraine conflict. But people are afraid to say anything. haha
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on March 04, 2022, 12:14:43 PM
Talk irvine thinks inflation just in Us.
Just like they think they have the best education. (not based on test scores or school rankings, but based on courses offered) *subjective

In the new thread you will see and ask why Irvine is not offering these classes for HS. (teaser)
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on March 04, 2022, 12:20:30 PM
I dont want no agents or any company messaging or dming any nasty messages. Because I will not respond or will do the same.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 04, 2022, 12:28:08 PM
I dont want no agents or any company messaging or dming any nasty messages. Because I will not respond or will do the same.

What the hell are you talking about and what does that have to do with a discussion about inflation?  It's not all about you Eye. ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: eyephone on March 04, 2022, 12:29:34 PM
I dont want no agents or any company messaging or dming any nasty messages. Because I will not respond or will do the same.

What the hell are you talking about and what does that have to do with a discussion about inflation?  It's not all about you Eye. ;D ;D >:D

Talk Irvine no rules remember? It is a teaser post to the new thread.
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on March 04, 2022, 05:09:33 PM
You need to pull the trigger now - the 8.16 kW / 3 PW system I paid $40K for 2 yrs ago is now almost $100K. Looking forward to settling up with PGE NEM in April. Love charging my bargain base Model 3 with free electrons via a heavily subsidized infrastructure (hello 5 figure tax refund) vs >$5/gal up here now, going to $10/gal IMO. I would imagine this has also significantly increased the value of my home. Go for it.

Eh?  I price it out today and 9.6KW with 3PW is 47k before incentives.   Tough decision.  The 3rd PW is iffy.  We would waste a fair amount of energy without a 3rd PW, but with it, it we would waste some anyway.  We only use about 4kw-h during the day when the sun is up; most of our usage is after 6PM.  And I don't think 3PW would be enough for us to go off grid, which is what I was hoping for.

My wife drives a Leaf, but we wouldn't save all that much with solar.  We spend about $100/year to charge her car.  I have a Taycan in the corner of my eye as a dream upgrade, but I don't drive much either.   I think we're around 8000 miles/year combined.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 04, 2022, 07:54:19 PM
You need to pull the trigger now - the 8.16 kW / 3 PW system I paid $40K for 2 yrs ago is now almost $100K. Looking forward to settling up with PGE NEM in April. Love charging my bargain base Model 3 with free electrons via a heavily subsidized infrastructure (hello 5 figure tax refund) vs >$5/gal up here now, going to $10/gal IMO. I would imagine this has also significantly increased the value of my home. Go for it.

Eh?  I price it out today and 9.6KW with 3PW is 47k before incentives.   Tough decision.  The 3rd PW is iffy.  We would waste a fair amount of energy without a 3rd PW, but with it, it we would waste some anyway.  We only use about 4kw-h during the day when the sun is up; most of our usage is after 6PM.  And I don't think 3PW would be enough for us to go off grid, which is what I was hoping for.

My wife drives a Leaf, but we wouldn't save all that much with solar.  We spend about $100/year to charge her car.  I have a Taycan in the corner of my eye as a dream upgrade, but I don't drive much either.   I think we're around 8000 miles/year combined.

Yeah, I'm eyeing either a cross turismo taycan or maybe I'll wait for the EV Macan.
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on March 04, 2022, 08:20:35 PM
Yeah, I'm eyeing either a cross turismo taycan or maybe I'll wait for the EV Macan.

But see, for me, it's a "dream upgrade", whereas for you it's yet just another trip down to the Porsche dealer on a day that ends in "Y".  Maybe you buy it and let me get it off you used when you get tired of it in August?  Please?  :D
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 04, 2022, 08:56:04 PM
Yeah, I'm eyeing either a cross turismo taycan or maybe I'll wait for the EV Macan.

But see, for me, it's a "dream upgrade", whereas for you it's yet just another trip down to the Porsche dealer on a day that ends in "Y".  Maybe you buy it and let me get it off you used when you get tired of it in August?  Please?  :D

Well funny that you say that but I do go through my daily drivers every 12-18 months because I rack up big miles on the cars (I have almost 30k miles on my Macan in 14 months and have a new Macan coming April/May because I will not own a Porsche out of warranty which happens at 40k miles).  I may pick up the taycan this year to get the tax credit of $7,500 and then swap it once the new EV Macan comes out so I can give you dibs on the taycan. I do have to keep churning through non-GT cars to get my GT addiction satisfied at MSRP.  haha
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 04, 2022, 09:16:39 PM
That’s sort of my point boys….would you do anything if it weren’t for subsidies and tax incentives?  What if none existed? Would your decisions, Hopes and dreams be the same?
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on March 04, 2022, 09:51:14 PM
That’s sort of my point boys….would you do anything if it weren’t for subsidies and tax incentives?  What if none existed? Would your decisions, Hopes and dreams be the same?
Personally, I see the Taycan and read the reviews, and my lizard brain simply says "I WANT IT!!!" before I even see the price, and I'm too much of a neanderthal to even consider what incentives there might be.  I would probably buy used, so they don't affect the process directly from my point of view.  Whether it's powered by gas, electric, steam or pixie dust isn't really a factor either.

As for solar power, yeah, it's all about the $$$ benefit.  The incentives might be enough to push me into it.  Without the incentives, no, it's not close enough to penciling.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 04, 2022, 10:04:13 PM
That’s sort of my point boys….would you do anything if it weren’t for subsidies and tax incentives?  What if none existed? Would your decisions, Hopes and dreams be the same?

I'm not a good person to ask as I churn through daily drivers so quickly and I keep going back to Porsche to stay up the food chain so I can get my GT cars at MSRP.  I'd buy the taycan without the tax credit as another car to churn through and stay a good customer for my dealer.
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on March 05, 2022, 09:43:23 PM
Recession is the natural next stop in the business cycle...Fed rate hikes will be steep and the recession will be sharp and painful.  People always demonize recession but they are natural and have a certain cleansing effect on the economy.  Washing out inefficiencies and clearing the way for the next expansion phase.  It's why they call it a cycle...it is coming whether you like it or not.

We haven’t allowed that clean out since 1999.  What makes you think it will be allowed this time.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 07, 2022, 08:22:56 AM
Recession is the natural next stop in the business cycle...Fed rate hikes will be steep and the recession will be sharp and painful.  People always demonize recession but they are natural and have a certain cleansing effect on the economy.  Washing out inefficiencies and clearing the way for the next expansion phase.  It's why they call it a cycle...it is coming whether you like it or not.

We haven’t allowed that clean out since 1999.  What makes you think it will be allowed this time.

At this point..it can't be stopped.  There was a chance to reduce the hit but that's gone.  Besides we deserve this, right?
 We can afford it and its our duty...inflation is your friend so shut your wealthy, privileged trap and take it...Recession gonna recession now.


Wealthy George Takei says already-struggling Americans ‘can endure higher prices’ to fight tyranny

Following in the clueless footsteps of White House press secretary Jen Psaki who asserted that skyrocketing gas prices are Russia’s fault, out-of-touch wealthy elitist actor George Takei tweeted that Americans paying higher prices was worth it to punish President Vladimir Putin.

“Americans: We can endure higher prices for food and gas if it means putting the screws to Putin. Consider it a patriotic donation in the fight for freedom over tyranny,” Takei stated in his best “Let them eat cake!” voice.

https://www.bizpacreview.com/2022/03/05/wealthy-george-takei-says-already-struggling-americans-can-endure-higher-prices-to-fight-tyranny-1209000/
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on March 07, 2022, 10:41:14 AM
Recession is the natural next stop in the business cycle...Fed rate hikes will be steep and the recession will be sharp and painful.  People always demonize recession but they are natural and have a certain cleansing effect on the economy.  Washing out inefficiencies and clearing the way for the next expansion phase.  It's why they call it a cycle...it is coming whether you like it or not.

We haven’t allowed that clean out since 1999.  What makes you think it will be allowed this time.

At this point..it can't be stopped.  There was a chance to reduce the hit but that's gone.  Besides we deserve this, right?
 We can afford it and its our duty...inflation is your friend so shut your wealthy, privileged trap and take it...Recession gonna recession now.


Wealthy George Takei says already-struggling Americans ‘can endure higher prices’ to fight tyranny

Following in the clueless footsteps of White House press secretary Jen Psaki who asserted that skyrocketing gas prices are Russia’s fault, out-of-touch wealthy elitist actor George Takei tweeted that Americans paying higher prices was worth it to punish President Vladimir Putin.

“Americans: We can endure higher prices for food and gas if it means putting the screws to Putin. Consider it a patriotic donation in the fight for freedom over tyranny,” Takei stated in his best “Let them eat cake!” voice.

https://www.bizpacreview.com/2022/03/05/wealthy-george-takei-says-already-struggling-americans-can-endure-higher-prices-to-fight-tyranny-1209000/

Wow... this is a slippery slope argument.  Especially for a guy that grew up in a Japanese internment camp.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 07, 2022, 10:58:19 AM
Speaking of inflation....the Costco gas lines the past 3-4 days were 2-3x longer than I've seen recently.  Are people now trying to hoard gas? 
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 07, 2022, 11:12:49 AM
Speaking of inflation....the Costco gas lines the past 3-4 days were 2-3x longer than I've seen recently.  Are people now trying to hoard gas? 

Ahhh...some of you are just too young to remember the good old days of the Carter administration...well...they're back...


Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 07, 2022, 12:19:16 PM
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)



Here we go....

Skyrocketing oil and gas prices are forecast to hit RECESSION-LEVEL highs that threaten to tank the US economy and Biden has no solutions to stop it, writes global energy analyst STEPHEN SCHORK

Stephen Schork is the Cofounder and Principal of The Schork Report, a daily subscription newsletter on the energy cash and financial markets

Gas prices are skyrocketing around the U.S. and there's no sign of relief in sight.

If the average cost of a gallon of gas continues to climb, as I predict that it will, not only will hard-pressed Americans feel an enormous additional financial burden but the entire economy will face an increased risk of recession.

t didn't need to be this way.

Delusional energy policy driven by Democrats' self-destructive climate change politics have hammered U.S. energy producers and left the county at the mercy of foreign adversaries.

https://www.dailymail.co.uk/news/article-10586163/Skyrocketing-oil-gas-prices-forecast-hit-RECESSION-LEVEL-highs-analyst-STEPHEN-SCHORK.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on March 07, 2022, 12:35:14 PM
STOP CHERRY PICKING DATA!!!! 

(https://350.org/wp-content/uploads/2014/12/Wellington-heads-in-sand-close-up1.jpg)
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on March 07, 2022, 05:23:42 PM
You need to pull the trigger now - the 8.16 kW / 3 PW system I paid $40K for 2 yrs ago is now almost $100K. Looking forward to settling up with PGE NEM in April. Love charging my bargain base Model 3 with free electrons via a heavily subsidized infrastructure (hello 5 figure tax refund) vs >$5/gal up here now, going to $10/gal IMO. I would imagine this has also significantly increased the value of my home. Go for it.

Eh?  I price it out today and 9.6KW with 3PW is 47k before incentives.   Tough decision.  The 3rd PW is iffy.  We would waste a fair amount of energy without a 3rd PW, but with it, it we would waste some anyway.  We only use about 4kw-h during the day when the sun is up; most of our usage is after 6PM.  And I don't think 3PW would be enough for us to go off grid, which is what I was hoping for.

My wife drives a Leaf, but we wouldn't save all that much with solar.  We spend about $100/year to charge her car.  I have a Taycan in the corner of my eye as a dream upgrade, but I don't drive much either.   I think we're around 8000 miles/year combined.

my electrician up here told me a few months back he had multiple clients that were in process or waiting on Tesla installations and they were paying an avg of $80K. SoCal may have better inventory of parts and electrical contractors and lower relative demand than the Bay area which could result in better pricing.
Title: Re: INFLATION IS OUR FRIEND
Post by: qwerty on March 07, 2022, 08:06:06 PM
Speaking of inflation....the Costco gas lines the past 3-4 days were 2-3x longer than I've seen recently.  Are people now trying to hoard gas? 

I went to get takeout nearby yesterday and told my wife it was only a matter of time before people start lining up at 5am to get gas at Costco. What I still don’t get is there are plenty of high end cars in that long as line. They have to be able to afford the extra $10-$15 per fillup.
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on March 07, 2022, 08:25:47 PM
Speaking of inflation....the Costco gas lines the past 3-4 days were 2-3x longer than I've seen recently.  Are people now trying to hoard gas? 

I went to get takeout nearby yesterday and told my wife it was only a matter of time before people start lining up at 5am to get gas at Costco. What I still don’t get is there are plenty of high end cars in that long as line. They have to be able to afford the extra $10-$15 per fillup.

Alot of well off people got that way by being savers/investors and they ain't about to spend more than they have to on gas.

Price of gas is up 90 cents at the costco on Park, 30-50 cents in AZ. How is that? We get ripped off at every opportunity here.
Title: Re: INFLATION IS OUR FRIEND
Post by: teddybear on March 07, 2022, 10:43:46 PM
If you’re  going to penny pinch with gas prices, you shouldn’t be buying high end cars. Wasting 30 or more minutes at Costco gas line, lol.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on March 07, 2022, 11:11:51 PM
If you’re  going to penny pinch with gas prices, you shouldn’t be buying high end cars. Wasting 30 or more minutes at Costco gas line, lol.

They must not have heard of the expression, "Time is money." If you're really a well off person, then you would realize that your time is more valuable than penny pinching at a 30-minute Costco gas line.
Title: Re: INFLATION IS OUR FRIEND
Post by: Kenkoko on March 08, 2022, 10:40:03 AM
If you’re  going to penny pinch with gas prices, you shouldn’t be buying high end cars. Wasting 30 or more minutes at Costco gas line, lol.

You severely underestimated the allure of the 4% cashback  ;)
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 08, 2022, 10:46:12 AM
If you’re  going to penny pinch with gas prices, you shouldn’t be buying high end cars. Wasting 30 or more minutes at Costco gas line, lol.

You severely underestimated the allure of the 4% cashback  ;)

I get 5% off all my gas purchases (including Costco) with my PenFed credit card.  ;)
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on March 08, 2022, 02:26:34 PM
Yep... never understood waiting 30 minutes in line to save $3.
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on March 08, 2022, 05:48:29 PM
Yep... never understood waiting 30 minutes in line to save $3.
$3?  Have you seen the news?  Difference between my nearest costco and my nearest Chevron is $1.05/gal of regular, per the gasbuddy website.  Easily a $15 savings for a lot of people.  Even if it took 30 minutes, that's $30/hour of after tax "discretionary" income, well above median pay in this county.   
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on March 08, 2022, 06:17:42 PM
Yep... never understood waiting 30 minutes in line to save $3.
$3?  Have you seen the news?  Difference between my nearest costco and my nearest Chevron is $1.05/gal of regular, per the gasbuddy website.  Easily a $15 savings for a lot of people.  Even if it took 30 minutes, that's $30/hour of after tax "discretionary" income, well above median pay in this county.   

Maybe your Chevron is right next to the freeway? Per GasBuddy app, Costco at Spectrum (Technology Dr.) is $5.29 and Shell on Technology Dr. is $5.55. And these are close to 5.
Title: Re: INFLATION IS OUR FRIEND
Post by: BlackKnight on March 08, 2022, 06:23:46 PM
Yep... never understood waiting 30 minutes in line to save $3.
$3?  Have you seen the news?  Difference between my nearest costco and my nearest Chevron is $1.05/gal of regular, per the gasbuddy website.  Easily a $15 savings for a lot of people.  Even if it took 30 minutes, that's $30/hour of after tax "discretionary" income, well above median pay in this county.   

Maybe your Chevron is right next to the freeway? Per GasBuddy app, Costco at Spectrum (Technology Dr.) is $5.29 and Shell on Technology Dr. is $5.55. And these are close to 5.

I laugh my @ss off every time i drive by costco in the district and see folks in brand spanking new Mercedes S class , BMW 7 , Porsche.. waiting in long line at least 20 min just to save freaken 5-10 bucks.  If you penny pinch on sh!t like that, dont be driving $100k cars.  Look so freaken stupid.
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on March 08, 2022, 06:29:38 PM
Maybe your Chevron is right next to the freeway? Per GasBuddy app, Costco at Spectrum (Technology Dr.) is $5.29 and Shell on Technology Dr. is $5.55. And these are close to 5.
It's not even visible from a major street.  $5.99 there, vs $4.94 at Costco.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 08, 2022, 06:34:46 PM
It’s what leads to elitist, let them eat cake comments like this that show how really out of touch us coasties are with real people…to many $6 is not pocket change and few can afford a $55-$60,000 Tesla.

Stephen Colbert’s Elitism On Soaring Gas Prices: ‘Hell, I’ll Pay $15 A Gallon Because I Drive A Tesla’

https://www.dailywire.com/news/stephen-colberts-elitism-on-soaring-gas-prices-hell-ill-pay-15-a-gallon-because-i-drive-a-tesla
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on March 08, 2022, 06:39:38 PM
Yep... never understood waiting 30 minutes in line to save $3.
$3?  Have you seen the news?  Difference between my nearest costco and my nearest Chevron is $1.05/gal of regular, per the gasbuddy website.  Easily a $15 savings for a lot of people.  Even if it took 30 minutes, that's $30/hour of after tax "discretionary" income, well above median pay in this county.   

Maybe your Chevron is right next to the freeway? Per GasBuddy app, Costco at Spectrum (Technology Dr.) is $5.29 and Shell on Technology Dr. is $5.55. And these are close to 5.

I laugh my @ss off every time i drive by costco in the district and see folks in brand spanking new Mercedes S class , BMW 7 , Porsche.. waiting in long line at least 20 min just to save freaken 5-10 bucks.  If you penny pinch on sh!t like that, dont be driving $100k cars.  Look so freaken stupid.

What makes you think the owner of the car is the one sitting in it waiting to buy gas? Could be "the help". If you didn't think of that possibility, you're probably not of the class that hires others to do menial every day tasks.
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on March 08, 2022, 06:41:57 PM
Yep... never understood waiting 30 minutes in line to save $3.
$3?  Have you seen the news?  Difference between my nearest costco and my nearest Chevron is $1.05/gal of regular, per the gasbuddy website.  Easily a $15 savings for a lot of people.  Even if it took 30 minutes, that's $30/hour of after tax "discretionary" income, well above median pay in this county.   

My comment was prior to the recent "Putin Spikes".

Sure... price differences between gas stations and Costco are a lot higher now which is indicative of price gouging and not actual crude oil costs but that's another subject.

But back in "normal" times, the price difference didn't seem like enough to warrant the time investment. If you have a gas rewards program and also cash back card, the difference between a Costco pump and a one that is closer to your house and no line is probably zero. This doesn't even factor in the cost of Costco membership.

I've been a Costco member for years and I've probably used their gas twice? Just not worth it to me... and I'm not a 1%er... maybe that's why... I don't invest the dimes I would save into crypto.
Title: Re: INFLATION IS OUR FRIEND
Post by: BlackKnight on March 08, 2022, 07:02:06 PM
Yep... never understood waiting 30 minutes in line to save $3.
$3?  Have you seen the news?  Difference between my nearest costco and my nearest Chevron is $1.05/gal of regular, per the gasbuddy website.  Easily a $15 savings for a lot of people.  Even if it took 30 minutes, that's $30/hour of after tax "discretionary" income, well above median pay in this county.   

Maybe your Chevron is right next to the freeway? Per GasBuddy app, Costco at Spectrum (Technology Dr.) is $5.29 and Shell on Technology Dr. is $5.55. And these are close to 5.

I laugh my @ss off every time i drive by costco in the district and see folks in brand spanking new Mercedes S class , BMW 7 , Porsche.. waiting in long line at least 20 min just to save freaken 5-10 bucks.  If you penny pinch on sh!t like that, dont be driving $100k cars.  Look so freaken stupid.

What makes you think the owner of the car is the one sitting in it waiting to buy gas? Could be "the help". If you didn't think of that possibility, you're probably not of the class that hires others to do menial every day tasks.

Say what? Yeah there are lot of rich folks hire people to pump gas at costco to save few bucks. Woweewow. Great logic. 
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on March 08, 2022, 07:14:31 PM
Yep... never understood waiting 30 minutes in line to save $3.
$3?  Have you seen the news?  Difference between my nearest costco and my nearest Chevron is $1.05/gal of regular, per the gasbuddy website.  Easily a $15 savings for a lot of people.  Even if it took 30 minutes, that's $30/hour of after tax "discretionary" income, well above median pay in this county.   

My comment was prior to the recent "Putin Spikes".

Sure... price differences between gas stations and Costco are a lot higher now which is indicative of price gouging and not actual crude oil costs but that's another subject.

But back in "normal" times, the price difference didn't seem like enough to warrant the time investment. If you have a gas rewards program and also cash back card, the difference between a Costco pump and a one that is closer to your house and no line is probably zero. This doesn't even factor in the cost of Costco membership.

I've been a Costco member for years and I've probably used their gas twice? Just not worth it to me... and I'm not a 1%er... maybe that's why... I don't invest the dimes I would save into crypto.

I go home relatively late from work because I have to commute back to Eastvale, so when I get to the Eastvale Costco at 8:30pm or so, there are very few people at the pumps and it got lots of pumps. But I wouldn't go to the one at Spectrum before heading home.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 08, 2022, 07:20:32 PM
I have a power hungry 42 foot express with a 375 gallon tank. I drop by Costco with a 25 gallon fill tank every time I pass that way at the beginning of the season. It’s kind of a game and it takes a few weeks but topping off that tank saves me around $600.00.  I think it’s a worthwhile endeavor. ;D ;D >:D

Title: Re: INFLATION IS OUR FRIEND
Post by: teddybear on March 08, 2022, 08:43:53 PM
What gets me are those that driving gas guzzler big ass luxury SUVs and penny pinch at Costco gas.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on March 08, 2022, 10:06:06 PM
What gets me are those that driving gas guzzler big ass luxury SUVs and penny pinch at Costco gas.

Yeah, if you're going to penny pinch, then driving a freaking hybrid or something.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 09, 2022, 07:08:02 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.
Quote

Well, considering this is OC forum. And it just barely reached $4.00.



…and then?…

Gas prices nudge EIGHT DOLLARS a gallon in LA as drivers form huge lines outside Costco gas stations nationwide and average prices hit all-time high of $4.25

https://www.dailymail.co.uk/news/article-10594815/Drivers-form-huge-lines-outside-Costco-gas-stations-seeking-cheaper-gas.html

Title: Re: INFLATION IS OUR FRIEND
Post by: Kenkoko on March 09, 2022, 07:14:39 PM
The focus of most talks seem off to me.

Anyone ever stop to think maybe the problem isn't gas prices going up 75 cents, but the fact that 75 cents is making so many people broke?
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on March 09, 2022, 08:40:47 PM
The focus of most talks seem off to me.

Anyone ever stop to think maybe the problem isn't gas prices going up 75 cents, but the fact that 75 cents is making so many people broke?
Half the people can save $ on gas by actually not flooring and braking in Irvine Blvd. People literally tailgate you when it turns green and a red light is right after.
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on March 09, 2022, 08:44:38 PM
F350 48 gallons capacity * 6 dollars/gallon, that's not .75 cents.
Title: Re: INFLATION IS OUR FRIEND
Post by: Kenkoko on March 09, 2022, 09:46:36 PM
F350 48 gallons capacity * 6 dollars/gallon, that's not .75 cents.

Wouldn't be that big of an issue if 64% of Americans weren't already living paycheck to paycheck.

https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756 (https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 09, 2022, 10:42:42 PM
F350 48 gallons capacity * 6 dollars/gallon, that's not .75 cents.

Wouldn't be that big of an issue if 64% of Americans weren't already living paycheck to paycheck.

https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756 (https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756)

Yah…she really shouldn’t have worn that short skirt…just ask’n for it, right?
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 09, 2022, 10:50:57 PM
It's not just gas prices that goes up when oil goes up, everything else is going to increase in price that uses oil or needs to be transported. More inflation here we come.
Title: Re: INFLATION IS OUR FRIEND
Post by: Kenkoko on March 10, 2022, 12:01:11 AM
F350 48 gallons capacity * 6 dollars/gallon, that's not .75 cents.

Wouldn't be that big of an issue if 64% of Americans weren't already living paycheck to paycheck.

https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756 (https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756)

Yah…she really shouldn’t have worn that short skirt…just ask’n for it, right?

Don't quite understand your argument / point

America gets 1% of its oil from Russia. Yet one side focuses the blame on Biden & the other side blames Russia.

Very few mentions of Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years.

Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on March 10, 2022, 12:51:10 AM
F350 48 gallons capacity * 6 dollars/gallon, that's not .75 cents.

Wouldn't be that big of an issue if 64% of Americans weren't already living paycheck to paycheck.

https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756 (https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756)

Yah…she really shouldn’t have worn that short skirt…just ask’n for it, right?

Don't quite understand your argument / point

America gets 1% of its oil from Russia. Yet one side focuses the blame on Biden & the other side blames Russia.

Very few mentions of Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years.

Just like how the gas price at the pumps jumped the past few days due to oil price shooting up and then increased again today after oil price dropped 12%.  Oil companies are crooks.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on March 10, 2022, 02:09:21 AM
F350 48 gallons capacity * 6 dollars/gallon, that's not .75 cents.

Wouldn't be that big of an issue if 64% of Americans weren't already living paycheck to paycheck.

https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756 (https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756)

Yah…she really shouldn’t have worn that short skirt…just ask’n for it, right?

Don't quite understand your argument / point

America gets 1% of its oil from Russia. Yet one side focuses the blame on Biden & the other side blames Russia.

Very few mentions of Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years.

Just like how the gas price at the pumps jumped the past few days due to oil price shooting up and then increased again today after oil price dropped 12%.  Oil companies are crooks.
This is what you call cooperate greed. Capitalism != Cooperate Greed.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 10, 2022, 08:27:59 AM
Yah...evil Oil...lets slap them with a Windfall Profit Tax...that'll show them!!  Worked great last time this happened....Uhhhh...not...Cycles gonna cycle.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 10, 2022, 08:46:26 AM
F350 48 gallons capacity * 6 dollars/gallon, that's not .75 cents.

Wouldn't be that big of an issue if 64% of Americans weren't already living paycheck to paycheck.

https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756 (https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756)

Yah…she really shouldn’t have worn that short skirt…just ask’n for it, right?

Don't quite understand your argument / point

America gets 1% of its oil from Russia. Yet one side focuses the blame on Biden & the other side blames Russia.

Very few mentions of Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years.



It's easy to blame the victim for the predicament they find themselves in (In  your case that 64% of Americans).  Oil companies live on a spread.  I don't recall everyone aghast at oil profits when a barrel went for -$35.00.  What drops in your tank has a significant lag from where XOM paid for it at the well head a month or two ago....hence the significant and probably temporary jump in near term profits.  It will catch up and equalize,  but it really doesn't matter what oil is trading for, the spread will always be there and the oil company will pretty much always make money.  That is their responsibility to shareholders. (Me and my clients, you and your 401k)
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on March 10, 2022, 08:53:19 AM
The focus of most talks seem off to me.

Anyone ever stop to think maybe the problem isn't gas prices going up 75 cents, but the fact that 75 cents is making so many people broke?

UBI!! :)
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 10, 2022, 09:56:29 AM
Russia!, Russia! ...Russia!!! I knew they would never let that mantra go....same old BS line....

It's all Vlad's fault! Biden blames PUTIN for 7.9% inflation – the highest in 40 years – even though Russia only invaded Ukraine four days before the end of the month being measured
US Consumer Price Index rose 7.9 percent in February from a year ago, the most since June 1982
Biden blamed Vladimir Putin, thought the latest report does not capture the full impact of Russia's invasion
Soaring prices are affecting food, clothing, shelter and other basic necessities for regular Americans
Gasoline has continued to skyrocket since the February report, suggesting inflation will only get worse
It is adding to political pressure on Biden and congressional Democrats ahead of the key midterms

https://www.dailymail.co.uk/news/article-10598083/Americans-face-HIGHER-prices-consumer-inflation-increasing-7-9-percent-February.html

Title: Re: INFLATION IS OUR FRIEND
Post by: Kenkoko on March 10, 2022, 10:23:48 AM
The focus of most talks seem off to me.

Anyone ever stop to think maybe the problem isn't gas prices going up 75 cents, but the fact that 75 cents is making so many people broke?

UBI!! :)

Finally someone gets me. Thank you IHO!

Morekaos invoking rape references had me questioning my sanity.
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on March 10, 2022, 11:06:59 AM
The focus of most talks seem off to me.

Anyone ever stop to think maybe the problem isn't gas prices going up 75 cents, but the fact that 75 cents is making so many people broke?

UBI!! :)

Finally someone gets me. Thank you IHO!

Morekaos invoking rape references had me questioning my sanity.

My hubby went to see an irvine co property and they told him to be sure to enter the drawing for 4 disneyland tix. We won and when he went to pick them up they said they only had a dozen entries.

In 1989 there were fist fights to buy Almeria homes in Tustin Ranch. lol!
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 10, 2022, 11:31:27 AM
Santelli is saying what I said a year ago would happen...

CNBC’s Rick Santelli tore this administration a new one because of their excuses (none of which include agreeing that Biden deserves some of the blame):

CNBC’s Rick Santelli highlights Biden’s ever-changing excuses on #Bidenflation.

“First it was transitory, then inflation is good, then we went to corporate greed, now we're at Putin.”

https://twitter.com/i/status/1501915560531185666
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 10, 2022, 01:39:46 PM
Santelli is saying what I said a year ago would happen...

CNBC’s Rick Santelli tore this administration a new one because of their excuses (none of which include agreeing that Biden deserves some of the blame):

CNBC’s Rick Santelli highlights Biden’s ever-changing excuses on #Bidenflation.

“First it was transitory, then inflation is good, then we went to corporate greed, now we're at Putin.”

https://twitter.com/i/status/1501915560531185666

Uhhh nope nice try....we have the inflation that we do because of the FED being too loose and all the trillions and trillions of gov't cheese.
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on March 10, 2022, 02:17:32 PM
The focus of most talks seem off to me.

Anyone ever stop to think maybe the problem isn't gas prices going up 75 cents, but the fact that 75 cents is making so many people broke?

UBI!! :)

Finally someone gets me. Thank you IHO!

Pandemic UBI was an epic fail, as predicted.  A lot of the problems we are having now are the knock off effects of people refusing to work in lieu of free government money.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 10, 2022, 02:32:14 PM
The focus of most talks seem off to me.

Anyone ever stop to think maybe the problem isn't gas prices going up 75 cents, but the fact that 75 cents is making so many people broke?

UBI!! :)

Finally someone gets me. Thank you IHO!

Pandemic UBI was an epic fail, as predicted.  A lot of the problems we are having now are the knock off effects of people refusing to work in lieu of free government money.

Don't worry, their lazy asses will get back to work as soon as the gov't cheese is spent and there's no more given out.
Title: Re: INFLATION IS OUR FRIEND
Post by: Kenkoko on March 10, 2022, 02:32:54 PM
Pandemic UBI was an epic fail, as predicted.  A lot of the problems we are having now are the knock off effects of people refusing to work in lieu of free government money.

Except the  "Pandemic UBI" was no where near a real UBI.

It was not universal, not deficit neutral, not based on a consumption tax, as Yang proposed.

Drawing the parallel of stimulus to UBI is pretty ridiculous. It's like saying Serena Williams plays tennis, and so do I.

A lot of the problems we are having now are the results of Fed's loose fiscal policy.

Not because of the lack of limitless supply of people willing to work for $2.13 an hour plus tips.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on March 10, 2022, 03:31:02 PM
The focus of most talks seem off to me.

Anyone ever stop to think maybe the problem isn't gas prices going up 75 cents, but the fact that 75 cents is making so many people broke?

UBI!! :)

Finally someone gets me. Thank you IHO!

Pandemic UBI was an epic fail, as predicted.  A lot of the problems we are having now are the knock off effects of people refusing to work in lieu of free government money.

Don't worry, their lazy asses will get back to work as soon as the gov't cheese is spent and there's no more given out.
https://ktla.com/news/california/newsom-wants-to-send-money-to-californians-to-help-with-record-high-gas-prices/

California looking to give people money to alleviate the recent surge in gas prices. Though it's not finalized.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 10, 2022, 11:20:03 PM
The focus of most talks seem off to me.

Anyone ever stop to think maybe the problem isn't gas prices going up 75 cents, but the fact that 75 cents is making so many people broke?

UBI!! :)

Finally someone gets me. Thank you IHO!

Pandemic UBI was an epic fail, as predicted.  A lot of the problems we are having now are the knock off effects of people refusing to work in lieu of free government money.

Don't worry, their lazy asses will get back to work as soon as the gov't cheese is spent and there's no more given out.
https://ktla.com/news/california/newsom-wants-to-send-money-to-californians-to-help-with-record-high-gas-prices/

California looking to give people money to alleviate the recent surge in gas prices. Though it's not finalized.

OMG, what a bunch of morons...stop already with the free handouts. If they want to do something to help, cut the damn gas tax (even if temporarily) which is one of the highest in the state.  Gasoline is way cheaper in Nevada and Arizona and that's almost entirely due to taxes. 
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 11, 2022, 08:36:14 AM
...and how does the boy king propose they dole out this government largesse?  Do we all have to show receipts or will he income adjust the distribution to be "fair" , or will he just drop cash from helicopters on the poorer areas....what a d-bag!!! Total stunt because he begrudgingly has to give back taxpayer money and he wants some political credit for the election. ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: The California Court Company on March 11, 2022, 08:48:07 AM
robbing Peter to pay Paul...subsidize gas but the tax payers have to pay more in other ways...

The focus of most talks seem off to me.

Anyone ever stop to think maybe the problem isn't gas prices going up 75 cents, but the fact that 75 cents is making so many people broke?

UBI!! :)

Finally someone gets me. Thank you IHO!

Pandemic UBI was an epic fail, as predicted.  A lot of the problems we are having now are the knock off effects of people refusing to work in lieu of free government money.

Don't worry, their lazy asses will get back to work as soon as the gov't cheese is spent and there's no more given out.
https://ktla.com/news/california/newsom-wants-to-send-money-to-californians-to-help-with-record-high-gas-prices/

California looking to give people money to alleviate the recent surge in gas prices. Though it's not finalized.

OMG, what a bunch of morons...stop already with the free handouts. If they want to do something to help, cut the damn gas tax (even if temporarily) which is one of the highest in the state.  Gasoline is way cheaper in Nevada and Arizona and that's almost entirely due to taxes.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 11, 2022, 10:11:42 AM
Isn't this the same career bureaucrat that assured us just a few months ago that inflation was just "temporary"  and "transitory"?  This is the person in charge of our money supply...Does anyone in this administration know what they are doing?

Treasury secretary warns of ‘very uncomfortably high’ inflation for next year

Treasury Secretary Janet Yellen warned that Americans should expect to continue paying increased prices on everyday goods for the next year, offering a reversal from her previous forecast that record-high inflation would soon subside. The main culprit, she told CNBC’s “Closing Bell” on Thursday, was Russia’s war against Ukraine. Ms. Yellen‘s claim that Russian President Vladimir Putin is to blame for America’s inflation woes echoes that of the Biden administration writ large, which has received criticism for dubbing the phrase “Putin’s price hike.” “I think there’s a lot of uncertainty that is related to what’s going on with Russia in Ukraine,” Ms. Yellen said on the network.

https://www.washingtontimes.com/news/2022/mar/11/treasury-secretary-janet-yellen-warns-very-uncomfo/

Before she "evolved"...astonishing incompetence...

Yellen says high inflation is temporary.

Oct 25, 2021

During an interview aired on Friday’s broadcast of CNN’s “Situation Room,” Treasury Secretary Janet Yellen said that she still thinks inflation is “temporary, although, I don’t mean just a matter of a month or two.” And “by the second half of the year, annual inflation rates will begin to decline toward their more normal level of around 2%.”

Yellen said, “I still would say it’s temporary, although, I don’t mean just a matter of a month or two. Although, monthly inflation rates are — have substantially declined from where they were just four or five months ago. But what we’re really seeing is the impact of the COVID pandemic has severely disrupted economic activity. It’s hugely boosted spending on products, on goods and diminished spending on services. It’s created an enormous demand for semiconductors and these supplies, although they’ve increased, are — have encountered bottlenecks and it’s really caused some inflationary increase in recent months. As people get back to work, as we defeat the pandemic, and as demand shifts back to services and as supply has a chance to adjust, I believe that price increases will normalize and we’ll see lower monthly inflation rates, I think, by the second half of the year, annual inflation rates will begin to decline toward their more normal level of around 2%.”
Title: Re: INFLATION IS OUR FRIEND
Post by: akula1488 on March 11, 2022, 10:23:27 AM
Inflation? Just look at the damn map (of Europe)
https://twitter.com/RNCResearch/status/1502301540962476032?t=864ud69fXUjAe3J98NAXKg&s=19
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 11, 2022, 10:50:09 AM
...the option to override automatic detonation has expired.... ;D ;D >:D

Title: Re: INFLATION IS OUR FRIEND
Post by: keilbros on March 11, 2022, 02:11:06 PM
If you guys can't afford gas! Just buy an electric vehicle!

https://www.foxnews.com/media/tomi-lahren-kamala-harris-pete-buttigieg-oil-electric-cars

These guys are smoking some crack. If they can't afford $100 for a gas tank of gas, how they going to afford $40k for the base level Tesla Model 3? or even $27k for the lowest price Nissan Leaf? I guess maybe they can bike to work and lose a few pounds...
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on March 11, 2022, 07:21:28 PM
F350 48 gallons capacity * 6 dollars/gallon, that's not .75 cents.

Wouldn't be that big of an issue if 64% of Americans weren't already living paycheck to paycheck.

https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756 (https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756)

Yah…she really shouldn’t have worn that short skirt…just ask’n for it, right?

Don't quite understand your argument / point

America gets 1% of its oil from Russia. Yet one side focuses the blame on Biden & the other side blames Russia.

Very few mentions of Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years.



Same amount of oil being produced today as a month ago.

Same amount of oil being consumed.

Only difference is the speculators.
Title: Re: INFLATION IS OUR FRIEND
Post by: sleepy5136 on March 11, 2022, 08:04:00 PM
If you guys can't afford gas! Just buy an electric vehicle!

https://www.foxnews.com/media/tomi-lahren-kamala-harris-pete-buttigieg-oil-electric-cars

These guys are smoking some crack. If they can't afford $100 for a gas tank of gas, how they going to afford $40k for the base level Tesla Model 3? or even $27k for the lowest price Nissan Leaf? I guess maybe they can bike to work and lose a few pounds...
Auto loans doesn’t require income check. Interest rates are still low.
Title: Re: INFLATION IS OUR FRIEND
Post by: Sidehussle on March 11, 2022, 08:52:34 PM
If you guys can't afford gas! Just buy an electric vehicle!

https://www.foxnews.com/media/tomi-lahren-kamala-harris-pete-buttigieg-oil-electric-cars

These guys are smoking some crack. If they can't afford $100 for a gas tank of gas, how they going to afford $40k for the base level Tesla Model 3? or even $27k for the lowest price Nissan Leaf? I guess maybe they can bike to work and lose a few pounds...
Auto loans doesn’t require income check. Interest rates are still low.

This assumes the borrower qualifies for the low rate.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 11, 2022, 09:02:20 PM
Inflation? Just look at the damn map (of Europe)
https://twitter.com/RNCResearch/status/1502301540962476032?t=864ud69fXUjAe3J98NAXKg&s=19

I guess it can always we be worse and we shouldn't complain even with $6 gas as Europe is getting pounded 3 ways on oil, electric, and natural gas costs. 
Title: Re: INFLATION IS OUR FRIEND
Post by: Kenkoko on March 12, 2022, 01:10:50 AM
F350 48 gallons capacity * 6 dollars/gallon, that's not .75 cents.

Wouldn't be that big of an issue if 64% of Americans weren't already living paycheck to paycheck.

https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756 (https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1646833756)

Yah…she really shouldn’t have worn that short skirt…just ask’n for it, right?

Don't quite understand your argument / point

America gets 1% of its oil from Russia. Yet one side focuses the blame on Biden & the other side blames Russia.

Very few mentions of Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years.



Same amount of oil being produced today as a month ago.

Same amount of oil being consumed.

Only difference is the speculators.

It's unfortunate most people don't know it's the speculators gaming the oil future.

The laws of supply and demand no longer applied in the oil markets. Instead, an artificial market developed & artificial markets are extremely volatile

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 14, 2022, 09:41:08 AM
R U Going To Blame Putin For Everything?....the short answer?...Yes! ;D ;D >:D

Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on March 18, 2022, 11:50:25 AM
Get ready for more of the transitory stuff!!!

The World’s Biggest Commodities Markets Are Starting to Seize Up
It’s getting harder to deal in some of the world’s most important commodities as everything from geopolitical turmoil to exchange snafus prompt traders to rush for the exits, rapidly draining liquidity.

Prices of materials like crude, gas, wheat and metals have become alarmingly erratic as a gulf emerges between buyers and sellers who are facing big financing strains. Markets have been roiled on fears about Russia’s invasion of Ukraine constraining commodities flows, though in many cases rallies were quickly followed by a drop in prices.

The London Metal Exchange’s embarrassing weeklong suspension of nickel trading is an example of a market grinding to a halt after extreme price moves. Liquidity is nonexistent as some dealers try to close positions amid a glitchy reopening of trade in the critical metal.

Merchants are finding it harder to snap up any cheap cargoes because of huge margin calls and credit line caps.


https://www.bloomberg.com/news/articles/2022-03-18/the-world-s-biggest-commodities-markets-are-starting-to-seize-up
Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on March 18, 2022, 08:37:25 PM
So is the stock market tanking on an inflation-adjusted basis?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 22, 2022, 10:45:34 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.

This is what happens when you artificially raise wages with a $15.00 minimum wage for flipping a burger or washing a dish...Wage is a key component of inflation itself...self inflicted wound there...That's a shark!!

California grocery workers vote on strike authorization
Thousands of southern and central California grocery workers have started voting on whether to authorize their union to call a strike against several major supermarket chains

The union said the next day that the companies' wage proposal amounted to a 60-cent increase that was “shockingly low” and well below workers' cost-of-living needs. Employees were asking for a $5-an-hour raise, among other proposals.

https://abcnews.go.com/Health/wireStory/california-grocery-workers-vote-strike-authorization-83588920

Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on March 22, 2022, 05:48:26 PM
Largest California Refinery Hit With Strike Amid Record-High Gas Prices

TUESDAY, MAR 22, 2022 - 04:05 PM
Hundreds of Chevron Corp. refinery workers in the San Francisco Bay Area went on strike Monday following a breakdown in talks between the oil major and the United Steelworkers (USW) union on a contract agreement.

At least 500 workers at a gasoline, diesel, jet fuel, and lubricating oils refinery owned by Chevron in the San Francisco Bay Area city of Richmond began striking at local time 12.01 am, the union said in a statement. According to AP News, this followed USW workers voting down a contract offer from Chevron and the company refusing to return to the bargaining table.


If high price at the pump makes you queasy now, the incoming strike with spring fling driving season will make California gas prices woopie. Will that curb driving further?

Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 22, 2022, 07:54:09 PM
Largest California Refinery Hit With Strike Amid Record-High Gas Prices

TUESDAY, MAR 22, 2022 - 04:05 PM
Hundreds of Chevron Corp. refinery workers in the San Francisco Bay Area went on strike Monday following a breakdown in talks between the oil major and the United Steelworkers (USW) union on a contract agreement.

At least 500 workers at a gasoline, diesel, jet fuel, and lubricating oils refinery owned by Chevron in the San Francisco Bay Area city of Richmond began striking at local time 12.01 am, the union said in a statement. According to AP News, this followed USW workers voting down a contract offer from Chevron and the company refusing to return to the bargaining table.


If high price at the pump makes you queasy now, the incoming strike with spring fling driving season will make California gas prices woopie. Will that curb driving further?



Traffic is horrible out there, even worse than before COVID.  I've wondered to myself sitting in traffic in the middle of the day....shouldn't these people be working either at home or the office?  What gives?
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on March 22, 2022, 08:04:01 PM
Largest California Refinery Hit With Strike Amid Record-High Gas Prices

TUESDAY, MAR 22, 2022 - 04:05 PM
Hundreds of Chevron Corp. refinery workers in the San Francisco Bay Area went on strike Monday following a breakdown in talks between the oil major and the United Steelworkers (USW) union on a contract agreement.

At least 500 workers at a gasoline, diesel, jet fuel, and lubricating oils refinery owned by Chevron in the San Francisco Bay Area city of Richmond began striking at local time 12.01 am, the union said in a statement. According to AP News, this followed USW workers voting down a contract offer from Chevron and the company refusing to return to the bargaining table.


If high price at the pump makes you queasy now, the incoming strike with spring fling driving season will make California gas prices woopie. Will that curb driving further?



Traffic is horrible out there, even worse than before COVID.  I've wondered to myself sitting in traffic in the middle of the day....shouldn't these people be working either at home or the office?  What gives?

Just got back from Phoenix.  Monday road traffic on I10 looked like a Thanksgiving weekend rush pre-pandemic.  Major notable difference was one lane was almost bumper to bumper semis in both directions the from Indio to Buckeye.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on March 22, 2022, 09:18:46 PM
Largest California Refinery Hit With Strike Amid Record-High Gas Prices

TUESDAY, MAR 22, 2022 - 04:05 PM
Hundreds of Chevron Corp. refinery workers in the San Francisco Bay Area went on strike Monday following a breakdown in talks between the oil major and the United Steelworkers (USW) union on a contract agreement.

At least 500 workers at a gasoline, diesel, jet fuel, and lubricating oils refinery owned by Chevron in the San Francisco Bay Area city of Richmond began striking at local time 12.01 am, the union said in a statement. According to AP News, this followed USW workers voting down a contract offer from Chevron and the company refusing to return to the bargaining table.


If high price at the pump makes you queasy now, the incoming strike with spring fling driving season will make California gas prices woopie. Will that curb driving further?



Traffic is horrible out there, even worse than before COVID.  I've wondered to myself sitting in traffic in the middle of the day....shouldn't these people be working either at home or the office?  What gives?

Traffic had been horrible since late last year. Traffic jam on 241 north in the evening even.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 23, 2022, 08:43:04 AM
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.”


Funerer and funerer!!... ;D ;D >:D

Los Angeles becomes the first US city to hit average gas price of $6 per gallon: Fuel costs continue to soar on the West Coast while they level off in the rest of the country
Gas in Los Angeles hit a record high of $6.011 per gallon on Tuesday
It is the highest recorded average gas price for a major US city, experts say
Gasoline continues to soar on the West Coast, particularly in California
However, the US average has leveled off from this month's record highs

https://www.dailymail.co.uk/news/article-10641909/Los-Angeles-major-city-reach-6-average-gas-prices.html
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 23, 2022, 12:18:42 PM
I often compare the position we are in to the late 1970’s and the Carter administration who was dealing with runaway inflation, a world on the brink of war, energy price spikes and an attempt to wean our economy off of oil addiction and a green new future….watch President Carter in his July 15, 1979 speech addressing these very problems.  I encourage you to watch the whole thing but pay close attentions at 24:30 seconds.  That is the point where the “Windfall Profits Tax”  was proposed on oil companies to pay for a “solar Bank”.  The administration then as now was (I am sure with the best of intentions) searching for reasons for high gas prices and the energy industry was an easy punching bag.


Now, watch that same government, just two weeks ago (March 8, 2022)  reach into that bowl one more time.  This time, proposing not just the same tax on the same industry but using the exact same name. 


Two moments in time separated by almost exactly 43 years…Astonishing…who says history never repeats?  What happened after was the tax was a disatster and later repealed. (it actually cut production and raised prices more, but why learn from past mistakes?) and the country saw interest rates rise and a recession ensued…a cycle.
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on March 23, 2022, 12:50:40 PM
One notable difference, there wasn’t a pandemic and our national debts was a non issues. When you have this high of a debts as we are now, couple with double digits inflation, and a nuclear threats of war. Putin laid that on the table. It’s a road we have not gone down before. Abyss! Unless we follow Senator Graham advise.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 23, 2022, 01:08:48 PM
One notable difference, there wasn’t a pandemic and our national debts was a non issues. When you have this high of a debts as we are now, couple with double digits inflation, and a nuclear threats of war. Putin laid that on the table. It’s a road we have not gone down before. Abyss! Unless we follow Senator Graham advise.

I disagree...the debt was an issue, just not as big. (add a few inflationary zeros and the gas prices were in the .30-.90 cent range)   Also the war in middle east and the Iran hostage situation had us on the brink of all out war and several proxy wars.   It can be argued easily that things were worse in either decade but not markedly different.
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on March 23, 2022, 02:08:47 PM
One notable difference, there wasn’t a pandemic and our national debts was a non issues. When you have this high of a debts as we are now, couple with double digits inflation, and a nuclear threats of war. Putin laid that on the table. It’s a road we have not gone down before. Abyss! Unless we follow Senator Graham advise.

I disagree...the debt was an issue, just not as big. (add a few inflationary zeros and the gas prices were in the .30-.90 cent range)   Also the war in middle east and the Iran hostage situation had us on the brink of all out war and several proxy wars.   It can be argued easily that things were worse in either decade but not markedly different.

But the people's view of what the government's role in propping things up has changed. Counterproductive to fighting inflation is handing out money.

During the 70's social security increases were big, something not seen in many many years. A few big raises with more people receiving benefits is only going to make matters worse. Plus these raises are not going to keep up with inflation at all and medicare premiums are going to eat away what increase old people get anyway. Not lost on legislatures is that seniors vote.

While Powell tries to quelch inflation, the government is going to do it's best to buy votes.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on March 23, 2022, 03:22:14 PM
So what broke the back of inflation back in the 80s?  Was it the high interest rates or was it the recession or both?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 23, 2022, 03:26:02 PM
Higher interest rates lead to recessions that break inflation. It’s a classic business cycle. Each has different velocities and specifics but all follow the same path.
Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on March 23, 2022, 03:39:36 PM
So what broke the back of inflation back in the 80s?  Was it the high interest rates or was it the recession or both?

Both.
Aerospace was really bad in the late 70s and hurt our local economy but Volker didn't raise rates for years after that.

I remember that recession just being bad bad bad. Lots of big name stores went under.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 23, 2022, 04:42:03 PM
This one will be the kill shot for many. Sears, Kmart,…maybe Best Buy. ;D ;D >:D

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 23, 2022, 04:49:38 PM


While Powell tries to quelch inflation, the government is going to do it's best to buy votes.

Here is todays offer from the Boy King….

Newsom makes offer on gas rebate: $400 per registered vehicle
Any relief is subject to negotiation with the Legislature and will likely arrive months from now through the state budget.

https://www.ocregister.com/2022/03/23/gov-newsom-makes-his-offer-on-gas-tax-rebate/amp/
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 23, 2022, 05:08:51 PM
…and don’t forget your congressman…breathtakingly stupid!…

Stimulus checks for high gas prices? Here’s how it could happen

A group of Democratic lawmakers are looking to ease the burden on American motorists who are saddled with higher gas prices by offering another round of stimulus checks.

House Reps. Mike Thompson of California, John Larson of Connecticut and Lauren Underwood of Illinois are co-sponsoring a bill that would authorize $100 monthly energy rebates for any month this year in which the national average gas price exceeded $4 per gallon.

https://nypost.com/2022/03/23/stimulus-checks-for-high-gas-prices-heres-how-it-could-happen/
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on March 25, 2022, 08:47:15 AM
...and  current fumbling of this issue has come back to bite us...Brandon had to reverse it and create the mess the free world finds itself in... what about those foreign policy chops, unification calmness and respect?...Can I say "I told you so" yet?

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.


Well...waddda yah know?...he was right again!!!....

EU strikes gas deal with the U.S. as it seeks to cut its reliance on Russia

U.S. President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint task force to bolster energy security for Ukraine and the EU for next winter and the following one.
The primary goals of the task force, the U.S. and EU said in a joint statement, would be to diversify LNG supplies in alignment with climate objectives and reduce demand for natural gas.
It comes amid heightened concern that energy-importing countries continue to top up President Vladimir Putin’s war chest with oil and gas revenue on a daily basis.

https://www.cnbc.com/2022/03/25/eu-strikes-gas-deal-with-the-us-as-it-seeks-to-cut-its-reliance-on-russia.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on April 12, 2022, 09:03:30 AM
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)

Boy, do I hate being right all the time.... ;D ;D >:D

Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981


Headline CPI in March rose by 8.5% from a year ago, the fastest annual gain since December 1981 and one-tenth of a percentage point above the estimate.
Surging food, energy and shelter costs helped account for the gain.
Real worker earnings fell by another 0.8% during the month as the cost of living outpaced otherwise strong pay gains.

https://www.cnbc.com/2022/04/12/consumer-prices-rose-8point5percent-in-march-slightly-hotter-than-expected.html

At least 5 shot, 8 injured in NYC subway station; manhunt underway for suspect

https://www.cnbc.com/2022/04/12/multiple-shot-in-nyc-subway-station-several-undetonated-devices-found-officials-say.html

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on April 12, 2022, 09:43:20 AM
They will be wrong about this too....

White House Expects More Inflation, Not Recession

“Perhaps we will be fortunate and there will be sufficiently rapid adjustments in commodity prices and other bottlenecks that will make that not happen. Perhaps the Fed will be extraordinarily skillful,” Summers said before outlining those options.

“But it's not going to be easy,” he concluded, “starting from where we are.”

https://www.realclearpolitics.com/articles/2022/04/12/white_house_expects_more_inflation_not_recession_147457.html
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on April 12, 2022, 01:04:00 PM
They will be wrong about this too....

White House Expects More Inflation, Not Recession

“Perhaps we will be fortunate and there will be sufficiently rapid adjustments in commodity prices and other bottlenecks that will make that not happen. Perhaps the Fed will be extraordinarily skillful,” Summers said before outlining those options.

“But it's not going to be easy,” he concluded, “starting from where we are.”

https://www.realclearpolitics.com/articles/2022/04/12/white_house_expects_more_inflation_not_recession_147457.html

It only took two brutal recessions to tamp down 10%+ inflation in the 1980's.  What could possibly go wrong this time?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on April 12, 2022, 01:09:14 PM
They will be wrong about this too....

White House Expects More Inflation, Not Recession

“Perhaps we will be fortunate and there will be sufficiently rapid adjustments in commodity prices and other bottlenecks that will make that not happen. Perhaps the Fed will be extraordinarily skillful,” Summers said before outlining those options.

“But it's not going to be easy,” he concluded, “starting from where we are.”

https://www.realclearpolitics.com/articles/2022/04/12/white_house_expects_more_inflation_not_recession_147457.html

It only took two brutal recessions to tamp down 10%+ inflation in the 1980's.  What could possibly go wrong this time?

Denial is certainly not a river in Egypt but it also has proved a losing strategy for Brandon so I am not sure why they are sticking with it...Oh well...
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on April 15, 2022, 10:56:23 AM
Inflation is about to explode…now that this (Nobel prize winning) fool says it won’t…. ;D ;D >:D

Paul Krugman: Inflation is about to come down

The inflation report for March came in hot, as expected: Consumer prices are up 8.5 percent over the past year. But more than two years into the pandemic, we’re still living on COVID time, where things can change very fast — so fast that official data, even about the recent past, can give a misleading picture of what’s happening now.

In this case, the consumer price index — which roughly speaking measures average prices over the month — probably missed a downward turn that began in late March and is accelerating as you read this. Inflation will probably fall significantly over the next few months.

https://www.berkshireeagle.com/opinion/columnists/paul-krugman-inflation-is-about-to-come-down-but-don-t-get-too-excited/article_e873cfea-ba9f-11ec-b933-9baed88e0d60.html
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on April 15, 2022, 12:00:11 PM
I use to think poorly of krugman, but over the past 15 years, something changed.
It was something simple.

He thought governments should print more money to fight off depression/recession.
We actually did that with QE back in 2010..

Perhaps I live too high in my ivory tower, but the government printing of all that money was a success in my eyes.
Maybe it will now come to bite us...but dam 12 years of prosperity is pretty nice.

So Krugman may actually deserve his NOBEL.


Someone who did poorly in the past 12 years would not be as impressed.
Title: Re: INFLATION IS OUR FRIEND
Post by: Kenkoko on April 15, 2022, 12:28:04 PM
I use to think poorly of krugman, but over the past 15 years, something changed.
It was something simple.

He thought governments should print more money to fight off depression/recession.
We actually did that with QE back in 2010..

Perhaps I live too high in my ivory tower, but the government printing of all that money was a success in my eyes.
Maybe it will now come to bite us...but dam 12 years of prosperity is pretty nice.

So Krugman may actually deserve his NOBEL.


Someone who did poorly in the past 12 years would not be as impressed.

Paul Krugman became a lightning rod for criticism because he openly shills for the Democratic establishment.

This is something that a pure academic rarely does, especially rare for a Nobel prize winner.

And to make it worse, he often goes outside the area of his expertise to make predictions. (His expertise is in International Trade)

He's very wrong on a lot of his predictions.

His famous quote in 1998 - "By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's." is just ridiculously wrong.

In 2013, he was very skeptical of Bitcoin's future of being a real store of money, going as far as calling it "evil"  :o

That was when Bitcoin was trading in the $50-$200 range. Today, it's over $40000.

He was repeatedly wrong on housing, predicting the recent home price rise to be "very mild"

And he's wrong on the current inflation problem.

To me, Paul Krugman is a clear example of why hyper partisanship is terrible.
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on April 25, 2022, 10:56:26 AM
So is it really just inflation... or inflated prices to increase profit margins?

https://www.cbsnews.com/news/retail-price-gouging-lowes-amazon-target-accountable-us/

Quote
Companies such as CVS Health, Kroger and T.J. Maxx parent company TJX appear to have raised their prices unnecessarily in 2020 and 2021 at a time when Americans were dealing with the economic fallout from the coronavirus pandemic, Accountable.US said in a new report. Instead of keeping prices stable for struggling families, corporations have overcharged Americans and prioritized profit, the group claims.

Accountable.US said it examined the financial statements of the nation's top 10 retailers over the past two years — including Lowe's and Target — and found that they collectively increased their profits by $24.6 million for a grand total of $99 billion.The new figures comes as companies enjoy their most profitable year since the 1950s. Pre-tax profits last year soared 25% from 2020, far outpacing the increase in consumer prices.

The report highlights an ongoing debate about the causes of inflation, with some consumer advocates arguing that corporations are using inflation as a justification for passing on even higher price hikes to consumers.

Now I haven't vetted these numbers (morekaos style) but based on recent price-gouging at the gas pump... it seems like this has some truth to it. I also hear multiple news reports about these wage increases workers are asking for because their companies are making larger profits over the last 2 years.

Even the smaller mom/pop places seem to be upcharging more than their actual cost increase.. but how would I know.

Maybe some business owners here will be transparent and share. :)
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on April 25, 2022, 12:10:33 PM
am i price gouging my customers?
yes
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on April 25, 2022, 12:39:16 PM
Is Elon Musk gouging his customers?....Yes! ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on April 25, 2022, 12:43:40 PM
Is Elon Musk gouging his customers?....Yes! ;D ;D >:D

This is true. There are several articles asking Tesla to explain their earnings report because their profit margins are higher than previous ones.

But the point is, it's not just Tesla.
Title: Re: INFLATION IS OUR FRIEND
Post by: Kenkoko on April 25, 2022, 01:02:21 PM
This is true. There are several articles asking Tesla to explain their earnings report because their profit margins are higher than previous ones.

But the point is, it's not just Tesla.

It's definitely not just Tesla. Really felt the price hikes in almost everything during spring break. From car rentals to Airbnb to Thai massages. And on top of price hikes, there were low availabilities too.

In Tesla's defense, their operations have become very efficient.

Tesla had lower operating expenses in Q1 than Rivian posted in Q4, despite 375X higher revenue.

Revenues:
TSLA - $18.8B
RIVN - $0.05B

Operating Expenses:
TSLA - $1.9B
RIVN -$2.1B

Some people still think of Tesla as a semi startup due to low # of total cars delivered. But vs a real startup like Rivian, you can see how efficient Tesla has become.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on April 25, 2022, 01:23:43 PM
Much like Tesla, I'm the only game in town that actually has product.

You gotta pay me if you want your goods in a timely manner.
With Shanghai locked down and Beijing testing massively....I foresee higher prices.



Maybe Jerome can cause a recession to cool inflation.  My warehouse is only 30% full.


My customers are treating current times like back when Costco had no TP inventory.
They are stocking up bigly.
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on April 25, 2022, 03:46:40 PM
Some people still think of Tesla as a semi startup due to low # of total cars delivered. But vs a real startup like Rivian, you can see how efficient Tesla has become.

For sure... morekaos is the one still having doubts. :)

Much like Tesla, I'm the only game in town that actually has product.

You gotta pay me if you want your goods in a timely manner.

I get this... and like Tesla, it's the consumers who have to decide to pay or not.

But for goods that are necessary items like gas, food, etc... this needs to be tempered. But like Irvine home prices... people just keep paying.

Quote
They are stocking up bigly.

I just wanted to quote this because we know where funny things like this comes from.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on April 27, 2022, 12:28:03 PM
Yes!! this should help...brilliant!.... ;D ;D >:D

Schumer Says the “Only Way” to Reduce Inflation Caused by Biden and Democrats is to Raise Taxes

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on April 28, 2022, 09:11:49 AM
And now the best of all worlds STAGFLATION!!...And this is the brain trust in charge?  Wrong in the past, unfortunately will be wrong in dealing with it too...

See If You Can Follow Yellen’s Bouncing Inflation Ball

Let’s look at what Yellen has claimed about inflation since early last year and the actual results.

February 2021: “I’ve spent many years studying inflation and worrying about inflation, and I can tell you, we have the tools to deal with that risk if it materializes.”
March 2021: “I don’t think it’s a significant risk. And if it materializes, we’ll certainly monitor for it, but we have tools to address it.”
May 2021: “I don’t think there’s going to be an inflationary problem, but if there is, the Fed can be counted on.”
June 2021: “Supply bottlenecks have developed that have caused inflation. I believe that they’re transitory, but that doesn’t mean they’ll go away over the next several months.”
October 2021: “I don’t think we’re about to lose control of inflation.”
November 2021: “If we want to get inflation down, I think continuing to make progress against the pandemic is the most important thing we can do.”
January 2022: “If we’re successful in controlling the pandemic, I expect inflation to diminish over the course of the year and hopefully revert to normal levels by the end of the year around 2%.”
February 2022: “I think people heard ‘transitory,’ and to them it meant a couple of months. Maybe a better word could have been chosen.”
March 2022: “We’re likely to see another year in which 12-month inflation numbers remain very uncomfortably high.”

Keep in mind who we are talking about here. Yellen has a sterling resume. A doctorate in economics from Yale. Professorships at Harvard and the University of California, Berkeley. On the faculty of the London School of Economics. President of the Western Economic Association and vice president of the American Economic Association. Head of the Council of Economic Advisors under President Bill Clinton. President of the Federal Reserve Bank of San Francisco. Chairwoman of the Federal Reserve.

https://issuesinsights.com/2022/04/27/see-if-you-can-follow-yellens-bouncing-inflation-ball/
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on May 05, 2022, 12:26:16 PM
Their policy causing "unintended consequences" in trying to "avoid" an economic downturn caused by those very policies...its a circle jerk of idiots...and yet she still is in charge...astonishing...

Janet Yellen Admits Biden’s Spending “Did Feed” Inflation

President Joe Biden’s $1.9 trillion American Rescue Plan did contribute to inflation, Treasury Secretary Janet Yellen conceded on Wednesday.

Speaking in an interview with Matt Murray, editor-in-chief of The Wall Street Journal, the former head of the Federal Reserve admitted that the White House’s enormous spending had played a role in today’s inflationary environment, adding that it was “justified” due to the various economic risks.

“So, look, inflation is a matter of demand and supply, and the spending that was undertaken in the American Rescue Plan did feed demand,” she said.

She added that today’s 40-year high inflation was an unintended consequence of the Biden administration attempting to avoid a sharp economic downturn and facilitate full employment.

https://www.nationandstate.com/2022/05/05/janet-yellen-admits-bidens-spending-did-feed-inflation/
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on May 05, 2022, 01:16:23 PM
Where is the whackamole. Oh equities market is where cinco de mayo
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on May 05, 2022, 03:17:29 PM
It should be Sinko De Mayo
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on May 10, 2022, 09:09:31 AM
So we keep talking about US inflation... what about the rest of the world?

https://worldpopulationreview.com/country-rankings/inflation-rate-by-country

Doesn't seem too bad for us comparatively.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on May 10, 2022, 09:46:26 AM
...in relation to these countries?  They are and have always been "S**t-holes" (certainly relative to inflation)...who cares? ;D ;D >:D

Top 10 Countries with the Highest Inflation Rates (Trading Economics Jan 2022)

Venezuela — 1198.0%
Sudan — 340.0%
Lebanon — 201.0%
Syria — 139.0%
Suriname — 63.3%
Zimbabwe — 60.7%
Argentina — 51.2%
Turkey — 36.1%
Iran — 35.2%
Ethiopia — 33.0%
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on May 10, 2022, 10:47:32 AM
Oh yeah... you don't care about people dying in an unnecessary war either.

My bad.
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on May 10, 2022, 01:13:22 PM
Oh yeah... you don't care about people dying in an unnecessary war either.

My bad.

Iraq anybody?
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on May 10, 2022, 02:05:08 PM
We won't repeat the mistakes of the 70's we have an entire new arsenal of mistakes to unleash this time.  :)
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on May 10, 2022, 03:27:33 PM
Oh yeah... you don't care about people dying in an unnecessary war either.

My bad.

Iraq anybody?

You tried this tactic already... different situation... but still... no one really wanted that one either.

Are you going to bring up WWI and WWII next? What about the Civil War? Or the colonization of America? How about when the Vikings invaded England.

Or when Grog was mad at Loka for taking his fire away?
Title: Re: INFLATION IS OUR FRIEND
Post by: akula1488 on May 10, 2022, 09:57:14 PM
Now we have a baby formula shortage. This joke of an administration just hit a new low.

https://www.nytimes.com/2022/05/10/us/baby-formula-shortage.html
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on May 11, 2022, 09:00:50 AM
Oh yeah... you don't care about people dying in an unnecessary war either.

My bad.

Iraq anybody?

You tried this tactic already... different situation... but still... no one really wanted that one either.

Hindsight is 20/20, but in real time lots of people were itching for revenge over 9/11.  It didn't matter that Iraq had nothing to do with the attacks.  That's why even many Democrats voted in favor of the war.  It was seen as "unpatriotic" to vote against it.  Hillary, Kerry, Biden all voted in favor.
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on May 11, 2022, 09:17:29 AM
Who are you, Keira Knightly?

That's the point.

You would think people would have learned from our mistakes... what were the reasons Putin stated for invading Ukraine? He's not claiming false WMD intel, is he looking for revenge... or maybe he is being patriotic?

Stop cherry picking and living in the past... I was talking about inflation and how the US compares to the rest of the world, but morekaos doesn't seem to think the rest of the world matters.
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on May 11, 2022, 09:25:20 AM
Who are you, Keira Knightly?

That's the point.

You would think people would have learned from our mistakes... what were the reasons Putin stated for invading Ukraine? He's not claiming false WMD intel, is he looking for revenge... or maybe he is being patriotic?

Stop cherry picking and living in the past... I was talking about inflation and how the US compares to the rest of the world, but morekaos doesn't seem to think the rest of the world matters.

Cherry picking = inconvenient information for IHO, CalBears, other Irvine housing bulls
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on May 11, 2022, 09:29:05 AM
Who are you, Keira Knightly?

That's the point.

You would think people would have learned from our mistakes... what were the reasons Putin stated for invading Ukraine? He's not claiming false WMD intel, is he looking for revenge... or maybe he is being patriotic?

Stop cherry picking and living in the past... I was talking about inflation and how the US compares to the rest of the world, but morekaos doesn't seem to think the rest of the world matters.

Cherry picking = inconvenient information for IHO, CalBears, other Irvine housing bulls false data point for LIAR LIAR Loan to prove his incorrect predictions

Fixed that for you.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on May 11, 2022, 09:34:48 AM
...and the Malaise speech comes out...He feels your pain (empathetic) Thank you President Carter..I mean Brandon....

Biden isn’t fooling anyone ⁠— inflation is his fault and he has no solution to fix it

The president set himself an easy task Tuesday — to show a dispirited public he cares about their painful straits. As he put it, “I want every American to know that I’m taking inflation very seriously and it’s my top domestic priority.”

Just not seriously enough to bring a single new idea to the table. Instead he fell back on tired tropes about how none of the historic increase in prices is his fault.

With Biden, the buck always stops somewhere else.

The two straw men he trotted out were familiar — the pandemic and the Putin Price Hike. The latter coined phrase is as ridiculous as President Gerald Ford’s WIN gambit, for Whip Inflation Now, and will no doubt be just as effective economically and politically.

Asked by a reporter after his address whether he accepted any responsibility for the crisis, Biden said no, adding: “I think our policies help, not hurt.”

Saying so doesn’t make it true.

https://nypost.com/2022/05/10/biden-isnt-fooling-anyone-inflation-is-his-fault-and-he-has-no-solution-to-fix-it/
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on May 11, 2022, 09:45:18 AM
...and the Malaise speech comes out...He feels your pain (empathetic) Thank you President Carter..I mean Brandon....

Biden isn’t fooling anyone ⁠— inflation is his fault and he has no solution to fix it

The president set himself an easy task Tuesday — to show a dispirited public he cares about their painful straits. As he put it, “I want every American to know that I’m taking inflation very seriously and it’s my top domestic priority.”

Just not seriously enough to bring a single new idea to the table. Instead he fell back on tired tropes about how none of the historic increase in prices is his fault.

With Biden, the buck always stops somewhere else.

The two straw men he trotted out were familiar — the pandemic and the Putin Price Hike. The latter coined phrase is as ridiculous as President Gerald Ford’s WIN gambit, for Whip Inflation Now, and will no doubt be just as effective economically and politically.

Asked by a reporter after his address whether he accepted any responsibility for the crisis, Biden said no, adding: “I think our policies help, not hurt.”

Saying so doesn’t make it true.

https://nypost.com/2022/05/10/biden-isnt-fooling-anyone-inflation-is-his-fault-and-he-has-no-solution-to-fix-it/

Even better was Prince Charles giving this same speech from a golden, diamond-encrusted throne yesterday.

https://twitter.com/i/status/1523977008262352903
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on May 13, 2022, 08:34:15 AM
See!!...Inflation is your friend!..The Boy King wants to send you money for doing....nothing.  Makes sense...

California Gov. Newsom proposes inflation relief checks

Gov. Gavin Newsom wants to use some of the state's projected record $68 billion budget surplus for an $18.1 billion inflation relief package.

The proposal includes:

$11.5 billion to send $400 checks to car owners$2.7 billion toward emergency rent relief$1.4 billion to help people with past-due utility bills$933 million for relief checks to some hospital and nursing home staff
The governor also is proposing $750 million for free public transit, a pause in the diesel sales tax, and waiving child care fees for low-income families.

"It's a struggle right now so if it does pass it'd be very much appreciated," said Stephanie Smith, a Richmond resident who has three children and a spouse in her household.

https://www.ktvu.com/news/california-gov-newsom-proposes-inflation-relief-checks
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on May 13, 2022, 12:27:47 PM
See!!...Inflation is your friend!..The Boy King wants to send you money for doing....nothing.  Makes sense...

California Gov. Newsom proposes inflation relief checks

Gov. Gavin Newsom wants to use some of the state's projected record $68 billion budget surplus for an $18.1 billion inflation relief package.

The proposal includes:

$11.5 billion to send $400 checks to car owners$2.7 billion toward emergency rent relief$1.4 billion to help people with past-due utility bills$933 million for relief checks to some hospital and nursing home staff
The governor also is proposing $750 million for free public transit, a pause in the diesel sales tax, and waiving child care fees for low-income families.

"It's a struggle right now so if it does pass it'd be very much appreciated," said Stephanie Smith, a Richmond resident who has three children and a spouse in her household.

https://www.ktvu.com/news/california-gov-newsom-proposes-inflation-relief-checks

Really?  OMG, stop already.  If you are running surpluses put it aside and fix infrastructure (roads, bridges, etc) or put into schools or better yet lower some taxes (like the gas tax).
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on May 13, 2022, 12:35:22 PM
See!!...Inflation is your friend!..The Boy King wants to send you money for doing....nothing.  Makes sense...

California Gov. Newsom proposes inflation relief checks

Gov. Gavin Newsom wants to use some of the state's projected record $68 billion budget surplus for an $18.1 billion inflation relief package.

The proposal includes:

$11.5 billion to send $400 checks to car owners$2.7 billion toward emergency rent relief$1.4 billion to help people with past-due utility bills$933 million for relief checks to some hospital and nursing home staff
The governor also is proposing $750 million for free public transit, a pause in the diesel sales tax, and waiving child care fees for low-income families.

"It's a struggle right now so if it does pass it'd be very much appreciated," said Stephanie Smith, a Richmond resident who has three children and a spouse in her household.

https://www.ktvu.com/news/california-gov-newsom-proposes-inflation-relief-checks

Really?  OMG, stop already.  If you are running surpluses put it aside and fix infrastructure (roads, bridges, etc) or put into schools or better yet lower some taxes (like the gas tax).

You do know there is an election coming?...easy way to buy votes with the voters own money...its a twofer!
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on May 17, 2022, 09:03:56 AM
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.”


Funerer and funerer!!... ;D ;D >:D

Los Angeles becomes the first US city to hit average gas price of $6 per gallon: Fuel costs continue to soar on the West Coast while they level off in the rest of the country
Gas in Los Angeles hit a record high of $6.011 per gallon on Tuesday
It is the highest recorded average gas price for a major US city, experts say
Gasoline continues to soar on the West Coast, particularly in California
However, the US average has leveled off from this month's record highs

https://www.dailymail.co.uk/news/article-10641909/Los-Angeles-major-city-reach-6-average-gas-prices.html

We're #1! We're #1!  Not good enough to torture just the city dwellers...lets get em all and have a Statewide average of $6.00...I knew we could get there!!...well done team!!

OIL AND GAS
California’s gas average tops $6 per gallon as prices across the U.S. surge


California’s statewide average for a gallon of gas has surged to a record above $6.
The national average for gas hit $4.523 on Tuesday, according to AAA, also a record.
The rapidly rising price of gas is contributing to inflationary pressures across the economy.

https://www.cnbc.com/2022/05/17/californias-gas-average-tops-6-per-gallon-as-prices-across-the-us-surge.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail
Title: Re: INFLATION IS OUR FRIEND
Post by: The California Court Company on May 18, 2022, 10:51:39 AM
Costco is raising hot dog price by $1...wow. Inflation must really be that bad. hopefully this is not true and fake news.
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on May 18, 2022, 11:04:59 AM
Costco is raising hot dog price by $1...wow. Inflation must really be that bad. hopefully this is not true and fake news.

Unfortunately, it's true.  There's a shortage of hooves and lips due to the Ukraine war.
Title: Re: INFLATION IS OUR FRIEND
Post by: Kenkoko on May 18, 2022, 11:27:33 AM
No it's not true. It's just fake news circulating on social media.

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on May 19, 2022, 08:39:26 AM
Needs to look butch and maintain some form of credibility....

Powell says the Fed will not hesitate to keep raising rates until inflation comes down

Fed Chair Jerome Powell said he will back interest rate increases until prices start falling back toward a healthy level.
"If that involves moving past broadly understood levels of neutral we won't hesitate to do that," the central bank leader told the Wall Street Journal

https://www.msn.com/en-us/money/markets/powell-says-the-fed-will-not-hesitate-to-keep-raising-rates-until-inflation-comes-down/ar-AAXo4VZ?ocid=uxbndlbing
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on May 19, 2022, 11:40:58 AM
Oh My... ;D ;D >:D

Trump says stock markets will crash if he loses election...February 25, 2020

https://news.yahoo.com/trump-says-stock-markets-crash-103731552.html

Trump Predicts What Will Happen to Gas Prices, And It Sounds Horrifying...October 31, 2021

“Gas prices are going up at a far more rapid rate than anybody’s seen in a long time. We had gas prices very low, and yet we had more energy jobs than we’ve ever had,” said Trump, speaking at a time when the average price of gas was $2.879 per gallon.

“[T]hey will be going up by $1, $2, $3, if you look at that, and it’s bigger than a tax increase to the consumer,” he said

https://www.westernjournal.com/trump-predicts-will-happen-gas-prices-sounds-horrifying/

Trump claims Biden win would cause depression despite economists' forecast..OCTOBER 14, 2020 .

"The policies of the left would unleash an economic disaster of epic proportions," Mr. Trump said, claiming that a Democratic win would lead to sharply higher taxes and "destroy our country."

https://www.cbsnews.com/news/trump-economic-club-new-york-recovery-jobs/
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on May 19, 2022, 11:54:31 AM
I think about how my suppliers are gouging me with higher prices...
and how I gouge my customers
and how they have to gouge TARGET as well.

It's the CIrrrrrrcle of LiiiiIIIIIfe....
(https://media1.tenor.com/images/f36e795129d68eabc7336f69e142e7db/tenor.gif?itemid=9789392)


And then TGT has a massive drop because inflation is eating their profits.
At least I am getting my pound of flesh.


I heard shipping company execs are getting 1 year bonuses due to all the people paying the higher freight cost. ...I wonder if that is true.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on May 20, 2022, 09:03:04 AM

https://fortune.com/2022/01/26/labor-shortage-shipping-bonuses-wages-higher-pay-workers-corporate-profits/#:~:text=Shipping%20lines%20are%20paying%20workers%20huge%20year-end%20bonuses%2C,to%20have%20low%20pay%20and%20bad%20working%20conditions (https://fortune.com/2022/01/26/labor-shortage-shipping-bonuses-wages-higher-pay-workers-corporate-profits/#:~:text=Shipping%20lines%20are%20paying%20workers%20huge%20year-end%20bonuses%2C,to%20have%20low%20pay%20and%20bad%20working%20conditions).

Quote
Some workers at Taiwan’s Evergreen Marine Corp. received a year-end bonus that was nearly 40 times their monthly salary. Workers at Wan Hai, another Taiwanese shipping line, got annual bonuses equivalent to a full year’s wages plus an additional $36,079.


Quote
Container shipping companies have had a banner year, collecting profits that industry experts call "surreal," at the same time as it's seeing a labor shortage caused by unhappy and underpaid workers. That threatens to further weaken the already precarious global supply chain—and throw those record profits into peril.


Shipping is so messed up by COVID the freight companies are making all the money.


I think with the money drying up in USA, and the recession finally starting, shipping will return to normal by the end of the year....
We should start preparing for 2much inventory.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on May 20, 2022, 09:15:32 AM
I've been paying my freight forwarders thousands of dollars to kick other peoples parts off and put my products on the boat for the past year.

It's how I keep my inventory up.   

So I guess I'm not really gouging my customers since it's all going to Evergreen and YM lines anyway.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on May 20, 2022, 09:21:15 AM
Money finds a way...

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on May 31, 2022, 11:12:15 AM
We pick that rabbit out of the hat while everyone sits out there wondering how we did it.....why people pay pros.

Wall Street banks made $2.3 BILLION by betting on rising inflation in 2021 - doubling the amount they made in 2019
So-called 'Linkers' are inflation-linked bonds that have resulted in a windfall for Wall Street
Goldman Sachs traders Nikhil Choraria, Puskar Jha and 'child prodigy' Wajih Ahmed helped net $450 million for the big bank
JP Morgan's Gil Holmes brought in $300 million for his investment house

https://www.dailymail.co.uk/news/article-10868935/Wall-Street-banks-2-3B-betting-rising-inflation-2021-double-2019.html

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on May 31, 2022, 11:56:50 AM
Who would have known it would one day come true...They laughed at it then but now they are trying to do it...

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 01, 2022, 08:08:54 AM
Isn't this the same career bureaucrat that assured us just a few months ago that inflation was just "temporary"  and "transitory"?  This is the person in charge of our money supply...Does anyone in this administration know what they are doing?

Treasury secretary warns of ‘very uncomfortably high’ inflation for next year

Treasury Secretary Janet Yellen warned that Americans should expect to continue paying increased prices on everyday goods for the next year, offering a reversal from her previous forecast that record-high inflation would soon subside. The main culprit, she told CNBC’s “Closing Bell” on Thursday, was Russia’s war against Ukraine. Ms. Yellen‘s claim that Russian President Vladimir Putin is to blame for America’s inflation woes echoes that of the Biden administration writ large, which has received criticism for dubbing the phrase “Putin’s price hike.” “I think there’s a lot of uncertainty that is related to what’s going on with Russia in Ukraine,” Ms. Yellen said on the network.

https://www.washingtontimes.com/news/2022/mar/11/treasury-secretary-janet-yellen-warns-very-uncomfo/

Before she "evolved"...astonishing incompetence...

Yellen says high inflation is temporary.

Oct 25, 2021

During an interview aired on Friday’s broadcast of CNN’s “Situation Room,” Treasury Secretary Janet Yellen said that she still thinks inflation is “temporary, although, I don’t mean just a matter of a month or two.” And “by the second half of the year, annual inflation rates will begin to decline toward their more normal level of around 2%.”

Yellen said, “I still would say it’s temporary, although, I don’t mean just a matter of a month or two. Although, monthly inflation rates are — have substantially declined from where they were just four or five months ago. But what we’re really seeing is the impact of the COVID pandemic has severely disrupted economic activity. It’s hugely boosted spending on products, on goods and diminished spending on services. It’s created an enormous demand for semiconductors and these supplies, although they’ve increased, are — have encountered bottlenecks and it’s really caused some inflationary increase in recent months. As people get back to work, as we defeat the pandemic, and as demand shifts back to services and as supply has a chance to adjust, I believe that price increases will normalize and we’ll see lower monthly inflation rates, I think, by the second half of the year, annual inflation rates will begin to decline toward their more normal level of around 2%.”

Whos the more foolish?...the fool or the fool that follows him(her)?

Yellen says the administration is fighting inflation, admits she was wrong that it was ‘transitory’

Treasury Secretary Janet Yellen told CNBC that the White House has several strategies that will reduce inflation she conceded is too high for Americans.
In a separate interview Tuesday, Yellen admitted she was wrong when she called inflation “transitory” last year.

https://www.cnbc.com/2022/06/01/yellen-says-the-administration-is-fighting-inflation-admits-she-was-wrong-that-it-was-transitory.html

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 03, 2022, 12:55:12 PM
That really seems cheap now, Huh?... :D :D >:D

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: zubs on June 03, 2022, 01:16:24 PM
As gas goes up...I'm feeling more and more like your favorite prognosticator
 
MS CLEO!
*fanfare fanfare*

(https://preview.redd.it/fu19nr9qcof81.jpg?width=640&crop=smart&auto=webp&s=28c06402df1838aa5d2aed8fa7d840b877dc8d43)


Cause I bought solar panels and an electric car not long ago...
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on June 03, 2022, 02:18:19 PM
That really seems cheap now, Huh?... :D :D >:D

So does my EV.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 04, 2022, 11:38:32 AM
That really seems cheap now, Huh?... :D :D >:D

So does my EV.

What happened to selflessness?  The other 98% of the country suffers for the benefit of the 2% who own heavily subsidized unicorns and rainbows?  I thought we were all "in this together?" ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on June 04, 2022, 11:10:15 PM
We are... and it starts with us trying to get off of non-renewable fuel reliance... don't see you doing that.

2% will become the majority eventually... you will be left behind.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 05, 2022, 08:57:48 AM
We are... and it starts with us trying to get off of non-renewable fuel reliance... don't see you doing that.

2% will become the majority eventually... you will be left behind.

Not in our lifetimes…unicorns and rainbows.
Title: Re: INFLATION IS OUR FRIEND
Post by: akula1488 on June 05, 2022, 10:30:48 AM
What if...60% of oil is abiotic? The oil itself is renewable...and the climate change is all natural?

https://www.usnews.com/opinion/blogs/on-energy/2011/09/14/abiotic-oil-a-theory-worth-exploring#:~:text=%22All%20kinds%20of%20rocks%20could,and%20not%20from%20fossil%20fuels.
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on June 05, 2022, 11:22:32 AM
Unless there is a battery breakthrough in the next 3-5 years - when the phase out of ICE is mandated or intentionally sidelined - the (crack) pipe dream of electrification is still just that:

https://www.bloomberg.com/news/articles/2022-04-22/mr-lithiumalr-warns-there-s-not-enough-battery-metal-to-go-around#:~:text=Lithium'%20Warns%20There's%20Not%20Enough,mining%20in%20Jujuy%20Province%2C%20Argentina.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on June 06, 2022, 09:41:03 AM
Your article just makes it more imperative for people to buy an electric car asap.
Or stockpile batteries.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 06, 2022, 10:29:19 AM
It also shows that mass transition and accelerated adoption are all just unicorns and rainbows. ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on June 06, 2022, 10:56:12 AM
We are... and it starts with us trying to get off of non-renewable fuel reliance... don't see you doing that.

2% will become the majority eventually... you will be left behind.

Not in our lifetimes…unicorns and rainbows.

Not sure how old you are... but things will be different in 5-20 years.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 06, 2022, 11:05:54 AM
We are... and it starts with us trying to get off of non-renewable fuel reliance... don't see you doing that.

2% will become the majority eventually... you will be left behind.

Not in our lifetimes…unicorns and rainbows.

Not sure how old you are... but things will be different in 5-20 years.

They said that 5-20 years ago...we were supposed to be underwater by now...or frozen solid ...or cooking in our own juices..I forget which but...here we are...perfect boating day! ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 06, 2022, 11:25:48 AM
Or maybe 40-50 years ago... ;D ;D >:D

Brown Warns of Drought Disaster; Says ‘Hard Choices’ Face California

LOS ANGELES, March 7—Gov. Edmund G. Brown Jr., warned here today that drought‐stricken California was “facing a disaster of immeasurable magnitude.”

“The specter of drought has been gathering momentum, not only in California, but across the country,” the Democratic Governor declared, adding that people must learn that “this is an era of limits and there are very hard choices to make.”

https://www.nytimes.com/1977/03/08/archives/brown-warns-of-drought-disaster-says-hard-choices-face-california.html

Climatologists Forecast Stormy Economic Future

They believe that the earth's climate has moved into a cooling cycle, which means highly erratic weather for decades to come. And that, they say, has profound implications—most of them bad—for world food production, economic stability and social order. With the world's population now so high, the results of even minor yearto‐year shifts in climate could be catastropihc, they say.

https://www.nytimes.com/1976/07/12/archives/climatologists-forecast-stormy-economic-future.html
 ;D ;D
From the NY Times so it must have come true?....Unicorns and Rainbows...
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 06, 2022, 11:36:39 AM
Jerry Brown is the crook that enabled collective bargaining for the state public sector unions - never has one man done so much damage to an entire state
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 06, 2022, 11:38:34 AM
Jerry Brown is the crook that enabled collective bargaining for the state public sector unions - never has one man done so much damage to an entire state

Really to the country too.. that was the blueprint for all public service unions...once again we lead the way into the toilet...
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 07, 2022, 08:24:36 AM
Pushing inflation upward and in the end just Unicorns and Rainbows...

Beware: 100% Green Energy Could Destroy the Planet

Some environmentalists are pointing to a little-noticed study by the World Bank showing that moving toward 100% solar, wind and electric battery energy would be just as destructive to the planet as fossil fuels. This was precisely the conclusion of a story in Foreign Policy magazine, hardly a right-wing publication.

According to the Foreign Policy analysis, moving to a "carbon-free" energy future "requires massive amounts of energy, not to mention the extraction of minerals and metals at great environmental and social costs."

Here are some of the numbers. Going all-in on batteries, solar and wind would require:

-- 34 million metric tons of copper

-- 40 million tons of lead

-- 50 million tons of zinc

-- 162 million tons of aluminum

-- 4.8 billion tons of iron

Those tens of millions of windmills, solar panels and electric batteries for cars and trucks aren't exactly biodegradable. So, we will have the most prominent energy graveyard with toxic pollutants that will be 100 times larger than any nuclear waste storage. And yet, the Left is worried about plastic straws!

In other words, real nature lovers are finally starting to awaken to the reality that wind and solar aren't so green after all. A nuclear plant takes up at most 1 square mile of land. Wind and solar farms require hundreds of thousands of acres. So, to provide enough electric power to keep Manhattan lit up at night would require paving over nearly the whole state of Connecticut with windmills and solar farms.

The public is starting to ask: How is any of this green? The Green New Deal strategy makes especially no sense given that by increasing our use of clean-burning and reliable natural gas, we are reducing energy prices AND cutting carbon emissions. Add nuclear power to the mix, and we wouldn't need to start building wind and solar farms in our forests, deserts and national parks.

https://townhall.com/columnists/stephenmoore/2022/06/07/beware-100-green-energy-could-destroy-the-planet-n2608294
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 07, 2022, 11:32:36 AM
The lack of intellectual honesty in the green industrial complex is slowly but surely being exposed
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on June 07, 2022, 11:38:45 AM
Metal is recyclable. You don't need it to be biodegradable, you just need to re-use it.

I agree that there are challenges to switching to greener energy sources but at the same time, whatever infrastructure is used for fossil fuels is a wash in costs/usage/construction materials.

Natural gas is a good alternative, but we should move to biomethane or any type of renewable gas.

As for acreage usage, I don't mind seeing windmills or solar farms where there would otherwise be just desert but that's me.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 07, 2022, 11:43:44 AM
It is all just a big scam....


How ESG investing came to a reckoning
With allegations of greenwashing at the highest levels, does it still make sense for funds to package together environmental, social and governance factors?

Investing within an ESG framework is now the fastest-growing segment of the asset management industry. Assets in ESG funds grew 53 per cent year on year to $2.7tn in 2021, according to data provider Morningstar, amid a gold rush by asset managers to tap into rising investor demand by rebranding their funds as sustainable or launching new ones.

The term has become an increasingly broad catch-all for a range of approaches to investment: everything from negative screening (removing sectors such as tobacco or defence) to positive screening (picking sectors such as clean energy), to really any kind of strategy that promises to bring about positive social or environmental change.
   But there’s a fine line between flexibility and ambiguity, and ESG’s critics say some companies and investors are using the loosely defined term to “greenwash,” or make unrealistic or misleading claims, especially about their environmental credentials.

Those criticisms came into sharp focus on May 31, when German police raided the offices of asset manager DWS and its majority owner Deutsche Bank as part of a probe into allegations of greenwashing. It was the first time that an asset manager has been raided in an ESG investigation and signals a moment of reckoning for the industry.

It’s a “real wake-up call,” says Desiree Fixler, the former DWS executive who blew the whistle on her company for allegedly making misleading statements about ESG investing in its 2020 annual report (DWS denies wrongdoing). “I still believe in sustainable investing, but the bureaucrats and marketers took over ESG and now it’s been diluted to a state of meaninglessness,” she says.

On top of the allegations of greenwashing at the industry’s highest levels, there is the impact of Russia’s invasion of Ukraine, which is forcing companies, investors and governments to wrestle with developments that at times appear to pit the E, the S and the G against one another. For example, governments in Europe are reneging on environmental goals by turning to fossil fuels to reduce dependence on Russian gas, in order to fulfil ethical goals.

https://www.ft.com/content/5ec1dfcf-eea3-42af-aea2-19d739ef8a55?segmentId=b385c2ad-87ed-d8ff-aaec-0f8435cd42d9


Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 07, 2022, 12:39:14 PM
What an out of touch, stupid and elitist thing for a political leader to say.  I know some of you think this too but the vast majority of Americans 98-99% can't and wont make this statement...what a DB.

Democratic Sen. Debbie Stabenow brags that it doesn't 'matter' to her how high gas prices are because she drives by every station in her electric vehicle
Democratic Michigan Senator Debbie Stabenow said that it 'doesn't matter' to her how high gas prices get because she has an electric vehicle
'On the issue of gas prices went by every gas station [in my electric vehicle] and it didn't matter how high it was,' the Michigan senator said during a hearing
Added: 'I'm looking forward to the opportunity for us to move to vehicles that aren't going to be dependent on the whims of the oil companies'
As of Tuesday, the average price per gallon of gas in the U.S. reached a new high of $4.92 – even higher in Stabenow's home state of Michigan at $5.17
United States senators make an annual salary of $174,000
The average cost of an electric vehicle is $56,437, which is approximately $10,000 higher than the industry average

United States senators make an annual salary of $174,000.

The average cost of an electric vehicle, according to Kelley Blue Book, is $56,437, which is approximately $10,000 higher than the industry average including cars that are electric and gas.

Michigan's average household income is $59,234 between 2016-2020 – just a few thousand over the typical cost of an EV, according to the U.S. Census Bureau.

https://www.dailymail.co.uk/news/article-10893647/Democratic-Sen-Stabenow-brags-doesnt-matter-high-gas-prices-drives-EV.html
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on June 07, 2022, 12:43:42 PM
Almost like saying I use a golf cart or don't care about how much it costs for my yacht.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 07, 2022, 12:50:19 PM
Almost like saying I use a golf cart or don't care about how much it costs for my yacht.

Illustrating just how grateful I am...besides, I am not a politician whos policies advocate to her constituents detriment not their benefit..that is sad.
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on June 07, 2022, 01:51:24 PM
Oh... "grateful" is your new word for "bragging"? Got it.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 07, 2022, 01:57:28 PM
I’m pointing out “it sucks for them”. I feel fortunate and grateful.

If you say so…. ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on June 07, 2022, 02:19:30 PM
Oh... let's not forget what you originally said:

Really this doesn't affect me much. I drive a 1991 restored Ford Bronco on weekends for fun. My commute is 1/2 a mile from my home by golf cart. The real pain comes in filling up my yacht for this summer..that sucks but I am fortunate, I can afford it.  Most in this economy can't...the middle and lower class suffers the most and they don't have many options to ease the pain...sucks for them ;D ;D >:D

Sounds more "braggy" to me.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 07, 2022, 03:09:41 PM
If that’s how you want to read it…have at it.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 08, 2022, 08:24:46 AM
Won't get this reporter bragging about her EV...total disaster...

And gas is over $6 a gallon... while I am enjoying my sweet EV gas immunity.

I Rented an Electric Car for a Four-Day Road Trip. I Spent More Time Charging It Than I Did Sleeping.

Our writer drove from New Orleans to Chicago and back to test the feasibility of taking a road trip in an EV. She wouldn’t soon do it again.

For now, however, long-distance travel by electric vehicle proved almost impossible, saving just $100 and costing hours. At several points, Wolfe recalled, the car nearly ran out of battery; they missed several appointments. They also had to take drastic steps to curb their use of power, such as unplugging their phones and turning down their windshield wipers.

She wrote: “Over four days, we spent $175 on charging. We estimated the equivalent cost for gas in a Kia Forte would have been $275, based on the AAA average national gas price for May 19. That $100 savings cost us many hours in waiting time.”

Wolfe also described conversations with fellow travelers: “The woman charging next to us describes a harrowing recent trip in her Volkswagen ID.4. Deborah Carrico, 65, had to be towed twice while driving between her Louisville, Ky., apartment and Boulder, Colo., where her daughter was getting married.” She noted that the woman had described feeling unsafe while charging at night, and that her family had urged her to trade in her electric car in favor of an old-fashioned gas model.

Wolfe concluded:

The following week, I fill up my Jetta at a local Shell station. Gas is up to $4.08 a gallon.

I inhale deeply. Fumes never smelled so sweet.


https://www.wsj.com/articles/i-rented-an-electric-car-for-a-four-day-road-trip-i-spent-more-time-charging-it-than-i-did-sleeping-11654268401
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on June 08, 2022, 08:36:52 AM
Yah I don't do long road trips with my EV.
If I had to go to vegas, I'd drive my gas car.

But for anything below 200 miles.....I just drive the electric
Still saving about $350 a month on gas.


A bonus is my environment has less air pollution.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 08, 2022, 08:44:43 AM
Yah I don't do long road trips with my EV.
If I had to go to vegas, I'd drive my gas car.

But for anything below 200 miles.....I just drive the electric
Still saving about $350 a month on gas.


A bonus is my environment has less air pollution.

Mostly because of the wind.... ;D ;D >:D

In comparison, Kleinman says Irvine has better air quality due to offshore winds, less traffic, and more green spaces than other cities.

Irvine uses 26% of its land for parks and recreation according to the Trust For Public Land. Still, Irvine residents in neighborhoods of color have access to 69% less park space per person than Irvine residents in white neighborhoods, according to the Trust For Public Land.

Orange County’s air quality is still better than most areas in Southern California, according to Marc Carreras Sospedra, air quality specialist at South Coast Air Quality Management District.

“Typically, the worst air quality happens in the Riverside and San Bernardino counties, where the pollution from upwind sources in LA [Los Angeles] and OC [Orange County] is transported and accumulated due to the presence of mountain ranges,” said Sospedra.

He explained that a sea breeze blows air pollution from the coast to counties further inland.


https://voiceofoc.org/2022/01/orange-countys-poor-residents-most-at-risk-from-bad-air-quality/
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on June 08, 2022, 08:53:35 AM
Riverside should thank me for polluting them less with my EV
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 08, 2022, 09:12:56 AM
Riverside should thank me for polluting them less with my EV

See...makes you feel better about yourself but in reality it is just Unicorns and Rainbows...it really accomplishes nothing, be honest. ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 08, 2022, 10:03:40 AM
Won't get this reporter bragging about her EV...total disaster...

And gas is over $6 a gallon... while I am enjoying my sweet EV gas immunity.

I Rented an Electric Car for a Four-Day Road Trip. I Spent More Time Charging It Than I Did Sleeping.

Our writer drove from New Orleans to Chicago and back to test the feasibility of taking a road trip in an EV. She wouldn’t soon do it again.

For now, however, long-distance travel by electric vehicle proved almost impossible, saving just $100 and costing hours. At several points, Wolfe recalled, the car nearly ran out of battery; they missed several appointments. They also had to take drastic steps to curb their use of power, such as unplugging their phones and turning down their windshield wipers.

She wrote: “Over four days, we spent $175 on charging. We estimated the equivalent cost for gas in a Kia Forte would have been $275, based on the AAA average national gas price for May 19. That $100 savings cost us many hours in waiting time.”

Wolfe also described conversations with fellow travelers: “The woman charging next to us describes a harrowing recent trip in her Volkswagen ID.4. Deborah Carrico, 65, had to be towed twice while driving between her Louisville, Ky., apartment and Boulder, Colo., where her daughter was getting married.” She noted that the woman had described feeling unsafe while charging at night, and that her family had urged her to trade in her electric car in favor of an old-fashioned gas model.

Wolfe concluded:

The following week, I fill up my Jetta at a local Shell station. Gas is up to $4.08 a gallon.

I inhale deeply. Fumes never smelled so sweet.


https://www.wsj.com/articles/i-rented-an-electric-car-for-a-four-day-road-trip-i-spent-more-time-charging-it-than-i-did-sleeping-11654268401
the real moral of this story is buying a non-Tesla EV is foolish given the paucity of non-Tesla chargers (and absence of non-Tesla Superchargers) and the vastly superior battery/software/silicon technology employed in Teslas. All of the other auto makers will spend themselves into BK trying to build a profitable EV lineup. My prediction is Ferrari will be the last ICE mfr able to sustain an ICE business while not being dependent on an EV transition given their appeal is the sound of the engine.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 08, 2022, 10:06:09 AM
Won't get this reporter bragging about her EV...total disaster...

And gas is over $6 a gallon... while I am enjoying my sweet EV gas immunity.

I Rented an Electric Car for a Four-Day Road Trip. I Spent More Time Charging It Than I Did Sleeping.

Our writer drove from New Orleans to Chicago and back to test the feasibility of taking a road trip in an EV. She wouldn’t soon do it again.

For now, however, long-distance travel by electric vehicle proved almost impossible, saving just $100 and costing hours. At several points, Wolfe recalled, the car nearly ran out of battery; they missed several appointments. They also had to take drastic steps to curb their use of power, such as unplugging their phones and turning down their windshield wipers.

She wrote: “Over four days, we spent $175 on charging. We estimated the equivalent cost for gas in a Kia Forte would have been $275, based on the AAA average national gas price for May 19. That $100 savings cost us many hours in waiting time.”

Wolfe also described conversations with fellow travelers: “The woman charging next to us describes a harrowing recent trip in her Volkswagen ID.4. Deborah Carrico, 65, had to be towed twice while driving between her Louisville, Ky., apartment and Boulder, Colo., where her daughter was getting married.” She noted that the woman had described feeling unsafe while charging at night, and that her family had urged her to trade in her electric car in favor of an old-fashioned gas model.

Wolfe concluded:

The following week, I fill up my Jetta at a local Shell station. Gas is up to $4.08 a gallon.

I inhale deeply. Fumes never smelled so sweet.


https://www.wsj.com/articles/i-rented-an-electric-car-for-a-four-day-road-trip-i-spent-more-time-charging-it-than-i-did-sleeping-11654268401
the real moral of this story is buying a non-Tesla EV is foolish given the paucity of non-Tesla chargers (and absence of non-Tesla Superchargers) and the vastly superior battery/software/silicon technology employed in Teslas. All of the other auto makers will spend themselves into BK trying to build a profitable EV lineup. My prediction is Ferrari will be the last ICE mfr able to sustain an ICE business while not being dependent on an EV transition given their appeal is the sound of the engine.
And Tesla charging stations are WAY cheaper than the 3rd party chargers. My last trip to Socal I spent I think 30-40$ at the TSCs (Harris Ranch, Manhattan Beach and back).
Title: Re: INFLATION IS OUR FRIEND
Post by: AW on June 08, 2022, 10:09:59 AM
not sure why purple font is so sensitive on this whole ev thing, if people feels good about their unicorns and rainbows, so be it, regarding ev's, it's not like they're saying "Most in this economy can't...the middle and lower class suffers the most and they don't have many options to ease the pain...sucks for them"
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 08, 2022, 10:59:34 AM
I just laugh at how gullible people are.  The selfishness in the denial of reality is concerning in that, the vast majority of Americans don't live in EV-Multi verse.  Most people do not even have the ability or choice of buying or having EVs.  They are suffering the consequences of this tiny (2%) minority feeling better about themselves....talk about selfishness...
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 08, 2022, 11:09:43 AM
I just laugh at how gullible people are.  The selfishness in the denial of reality is concerning in that, the vast majority of Americans don't live in EV-Multi verse.  Most people do not even have the ability or choice of buying or having EVs.  They are suffering the consequences of this tiny (2%) minority feeling better about themselves....talk about selfishness...

I am now dual royalty - Prop 13 and Energy
Title: Re: INFLATION IS OUR FRIEND
Post by: AW on June 08, 2022, 11:35:17 AM
I just laugh at how gullible people are.  The selfishness in the denial of reality is concerning in that, the vast majority of Americans don't live in EV-Multi verse.  Most people do not even have the ability or choice of buying or having EVs.  They are suffering the consequences of this tiny (2%) minority feeling better about themselves....talk about selfishness...
Gullible? Selfishness?  People buy things for their own lifestyle, much like you and your yacht, they also don't feel like paying for gas and save time not going to the gas station, much like your electric golf cart

But of course, a morekaos response for the whole thing would be...
"If that’s how you want to read it…have at it."

Most people do not even have the ability or choice of buying or having EVs
Most in this economy can't...the middle and lower class suffers the most and they don't have many options to ease the pain...sucks for them

Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on June 08, 2022, 11:43:10 AM
For her next article she’ll be writing how she thought riding a motorcycle would be fun and liberating so she set out to drive from Buffalo to Minneapolis for Christmas winter break.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 08, 2022, 12:27:37 PM
Do what is right for EVERYBODY..not just a small sliver of the country that wants to feel good about themselves but really contribute nothing.  Drill now, drill everywere!...drill in my backyard!...drill in your backyard!...flood the market with energy and you will see inflation disappear and growth will overwhelm us all...Drown the market in supply...it is the only way out..go back to the good Multi-verse of just 4 years ago.

We control the horizontal...we control the vertical...Take that Paris Climate Agreement!!

Feds Discover Largest Oil, Natural-Gas Reserve in History

In all, the new reserve is said to contain 281 trillion cubic feet of natural gas, 46.3 billion barrels of oil, and 20 billion barrels of natural-gas liquids, the Interior Department’s U.S. Geological Survey said.

COMMENTS
Almost a third of the U.S.’s total crude-oil production comes from the Permian Basin where the reserve was found, making it the biggest shale-oil-producing region in the U.S.

“American strength flows from American energy, and as it turns out, we have a lot of American energy,” said Zinke. “Before this assessment came down, I was bullish on oil and gas production in the United States. Now, I know for a fact that American energy dominance is within our grasp as a nation.”

https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/ (https://www.nationalreview.com/news/feds-discover-largest-oil-natural-gas-reserve-in-history/)

U.S. Becomes a Net Oil Exporter for First Time in 75 Years


America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.”

http://fortune.com/2018/12/06/oil-exports-us/ (http://fortune.com/2018/12/06/oil-exports-us/)


https://youtu.be/FCcdr4O-3gE (https://youtu.be/FCcdr4O-3gE)
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on June 08, 2022, 12:40:49 PM
No we won’t inflation is driven by corporate behavior.  Like the 100% mark up on the Ford Lightning.

Ever stop to ask how beef more than doubled yet rancher price for their cattle never went above 5 year average?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 08, 2022, 12:43:15 PM
No we won’t inflation is driven by corporate behavior.  Like the 100% mark up on the Ford Lightning.

Every stop to ask how beef more than doubled yet rancher price for their cattle never went above 5 year average?

Sure.  Transportation, processing, labor (union) and feed costs all went up by that and more.  It all stems from energy and wages Pay someone $15 bucks to flip your burger and what do you think you will pay for that burger.?...the basics of economics.
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on June 08, 2022, 12:45:25 PM
No we won’t inflation is driven by corporate behavior.  Like the 100% mark up on the Ford Lightning.

Every stop to ask how beef more than doubled yet rancher price for their cattle never went above 5 year average?

Sure.  Transportation, processing, labor (union) and feed costs all went up by that and more.  It all stems from energy and wages Pay someone $15 bucks to flip your burger and what do you think you will pay for that burger.?...the basics of economics.

No it is basic economics, but it pricing power, oligopolies and market consolidation.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 08, 2022, 12:52:24 PM
Flood supply and prices will fall...it doesn't get more basic than that.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 08, 2022, 01:05:01 PM
Smoke, Mirrors and feel good sloganeering (unicorns and rainbows)... ;D ;D >:D

Reporter Asks General Motors CEO Where The Charging Electricity Comes From For Their New Chevy Volt – Her Answer Is Hilarious

During an unveiling of the new Chevy Volt, Zimmerman demonstrated for the media how the supposedly “green” vehicle is simply plugged into a power source for energy. And this power source, at least in Michigan, is mostly (95%) burned coal.

While some areas of the country are heavy on nuclear and hydro power sources, the fact remains that coal is still what powers America. Consequently, electric vehicles are nothing more than greenwashed virtue signaling tools to make climate fanatics feel as though they are better than everybody else.

https://www.usasupreme.com/video-reporter-asks-general-motors-ceo-where-the-charging-electricity-comes-from-for-their-new-chevy-volt-her-answer-is-hilarious/
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on June 08, 2022, 01:22:47 PM
My previous post said that the $350/month in gas savings was a major contributor to picking EV.
Feeling good about cleaner air was just an extra. 

Everyone follows their wallet.  Stop generalizing electric car buyers as wanting to save the world. 
Saving the world ranks way lower than cold hard cash.
Title: Re: INFLATION IS OUR FRIEND
Post by: AW on June 08, 2022, 01:29:15 PM

https://news.yahoo.com/gas-prices-surge-again-record-090034707.html

“Increasing crude oil supply does little to solve the global shortage of refining capacity,” Natasha Kaneva, JPMorgan head of global commodities, said.

Why is there a shortage of refining capacity?
When COVID-19 struck and world economies closed, demand plunged for oil and gas, so many companies closed their plants. Others were hit by bad weather. Some companies stopped investing in refineries because of uncertainty over how the transition to green energy would affect their business. When Russia invaded Ukraine, more refineries in Russia were taken offline.
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on June 08, 2022, 01:38:30 PM
Smoke, Mirrors and feel good sloganeering (unicorns and rainbows)... ;D ;D >:D

Reporter Asks General Motors CEO Where The Charging Electricity Comes From For Their New Chevy Volt – Her Answer Is Hilarious

During an unveiling of the new Chevy Volt, Zimmerman demonstrated for the media how the supposedly “green” vehicle is simply plugged into a power source for energy. And this power source, at least in Michigan, is mostly (95%) burned coal.

While some areas of the country are heavy on nuclear and hydro power sources, the fact remains that coal is still what powers America. Consequently, electric vehicles are nothing more than greenwashed virtue signaling tools to make climate fanatics feel as though they are better than everybody else.

https://www.usasupreme.com/video-reporter-asks-general-motors-ceo-where-the-charging-electricity-comes-from-for-their-new-chevy-volt-her-answer-is-hilarious/

Fossil fuel power plants produce about 75% less CO2 per MPGe than internal combustion engines.

It’s those pesky regulations. Smokestack scrubbers, etc.

Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on June 08, 2022, 01:58:27 PM
Flood supply and prices will fall...it doesn't get more basic than that.

Without consideration for ramifications... sure... but you also said "Do what is right for everybody" and that definitely does not mean "drill everywhere".

Your comments really seem science oblivious.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 08, 2022, 04:38:59 PM
Flood supply and prices will fall...it doesn't get more basic than that.

Without consideration for ramifications... sure... but you also said "Do what is right for everybody" and that definitely does not mean "drill everywhere".

Your comments really seem science oblivious.

That might be true if you believe in global warming…that it’s man made…and it is preventable or can be stopped…I don’t.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 09, 2022, 07:14:21 AM
Flood supply and prices will fall...it doesn't get more basic than that.

Without consideration for ramifications... sure... but you also said "Do what is right for everybody" and that definitely does not mean "drill everywhere".

Your comments really seem science oblivious.

That might be true if you believe in global warming…that it’s man made…and it is preventable or can be stopped…I don’t.

IHO - do you realize the US leads the world in emissions reductions? We are the greenest country on the planet and can withstand much more fossil fuel use without seriously damaging the environment than any other industrialized nation. And we have the cleanest burning coal in the world, a 300 year supply. Solar is for rich guys like us, not your gardener who is doomed to suffer from high inflation driven by the green energy lobby. Drill for him.
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on June 09, 2022, 07:45:18 AM
Flood supply and prices will fall...it doesn't get more basic than that.

Without consideration for ramifications... sure... but you also said "Do what is right for everybody" and that definitely does not mean "drill everywhere".

Your comments really seem science oblivious.

That might be true if you believe in global warming…that it’s man made…and it is preventable or can be stopped…I don’t.

IHO - do you realize the US leads the world in emissions reductions? We are the greenest country on the planet and can withstand much more fossil fuel use without seriously damaging the environment than any other industrialized nation. And we have the cleanest burning coal in the world, a 300 year supply. Solar is for rich guys like us, not your gardener who is doomed to suffer from high inflation driven by the green energy lobby. Drill for him.

No.  Pay him a decent wage. 

Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 09, 2022, 07:55:35 AM
Flood supply and prices will fall...it doesn't get more basic than that.

Without consideration for ramifications... sure... but you also said "Do what is right for everybody" and that definitely does not mean "drill everywhere".

Your comments really seem science oblivious.

That might be true if you believe in global warming…that it’s man made…and it is preventable or can be stopped…I don’t.

IHO - do you realize the US leads the world in emissions reductions? We are the greenest country on the planet and can withstand much more fossil fuel use without seriously damaging the environment than any other industrialized nation. And we have the cleanest burning coal in the world, a 300 year supply. Solar is for rich guys like us, not your gardener who is doomed to suffer from high inflation driven by the green energy lobby. Drill for him.

Unicorns and Rainbows...for the rich...

Joe Biden's 'Green Energy' Dreams: Enriching Friends, Crushing the Working Class

The EPA cannot make anything cost less. It can take money from poorer people and give it to richer people in the form of subsidies for EVs. It can make normal cars much, much more costly. Climate hysterics in the government know this and simply won’t admit it.

As high interest rates and inflation, along with pushback against ESG investing, curtail investment in higher-risk projects, Granholm and others know that they must increase the suffering of the average American via policy to push more money into the pockets of their friends in the “green” energy sector. Take, for example, the recent interaction between Senator John Barasso (R-Wyo.) and Interior Secretary Deb Haaland. Sen. Barasso pressed Haaland to admit that gasoline prices were too high and Haaland adamantly refused. Instead, she deflected.

As the Biden administration begs OPEC dictators to sell us more oil, they increasingly put us in the path of disaster. Western Europe used policy to destroy its own energy independence and relied on Russia for oil and gas. Now that decision has come back to bite them. Producer price inflation in Germany topped 30% in March, a level not seen since the 1940s. We won’t be far behind them if Biden’s anti-oil-production policies continue. Even the far left admits the so-called green dream will cost in excess of 10 trillion dollars. What will our inflation rate be like when they print all that money?

An even more extreme example is Sri Lanka. The government, filled with environmental-religious zeal, banned the use of chemical fertilizers in 2021. As a result, production of rice fell 20%. As the agriculture sector collapsed, the government ran out of foreign currencies and could no longer import gasoline and other essentials. The country fell into disorder and over 200 protesters were killed by the military.

https://www.realclearenergy.org/articles/2022/06/08/joe_bidens_green_energy_dreams_enriching_friends_crushing_the_working_class_836339.html
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 09, 2022, 08:12:31 AM
we're headed for being Germany - that PPI figure is mind boggling. Can't get Trump back in office, or an acolyte, fast enough.

The CA election returns and Biden's polling indicate the era of public support for progressive policies is over.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 09, 2022, 08:20:57 AM
Flood supply and prices will fall...it doesn't get more basic than that.

Without consideration for ramifications... sure... but you also said "Do what is right for everybody" and that definitely does not mean "drill everywhere".

Your comments really seem science oblivious.

That might be true if you believe in global warming…that it’s man made…and it is preventable or can be stopped…I don’t.

IHO - do you realize the US leads the world in emissions reductions? We are the greenest country on the planet and can withstand much more fossil fuel use without seriously damaging the environment than any other industrialized nation. And we have the cleanest burning coal in the world, a 300 year supply. Solar is for rich guys like us, not your gardener who is doomed to suffer from high inflation driven by the green energy lobby. Drill for him.

No.  Pay him a decent wage. 



That shoveled more dirt on the grave.  Paying that kid $15 bucks to scoop my iced cream or flip my burger had effects all the way up the labor wage line and is a mighty contributor to the inflation spiral we find ourselves in.  Basic Econ 101 but the fools in DC just keep shovelings.  Change is a comin...we are going to enter the Reagan years again but getting there will not be fun (Carter years)

Title: Re: INFLATION IS OUR FRIEND
Post by: zovall on June 09, 2022, 02:03:43 PM

That shoveled more dirt on the grave.  Paying that kid $15 bucks to scoop my iced cream or flip my burger had effects all the way up the labor wage line and is a mighty contributor to the inflation spiral we find ourselves in.  Basic Econ 101 but the fools in DC just keep shovelings.  Change is a comin...

I expect at a certain point, automation will be adopted more
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 13, 2022, 09:04:59 AM
Fuel and Labor costs...Econ 101...

Food prices set to soar even MORE: Kraft, Tyson and McDonald's owners say higher fuel, labor and ingredient costs will be passed on to customers
Executives at companies like Kraft Heinz, Tyson Foods and McDonald's have announced they will continue to raise prices
The executives say they are passing the high costs of fuel, staff shortages and increased costs of grains on to consumers
The Labor Department reported on Friday that grocery prices were up 11.9% last month, while food away from home increased 7.4%
Now, many Americans are changing their consumption behaviors - buying cheaper brands, and eating out less
Companies are trying to keep customers with deals as they raise the prices

https://www.dailymail.co.uk/news/article-10908727/Kraft-Tyson-McDonalds-owners-say-higher-costs-passed-customers.html
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on June 13, 2022, 12:02:26 PM
Let's use the morekaos solution... drill for more food... or look to Texas. :)
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on June 13, 2022, 12:14:36 PM
Let's use the morekaos solution... drill for more food... or look to Texas. :)

Paying farmers not to grow food does have its consequences.  There are all sorts of backwards incentives built into the agriculture industry.
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on June 14, 2022, 10:41:09 AM
Another inflation loop to consider. Later this year the 2023 Cost Of Living (COLA) for benefits like SSI are going to be recalculated. I've read that some expect these benefits to rise between 8 and 11 percent. Imagine what that will do to SSI and other Benefits compared to the inflow of funds needed to fund these programs.

"May we live in interesting times" seems more like a curse today than a charming aphorism.

My.002c
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 14, 2022, 10:44:21 AM
Its not just the Cola adjustments, wait till the interest rates on Treasury bills, bonds and notes rise more.  The governments ability to fund its debt will become panful.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 14, 2022, 11:17:02 AM
Inflation is about to explode…now that this (Nobel prize winning) fool says it won’t…. ;D ;D >:D

Paul Krugman: Inflation is about to come down

The inflation report for March came in hot, as expected: Consumer prices are up 8.5 percent over the past year. But more than two years into the pandemic, we’re still living on COVID time, where things can change very fast — so fast that official data, even about the recent past, can give a misleading picture of what’s happening now.

In this case, the consumer price index — which roughly speaking measures average prices over the month — probably missed a downward turn that began in late March and is accelerating as you read this. Inflation will probably fall significantly over the next few months.

https://www.berkshireeagle.com/opinion/columnists/paul-krugman-inflation-is-about-to-come-down-but-don-t-get-too-excited/article_e873cfea-ba9f-11ec-b933-9baed88e0d60.html

Why does anyone even listen to these morons?  Spot on Paul!...

Wait. Didn’t The ‘Experts’ Tell Us Inflation Had Peaked Months Ago?

Bank of America analysts said inflation has “likely peaked.” So did Reuters. Forbes reported that consumer inflation likely peaked in March. Our alma mater, Investor’s Business Daily, was part of the “inflation has peaked” chorus. The New York Times ran a story on April 13 headlined: “Has U.S. Inflation Peaked?”

Here are some of the other headlines from that month:

Why inflation may have already peaked
Inflation Will Fall Soon, Economists Say
3 Signs Inflation May Have Peaked and Prices Could Come Back Down
Top investment banks are calling peak inflation after a red-hot report. Here’s why they think consumer prices are set to cool
Inflation at its peak | UBS United States of America
CPI Inflation Rate Surges To 8.5%, But May Be ‘The Peak’
4 Reasons Why the US Could Be Past Peak Inflation
And here are some of the quotes from the “experts”:

Pantheon chief economist Ian Shepherdson: “Core inflation has peaked, and this is the start of a run of bigger declines,” pointing out that softening vehicle prices could help usher in a “significant moderation” in inflation in the coming months.
Nationwide senior economist Ben Ayers: “Consumer inflation likely peaked in March as the Russian invasion caused a sharp spike in food and energy costs.”
Beth Ann Bovino, chief U.S. economist for S&P Global Ratings: “This is likely near or at the top of the price gains.”
Moody’s Analytics chief economist, Mark Zandi: “It feels like we’re topping out.”.
Ryan Detrick, chief market strategist for LPL Financial: thinks it’s likely that inflation has already reached a peak on its own, and that the Fed could start to pull back on interest rates by the second half of the year.
Analysts at UBS: expect inflation will likely peak in March and then fall “sharply.”
Rick Rieder, chief investment officer of global fixed income at BlackRock: The economy could be past peak inflation rates as some supply chain constraints have eased and demand has declined, said. Both core consumer price index (CPI) and personal consumption expenditures (PCE), which excludes food and energy inflation, peaked in March and February and should “move appreciably lower by the end of 2022,” Rieder wrote.
Of course, who can forget what our favorite “economist,” Paul Krugman, wrote in April: “inflation will probably fall significantly over the next few months.”

https://issuesinsights.com/2022/06/13/as-inflation-keeps-climbing-these-experts-owe-you-an-apology/
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 14, 2022, 07:21:14 PM
Is anyone but CalBruin or USC purchasing right now? I personally pulled back from levering up to get a unicorn property months ago based on how I read the tea leaves but I’m conservative by nature and support a family on my earnings and am well into a 1.99 15 yr. My equity portfolio seems to have priced in the looming stagflation but I feel that pain is still to come in residential real estate pricing, and given none of us have lived the bursting of a 40 yr bond bubble I fear the decline will be slow and long.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on June 14, 2022, 07:32:11 PM
Is anyone but CalBruin or USC purchasing right now? I personally pulled back from levering up to get a unicorn property months ago based on how I read the tea leaves but I’m conservative by nature and support a family on my earnings and am well into a 1.99 15 yr. My equity portfolio seems to have priced in the looming stagflation but I feel that pain is still to come in residential real estate pricing, and given none of us have lived the bursting of a 40 yr bond bubble I fear the decline will be slow and long.

There's a lot more people than just CalBear and I who bought.  I bought because the property that I purchased only comes around once every few years (at least for me) and I don't care what prices will do in 1, 2, 3, 5, or even 10 years as this is house is it for me.  Also, I have about 8 years in liquid reserves to cover payments for all my properties (including assuming my rentals don't generate rental income) so may be more risk tolerant than most but I also do it when I can I can financially manage the additional financial burden.
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on June 14, 2022, 07:46:27 PM
Is anyone but CalBruin or USC purchasing right now? I personally pulled back from levering up to get a unicorn property months ago based on how I read the tea leaves but I’m conservative by nature and support a family on my earnings and am well into a 1.99 15 yr. My equity portfolio seems to have priced in the looming stagflation but I feel that pain is still to come in residential real estate pricing, and given none of us have lived the bursting of a 40 yr bond bubble I fear the decline will be slow and long.

There's a lot more people than just CalBear and I who bought.  I bought because the property that I purchased only comes around once every few years (at least for me) and I don't care what prices will do in 1, 2, 3, 5, or even 10 years as this is house is it for me.  Also, I have about 8 years in liquid reserves to cover payments for all my properties (including assuming my rentals don't generate rental income) so may be more risk tolerant than most but I also do it when I can I can financially manage the additional financial burden.

I am keeping getting outbid.  :)
Title: Re: INFLATION IS OUR FRIEND
Post by: The California Court Company on June 14, 2022, 08:48:36 PM
there is a difference between primary and investment properties. if a house that is exactly what you are looking for, and you can afford it, plan to stay it long term (forever home for Calbears and unicorn for USC) it really doesn't matter if you overpay it by 10 or 20%.....you only live it once.

Is anyone but CalBruin or USC purchasing right now? I personally pulled back from levering up to get a unicorn property months ago based on how I read the tea leaves but I’m conservative by nature and support a family on my earnings and am well into a 1.99 15 yr. My equity portfolio seems to have priced in the looming stagflation but I feel that pain is still to come in residential real estate pricing, and given none of us have lived the bursting of a 40 yr bond bubble I fear the decline will be slow and long.

There's a lot more people than just CalBear and I who bought.  I bought because the property that I purchased only comes around once every few years (at least for me) and I don't care what prices will do in 1, 2, 3, 5, or even 10 years as this is house is it for me.  Also, I have about 8 years in liquid reserves to cover payments for all my properties (including assuming my rentals don't generate rental income) so may be more risk tolerant than most but I also do it when I can I can financially manage the additional financial burden.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on June 14, 2022, 08:52:13 PM
there is a difference between primary and investment properties. if a house that is exactly what you are looking for, and you can afford it, plan to stay it long term (forever home for Calbears and unicorn for USC) it really doesn't matter if you overpay it by 10 or 20%.....you only live it once.

Is anyone but CalBruin or USC purchasing right now? I personally pulled back from levering up to get a unicorn property months ago based on how I read the tea leaves but I’m conservative by nature and support a family on my earnings and am well into a 1.99 15 yr. My equity portfolio seems to have priced in the looming stagflation but I feel that pain is still to come in residential real estate pricing, and given none of us have lived the bursting of a 40 yr bond bubble I fear the decline will be slow and long.

There's a lot more people than just CalBear and I who bought.  I bought because the property that I purchased only comes around once every few years (at least for me) and I don't care what prices will do in 1, 2, 3, 5, or even 10 years as this is house is it for me.  Also, I have about 8 years in liquid reserves to cover payments for all my properties (including assuming my rentals don't generate rental income) so may be more risk tolerant than most but I also do it when I can I can financially manage the additional financial burden.

Bingo, the most valuable asset in life is time.
Title: Re: INFLATION IS OUR FRIEND
Post by: zovall on June 14, 2022, 08:56:18 PM
Is anyone but CalBruin or USC purchasing right now? I personally pulled back from levering up to get a unicorn property months ago based on how I read the tea leaves but I’m conservative by nature and support a family on my earnings and am well into a 1.99 15 yr. My equity portfolio seems to have priced in the looming stagflation but I feel that pain is still to come in residential real estate pricing, and given none of us have lived the bursting of a 40 yr bond bubble I fear the decline will be slow and long.

How do you think the Bay will fare compared to Irvine?
Title: Re: INFLATION IS OUR FRIEND
Post by: Soylent Green Is People on June 14, 2022, 09:33:24 PM
A forum similar to TI that I follow. It's Bay Area Real Estate and Tech focused.

https://realestateforums.net/t/uh-oh-the-layoffs-begin/1062?page=15
Title: Re: INFLATION IS OUR FRIEND
Post by: Compressed-Village on June 14, 2022, 09:42:38 PM
For a tech rich area, that forum suck-a** compare to TalkIrvine. Well organized and easy to read. It will go down in flame.  ;D
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 15, 2022, 07:44:40 AM
there is a difference between primary and investment properties. if a house that is exactly what you are looking for, and you can afford it, plan to stay it long term (forever home for Calbears and unicorn for USC) it really doesn't matter if you overpay it by 10 or 20%.....you only live it once.

Is anyone but CalBruin or USC purchasing right now? I personally pulled back from levering up to get a unicorn property months ago based on how I read the tea leaves but I’m conservative by nature and support a family on my earnings and am well into a 1.99 15 yr. My equity portfolio seems to have priced in the looming stagflation but I feel that pain is still to come in residential real estate pricing, and given none of us have lived the bursting of a 40 yr bond bubble I fear the decline will be slow and long.

There's a lot more people than just CalBear and I who bought.  I bought because the property that I purchased only comes around once every few years (at least for me) and I don't care what prices will do in 1, 2, 3, 5, or even 10 years as this is house is it for me.  Also, I have about 8 years in liquid reserves to cover payments for all my properties (including assuming my rentals don't generate rental income) so may be more risk tolerant than most but I also do it when I can I can financially manage the additional financial burden.

Bingo, the most valuable asset in life is time.
Recall my prediction is close to a 40% hit, and I'm very sure we'll see that, especially above $2M, especially in OC without the organic high paying job base. I am very confident rates will now pass 8% as the Fed is intent on deterring purchases at current pricing levels, and a crapload of boomers all across the 15M+ population SoCal area are going to be panicked sellers over the next 1-2 years as they try to get themselves out of CA. Boomers and job losses, especially in FIRE as SG pointed out, will drive the inventory.

It would eat at me if I overpayed by 20%, let alone 40%.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 15, 2022, 07:54:07 AM
there is a difference between primary and investment properties. if a house that is exactly what you are looking for, and you can afford it, plan to stay it long term (forever home for Calbears and unicorn for USC) it really doesn't matter if you overpay it by 10 or 20%.....you only live it once.

Is anyone but CalBruin or USC purchasing right now? I personally pulled back from levering up to get a unicorn property months ago based on how I read the tea leaves but I’m conservative by nature and support a family on my earnings and am well into a 1.99 15 yr. My equity portfolio seems to have priced in the looming stagflation but I feel that pain is still to come in residential real estate pricing, and given none of us have lived the bursting of a 40 yr bond bubble I fear the decline will be slow and long.

There's a lot more people than just CalBear and I who bought.  I bought because the property that I purchased only comes around once every few years (at least for me) and I don't care what prices will do in 1, 2, 3, 5, or even 10 years as this is house is it for me.  Also, I have about 8 years in liquid reserves to cover payments for all my properties (including assuming my rentals don't generate rental income) so may be more risk tolerant than most but I also do it when I can I can financially manage the additional financial burden.

Bingo, the most valuable asset in life is time.
Recall my prediction is close to a 40% hit, and I'm very sure we'll see that, especially above $2M, especially in OC without the organic high paying job base. I am very confident rates will now pass 8% as the Fed is intent on deterring purchases at current pricing levels, and a crapload of boomers all across the 15M+ population SoCal area are going to be panicked sellers over the next 1-2 years as they try to get themselves out of CA. Boomers and job losses, especially in FIRE as SG pointed out, will drive the inventory.

It would eat at me if I overpayed by 20%, let alone 40%.

USC - your situation is unique in terms of flexibility as a single guy without kids which enables a much different mental framework when contemplating leverage and survivability of liquid assets in the event of an extreme downturn, but sounds like you're in great shape and I hope you find your unicorn to be fulfilling - it's a beautiful property.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 15, 2022, 08:03:35 AM
Is anyone but CalBruin or USC purchasing right now? I personally pulled back from levering up to get a unicorn property months ago based on how I read the tea leaves but I’m conservative by nature and support a family on my earnings and am well into a 1.99 15 yr. My equity portfolio seems to have priced in the looming stagflation but I feel that pain is still to come in residential real estate pricing, and given none of us have lived the bursting of a 40 yr bond bubble I fear the decline will be slow and long.

How do you think the Bay will fare compared to Irvine?

It will decline but not as severe given the massive job base here, but people will feel poorer when RSUs don't provide the same boost. My neighborhood listings went from busy OHs to crickets literally over the last 2 months. The key difference up here is the paucity of good public schools - there is no Irvine where you have 5 quality public high schools in the same city and a variety of price points to get into those schools at. Any really good high school area starts at $2M, which is 4x what a mid-career 2 earner family pulls down here annually, so not too far off from traditional underwriting guidelines. Plus the business of enterprise software, especially as the drive to 800G makes the cloud experience more seamless, will continue to eat the world. Make sure your children major in CSCI!
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on June 15, 2022, 09:19:50 AM
Recall my prediction is close to a 40% hit, and I'm very sure we'll see that, especially above $2M, especially in OC without the organic high paying job base. I am very confident rates will now pass 8% as the Fed is intent on deterring purchases at current pricing levels, and a crapload of boomers all across the 15M+ population SoCal area are going to be panicked sellers over the next 1-2 years as they try to get themselves out of CA. Boomers and job losses, especially in FIRE as SG pointed out, will drive the inventory.


If I were a boomer who owns a house in CA, I would not sell..........ever.


I would rent my house out and move somewhere like idaho for the cheaper taxes.  Why?
~As a boomer, I probably refi'd to a 2.6% mortgage in 2021 or own the house outright.
~Prop 13 means I'm paying $2,500/year vs. my neighbor who just bought and pays $6,200/year.

Why would I ever sell?  Unless I need a big jolt of cash?

The goal is to maintain.  Why sell your 25 year old house when it will generate huge rent per month. 
rent is crazy expensive right now.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on June 15, 2022, 09:27:42 AM
Investment property in CA is like a goose that keeps giving you golden eggs.
As time drags on, the eggs get heavier and heavier.

I just raised my rent on my rental and my tenant accepted it .  Still below market rates.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 15, 2022, 09:57:34 AM
Recall my prediction is close to a 40% hit, and I'm very sure we'll see that, especially above $2M, especially in OC without the organic high paying job base. I am very confident rates will now pass 8% as the Fed is intent on deterring purchases at current pricing levels, and a crapload of boomers all across the 15M+ population SoCal area are going to be panicked sellers over the next 1-2 years as they try to get themselves out of CA. Boomers and job losses, especially in FIRE as SG pointed out, will drive the inventory.


If I were a boomer who owns a house in CA, I would not sell..........ever.


I would rent my house out and move somewhere like idaho for the cheaper taxes.  Why?
~As a boomer, I probably refi'd to a 2.6% mortgage in 2021 or own the house outright.
~Prop 13 means I'm paying $2,500/year vs. my neighbor who just bought and pays $6,200/year.

Why would I ever sell?  Unless I need a big jolt of cash?

The goal is to maintain.  Why sell your 25 year old house when it will generate huge rent per month. 
rent is crazy expensive right now.

Because many will need the cash - house rich/cash poor - especially for assisted living. Many boomers lived beyond their means for all those years of wage stagflation.
Title: Re: INFLATION IS OUR FRIEND
Post by: The California Court Company on June 15, 2022, 10:09:53 AM
exactly...the house we left behind in Irvine, was bought in 2011/2012, at the lowest price point and we also refied near the lowest rate...probably it will stay at rental forever...

we are very conservative and frugal, so all of our houses the market rent can easily cover PITI plus some.

Recall my prediction is close to a 40% hit, and I'm very sure we'll see that, especially above $2M, especially in OC without the organic high paying job base. I am very confident rates will now pass 8% as the Fed is intent on deterring purchases at current pricing levels, and a crapload of boomers all across the 15M+ population SoCal area are going to be panicked sellers over the next 1-2 years as they try to get themselves out of CA. Boomers and job losses, especially in FIRE as SG pointed out, will drive the inventory.


If I were a boomer who owns a house in CA, I would not sell..........ever.


I would rent my house out and move somewhere like idaho for the cheaper taxes.  Why?
~As a boomer, I probably refi'd to a 2.6% mortgage in 2021 or own the house outright.
~Prop 13 means I'm paying $2,500/year vs. my neighbor who just bought and pays $6,200/year.

Why would I ever sell?  Unless I need a big jolt of cash?

The goal is to maintain.  Why sell your 25 year old house when it will generate huge rent per month. 
rent is crazy expensive right now.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on June 15, 2022, 11:46:10 AM
there is a difference between primary and investment properties. if a house that is exactly what you are looking for, and you can afford it, plan to stay it long term (forever home for Calbears and unicorn for USC) it really doesn't matter if you overpay it by 10 or 20%.....you only live it once.

Is anyone but CalBruin or USC purchasing right now? I personally pulled back from levering up to get a unicorn property months ago based on how I read the tea leaves but I’m conservative by nature and support a family on my earnings and am well into a 1.99 15 yr. My equity portfolio seems to have priced in the looming stagflation but I feel that pain is still to come in residential real estate pricing, and given none of us have lived the bursting of a 40 yr bond bubble I fear the decline will be slow and long.

There's a lot more people than just CalBear and I who bought.  I bought because the property that I purchased only comes around once every few years (at least for me) and I don't care what prices will do in 1, 2, 3, 5, or even 10 years as this is house is it for me.  Also, I have about 8 years in liquid reserves to cover payments for all my properties (including assuming my rentals don't generate rental income) so may be more risk tolerant than most but I also do it when I can I can financially manage the additional financial burden.

Bingo, the most valuable asset in life is time.
Recall my prediction is close to a 40% hit, and I'm very sure we'll see that, especially above $2M, especially in OC without the organic high paying job base. I am very confident rates will now pass 8% as the Fed is intent on deterring purchases at current pricing levels, and a crapload of boomers all across the 15M+ population SoCal area are going to be panicked sellers over the next 1-2 years as they try to get themselves out of CA. Boomers and job losses, especially in FIRE as SG pointed out, will drive the inventory.

It would eat at me if I overpayed by 20%, let alone 40%.

I'm quite confident that your prediction about 40% drop is completely wrong. Also, I bought at the end of 2021, so I didn't really overpay that much. Housing price has gone up about 20% since I bought. I don't think housing price will drop more than 20%, which means it will just drop back to what I paid.

But the most important thing, as CV and Martin already said, this is my primary residence, and forever home at that, so I don't care even if it does drop 40%, meaning I overpaid by 20%.

This may not be the unicorn home, but it checked out almost all the boxes we desired: new construction (a MUST for my wife), location (unlike some TI'ers, we love PS), floorplan (we love IP's cookie cutter floorplan  ;D). And it has a good size lot too, unlike most of the homes in Irvine.

The only box that didn't check for me is the lack of driveway, but it's not that important to my wife. Personally, I would have prefer Highland, which checked out two more boxes for me, driveway and NO parking on the street. I'm probably the only person in the world who likes the idea of no parking on the street.  ;D Unfortunately, the Highland home that we would have got would come with extremely small lot. So we decided on the bigger lot (plus some privacy) over driveway.

The main driving factor for us is that there aren't many new construction left in Irvine. We don't like Great Park, so that only leaves PS and OH. PS will be built out soon and OH is going to be too expensive for us, so we can't wait. And, of course, if we don't buy in Irvine, we can't sell our Eastvale home either, so if a drop is coming, that one will most likely drop even more.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on June 15, 2022, 11:59:32 AM
Investment property in CA is like a goose that keeps giving you golden eggs.
As time drags on, the eggs get heavier and heavier.

I just raised my rent on my rental and my tenant accepted it .  Still below market rates.


I listed a Baker Ranch rental listing for a client on Monday, I already have 5 applications.  Rental market is full steam ahead.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on June 15, 2022, 12:02:02 PM
there is a difference between primary and investment properties. if a house that is exactly what you are looking for, and you can afford it, plan to stay it long term (forever home for Calbears and unicorn for USC) it really doesn't matter if you overpay it by 10 or 20%.....you only live it once.

Is anyone but CalBruin or USC purchasing right now? I personally pulled back from levering up to get a unicorn property months ago based on how I read the tea leaves but I’m conservative by nature and support a family on my earnings and am well into a 1.99 15 yr. My equity portfolio seems to have priced in the looming stagflation but I feel that pain is still to come in residential real estate pricing, and given none of us have lived the bursting of a 40 yr bond bubble I fear the decline will be slow and long.

There's a lot more people than just CalBear and I who bought.  I bought because the property that I purchased only comes around once every few years (at least for me) and I don't care what prices will do in 1, 2, 3, 5, or even 10 years as this is house is it for me.  Also, I have about 8 years in liquid reserves to cover payments for all my properties (including assuming my rentals don't generate rental income) so may be more risk tolerant than most but I also do it when I can I can financially manage the additional financial burden.

Bingo, the most valuable asset in life is time.
Recall my prediction is close to a 40% hit, and I'm very sure we'll see that, especially above $2M, especially in OC without the organic high paying job base. I am very confident rates will now pass 8% as the Fed is intent on deterring purchases at current pricing levels, and a crapload of boomers all across the 15M+ population SoCal area are going to be panicked sellers over the next 1-2 years as they try to get themselves out of CA. Boomers and job losses, especially in FIRE as SG pointed out, will drive the inventory.

It would eat at me if I overpayed by 20%, let alone 40%.

I have a 2.375% 30-fixed rate on my Tustin Ranch home and I'll be about $1,500 cash flow positive when I rent it out so that home is not hitting the market anytime soon.  There are a lot of owners out there who have fixed rates in the 2% to 3% range and those people are not going to be selling until they absolutely have to.  That's going to keep a lot of inventory off the market.  And where are all those people who have gotten priced out due to the high prices and high rates going to live?  That's right, rental properties and that's why the rental market is still hot.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on June 15, 2022, 12:09:49 PM
I met another of my rental tenants last night.  They have been renting my house since 2017.
I was going to raise their rent, but decided not to since the house looked great, and they also put in upgrades.


I think the dude was nervous last night as he kept showing me how great he kept up the house.
I appreciated it and I guess it worked on me cause now I'm just leaving the rent the same.




Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on June 15, 2022, 12:51:16 PM
I met another of my rental tenants last night.  They have been renting my house since 2017.
I was going to raise their rent, but decided not to since the house looked great, and they also put in upgrades.


I think the dude was nervous last night as he kept showing me how great he kept up the house.
I appreciated it and I guess it worked on me cause now I'm just leaving the rent the same.


I'm the same way, I have a few rentals where I'm several hundreds below the market on the rent but my tenants are great and pay on time like clockwork and don't call to bug me about little things so I've kept the rent the same for years.  Given that their rent is way under market I may have them as tenants for a long time. As I tell my landlord clients, good tenants are worth their weight in gold.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on June 15, 2022, 12:57:55 PM
I met another of my rental tenants last night.  They have been renting my house since 2017.
I was going to raise their rent, but decided not to since the house looked great, and they also put in upgrades.


I think the dude was nervous last night as he kept showing me how great he kept up the house.
I appreciated it and I guess it worked on me cause now I'm just leaving the rent the same.

I wish I got tenants like yours.

My tenants pretty much trashed my house in Lake Elsinore. TWICE. Spent a lot of money on repairs and renovations each time. That's why I'm selling that house now. Will never be landlord again.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on June 15, 2022, 02:02:07 PM
I've had some good and bad and ok renters.
You should keep at it and rent out your Elsinore house.
You can have a property management company do it for you and pay the fee.

Once you get the house sold, where you gonna put the cash?
the stock market?


I guess cash is a good play right now.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on June 15, 2022, 02:31:39 PM
I've had some good and bad and ok renters.
You should keep at it and rent out your Elsinore house.
You can have a property management company do it for you and pay the fee.

Once you get the house sold, where you gonna put the cash?
the stock market?


I guess cash is a good play right now.

I had been using property management company and the fee is only $99 a month.

Another con with the Lake Elsinore home is HoA, which is a real pain in the ass. They keep sending me violation letters. I don't even know why there's HoA since there's absolutely no amenities at all.

There's no way in hell I'm keeping the Lake Elsinore home. It's been under water for the past 16 years and it's finally above water so we can't get rid of it fast enough.
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on June 15, 2022, 02:37:49 PM
I've had some good and bad and ok renters.
You should keep at it and rent out your Elsinore house.
You can have a property management company do it for you and pay the fee.

Once you get the house sold, where you gonna put the cash?
the stock market?


I guess cash is a good play right now.

I think it's a good thing he's selling it.  Properties in the IE will get hammered in the downturn and these high gas prices plus the tenant pool is not as strong as what you'll find in Orange County.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on June 15, 2022, 02:52:19 PM
I've had some good and bad and ok renters.
You should keep at it and rent out your Elsinore house.
You can have a property management company do it for you and pay the fee.

Once you get the house sold, where you gonna put the cash?
the stock market?


I guess cash is a good play right now.

I think it's a good thing he's selling it.  Properties in the IE will get hammered in the downturn and these high gas prices plus the tenant pool is not as strong as what you'll find in Orange County.

Exactly.
Title: Re: INFLATION IS OUR FRIEND
Post by: ChiKid24 on June 15, 2022, 03:51:11 PM



I have a 2.375% 30-fixed rate on my Tustin Ranch home and I'll be about $1,500 cash flow positive when I rent it out so that home is not hitting the market anytime soon.  There are a lot of owners out there who have fixed rates in the 2% to 3% range and those people are not going to be selling until they absolutely have to.  That's going to keep a lot of inventory off the market.  And where are all those people who have gotten priced out due to the high prices and high rates going to live?  That's right, rental properties and that's why the rental market is still hot.

I'm probably in the minority here, but offering up a counter point as this is something I contemplated before ultimately deciding to sell our place. We're looking to upsize and move about 10 miles SW from current location. Our oldest kid started at a K-8 charter school (free) that is a great fit and so we're committed to that school for 10+ years (for her and our younger son when he's older). Currently wife and I have been doing a 30-minute morning drive for drop-off before heading to office. That worked in the covid / hybrid work world, but wife is going to have to start going back to office. So here's what I debated.

1) Buy new house (was pre-approved without sale contingency) in area we have been eyeing close to school, then sell/rent current home
2) Sell/rent current home, then rent while we look for new house.

I went with option 2 as I was very worried about buying high and selling after housing market softened. We closed on our sale a few weeks ago. Agent said we couldn't have timed it better as activity has drastically sold.

Now why did I sell vs rent it out, especially with a 2.375% 30-year and a pre-approval to buy without a sale contingency? A few things.

1) Cap gains avoidance. We were well over the $500k capital gain exclusion on the sale. So pocketing $500k worth of gains tax-free felt like a big win.

2) Fear of tenants trashing the house. We sold for a bit under $2M. We treated the place well because it was our home. While I know there are great tenants out there, many don't have the same pride of ownership I do. Too big a risk at that property value.

3) Return on equity. This was probably the biggest driver as I'm a numbers guy. The equity in the place was over $1M. My overall cost of ownership (PITIA) was about $4,500/month. My guess is we could have rented it for $5,500-$6,500/month, so cleared $1-2K a month. But that assumes no vacancy, repairs, management fee/my time, etc., which we all know will happen from time to time. So clearing $12-$24k per year (excluding those extra costs) on $1M in equity is a paltry 1.2% to 2.4% return. Yes there is mortgage paydown happening which increases the equity, but there is also risk of housing price decline. 

In the end, selling and pocketing the cash, while avoiding $500k in cap gains won out. Plan is to much of it as a down payment on the bigger house, maybe even get lucky and it's after prices have come down a bit. With the way mortgage rates are trending, lowering a 4.5% mortgage when we buy makes more sense than the 1.2% return on a rental. My bank also has more attractive jumbo pricing if you put 40% down. Currently that cash is getting 3% at HM Bradley (capped at $100k), 1.35% at GS Marcus (includes referral bonus), and 1.4% in 8-week treasuries (state tax free). I also put some in the market this week as we had excess on top of what we need for a down payment.

Just thought I would share the counter point to sell vs rent decision and how I looked at it.

Title: Re: INFLATION IS OUR FRIEND
Post by: The California Court Company on June 15, 2022, 05:31:11 PM
Quote
1) Buy new house (was pre-approved without sale contingency) in area we have been eyeing close to school, then sell/rent current home
We did option 1 last year and all I can say absolutely there are no regrets. Our current house checks all the boxes and I really like this neighborhood which only has like 20-30 houses total and the houses with the lot/location and floor plan that we would consider is less than half of that so on average a house will be available every couple of years....it really made no sense to rent and wait out the market if the buying opportunity presented itself...
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on June 15, 2022, 06:12:41 PM
Quote
1) Buy new house (was pre-approved without sale contingency) in area we have been eyeing close to school, then sell/rent current home
We did option 1 last year and all I can say absolutely there are no regrets. Our current house checks all the boxes and I really like this neighborhood which only has like 20-30 houses total and the houses with the lot/location and floor plan that we would consider is less than half of that so on average a house will be available every couple of years....it really made no sense to rent and wait out the market if the buying opportunity presented itself...


I think #1 is harder to do today with higher rates (for those that finance).

And with prices slowing down.... #2 may be a better option as someone's dream that prices will finally drop significantly might come true.
Title: Re: INFLATION IS OUR FRIEND
Post by: The California Court Company on June 15, 2022, 06:47:36 PM
the problem is it all happened so quickly the rate doubled in less than half year...how can people time it?

Quote
1) Buy new house (was pre-approved without sale contingency) in area we have been eyeing close to school, then sell/rent current home
We did option 1 last year and all I can say absolutely there are no regrets. Our current house checks all the boxes and I really like this neighborhood which only has like 20-30 houses total and the houses with the lot/location and floor plan that we would consider is less than half of that so on average a house will be available every couple of years....it really made no sense to rent and wait out the market if the buying opportunity presented itself...


I think #1 is harder to do today with higher rates (for those that finance).

And with prices slowing down.... #2 may be a better option as someone's dream that prices will finally drop significantly might come true.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on June 15, 2022, 08:56:55 PM

Quote
2) Sell/rent current home, then rent while we look for new house.

My tenant who did option #2 back in 2018 just took a rental price increase from me.
Good tenant good guy.
He sold his house in Mission Viejo in 2018 and was gonna buy something when real estate dropped, so he is renting from me while he is waiting.
He was suppose to be out of my house by 2020.


It's probably a good time to sell now...shrug.
It doesn't matter to me.  I'm gonna keep my rentals forever.
They just keep laying golden eggs and I ain't fuckin' with it.


My smooth monkey brain wouldn't know what to do with all that scratch....
I'd end up spending all of it on hookers and blow.
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on June 15, 2022, 10:33:27 PM
He sold his house in Mission Viejo in 2018 and was gonna buy something when real estate dropped, so he is renting from me while he is waiting.
He was suppose to be out of my house by 2020.

He must have listened to the slowdowners... and unlike LL, didn't buy in 2020 with perfect timing.

It's okay... maybe next year... or next year... or next year.
Title: Re: INFLATION IS OUR FRIEND
Post by: ChiKid24 on June 15, 2022, 10:37:33 PM
To be clear, we are actively looking and have made offers on 5 homes in the past three months. My real fear was buying high and then selling after a drop. My intention is not to wait for a drop to buy as I tend to think things will flatten and unicorns will still get multiple bids. We're active in the market and not expecting to get something at a big discount.

Curious though if others would have rented out their place instead of sold. It's something I really debated and it probably eneded up being a 55/45 call.
Title: Re: INFLATION IS OUR FRIEND
Post by: irvinehomeowner on June 15, 2022, 10:47:57 PM
@ChiKid24:

I don't think there is a cut and dried right/wrong call... everyone needs to make the decision based on their own situation and finances.

One thing I didn't see is how is rent on your bottom line? Is it equitable to whatever your mortgage was? You don't have to share the exact numbers or even the area, but that was one of the issues when we rented for short period of time... comparing that cost to if we would have just re-bought instead.
Title: Re: INFLATION IS OUR FRIEND
Post by: CalBears96 on June 15, 2022, 11:10:56 PM
@ChiKid24:

I don't think there is a cut and dried right/wrong call... everyone needs to make the decision based on their own situation and finances.

One thing I didn't see is how is rent on your bottom line? Is it equitable to whatever your mortgage was? You don't have to share the exact numbers or even the area, but that was one of the issues when we rented for short period of time... comparing that cost to if we would have just re-bought instead.

I just think that it depends on whether or not you're cut out to be a landlord. For my Lake Elsinore home, the rent pretty much pays for all the costs related to the house, and some. But I'm just not cut out to be a landlord. I can't deal with the stupid ass HOA and I don't to stress out over missed payments. We were fortunate enough that our tenants never missed a payment, even during the pandemic, but we were stressed out about it.
Title: Re: INFLATION IS OUR FRIEND
Post by: OCtoSV on June 16, 2022, 08:35:43 AM
Did anyone else catch Art Laffer on Kudlow yesterday? His recipe for the Fed was monthly 100 bps increases in the Fed Funds rate all the way to 10% . I seem to recall some mockery from USC over my “Volcker moment” thesis on Powell. I think we’ll see it as  the only inflation the Fed can impact is housing market inflation, which will be reversed through huge rate increases and unfortunately widespread job losses.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on June 16, 2022, 12:26:28 PM
To be clear, we are actively looking and have made offers on 5 homes in the past three months. My real fear was buying high and then selling after a drop. My intention is not to wait for a drop to buy as I tend to think things will flatten and unicorns will still get multiple bids. We're active in the market and not expecting to get something at a big discount.

Curious though if others would have rented out their place instead of sold. It's something I really debated and it probably eneded up being a 55/45 call.

The $500,000 tax free gain is really tempting and would put me close to selling. 
However, the "What the hell do I do with $500,000+++" would have just made me hold the asset...cause you know...momoney moproblems.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 18, 2022, 08:40:57 AM
…and the 70’s are back…get a locking gas cap before they run out….. ;D ;D >:D

Thieves caught on camera drilling into gas tanks

SALT LAKE CITY — As gasoline prices soar, some thieves have resorted to stealing gas in a very dangerous way. One Salt Lake City business has been victimized multiple times. The business manager is fed up, and the thief has scars for his trouble.

https://ksltv.com/496132/thieves-caught-on-camera-drilling-into-gas-tanks/

Title: Re: INFLATION IS OUR FRIEND
Post by: daedalus on June 18, 2022, 02:33:25 PM
Oh, the irony of a "Fire Protection" business having its truck burned.

Hope that guy got some good pieces of gravel embedded in his freshly charred skin.

Parents of my daughters' friend told me of a business that found a valve tapped into the underside of a tank on one of their vehicles.  That's some real genius right there.  Rather than do the same amount of work each time, do the work once, and have a valve you can open and close easily for repeated thefts from a victim none the wise.
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on June 20, 2022, 04:21:50 PM
I've had some good and bad and ok renters.
You should keep at it and rent out your Elsinore house.
You can have a property management company do it for you and pay the fee.

Once you get the house sold, where you gonna put the cash?
the stock market?


I guess cash is a good play right now.

I think it's a good thing he's selling it.  Properties in the IE will get hammered in the downturn and these high gas prices plus the tenant pool is not as strong as what you'll find in Orange County.

Yep, this is the right move.  Sell now before lower pricing shows up in the numbers and begins shifting market psychology.  Wait a few years until the dust has settled before buying back in if you really want to be a landlord.
Title: Re: INFLATION IS OUR FRIEND
Post by: Liar Loan on June 22, 2022, 11:10:28 AM
Hey, here's some good news on the inflation front, but bad news for real estate investors.

Apartment Vacancy Has Ticked Up for Seven Consecutive Months

Apartment List’s data show vacancy ticked up for seven consecutive months, reaching 5 percent in May. Its rent growth index shows a corresponding trend, as price growth has decelerated this year compared to 2021.

“Even if vacancies continue their gradual easing, it won’t surpass 6 percent until well into next year on its current trajectory," the firm estimated.


https://www.globest.com/2022/06/21/apartment-vacancy-has-ticked-up-for-seven-consecutive-months/?slreturn=20220522130137
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on June 22, 2022, 12:56:17 PM
Rents (as I have said ) had several months lag on showing in the inflation numbers but now...here we are...

Skyrocketing Rent Is Driving Inflation
So why does no one care?

But one of the biggest drivers of inflation, at least according to the most recent Consumer Price Index report, has not elicited even a peep from the political class: the soaring cost of housing. According to the breakdown of services, the cost of shelter is now far outpacing airline tickets, as well other services combined, as a primary driver of inflation. In fact, as the Council of Economic Advisers reported, increase in rents was responsible for almost 40 percent of the core CPI number in May. Worse still, the shelter index’s 0.6 percent increase in May marked the largest monthly increase since March 2004, according to the Bureau of Labor Statistics. The year-over-year increase is the largest since February 1991.

https://prospect.org/economy/skyrocketing-rent-is-driving-inflation/
Title: Re: INFLATION IS OUR FRIEND
Post by: hpjet on June 26, 2022, 11:20:26 PM
Two of New Hampshire's major utility companies set to double electric prices beginning July:

"Liberty Utilities proposed increasing the per kilowatt hour price of electricity from 11.11 cents ... to 22.23 cents starting in July."  https://newhampshirebulletin.com/briefs/electric-prices-set-to-double/

"Eversource has proposed a dramatic hike in the cost of electricity for New Hampshire customers, more than doubling the price per kilowatt-hour, from 10.7 cents to 22.6 cents — and the utility warned bills will rise significantly." https://news.yahoo.com/eversource-set-double-price-electricity-225000845.html
Title: Re: INFLATION IS OUR FRIEND
Post by: The California Court Company on June 27, 2022, 06:49:12 AM
All the residents need to just install solar and problem solved


Two of New Hampshire's major utility companies set to double electric prices beginning July:

"Liberty Utilities proposed increasing the per kilowatt hour price of electricity from 11.11 cents ... to 22.23 cents starting in July."  https://newhampshirebulletin.com/briefs/electric-prices-set-to-double/

"Eversource has proposed a dramatic hike in the cost of electricity for New Hampshire customers, more than doubling the price per kilowatt-hour, from 10.7 cents to 22.6 cents — and the utility warned bills will rise significantly." https://news.yahoo.com/eversource-set-double-price-electricity-225000845.html
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on June 27, 2022, 08:07:13 AM
All the residents need to just install solar and problem solved


Two of New Hampshire's major utility companies set to double electric prices beginning July:

"Liberty Utilities proposed increasing the per kilowatt hour price of electricity from 11.11 cents ... to 22.23 cents starting in July."  https://newhampshirebulletin.com/briefs/electric-prices-set-to-double/

"Eversource has proposed a dramatic hike in the cost of electricity for New Hampshire customers, more than doubling the price per kilowatt-hour, from 10.7 cents to 22.6 cents — and the utility warned bills will rise significantly." https://news.yahoo.com/eversource-set-double-price-electricity-225000845.html

That was a secondary reason why I installed solar....it's just a matter of time before Edison bumps their rates up.
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on June 27, 2022, 07:44:28 PM
All the residents need to just install solar and problem solved


Two of New Hampshire's major utility companies set to double electric prices beginning July:

"Liberty Utilities proposed increasing the per kilowatt hour price of electricity from 11.11 cents ... to 22.23 cents starting in July."  https://newhampshirebulletin.com/briefs/electric-prices-set-to-double/

"Eversource has proposed a dramatic hike in the cost of electricity for New Hampshire customers, more than doubling the price per kilowatt-hour, from 10.7 cents to 22.6 cents — and the utility warned bills will rise significantly." https://news.yahoo.com/eversource-set-double-price-electricity-225000845.html

That was a secondary reason why I installed solar....it's just a matter of time before Edison bumps their rates up.

You mean like each year in the last decade?
Title: Re: INFLATION IS OUR FRIEND
Post by: USCTrojanCPA on June 27, 2022, 07:50:47 PM
All the residents need to just install solar and problem solved


Two of New Hampshire's major utility companies set to double electric prices beginning July:

"Liberty Utilities proposed increasing the per kilowatt hour price of electricity from 11.11 cents ... to 22.23 cents starting in July."  https://newhampshirebulletin.com/briefs/electric-prices-set-to-double/

"Eversource has proposed a dramatic hike in the cost of electricity for New Hampshire customers, more than doubling the price per kilowatt-hour, from 10.7 cents to 22.6 cents — and the utility warned bills will rise significantly." https://news.yahoo.com/eversource-set-double-price-electricity-225000845.html

That was a secondary reason why I installed solar....it's just a matter of time before Edison bumps their rates up.

You mean like each year in the last decade?

I mean a large bump in power pricing.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on July 13, 2022, 09:18:04 AM
Having fun yet?… remember, you wanted this…..

Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify

The consumer price index increased 9.1% from a year ago in June, above the 8.8% Dow Jones estimate.
Excluding food and energy, core CPI rose 5.9%, compared with the 5.7% estimate.
Costs surged for gasoline, groceries, rent and dental care.
Adjusted for inflation, workers’ hourly wages fell 1% during the month and are down 3.6% from a year ago.

https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html?

Title: Re: INFLATION IS OUR FRIEND
Post by: Ready2Downsize on July 13, 2022, 09:58:13 AM
Having fun yet?… remember, you wanted this…..

Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify

The consumer price index increased 9.1% from a year ago in June, above the 8.8% Dow Jones estimate.
Excluding food and energy, core CPI rose 5.9%, compared with the 5.7% estimate.
Costs surged for gasoline, groceries, rent and dental care.
Adjusted for inflation, workers’ hourly wages fell 1% during the month and are down 3.6% from a year ago.

https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html?


Not a dem, but I'm beginning to feel sorry for Biden even though much of this is his doing. It's as if all the plagues are being thrown at him. LOL!

Having stuffed mushrooms for dinner. They are $2 a pound here. Haven't seen that price in many many years and it's a low for this area too. Hoping snow peas drop so I can use my $3 a pound shrimp I got yesterday.
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on July 13, 2022, 10:43:45 AM
I am a leading indicator.
The price increase I was planning for 4th QTR 2022 has evaporated.

I'm predicting my prices to be flat to lower...
My customers who sell to the end users will probably lower prices at the beginning of 2023 if not sooner.

20 foot containers from Asia to Long Beach were at $20,000 at the peak.  Now at $8,700.  Pre-pandemic $2,500


We are getting ready to deflate.
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on July 13, 2022, 12:38:20 PM
A recession is the natural next step in the business cycle. Or we go into a period of stagflation. Either one, this will not be fun.  The Fools saying that “a recession is not inevitable” are the same fools who said inflation will be transitory. They will again be wrong. ;D ;D >:D
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on July 13, 2022, 12:56:24 PM
After blaming everyone from Putin, oil companies, to gas station owners for the price of energy, (never looking in a mirror) …now the data is a liar….

Biden says 9.1% inflation is 'unacceptably high' but blames out-of-date figures that don't 'reflect full impact' of gas prices decreasing by 40 cents: BoA analysts say SEVERE recession is necessary

https://www.dailymail.co.uk/news/article-11009825/Inflation-hits-new-four-decade-high-9-1-June-higher-economists-predicted.html
Title: Re: INFLATION IS OUR FRIEND
Post by: The California Court Company on July 13, 2022, 12:57:11 PM
I feel sympathetic for people who are less fortunate than us (Talk Irvine posters): those who live paycheck to paycheck and are an unexpected car repair bill away from running up credit card debt…
Title: Re: INFLATION IS OUR FRIEND
Post by: nosuchreality on July 13, 2022, 01:26:27 PM
I feel sympathetic for people who are less fortunate than us (Talk Irvine posters): those who live paycheck to paycheck and are an unexpected car repair bill away from running up credit card debt…

Other than inertia, I don’t understand why if you don’t own a home and make under $100,000 why you stay in Southern California?

I can think of demographic reasons why don’t want to move, but for your run of the mill nuclear family, single future nuke family, run!

Or am I jaded and it’s actually worse elsewhere for the segment where every restaurant isn’t paying$17+/hr to start and gig jobs are plentiful?
Title: Re: INFLATION IS OUR FRIEND
Post by: zubs on July 13, 2022, 01:31:53 PM
Powells interest rate hikes are working even if JUNE inflation numbers are 9.1%.
It's just people like me trying to milk that last few drops of profit before we head lower.
Title: Re: INFLATION IS OUR FRIEND
Post by: freedomcm on July 14, 2022, 06:40:56 AM
moving is expensive, particularly for families, even if low income.
Gap in paychecks is hard if you don't have $500 in the bank (which is majority of under $100k families)
Extended family support

and then there are those in unfortunate situations - job loss, health decline, never saved for retirement.

I feel sympathetic for people who are less fortunate than us (Talk Irvine posters): those who live paycheck to paycheck and are an unexpected car repair bill away from running up credit card debt…

Other than inertia, I don’t understand why if you don’t own a home and make under $100,000 why you stay in Southern California?

I can think of demographic reasons why don’t want to move, but for your run of the mill nuclear family, single future nuke family, run!

Or am I jaded and it’s actually worse elsewhere for the segment where every restaurant isn’t paying$17+/hr to start and gig jobs are plentiful?
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on July 18, 2022, 08:14:58 AM
Funny how it affects EVERYONE!  Even Smith....

AOC laments 'insane' cost of being congresswoman despite $174,000 salary

OC laments 'insane' cost of being congresswoman despite $174,000 salary

"I rent in both cities. It's so so much," she wrote. "We have to find a new apartment in NYC soon and I'm STRESSED. Rent is wild and the idea of [apartment] searching and moving while legislating and campaigning is yikes."

https://www.washingtonexaminer.com/news/house/aoc-laments-insane-cost-of-being-congresswoman
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on July 19, 2022, 09:37:42 AM
This is why we have hit the rocks…Stupid is as stupid does…
 
Not Ready for Prime Time Players: Majority of Biden Appointees have Zero Years of Business Experience
 
Based on our survey of the top 68 officials in the Biden administration, starting with the president himself, and including cabinet members, regulatory officials, and White House advisers, this study finds: • 62% of Biden appointees who deal with economic policy, regulation, commerce, energy and finance have virtually no business experience. • Only one in eight has extensive business experience. • Average business experience of Biden appointees is only 2.4 years. • Median years of business experience is zero. • The vast majority of the Biden economic/commerce team members are professional politicians, lawyers, community organizers, lobbyists, or government employees. We also compared the Biden administration's business experience to President Trump's cabinet officials during his last year in office. We found that the average Trump cabinet member had 13 years of business experience, and the median years of experience was 8. A breakdown of this analysis is available on our website.
 
https://committeetounleashprosperity.com/wp-content/uploads/2022/07/220718_CTUP_NoExperienceNecessary.pdf
 
Title: Re: INFLATION IS OUR FRIEND
Post by: morekaos on July 22, 2022, 08:10:23 AM
Inflation is about to explode…now that this (Nobel prize winning) fool says it won’t…. ;D ;D >:D

Paul Krugman: Inflation is about to come down

The inflation report for March came in hot, as expected: Consumer prices are up 8.5 percent over the past year. But more than two years into the pandemic, we’re still living on COVID time, where things can change very fast — so fast that official data, even about the recent past, can give a misleading picture of what’s happening now.

In this case, the consumer price index — which roughly speaking measures average prices over the month — probably missed a downward turn that began in late March and is accelerating as you read this. Inflation will probably fall significantly over the next few months.

https://www.berkshireeagle.com/opinion/columnists/paul-krugman-inflation-is-about-to-come-down-but-don-t-get-too-excited/article_e873cfea-ba9f-11ec-b933-9baed88e0d60.html

Idiots!… ;D ;D >:D

“I Was Wrong Abou