Author Topic: Is Hyperinflation On The Horizon? (Read 153611 times)

ExGingi · « **Reply #1180 on:** April 10, 2022, 12:37:32 PM »

Notice the dates of these tweets (click on them for more gems in the threads):

https://twitter.com/RudyHavenstein/status/1007317788040392704

https://twitter.com/RudyHavenstein/status/1028643947688554497

https://twitter.com/RudyHavenstein/status/1367484046956064768

Euclid · « **Reply #1181 on:** April 10, 2022, 04:10:08 PM »

https://darchecha.substack.com/p/pre-pesach-frum-consumer-price-index

ExGingi · « **Reply #1182 on:** April 10, 2022, 04:41:26 PM »

Quote from: Euclid on April 10, 2022, 04:10:08 PM

https://darchecha.substack.com/p/pre-pesach-frum-consumer-price-index

Pretty meaningless. No seasonal adjustment. I bought eggs for $1.17/dz. IIRC during COVID-19 eggs were distributed for free (along with blue milk), so that's real hyperinflation!

AsherO · « **Reply #1183 on:** April 10, 2022, 04:46:52 PM »

Quote from: Euclid on April 10, 2022, 04:10:08 PM

https://darchecha.substack.com/p/pre-pesach-frum-consumer-price-index

There’s no chance this person’s sampling is representative 3.6%?

avromie7 · « **Reply #1184 on:** April 10, 2022, 04:56:43 PM »

Quote from: AsherO on April 10, 2022, 04:46:52 PM

There’s no chance this person’s sampling is representative 3.6%?

over 2.5 months? That's pretty steep.

ExGingi · « **Reply #1185 on:** April 10, 2022, 06:47:10 PM »

Quote from: AsherO on April 10, 2022, 04:46:52 PM

There’s no chance this person’s sampling is representative 3.6%?

Quote from: avromie7 on April 10, 2022, 04:56:43 PM

over 2.5 months? That's pretty steep.

DDF and man on the street virology and epidemiology ideas look like PhD works compared to this inflation index.

ExGingi · « **Reply #1186 on:** April 10, 2022, 06:48:23 PM »

https://twitter.com/henrikzeberg/status/1513060595989426176

Euclid · « **Reply #1187 on:** April 10, 2022, 08:53:47 PM »

Quote from: Euclid on April 10, 2022, 04:10:08 PM

https://darchecha.substack.com/p/pre-pesach-frum-consumer-price-index

Quote from: ExGingi on April 10, 2022, 06:47:10 PM

DDF and man on the street virology and epidemiology ideas look like PhD works compared to this inflation index.

The author is writing these articles to bring the unique frum economic issues to the public forum, and galvanize a push for better data. This negative reaction is likely part of his strategy.

Lurker · « **Reply #1188 on:** April 11, 2022, 06:59:51 PM »

https://www.foxnews.com/media/media-forecasts-nasty-march-inflation-report

Joe4007 · « **Reply #1189 on:** April 12, 2022, 04:57:03 PM »

You know inflation isn't transitory when an 8.5% headline doesn't generate a single post in this thread...

ExGingi · « **Reply #1190 on:** April 12, 2022, 05:35:08 PM »

Quote from: Joe4007 on April 12, 2022, 04:57:03 PM

You know inflation isn't transitory when an 8.5% headline doesn't generate a single post in this thread...

https://twitter.com/MetreSteven/status/1513864945531863041

ExGingi · « **Reply #1191 on:** April 17, 2022, 09:54:22 PM »

https://twitter.com/macroalf/status/1515695576041627648

aygart · « **Reply #1192 on:** April 25, 2022, 08:44:19 AM »

Reuters: Indonesia's palm oil export ban leaves global buyers with no plan B.
https://www.reuters.com/business/indonesias-palm-oil-export-ban-leaves-global-buyers-with-no-plan-b-2022-04-25/

yuneeq · « **Reply #1193 on:** April 25, 2022, 08:49:05 AM »

Shrinkflation without shrinking the can. My favorite pet peeve. ETA: Better to call it something like decepflation

Euclid · « **Reply #1194 on:** April 25, 2022, 09:03:00 AM »

Quote from: yuneeq on April 25, 2022, 08:49:05 AM

Shrinkflation without shrinking the can. My favorite pet peeve. ETA: Better to call it something like decepflation

Is the weight on the label different? If not, there's probably legal recourse.

avromie7 · « **Reply #1195 on:** April 25, 2022, 09:15:09 AM »

Quote from: yuneeq on April 25, 2022, 08:49:05 AM

Shrinkflation without shrinking the can. My favorite pet peeve. ETA: Better to call it something like decepflation

Standard pesach packaging.

yuneeq · « **Reply #1196 on:** April 25, 2022, 09:25:23 AM »

Quote from: avromie7 on April 25, 2022, 09:15:09 AM

Standard pesach packaging.

And year round for spices. Cover 90% of the container with label and fill to 50%.

aygart · « **Reply #1197 on:** April 25, 2022, 10:33:23 AM »

These pictures look somewhat extreme, but in general, I have been in plants packaging powder products and saw that when they are filled they are close to the top with some room to prevent spillag at which point they are weighed to ensure proper product quantity. By the time it reaches the end of the line there is already very noticeable settling that occurred and when buying it retail the container looks like it was underfilled.

Specific to spices, many companies want to keep a uniform container size and uniform pricing and simply adjust the fill to account for the differences.

jye · « **Reply #1198 on:** April 25, 2022, 11:08:01 AM »

It’s an old problem called slack fill in the industry. It is deceptive and illegal both by federal and most state law but cases are rarely prosecuted and won. Consumer reports used to have Black Hole awards where readers would submit the most outrageous examples.

The are actually halachos in choshen mishpat regarding this. If it is not possible for the consumer to discern the missing product prior to purchase, AND the item commonly has more product it is likely mekach ta’us as nd actionable in beis din. If one started to use the product after opening it would get into a complex machlokes among the rishonim and poskim.

https://www.consumerreports.org/cro/magazine/2012/06/selling-it/index.htm

https://www.consumerreports.org/media-room/press-releases/2009/12/packages-that-are-full-of-air/

yuneeq · « **Reply #1199 on:** April 25, 2022, 11:15:17 AM »

Quote from: aygart on April 25, 2022, 10:33:23 AM

These pictures look somewhat extreme, but in general, I have been in plants packaging powder products and saw that when they are filled they are close to the top with some room to prevent spillag at which point they are weighed to ensure proper product quantity. By the time it reaches the end of the line there is already very noticeable settling that occurred and when buying it retail the container looks like it was underfilled.

Specific to spices, many companies want to keep a uniform container size and uniform pricing and simply adjust the fill to account for the differences.

Saying good, but I haven't seen this from non-Jewish brands. Nor should they cover the entire container with a label, leave space to see the actual contents.