Bidenflation

[Value Buy]

I still call it Bidenflation, and yes, it has gotten really bad.
Deny it all you want people, but National polling suggests Biden and the democrats will not do what is necesary to slow it down.

[dondub]

May 2, 2022 10:01:58 GMT -5 Value Buy said:

I still call it Bidenflation, and yes, it has gotten really bad.
Deny it all you want people, but National polling suggests Biden and the democrats will not do what is necesary to slow it down.

Other than the Fed tightening, which is SOP for fighting inflation, what do YOU suggest? I’m sure you remember the technique worked under Reagan to attack inflation twice as severe.

[Opti]

I'm not sure what will work. I think in the grocery space, many are taking significant profits as opposed to raising prices more sparingly. Just noticed toilet paper prices have gotten worse again too.


www.pewresearch.org/fact-tank/2021/11/24/inflation-has-risen-around-the-world-but-the-u-s-has-seen-one-of-the-biggest-increases/
(Old but somewhat interesting.)

[busymom]

May 2, 2022 10:01:58 GMT -5 Value Buy said:

I still call it Bidenflation, and yes, it has gotten really bad.
Deny it all you want people, but National polling suggests Biden and the democrats will not do what is necesary to slow it down.

     I prefer Putinflation, but whatever makes you happy.  This war is affecting the supply chain.  I can only imagine what the prices are going to be like in Europe.

[Opti]

May 2, 2022 10:57:36 GMT -5 busymom said:

May 2, 2022 10:01:58 GMT -5 Value Buy said:

I still call it Bidenflation, and yes, it has gotten really bad.
Deny it all you want people, but National polling suggests Biden and the democrats will not do what is necesary to slow it down.

     I prefer Putinflation, but whatever makes you happy.  This war is affecting the supply chain.  I can only imagine what the prices are going to be like in Europe.

Since the Russians are destroying land and infrastructure it will take years to recover. Was just reading about how Japan only supplies around 46% of the needed buckwheat for Soba noodles, the rest coming mostly from Russia. 

[busymom]

Ukraine is a major exporter of grain, specifically wheat & corn.  I don't think we're even close at hitting the top of food prices yet.  They were just talking on the news that this is the time of year that the farmers in Ukraine are supposed to be planting their crops.  Not happening.  It's going to be a rough year.

[tallguy]

May 2, 2022 10:01:58 GMT -5 Value Buy said:

I still call it Bidenflation, and yes, it has gotten really bad.
Deny it all you want people, but National polling suggests Biden and the democrats will not do what is necesary to slow it down.

Yes, imagine how bad it would be if Republicans were in charge, considering their almost perfect record at being worse than Democrats.

[Value Buy]

May 2, 2022 10:57:36 GMT -5 busymom said:

May 2, 2022 10:01:58 GMT -5 Value Buy said:

I still call it Bidenflation, and yes, it has gotten really bad.
Deny it all you want people, but National polling suggests Biden and the democrats will not do what is necesary to slow it down.

     I prefer Putinflation, but whatever makes you happy.  This war is affecting the supply chain.  I can only imagine what the prices are going to be like in Europe.

I believe we have bigger trade numbers with Italy than we do with Russia, so, whatever makes you happy back atcha!

Inflation was rip roaring thru the country long before February. This is not a hard concept to recognize.

[Opti]

I think there are many stories like this -


Tyson Foods gross profit for the quarter ending December 31, 2021 was $2.015B, a 71.2% increase year-over-year.

Tyson Foods gross profit for the twelve months ending December 31, 2021 was $7.364B, a 43.8% increase year-over-year.

Tyson Foods annual gross profit for 2021 was $6.526B, a 21.21% increase from 2020.

Tyson Foods annual gross profit for 2020 was $5.384B, a 7.21% increase from 2019.

Tyson Foods annual gross profit for 2019 was $5.022B, a 1.45% decline from 2018.


www.macrotrends.net/stocks/charts/TSN/tyson-foods/gross-profit

[seriousthistime]

Gas prices have been creeping up for a while, starting during the Trump administration.

www.cbsnews.com/news/gas-prices-record-high-oil/

In the meantime, oil companies are profiting hand over fist.

www.reuters.com/business/energy/big-oil-tell-congress-markets-not-companies-set-fuel-prices-testimony-2022-04-05/ 

Everything we consumers buy has a transportation component to it. Farmers use gas fueled equipment to plant, tend, and harvest crops and of the energy consumed by livestock farmers, distillate is the biggest energy component.  And then farmers have to transport their product to consumers.  

Take out the gasoline costs ~~ to produce and transport everything we buy ~~ and inflation would be much lower, from the cost of a box of cereal at the grocery store to the cost of roofing shingles for a new house.  

Why are we not blaming the oil companies for the cost of a box of cereal or a pound of ground beef?

 

[djAdvocate]

May 2, 2022 10:01:58 GMT -5 Value Buy said:

I still call it Bidenflation, and yes, it has gotten really bad.
Deny it all you want people, but National polling suggests Biden and the democrats will not do what is necesary to slow it down.

i just saw a projection that YOY inflation will have fallen to 3.6% by November.  that is just a tenth or two percent over historical averages.

my opinion is that inflation has already peaked.  in March.

[djAdvocate]

May 2, 2022 12:50:42 GMT -5 Value Buy said:

May 2, 2022 10:57:36 GMT -5 busymom said:

     I prefer Putinflation, but whatever makes you happy.  This war is affecting the supply chain.  I can only imagine what the prices are going to be like in Europe.

I believe we have bigger trade numbers with Italy than we do with Russia, so, whatever makes you happy back atcha!

Inflation was rip roaring thru the country long before February. This is not a hard concept to recognize.

the inflation rate in Spain is almost identical to the US.  is Biden responsible for the inflation in Spain, as well?  if you want to answer yes, i want to hear an explanation.

[kadee79]

May 2, 2022 10:01:58 GMT -5 Value Buy said:

I still call it Bidenflation, and yes, it has gotten really bad.
Deny it all you want people, but National polling suggests Biden and the democrats will not do what is necesary to slow it down.

Well, I do believe that at least one solution has been suggested by either Biden or the Democrats or both and the GOP cried bloody murder.  Tax the profits of these big companies that continue to rake in more & more.  
It's not Biden that is causing it, it's the big companies that vote GOP and also contribute to the GOP campaigns.  Go talk to Koch & see what he has to say about it!

[tallguy]

May 2, 2022 15:48:23 GMT -5 djAdvocate said:

May 2, 2022 10:01:58 GMT -5 Value Buy said:

I still call it Bidenflation, and yes, it has gotten really bad.
Deny it all you want people, but National polling suggests Biden and the democrats will not do what is necesary to slow it down.

i just saw a projection that YOY inflation will have fallen to 3.6% by November.  that is just a tenth or two percent over historical averages.

my opinion is that inflation has already peaked.  in March.

I'd be happy with a huge drop in the inflation rate.  How about October 1?   

[djAdvocate]

May 2, 2022 16:44:52 GMT -5 tallguy said:

May 2, 2022 15:48:23 GMT -5 djAdvocate said:

i just saw a projection that YOY inflation will have fallen to 3.6% by November.  that is just a tenth or two percent over historical averages.

my opinion is that inflation has already peaked.  in March.

I'd be happy with a huge drop in the inflation rate.  How about October 1?   

you are probably pretty good at math.  for the YOY inflation rate to be 3.6% in November, the MONTHLY inflation rate will have to be WAY LESS THAN THAT between now and then.  

[tallguy]

Yeah, but I would be just fine if it stayed a bit elevated for July, August, and September before it dropped precipitously.  Call me crazy.   

[Tiny]

May 2, 2022 10:01:58 GMT -5 Value Buy said:

I still call it Bidenflation, and yes, it has gotten really bad.
Deny it all you want people, but National polling suggests Biden and the democrats will not do what is necesary to slow it down.

What exactly is it that Biden and the Democrats should do that will slow down inflation?   

And  why would the Republicans go along with it?   It's to their advantage (in order to  have something to use to get people to vote for them) to make sure that inflation stays as high as possible for as long as possible.