February 7, 20232 yr 6 minutes ago, mr_hunt said: Probably a combination of increasing supply and reducing demand. The culling of birds due to the avian flu started as early as February 2022. It takes about 20 weeks for a chicken to mature enough to lay eggs. Prices I think overshot demand, and people started just buying fewer eggs. So demand went down, and supply is probably starting to come back as the farms who lost production at the height of the avian flu epidemic are starting to produce again. Market overreacted to reduced supply by raising prices too high, demand went down, equilibrium is being found at lower prices. Not that complicated IMHO.
February 7, 20232 yr Demand for eggs is higher over the holidays at the end of the year. Less demand = lower prices. Compounded that people were buying less due to higher prices, perhaps may have allowed supply to replenish some.
February 7, 20232 yr 39 minutes ago, mr_hunt said: Don't ask why if you're not ready to accept the answer:
February 20, 20232 yr Although inflation is coming down, high prices are still impacting Americans at every income level. Over 80% of middle-income households cut down on their savings or pulled money from existing savings to make ends meet in the last three months of 2022, the financial services company Primerica found in a new study https://fortune.com/2023/02/18/americans-spending-savings-credit-card-debt-could-spark-recession-economists-say/
February 20, 20232 yr Most economic downturns hit lower-income Americans hardest, but this time is different. ... The U.S. could still skirt a recession, but it is already in a richcession. That’s when, amid economic uncertainty, the well-off feel more of the bite. ... Early in the pandemic, several rounds of government relief allowed Americans in general, and lower-income Americans in particular, to build up their finances. Then the job market came roaring back and poorer workers found they could get paid a lot more than they did before. Many white-collar professionals haven’t seen their wages outstrip inflation, but people doing lower-paying work have, and the latter group’s wealth has risen more, too. Sure, it is still better to be rich and college-educated than poor and not. After decades of widening, though, the gap between the two groups has narrowed.
February 20, 20232 yr 17 minutes ago, JohnSnowsHair said: Most economic downturns hit lower-income Americans hardest, but this time is different. ... The U.S. could still skirt a recession, but it is already in a richcession. That’s when, amid economic uncertainty, the well-off feel more of the bite. ... Early in the pandemic, several rounds of government relief allowed Americans in general, and lower-income Americans in particular, to build up their finances. Then the job market came roaring back and poorer workers found they could get paid a lot more than they did before. Many white-collar professionals haven’t seen their wages outstrip inflation, but people doing lower-paying work have, and the latter group’s wealth has risen more, too. Sure, it is still better to be rich and college-educated than poor and not. After decades of widening, though, the gap between the two groups has narrowed. Good read, but I bet it'll widen again as the market continues to rebound. The disparity in sentiment towards investment is just way too large between the two groups, so any upward market movement means those who are sitting in the sidelines because they "don't trust stocks" get left further and further behind. Most people who feel our current tax structure is overly progressive often simplify it as a thinly veiled wealth distribution scheme (which it is in many ways), but a massive side effect of freeing up more spending power to the lower earners is that they're far more likely to spend that money rather than save it. And in a consumer-based economy, a lot of that money ends up trickling upwards in the form of market growth.
March 30, 20232 yr Prices go up, they never come back down. Corporations never take a hit due to inflation. They pass the buck down to the consumer.
March 30, 20232 yr 12 minutes ago, toolg said: Prices go up, they never come back down. Corporations never take a hit due to inflation. They pass the buck down to the consumer. Yeah, prices never go down. Wait a minute... https://www.cbsnews.com/news/egg-prices-fall-consumer-price-index/
March 30, 20232 yr 1 minute ago, vikas83 said: Yeah, prices never go down. Wait a minute... https://www.cbsnews.com/news/egg-prices-fall-consumer-price-index/ To think that that man was a presidential economic advisor...
April 12, 20232 yr Month over month inflation came in at 0.1% 5% for last 12 mos Good report. Sorry if you're big mad that inflation is being tamed.
April 12, 20232 yr On 3/30/2023 at 2:16 PM, toolg said: Prices go up, they never come back down. Corporations never take a hit due to inflation. They pass the buck down to the consumer. There was an egg company that wasn't impacted like the other companies yet still raised their price. They ended up profiting extremely well
April 13, 20232 yr On 4/12/2023 at 11:16 AM, Mike030270 said: There was an egg company that wasn't impacted like the other companies yet still raised their price. They ended up profiting extremely well So the laws of supply and demand ceased to exist for that company?
April 13, 20232 yr 8 minutes ago, Tnt4philly said: So the laws of supply and demand ceased to exist for that company? I'm not sure of your point to your question
April 13, 20232 yr 22 minutes ago, Mike030270 said: I'm not sure of your point to your question TBF, I’m not exactly sure what point you were trying to make either. Do you have a problem with that company raising prices with the market?
April 13, 20232 yr 4 minutes ago, Tnt4philly said: TBF, I’m not exactly sure what point you were trying to make either. Do you have a problem with that company raising prices with the market? Then wtf was the point of your question as if you're trying to get a one up on me? The company can do whatever it wants in line with the law
April 13, 20232 yr 9 minutes ago, Mike030270 said: Then wtf was the point of your question as if you're trying to get a one up on me? The company can do whatever it wants in line with the law You posted it as if you had an issue with it. I did not think a simple economics question would trigger you.
April 13, 20232 yr 5 minutes ago, Tnt4philly said: You posted it as if you had an issue with it. I did not think a simple economics question would trigger you. Looks like you read it wrong then.
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