ThreePointTakedown Posted March 4 Posted March 4 2 minutes ago, mspart said: So I guess we'll stay with the numbers quoted. mspart The number was never in question. Your and other's assumptions as to what the term meant, was in question. If you're not interested in accuracy, I can't make you.
Bigbrog Posted March 4 Posted March 4 1 minute ago, ThreePointTakedown said: Fair. Tax has remained even. Cost still up. Cost of product has gone up and come back down. Cost still up. Cost of employment has not risen much in two years. Cost still up. Cost of perks. The thing the company CAN control. Not sure if they've gone up. But profits have gone up and I would imagine the benefits for those profits have kept pace. Cost still up. Cost of maintenance. Seeing as all other things have stayed even, that this has too. Cost still up. Cost of capital has gone up. Doesn't seem to be effecting record profits. Cost still up. Source? Again where are you getting "record profits" from?
mspart Posted March 4 Posted March 4 6 minutes ago, Wrestleknownothing said: Level setting for the conversation. General inflation: Food inflation: Between the 1970s and early 2000s, food-at-home prices and food-away-from-home prices increased at similar rates. However, between 2009 and 2019, their growth rates diverged; while food-at-home prices deflated in 2016 and 2017, monthly food-away-from-home prices rose consistently. Differences between the costs of serving prepared food at restaurants and retailing food in supermarkets and grocery stores partly explain this difference. In 2020, food-at-home prices increased 3.5 percent and food-away-from-home prices increased 3.4 percent. This convergence was largely driven by a rapid increase in food-at-home prices following the onset of the Coronavirus (COVID-19) pandemic, particularly for meats and poultry, while food-away-from-home price inflation remained similar to its 2019 inflation rate. In 2021, all food prices increased 3.9 percent as prices began accelerating in the second-half of the year. No food categories tracked by the U.S. Department of Agriculture (USDA), Economic Research Service (ERS) decreased in price in 2021 compared with their prices in 2020. In 2022, food prices increased by 9.9 percent, faster than any year since 1979. Food-at-home prices increased by 11.4 percent, while food-away-from-home prices increased by 7.7 percent. Food prices rose partly due to a highly pathogenic avian influenza (HPAI) outbreak that affected egg and poultry prices and the conflict in Ukraine, which compounded other economy-wide inflationary pressures such as high energy costs. All food price categories increased by more than 5 percent, and all food categories grew faster than their historical average rate. In 2023, food prices increased by 5.8 percent. Food price growth slowed in 2023 as economy-wide inflationary pressures, supply chain issues, and wholesale food prices eased from 2022. Food-at-home prices increased by 5.0 percent, and food-away-from-home prices increased by 7.1 percent. While prices increased for all food categories except for pork, prices grew more slowly in 2023 than in 2022 for all categories. And all these increases continually add to the cost. No mention of deflation so the food prices have not come down. So they grew by year from 2020, 3.5%, 3.9%, 11.4%, 5.0%. So they grew 3.5%, then that increased cost was increased by 3.9%, and that was increased the next year by 11.4% and that was increased in 2023 by 5%. Add all those up and they become very big in a compounding way. mspart
Wrestleknownothing Posted March 4 Posted March 4 1 hour ago, ThreePointTakedown said: https://eatamericano.com/blogs/thoughts-from-the-peanut-gallery/10-food-companies-own-almost-every-grocery-store-item-you-buy That list misses the biggest of them all, Cargill, because it is privately owned. Cargill had revenue of $165 billion in 2022 compared to Pepsico's $86 billion. If you want to talk control of the food supply, it starts and ends with Cargill. Drowning in data, but thirsting for knowledge
mspart Posted March 4 Posted March 4 5 minutes ago, ThreePointTakedown said: The number was never in question. Your and other's assumptions as to what the term meant, was in question. If you're not interested in accuracy, I can't make you. What does this mean? You are not interested in how a term is defined but then argue about accuracy? You are way out there man. WAY OUT THERE! mspart
ThreePointTakedown Posted March 4 Posted March 4 7 minutes ago, Bigbrog said: Source? Again where are you getting "record profits" from? https://fred.stlouisfed.org/graph/?g=1bZQJ
ThreePointTakedown Posted March 4 Posted March 4 6 minutes ago, mspart said: What does this mean? You are not interested in how a term is defined but then argue about accuracy? You are way out there man. WAY OUT THERE! mspart Your method of discerning the truth is what I am questioning.
Wrestleknownothing Posted March 4 Posted March 4 9 minutes ago, mspart said: And all these increases continually add to the cost. No mention of deflation so the food prices have not come down. So they grew by year from 2020, 3.5%, 3.9%, 11.4%, 5.0%. So they grew 3.5%, then that increased cost was increased by 3.9%, and that was increased the next year by 11.4% and that was increased in 2023 by 5%. Add all those up and they become very big in a compounding way. mspart But you are still looking at an incomplete picture. If things cost more and you are making the same, that is bad for you. If things cost more and you are making more, that is not necessarily bad. What you ant to look at is real wage growth (i.e. wage growth minus inflation, also known as purchasing power). There the US has done quite well since 2019. 1 Drowning in data, but thirsting for knowledge
Bigbrog Posted March 4 Posted March 4 3 minutes ago, Wrestleknownothing said: But you are still looking at an incomplete picture. If things cost more and you are making the same, that is bad for you. If things cost more and you are making more, that is not necessarily bad. What you ant to look at is real wage growth (i.e. wage growth minus inflation, also known as purchasing power). There the US has done quite well since 2019. This is an interesting look at things! Thanks
Offthemat Posted March 4 Posted March 4 Wage growth has not kept up with inflation, is unlikely to due to the influx of illegals, and has zero benefit to retirees like Paull158.
Wrestleknownothing Posted March 4 Posted March 4 1 hour ago, Offthemat said: Wage growth has not kept up with inflation, is unlikely to due to the influx of illegals, and has zero benefit to retirees like Paull158. 1 Drowning in data, but thirsting for knowledge
Offthemat Posted March 4 Posted March 4 1 minute ago, Wrestleknownothing said: What’s that you’re saying?
Wrestleknownothing Posted March 4 Posted March 4 1 minute ago, Offthemat said: What’s that you’re saying? I am saying you sound like an old man yelling at clouds. Pointless. Yes, wages have exceeded inflation. As much as that does not serve your narrative, it is true. As for retirees, every retiree ever has had this same problem. It is the hazard of retiring. It is why a financial planner will insist you take into account inflation when figuring out how much money you need to retire and maintain your lifestyle. 1 Drowning in data, but thirsting for knowledge
mspart Posted March 5 Posted March 5 https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/ This says different. Not saying it is right and you are wrong. There may be different interpretations. mspart
JimmyBT Posted March 5 Posted March 5 3 hours ago, mspart said: What does encounter mean and what happens to those people that were encountered? It seems to me that those encountered are allowed to continue into the interior which is why NYC, Chicago, and DC are screaming. mspart 3 hours ago, ThreePointTakedown said: I'm saying that you are reporting something as true that you have not investigated and confirmed. Also, the 7m+ number is not necessarily people in the country. Just 'encounters' at the border. If you are trying to say that 'encounters' is the same as people now living in this country, you have more work to do. So you’re saying they’re sending them back ???
JimmyBT Posted March 5 Posted March 5 58 minutes ago, Wrestleknownothing said: I am saying you sound like an old man yelling at clouds. Pointless. Yes, wages have exceeded inflation. As much as that does not serve your narrative, it is true. As for retirees, every retiree ever has had this same problem. It is the hazard of retiring. It is why a financial planner will insist you take into account inflation when figuring out how much money you need to retire and maintain your lifestyle. Accounting for inflation yes. Accounting for Bidenflation (the highest since Jimmy Carter) no.
JimmyBT Posted March 5 Posted March 5 1 minute ago, Offthemat said: Many because they have to work multiple jobs to afford Bidenflation
Wrestleknownothing Posted March 5 Posted March 5 12 minutes ago, mspart said: https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/ This says different. Not saying it is right and you are wrong. There may be different interpretations. mspart Different starting points. Drowning in data, but thirsting for knowledge
Wrestleknownothing Posted March 5 Posted March 5 5 minutes ago, JimmyBT said: Accounting for inflation yes. Accounting for Bidenflation (the highest since Jimmy Carter) no. Nope. There is just one inflation per time period, regardless of what marketing terms you are workshopping. Drowning in data, but thirsting for knowledge
JimmyBT Posted March 5 Posted March 5 (edited) 4 hours ago, ThreePointTakedown said: And if you're already doing that? I'm guessing you're going to say, 'there's something else they can cut.' The answer to that is sure. So if they're doing that too? And so on and so on. Nothing else can be squeezed. What do they do? Move to Canada where they have free everything. Bahahhahahaha Edited March 5 by JimmyBT
JimmyBT Posted March 5 Posted March 5 (edited) 2 minutes ago, Wrestleknownothing said: Nope. There is just one inflation per time period, regardless of what marketing terms you are workshopping. My financial advisor and I accounted for inflation. Just not Bidenflation. Nobody expected it to ever be that bad again. Thx Joe. Edited March 5 by JimmyBT 1
mspart Posted March 5 Posted March 5 12 minutes ago, Wrestleknownothing said: Different starting points. So that makes it better? Mine started when inflation became a thing. Yours started when it was not even contemplated as being able to happen. No less real for the average Joe or Jane. My guess is that if you said to them that their wages are greater than inflation they would beg to differ. That is pointed out in what I presented. mspart
Offthemat Posted March 5 Posted March 5 20 minutes ago, JimmyBT said: Many because they have to work multiple jobs to afford Bidenflation Correct. Many of the jobs created in the last year were by the government.
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