Prices.... Going Up!!!
- Thread starter musichal
- Start date
KT88Lvr
Active Member
Last year I had my sites set on a new 64 Fender Princeton Reverb (Custom Shop - HW version) - it was only "slightly" more than a PRRI. @2300.00. My plan was July of this year I'd purchase it - from a place with free shipping and no tax.
Then out of the blue it shot up to 2550.00 (end of last year) now it has shot up to slightly over 2800.00. In fact I think the Fender warranty has gone down from 5 years to 2 years to make things worse. I can get a lifetime warranty hand built amp for that price.
What a drag. I think I'll stick with a PRRI or DRRI which I can actually test out - which is a good thing.
Then out of the blue it shot up to 2550.00 (end of last year) now it has shot up to slightly over 2800.00. In fact I think the Fender warranty has gone down from 5 years to 2 years to make things worse. I can get a lifetime warranty hand built amp for that price.
What a drag. I think I'll stick with a PRRI or DRRI which I can actually test out - which is a good thing.
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Mystic
We're all born mad
Riffing of of this, I just read an account of Fed chair Powell's reaction(s) @ today's meeting of the FRB's "governors". Here's what Powell, et al, learned today (28 January 2022) from the offical report by the Bureau Of Economic Analysis (a unit @ the St Louis Federal Reserve):
The latest Core PCE Price Index, which excludes food and energy and thus (in my and most opinions) understates inflation in the most of all of the government’s inflation measures -- which of course means it is the index used used by the Fed for its inflation target lol -- increased 0.50% b/w November and December 2021 and by 4.9% Y/Y ... the worst inflation reading since 1983. This means that inflation, as measured by the Fed's usual lowest lowball inflation measure, is more than double the Fed’s inflation target of 2%.
Not a pretty picture:
Source: Bureau of Economic Analysis (St Louis Fed)
Further, the PCE inflation index, which does include food and energy, increased 0.45% in b/w November and December 2021 and by 5.8% Y/Y ... the worst reading since 1982.
Source: Bureau of Economic Analysis (St Louis Fed)
Recriminations and (probably) continued inaction to follow.
The financial pain and pressures y'all are experiencing in USA Inc is genuine.
nonsense?...really?....are you telling me I'm not a taxed source?....hmm, what's all those deductions on my former paychecks?....Pa. sales tax is my imagination?....how much am I really paying for a gallon of gas?
Elitist rationalization may sound good, but the bottom line is I'm paying for the bs that's allowing people to sit home...
nonsense my butt....
Addendum:
Unemployment in 1980 peaked at 7.7%.
(If you had a job, you did your best to hang onto it. There really was no place to go. The work rumor mill was awful. "They're laying off the 2nd shift, so and so just got laid off."
You were always wondering if you were next.
Energy costs were extremely high, which helped "fuel" the re-introduction of wood-burning stoves. I put in 2 of them)
Unemployment in Dec 2021: 3.9%
Spitfirejoe
Cheap Audio Aficionado
I fear unemployment numbers are drastically understated right now. Remember that those "not looking for work" are no longer counted. A lot of people gave up over the last few years and aren't looking for work - even though they are not on strong financial footing. We don't know what the real unemployment number is. At least not in the sense of being able to make a direct comparison to what was happening over 40 years ago.
Reminds me of a saying my old boss use to have:
"When you look at numbers, you have to figure out if the guy is buying or selling....)
Who knows how much determining inflation/unemployment figures have changed in 40 years.
Probably best to use the comparison as relative.
"When you look at numbers, you have to figure out if the guy is buying or selling....)
Who knows how much determining inflation/unemployment figures have changed in 40 years.
Probably best to use the comparison as relative.
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Please excuse the misunderstanding, if we were talking at the dog park or over a coffee you would have been able to tell my intention I believe.
This is one of the biggest downsizes to digital communication. The inability for other party to hear inflection or delivery.
The point I was trying to make was that those handing out the money didn't have it to hand out so they manufactured it at will. My post was 100% intended to deride and insult the handout folks since they are the problem. Sending billions to folks that had no need. People who were working from home earning $50-$70K a year, often times as couples so double that amount for household, (unmarried) filing separately. There was zero need to do the handouts the way they did unless what they really wanted was to flood the world with money and create an inflation wave that leads in a decade to the US debt burden being halved in real dollars by deeply devaluing that money.
Inflation hurts lenders and helps borrowers. There was likely a "WINK AND NOD" between central bakers and powerful banks like GS, Citi, and JPM that the plan was to use the pandemic induced economic collapse (a real thing IMO) to their benefit and execute this plan they had no idea how to deploy. Inflating away the debt has been the plan since 2002 or earlier. Greenspan knew he could rely on eventually inflating away the debt, Bernanke made it an art form and so far the current and previous pair have never stopped supporting government borrowing (and corp and consumer), expanding their balance sheet via monetary inflation, IOW printing new money at will. Money created at a key stroke with no sweat or labor involved. Free money, printed at will and accepted (favored even) all around the globe. A veritable flood of money and the perfect way to give it out.
If the government wanted to give money away they typically needed to take it from others via taxation. Therefore being able to give away money and not use taxes as the source of that money they had a chance (even encouraged) to flood that money out. No stealth, no hidden, backroom deals just blatantly handing out free money by the trillions.
If I was the head of a banking cartel and had the WH’s ear, anyone's WH, (likely through strong connections to Treas Sec) I would shown them how the only way to keep borrowing is to inflate away your debt (monetization of debt historically fails) but couldn't tell them the best way to do that and suddenly covid induced panic and a willing public across the globe encouraged what the bankers wished they could do.
I meant no disrespect or ignorance of your taxes, like mine in NYS, are high and everywhere.
I don't doubt your tax bite sucks as do most of us legal filers. I never meant to call into question that taxes are collected and often wasted.
My sole point was that it is not our tax dollars they are giving away it is the next three or four generations taxes. Debt IOW.
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felix_katze
Well-Known Member
If anyone is interested in a more rigorous treatment of what is going on, this might be worth a watch:
It's long though at near an hour. A quick (but not comprehensive) summary of some of the major issues are demand for services down, demand for things (manufactured goods) up, global supply chain disruptions ie manufactured goods can't get to those that want them all add up to inflated prices on goods. Also worth noting that because the mix of goods people were actually spending their money changed very rapidly (away from the "basket" typically used in determining inflation), reported figures are very likely misrepresenting things.
It's long though at near an hour. A quick (but not comprehensive) summary of some of the major issues are demand for services down, demand for things (manufactured goods) up, global supply chain disruptions ie manufactured goods can't get to those that want them all add up to inflated prices on goods. Also worth noting that because the mix of goods people were actually spending their money changed very rapidly (away from the "basket" typically used in determining inflation), reported figures are very likely misrepresenting things.
spicer
Lunatic Member
History. Money. Banking. Banks. Pursuit of power and world domination. Human activity. War game it, that's what it is. Ultimately it is us versus them and they don't simply have a lot of money, they make the money. I posted somewhere about having bought Apple stock back when it was floated they might go under. I bought it knowing 'going under' was not to happen. Left versus Right, East versus West, many to choose from, knowing how things work 'off field' Apple would not only continue, they would thrive. It wasn't a gamble, it was a sure thing. The bite out of the apple was the tell. The money is good but I have never bought one of their products and to the extent I can avoid it never will but forced to play it was an informed move. It followed the paradigm.
I see now....yes, internet commentary does lose that inflection, rhetoric characteristic.
Thanks for the clarification....
30x10^14 pennies for your thoughts?
All I know is that Dollar Tree's now Buck And A Quarter Tree.
Mystic
We're all born mad
30x10^14 pennies for your thoughts?
One quick thought: Most, if not all, probable solution(s) will not win votes.
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That's a great idea! What dilution do you use?
I bought some pool shock at the beginning of the pandemic, to clean up from a backed up sewer. Bleach had disappeared by then, and it was the only thing I could find. I think I diluted it to around a 7% bleach solution.
mfrench
Addicted Member
Well, i've used it in various strengths. I'm still trying to figure it out.
My latest effort was sort of as an after-thought, a by-product of some sanitizing that I did. I figure that the sanitizing mix was likely 25% pool chlorine / 75% hose water. I poured the residual end product along an interface of concrete patio slab, and an abutted 60lb concrete landscape block wall, along the concrete patio edge; read: impossible to get weeds out.
There was a dandilion-like weed growing in that crack. I poured that apprx. 25%/75% mix into the crack along that interface, and, they started dying off by the next morning. By the next day, they were totally wilted, and, now brown, and well dead.
So, it wasn't immediate death from a diluted root soaking, but it worked.
I've also used it from a backpack sprayer, at full strength, as a topical spray. This way, immediate death. They're well wilted within short time; within hours.
These results were broad-leaf weeds, ^.
Grasses seem a bit tougher. They die in their tops, but, regrow again from the root mass, when I do a topical spray. I've needed to do root soak on the grasses. The root soaking seems effective.
