I ordered blades for 2 vehicles and they showed up yesterday from USPS. 4 Anco blades and shipping was about$20. Much more easy on the old wallet. Thanks to RA.
Seems to me like the markets are just in full gouging mode because the buzz word among the masses is "shortages", I believe that many if not most of these so called shortages are faked so these companies can rake in big profits for the short haul. I even question the computer chip shortage.And there aint no reason for that, either. We got more NG than one can shake a stick at. And one missing pipeline is not gonna make that much of a price difference.
1) First world problemGas is a lot more important than milk....
This is why they were bankrupt and after they were bankrupt the price shoot back up. For all the Karens out there, you do not deserve $1 a gallon milk as a human right because it cost more than $1 to produce a gallon for the farmers. You need to pay at least that plus the store and the processing to get that milk to your fridge, whatever that is in your location.How's a farmer going to stay in business selling milk for a buck a gallon?
All that extra cash is going to find its way to stocks and real estate sooner or later where it won't circulate. Normal consumer prices will be neither here nor there unless something changes to the dollar on the world stage.
Shortages are not being faked. Between global shipping backups, COVID disruptions to factories both here and abroad over the past year and a half, etc., there has been very real disruptions at a market level. Just several percent of reduction in availability of goods can have an oversized effect on prices, especially combined with an every groing number of dollars chasing those goods.Seems to me like the markets are just in full gouging mode because the buzz word among the masses is "shortages", I believe that many if not most of these so called shortages are faked so these companies can rake in big profits for the short haul. I even question the computer chip shortage.
I remember when you could get a Hershey bar for a nickel. A nickel!
That’s what I meant by “recent events”-not enough truck drivers, not enough supply, not even enough grocery store employees. All multiplied by cheap or free money buying everything in sight. House prices here are up a ridiculous ~30% year over year, amazingly the biggest jump in the US.Shortages are not being faked. Between global shipping backups, COVID disruptions to factories both here and abroad over the past year and a half, etc., there has been very real disruptions at a market level. Just several percent of reduction in availability of goods can have an oversized effect on prices, especially combined with an every groing number of dollars chasing those goods.
When I was a kid in 1970 I think the bars were generally 2 oz and were 7 cents. I know there is no tangible way to prove it but the chocolate seemed to be higher quality back then too. Today it seems to be waxy and lacking in cocoa taste. Hershey Bars that is.And they were bigger too.
It all depends what state you were in. In 1985, Federal minimum wage was $3.35. Texas just goes by the Federal minimum wage which is $7.25 now, lasted raised in 2009.I remember in the mid 90s, a quart of M1 was about $4.99. It's pretty much the same now. Dino oil was about $.99 a quart. Synthetic has stayed about the same but dino has quadrupled.
When I was 16 (1985) minimum wage was $4.50 an hr. What is it now, $7.25?
I remember in the mid 90s, a quart of M1 was about $4.99. It's pretty much the same now. Dino oil was about $.99 a quart. Synthetic has stayed about the same but dino has quadrupled.
When I was 16 (1985) minimum wage was $4.50 an hr. What is it now, $7.25?
It all depends what state you were in. In 1985, Federal minimum wage was $3.35. Texas just goes by the Federal minimum wage which is $7.25 now, lasted raised in 2009.
Massachusetts has one of the highest minimum wage in the nation, right now about $13.50. Going to $15 in a couple years as it goes up another 75 cents in January and the year after will go to $15. Only Washington, at $13.69, California at $14 and Washington DC are higher at $15.
Inflation hasn't been worse because some things have come down in price. I remember paying a few hundred dollars for a CV joint back in the 90s. Of course the cheap aftermarket ones are junk these days but you can get them sometimes for under $100. Same with alternators, rebuilt ones are in the $100-$200 range, same risk of getting junk but also in that same range for decades. Costco has been able to maintain their $1.50 hot dog and $5 rotisserie chicken for decades.
Technically no example would be great because the government uses about 80k items to track inflation so unless we comment on all 80k items, you're not going to get a great post.These are all relatively poor metrics to gauge upon. Synthetic oils are the product of technology advancements and efficiencies and beneficial pricing due to larger economies of scale, and dino oils the victim of lower demand causing higher pricing due to lessening economies of scale. That "new" technology (synthetics) is no longer novel, but almost universal now. As with all technology, prices fall and economies of scale get bigger further reducing pricing. The converse is true with dino oils.
These examples are also not great. Lower quality and imported junk from nations that don't compete fairly vs. American made goods. It is true, many "goods" have remained similar pricing from a decade ago. It's mainly because 3rd world workers are suffering lower near slave-labor wages to satisfy our insatiable need for junk. As for hot dogs, I suspect some goods, like a Costco hotdog, are quite likely "loss leaders" to bring folks into the store. People are not stocking up on hot dogs so Costco can afford to lose 50 cents on a dog. They'll more than make it up on the margins on the $1000 worth of stuff the customer leaves with.
But if you are referring to the Keystone XL pipeline, it’s an oil pipeline and not a natural gas line. Low natural gas prices require drilling and frack’ing. The USA needs to start up another 100 drilling rigs drilling for natural gas, otherwise production will go into decline and prices will climb.And there aint no reason for that, either. We got more NG than one can shake a stick at. And one missing pipeline is not gonna make that much of a price difference.