So much for inflation being "transitory"

[The Hippie Satan of Hyperbole]

  sounds kinda political to me, ey rock?  and racist-classic.  so imbecilic to bring either of these into conversation, but you got your peeps all mindlessly nodding in agreement-good job.  turn this around and you guys would be bleeding thru your eye balls.  the "q" thing is cute too and political

  people have lost over $4k over the last 22 mos. year over year.  their hourly wages/salaries are not keeping up with inflation.  for those of you in rio linda, that means losing money.  forces them to put things back on credit cards at interest rates out of this world. 

if you believe the 10 million jobs thingy, go do a real check.  even the fact checkers which lean heavily toward your team have trouble clarifying that whopper, but fox news is the real propagandist?  you are sadly mistaken.

btw, that silly laptop has/had serious national security implications not to mention some big time honesty implications from the "big guy", some really bad porn and how(NOT TO) wean oneself off drugs...but thank you for asking
   

BLS says you’re wrong about jobs. 

https://www.bls.gov/news.release/pdf/empsit.pdf

Pretty sure you don’t care much about national security.

[TSmith34, Inc.]

  sounds kinda political to me, ey rock?  and racist-classic.  so imbecilic to bring either of these into conversation, but you got your peeps all mindlessly nodding in agreement-good job.  turn this around and you guys would be bleeding thru your eye balls.  the "q" thing is cute too and political

  people have lost over $4k over the last 22 mos. year over year.  their hourly wages/salaries are not keeping up with inflation.  for those of you in rio linda, that means losing money.  forces them to put things back on credit cards at interest rates out of this world. 

if you believe the 10 million jobs thingy, go do a real check.  even the fact checkers which lean heavily toward your team have trouble clarifying that whopper, but fox news is the real propagandist?  you are sadly mistaken.

btw, that silly laptop has/had serious national security implications not to mention some big time honesty implications from the "big guy", some really bad porn and how(NOT TO) wean oneself off drugs...but thank you for asking
 

So, regurgitating a Rush Limbaugh phrase, denying basic reality, ignoring all new legislation, and...Hunter Biden's laptop.

[Uncle Rico]

  sounds kinda political to me, ey rock?  and racist-classic.  so imbecilic to bring either of these into conversation, but you got your peeps all mindlessly nodding in agreement-good job.  turn this around and you guys would be bleeding thru your eye balls.  the "q" thing is cute too and political

  people have lost over $4k over the last 22 mos. year over year.  their hourly wages/salaries are not keeping up with inflation.  for those of you in rio linda, that means losing money.  forces them to put things back on credit cards at interest rates out of this world. 

if you believe the 10 million jobs thingy, go do a real check.  even the fact checkers which lean heavily toward your team have trouble clarifying that whopper, but fox news is the real propagandist?  you are sadly mistaken.

btw, that silly laptop has/had serious national security implications not to mention some big time honesty implications from the "big guy", some really bad porn and how(NOT TO) wean oneself off drugs...but thank you for asking
 

Great work.  10 out of 10.  You played the victim brilliantly and hit all the talking points.  A Classic post for the dental school!

[Reincarnated]

  sounds kinda political to me, ey rock?  and racist-classic.  so imbecilic to bring either of these into conversation, but you got your peeps all mindlessly nodding in agreement-good job.  turn this around and you guys would be bleeding thru your eye balls.  the "q" thing is cute too and political

  people have lost over $4k over the last 22 mos. year over year.  their hourly wages/salaries are not keeping up with inflation.  for those of you in rio linda, that means losing money.  forces them to put things back on credit cards at interest rates out of this world. 

if you believe the 10 million jobs thingy, go do a real check.  even the fact checkers which lean heavily toward your team have trouble clarifying that whopper, but fox news is the real propagandist?  you are sadly mistaken.

btw, that silly laptop has/had serious national security implications not to mention some big time honesty implications from the "big guy", some really bad porn and how(NOT TO) wean oneself off drugs...but thank you for asking
 

No point in arguing Rocket. Rocky will just ban you soon. The mods are the kind of people that ban things they disagree with but allow Rico to openly and verbatim call for the assassination of a U.S. President and members of the Supreme Court of the United States without any consequence. He did it on this board. You know it and so does he. Honestly, he’s probably one of the mods’ burner accounts. Good luck.

[Frenns Liquor Depot]

[TSmith34, Inc.]

No point in arguing Rocket. Rocky will just ban you soon. The mods are the kind of people that ban things they disagree with but allow Rico to openly and verbatim call for the assassination of a U.S. President and members of the Supreme Court of the United States without any consequence. He did it on this board. You know it and so does he. Honestly, he’s probably one of the mods’ burner accounts. Good luck.

Heya Merit

[JWags85]

No point in arguing Rocket. Rocky will just ban you soon. The mods are the kind of people that ban things they disagree with but allow Rico to openly and verbatim call for the assassination of a U.S. President and members of the Supreme Court of the United States without any consequence. He did it on this board. You know it and so does he. Honestly, he’s probably one of the mods’ burner accounts. Good luck.

The irony of a burner calling out another burner is (chefs kiss)

[ZiggysFryBoy]

No point in arguing Rocket. Rocky will just ban you soon. The mods are the kind of people that ban things they disagree with but allow Rico to openly and verbatim call for the assassination of a U.S. President and members of the Supreme Court of the United States without any consequence. He did it on this board. You know it and so does he. Honestly, he’s probably one of the mods’ burner accounts. Good luck.

It's Rico's "shtick", so it's fine.

[Pakuni]

How's that new board coming along?

[Uncle Rico]

How's that new board coming along?

I can’t wait any longer for it.  Maybe I’ll write a letter to get things going

[Dr. Blackheart]

National Activity Index was neutral, still not in recession. Production slips negative.

https://www.reuters.com/markets/us/chicago-fed-national-activity-index-unchanged-august-2022-09-26/

[MuggsyB]

I'm no expert but I'm wondering how mortgage rates will impact the economy moving forward?  I know I'm not moving anytime soon with my current rate and I would imagine a lot of people feel the same way.   What do the Scoop experts think about the housing market issues?

[tower912]

Discussed in another thread.   

[JWags85]

Anyone hearing first hand accounts about crazy power/heating costs in Europe?  I got off a call with a colleague in Belgium who is literally moving to Dubai before the end of the year because cost spikes are untenable.

His cousin owns a bakery outside of Antwerp.  Monthly costs to run their ovens ran around 1200 Euros.  That jumped to 1800 and then 2500 this year.  They've been notified the locked in costs for 2023 will be around 27000 Euros...monthly.  They're likely going to close.

His family's jewelry shop/his office is in a small market style shopping centre.  Monthly costs to heat the centre, split among tenants, was around 1800 Euros.  That leapt to 15000 euros the back half of 2022 and the quoted rate for 2023 is NINETY THOUSAND EUROS.  90,000.

His nextdoor flat mate's mother is a retired pensioner.  Her monthly electric/gas combined is 70 Euros a month.  She was quoted as 900 Euros a month for 2023.  The government will subsidize anything over that, but not below 900.

He's flying to Dubai next month to do due diligence for business space and then a few weeks later to find a house/apartment for the family.  Its obviously been brewing for a few months, but crazy that they survived COVID only for this to happy.

[panda]

Anyone hearing first hand accounts about crazy power/heating costs in Europe?  I got off a call with a colleague in Belgium who is literally moving to Dubai before the end of the year because cost spikes are untenable.

His cousin owns a bakery outside of Antwerp.  Monthly costs to run their ovens ran around 1200 Euros.  That jumped to 1800 and then 2500 this year.  They've been notified the locked in costs for 2023 will be around 27000 Euros...monthly.  They're likely going to close.

His family's jewelry shop/his office is in a small market style shopping centre.  Monthly costs to heat the centre, split among tenants, was around 1800 Euros.  That leapt to 15000 euros the back half of 2022 and the quoted rate for 2023 is NINETY THOUSAND EUROS.  90,000.

His nextdoor flat mate's mother is a retired pensioner.  Her monthly electric/gas combined is 70 Euros a month.  She was quoted as 900 Euros a month for 2023.  The government will subsidize anything over that, but not below 900.

He's flying to Dubai next month to do due diligence for business space and then a few weeks later to find a house/apartment for the family.  Its obviously been brewing for a few months, but crazy that they survived COVID only for this to happy.

Yes England is in horrible shape. Even worse after brexit making it more difficult to work with foreign sources.

[Billy Hoyle]

Anyone hearing first hand accounts about crazy power/heating costs in Europe?  I got off a call with a colleague in Belgium who is literally moving to Dubai before the end of the year because cost spikes are untenable.

His cousin owns a bakery outside of Antwerp.  Monthly costs to run their ovens ran around 1200 Euros.  That jumped to 1800 and then 2500 this year.  They've been notified the locked in costs for 2023 will be around 27000 Euros...monthly.  They're likely going to close.

His family's jewelry shop/his office is in a small market style shopping centre.  Monthly costs to heat the centre, split among tenants, was around 1800 Euros.  That leapt to 15000 euros the back half of 2022 and the quoted rate for 2023 is NINETY THOUSAND EUROS.  90,000.

His nextdoor flat mate's mother is a retired pensioner.  Her monthly electric/gas combined is 70 Euros a month.  She was quoted as 900 Euros a month for 2023.  The government will subsidize anything over that, but not below 900.

He's flying to Dubai next month to do due diligence for business space and then a few weeks later to find a house/apartment for the family.  Its obviously been brewing for a few months, but crazy that they survived COVID only for this to happy.

That was a major factor in the Italy elections. Electricity prices are fluctuating based upon time of day. Businesses are opening up at 4am to avoid the surge pricing in the afternoon. They've been as high as over 700 Euros per megawatt hour in Italy and it is likely only going to get worse. https://www.bbc.com/news/world-europe-62891018

I don't know about you all back in the Midwest, but we've seen a big jump in gas prices over the last two days. Regular at the Arco and Chevron stations I drive past on the way to the office are up 60 cents/gallon since last Thursday.

[forgetful]

I don't know about you all back in the Midwest, but we've seen a big jump in gas prices over the last two days. Regular at the Arco and Chevron stations I drive past on the way to the office are up 60 cents/gallon since last Thursday.

Not in the Midwest, but I actually noticed today that prices in my area dropped 30 cents/gallon since around the same time.

[Pakuni]

That was a major factor in the Italy elections. Electricity prices are fluctuating based upon time of day. Businesses are opening up at 4am to avoid the surge pricing in the afternoon. They've been as high as over 700 Euros per megawatt hour in Italy and it is likely only going to get worse. https://www.bbc.com/news/world-europe-62891018

I don't know about you all back in the Midwest, but we've seen a big jump in gas prices over the last two days. Regular at the Arco and Chevron stations I drive past on the way to the office are up 60 cents/gallon since last Thursday.

Gas in the Chicago area is up about 20 cents since last week, but down about 20 cents from last month.

[ZiggysFryBoy]

A refinery fire near Dayton has cause the prices in the midwest to increase.  F Dayton.

[Billy Hoyle]

Gas in the Chicago area is up about 20 cents since last week, but down about 20 cents from last month.

our state average is back above $5/gallon now.

up another 10 cents overnight. $5.19, and that's one of the cheaper stations in the area.

[MU Fan in Connecticut]

Not here in Connecticut.  Costco has the first prices under $3 for the first time in forever this week.

[MU82]

That was a major factor in the Italy elections. Electricity prices are fluctuating based upon time of day. Businesses are opening up at 4am to avoid the surge pricing in the afternoon. They've been as high as over 700 Euros per megawatt hour in Italy and it is likely only going to get worse. https://www.bbc.com/news/world-europe-62891018

I don't know about you all back in the Midwest, but we've seen a big jump in gas prices over the last two days. Regular at the Arco and Chevron stations I drive past on the way to the office are up 60 cents/gallon since last Thursday.

Gas is pretty cheap in the Carolinas.

But yeah, if you want the price of electricity to go down, elect a fascist! I mean, you’ve never heard of people in Hitler’s Germany or Mussolini’s Italy complaining about the price of electricity, have you?

[🏀]

A refinery fire near Dayton has cause the prices in the midwest to increase.  F Dayton.

ABD

[Pakuni]

Huh.

The CEO of Iron Mountain Inc. told Wall Street analysts at a September 20 investor event that the high levels of inflation of the past several years had helped the company increase its margins — and that for that reason he had long been “doing my inflation dance praying for inflation.”
The comment is an unusually candid admission of a dirty secret in the business world: corporations use inflation as a pretext to hike prices. “Corporations are using those increasing costs – of materials, components and labor – as excuses to increase their prices even higher, resulting in bigger profits,” Robert Reich, former Labor Secretary under Clinton, recently argued. Corporate profits are now at their highest level since 1950.

https://theintercept.com/2022/09/28/inflation-prices-investors-iron-mountain/?utm_medium=social&utm_campaign=theintercept&utm_source=twitter

[🏀]

Huh.

The CEO of Iron Mountain Inc. told Wall Street analysts at a September 20 investor event that the high levels of inflation of the past several years had helped the company increase its margins — and that for that reason he had long been “doing my inflation dance praying for inflation.”
The comment is an unusually candid admission of a dirty secret in the business world: corporations use inflation as a pretext to hike prices. “Corporations are using those increasing costs – of materials, components and labor – as excuses to increase their prices even higher, resulting in bigger profits,” Robert Reich, former Labor Secretary under Clinton, recently argued. Corporate profits are now at their highest level since 1950.

https://theintercept.com/2022/09/28/inflation-prices-investors-iron-mountain/?utm_medium=social&utm_campaign=theintercept&utm_source=twitter

Ha, my monthly shredding pick-up went up $18.XX 7-8 months ago, thanks Iron Mountain.