Prices.... Going Up!!!

[rhodus]

Brother just warned me that vegetable oil will probably double in price soon. Soybean oil normally trades around 30 cents@ lb, and tickled 70 cents today.

I guess groceries in general are going to be pricier soon. Joining construction materials and fuel. Just the way it's gonna be for a while.

Ribeye $19/lb at my local grocery.

 

[Mystic]

so you are saying I should not invite you over for the wifes lasagna without due caution?

Good 'un. It's probably ok, but I am kinda far away from y'all. We can "ZOOM" luncheon lol.

 

[OBMG74]

Regarding previous comments regarding wealth:
Shrinking Middle Class.

From Forbes: (from the Internet so it MUST be true....)

Top 1% Of U.S. Households Hold 15 Times More Wealth Than Bottom 50% Combined

 

[Spitfirejoe]

Well, the freak out will hit a higher gear today with the announcement of inflation numbers. We all knew it was going to rise, and we know why, and when you track an average rate of change over several years you can see it's not THAT bad. The freak out will continue anyway.

 

[Alobar]

Its not only this. Medicine here isnt focused on prevention and wellness, it's focused on treating and prescribing. Who here is on a daily med that diet and exercise modification wouldn't reduce/eliminate the need for? We want a quick fix. Give me a pill to take. Cuts both ways.

Totally agree. My personal experience with this began 10 years ago when I started having some health consequences due to decades of poor diet and exercise. After the exam I was looking at prescriptions for drugs for cholesterol as well as blood pressure. I went home with some decisions to make. Decisions that I would never know were available to me had I relied on just the doctor. I started reading about alternatives to my conditions and general decline in the health of the nation and world.

I never did get those prescriptions filed but instead completely revamped my diet and exercise. I lost 70 pounds, not by eating carrots, but a very low carb high fat diet, and when I went back to the doctor 8 months later he was almost blown away at my numbers. He said that I really must have cut out the fat! Ha! I didn't bother to tell him how I did it, and I never went back to him again.

For me, doctors are useless for diet recommendations, and I started taking my own approach to health. That includes a zero tolerance for pharmaceutical "hacks and shortcuts". This "attitude" I believe had done more good for me than anything pharma can give out in a pill or needle. But I'm now looking forward (not in a good way) to live in a world where I will not be able to choose whether to participate in pharma's solutions.

 

[MTalley]

On the flip side, I pull the NADA used car values for my vehicles once a year or so, just to see where they stand.

I have a 2016 Ford F-350 King Ranch dually that I bought new in October, 2015. Sticker price on it at that time was $71k. I bought it for $60k (all kinds of incentives on expensive vehicles back then). I paid it off (a little early) last January.

This time last year, the NADA clean trade-in value with around 100k miles was right around $40k, clean retail was around $42k (diesel pickups hold value well).

Here are the numbers I just pulled (on a truck with 110k miles). Note that clean retail value is about $3,000 less than what I paid for it 5.5 years ago.

 

[quaddriver]

Regarding previous comments regarding wealth:
Shrinking Middle Class.

From Forbes: (from the Internet so it MUST be true....)

Top 1% Of U.S. Households Hold 15 Times More Wealth Than Bottom 50% Combined

yep, there are rich people and not so rich people - Im ok with that. However this new policy of increase the price of everything to create misery...Im not so ok with.

 

[quaddriver]

On the flip side, I pull the NADA used car values for my vehicles once a year or so, just to see where they stand.

I have a 2016 Ford F-350 King Ranch dually that I bought new in October, 2015. Sticker price on it at that time was $71k. I bought it for $60k (all kinds of incentives on expensive vehicles back then). I paid it off (a little early) last January.

This time last year, the NADA clean trade-in value with around 100k miles was right around $40k, clean retail was around $42k (diesel pickups hold value well).

Here are the numbers I just pulled (on a truck with 110k miles). Note that clean retail value is about $3,000 less than what I paid for it 5.5 years ago.

crazy no? hold onto it long enough and you can make money selling.

here is a link to the same generation of my bus: https://classics.autotrader.com/classic-cars/1989/chevrolet/suburban/101471175

with little parts, and this isnt even an expensive one, just the first that popped up!

 

[Mystic]

increase the price of everything to create misery...

The squeeze is on ... "You'll own nothing and you'll be more happy."

 

[quaddriver]

The squeeze is on ... "You'll own nothing and you'll love it."

sounds like judge smail in caddyshack - "you'll get nothing and like it!"

 

[RobRoy]

yep, there are rich people and not so rich people - Im ok with that. However this new policy of increase the price of everything to create misery...Im not so ok with.

My brother quoted an "expert" a few weeks ago to me that I thought was pretty interesting. He said that, generally speaking, if you took all the wealth from all the adults in the US and divided it up equally, within a few years it would all be distributed just like it was before you did that.

Naturally, there would be exceptions, but the concept holds. It speaks to how people can win a lotto and, after a few months or years, be even more broke than they were before they won.

 

[OBMG74]

I think that there are many people who, by choice, live beyond their means regardless of income.
Look at the music stars who are now doing TV commercials because they can't tour.
They've got mortgages, too....

 

[RobRoy]

I think that there are many people who, by choice, live beyond their means regardless of income.
Look at the music stars who are now doing TV commercials because they can't tour.
They've got mortgages, too....

The story of Ed McMahon is also interesting. It was the first of its type I heard of, but I eventually found out it is a very common tale in the entertainment industry.

 

[MTalley]

crazy no? hold onto it long enough and you can make money selling.

here is a link to the same generation of my bus: https://classics.autotrader.com/classic-cars/1989/chevrolet/suburban/101471175

with little parts, and this isnt even an expensive one, just the first that popped up!

I watched a video recently where it was stated that the square body Chevy and GMC Suburbans are the next "Jeep Wagoneer" as far as prices go. Expect the see $30k to $50k asking prices for good examples.

 

[Alobar]

The squeeze is on ... "You'll own nothing and you'll love it."

Do you have the secret handshake to get yourself into Davos?
Personally I'm hoping for the coldest summer on record, with Davos getting hammered with 25 feet of snow this August!

 

[Beatnik]

We could still be paying 10 cents for a loaf of bread if ot weren't for imaginary bull ship. Cost more to employ, cost more to buy, cost more to employ, cost more to buy etc etc etc

 

[RobRoy]

We could still be paying 10 cents for a loaf of bread if ot weren't for imaginary bull ship. Cost more to employ, cost more to buy, cost more to employ, cost more to buy etc etc etc

My wife and I just got back from five weeks in Seattle. Food prices were significantly higher than they are here in rural Kentucky. When I lived there (Seattle), it's all I knew.

 

[spicer]

true dat, and a real life anecdote I found out this weekend.

Last year during all the marching and shouting, someone thot it was a good idea to send an armed BLM march from somewhere out west, into rural pa, on the way to DC. blah blah blah. And as can be expected, cell cameras were on everywhere. on or around bedford pa, lots of words were exchanged then shots. The real story is, the son of a home owner fired 2 shots into the air when protesters moved on a house and business well off the road - for whatever reason. while he did not shoot AT them, armed BLM members returned fired and missed at which point the son shot on of the protesters with what appears to be bird shot. upon arrival of the cops it was discovered the shot person was a convicted drug dealer from wisconsin illegally possessing a firearm with which he used to shoot at the son, and of course, carried it illegally across quite a few state lines if you are up on your US geography. The son was charged also.

Now what the media said, was completely different - both on tv and in print. my nephew is the weekend news mgr at a local nbc and had both versions of the story on his desk and was ORDERED to produce the false one.

THAT, is the world we live in.

Oh... ordered to produce the false one... all the time. And the son was charged...?... not really a question, but a statement. Bird shot, not serious, like using rock salt for melon thieves. 000 is what you want. One does not answer return fire from criminal insurgences with bird shot, what type weapon did the criminal possess? Moving on a house is criminal. Most likely the criminal will be released with charges dropped while the son will be prosecuted, it follows the theme.

 

[RobRoy]

Oh... ordered to produce the false one... all the time. And the son was charged...?... not really a question, but a statement. Bird shot, not serious, like using rock salt for melon thieves. 000 is what you want. One does not answer return fire from criminal insurgences with bird shot, what type weapon did the criminal possess? Moving on a house is criminal. Most likely the criminal will be released with charges dropped while the son will be prosecuted, it follows the theme.

I got a few hundred of these for my semi-auto shotgun, but I think they are overkill:

 

[spicer]

I was a very good retail salesman back in the 70's and early 80's. In fact, on my very first retail gig, I came on to the team a month or so into a sales contest and barely lost. But my mantra was always, "they are not buying the product. They are buying you.". So trust was a biggie.

However, you are right to a degree, but only to a degree. There was only one customer in all those years that I "intentionally screwed", and it has haunted me to a degree my entire life since then. The first word out of the young couple's mouths was that they didn't trust salesmen. They were a responsible couple and had saved a long time to be able to pay cash for a VCR.

I gained their trust and sold them a Sanyo Beta VCR.

Meanwhile, when wireless remotes came out, we had a ton of top of the line RCA VCRs with wired remotes to dump. I would sell them by pointing out that you never lose the remote, you don't have to worry about batteries going dead and no matter where you point it, it works rock solid.

I was telling this story to my son in law who owns his own very successful company and afterward he looked at me and said, "I did not know wired remotes ever existed. I think I would prefer it to our wireless remotes." i.e. I sold him on wired remotes 40 years later.

But your comment about "a half truth is a whole lie" describes the current mainstream news outlets beautifully. A classic example is the Nick Sandmann case. I saw their reporting, and then I saw the raw video. They intentionally misled, using "partial" information, and paid the price.

This is why I don't trust the press any more. And I mean ALL outlets. I yank out the raw data and ignore the fluff. And sometimes its very difficult to get the raw data.

Understand.... lying, especially, to one who has in good faith given their trust is damaging to the heart and soul, either hardens the heart or produces contriteness, both of which steer the soul. Trust is a biggie...