Inflation in your World

#301
#301
To me, greed is the driving force behind most price increases. Companies downsizing content package but charging higher or the same costs as regular packaging. Finding ways to excuse jacking up prices of their over-salted, and over-sugared snacks. Restaurants selling cheap cuts of meat that isn't even what you ordered (especially if you order a fish dish). Shirley and I switched to eating more healthy, discarding junky foods and eating out. We re-discovered cooking together, doing dishes together, running or walking in nearby parks, and fishing together. We don't really care if we catch fish or not. We're happy without wasting money on junk we don't need. So I say inflation effect is just as much an attitude as all the other factors and excuses thrown at the public. OH, and, YouTube recipes are our friend when we want to eat restaurant style meals. SO!? Our food budget averages about $300/month less than it did in 2022.
 
#302
#302
It's not greed. Restaurant operating margins, per SEC 10K filings, are lower pretty much across the board in 2023 as compared to 2019....
 
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#309
#309
hog88 said:
Yeah, who does that MoJo guy think he is? Woodsman is the real deal.
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I'm tired of MoJo always acting like he is hot **** with his experience, data, and knowledge. Complete PITA.

I wanna hear more about scaling back standard of living to live within our new economic dystopia.
 
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#310
#310
McDad said:
I'm tired of MoJo always acting like he is hot **** with his experience, data, and knowledge. Complete PITA.

I wanna hear more about scaling back standard of living to live within our new economic dystopia.
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No kidding. He does come across all high and mighty acting like facts are more relevant than opinions and emotions. Just WTF does that think he is?
 
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#313
#313
Inflation is caused by not having gas and oil in your country. Biden shut us off, causing other countries to control us. Remember?
 
#314
#314
The 2022 Inflation Reduction Act was partially funded by a tax on stock buybacks.

Of course, 2 years later, the Biden IRS has yet to issue Regulations that are needed to collect the tax...
 
#315
#315
BigOrangeMojo said:
Now to piss the other side off, operating margins didn't decrease after TCJA (Trump Tax Cut)....
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In fairness, operating margins are affected by many things, including accounting decisions and investment decisions. The bottom line of the P&L itself is a poor measure of impacts such as tax cuts and inflation. It would be much more insightful to see YoY standard margin + variances. Or if we are just looking a restaurant maybe their 4-wall profitability. Just my opinion.
 
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#316
#316
DC_Vol said:
In fairness, operating margins are affected by many things, including accounting decisions and investment decisions. The bottom line of the P&L itself is a poor measure of impacts such as tax cuts and inflation. It would be much more insightful to see YoY standard margin + variances. Or if we are just looking a restaurant maybe their 4-wall profitability. Just my opinion.
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If you looked at one company, I'd agree with you. When you see the same thing over and over and over for the entire industry, it's a trend.

Operating margin is before interest and taxes. It's what the company makes before factoring in interest or taxes. When pretty much every company in an industry is showing a lower margin now (before interest and taxes), it's not greed....
 
#317
#317
BigOrangeMojo said:
If you looked at one company, I'd agree with you. When you see the same thing over and over and over for the entire industry, it's a trend.

Operating margin is before interest and taxes. It's what the company makes before factoring in interest or taxes. When pretty much every company in an industry is showing a lower margin now (before interest and taxes), it's not greed....
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Agreed on trends.
 
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#318
#318
Two things are impacting us locally (one Federal and one State)

Inflation related to debt and other economic issues with USD (energy comments are not far off as well)
Tennessee State Fuel Tax (impacts any retail purchases including groceries)
 
#320
#320
ClearwaterVol said:
Interesting theory.
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Energy is very volatile. Biden's energy rhetoric (without a plan) with the combination of global supply chain, labor, and prior/recent fiscal policy absolutely caused inflation to spike.

It was going to happen no matter what but the energy rhetoric was tossing gas into an inferno.

Powell not having a set to raise rates during Fall 2020 hurt as well
 
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#321
#321
hUTch2002 said:
Transportation costs didn’t just increase due to fuel costs. Their labor costs are way up and so are the transportation companies’ insurance costs, costs of maintenance and more. Just because they don’t have to pay benefits for their part-time employees doesn’t mean labor costs are low. You’re forgetting those part-time employees turn over at a much higher rate, which drives up costs. I bet labor cost are the number 1 cost for a fast food business.
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Well he's also wrong about p/t employees not receiving benefits, they do.
 
#322
#322
BigOrangeMojo said:
Energy is very volatile. Biden's energy rhetoric (without a plan) with the combination of global supply chain, labor, and prior/recent fiscal policy absolutely caused inflation to spike.

It was going to happen no matter what but the energy rhetoric was tossing gas into an inferno.

Powell not having a set to raise rates during Fall 2020 hurt as well
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the trillions trump gave away pretty much sealed our fate with inflation.
 
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#323
#323
ClearwaterVol said:
the trillions trump gave away pretty much sealed our fate with inflation.
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It was going to happen to some degree but Bidens 2021 and 2022 budgets were full of bloat, the energy industry posture, and continuing unneeded enhanced unemployment all just tossed gasoline into the fire...
 
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