Prices.... Going Up!!!

[Dingman]

Humans are pretty efficient parasites

By definition, we are a parasite, and damn good at it.
Heh, I edited my post above with an old-man side whine.

 

[brian222]

Costco today. $4.15 a gallon. Steaks inside 4 in a pack $42-51 depending on weight. 12 good looking pork chops $18. We took the chops.

 

[GChief]

I guess you can do what others here have suggested re food prices -> grow a garden.

You just need to plant your own forest!

Started doing both on the new place in the fall

 

[OnTheBlitz]

Gas here was still $3.79 today.

I stopped eating these about 6 months ago (was burned out on them). Still have 6 in the freezer.

1/1/2021 these were $2.50

Now:

 

[OnTheBlitz]

1/1/2021 these were $3.49

Now:

 

[loopstick]

1/1/2021 these were $3.49

Now:
View attachment 2509433

It's all those backed up tanker ships in the Ozarks (if this is political, somebody bitch and I'll delete it)

 

[Jeffery]

Started doing both on the new place in the fall

That's great! Really looking forward to seeing those 2x4s!

 

[GChief]

That's great! Really looking forward to seeing those 2x4s!

It’s more of an orchard than a tree farm. Few “shade” trees but mostly fruit and nuts

 

[avionic]

Prices going up... Dollar value dropping.....

 

[OnTheBlitz]

Prices going up... Dollar value dropping.....

 

[NH-MAN]

View attachment 2509533

Still cheaper than pick your own buy by the pound candy places we have around here for the tourist's that are like 8-9 dollars a pound

 

[parman]

Gas $4.25 here and we're doing good because it hasn't gone up for 2 days!!!

 

[satellite]

Let's not forget that Russian oil only constitutes about 4% of the oil we use here in the states...
And that again, of course, oil companies are enjoying record profits.

 

[dfunghi]

Not all prices are going up. Here's the state of NASDAQ index's SEVEN GIANTS @ 8 March 2022:

View attachment 2506331

In dollar terms, the above decline reflects a $2.4 TRILLION decrease between 1 January 2022 and COB on 7 March 2022 -- i.e., in a mere 66-day span, reducing the overall NASDAQ index to June 2021.

Big Banks

NASDAQ index was not alone in suffering: Share prices of the FOUR largest US banks -- JP Morgan, Bank of America, Citibank and Wells Fargo -- have also declined, by 21%, between 10 January 2022 and 7 March 2022:

BIG FOUR TOTAL MARKET CAPITALIZATION (BILLION USD)
View attachment 2506332
Source: Y-Charts Data Services

Airlines

Not to be outdone, share prices have also declined among the nation's 8 largest airlines:

BIG EIGHT AIRLINES TOTAL MARKET CAPITALIZATION (BILLION USD)
View attachment 2506333
Source: Y-Charts Data Services

So did share price for any "big players" rise over the early portion of 2022?

Yes. Here is a list of the "winners" -- the largest gainers -- @ the S&P 500 between 1 January and 7 March 2022:

View attachment 2506334

Energy / utilities and fuels industrials mostly, plus one fertilizer and one telecom.

The shape of things to come?

Newmont NMT is a precious metals miner that made new ATH this week. Is down from the high today though.

 

[Jeffery]

Some stainless pipe I got a quote on last Friday at $293/ft was $495/ft today. Nickel price skyrocketed and the suppliers are scrambling. Quote was good for 1 hour.

 

[petes'picks]

That is your typical 7% inflation. *see fine print. Compounded hourly

 

[spicer]

Limiting the caloric intake of all Americans just enough to make them healthier while avoiding any malnutrition would require a level of precision that no centrally planned economy has ever managed to achieve for long.

No, but central planning has been successful in the other direction.

 

[OnTheBlitz]

I'm making a big batch of spaghetti today.

Jan 1st 2021 $3.29

Now:


Jan 1st 2021 $3.85

Now:


With all ingredients, this Now cost ~50% more to make now then on Jan 1st 2021:

Happy, happy, joy, joy.

 

[rickb119]

I'm making a big batch of spaghetti today.

Me too, using the same sausage and hamburger. (I also add ground pork sausage to mine.) Yours looks delicious. Never thought about adding green peppers.

Got my hamburger quite a bit cheaper (semi-local butcher shop) but was surprised at the cost of tomato sauce. $1.99 for a 29oz can.

 

[Cactus Bob]

You can still get gas for $1.39 at Taco Bell