INFLATION--FED's cutting rates again...

nashhorn said:
I’m sick of it but not that sick yet 67 won’t do Taco Bell except for those cheeses things for my grandson who is a frustrating eater.
I remember how I almost choked last football game when I had our standard fare at Polvo’s and got a $71 bill. Fajita for one with choriqueso, mango Rita for her and a beer for me. I remember the same with three margaritas (2 mine) and a bill just over $40. And I’m not talking 10 years ago, more like 4. It’s just getting harder.
Good Lord, just saw a Biden ad “Joe just gets things done”, how can they show that stuff?
Click to expand...

Trump started it and Biden kept it going with the money printing and economic shut downs during covid. Then after interest rates were raised and inflation started to come down, the US government started handing out billions of $ to Ukraine and now more billions to Israel. We are paying higher prices in the US because wars are extended.
 
Local "street tacos" vendors - usually quite tasty, not sure about their food safety standards; gotta like onions and I like onions (and have some gum or breath mints with me); buy the meat that you know what it is.

Taco Bell - barf

Taco Bueno - with a few beers it's tolerable enough

Taco Casa - not bad at all for a chain taco joint

Fuzzy's - pretty good for the basics (beef/steak/chicken). Their fish tacos ain't what a fish taco should be though.

Fuel City Dallas - very good. They have that layers of corn in a styrofoam cup stuff also that's good.

Forget the name of the place - West Dallas/Oak Cliff - even better than Fuel City.

Best place ever in Texas for a Taco -- the now defunct Loma Linda -- Eastside of Houston -- it is no more, but they were the signature joint for the old style Houston "puff taco". Many others copied them, but Loma Linda perfected it. Went there countless times as a youth. They no speaka much English, but they made the best tacos in the State. (San Antonio folks--just chiiiiiiilllllllllll ooooouuuuuuttttttt......... Reeeeelllaaaaxxxxxxx........)

:tap:(Houston native smiling; San Antonio native red-faced)
 
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Chop said:
Local "street tacos" vendors - usually quite tasty, not sure about their food safety standards; gotta like onions and I like onions (and have some gum or breath mints with me); buy the meat that you know what it is.

Taco Bell - barf

Taco Bueno - with a few beers it's tolerable enough

Taco Casa - not bad at all for a chain taco joint

Fuzzy's - pretty good for the basics (beef/steak/chicken). Their fish tacos ain't what a fish taco should be though.

Fuel City Dallas - very good. They have that layers of corn in a styrofoam cup stuff also that's good.

Forget the name of the place - West Dallas/Oak Cliff - even better than Fuel City.

Best place ever in Texas for a Taco -- the now defunct Loma Linda -- Eastside of Houston -- it is no more, but they were the signature joint for the old style Houston "puff taco". Many others copied them, but Loma Linda perfected it. Went there countless times as a youth. They no speaka much English, but they made the best tacos in the State. (San Antonio folks--just chiiiiiiilllllllllll ooooouuuuuuttttttt......... Reeeeelllaaaaxxxxxxx........)
Click to expand...
Oh yeah, Loma Linda was cheap.

Inflation is even destroying Mexican food.
 
Bloomberg - Are you a robot?



On average, a feast for 10 will cost Americans a record $71.22, up 5% from last year and 30% from five years ago. Those living on the West coast will find the highest average barbecue bill at $80.88.
 
SabreHorn said:
Not a criticism, but I'm not sure I want to know where I can feed TEN people BBQ for $80 other than to be sure I avoid that place.
Click to expand...
Bloomberg bbq =
average cost of July 4 barbecue staples including cheeseburgers, chicken breasts, pork chops, potato chips, pork and beans, fresh strawberries, homemade potato salad, fresh-squeezed lemonade, chocolate chip cookies and ice cream.
 
SabreHorn said:
I want to shop where Bloomberg buys groceries
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IMG_9191.png
 
3 ounces of beef per hamburger? No wonder it's cheaper than Whataburger. Think I'll try telling the people at FiveGuys and see if they'll lower the prices.

Not criticizing you, but that ain't a helluva lot of food for kids much less adults. I can hear the discussions in the back yard now, "MC, I told you we should go to Viper's house for lunch" :whiteflag:
 
Chop said:
If you eat pork chops for the 4th of July, you are a weirdo.
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Says a guy named Chop.

In seriousness, the farm bureau does this annual survey. So they include beef, chicken and pork. Also, eggs for the potato salad, cheese for the hamburger, milk for the ice cream, etc.

With that said, why not select pork ribs?
 
CPI headline inflation now “only” 3.0%. Moving forward, inflation will be in the 2.x% range (i.e., less than 3%).

Largest drivers of inflation last month were housing and auto insurance. Those are expected to stabilize over next 6 months, giving rise to 2% inflation again. Of course, prices won’t fall. They will be highest ever but only increasing at 2-3% annually.
 
www.project-syndicate.org

Trump’s Plans for the Fed Would Revive 1970s-Style Inflation | by Maurice Obstfeld - Project Syndicate

Maurice Obstfeld thinks the presumptive GOP nominee’s policies reflect an outdated understanding of the economy.
www.project-syndicate.org www.project-syndicate.org

markets.businessinsider.com

How a Trump 2.0 presidency could threaten dollar dominance, according to a think tank

Trump's proposed policies risk eroding the dollar's dominant position, Mark Sobel of OMFIF says.
markets.businessinsider.com markets.businessinsider.com

 
mchammer said:
Largest drivers of inflation last month were housing and auto insurance. Those are expected to stabilize over next 6 months, giving rise to 2% inflation again. Of course, prices won’t fall. They will be highest ever but only increasing at 2-3% annually.
Click to expand...
If there were only a way to increase the fixed income of retirees to keep pace with inflation...:brickwall:
 
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