Politics

[Ray B]

the problem with inflation this time is that it is a result of both Demand Pull (excess money supply) and Cost Push (increased production costs). the inflation rate could be reduced significantly if the administration would put the US back in the fossil fuel business. the dominoes would start to fall in reverse regarding cost and prices.

 

[sgt_zim]

The Fed is doing a masterful job of staying ahead of Venezuela.

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i think 7.5% is gross understatement considering how dishonestly they do the calculations. I wouldn't be surprised if it were twice that.

 

[Wheels]

 

[Wheels]

i think 7.5% is gross understatement considering how dishonestly they do the calculations. I wouldn't be surprised if it were twice that.

Agree. They are manipulating the CPI index.

Not sure where I read it, but if they were using the 1980 CPI then inflation would have been over 15% in the last quarter of 2021.

 

[Wheels]

 

[Wheels]

 

[cpr0312]

Then daily circus show lunacy of bidens America!

 

[Ray B]

Question for those in the sales business: Let's say that you sell products and you have a 20% mark-up. You buy an item from suppliers for $8 and sell them for $9.60 You have 10 such items in stock. then you get a price increase notice from the supplier. due to increased fuel/delivery/production costs the wholesale price is increased from $8 to $10. This means that if you sell your existing stock at a 20% mark-up you'll be spending $4 more for the new supply than you received for selling the old. If you base the sale price of the instock items on the replacement cost ($10x1.2%= $12) you would have sufficient funds to restock and stay in business. But someone (govt) would look at your books and say you bought the items for $8 and selling them for $12. that means you are getting a profit of 50% ($8x1.5= $12) and accuses you of taking advantage of the situation and overcharging the poor consumer- The govt responds by levying a "windfall profits tax" saying you were only entitled to 20% profit - $9.60 not the sale price of $12. So the govt is taxing the excess profit so you pay $2.40 to the govt. But then you only have $9.60 to try and buy the new items which are $10- so you are no longer able to remain in business.

does this sound familiar?

 

[lwaters]

When I was growing up I was very happy to get a house loan under 10%. As far as I'm concerned interest rates have been to low to long. They been using cheap money to avoid recession and the longer they put off the recession the deeper it will be. If there is military action in Europe oil will go through the roof and interest will go up. Maybe some 70 style stagflation. I told my wife whoever gets elected president will be one of the most hated. Don't think they will be able to keep the bull market going.

 

[Big5]

 

[Randy F]

 

[tarbe]

Question for those in the sales business: Let's say that you sell products and you have a 20% mark-up. You buy an item from suppliers for $8 and sell them for $9.60 You have 10 such items in stock. then you get a price increase notice from the supplier. due to increased fuel/delivery/production costs the wholesale price is increased from $8 to $10. This means that if you sell your existing stock at a 20% mark-up you'll be spending $4 more for the new supply than you received for selling the old. If you base the sale price of the instock items on the replacement cost ($10x1.2%= $12) you would have sufficient funds to restock and stay in business. But someone (govt) would look at your books and say you bought the items for $8 and selling them for $12. that means you are getting a profit of 50% ($8x1.5= $12) and accuses you of taking advantage of the situation and overcharging the poor consumer- The govt responds by levying a "windfall profits tax" saying you were only entitled to 20% profit - $9.60 not the sale price of $12. So the govt is taxing the excess profit so you pay $2.40 to the govt. But then you only have $9.60 to try and buy the new items which are $10- so you are no longer able to remain in business.

does this sound familiar?

This is why when our cost basis changes, we re-value our inventory.

 

[Ray B]

So Juliette Kayyem is advocating causing trouble for the Freedom Convoy including slashing the truck tires, draining the fuel, arresting the drivers and towing the trucks. I guess she figures the food, clothing and other things she wants to buy will be supplied by camel caravan.

 

[Randy F]

So Juliette Kayyem is advocating causing trouble for the Freedom Convoy including slashing the truck tires, draining the fuel, arresting the drivers and towing the trucks. I guess she figures the food, clothing and other things she wants to buy will be supplied by camel caravan.

They possibly have enough horse power for the job.

 

[Ray B]

They possibly have enough horse power for the job.
View attachment 452131

Reminds me of the old Death Valley Days television show- brought to us by 20 Mule Team Borax. How many horses would it take to pull one of the big Petes or KWs to the impound station?

 

[Boyd Brooks]

 

[Wheels]

 

[Ray B]

How GoFundMe could get away with diverting/stealing is beyond me but should be the end of it as a workable business.

 

[Wheels]

The Fed has absolutely no clue what they are doing.

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[WAB]

The Fed has absolutely no clue what they are doing.

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View attachment 452163

Isn’t it about time for the grown ups to take charge again?