Inflation here? gas/grocery prices just continue to climb (5 Viewers)

[SaintInBucLand]

A nation wide average of $5 per gallon is most likely going to be here this week and that is a very real psychological level.

 

[efil4stnias]

A nation wide average of $5 per gallon is most likely going to be here this week and that is a very real psychological level.

its certainly shaping up that way.

We have a FL trip planned for this weekend thru Thur- planned on taking 2 autos as i have to return Tues to work and im grappling with the cost of gas for 2 autos vs just taking wed and thur off as well.

 

[SaintInBucLand]

its certainly shaping up that way.

We have a FL trip planned for this weekend thru Thur- planned on taking 2 autos as i have to return Tues to work and im grappling with the cost of gas for 2 autos vs just taking wed and thur off as well.

I took my daughter to the dentist this morning and spoke with a father in the waiting room who is a sub-distributor for fresh fruits and vegetables. He told me his fuel costs are on the verge of putting him out of business.

 

[efil4stnias]

I took my daughter to the dentist this morning and spoke with a father in the waiting room who is a sub-distributor for fresh fruits and vegetables. He told me his fuel costs are on the verge of putting him out of business.

And THAT will be the major shoe to drop. Fuel costs for logistics. Everything from raw material to produce to auto haulers.

I mentioned a few pages back about some of my "hotshot" clients and what they are dealing with.

You see a host of 26ft refer box trucks that deliver produce to restaurants/grocers and i know a big one is Capitol City Produce out of Baton Rouge. Just for one unit to make its rounds in New Orleans, has to cost around $100 in fuel to make its rounds and back to Baton Rouge.

Per day.

He isnt absorbing that cost. The grocer or restaurant isnt absorbing that cost. The consumer will.

 

[DaveXA]

And THAT will be the major shoe to drop. Fuel costs for logistics. Everything from raw material to produce to auto haulers.

I mentioned a few pages back about some of my "hotshot" clients and what they are dealing with.

You see a host of 26ft refer box trucks that deliver produce to restaurants/grocers and i know a big one is Capitol City Produce out of Baton Rouge. Just for one unit to make its rounds in New Orleans, has to cost around $100 in fuel to make its rounds and back to Baton Rouge.

Per day.

He isnt absorbing that cost. The grocer or restaurant isnt absorbing that cost. The consumer will.

Eventually consumers are simply going to buy less than they would have or stop buying entirely in some situations.

 

[saintmdterps]

Probably just best in a stew - they’re meat is stringy with too many chemicals

I think they’re actually kind of tender. They’ve never done anything to build muscle tone. Just hoarded their investments and paid attorneys to find all the tax loopholes for them.

 

[guidomerkinsrules]

I think they’re actually kind of tender. They’ve never done anything to build muscle tone. Just hoarded their investments and paid attorneys to find all the tax loopholes for them.

So you’re thinking they’re like foie gras?
I guess there’s one way to find out

 

[bonnjer]

Eventually consumers are simply going to buy less than they would have or stop buying entirely in some situations.

Yep. In most cases, you can't cut out gas because you need it to go to work to make money. You might be able to cut back a little on food or maybe buy the store brand rather than brand name item, but you still need food. It's going to be the extras - books, electronics, concerts, etc. that will be cut out first.

 

[guidomerkinsrules]

Yep. In most cases, you can't cut out gas because you need it to go to work to make money. You might be able to cut back a little on food or maybe buy the store brand rather than brand name item, but you still need food. It's going to be the extras - books, electronics, concerts, etc. that will be cut out first.

All part of the plan for Dollar General to buy out Whole Foods

 

[Dastheat_9]

The Feds are trying to get rid of fossil fuels. They want everyone to go electric. This affects commodities. Commodities are food, crude, and are mostly based upon futures. Well when the Feds are trying to get rid of Crude. The futures go down. Inflation goes up. They have been paying Farmers and Ranchers subsidies not to farm or raise animals. They stopped a pipeline running across tow Major North American Countries. While allowing Opec and Russia to run one in Siberia. Everyone will say "it did not affect the gas prices. It was not operational." Well it is a commodity. Commodities are based upon futures. it was just 2 years ago we had so much oil that Russia flooded the market, and for the first time in History a Barrel of oil was worthless. We were ahead of the game. That means in laments terms we were independent form the Global Market. Now Truckers are going out of business. We cannot get food delivered. Nobody can afford $70,000 vehicles. People cannot afford gas. They started adding more ethanol into engines. We wont even be able to mow our grass.

 

[Bill]

Yep. In most cases, you can't cut out gas because you need it to go to work to make money. You might be able to cut back a little on food or maybe buy the store brand rather than brand name item, but you still need food. It's going to be the extras - books, electronics, concerts, etc. that will be cut out first.

Eventually folks will have to evaluate their personal lists of ‘wants’ and ‘needs’. Before long the wants will need to be cut back or eliminated. That may not seem to critical unless you are a business that caters to the ‘wants’ in our society. Some of us are to the point of not doing anything for fun anymore. Seriously, nothing.

 

[Dastheat_9]

mong others file for bankruptcy and a likely run on banks at that time. The bailouts, while not without its critics, was essential to preventing the complete collapse of our financial institutions.

No doubt.

It also perpetuates and encourages extreme risk, leverage, excessive debt, corruption and more bubbles.

By never letting companies fail it keeps bad companies in competition against good companies hampering the ability for the better companies to consolidate, innovate and grow due to unnatural market competition. It also hampers innovation. The inflation we are seeing is the market's way of forcing the medicine down our throat that we have been needing since the dot com bust. In reality though, it's just returning serve and it's up to us to keep putting patches on the bubble until it bursts. Every detail in the American life is unsustainable and it's extremely obvious to anyone that sits back and looks at the bigger picture. Don't worry, the inflation will get fixed eventually but nobody is going to like the result or the process getting there.

The Government could have given that bailout money to the people. Not the Companies that did this to the people. The people could have bought land, Started businesses. Paid off Debt. Boosted an economy from the inside out.
I thought it was a joke GM using private planes to beg the Government to keep them in business. Huge banks that kept people in debt that profited off of them for years got saved. Ford never asked for a bailout. They did it right. They did not get anything. It is reminiscent of things right now. GM sucking up to this administration while Tesla, the man who was the cutting edge of this technology speaks out will not get recognized, and is mocked by this administration. It is terrible if this bubble was to pop. GM would get another bailout while tesla would get nothing. Elon Musk was trying to give People free internet.

 

[efil4stnias]

Eventually folks will have to evaluate their personal lists of ‘wants’ and ‘needs’. Before long the wants will need to be cut back or eliminated. That may not seem to critical unless you are a business that caters to the ‘wants’ in our society. Some of us are to the point of not doing anything for fun anymore. Seriously, nothing.

there will always be discretionary spending- just the prioritization of said spending will be adjusted.

Save for that trip vs tossing on credit card and thinking you will pay it later.

But yes, if you are a business that depends on "discretionary spending" , things are going to get real bad here

 

[DaveXA]

The Government could have given that bailout money to the people. Not the Companies that did this to the people. The people could have bought land, Started businesses. Paid off Debt. Boosted an economy from the inside out.
I thought it was a joke GM using private planes to beg the Government to keep them in business. Huge banks that kept people in debt that profited off of them for years got saved. Ford never asked for a bailout. They did it right. They did not get anything. It is reminiscent of things right now. GM sucking up to this administration while Tesla, the man who was the cutting edge of this technology speaks out will not get recognized, and is mocked by this administration. It is terrible if this bubble was to pop. GM would get another bailout while tesla would get nothing. Elon Musk was trying to give People free internet.

I was speaking more towards the financial institutions, not so much the auto industry. I was never a fan of bailing out GM/Chrysler.

 

[Bill]

there will always be discretionary spending- just the prioritization of said spending will be adjusted.

Save for that trip vs tossing on credit card and thinking you will pay it later.

But yes, if you are a business that depends on "discretionary spending" , things are going to get real bad here

Well, the local golf course no longer gets any of my money simply because I can no longer afford to play. The cost to keep workers also has caused the course to charge $8 more per round. I know several people who has had to stop playing golf or has limited their rounds drastically.

There’s no doubt that some businesses won’t survive the inflation. And it will be hardest on the ones who aren’t selling necessities.