Author Topic: Is Hyperinflation On The Horizon?  (Read 89538 times)

Offline Abey

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Sep 2017
  • Posts: 831
  • Total likes: 141
  • DansDeals.com Hat Tips 5
    • View Profile
Re: Is Hyperinflation On The Horizon?
« Reply #620 on: November 18, 2021, 04:35:42 PM »
Dems solution, letís flood the system with more money. *eyeroll*
This is primarily due to Trump admin decision to buy bonds and corporate debt, letís assign blame where blames due

Offline AsherO

  • Global Moderator
  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 28671
  • Total likes: 5592
  • DansDeals.com Hat Tips 78
    • View Profile
  • Location: NYC
Re: Is Hyperinflation On The Horizon?
« Reply #621 on: November 18, 2021, 04:52:38 PM »
This is primarily due to Trump admin decision to buy bonds and corporate debt, letís assign blame where blames due

And nothing to do with the US government's re$pno$e to COVID?

https://www.covidmoneytracker.org/

Offline aygart

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: May 2008
  • Posts: 15194
  • Total likes: 10960
  • DansDeals.com Hat Tips 14
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Re: Is Hyperinflation On The Horizon?
« Reply #622 on: November 18, 2021, 05:01:11 PM »
This is primarily due to Trump admin decision to buy bonds and corporate debt, letís assign blame where blames due
How did you reach the conclusion that it is this and not
the US government's re$pno$e to COVID?

https://www.covidmoneytracker.org/
Feelings don't care about your facts

Offline yesitsme

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Dec 2014
  • Posts: 4836
  • Total likes: 2094
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Re: Is Hyperinflation On The Horizon?
« Reply #623 on: November 20, 2021, 07:35:30 PM »

@ExGingi how's your coffee?
["-"]

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 13440
  • Total likes: 5428
  • DansDeals.com Hat Tips 17
    • View Profile
  • Location: 770
Re: Is Hyperinflation On The Horizon?
« Reply #624 on: November 20, 2021, 07:43:28 PM »

@ExGingi how's your coffee?

I buy my instant coffee from target using best pricing techniques learned during the oil and elite chocolate deal days.



No way this is up 80% or even 18%
« Last Edit: November 20, 2021, 07:48:00 PM by ExGingi »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ExGingi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Nov 2015
  • Posts: 13440
  • Total likes: 5428
  • DansDeals.com Hat Tips 17
    • View Profile
  • Location: 770
Re: Is Hyperinflation On The Horizon?
« Reply #625 on: November 20, 2021, 10:22:25 PM »
https://ggc-mauldin-images.s3.amazonaws.com/uploads/pdf/TFTF_Nov_20_2021.pdf

Quote
There is actually a reasonable explanation for this phenomenon. The federal government put $6 trillion directly in the hands of consumers, much of it regardless of need. State and local governments also restricted many retail and service businesses, like restaurants and hotels, theme parks, travel, and other ďexperienceĒ-related industries. So consumers, unable to spend on services, demanded more goodsóroughly 15% more than our logistical infrastructure had ever produced and delivered. Et voila, supply shortages. Throw in supply chain problems and you get inflation in goods.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline yesitsme

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Dec 2014
  • Posts: 4836
  • Total likes: 2094
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Re: Is Hyperinflation On The Horizon?
« Reply #626 on: November 20, 2021, 11:25:03 PM »
https://ggc-mauldin-images.s3.amazonaws.com/uploads/pdf/TFTF_Nov_20_2021.pdf

Bottom line the world can exist without the poor man's problem
Either you don't have money
Or you have it all but it's useless
["-"]

Offline yuneeq

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jan 2013
  • Posts: 8145
  • Total likes: 3043
  • DansDeals.com Hat Tips 10
  • Gender: Male
    • View Profile
  • Location: NJ
Re: Is Hyperinflation On The Horizon?
« Reply #627 on: November 21, 2021, 01:20:27 AM »
https://ggc-mauldin-images.s3.amazonaws.com/uploads/pdf/TFTF_Nov_20_2021.pdf

Am I missing something - isnít this the prevailing explanation for maybe a year already?
"If you fall, I will be there." -Floor

Offline cmey

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jan 2014
  • Posts: 420
  • Total likes: 219
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: lakewood
Re: Is Hyperinflation On The Horizon?
« Reply #628 on: November 21, 2021, 08:35:41 AM »
Freight cost down 25%. Donít expect to see prices to go in reverse anytime in the near future. Prices are really sticky on the way down.

https://www.wsj.com/articles/ocean-shipping-rates-fall-but-ports-are-still-jammed-11636972201?mod=article_inline

Offline cmey

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jan 2014
  • Posts: 420
  • Total likes: 219
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: lakewood
Re: Is Hyperinflation On The Horizon?
« Reply #629 on: November 21, 2021, 08:42:21 AM »
https://www.wsj.com/articles/inflation-yellen-biden-price-increase-cost-shipping-supply-chain-labor-shortage-pandemic-11636934826?mod=mhp

Itís not just a matter of companies passing their own cost increases along to consumers. Companies are making a windfall as they can push price increases that are well above inflation without much consumer pushback. You can bet that the kosher food industry price increases arenít merely tracking year over year inflation either.

Case in point. Danishes at a local place in Lakewood went from $2.50 to $3.00. Donuts from $1.00 to 1.20 - just in time for Chanukah :). Thatís a whopping 20% increase. 6% inflation and cost pass through are probably far less of a factor in the price increase than the belief that the consumer will swallow the price increase.

Offline Lurker

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jul 2019
  • Posts: 4868
  • Total likes: 5556
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: As always, silence is NOT an admission of agreement on DDF. It just means that people lack the stamina to keep on arguing with made up "facts", illogical arguments, deceiving statements, nasty and degrading comments, and fuzzy math. - @yelped
Re: Is Hyperinflation On The Horizon?
« Reply #630 on: November 21, 2021, 08:49:26 AM »
Case in point. Danishes at a local place in Lakewood went from $2.50 to $3.00. Donuts from $1.00 to 1.20 - just in time for Chanukah :). Thatís a whopping 20% increase. 6% inflation and cost pass through are probably far less of a factor in the price increase than the belief that the consumer will swallow the price increase.

Cost pass through is definitely a huge factor, at least from the storefront's standpoint. Your point is definitely valid, but applies more on the wholesale/distribution side, where they don't have to spend time dealing with customer complaints.

ETA: be happy it's just a "whopping" 20% increase. One of the largest South FL bakeries with a very significant wholesale business raised their donut prices over 40% this year for wholesale customers.
« Last Edit: November 21, 2021, 08:58:48 AM by Lurker »
Failing at maintaining Lurker status.

Offline avromie7

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2014
  • Posts: 7533
  • Total likes: 2014
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: Lakewood
Re: Is Hyperinflation On The Horizon?
« Reply #631 on: November 21, 2021, 08:51:00 AM »
Case in point. Danishes at a local place in Lakewood went from $2.50 to $3.00. Donuts from $1.00 to 1.20 - just in time for Chanukah :). Thatís a whopping 20% increase. 6% inflation and cost pass through are probably far less of a factor in the price increase than the belief that the consumer will swallow the price increase.
This is possible, but maybe it's because CPI doesn't accurately depict the real world cost increases.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline yuneeq

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jan 2013
  • Posts: 8145
  • Total likes: 3043
  • DansDeals.com Hat Tips 10
  • Gender: Male
    • View Profile
  • Location: NJ
Re: Is Hyperinflation On The Horizon?
« Reply #632 on: November 21, 2021, 09:23:59 AM »
Freight cost down 25%. Donít expect to see prices to go in reverse anytime in the near future. Prices are really sticky on the way down.

https://www.wsj.com/articles/ocean-shipping-rates-fall-but-ports-are-still-jammed-11636972201?mod=article_inline

Freight prices started going down about 30-45 days ago, but already the past week it seems to be on the upswing. Predictions are that it will continue increasing/remain high until Chinese New Years. Regardless, we should not be seeing consumer price decreases when freight is down just 25%.
"If you fall, I will be there." -Floor

Offline Ver hut gazugt

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jan 2021
  • Posts: 305
  • Total likes: 299
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: New york
Re: Is Hyperinflation On The Horizon?
« Reply #633 on: November 21, 2021, 09:39:54 AM »
Freight prices started going down about 30-45 days ago, but already the past week it seems to be on the upswing. Predictions are that it will continue increasing/remain high until Chinese New Years. Regardless, we should not be seeing consumer price decreases when freight is down just 25%.
yeh, hard to imagine prices going down when boats are waiting 5 weeks to unload off la.

Offline AsherO

  • Global Moderator
  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 28671
  • Total likes: 5592
  • DansDeals.com Hat Tips 78
    • View Profile
  • Location: NYC
Re: Is Hyperinflation On The Horizon?
« Reply #634 on: November 22, 2021, 01:09:34 AM »
Cost pass through is definitely a huge factor, at least from the storefront's standpoint. Your point is definitely valid, but applies more on the wholesale/distribution side, where they don't have to spend time dealing with customer complaints.

ETA: be happy it's just a "whopping" 20% increase. One of the largest South FL bakeries with a very significant wholesale business raised their donut prices over 40% this year for wholesale customers.

Wouldnít a 40% wholesale increase translate to an even higher retail increase?

Offline Euclid

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jun 2010
  • Posts: 3777
  • Total likes: 4079
  • DansDeals.com Hat Tips 3
    • View Profile
Re: Is Hyperinflation On The Horizon?
« Reply #635 on: November 22, 2021, 01:27:48 AM »
Wouldnít a 40% wholesale increase translate to an even higher retail increase?
(Holesale increase = shrinkflation ;) )

Offline yesitsme

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Dec 2014
  • Posts: 4836
  • Total likes: 2094
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Re: Is Hyperinflation On The Horizon?
« Reply #636 on: November 22, 2021, 03:58:58 AM »
just took notice of 16th Ave Glatt
window items used to be 2.50~3.00  are now 4.50~5.00
["-"]

Offline Lurker

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jul 2019
  • Posts: 4868
  • Total likes: 5556
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: As always, silence is NOT an admission of agreement on DDF. It just means that people lack the stamina to keep on arguing with made up "facts", illogical arguments, deceiving statements, nasty and degrading comments, and fuzzy math. - @yelped
Re: Is Hyperinflation On The Horizon?
« Reply #637 on: November 22, 2021, 06:32:39 AM »
Wouldnít a 40% wholesale increase translate to an even higher retail increase?

Yes, but the retailer is generally increasing the prices in relation to his cost, not just because he thinks he can get away with it.
Failing at maintaining Lurker status.

Offline yuneeq

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jan 2013
  • Posts: 8145
  • Total likes: 3043
  • DansDeals.com Hat Tips 10
  • Gender: Male
    • View Profile
  • Location: NJ
Re: Is Hyperinflation On The Horizon
« Reply #638 on: November 22, 2021, 08:23:03 AM »
Wouldnít a 40% wholesale increase translate to an even higher retail increase?

Not necessarily, depends on the retailers price structure. A retailer that typically marks up 100% might price a little lower to make it more palatable. And someone that marks up more than 100% would definitely not need to pass on a 40% increase.

Think of a restaurant with 30% of revenue goes towards ingredients. A 10% increase for ingredients expense  would turn into 33%, to pass on a 10% increase to customers isnít necessary. (Not a real example, I understand costs went up both for labor and ingredients).
"If you fall, I will be there." -Floor

Offline CountValentine

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Mar 2013
  • Posts: 12902
  • Total likes: 5101
  • DansDeals.com Hat Tips -1
  • Gender: Female
    • View Profile
  • Location: Poland - Exiled
  • Programs: DAOTYA, DDF Level 3, 5K Lounge
Re: Is Hyperinflation On The Horizon?
« Reply #639 on: November 22, 2021, 08:34:41 AM »
Yes, but the retailer is generally increasing the prices in relation to his cost, not just because he thinks he can get away with it.
What about car dealers?
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch