Author Topic: Is Hyperinflation On The Horizon?  (Read 159502 times)

Offline Ver hut gazugt

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Re: Is Hyperinflation On The Horizon?
« Reply #1460 on: September 21, 2022, 07:57:57 PM »
What was it pre covid?
1600-5000 depends on the season. This time of year closer to 3-4k
« Last Edit: September 21, 2022, 08:03:19 PM by Ver hut gazugt »

Offline yuneeq

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Re: Is Hyperinflation On The Horizon?
« Reply #1461 on: September 21, 2022, 11:03:05 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.
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Offline Lurker

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Re: Is Hyperinflation On The Horizon?
« Reply #1462 on: September 22, 2022, 02:07:26 AM »
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?
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Offline aygart

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Re: Is Hyperinflation On The Horizon?
« 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
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Offline WayBackMachine

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Offline Lurker

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Re: Is Hyperinflation On The Horizon?
« Reply #1466 on: October 02, 2022, 12:29:13 PM »
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.
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Re: Is Hyperinflation On The Horizon?
« Reply #1467 on: October 02, 2022, 12:43:08 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?
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Offline Lurker

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Re: Is Hyperinflation On The Horizon?
« Reply #1468 on: October 02, 2022, 12:58:24 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...
« Last Edit: October 02, 2022, 01:20:05 PM by Lurker »
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Offline incendia

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Re: Is Hyperinflation On The Horizon?
« Reply #1469 on: October 02, 2022, 05:55:03 PM »
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. 

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.
« Last Edit: October 02, 2022, 06:09:37 PM by incendia »

Offline WayBackMachine

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Re: Is Hyperinflation On The Horizon?
« Reply #1470 on: October 02, 2022, 09:58:35 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

Offline WayBackMachine

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Re: Is Hyperinflation On The Horizon?
« 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

Offline ExGingi

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Re: Is Hyperinflation On The Horizon?
« 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
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Offline incendia

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Re: Is Hyperinflation On The Horizon?
« Reply #1473 on: October 03, 2022, 05:32:18 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


Offline Joe4007

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Offline Joe4007

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Re: Is Hyperinflation On The Horizon?
« Reply #1475 on: October 13, 2022, 10:47:03 AM »

Offline yesitsme

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Re: Is Hyperinflation On The Horizon?
« Reply #1476 on: October 13, 2022, 01:10:25 PM »
https://twitter.com/KolHaolam/status/1580599463000670209

@ExGingi can we have your current opinion in the wiki and keep it up to date thanks
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Re: Is Hyperinflation On The Horizon?
« Reply #1477 on: October 13, 2022, 02:28:33 PM »
I guess no one got the memo that inflation is under control and then need to ease?  :)
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Offline S209

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Re: Is Hyperinflation On The Horizon?
« Reply #1478 on: October 14, 2022, 08:47:00 AM »
Quote from: YitzyS
Quotes in a signature is annoying, as it comes across as an independent post.

Offline aygart

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Re: Is Hyperinflation On The Horizon?
« Reply #1479 on: October 15, 2022, 11:49:05 PM »
msnNOW: Wharton professor Jeremy Siegel says the housing market is distorting high inflation readings, and expects home prices to fall up to 15%.
https://www.msn.com/en-us/money/realestate/wharton-professor-jeremy-siegel-says-the-housing-market-is-distorting-high-inflation-readings-and-expects-home-prices-to-fall-up-to-15/ar-AA12Zxzx
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