Author Topic: Is Hyperinflation On The Horizon?  (Read 154247 times)

Offline ExGingi

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Re: Is Hyperinflation On The Horizon?
« Reply #780 on: January 28, 2022, 02:50:23 PM »
I know of a restaurant that lost it's heimishe hechsher and eventually closed down over this.

Protecting their own. או קנה מיד עמיתך
I've been waiting over 5 years with bated breath for someone to say that!
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Offline yungermanchik

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Re: Is Hyperinflation On The Horizon?
« Reply #781 on: January 28, 2022, 02:55:09 PM »
Protecting their own. או קנה מיד עמיתך
I think it was more of a power struggle between the mashgiach and the proprietor.
Small people talk about other people.
Average people talk about things
BIG PEOPLE TALK ABOUT IDEAS.

Offline yesitsme

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Re: Is Hyperinflation On The Horizon?
« Reply #782 on: January 28, 2022, 03:03:34 PM »
Protecting their own. או קנה מיד עמיתך
it might be the same but they set standards that you need to follow, even if the logic says otherwise
when I was a buchor learning in EY, i used to eat by a ruv, a baal machshir, I asked him about a hechsher if its relieble, he told me that its fine I can eat it, there was once a mistaken delivery to yeshiva with an item that had that hechsher so I told this ruv about it (I was happy to know that its a good hechsher) so he asked me if I made sure that its returned and no one ate from it, I told him what do you mean you said its good, so he responded the hechsher is good but the yeshiva has a geder which hachsharim they use and this hechsher is not one of those

so not always its kosher or not kosher, sometimes its policeis to keep it all kosher
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Offline moko

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Re: Is Hyperinflation On The Horizon?
« Reply #783 on: January 28, 2022, 03:10:18 PM »
Why can't you compare Gefen mayo to store brands made at the same private label plant?
volume, volume, volume.
The store brand doesn't need the margins the Heimishe brand needs and is often getting a better deal

Online aygart

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Re: Is Hyperinflation On The Horizon?
« Reply #784 on: January 28, 2022, 03:12:26 PM »
I know of a restaurant that lost it's heimishe hechsher and eventually closed down over this.
As they should of they refuse to comply with the most trivial rule.
Feelings don't care about your facts

Online aygart

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Re: Is Hyperinflation On The Horizon?
« Reply #785 on: January 28, 2022, 03:12:40 PM »
He was the one upfront with me about oil
Ahh
Feelings don't care about your facts

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Re: Is Hyperinflation On The Horizon?
« Reply #786 on: January 28, 2022, 03:21:40 PM »
volume, volume, volume.
The store brand doesn't need the margins the Heimishe brand needs and is often getting a better deal
You have better access to the numbers than I do, but I am skeptical that some smaller store brands have significantly more volume than the heimishe. There are very large groups who will exclusively buy them and many others who buy them in frum stores the way one would buy a store brand.
Feelings don't care about your facts

Offline EliJelly

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Re: Is Hyperinflation On The Horizon?
« Reply #787 on: January 28, 2022, 03:29:37 PM »
Ahh
ahh
Ain't gonna rack my brain over this, maybe you are just entering a super hot mikvah.

Offline ExGingi

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Re: Is Hyperinflation On The Horizon?
« Reply #788 on: January 28, 2022, 03:40:07 PM »
it might be the same but they set standards that you need to follow, even if the logic says otherwise
when I was a buchor learning in EY, i used to eat by a ruv, a baal machshir, I asked him about a hechsher if its relieble, he told me that its fine I can eat it, there was once a mistaken delivery to yeshiva with an item that had that hechsher so I told this ruv about it (I was happy to know that its a good hechsher) so he asked me if I made sure that its returned and no one ate from it, I told him what do you mean you said its good, so he responded the hechsher is good but the yeshiva has a geder which hachsharim they use and this hechsher is not one of those

so not always its kosher or not kosher, sometimes its policeis to keep it all kosher

As my FIL would say: מ׳האט אויפגעהערט עסן כשר, און אנגעהויבן עסן הכשרים.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline yesitsme

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Re: Is Hyperinflation On The Horizon?
« Reply #789 on: January 28, 2022, 03:57:23 PM »
As my FIL would say: מ׳האט אויפגעהערט עסן כשר, און אנגעהויבן עסן הכשרים.
true, we live in a commercial world its impossible otherwise
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Offline jye

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Re: Is Hyperinflation On The Horizon?
« Reply #790 on: January 28, 2022, 04:01:00 PM »
For those who understand supply chain economics, inflation hits specialty items exponentially harder than standard items.
A basic reason for this that over larger volume you can afford to have a lower margin than when the volume is much lower.
I'm one of those images they compare store brand mayo with gefen. The comparison is ludicrous. You can't even compare gefen to a name brand like Hellman's. It need to be compared to a specialty Mayo for proper comparison. You'll likely see very similar results if you don't be comps correctly.
You can't compare CY milk to your local store brand or even to a national brand like Dean or Hood. If you compare to locally sourced or specialty milk, you'll find the pricing far more similar.
For example, a 1/2 gallon specialty milk in stop mad shop sell for $3.49 and CY milk sells for $3.69.
This is why many out of town communities find it cheaper to bring in CY than produce their own. I could easily set up a CY operation locally for our community but the price would be the same or higher than bringing it from NY.

One of the main driving forces for pricing is volume.
Volume.Volume.Volume

That doesn’t explain why POTF milk which is the same process as Kreider Farms milk goes for $3.79 while a gallon of non specialty CS milk goes for around the same price....

Offline jye

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Re: Is Hyperinflation On The Horizon?
« Reply #791 on: January 28, 2022, 04:05:57 PM »
The consumer really needs a comprehensive list of non sensitive items such as pasta, where (other than yoshon) one is getting the same lichatchila standard whether he is buying Shoprite elbows at 50 cents a box  or Gefen elbows at 5 times the price. There are hundreds of such products. The consumer can then make an educated decision and prices would come down.

Offline yesitsme

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Re: Is Hyperinflation On The Horizon?
« Reply #792 on: January 28, 2022, 04:23:53 PM »
The consumer really needs a comprehensive list of non sensitive items such as pasta, where (other than yoshon) one is getting the same lichatchila standard whether he is buying Shoprite elbows at 50 cents a box  or Gefen elbows at 5 times the price. There are hundreds of such products. The consumer can then make an educated decision and prices would come down.
Very True
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Offline yuneeq

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Re: Is Hyperinflation On The Horizon?
« Reply #793 on: January 28, 2022, 04:50:38 PM »
The consumer really needs a comprehensive list of non sensitive items such as pasta, where (other than yoshon) one is getting the same lichatchila standard whether he is buying Shoprite elbows at 50 cents a box  or Gefen elbows at 5 times the price. There are hundreds of such products. The consumer can then make an educated decision and prices would come down.

If you ask me, purchasing non-CY should also be on the table. If you hold it's a chumra, there's no reason to struggle to pay the bills. The price differences are insane.
Visibly Jewish

Offline Euclid

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Re: Is Hyperinflation On The Horizon?
« Reply #794 on: January 29, 2022, 07:50:06 PM »
Interesting thought I had over shabbos: buying products using Buy Now, Pay Later services (Affirm etc) may make a lot of sense now, if you expect inflation to keep rising at this rate.

Offline yesitsme

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Re: Is Hyperinflation On The Horizon?
« Reply #795 on: January 29, 2022, 08:12:43 PM »
Coca-cola also went up in price

how much is a bottle of Fresca?
pre covid Bingo/NPGS 1.59
now 1.79
Seasons 2.29
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Offline AsherO

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Re: Is Hyperinflation On The Horizon?
« Reply #796 on: January 29, 2022, 08:42:30 PM »
Interesting thought I had over shabbos: buying products using Buy Now, Pay Later services (Affirm etc) may make a lot of sense now, if you expect inflation to keep rising at this rate.

Many of them FWIU are short term, like 4 payments every two weeks. A total gimmick, designed to exploit poor people who can’t afford to buy things upfront.
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Offline Euclid

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Re: Is Hyperinflation On The Horizon?
« Reply #797 on: January 29, 2022, 08:48:26 PM »
Many of them FWIU are short term, like 4 payments every two weeks. A total gimmick, designed to exploit poor people who can’t afford to buy things upfront.
Ah - or even zero percent APR (first year) cards...

Offline AsherO

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Re: Is Hyperinflation On The Horizon?
« Reply #798 on: January 29, 2022, 09:04:29 PM »
Ah - or even zero percent APR (first year) cards...

Somehow I find the four-payment Affirm-type model more exploitative. But you’re right, the CC industry is no different.
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Offline Euclid

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Re: Is Hyperinflation On The Horizon?
« Reply #799 on: January 29, 2022, 11:45:22 PM »
Somehow I find the four-payment Affirm-type model more exploitative. But you’re right, the CC industry is no different.
Lol yeah. But I meant about hedging against inflation. Borrow now on a zero APR card.