Nm
- Thread starter KNIGHTTIME^
- Start date
That was in regards to empty shelves, and of course I stand by that. Anytime there is snow or any type of weather issue shelves end up looking empty, that isnt new. And any time there is something that destroys massive amounts of crops the price for those crops are going to go up, again, that is nothing new. Inflation in general is because we get so many of our products from Asian countries, many of which havent fully opened up like we have, so much of that is due to covid. ANd of course now we have the truckers protest, which in Canada at least will lead to more empty shelves and possibly higher prices as well.
My post he was referncing was from Jan 19th, when there was snow in many places, and yes, snow certainly impacts storer shelves. You dont live in a place it snows so you might not be aware of that, but I assure you it does. The other issue is obvviously the supply chain, but that isnt because of Biden, that is because of other countries. Also, I just got back from the grocery store, and the shelves looked normal.
I live in a place where it never, ever snows and the store shelves are pathetic. Entire sections of certain products are totally empty.
Good lord, I was pointing out that there are other reasons for things. I know you guys just love to blame everything on Biden, but funny enough, not everything in the world you dont like is his fault.
Of course there are other things. It's just funny that you'd go to orange juice and snow before money printing.
It is due mostly to covid and supply chain issues which again, arent the fault of the US.
Supply chain issues are due to covid, that is just a fact. And supply chain issues are certainly one of the major reasons we have inflation. Printing money doesnt help (which BTW, isnt all on Biden, REpublicans certainly have blame with that too) , but if you are going to deny the covid related issues, then you just arent living in reality.
Printing money is THE cause of this. We've been dumping trillions of dollars of liquidity into the banks for way too long, but particularly since September of 2019. The supply chain crisis is a tiny, tiny part of it.
Sorry @Cubs79, but @Crazyhole is absolutely on-point ... it's printing of money.
We Americans just haven't had to 'feel it' ... until now. But it's been brewing over 25 years. The ogilarchy is making the rich richer, and the middle class poorer. Printing more money and more control by, of and for the government -- including its lobbyists -- are not the answer.
This is why we Libertarians have long argued that more government is never the solution, because it's more lobbying, more control, more 'complex' that is reliance, and far less freedom, especially as the dollar becomes of less and less worth to the middle class.
(I'm off to find the graph Spike Cohen recently shared that was generated by our own government showcasing this ... sadly enough)
Last edited:
All you have to know about the entire situation is that even with the reserve requirement being dropped go zero, banks still couldn't balance the overnight books. They don't even have to have any cash on hand and they are still perpetually under water at the end of the day. The recoil on the back side of this is going to be catastrophic.
Supply and demand, one of the basic principles of capitalism, will always show that the fewer products we have of something (that people actually want), will raise the price. And that is most certainly right in line with supply chain issues. I am not downplaying the printing money aspect, but if were just that, then it wouldnt have happened all of a sudden, or it would have happened years ago. The supply chain issues are the new factor in this, and why it has happened at the pace it has.
"Also, I just got back from the grocery store, and the shelves looked normal."
-Cubs.
And why do we have supply chain issues with foreign goods, but not domestic?! And I mean domestic that doesn't have major constraints because of foreign.
That combines with the fall of the dollar too! Because so much is foreign made. It's now just all finally coming home to roost ... entirely.
And it's going to be like this ... for a long, long while!
This is temporary. I still firmly believe that the 2020s will be the strongest economic decade in American history, no matter who is president or in Congress. We are positioned well.
Business tends to figure out solutions quickly. This will benefit the American & Mexican worker. I think Mexico will become the ultimate Covid-19 winner as they will actually get a robust middle class.
Yah , that supply chain of empty chicken and beef produced in the US ,inspected by USDA and such is really to blame on other countries. Sure ..keep telling yourself that . I do a lot of smoking food on my pellet grill. Chicken wings family pack at Publix last year as around $11 now it's $20. Brisket was around $7 bucks a pound now it's almost $12 when you can get it.
This weekend is one of my biggest weekends in my business. I will hand dip about 3,000 long stem chocolate covered strawberries. These berries from my food distributor, Rhinehart Foods last year were $29 per case . 64 berries in a case . I just took delivery of 45 cases at $49.78 a case . Berries are from Florida ,not over seas or China ,but 670 miles to my south. inflation is stupid crazy and I blame 100% of it on our monetary policy coupled with our energy policy .
It is truly disgusting for political elites to blame the private sector for gouging or what ever when it's their stupid monetary policy and shutting down American energy supplies is the true reason.
So what does a small business like me supposed to do with those increased costs to my supplies? Am I supposed to eat it ? Some of you guys live in a fantasy world and don't know Jack about running a business and dealing with supply chain issues or costs and their impacts on daily operations. I can sure say my President , the Speaker of the House and the Senate President don't know Jack about Main Street and how their ideas harm small businesses daily .
It is truly disgusting for political elites to blame the private sector for gouging or what ever when it's their stupid monetary policy and shutting down American energy supplies is the true reason.
So what does a small business like me supposed to do with those increased costs to my supplies? Am I supposed to eat it ? Some of you guys live in a fantasy world and don't know Jack about running a business and dealing with supply chain issues or costs and their impacts on daily operations. I can sure say my President , the Speaker of the House and the Senate President don't know Jack about Main Street and how their ideas harm small businesses daily .
The price a store charges for a product isnt just inflation. If the price of chicken at Publix has increased 100%, that isnt all inflation, that is Publix making a profit. The price of chicken is up about 12%, so if it was just inflation you would be paying about 12.30 for that same chicken now, not almost a 100% increase.
What do you recommend they do then? I mean, this is kind of how capitalism works.
I have been a business owner since 2001 and have two locations now. I am passing that price increase onto to my customers.
The Publix thing is interesting. Well, inflation index doesn't account for food or energy. So, I don't believe the 12% number at all. Gotcery stores often operate at low margins for things like meat and dairy . Publix is paying more for those wings and thus we are too.
Companies are pocketing their fattest profits in more than 70 years, even as they complain about inflation
Companies aren't just raising prices enough to cover rising costs from inflation, they're padding their margins on top.
www.businessinsider.com
WHile everyone wants to blame Biden and the government for Publix doubling their meat prices, keep in mind the corporations are making profits hand over foot. Inflation is obviously up, but if corporations werent taking advantage of inflation being up, they wouldnt be making record profits.
Everyone is passing it onto customers, and that is fine, I dont blame you.
Dude, a price increase is one thing, if you are honestly paying double that is 100% increase, and inflation is nowhere close to 100%. Publix has always been more expensive than the most of the other major chains (outside of the specialty chains like Trader Joes), and they are probably just taking advantage of that like lots of companies are. Read the article I linked above. While we are complaining about inflation, many companies are making record profits because they are raising prices higher than the actual inflation %. Everyone loves capitalism until it starts screwing them over, but that is at least what some of this is, just pure capitalism and businesses trying to increase their profits as much as they can.
How do we know about their profits as they have not reported first quarter earnings and won't report those until the middle to end of the second quarter? I find these kinds of reports dubious for this reason.
Companies are pocketing their fattest profits in more than 70 years, even as they complain about inflation
Companies aren't just raising prices enough to cover rising costs from inflation, they're padding their margins on top.
WHile everyone wants to blame Biden and the government for Publix doubling their meat prices, keep in mind the corporations are making profits hand over foot. Inflation is obviously up, but if corporations werent taking advantage of inflation being up, they wouldnt be making record profits.
Also , labor shortages are driving up labor costs to higher and retain people. Chick Fil A in my area is advertising $19 an hour. I use to hire high schools in at 8.50-$9 now I can any one respond to ads for $11 and $12 . Guess what? I have had to pay everyone more to stay ,pay new people more to work and those costs are reflected in my price increases in January. That's another factor here that needs to be considered.
Inflation didn't just start this quarter, we can look at their past couple of earnings reports.
Give me a break with the hourly wage, at least for major corporations. If you want to complain about what they are paying people start with the CEO's, many of which are making 10s of millions a year. People wanting to make enough to get by on isnt the issue, but of course this is America, so lets blame the lower and middles classes instead of the the people at the top. But again, that is how capitalism works. Nobody is working for free, and if they want more money they can ask for it, turn a job offer down, or leave and go somewhere else. Capitalism isnt just for the wealthy, its for the lower and middle classes too.
Last edited:
Last year, not this quarter. Are you suggesting it just started in January? If not what is the point of this question.
Thinking inflation is only the chicken wings is also misguided. Publix is paying twice as much for fuel to fuel their fleet to get wings from distribution center to the stores. They are paying more for the electricity and water in their stores. They are paying more for cleaning supplies, plastic and paper bags,for garbage bags , toilet paper in their bathrooms, paper towels in said bathrooms. They are paying more for replacement light bulbs , HVAC filters and those deli wraps and containers for the seafood market and deli. They are paying more for cups, straws and napkins . They are paying more for everything.
So, that extra costs in chicken wings ,beef and such reflect all of that and any other costs for supplies and maintenance increases . It's not just the wings . It's too simplistic to just say they are making a profit when in reality all the costs of operating a business are going up and much of that as I said is energy driven. Canceling the pipeline and closing down federal gas and oil leases which Biden did on day one could easily be reversed by cancelling the executive order which did that stuff. There I just helped solve the energy part of the equation.
So, that extra costs in chicken wings ,beef and such reflect all of that and any other costs for supplies and maintenance increases . It's not just the wings . It's too simplistic to just say they are making a profit when in reality all the costs of operating a business are going up and much of that as I said is energy driven. Canceling the pipeline and closing down federal gas and oil leases which Biden did on day one could easily be reversed by cancelling the executive order which did that stuff. There I just helped solve the energy part of the equation.
You are correct it started to rear it's ugly head last spring early summer . I stand corrected . However,looking at earnings only is just part of the picture like I said. Operating costs have also risen as well per my previous post .
The pipeline was nowhere close to being complete. That is a Republican talking point, nothing more. When Biden canceled it only 8% had been completed.
But wings arent the only thing they are using to pay for all of those other things, they obviously sell far more products than chicken wings. There is no reasonable argument that if they doubled wings it is only because of inflation. ANd BTW, I shop at Publix quite a bit, and their meat has always been more expensive than at Kroger, but I have not noticed their prices doubling.
Last edited:
It would be the same if Trump was in office, you realize that right? Trump doesnt have a magic wand to suddenly solve all of the inflation issues.
You are kidding yourself shutting down a pipeline and closing off leases doesn't impact energy costs. It's called supply and demand and the Feds control a big chunk of supply here and they impacted cheap ways to transport said oil. The other joke of this is transporting oil and gas by rail is far more environmentally risky than a pipeline.
Look brother we all use fuel . I use it for my business and recreation. I own a boat and gas prices immediately started to increase after the the executive order was signed. Why is that ? Markets and businesses need certainty. Biden injected negative certainty into the oil industry..they won't invest in infrastructure to find oil and gas, they won't anticipate affordable safe distribution of their product I pipelines and sinse the markets react to fear and greed, Biden injected fear. The industry responded accordingly.
The only two things I attribute to the government to being able to truly influence the economy are energy leases, permits and such for oil and gas and taxation. Biden did impact the energy sector . If he got his way he would impact taxes too by increasing them.
The pipeline was nowhere close to being completed. Explain to me how a pipeline, that wasnt even operational yet and nowhere close to being completedwas going to halt this inflation?
If the shut down is your argument then why are you blaming Biden and not Trump? We are far more open now than we were in 2020, and have been for a while.
The pipeline was actually more than half done from what I can find . When he signed the executive order on day one of his administration, the following days crude prices started going up in the market . The market responded by signaling the cheap way of transport Canadian oil to Houston for refining was halted. Perception in the future and commodities market reacted and the speculators said ,there is uncertainty in the market thus prices went up on crude..
Everything we buy is tied to oil. Farmers pay more for oil and fertilizer. Food prices go up. transportation costs for everything goes up, so you pay more . There is virtually nothing in your life not tied to oil and it's price ..so oil prices did increase inflation. Then our monetary policy is the other side. Flood the market with easy money, free money COVID give aways and voila more money in circulation means it's value is less. It's that simple.
Similar threads
