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Dollar Tree says US$1.25 price point to become new standard

bnnbloomberg.ca

191–200 of 341 posts

Re: Dollar Tree says US$1.25 price point to become new standard

#191

Looking forward to the day where we start printing 1000$ bills again.

The folks who want your bank to snitch on you each time you have a transaction $600 or larger aren't going to let you have such a large denomination bill that they can't track. Wouldn't be surprised if at some point they try to do away with the $100.

Re: Dollar Tree says US$1.25 price point to become new standard

#192
post #35

Earlier quoted context omitted.

And now globalization has equalized global workforces with purchase and compensation parity. Costs must rise. Money is to be made on trade and labor cost deltas, but those eventually, almost thermodynamically, equalize.

That's one thing. Also, China is no longer buying US treasuries, which for a long time contributed to reducing US inflation via underpriced imports.

So what are they doing with the extra US dollars now?

Re: Dollar Tree says US$1.25 price point to become new standard

#193

I don't think that people in this thread appreciate how prevalent grocery shopping in dollar stores is. In the US, half of shoppers buy groceries from a dollar store. They do it because it's literally all they can afford anything else. There are more dollar stores than Walmart, Starbucks and McDonald’s combined. "Kyle Dishman can’t afford to shop at the local grocery store anymore. Instead he goes to Dollar General,…

The big problem with this is that Dollar Stores generally don't have a produce section. Everything is in a box, bag, or can. This is not healthy. $40/week for a single person isn't an easy food budget, but I think could manage that at my grocery store. It's $5.71 per day for three meals. You really need to optimize for calories. Pasta, dried beans, potatoes, not much meat or dairy, even produce is a bit of a luxury. This is the kind of budget that puts those "just drink one less Starbucks coffee a day" comments into perspective. And forget about eating out, even a single fast food meal would blow your entire budget for the day. This becomes a very serious challenge if he's trying to feed a family of 4 on that budget.

Re: Dollar Tree says US$1.25 price point to become new standard

#194
post #91
post #89

Earlier quoted context omitted.

> deeply unsettling Care to elaborate? What about the logo makes you feel this way?

it's those beady little °s

For the longest time I thought it was a winter coat store. It wasn't until I saw beach balls out front one day that I gave them a second look.

Re: Dollar Tree says US$1.25 price point to become new standard

#195

Earlier quoted context omitted.

His Chrysler 300? This thing Wikipedia describes as a V8 powered “full-size luxury car”? https://en.wikipedia.org/wiki/Chrysler_300

In no world is a Chrysler 300 a luxury car.

It isn't a good luxury car, but it objectively is one. "Luxury car" is a description of market segment, not a measure of quality.

Re: Dollar Tree says US$1.25 price point to become new standard

#197

I don't think that people in this thread appreciate how prevalent grocery shopping in dollar stores is. In the US, half of shoppers buy groceries from a dollar store. They do it because it's literally all they can afford anything else. There are more dollar stores than Walmart, Starbucks and McDonald’s combined. "Kyle Dishman can’t afford to shop at the local grocery store anymore. Instead he goes to Dollar General,…

Isn't that the motor oil that's not rated for cars after the mid-80s or something?

It was probably thrown in to give a sense of the variety available, but just about every grocery store or even gas station has cheap motor oil available. It's not like you need very much of it very often. It's just a bad article with bad quotes. I'm sure a huge number of people on HN remember weeks as a poor student and having to hack $10 to last a week or more. $40 a week, that's a luxury!

Re: Dollar Tree says US$1.25 price point to become new standard

#198
post #188

Earlier quoted context omitted.

Not necessarily, let's say it's a 2008, you can easily find 300 junkers now worth almost nothing.

Are these any good? I might need a car on the cheap soon.

It depends on what your criteria for "any good" are. Most cars that have depreciated rapidly do so because their maintenance burden is high. If you think you have a better-than-average ability to absorb or mitigate this risk, then it might be a wise purchase. If you cannot, it is probably an unwise purchase.

Re: Dollar Tree says US$1.25 price point to become new standard

#199

I don't think that people in this thread appreciate how prevalent grocery shopping in dollar stores is. In the US, half of shoppers buy groceries from a dollar store. They do it because it's literally all they can afford anything else. There are more dollar stores than Walmart, Starbucks and McDonald’s combined. "Kyle Dishman can’t afford to shop at the local grocery store anymore. Instead he goes to Dollar General,…

> They do it because it’s literally all they can afford anything else. Dollar stores very often aren’t cheaper than other sources for similar products especially for grocery items (which they tend to have very limited selections of.) People that shop for groceries at dollar stores do it because: 1. They shop for other things at dollar stores (either for price, or for reason #2, or because its the only place close by…

> People that shop for groceries at dollar stores do it because:

4. They only have a dollar.

Yes, it's cheaper by the fluid ounce to buy a barrel of Pine-sol at Costco. But if you have $100 for groceries and household expenses this week, you'll pay more per ounce to minimize the cash-flow problem.

Their cash-flow constraints and cost of credit both prevent them from economizing. That is how most Americans shop.

Re: Dollar Tree says US$1.25 price point to become new standard

#200
post #192

Earlier quoted context omitted.

That's one thing. Also, China is no longer buying US treasuries, which for a long time contributed to reducing US inflation via underpriced imports.

So what are they doing with the extra US dollars now?

Buying oil, I think. And perhaps saving some for Evergrande's rainy day.
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