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U.S. annual inflation rate drops to 8.5%

bls.gov

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Re: U.S. annual inflation rate drops to 8.5%

#331

Post by propogandist »

manimino wrote: post #244
propogandist wrote: post #233

Earlier quoted context omitted.

They’re pushing all kind of narratives to make cattle seem like they’re terrible for the world, and linking everything to climate change. No one wants to accept the push to start eating bugs. Don’t give into the WEF propaganda https://www.theguardian.com/environment/2021/mar/18/cows-sea...

Who exactly is "they"? The... Big Bug industry?

Insects are being promoted as a way to hit UN’s sustainable development goals [1]

There’s also an industry emerging, with big pushes from organizations like WEF, to normalize eating bugs [2]. Investors are getting in on this trend too [3]

1. https://www.mdpi.com/2075-4450/12/6/557

2. https://www.weforum.org/agenda/2021/07/why-we-need-to-give-i...

3. https://fortune.com/2022/05/24/war-ukraine-big-ag-insect-fee...

Re: U.S. annual inflation rate drops to 8.5%

#333

Post by Workaccount2 »

kranke155 wrote: post #309
xedrac wrote: post #212

Earlier quoted context omitted.

> if Ukraine doesn’t surrender I think you mean if Russia doesn't surrender. If Ukraine was to surrender, we'd have bigger problems than an increase in beef costs. I don't see any universe where Russia wins this war.

You should read reports by actual experts instead of media. The RUSI - Royal United Services Institute - is a leading UK military institute that had boots on the ground assessing the situation. Here is their assessment. https://rusi.org/explore-our-research/publications/special-r... "At present, however, several Russian advantages and Ukrainian weaknesses are leading to an attritional conflict that risks a protracted…

I remember day 1 of the war when 4-star generals where on TV saying Ukraine was going to get rolled.

Re: U.S. annual inflation rate drops to 8.5%

#334

Post by honkycat »

propogandist wrote: post #233
HelloMcFly wrote: post #192

Earlier quoted context omitted.

I'm not trying to be glib or intentionally controversial, but: is this a "market correction" for beef not really being as sustainable at recent consumption levels? Is it a bad thing if beef becomes significantly more expensive?

They’re pushing all kind of narratives to make cattle seem like they’re terrible for the world, and linking everything to climate change. No one wants to accept the push to start eating bugs. Don’t give into the WEF propaganda https://www.theguardian.com/environment/2021/mar/18/cows-sea...

India has had many many vegetarians for a long long time.

We don't need to eat bugs. We can just eat less meat, like our ancestors did.

Re: U.S. annual inflation rate drops to 8.5%

#335

Post by weberer »

scottLobster wrote: post #266

Great. All I know is I'm trading a lot more time for money this year. Way less takeout, avoiding toll roads unless it saves at least 30 minutes, fewer streaming services (will renew on a show-by-show basis), and food is getting so crazy I might start going to multiple stores to try and save money instead of my one consolidated trip to Wegmans. I'm also stuffing my freezer with meat and have a year's supply of non-per…

If you live in the USA, a Costco membership is very worth it.

Re: U.S. annual inflation rate drops to 8.5%

#336

Post by silent_cal »

Kye wrote: post #313
silent_cal wrote: post #296

Earlier quoted context omitted.

Except that they are constantly changing the basket to be a basket of cheaper goods. It's pretty bold to be so open about it, but that's what they do - it's manipulated.

Your "except" creates anticipation for disagreement, but you seem to be agreeing with me aside from the claim about manipulation. I didn't say it was accurate.

Good point - I guess 80% agreement is good enough for the internet.

Re: U.S. annual inflation rate drops to 8.5%

#337

Post by cudgy »

bluedino wrote: post #182
bombcar wrote: post #147

Earlier quoted context omitted.

The weirdest thing I've discovered is that the app doesn't show you certain discounts (but you still get them) - there's often a BOGO discount on the sausage McMuffin (the only true McMuffin, all you egg McMuffin eaters can gtfo) where the second is a dollar (or sometimes even free!) but nothing tells you this until you add a second one to the order. The McDonalds app is the weirdest mish-mash of modern app design wi…

They just brought the 2 for $5 breakfast sandwich deal back. They've had the "buy one sausage muffin/biscuit or hashbrown and get another for a dollar", though.

The BOGO Big Mac deal is what always pulls me in.

Re: U.S. annual inflation rate drops to 8.5%

#338

Post by sangnoir »

jupp0r wrote: post #315
pojzon wrote: post #269

Earlier quoted context omitted.

Please talk to any energy technician working on national grid. We have troubles generating enough power to not force blackouts in EU and we talk about introducing hundreds of millions of EVs / to every household. Currently it all works only because they are a novelity.

Build wind, solar and grid batteries, then. Nothing magically hard about it. The grid itself will need updates too.

> EVs are excellent grid batteries, with the incentives.

Re: U.S. annual inflation rate drops to 8.5%

#339

Post by mamonster »

xedrac wrote: post #212
lettergram wrote: post #131

Earlier quoted context omitted.

The inflation on food due to high fuel and fertilizer prices won’t really kick in until October -> February during harvest. Next year food will be far higher, largely due to - people skipping fertilizer a second year in a row - the feed price increases from year prior will impact next years meat - much of the cow herds have been reduced due to hay prices skyrocketing (but beef rates staying far lower, due to sell off…

> if Ukraine doesn’t surrender I think you mean if Russia doesn't surrender. If Ukraine was to surrender, we'd have bigger problems than an increase in beef costs. I don't see any universe where Russia wins this war.

Problem is that in the current situation Russia surrendering would imply a regime change or at the very least very heavy turmoil within Russia. Since this isn't a regime that will let itself get toppled without trying almost everything, there will likely be an escalation before Russian surrender is actually something that is visible on the horizon, which does not bode well for anyone. Sucks for it to be this way, but having an autocratic regime with imperial ambitions sit on a huge proportion of the world's commodities means you really pay for not appeasing them.

Re: U.S. annual inflation rate drops to 8.5%

#340

Post by brianmcc »

ryanSrich wrote: post #38
brianmcc wrote: post #13

Good. Now we can look forward to interest rate cuts to deal with the recession...

The opposite needs to happen actually. Prices for housing, used cars, and groceries are still out of control, and need to be reduced by 20-50%. Only way that happens is with higher rates (for houses and cars), and punishing suppliers for using the “supply chain issues” as an excuse to extort money from buyers (for goods and groceries).

There's a good argument to the contrary. People are struggling to fund essentials, 100% yes and need help. But higher interest rates won't help them and here's some thinking as to why:

https://www.prospectmagazine.co.uk/economics-and-finance/the...

This is UK focused but makes a pretty universal case.

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