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Re: The Inflation Thread 2021-22

Posted: Fri Jul 15, 2022 9:25 pm
by Ceetar
Cars aren't really a great example anyway, it's the gas going into cars, tightly controlled by collaboration and collusion. And these people use money to buy power to do things like manipulate the prices in order to gouge customers, as well as political clout (i.e. money) to fight against alternative fuels.

Look at baby formula. monopolistic policies to exclude foreign formula, as well as _literally_ limit poor people's options to 1. And then one goes bad and ...oopsies, babies die. That's pure capitalism. Monopolies ARE the end goal. Look how hard Apple (and others) fought against even allowing you to fix your iPhone yourself. Look at roughly every cable provider. If you're lucky you might have a second one now in Fios or Satellite, but not always. Same for internet.

Re: The Inflation Thread 2021-22

Posted: Fri Jul 15, 2022 10:15 pm
by kcmets
I have UAW stories of what was going on at the GM plant in Tarrytown
that are flat out crazy in the late 80's. It's amazing cars got built.

Re: The Inflation Thread 2021-22

Posted: Fri Jul 15, 2022 10:18 pm
by Edgy MD
Yeah, while prices of hard goods make for good economic forecasting and indicating, prices of consumables is where the inflation rubber hits the road, for lack of a better metaphor.

I've got a crack in the windshield of my 10-year-old Mazda that was 12 inches long 18 months ago and is now closer to 36 inches and I'm in no hurry to replace it. But I can't stretch the lifetime of milk and bread so much.

Re: The Inflation Thread 2021-22

Posted: Fri Jul 15, 2022 10:46 pm
by Frayed Knot
Cable TV, in many areas, is ABSOLUTELY an anti-competitive monopoly specifically because it has (usually local) govt support. A free(r) market in TV/Internet would be MUCH better for consumers.

Re: The Inflation Thread 2021-22

Posted: Sun Aug 21, 2022 8:14 am
by Lefty Specialist
Chicken wings are now cheaper than before the pandemic. Thanks, Joe Biden.

https://www.nbcnews.com/news/amp/rcna43601

Re: The Inflation Thread 2021-22

Posted: Sun Aug 21, 2022 9:36 am
by whippoorwill
$2.39 for a six pack of store brand eggs

Re: The Inflation Thread 2021-22

Posted: Sun Aug 21, 2022 10:04 am
by kcmets
Eggs are one of the things that have stayed crazy here. We only eat eggs
on Sunday so it's no big thing. I bought some hot dogs, onions in sauce and
some pickles yesterday and it was over $20 hahaha. Thanks, Aaron Boone.

Re: The Inflation Thread 2021-22

Posted: Sun Aug 21, 2022 11:27 am
by whippoorwill
Yeah we don’t eat many eggs either (we probably throw out more than we eat) but when you think about needing them for meatballs, meatloaf, etc, you have to buy them

The place we get wings from doubled their price since last summer, and also their pizza, which we don’t understand

Re: The Inflation Thread 2021-22

Posted: Mon Aug 22, 2022 8:18 am
by Lefty Specialist
Anyone who's doubled their price for anything should be called out for it. Maybe it's time to find a new pizza place. A big part of the inflation problem is people taking advantage of it to jack up prices. Voting with your feet can stop that- that's the marketplace working.

Re: The Inflation Thread 2021-22

Posted: Mon Aug 22, 2022 8:41 am
by whippoorwill
Yes this place has the best pizza…but even when things reopened you could hardly ever catch them open
The price gouging is just icing on the cake

My favorite taco salad is now $17.

Re: The Inflation Thread 2021-22

Posted: Wed Oct 05, 2022 8:35 am
by kcmets
MFS62 wrote: Sat Dec 18, 2021 8:28 am
kcmets wrote: Fri Dec 17, 2021 8:17 pm Got a heating oil delivery today. Expected sticker shock per gallon but it was pretty reasonable compared to the increasing gasoline nonsense going
on here.
Same thing. I got a heating oil delivery @ $3.09 per gallon, which surprised me that it was less than the $3.45 - $3.49 local price for regular gas.
Got our first taste of the heating-season fun. $4.69/gallon. Fucking Mattingly...

Re: The Inflation Thread 2021-22

Posted: Wed Oct 05, 2022 10:22 am
by MFS62
kcmets wrote: Wed Oct 05, 2022 8:35 am Got our first taste of the heating-season fun. $4.69/gallon. Fucking Mattingly...
Pete Rose bet the over.
Later

Re: The Inflation Thread 2021-22

Posted: Wed Oct 05, 2022 3:45 pm
by kcmets
What's Pete's over/under on Boar's Head pastrami?

Re: The Inflation Thread 2021-22

Posted: Thu Oct 06, 2022 2:06 pm
by Lefty Specialist
Well just in time for the election, the Saudis are cutting oil production by 2 million barrels a day, a nice little gift to Republicans.

When gas prices go up, and they will, don't blame Joe Biden. Don't let anybody else do it either.

Re: The Inflation Thread 2021-22

Posted: Thu Oct 06, 2022 7:12 pm
by Frayed Knot
I agree with all that but it's not like Dems weren't basically saying that Bush & Cheney were personally and unilaterally setting gas prices back during the post Katrina and BP days.

Re: The Inflation Thread 2021-22

Posted: Thu Oct 06, 2022 8:30 pm
by Ceetar
Frayed Knot wrote: Thu Oct 06, 2022 7:12 pm I agree with all that but it's not like Dems weren't basically saying that Bush & Cheney were personally and unilaterally setting gas prices back during the post Katrina and BP days.
the war criminals that literally started a war for oil? those guys didn't have any control over prices?

Re: The Inflation Thread 2021-22

Posted: Sat Oct 08, 2022 1:17 pm
by Lefty Specialist
A gas station near me literally raised its prices 10 cents while we were having lunch. There was no fuel delivery, they just raised it because they could.

Re: The Inflation Thread 2021-22

Posted: Sat Oct 08, 2022 1:45 pm
by whippoorwill
Cripes

Re: The Inflation Thread 2021-22

Posted: Sat Oct 08, 2022 5:18 pm
by batmagadanleadoff
Lefty Specialist wrote: Sat Oct 08, 2022 1:17 pm A gas station near me literally raised its prices 10 cents while we were having lunch. There was no fuel delivery, they just raised it because they could.
I'm OK with that. If they gotta raise prices, they gotta raise prices. Makes no difference to me whether the price hike goes into effect at four in the morning or at noon. Now if they raised prices while I was in line to get gas, that'd be something else.

Re: The Inflation Thread 2021-22

Posted: Sat Oct 08, 2022 5:27 pm
by Ceetar
it's not the gas station's gouging us (most times) it's the oil companies before them. they're just the messenger.

Re: The Inflation Thread 2021-22

Posted: Sat Oct 08, 2022 6:02 pm
by Lefty Specialist
Yeah, I know it'a not the gas jockey raising the price, it's the ExxonMobil corporate suits sitting in the dormant volcano that are really pulling the strings. And they're yanking.

Paul Krugman calls it 'rocket and feather' pricing. When the slightest thing happens, gas prices rocket up. When the crude price plunges, prices at the pump fall, too, but veeeeeerrrrrrrryyyyy slowly, like a feather falling. It's not true supply and demand at work.

Re: The Inflation Thread 2021-22

Posted: Sat Oct 08, 2022 8:09 pm
by Frayed Knot
Were the conrnhole bags inflated?

Re: The Inflation Thread 2021-22

Posted: Sat Oct 08, 2022 8:14 pm
by Edgy MD
Escobar chasing is not keeping the grind going.

Re: The Inflation Thread 2021-22

Posted: Sat Oct 08, 2022 8:16 pm
by Edgy MD
That's two chasing up.

Re: The Inflation Thread 2021-22

Posted: Sat Oct 08, 2022 9:10 pm
by Lefty Specialist
This is inflationary how?