Started by Dry Brett Kavanaugh, November 29, 2021, 12:02:30 PM
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Quote from: MusicTurner on November 29, 2021, 12:11:18 PMTalking yesterday to a family member working for a shop selling outdoor equipment, she said that when they had to pay 2,000 Euros for a container unit transport from overseas a couple of years ago, the price had now gone up to ... more than 14,000 Euros. Hard to see such developments not affecting prices, at least for a while, as regards a lot of imported goods ...
Quote from: Dry Brett Kavanaugh on September 16, 2022, 01:35:55 PMThe title of an opinion article on Washington Post today- Jerome Powell (Fed Chair) to the Rest of the World: Drop Dead. The author says that an increase in interest rate will not lower price, which is pushed by the insufficient supply rather than increased demand.https://www.washingtonpost.com/business/jerome-powell-to-the-rest-of-the-world-drop-dead/2022/09/15/70e7b764-34b3-11ed-a0d6-415299bfebd5_story.html
Quote from: Todd on September 16, 2022, 01:54:48 PMPowell should push for larger rate increases and more aggressive quantitative tightening, though more caution is needed there to ensure smooth Treasury market operations. The Fed's mandates apply only to the US. (Really, price stability should be its only mandate, but that's a separate political and legal issue.) It would be nice if Powell really could use the now famous phrase from the Ford era.
Quote from: Dry Brett Kavanaugh on August 11, 2022, 01:29:27 PMGrocery prices increased 13.1% in July- highest increase since 1979. I guess the prices at restaurants will follow. I personally suspect that the labor shortage today is one of causal factors.I have heard that Wednesday is the best day for buying grocery at a supermarket- cheaper and good quality- but I am not sure.https://finance.yahoo.com/news/inflation-grocery-prices-increased-in-july-despite-cool-down-143205313.html
Quote from: Dry Brett Kavanaugh on September 16, 2022, 08:38:32 PMThat begs the question if a tighter monetary policy will lower the prices or not.
Quote from: Pohjolas Daughter on September 17, 2022, 04:25:48 AMOne trick: Check the fliers/circulars for specials and then get to the store the day that the new specials come out as they often sell out quickly. Oftentimes you can pick up or view (online? not certain) the next week's circular at the supermarket ahead of time and it helps for planning purposes. Note: in these days and times, sometimes the stores don't get in their specials or don't get them in right away. Also, some stores give out "rain checks" if they are sold out of something. You can get them at the customer service desk to use at a later date (ask how long they are good for).Some other tricks: buy things like meat in larger (family size) packages and break them up into smaller amounts, wrap well, and freeze. Or you could work together with a friend and split a package. Also take a looksie through meat/fish, etc. and produce sections for "manager's specials" which are often items whose sell buy date is very soon (think tomorrow), but the food is still good. If you can't use it or all of it right away, freeze it.Just some ideas....PD
QuoteUS investors will continue to have no incentive to stray from American assets — and this will starve the rest of the world of capital. The latest Bank of America worldwide survey of fund managers survey, released on Tuesday, shows the largest underweight of global equities in its history. If you're a professional investment strategist, you're not going to be fired if you stick to dollar assets, or just dollar cash. It's hard to see what will change this mindset.
Quote from: Dry Brett Kavanaugh on October 03, 2022, 05:52:51 PMThe United Nations dared to disagree with Todd. WSJ: U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases.https://www.wsj.com/articles/u-n-calls-on-fed-other-central-banks-to-halt-interest-rate-increases-11664809202
Quote from: vandermolen on October 04, 2022, 05:29:45 AMWe now shop at Lidl rather than at Waitrose! It is much cheaper. We have turned off the heating completely (according to an article in the Times today this is quite good for you). We just heat up the hot water for an hour in the morning. We have an open fire which we haven't yet used this Autumn.
Quote from: Todd on October 04, 2022, 04:41:46 AMWhat did the UN disagree with? The UN concern is recession. I explicitly stated that contractionary monetary policy will cause recession, and it is a matter of how bad it will be, not whether it will occur. When the Fed raises rates, it in effect exports US inflation to the rest of the world and it always ends up causing financial distress in developing countries. The Fed legal mandates apply to the US only, not the rest of the world. It is not the responsibility of the Fed to pursue policies that manage inflation or employment in other economies. In fact, such policies may violate US law. Since the Fed cannot address tax policy or fiscal policy, it can only use the tools at its disposal. At least it's not jacking up reserve requirements.
Quote from: Dry Brett Kavanaugh on October 04, 2022, 07:43:53 AMAll the measures sound rather fun, Jeffrey! I have minimized eating out, and I found that I prefer my cooking to those at restaurants. Also I stopped buying clothes. Always I liked discount stores, and I continue to use them, ie Dollar General in the U.S.A.. I prefer seafood and fruits to meat/chicken, which are less costly. However, I have no plan to change this.
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