171–180 of 918 posts
Good news I guess. But my electricity price literally doubled. My house insurance is up 30%. My gas bill is up by a lot. Have you seen the price of oreos? The $5 box at Taco Bell is my splurge and I'm trying to cut back on everything I can.
Even with the effect of high base, I am getting increasingly suspicious of official numbers (same with the unemployment statistics). Energy costs have skyrocketed and they get into almost everything an economy produces. I guess, we could get a bit clearer picture after the incoming midterms.
Earlier quoted context omitted.
Could also be demand destruction starting to slow the increases in prices.
Seems like EV uptake rate, while still just a fraction of total sales, is probably high enough to contribute to demand destruction. Gas prices have come down pretty fast. I wonder if EV adoption goes fast enough that we'll see a period of time when gas prices just crater for a while. A sweet spot of owning an ICE vehicle, but then gas stations will start to close up and ICEV owners could face the same problem EV owne…
Fuel prices along, while it came down a little, they are still way high.
So the year over year CPI increase each month this year (starting from January) was 7.5%, 7.9%, 8.5%, 8.3%, 8.6%, 9.1%, 8.5%. So this value has been jumping around a bit as it has been going up. This drop is being taken as good news -- but I worry whether this is really a meaningful drop or whether we are just over interpreting what could be a fundamentally noisy metric?
MoM is a cleaner way to look at things in volatile times like these.
Good news I guess. But my electricity price literally doubled. My house insurance is up 30%. My gas bill is up by a lot. Have you seen the price of oreos? The $5 box at Taco Bell is my splurge and I'm trying to cut back on everything I can.
Good news I guess. But my electricity price literally doubled. My house insurance is up 30%. My gas bill is up by a lot. Have you seen the price of oreos? The $5 box at Taco Bell is my splurge and I'm trying to cut back on everything I can.
Groceries are 40% more than they were.
Utility bill is up nearly 50%.
Clothes and shoes don't seem to be more expensive, they just don't seem to go on sale anymore.
Our neighbors had a new roof installed and spend almost double what we did 3 years ago, we have nearly the same house and the same contractor did it.
Fast food has gone way up, sit-down restaurants don't seem to have changed much.
Homes in the area have went up 100% in the last two years.
We won't even talk about gas.
Earlier quoted context omitted.
A Sausage McMuffin and a coke used to cost $2.12 at most locations near me two years ago. Today it varies from $2.95 up to $3.85 (strangely this high value is in Detroit proper where income is lowest vs the burbs). I notice this price varies even at the same locations sometimes, but it's WAY up in general by a solid 50 percent in 2 years.
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2) If prices go up by 50% without an increase in costs, profit should go up by much more than 50% and share prices should be doubling, tripling, etc. If their stock is up a lesser percent than the price of their goods, that suggests they are being squeezed. The share price going up is effectively just another effect of inflation.
Earlier quoted context omitted.
Could also be demand destruction starting to slow the increases in prices.
Seems like EV uptake rate, while still just a fraction of total sales, is probably high enough to contribute to demand destruction. Gas prices have come down pretty fast. I wonder if EV adoption goes fast enough that we'll see a period of time when gas prices just crater for a while. A sweet spot of owning an ICE vehicle, but then gas stations will start to close up and ICEV owners could face the same problem EV owne…
Earlier quoted context omitted.
Could also be demand destruction starting to slow the increases in prices.
Seems like EV uptake rate, while still just a fraction of total sales, is probably high enough to contribute to demand destruction. Gas prices have come down pretty fast. I wonder if EV adoption goes fast enough that we'll see a period of time when gas prices just crater for a while. A sweet spot of owning an ICE vehicle, but then gas stations will start to close up and ICEV owners could face the same problem EV owne…
Infrastructure is not there and is not going to be there for EVs for a long time.
Its not only gas stations but also power plants, transit cables, personel, supply chains, technology, laws and other.
If we make good investments it will take around 50 years in some developed EU countries to reach appropriate infrastructure levels. In less developed countries probably 100+years.