frankq
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Post by frankq on Jun 20, 2013 14:41:16 GMT -5
LOL..............Yeah, I saw the site traffic info. 10 posts in a month and they're all his but one or two....
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sunrnr
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Post by sunrnr on Jun 24, 2013 17:00:54 GMT -5
LOL..............Yeah, I saw the site traffic info. 10 posts in a month and they're all his but one or two.... Well, ya know? You can bait all the hooks you want and toss them out, but if the pond you're fishing in has no fish in it, you're not going to get many bites.
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mmhmm
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Post by mmhmm on Jun 24, 2013 18:01:38 GMT -5
Let's see if we can't discuss the subject of the thread instead of a poster who's no longer here. It's a waste of time.
mmhmm, Administrator
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sunrnr
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Post by sunrnr on Jun 24, 2013 22:38:53 GMT -5
Let's see if we can't discuss the subject of the thread instead of a poster who's no longer here. It's a waste of time. mmhmm, Administrator Awww, Ma!? Jeez louise ......
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mmhmm
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It's a great pity the right of free speech isn't based on the obligation to say something sensible.
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Post by mmhmm on Jun 24, 2013 23:34:49 GMT -5
ROFL! Name ain't Louise, ya mook! It's Ma!
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Virgil Showlion
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Post by Virgil Showlion on Oct 27, 2013 8:51:19 GMT -5
This coming from the organization that needs to justify dumping nearly a 100 billion into the markets, US treasury bills, and MBS a month. Of course they're going to wail loudly that their money isn't making its way to main street.
A low core inflation doesn't necessarily imply low food inflation. Although the food inflation I've seen here in Canada isn't as bad today as it was in 2009/2010.
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bimetalaupt
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Post by bimetalaupt on Oct 27, 2013 10:29:04 GMT -5
Deflation continues to be the greatest danger now and for the foreseeable future. We are seeing the impact of deflation with lower wages and a generally stagnant economy over the past five years. I have no doubt that we have been experiencing a deflationary depression. On the other hand, I have NO CONFIDENCE, that the FED or anyone else can "guide" or "control" the economy. What controls the economy is FREE MARKETS and CAPITALISM without government controls and limits. It comes down in the end to a choice between EU style Socialism or a free market (American style) economy. Which direction we are going to go long term is very seriously in doubt right now. (see post on prior page for context of this post.....YES THERE IS NO INFLATION) "In Fed and Out, Many Now Think Inflation Helps"
www.nytimes.com/2013/10/27/business/economy/in-fed-and-out-many-now-think-inflation-helps.html?_r=1&"Inflation is widely reviled as a kind of tax on modern life, but as Federal Reserve policy makers prepare to meet this week, there is growing concern inside and outside the Fed that inflation is not rising fast enough." wxyz, I do remember both of my grandfathers talking about the effect of lower prices. Home became worthless as did the paper used to buy them. Food was cheap and that was good for the cities but not the rest of America. BUT bond were in a bull market..War bonds made money esp in buying power. Remember 60 to 80% of most banks monery not lent was held in bonds until lent..Back room operations made them money with zero cost for deposits..Sound like Citibank today..or Baxia bank in France- Belgian . Same can be said about Saul Warberg Then PRESIDENT OF CITY NATIONAL BANK OF NEW YORK!! FDR introduced fair prices and you could not discount. Problem solved ...NO.. My grandfather did the legal thing with KingGillett over 1939 World Series Shaving kit he wholesaled with a 5% display allowance.. Only given if the money was spent...Advertising King in New York..Needed to display at Major Department stores to sell before the end of the 9 games!!! LOWER PRICES BECAUSE NO DEMAND...INCREASE PRICES JUST MADE NATIONAL FOOD STORES SELL HOUSE BRANDS CHEAPER!! Just a thought, BiMetalAuPt
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usaone
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Post by usaone on Oct 28, 2013 9:47:56 GMT -5
The Fed saved the world economy from collapse in 2008-2009. They have put a floor in on dropping prices.
Its a fight between lower demand/ continued technogical efficacy's and the fed trying to increase the money supply.
Stalemate so far...............
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Nov 10, 2013 0:15:05 GMT -5
I agree, in this low inflation environment the threat has, and continues to be deflation. It's too bad that Romney didn't get elected.
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bimetalaupt
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Post by bimetalaupt on Nov 12, 2013 3:51:39 GMT -5
I didn't say that, but inflation is going to kill us. Prices just keep going up so I don't see the other, guess we aren't rich enough to not be effected. Pat, The battle is forth coming for the middle part..Can Foods, soap and sales....House brands rule this battle ground for the Ad world price point battle!!! Price Clubs are winning the area...Super K, Sam's and Costco!!!!P&G are in a world hurt!!! Working new lower price point products...More Water...B&G maker of many food product profits have declined because of the huge price point battle with others.. If this keeps up negitve inflation could be a real problem like in Japan and Greece!!! Just a thought, BiMetalAuPt
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Virgil Showlion
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Post by Virgil Showlion on Nov 12, 2013 10:56:01 GMT -5
Texas was doing something right. The members we had in the experiment from that region had the lowest food prices anywhere in the US. Many of the items cost less than half of what they do in Canada. Maybe it's just at my local restaurants and grocers, but I'm still seeing notable price increases and product shrinkage every few months. Soups, for whatever reason. Even the cheap Campbell's condensed soups seem to go up in price every second week.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Nov 13, 2013 22:21:41 GMT -5
I thought this was an interesting survey.. The Real Reason New College Grads Can’t Get Hired Read more: The Real Reason New College Grads Can’t Get HiredI would sure like to know where all this low inflation is so I can pay less for groceries, I've never seen such prices, for car insurance, house insurance, property taxes. Any piece of anything for repairing a house or vehicle. I'm so glad to know that deflation is going to be my worry in the future. I guess I'm just living wrong. I can't say that we have honestly noticed much of a change in the price of food. But I do know this, it makes me chuckle every time someone says that this is a recession/depression... Pat, what I personally mean when I say that the biggest risk is deflation is that all this money printing isn't going to cause hyper-inflation. The biggest underlying threat to the global economy is another major finical crisis that brings on a period of falling prices. I think this period of stagflation will end with wages keeping pace and businesses investing in the economy. I am 100% convinced that if this empty chair president wasn't in office there would be more pure economic growth at this point, and there would already be less FRB intervention. However, I am 110% convinced that Obama is the President that the USA needs right now over the long term for three reasons that I shared with a friend last night, and will share with you right now. - Being passive on the mid east is forcing Saudi Arabia's hand in the region. Less NA lives are going to be lost in this coming war.
- He's helping bring on the death of socialism by showing just how bloated and useless the current for of govt is.
- He's making it so guys like you step up and bring on the change that is needed. Instead of people looking to one man to solve their problems they are looking at each other
I think this survey also shows quite nicely that inflation isn't going to be a killer.
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bimetalaupt
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Post by bimetalaupt on Nov 15, 2013 5:53:03 GMT -5
Of course there is a lot more going on then food, but we are faced with that weekly so just more noticeable. Everything we buy is higher period with people making less for the most part. Pat, What I heard over the week talking to the shockers at Walmart and UNITED WAS HOUSE BRANDS HAVE BEEN SELLING ABOUT 15% OVER LAST YEAR...I SAW HOW MUCH SAVING THIS MEANS..ALSO MORE PROFITS FOR THE HOUSE. YES TP AND SOAP!!! CHEAPER: THEY ARE ALSO INCREASING AMOUNT OF SPACE FOR THE HOUSE BRAND..MANY BRANDS PAY FOR STOCKING RIGHTS...I TRIED SEVERAL PRODUCT THAT COMPETE DIRECTLY WITH P&G. COSTCO ALSO HAS HOUSE BRAND WINE!! Just a thought, BiMetalAuPt
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The Virginian
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Post by The Virginian on Nov 16, 2013 13:10:14 GMT -5
We use to get notice from our manufacturers when they were raising prices - now they don't bother with the notice - they just raise prices as they go. Now I have to check pricing on every single item I order to ensure price increases are accounted for.
Also othe items from Internet - Phones - Insurance - Store Supplies all goes up on a regular basis. I used to hold off on price increases but not any longer - I just let people complain.
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bimetalaupt
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Post by bimetalaupt on Nov 22, 2013 18:43:22 GMT -5
wxyz, Well...we do have a lot of self-unemployed farmers in Texas. Canning and freezing... Deer season and deer dearly-good deer meat. Now for Tuesday Early AM farmers market..Corn..beans.Tomatoes, potatoes and 1015 onions. Now for the growth of super jumbo Red worms....$3.00/18...cash money!! We have several large pecan operations. In Stephenville we had a large German Amish family that used Horses to farm a huge garden. They had some of the best cabbage, beets, worms and pecans...LOVED THE HUGE DRAFT HORSES. FEED THE WORMS!!!! MY POINT...LIKE THE LAST RECESSION..TOO MANY ARE WORKING OFF THE CLOCK..ALL FOR CASH OR NOW BIT-COIN!!! OR TRADE..LIKE HAY FOR FOOD!!! CHEESE FOR HAY OR ALFALFA!! Fishing RIGHT FOR WORMS!!!!Sell wood things made with pecan wood like pecan chips for smoke.. Now how about the little Lady that lives on the corner that has two Yard sales per month..Free radio ads and help her friend the other week ends!!! Off Clock and cash only. Word is you can buy drugs from Mexico during the week on the corner where they sell GREAT tamales . Now for gold panning....World wide system to make enough to eat during the 1930's ...worldwide.... Now we have major efforts of the same called Bit-Coin Mining!!!! That is where money is going.. Just a thought, BiMetalAuPt
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bimetalaupt
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Post by bimetalaupt on Nov 23, 2013 19:04:16 GMT -5
I've been hearing about bitcoins, have not researched it. What's the deal with that? Pat, I have been reading about..All you have is someones word..Not backed with any sovereign body!! Looks like a system to launder money to me..I declined... Bi
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usaone
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Post by usaone on Nov 24, 2013 14:54:21 GMT -5
I agree Bruce. Stay away.
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Virgil Showlion
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Post by Virgil Showlion on Mar 6, 2014 11:47:19 GMT -5
Where is all the inflation? 2012 1.7% 2013 1.5% 2014 1.6% Food inflation, my good man. From the FAO: World inflation in food consumer products is estimated at +7.5% in the first ten months of 2013 (Table). In the absence of a significant drop in the last two months of the year, food inflation in 2013 will be significantly higher than in 2012, when it increased by 6.0%.
As for core inflation, it's stagnated as a result of negligible GDP growth and the Fed's failed (and still failing) QE policies pumping money into all the wrong places.
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The Captain
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Post by The Captain on Mar 6, 2014 12:25:29 GMT -5
FWIW there are certain items for whatever reason I remember prices.
When DD was in third grade I could get a jar of name brand peanut butter on a good sale for .99c (limit 4, take DH and get enough for the school year). Now (2.5 years later) I'm lucky to get it for $2.50
Just as little as 1.5 years ago I used to be able to buy split peas, lentils, and several types of beans for .69c to 79c a pound. Now I'm lucky if I can get them for $1.29 a pound. Same with rice unless you buy it in huge bulk.
Two years ago I could regularily count on getting a 28oz can of tomatoes for 99c, now that is a rare sale and I'm starting to consider 1.29 a can a good price.
Pork has stayed mostly the same (except for bacon) but chicken has gone up a bit and beef is up almost 40% or more from prices about two years ago. Fish (at least the types we eat) has gone up 10-15%.
Milk is up about 20%. The price for fresh veggies (thank goodnes!) has remained pretty constant in my area.
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Virgil Showlion
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Post by Virgil Showlion on Mar 6, 2014 12:57:14 GMT -5
Pundits have long since been calling the divergence 'biflation'. Food prices continue to rise noticeably in the great white north as well.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Mar 9, 2014 3:08:14 GMT -5
Where is all the inflation? 2012 1.7% 2013 1.5% 2014 1.6% He means that since he was wrong about hyperinflation, the FEDs policies must have been a failure..
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