Author Topic: Is Hyperinflation On The Horizon? (Read 197305 times)

Ver hut gazugt · « **Reply #1460 on:** September 21, 2022, 07:57:57 PM »

Quote from: WayBackMachine on September 21, 2022, 07:50:21 PM

What was it pre covid?

1600-5000 depends on the season. This time of year closer to 3-4k

yuneeq · « **Reply #1461 on:** September 21, 2022, 11:03:05 PM »

Quote from: yuneeq on September 21, 2022, 07:09:06 PM

Goods have to come down in price at some point. Shipping prices are spiraling downward faster than ever. I'm getting quoted $2600 to the West Coast compared to $10-11k in May. East coast is down from $12-13k to about $6,800. Carriers are adjusting contracted rates weekly, which is unprecedented. Expecting it to continue falling as demand is dropping like a rock.

Already tonight 2 people tell they were quoted 2k to west coast. And another quoting 6k to east coast. That's how fast it's dropping. Soon the ocean carriers will be making less money than pre-covid if they aren't already. Their costs are locked in at higher rates.

Lurker · « **Reply #1462 on:** September 22, 2022, 02:07:26 AM »

Quote from: yuneeq on September 21, 2022, 11:03:05 PM

Already tonight 2 people tell they were quoted 2k to west coast. And another quoting 6k to east coast. That's how fast it's dropping. Soon the ocean carriers will be making less money than pre-covid if they aren't already. Their costs are locked in at higher rates.

What does this mean for dockworkers?

aygart · « **Reply #1463 on:** September 24, 2022, 11:30:01 PM »

Markets Insider: Jeremy Siegel says the Fed is making its worst mistake in 110 years.
https://markets.businessinsider.com/news/stocks/jeremy-siegel-fed-making-same-mistake-interest-rates-inflation-recession-2022-9

ExGingi · « **Reply #1464 on:** October 01, 2022, 08:30:19 PM »

https://twitter.com/macroalf/status/1576263422869573632

WayBackMachine · « **Reply #1465 on:** October 02, 2022, 11:41:58 AM »

https://www.linkedin.com/posts/irazlotowitz_inflation-activity-6978889538127482881-SPwF

Lurker · « **Reply #1466 on:** October 02, 2022, 12:29:13 PM »

Quote from: WayBackMachine on October 02, 2022, 11:41:58 AM

https://www.linkedin.com/posts/irazlotowitz_inflation-activity-6978889538127482881-SPwF

To give this post and some of the comments some context, on virtually every single invoice I get, the price is raised on at least one item. The item needs to be put on the shelf, the price needs to be changed in the POS, and the price on the shelf needs to be updated. Each of those things takes time. More often than not, the choice is made to get the inventory on the shelves before the other 2 steps are completed, because we'd rather have products for our customers to buy than have them wait until we have time to complete the entire process. It's less than ideal, and generally a customer service nightmare. The sign helps mitigate some of that, but there is no perfect solution.

CountValentine · « **Reply #1467 on:** October 02, 2022, 12:43:08 PM »

Quote from: Lurker on October 02, 2022, 12:29:13 PM

To give this post and some of the comments some context, on virtually every single invoice I get, the price is raised on at least one item. The item needs to be put on the shelf, the price needs to be changed in the POS, and the price on the shelf needs to be updated. Each of those things takes time. More often than not, the choice is made to get the inventory on the shelves before the other 2 steps are completed, because we'd rather have products for our customers to buy than have them wait until we have time to complete the entire process. It's less than ideal, and generally a customer service nightmare. The sign helps mitigate some of that, but there is no perfect solution.

Why do most of the major chains have no issue with the price marked is the price you pay? Do they just update every day?

Lurker · « **Reply #1468 on:** October 02, 2022, 12:58:24 PM »

Quote from: CountValentine on October 02, 2022, 12:43:08 PM

Why do most of the major chains have no issue with the price marked is the price you pay? Do they just update every day?

A number of reasons. First, they have contracts with prices locked in at a corporate level. The local store doesn't have to deal with pricing, because it's done for them before the delivery shows up. For the same reason, they also don't have surprise increases. Second, the Kosher world runs very differently than general distributors when it comes to professionalism. Many are not even close to being on top of their game with regards to price increases or inventory management. The results trickle down...

incendia · « **Reply #1469 on:** October 02, 2022, 05:55:03 PM »

Quote from: WayBackMachine on October 02, 2022, 11:41:58 AM

https://www.linkedin.com/posts/irazlotowitz_inflation-activity-6978889538127482881-SPwF

In NYS the law says they have to honor the price marked on the shelf. However, there is no enforcement so unless there is a case that is so egregious that the AG takes notice there's nothing you can do besides walk away.

Quote from: Lurker on October 02, 2022, 12:58:24 PM

A number of reasons. First, they have contracts with prices locked in at a corporate level. The local store doesn't have to deal with pricing, because it's done for them before the delivery shows up. For the same reason, they also don't have surprise increases. Second, the Kosher world runs very differently than general distributors when it comes to professionalism. Many are not even close to being on top of their game with regards to price increases or inventory management. The results trickle down...

Some stores don't even post the price you just get a surprise at checkout.

ETA

NYS and NYC both of laws/regulations that stores have to display prices for every SKU and those prices have to be accurate or face penalties but still many stores seem to get away with it.

WayBackMachine · « **Reply #1470 on:** October 02, 2022, 09:58:35 PM »

Quote from: Lurker on October 02, 2022, 12:29:13 PM

To give this post and some of the comments some context, on virtually every single invoice I get, the price is raised on at least one item. The item needs to be put on the shelf, the price needs to be changed in the POS, and the price on the shelf needs to be updated. Each of those things takes time. More often than not, the choice is made to get the inventory on the shelves before the other 2 steps are completed, because we'd rather have products for our customers to buy than have them wait until we have time to complete the entire process. It's less than ideal, and generally a customer service nightmare. The sign helps mitigate some of that, but there is no perfect solution.

And how does that explain the same sign in yapchik fast food restaurant

WayBackMachine · « **Reply #1471 on:** October 02, 2022, 09:59:58 PM »

Some restaurants switched to digital price boards in order to keep up with the frequent price hikes

ExGingi · « **Reply #1472 on:** October 03, 2022, 12:34:42 PM »

Just wow!

Central Banks are supposed to be independent (except in Türkiye) so rather than governments tell the bankers what to do, we now have the UN?

או"ם שמום anybody?

Did anyone say gold?

https://twitter.com/concodanomics/status/1576962212337684480

incendia · « **Reply #1473 on:** October 03, 2022, 05:32:18 PM »

Quote from: ExGingi on October 03, 2022, 12:34:42 PM

Just wow!

Central Banks are supposed to be independent (except in Türkiye) so rather than governments tell the bankers what to do, we now have the UN?

או"ם שמום anybody?

Did anyone say gold?

https://twitter.com/concodanomics/status/1576962212337684480

Asking and telling aren't the same thing