Author Topic: INFLATION IS OUR FRIEND  (Read 56159 times)

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Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #630 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/

Offline zubs

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Re: INFLATION IS OUR FRIEND
« Reply #631 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....



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.

Offline zubs

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Re: INFLATION IS OUR FRIEND
« Reply #632 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.

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.

Offline zubs

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Re: INFLATION IS OUR FRIEND
« Reply #633 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.

Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #634 on: May 20, 2022, 09:21:15 AM »

Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #635 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


Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #636 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...

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Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #637 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


Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #638 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

Offline zubs

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Re: INFLATION IS OUR FRIEND
« Reply #639 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*




Cause I bought solar panels and an electric car not long ago...

Offline irvinehomeowner

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Re: INFLATION IS OUR FRIEND
« Reply #640 on: June 03, 2022, 02:18:19 PM »
That really seems cheap now, Huh?... :D :D >:D

So does my EV.
Once you go 3-car garage... your junk can never go back.
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Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #641 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

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Offline irvinehomeowner

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Re: INFLATION IS OUR FRIEND
« Reply #642 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.
Once you go 3-car garage... your junk can never go back.
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Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #643 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.

Offline akula1488

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Re: INFLATION IS OUR FRIEND
« Reply #644 on: June 05, 2022, 10:30:48 AM »

 

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