Posted on 05/29/2021 11:16:03 AM PDT by blam
That sounds about right based on my consumer and business purchases. 15 years at 6% is prices going up 2.4X which sounds about right.
10 years at 6% means losing 90% of your saved dollar’s purchasing power. Rough on retirees. That’s why we are heavy in equities and real estate.
So, like NO MORE FREE SAMPLES? D@mmit! This is AMERICA! I demand free stuff! *SNORT*
My Step-Dad’s (RIP) favorite thing to do was to see how many free samples he could eat on ‘Free Sample Wednesdays’ at their local Costco.
Everybody needs a hobby, I guess. ;)
Not to worry. The media has dusted off the “unexpected” playbook from Obama where every bad thing was proof how wonderful things were. “Funemployment.” High gasoline meant the economy was booming even when it was not. Shovel ready wasn’t quite “shovel ready.” Joe Biden is in charge of massive infrastructure spending and you better not test Sherriff Joe.
“Of course the Gasoline price increases are evident everyday when we drive by any filling station.”
I have a VW Golf that needed gas and I needed to fill the gas can for the mower. The VW was 1/4 full, the gas can held 4 gallons.
$50.39 for Premium. $3.15 a gallon.
(Beau doesn’t want any CORN in gas we use in mowers, the tractor, etc.)
Oh, it’s here, Baby! Big Time!
I'll give you an exact 1st hand experience.
Right after hurricane Katrina I had to replace a pane of glass and I paid $8.00 and change.
Now, last year after hurricane Sally, I replaced the exact same pane of glass. I bought the glass, same size, etc at the same place, price $24.00 and change.
Three X price increase in 15 years.
No-one I know does.
Your remarks re the Gas prices was what the Produce Manager in the store was telling us.
Higher Gasoline/Diesel prices impact basically everything in produce from planting, raising, harvesting and transporting the produce to the market to be sold.
“Oh, it’s here, Baby! Big Time!”
I wonder how long can they keep their “loss leader” hot dog at $1.50?
Resident Biden
never ever going to call that socialist election thief the cic term
They don’t have it in Alaska anymore.
It’s your state or city that is enforcing covidiocy.
Yup, we’ve been discussing here where to increase the prices of produce to compensate for MA $15/min wage, gas increases, the 86% increase in unemployment tax, etc. The unemployment increase was a big surprise, but they have to have someone pay for all the unemployment the state has doled out (we’ve been at full employment at the farm and markets)...but I guess they needed another thing to kill the remaining businesses.
So Costco does not sell paper products? Is that correct?
China is the number one producer/exporter of pulp and paper.
“Galanti cited prices from goods including pulp and paper,”
I can confirm this from just this weekends trip to Costco.
“The top U.S. import commodities from China are fruits and vegetables (fresh/processed), snack food, spices, and tea – the combined which accounts for nearly one-half of the total U.S. agricultural imports from China.”
They have. Free samples start next month.
Even the pricing at Walmart is going up. We just came from there. Hubby is very upset by the "shrinkage" in the ice cream aisle, where the brand we usually get is in a smaller carton now; but they are charging more money for it.
I admire your plan and your perseverance. Inspiring to me.
My best to you.
He had some inheritance money and made a small website for investing. He was discovered, and hired, by a firm in CA to pick investments for a hedge fund. (I believe he ended up predicting the .com bubble).
In 2005, he predicted the housing market would crash by second quarter 2007. He was able to do that b/c he did what no one else did......he read the (literally) thousands of underlying mortgages within mortgage backed securities and by researching mortgage fraud. Everyone called him crazy.
He pretty much invented the credit default swap, by having several investment banks create him a market to short the housing bonds. Basically, the idiot banks thought they were getting free money from him. The investment helped his investors when the market crashed - and turned a 489% profit.
He tried to contact the government after the crash (SEC I think) to see if they wanted to learn how he was able to predict the crash with such accuracy. They never returned his calls, but he did get three audits by the IRS and investigated by the FBI for his trouble.
Recently, he took to twitter and made his remarks about hyperinflation - noting that people tried to claim he didn't warn anyone about the housing market......so this time he was warning people and no one could say he didn't. He also included a link to an online book detailing the Weimar and American inflations.
He subsequently got a call and threats from the SEC, and so deleted his twitter account.
After the crash, he was disgusted by the way he was treated by his clients, and closed the fund (I think he eventually re-opended it).
He also predicted the GME boom, among a couple of other things.
In short, Burry seems like a good dude trying to do what he thinks is the right thing by warning people so they can prepare for financial hardship.
If there's anyone who has probably locked himself in a room for weeks on end to analyze the U.S. economy......it's Burry.
--
There was a book, and movie by the same title, "The Big Short," that gives a true account of the housing bubble and crash. It is an account of a group of misfits (Burry) who saw it coming. The movie is actually pretty good.
Container shipping costs never exceeded $3000 from 2016-2020. It has now avg $6,527. I’ve heard as high as $10,000 for some. (Shanghai to Rotterdam $10,127).
So...is he predicting hyperinflation in our near future?
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