Widgets Magazine
Page 3 of 3 FirstFirst 123
Results 51 to 66 of 66

Thread: Food Inflation/Deflation

  1. #51

    Default Re: Food Inflation/Deflation

    Quote Originally Posted by Jersey Boss View Post
    Have you seen any proposals from the leadership in either party addressing inflation?
    I've heard complaining and have seen finger pointing but no solutions proposed.
    Here is a new proposal that will likely increase the inflation rate.

    https://www.axios.com/biden-interior...7c36b0b3d.html

  2. #52

    Default Re: Food Inflation/Deflation

    Quote Originally Posted by soonergolfer View Post
    Here is a new proposal that will likely increase the inflation rate.

    https://www.axios.com/biden-interior...7c36b0b3d.html
    Your response has zero relevance to the question I posed. Take a mulligan.

  3. Default Re: Food Inflation/Deflation

    That is not correct. O & G are commodities that are affected by market psychology as well as supply and demand and supply chain problems.

    Every time Biden limits delivery and drilling or slaps on new or higher drilling costs, market psychology raises the price of O & G Simply by the perception of higher future prices. Its the same psychology that causes prices to go up just at the prospect of a significant hurricane in the Gulf of Mexico, just long-term.

    This IS a valid long-term component on inflation since the cost of gasoline and diesel affect virtually everything in our economy.

  4. #54
    Join Date
    May 2008
    Posts
    14,095
    Blog Entries
    3

    Default Re: Food Inflation/Deflation

    Quote Originally Posted by mugofbeer View Post
    That is not correct. O & G are commodities that are affected by market psychology as well as supply and demand and supply chain problems.

    Every time Biden limits delivery and drilling or slaps on new or higher drilling costs, market psychology raises the price of O & G Simply by the perception of higher future prices. Its the same psychology that causes prices to go up just at the prospect of a significant hurricane in the Gulf of Mexico, just long-term.

    This IS a valid long-term component on inflation since the cost of gasoline and diesel affect virtually everything in our economy.
    At least the price of oil sank to $66.18 on Tuesday. Covid has a lot of market psychology influence for the downside.

  5. Default Re: Food Inflation/Deflation

    Quote Originally Posted by Jersey Boss View Post
    Have you seen any proposals from the leadership in either party addressing inflation?
    I've heard complaining and have seen finger pointing but no solutions proposed.
    That ship sailed in the 1970s and 80s when the Globalists decided to offshore basically all of the country's manufacturing and means of production to China and other countries that don't necessarily like us.

    We're now at the mercy of third parties, which in normal times did not matter. But these aren't normal times.

  6. #56

    Default Re: Food Inflation/Deflation

    Quote Originally Posted by Jersey Boss View Post
    Your response has zero relevance to the question I posed. Take a mulligan.
    Please explain to me how this proposal (which you asked for) won’t affect inflation? You didn’t specify whether u want a proposal that decreases inflation or increases inflation. It’s a pretty strait forward response.

  7. Default Re: Food Inflation/Deflation

    Quote Originally Posted by soonergolfer View Post
    Please explain to me how this proposal (which you asked for) won’t affect inflation? You didn’t specify whether u want a proposal that decreases inflation or increases inflation. It’s a pretty strait forward response.
    He doesn't know, he just wanted to swipe at your comment.

  8. #58

    Default Re: Food Inflation/Deflation

    Quote Originally Posted by soonergolfer View Post
    Please explain to me how this proposal (which you asked for) won’t affect inflation? You didn’t specify whether u want a proposal that decreases inflation or increases inflation. It’s a pretty strait forward response.
    So even though less than 10% of US production is on public onshore lands this will be a significant cause of inflation in the USA? Ok.
    Now to get into specifics, what is GOP leadership proposing to curb inflation. My initial comment singled out those complaining and finger pointing which is clearly the opposition party.
    Less time defending bigots and kooks and more time on policy is what House GQP leadership should be addressing. Problem is Kev Mc has no control over his caucus.

  9. Default Re: Food Inflation/Deflation

    You are still ignoring other factors that determine the price of a commodity, specifically market psychology which l explained in post #53. I can also say that mere 10% of production could be greatly expanded if not for regulation, not to mention drillable land locked up by state and local regulation. So when trying to shoot down another's post, have a complete picture of the subject.

    Your pointing at Republicans for this makes zero sense. Few, if any Republican's are trying to restrict drilling or slow oil production right now. This inflation is purely a Democrat issue.

    https://www.americanfreepress.net/ht...ssive_oil.html

  10. #60

    Default Re: Food Inflation/Deflation

    According to the st. Louis fed we are at 6.7% inflatiion as of the date of this post.

    https://fred.stlouisfed.org/series/CPIAUCSL

  11. #61

    Default Re: Food Inflation/Deflation

    Penn Wharton University of Pennsylvania

    https://budgetmodel.wharton.upenn.ed...nflation-costs

    Inflation is going to cost the average family an extra 3000 dollar over the next year. If you make 12 dollars an hour after taxes then you will need to work an additional 250 hours to maintain the same quality of life you recieved this year.

  12. Default Re: Food Inflation/Deflation

    I grabbed a rotisserie chicken from Sprouts, they used to be $6.99. Now $7.99, I believe that is a 14% increase.

  13. Default Re: Food Inflation/Deflation

    I posted this on another thread but it's more appropriate here.

    Supply v. Demand wins out again. Economist admits he was wr...wr...wr...wrong.

    https://www.mediaite.com/news/nyt-ec...on-transitory/

  14. #64

    Default Re: Food Inflation/Deflation

    https://www.bloomberg.com/news/artic...2?srnd=premium

    Highest inflation rate in 40 years.

  15. #65

    Default Re: Food Inflation/Deflation

    Quote Originally Posted by Canoe View Post
    https://www.bloomberg.com/news/artic...2?srnd=premium

    Highest inflation rate in 40 years.
    Increasing spending on the military significantly adds to the problem. Even though we exited Afghanistan the on the book spending is going up over 7% next year. Keep in mind we are done in Afghanistan. The military "demand" takes raw materials out of the economy while not supplying goods in return. Ike was right.

    https://www.macrotrends.net/countrie...defense-budget

  16. #66

    Default Re: Food Inflation/Deflation

    Quote Originally Posted by Jersey Boss View Post
    Increasing spending on the military significantly adds to the problem. Even though we exited Afghanistan the on the book spending is going up over 7% next year. Keep in mind we are done in Afghanistan. The military "demand" takes raw materials out of the economy while not supplying goods in return. Ike was right.

    https://www.macrotrends.net/countrie...defense-budget
    You are correct. A more centralized/controlled economy leads to the misallocation of resources which leads to inflation, shortages, and a black market. We have discussed inflation and here is a link to shortages...

    https://www.npr.org/2022/01/12/10724...helves-reasons

Thread Information

Users Browsing this Thread

There are currently 2 users browsing this thread. (0 members and 2 guests)

Similar Threads

  1. Food network food trucks
    By lasomeday in forum General Food & Drink Topics
    Replies: 5
    Last Post: 05-18-2014, 09:04 AM
  2. "Credit-push" inflation...? Ever studied?
    By SoonerDave in forum Current Events & Open Topic
    Replies: 14
    Last Post: 03-25-2014, 01:04 PM
  3. Replies: 34
    Last Post: 04-03-2011, 02:52 PM
  4. Here comes inflation
    By PennyQuilts in forum Politics
    Replies: 45
    Last Post: 08-25-2009, 08:51 PM
  5. Angel Food - Lots of good food cheap!
    By BailJumper in forum Current Events & Open Topic
    Replies: 28
    Last Post: 06-11-2007, 12:32 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Single Sign On provided by vBSSO