r/inflation
Prices are meaningless
I live in a LCOL town in the Midwest.
Yesterday I went to a Gordon Foods (GFS) to pick up a few things for a cookout. They had a 6 pack of tri-color peppers on the shelf for $13.99.
Also yesterday, our local Kroger had the same 6 pack of tri-color peppers for $6.
The closest Costco, Sam’s or BJ’s is about a 20 minute drive, so we use GFS on occasion when we want something in bulk and usually find it worth the price per unit to buy larger quantities from them.
When I saw the $6 peppers at Kroger I thought “wow that’s a ridiculous price” only to find the price twice as high at a wholesale store.
It seems as though there are no market forces or competition or buying pressure controlling prices anymore and the price on the shelf is just a wild money grab.
Call me a conspiracy theorist, but at what point will we have to pay a set subscription price for a set number of calories and bargain shopping and choice will be a thing of the past?
Roses are red this entire system is an absolute nightmare
Democratic Outlet Shares Graphic Comparing Trump’s Stock Trades to Previous Presidents
I love seeing prices today that take me back to more affordable times.
Essentially, 24 cans for $9.97 comes out to about 41.6¢/each. A price point that is non-existent nowadays. I'm now wondering if I should've bought a pack to have around for a while.
US Unemployment Could Hit 20% by 2028, Home Prices Reach Record High
blocknow.comInflation rates keep Tucsonans local for holiday weekend
Inflation rates keep Tucsonans local for holiday weekend
WTO confirms zero LNG shipments through Hormuz since MOU signing June 17 — the energy crisis the market isn't pricing
The oil price recovery narrative has one significant omission.
WTO's Strait of Hormuz Trade Tracker, updated this week, confirms zero LNG shipments through the strait since the MOU was signed June 17. Zero. The seven-day moving average has remained near zero since the ceasefire. Fertilizer-related outbound shipments are also zero since the MOU.
Crude oil ships are down 95% from pre-war levels. LNG ships are down 99%. The MOU has not changed either number meaningfully.
Before the war 20% of global LNG transited the strait annually. Qatar invoked force majeure on all LNG shipments in March. European natural gas benchmark TTF is 35% above pre-war levels. The Pearl GTL plant — which produces roughly a third of global motor oil supply — remains offline. Asian power grids dependent on Gulf LNG are running on reserves.
The market has priced a partial crude recovery. It hasn't priced the LNG story at all. Those are two separate crises in the same waterway.
Meanwhile the SPR hit a 40-year low yesterday — 325.7 million barrels as of June 26 EIA data. The price suppression mechanism that's been keeping Brent at $72 expires sometime between late August and mid-October when the reserve hits its authorized floor of 243 million barrels.
Brent at $72 is not a market signal. It's a policy intervention with an expiration date.
Full primary-source breakdown — EIA, WTO, IMF PortWatch, IEA, BLS — published this morning: dmitristewart.substack.com/p/the-oil-mirage
Why does legal fee has to be this high? Honestly this is way over charge to charge someone to send an email for $500/hr, simple phone call, even do some research for something they should know about charging $500/hr. Also why should Attorney's who lose the case still get paid?
reddit.comAre we out of our minds???
Saw this listing for a Mac Studio while scrolling on marketplace. There is NO WAY somebody is willing to pay this kind of money for that machine. Right?? Right????
Traders Go All-In on the US Dollar as Global Reserve Holdings Hit Century Low
blocknow.comHelp Us Call Out This Administration’s Sizzlin’ Summer Inflation
open.substack.comtfw the american dream got hit with the trump effect and dynamic pricing
If we can’t lower actual inflation, let’s just change the ruler
Is this not how you read it? Does he need to go out on the streets of Washington D.C. and yell out “I won’t hike rates” for the street to understand that he is a dove? This is the playbook of a central bank yielding to political power. Change the measures of inflation so that you don’t have it as high anymore.