Does anyone really believe food prices are only up 20 percent? That sure as hell isn't my experience.
INFLATION--FED's cutting rates again...
- Thread starter Chop
- Start date
Does anyone really believe food prices are only up 20 percent? That sure as hell isn't my experience.
Was at Kroger last night...those chincy Tony's pizzas that used be 10 for $10 are now 2 for $4.
It wasn't that they were good, but they were a Sunday afternoon guilty pleasure while watching games...
That's consistent with what I've seen as well. Not everything has doubled, but I buy few things that are only 20 percent up.
I firmly believe that food taste is a horseshoe rather than a straight line. Some foods are so nasty that they start to taste good. That's how I feel about Alsups burritos and Totinos pizza rolls. It's some of the most processed, low-quality **** you can put in your mouth. But I like them anyway.
Not my experience, either. When Trump was POTUS, my biweekly trips to the Commissary ran about $225. My last trip to the Commissary (last week) was $385. And grocery prices are not going down...
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Overseas the Commissary is a crappy deal for most things. After being overseas for 14 years, I've learned to avoid them other than for a few items like Jiff Peanut Butter. For most items, it's better to buy off base. That was especially true in Germany but still true here.
The Commissary at NAS Fort Worth Joint Reserve Base (the old Carswell AFB) is still a pretty decent place to shop. Most things are cheaper than the local grocery stores. The big savings is avoiding the Texas sales tax (8.25%) on non-food items - paper towels, paper plates, feminine hygiene products, etc. And since I buy a lot of cat food and kitty litter, the savings add up!
The Commissary at NAS Fort Worth Joint Reserve Base (the old Carswell AFB) is still a pretty decent place to shop. Most things are cheaper than the local grocery stores. The big savings is avoiding the Texas sales tax (8.25%) on non-food items - paper towels, paper plates, feminine hygiene products, etc. And since I buy a lot of cat food and kitty litter, the savings add up!
I suspect the overseas commissaries simply have to change more, because their costs are higher, because American items there are priced pretty high. If you can buy the British equivalents you save a ton, even paying the 20 percent VAT.
However, some of the best deals the Commissary has are on European/British items. They basically are selling them at cost, and since they're supplied locally rather than imported from the US, they're dirt cheap. For example, I really like a British brand of fizzy mineral water. I pay less than half of what it costs at British stores.
Just as a side note on grocery shopping - between biweekly Commissary trips, I buy other items at Tom Thumb (Safeway) in Arlington - milk, eggs, and so on. I have found that Safeway has some store-brand cereals that are cheaper there than the name brand cereals at the Commissary - and I can't tell any difference in taste or quality. I may start looking at other Safeway-branded products.
Tropicana reduced the size their container from 52 to 46 oz but kept the same price.
And their casino has gone kaput.
More like Ka-Boom.
Not only that, but the MSM couldn't stop talking about how mean Trump is and calling Kamal names. I don't know they don't be honest and call themselves MSDNC. And the sheeple just lap it up.
^Ronald Reagan was a very wise man.
Young voters harbor deep worries about inflation, debt and housing
The NBC News Stay Tuned Gen Z poll shows voters under 30 are feeling a housing squeeze markedly different than their parents' generation and are pessimistic about the economy.
www.nbcnews.com
"More than two-thirds of young Americans 18 to 34 years old say a top issue ahead of the 2024 presidential election is inflation and the cost of living..."
Americans 18-34 years, top issues ranked:
1. Inflation
2. Abortion
3. Gun violence
4. Climate
5. Border Security
6. Student Loan Debt
7. Israel-Hamas war
8. Supreme Court
9. Mental Health
10. Rebuilding Confidence in Public Institutions
11. AI
12. Childcare
The fact that abortion is #2 and corrupt government is not on the list is alarming.
Alarming maybe, but not surprising. It just shows how selfish the young generation has become. The world revolves around me; gimme, gimme, gimme.
In a reversal of recent trends, the Fed announced an interest rate cut. You know what that means...
A 0.50% INTEREST RATE CUT ANNOUNCED TODAY 9/18/24
www.nbcnews.com
A 0.50% INTEREST RATE CUT ANNOUNCED TODAY 9/18/24
Fed goes big with interest rate cut in a bid to head off an economic slowdown
The Federal Reserve uses its federal funds rate, which serves as a benchmark for interest rates in the rest of the economy, as its main tool for regulating inflation and unemployment.
www.nbcnews.com
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“We’re trying to achieve a situation where we restore price stability without the kind of painful increase in unemployment that has come sometimes with this inflation," Powell said. "That’s what we’re trying to do, and I think you could take today’s action as a sign of our strong commitment to achieve that goal.”
The central bank's decision has already come in for comment by GOP vice presidential nominee J.D. Vance. At a rally in North Carolina, Vance blamed Vice President Kamala Harris, the Democratic presidential nominee, for enacting policies that required rates to go higher in the first place.
Mortgage interest rates, he said, "have gone up [to] about 6% thanks to Kamala Harris’ policy."
"That’s number one, why housing prices are so high."
"The second reason that housing is so high is because we let in 25 million illegal aliens to compete against Americans" for housing, Vance added.
www.nbcnews.com
Mortgage interest rates, he said, "have gone up [to] about 6% thanks to Kamala Harris’ policy."
"That’s number one, why housing prices are so high."
"The second reason that housing is so high is because we let in 25 million illegal aliens to compete against Americans" for housing, Vance added.
Fed goes big with interest rate cut in a bid to head off an economic slowdown
The Federal Reserve uses its federal funds rate, which serves as a benchmark for interest rates in the rest of the economy, as its main tool for regulating inflation and unemployment.
www.nbcnews.com
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Lately, the economy has continued to send mixed signals. The unemployment rate, at 4.2%, remains historically low — but it has inched up in four of the last five months, a trend that has often preceded recessions. While layoffs remain low, hiring has virtually ground to a halt, especially in some white-collar professions, making the job search process unusually difficult for many.
A retail sales report on Tuesday showed a steady pace of spending in the U.S. overall, but with some discretionary categories, like restaurant spending, significantly weaker.
A retail sales report on Tuesday showed a steady pace of spending in the U.S. overall, but with some discretionary categories, like restaurant spending, significantly weaker.
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