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Inflation and Shortage Observations

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17 hours ago, we_gotta_believe said:

Because that's the heaviest thing those toothpick arms could lift? :roll:

 

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Biden's Inflation Reduction Act is working!! :ph34r:

 

(Has nothing to do with it.)

47 minutes ago, JohnSnowsHair said:

 

Biden's Inflation Reduction Act is working!! :ph34r:

 

(Has nothing to do with it.)

 

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Definitely good news on the inflation front. I heard boneless, skinless chicken breast has gone down down 75% a pound! Munson must be over-the-moon!

Great Job Joe!!!

 

 

 

 

 

  • 2 weeks later...

 

2 hours ago, Mlodj said:

 

So when the price of "North American" vehicles rises because market equilibrium will require them to, and thus the overall price of new cars rises, we'll be blaming that on Biden right?

(Not specifically replying to you directly with this @Mlodj, just predicting the way I'd anticipate this playing out heading into the 2024 election)

1 hour ago, JohnSnowsHair said:

So when the price of "North American" vehicles rises because market equilibrium will require them to, and thus the overall price of new cars rises, we'll be blaming that on Biden right?

Presidents always get too much blame and too much credit for events that are really beyond their control; it goes with the territory.

Retail theft was over $90B. How can we pin this future retail desert on racism when retails stores are removed from urban areas due to insurance cost?

  • 2 weeks later...
1 hour ago, Tnt4philly said:

Thanks a lot Biden. 😎  Seriously, the print industry has been shrinking for decades and most of us saw this coming. Both plants closing was a big shock though. 

https://www.wgal.com/amp/article/lsc-communications-to-close-its-printing-plants-in-lancaster-county/42407896

I went to a lot of print shops in the early 90s for work. Mostly with the $500k jumbo xerox printers at the time.  That was my 1st thought when I started seeing websites being advertised on TV in the mid-90s.  I'm shocked it took THIS long.

3 hours ago, Tnt4philly said:

Thanks a lot Biden. 😎  Seriously, the print industry has been shrinking for decades and most of us saw this coming. Both plants closing was a big shock though. 

https://www.wgal.com/amp/article/lsc-communications-to-close-its-printing-plants-in-lancaster-county/42407896

Many of our commercial printers down here are so busy that they can’t keep up.

5 minutes ago, The_Omega said:

Many of our commercial printers down here are so busy that they can’t keep up.

Short run low volume printing still has a decent market. It’s the long run high volume jobs that are few and far between. Our plant is designed to run jobs like the TV Guide, The Donnelly Directory, Readers Digest, NYTs, Avon, etc. We ran anywhere from a few hundred thousand to a few million impressions per job. We have 7 double web offset presses and 7 double web Gravure presses, and two times as many binding lines. 

17 minutes ago, Tnt4philly said:

Short run low volume printing still has a decent market. It’s the long run high volume jobs that are few and far between. Our plant is designed to run jobs like the TV Guide, The Donnelly Directory, Readers Digest, NYTs, Avon, etc. We ran anywhere from a few hundred thousand to a few million impressions per job. We have 7 double web offset presses and 7 double web Gravure presses, and two times as many binding lines. 

These aren’t short run or low volume, they’re printing packaging and they’re booming.  They’re running state of the art high speed Heidelberg’s and KBA’s.  Like everywhere else, the lack of qualified employees is hamstringing them.

56 minutes ago, Tnt4philly said:

Short run low volume printing still has a decent market. It’s the long run high volume jobs that are few and far between. Our plant is designed to run jobs like the TV Guide, The Donnelly Directory, Readers Digest, NYTs, Avon, etc. We ran anywhere from a few hundred thousand to a few million impressions per job. We have 7 double web offset presses and 7 double web Gravure presses, and two times as many binding lines. 

If you ever need any rotationally molded plastic pallets, hit me up.  Don’t worry, that’s the last sales pitch I’ll make. 😇

Just now, The_Omega said:

If you ever need any rotationally molded plastic pallets, hit me up.  Don’t worry, that’s the last sales pitch I’ll make. 😇

A few years too late. We will probably have plenty of used ones for sale soon. I was amazed how many different types of pallets there are when I first started here. It seems like every customer required a different type and it was a PITA programming robots/APLs for the different types. 

4 minutes ago, Tnt4philly said:

A few years too late. We will probably have plenty of used ones for sale soon. I was amazed how many different types of pallets there are when I first started here. It seems like every customer required a different type and it was a PITA programming robots/APLs for the different types. 

That’s one of the difficulties in selling them. They often last 20+ years. Sticker shock is another difficulty. :lol:

Gas went up quickly around me to about $3/gallon

Prices up $.30 in a week, outside of DC

$3.05 today in NJ

I haven't been able to read it fully but did we have month over month deflation in December?

9 minutes ago, JohnSnowsHair said:

I haven't been able to read it fully but did we have month over month deflation in December?

 

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21 hours ago, Toastrel said:

$3.05 today in NJ

Well on its way to 11 bucks though.

14 minutes ago, Boogyman said:

Well on its way to 11 bucks though.

Just wait until Sleepy Joe is done with us.

Eleventy-nine dollars a shot by Christmas (which he hates)

3 hours ago, JohnSnowsHair said:

I haven't been able to read it fully but did we have month over month deflation in December?

Yes, CPI was -0.1% month over month. +6.5% y-o-y. 

It was +0.3% m-o-m ex-food and energy and +5.7% y-o-y. 

The drop in gas prices is why overall was negative but core was slightly positive.

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