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Post by ferris1248 on May 8, 2024 20:01:26 GMT -5
I find the people that eat a lot of fast food are the very people that can’t afford it. Both health wise and monetarily. There are so many ways to eat on the cheap if you’re not lazy. This is true, but good food can, real food, can also be as expensive as you make it. "can also be as expensive as you make it." True words. We grew up eating grits, oatmeal, powdered milk, turnip greens, collards, eggs, drumsticks, jowl meat, co-cola steak and other cheap stuff. Didn't seem to stunt our growth.
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Post by garycoleco on May 8, 2024 20:03:07 GMT -5
Talk to your brothers and sisters waiting in the check out line of a grocery store. They'll tell you the truth without having to Google anything
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Post by ferris1248 on May 8, 2024 20:05:59 GMT -5
Are you saying I googled my childhood diet?
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Post by cyclist on May 8, 2024 20:10:22 GMT -5
Or we don't shop ourselves?
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Post by cadman on May 9, 2024 5:11:04 GMT -5
Are you saying I googled my childhood diet? Don't be googling your childhood 😁
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Post by cyclist on May 14, 2024 7:17:54 GMT -5
From NYT. Interesting take on inflation
Labor conditions remaining strong — there’s no reason to believe that inflation will slow materially into year-end,” argued José Torres, senior economist at Interactive Brokers.
The hot economy, he said, is “leading to structurally higher wage bills” for employers, who are still choosing to respond to that cost by raising prices when they can. That, Mr. Torres concludes, makes the journey to the Fed’s inflation target “almost impossible at this juncture absent a rise in unemployment.”
He thinks the Fed will begin easing rates no sooner than next year.
Most economists picking apart the data agree that a continued willingness to pay for more expensive stuff (or “price insensitivity”) accounts in part for inflation’s persistence.
Torsten Slok, the chief economist at Apollo Global Management, has asserted that the upper middle class and the most affluent are fueling price increases for services specifically and inflation in general, even as several companies report that their lower-earning customers are cutting back, seeking deals and trading down to save.
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He is projecting that there will be little progress in coming inflation readings and that there will be no rate cuts from the Fed this year.
“Because of the significant rise in the stock market and significant cash flows” from high-yield savings accounts and bonds, Mr. Slok said in a research note, “U.S. households have more money to travel on airplanes, stay at hotels, eat at restaurants, go to sporting events, amusement parks and concerts.”
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Post by cadman on May 14, 2024 7:27:23 GMT -5
Next report comes out tomorrow and is estimated at 3.4%, not a good indicator for a rate decrease anytime soon.
The consumer confidence index is also falling and is not below 100. Not a good sign. I still think we have a recession sometime next year
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Post by ferris1248 on May 14, 2024 7:37:51 GMT -5
I don't see a rate decrease coming this year. I've rolled a couple of CDs over so their maturity comes after the 1st of the year. If things go as I suspect, Treasuries will be strong in early 2025 and I'll go there if so.
It appears a recession will happen regardless of who's in office. No one knows the depth but I suspect a milder one. The economy has held up much better than expected and should temper the severity.
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Post by cadman on May 14, 2024 8:14:22 GMT -5
I am still buying treasury notes with 5.3% to 5.4% return.
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Post by meateater on May 14, 2024 9:18:18 GMT -5
Next report comes out tomorrow and is estimated at 3.4%, not a good indicator for a rate decrease anytime soon. The consumer confidence index is also falling and is not below 100. Not a good sign. I still think we have a recession sometime next year one of the smartest things i ever heard you say / type. honest too.
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Post by OhMy on May 14, 2024 9:21:37 GMT -5
Next report comes out tomorrow and is estimated at 3.4%, not a good indicator for a rate decrease anytime soon. The consumer confidence index is also falling and is not below 100. Not a good sign. I still think we have a recession sometime next year one of the smartest things i ever heard you say / type. honest too. Did this admin inherit 9% inflation?
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Post by tampaspicer on May 14, 2024 10:57:02 GMT -5
This is why I'm growing as much food as I can. We buy the majority of our groceries from Sam's Club. Wife makes a pickup order a couple times a month. I also quit eating fast food for the most part. Might grab Wendy's a couple times a month for lunch at work or an occasional Whopper meal. Can't stand McDonalds anymore. I'm the main one responsible for cleaning out the leftovers from the fridge at home for lunch at work.
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Post by biminitwisted on May 16, 2024 20:03:58 GMT -5
"The only reason the stock market goes up is because I’m leading in all the polls.”
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Post by nikonoclast on May 17, 2024 0:10:56 GMT -5
Valuations are either at an unsupportable high level, or maybe this is the "new normal".
Berkshire Hathaway is sitting on almost a Trillion ... Mr. Buffet can't find anything to buy.
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Post by ferris1248 on May 17, 2024 5:21:20 GMT -5
Berkshire isn't sitting on the sidelines.
"Berkshire revealed it acquired nearly 26 million shares of Chubb in a Wednesday Securities and Exchange Commission filing of the company’s first quarter investments. That translates to a value of approximately $6.7 billion."
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