Earlier quoted context omitted.
Quoted post unavailable.
> a grifter's imaginary numbers Can you address the argument without negatively framing the source of it?
No post body was provided.
US annual inflation declines to 7.7% in October vs. 7.9% expected
321–330 of 566 posts
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#322Earlier quoted context omitted.
It may be - but to the above poster's point - if gas went up 20% in Jan of this year and then stays flat... is it helpful to think of prices as "going up" ? It seems misleading.
If the last time you looked was last year, then yeah. They went up this year. What’s misleading about reporting yearly percentage increases in prices? I’m baffled.
You appear to be saying: factually reported data cannot be misleading.
This is wrong, but so obviously so that you must be making another point?
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#323Earlier quoted context omitted.
> If milk is $4/gallon today and still $4/gallon 12 mos. from now, that's 0% YoY inflation. Conversely, if there was a one-time jump in a particular item, it will take a year before it gets 'removed' from the inflation numbers. Extremely contrived example: if gas/petrol was $1/L in December 2021 (and generally in all of 2021), but $1.20/L in January 2022, then there will be a 20% YoY jump in inflation for the January…
Which is partly what we’re seeing. CPI rose 0.4% MoM in October, or 4.8% seasonally adjusted. That’s above target, but better than YoY.
Really wish we reported the 4.8% number. Seems more reasonable for a monthly report to focus on the changes of the month.
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#324Earlier quoted context omitted.
And I find it hysterical that the 10 year Bond dropped 4% because of this. They think this is the peak, as in the Fed will stop raising interest rates and inflation will only get lower from here. A good time to but the 10 year Bond IMHO.
Why would you suggest buying a bond on the exact day that yields just plummeted.
It is funny to me that this does not make sense to you.
Do you think I should have bought it when the price peaked?
What I am saying is that the "market", which is now controlled by AI reading newsprint, is wrong and that 10 Year Bonds will increases again.
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#325Earlier quoted context omitted.
I'm pretty low income ATM and I simply don't buy Coke zero or anything like that much anymore. I drink water, or tea. Loose tea is still pretty economical, even considering water and heating costs.
Yeah, coke can get expensive. I recommend you try cold brew tea, it's almost as refreshing as soda in hot days. You only leave water with tea in the refrigerator at night and enjoy it the next day.
Or make Sun Tea: https://www.simplyrecipes.com/recipes/sun_tea/
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#326Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#327Earlier quoted context omitted.
I guess I must be wrong, but I'll never understand why Coke needs that much advertising. Or anything "that well known". The argument is maybe they are that well known because of advertising, but I just don't think that's the case. Maybe for a crappy product, but not a good product. With Coke it's the quality (and consistency) of the product. I've never tasted anything "as good" as Coke. A new fresh cold can has a bit…
In blind taste tests, Coke performs about as well as Pepsi. However, people still overwhelmingly seem to like Coke, so it's really because they like the brand. If they reduced advertising, their brand will slowly be eroded.
I interviewed a guy who worked at Pepsi. He said their own tests actually showed that people enjoyed Pepsi for the first sip but then preferred coke when drinking more.
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#328Earlier quoted context omitted.
Why would you suggest buying a bond on the exact day that yields just plummeted.
It is funny to me that this does not make sense to you. Do you think I should have bought it when the price peaked? What I am saying is that the "market", which is now controlled by AI reading newsprint, is wrong and that 10 Year Bonds will increases again.
I don’t think you understand how bonds work. However I do agree that yields will increase and this is temporary.
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#329Earlier quoted context omitted.
If you check Coke's financial statements, you'll see that although revenue has risen quickly, cost of revenue has risen about as fast, leading to relatively unchanged gross profit margins (36% so far in 2022, compared with 40%+ in every year from 1985-2014 and between 33%-39% from 2015 to 2021). Word from industry press is that the rising price of aluminum has been a major driver of the increased costs. I don't know…
Generic brands often don't come in aluminum cans, assuming the industry rumours are true.
Care to elaborate?
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#330In many European countries inflation is at 15% If it reaches 20% that means every 3.5 years your cash reserve loses half its value Mean someone correct me if I’m wrong I think that is astounding
assuming that the inflation rate remains the same for the next 3.5 years. Which seems unlikely
It appears to be more like tectonic plates shifting. Sometimes they shift a bit, a few aftershocks and pretty much back to normal order. But sometimes it kills a few hundred thousand, changes the landscape that even after the aftershocks subside, it leaves behind quite a different world. 20% loss against dollar for 2 years without reversion will end up creating quite a different world.