April 13, 20223 yr 32 minutes ago, rambo said: Guess I'll drive the 45 minutes and 30 miles each way to save $3 on a fill up. i usually make it a trip over to jersey. get gas, hit halo farms, check out the polish deli next door and then go back over the trenton make bridge.
April 13, 20223 yr 2 minutes ago, Alpha_TATEr said: i usually make it a trip over to jersey. get gas, hit halo farms, check out the polish deli next door and then go back over the trenton make bridge. I drive over there once a year to go on a tuna fishing trip. I literally drive there then hop on boat to get 80-100 miles away from it.
April 13, 20223 yr Just now, rambo said: I drive over there once a year to go on a tuna fishing trip. I literally drive there then hop on boat to get 80-100 miles away from it. fishing is the only other reason i cross the delaware. although that will change soon if pennsy doesnt go recreational.
April 13, 20223 yr 1 minute ago, Alpha_TATEr said: fishing is the only other reason i cross the delaware. although that will change soon if pennsy doesnt go recreational. We usually make it to Cape May once a season. Have a nice fish dinner somewhere.
April 13, 20223 yr Maryland declared a gas tax holiday. It's been around $3.60/gallon for regular for the last few weeks... But you have to hurry. It ends on Saturday, and it won't be extended.
April 13, 20223 yr Just now, toolg said: Maryland declared a gas tax holiday. It's been around $3.60/gallon for regular for the last few weeks... But you have to hurry. It ends on Saturday, and it won't be extended. how much is the MD tax ? i think it's just under $.59 in PA.
April 13, 20223 yr 1 minute ago, Alpha_TATEr said: how much is the MD tax ? i think it's just under $.59 in PA. 36.1 cents per gallon https://www.marylandtaxes.gov/forms/compliance_forms/MFT_RatesPerGallon.pdf
April 13, 20223 yr 38 minutes ago, Toastrel said: We usually make it to Cape May once a season. Have a nice fish dinner somewhere. It's nice down where I am IMO. I mean, like anywhere else there are drawbacks, but I've enjoyed the year I've lived in this part of the state. Ocean County was getting worse and worse every year. It's an abysmal place to live now.
April 13, 20223 yr 30 minutes ago, Alpha_TATEr said: how much is the MD tax ? i think it's just under $.59 in PA. Yup. one of the highest in the US. All so they can fund the PSP and not fix the giant craters I'm dodging daily.
April 13, 20223 yr 3 minutes ago, rambo said: Yup. one of the highest in the US. All so they can fund the PSP and not fix the giant craters I'm dodging daily. I think the PA state motto needs to be changed Pennsylvania, the Expect Delays state.
April 13, 20223 yr Texas Gov. Abbott is creating backups at the US-Mexico border by ordering inspections of every truck that crosses, thereby causing supply shortages and price increases.
April 13, 20223 yr 1 minute ago, toolg said: Texas Gov. Abbott is creating backups at the US-Mexico border by ordering inspections of every truck that crosses, thereby causing supply shortages and price increases. Heroine and cocaine have been tough to come by lately.
April 13, 20223 yr 4 minutes ago, toolg said: Texas Gov. Abbott is creating backups at the US-Mexico border by ordering inspections of every truck that crosses, thereby causing supply shortages and price increases.
April 13, 20223 yr https://www.pbs.org/newshour/show/why-corporations-are-reaping-record-profits-with-inflation-on-the-rise?utm_source=facebook&utm_medium=pbsofficial&utm_campaign=newshour&utm_content=1649859664
April 13, 20223 yr 3 hours ago, toolg said: Texas Gov. Abbott is creating backups at the US-Mexico border by ordering inspections of every truck that crosses, thereby causing supply shortages and price increases. His own Republican Ag Commissioner's even saying it.
April 13, 20223 yr 20 minutes ago, EaglesRocker97 said: https://www.pbs.org/newshour/show/why-corporations-are-reaping-record-profits-with-inflation-on-the-rise?utm_source=facebook&utm_medium=pbsofficial&utm_campaign=newshour&utm_content=1649859664 Vikas had a good explanation of why this always happens earlier in the thread
April 13, 20223 yr On 2/23/2022 at 3:51 PM, vikas83 said: I really don't have time to teach a finance class right now, but the article somewhat answers it. The main driver of inflation is the price of inputs other than labor -- materials. Companies raise their prices enough to cover that AND maintain margins. So let's say I used to sell a widget for $10, with a profit of $2. Of my costs, $3 is materials, $2 is labor and $3 is fixed overhead (we'll use EBITDA for now). Now, assume the material cost goes to $4, raising my total cost to $9. In order to keep my 20% profit margin, I have to raise the price to $11.25, leading to $2.25 per widget in profit vs. $2 previously. OMG, corporate profits have increased. As for profit margins, those gains are being driven mainly by gains in efficiency mainly from capital spending.
April 13, 20223 yr 5 hours ago, iladelphxx said: Something looks hella cherrypicked there. US HICP: https://fred.stlouisfed.org/series/CP0000USM086NEST EU HICP: https://fred.stlouisfed.org/series/CP0000EZ19M086NEST Indexed to 2015, US went from 107.89 to 116.05 from Jan 2021 to Dec 2021, the last month this data is available for. For the same period also indexed to 2015, the 19 country EU zone inflation went from 105.32 to 110.37. US outpaced the EU on inflation in this period, but nothing like the dramatic different that chart shows. Though worth noting that US inflation went up 7% from the 2015 index under Trump while the EU went up only 5%. It's almost like presidents have less impact on inflation than, say, central banks.
April 14, 20223 yr 1 minute ago, rambo said: 2 months and still no dishwasher. Get your crap together Biden.
April 14, 20223 yr 1 hour ago, Dave Moss said: It's definitely a complex situation that needs to be treated with nuance, but profit margins seem to be so rapidly increasing that I think we'd be foolish to think these corporations aren't both padding the margins and taking something off the top. I mean, these executives are literally on the record basically saying that inflation is a good thing that provides cover for them to accelerate the increase in profits.
April 14, 20223 yr 17 minutes ago, EaglesRocker97 said: It's definitely a complex situation that needs to be treated with nuance, but profit margins seem to be so rapidly increasing that I think we'd be foolish to think these corporations aren't both padding the margins and taking something off the top. I mean, these executives are literally on the record basically saying that inflation is a good thing that provides cover for them to accelerate the increase in profits. COGS will catch up and margins will return to normal levels. Selling products manufactured pre-inflation will do that. Gives them wiggle room. Their costs will increase across the board too from raw materials, wages and overhead. They're creating wiggle room and as always have a fiduciary responsibility to maximize shareholders investment.
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