They are good. I bought a pack when we visited last summer at the same store. They were more like $4.25 Still high but not "it's time to riot" high.
INFLATION--FED's cutting rates again...
- Thread starter Chop
- Start date
They are good. I bought a pack when we visited last summer at the same store. They were more like $4.25 Still high but not "it's time to riot" high.
Monahorns
10,000+ Posts
Rioting won't do any good unless we all riot at the Federal Reserve and Department of Treasury locations. Poor HEB is just reacting to increasing raw material costs. At some point wages and salaries will go up to mitigate the issue, but it won't cover the whole increase.
Basically vote for a Republicrat and this is what you get.
Basically vote for a Republicrat and this is what you get.
AC
2,500+ Posts
It is volatile, it is being shorted down right now, but it does have a true reason to exist. It counters central banks. It is the only alternative currency that could overtake the USD as a global reserve currency. Two nation states have declared it legal tender so far. El Salvador and Paraguay. An endowment is the best way to describe it. Other cryptos like Ethereum would fit the speculation name better. Wait till January 2022!
Oh it’s definitely a game changer. The genie is out of the bottle and not going back in. Governments can’t squash it. As for me, I’m not willing to put more than a pittance in crypto at this point. Maybe if it crashes and turns around, then I might really get in.It is volatile, it is being shorted down right now, but it does have a true reason to exist. It counters central banks. It is the only alternative currency that could overtake the USD as a global reserve currency. Two nation states have declared it legal tender so far. El Salvador and Paraguay. An endowment is the best way to describe it. Other cryptos like Ethereum would fit the speculation name better. Wait till January 2022!
Horn2RunAgain
2,500+ Posts
So I was just at HEB in Belton and saw this. How has there been no violence?
You're going to hate me for saying this, but those chips are nasty. My neighbor had me fetch some on a central market trip. Tried some, threw my bag away. Too much seasoning or spice or something.
HEB products rock tho. Best orange juice on the planet, hands down
Just bought some since Tropicana was out of stock. I will report back.
Sir, your juice game is spot on, but your chip game is impeachable.
I don't hate you for it. Tortilla chips are one of these things that people have very personalized tastes for. For example, my wife really likes putting a crapload of salt on chips at restaurants. I hate that. My ideal chip (assuming I'm dipping it in salsa) would be very crunchy but have just barely enough salt to be noticeable. Anything more, and you interfere with the flavor of the salsa.
AC
2,500+ Posts
My wife does the same thing!
Daly, President Federal Reserve - San Francisco:
"With the U.S. labor market "very strong" and high inflation acting as a "repressive tax" that puts a particular burden on the poor, the Federal Reserve should raise interest rates this year, San Francisco Fed President Mary Daly said on Thursday.
Still, she added, with the U.S. economy supporting millions of fewer jobs than before the onset of the COVID-19 pandemic, as many workers remain cautious in the face of the virus, the U.S. central bank's approach ought to be data-driven and "measured.""
Reading between the lines - yeah, the rates will go up, but not by much and in small doses.
Fed's Daly sees rate hikes ahead, but says 'measured' approach needed
"With the U.S. labor market "very strong" and high inflation acting as a "repressive tax" that puts a particular burden on the poor, the Federal Reserve should raise interest rates this year, San Francisco Fed President Mary Daly said on Thursday.
Still, she added, with the U.S. economy supporting millions of fewer jobs than before the onset of the COVID-19 pandemic, as many workers remain cautious in the face of the virus, the U.S. central bank's approach ought to be data-driven and "measured.""
Reading between the lines - yeah, the rates will go up, but not by much and in small doses.
Fed's Daly sees rate hikes ahead, but says 'measured' approach needed
Mexico's Central Bank is raising their rates to combat inflation.
Mexican central bank flags concern over inflation, labor costs, minutes show
The head of Mexico's Central Bank, Victoria Rodriguez Ceja
Mexican central bank flags concern over inflation, labor costs, minutes show
The head of Mexico's Central Bank, Victoria Rodriguez Ceja
Yes, she is. But that bar is so low as to be nonexistent.
As Switzer likes to say, "seen better, had worse."
Oh, he has definitely had worse. Lol.
Why inflation can actually be good for everyday Americans and bad for rich people - CNN
CNN makes the "Inflation is good for ordinary folks" argument above...
(inflation favors debtors, those with fixed rate mortgages, etc.)
CNN makes the "Inflation is good for ordinary folks" argument above...
(inflation favors debtors, those with fixed rate mortgages, etc.)
Dem politicians blame "corporate greed" for inflation. Those darn corporations... There they go, putting profits ahead of people again...
Democrats Blast Corporate Profits As Inflation Surges
Democrats Blast Corporate Profits As Inflation Surges
Horn2RunAgain
2,500+ Posts
Jamie Dimon said on cnbc today that the economy can handle more than 4 small rate hikes this year. Said the economy is strong enough to handle the hikes and I think he's right. China slowing or not, rate hikes seem to be in order
Which means, of course, that we will get a new class of the hand-to-mouth crowd whining they cannot make ends meet since the 1% plus interest minimums on their cards will go up.
Even for folks who have big mortgages that inflation will help, they will have less money to buy goods and services. It’s like being put on a forced diet. Yeah, it may be good for you in the long run, but you are not going to like it as you consume less.Why inflation can actually be good for everyday Americans and bad for rich people - CNN
CNN makes the "Inflation is good for ordinary folks" argument above...
(inflation favors debtors, those with fixed rate mortgages, etc.)
And even if it IS good for valuations, they will be too inclined to treat the house like a piggy bank, and voila...shades of the mid-aughts all over again. Let the foreclosures begin...
At the meetings of the World’s central bankers, everyone’s wanting to sit by her…Mexico's Central Bank is raising their rates to combat inflation.
Mexican central bank flags concern over inflation, labor costs, minutes show
The head of Mexico's Central Bank, Victoria Rodriguez Ceja
Why inflation can actually be good for everyday Americans and bad for rich people - CNN
CNN makes the "Inflation is good for ordinary folks" argument above...
(inflation favors debtors, those with fixed rate mortgages, etc.)
It's like arguing that the other team scoring a touchdown is a good thing, because you get the ball back.
More Fed signaling re: upcoming interest rate hikes. The economy can take it, inflation is the focus, can't let inflation become entrenched, etc.... Just about everybody saw this coming.
Powell: "We know that high inflation exacts a toll, particularly for those less able to meet the higher costs of essentials like food, housing, and transportation. We are strongly committed to achieving our statutory goals of maximum employment and price stability. We will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched.
We can begin to see that the post-pandemic economy is likely to be different in some respects. The pursuit of our goals will need to take these differences into account. To that end, monetary policy must take a broad and forward-looking view, keeping pace with an ever-evolving economy."
...
"But Powell made clear that he is now more worried about the damage that rising inflation could inflict on the job market.
“High inflation is a severe threat to the achievement of maximum employment,” he said."
U.S. economy can withstand Fed tightening, Omicron surge, Powell says
Fed’s Powell: Inflation poses a major threat to job market
OECD inflation hits 25-year high, as Fed’s Powell vows to stop it becoming ‘entrenched’ – as it happened
Powell: "We know that high inflation exacts a toll, particularly for those less able to meet the higher costs of essentials like food, housing, and transportation. We are strongly committed to achieving our statutory goals of maximum employment and price stability. We will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched.
We can begin to see that the post-pandemic economy is likely to be different in some respects. The pursuit of our goals will need to take these differences into account. To that end, monetary policy must take a broad and forward-looking view, keeping pace with an ever-evolving economy."
...
"But Powell made clear that he is now more worried about the damage that rising inflation could inflict on the job market.
“High inflation is a severe threat to the achievement of maximum employment,” he said."
U.S. economy can withstand Fed tightening, Omicron surge, Powell says
Fed’s Powell: Inflation poses a major threat to job market
OECD inflation hits 25-year high, as Fed’s Powell vows to stop it becoming ‘entrenched’ – as it happened
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