Wilbur ★ Posted October 23, 2021 Share #1 Posted October 23, 2021 There is no way we are going to be less that double digit inflation. I bought 1 pound of bacon today. $16.00. 3 months ago I thought $9.00 was outrageous. Gas in some Cali cities over $7.00 per gallon? Yikes! 1 Link to comment Share on other sites More sharing options...
Longjohn ★ Posted October 23, 2021 Share #2 Posted October 23, 2021 I heard that bacon was high priced so I looked at my LGS it was $6.00 but I think they were 12 oz packages. I don’t care what they charge for bacon, I don’t eat it. Link to comment Share on other sites More sharing options...
Kirby Posted October 23, 2021 Share #3 Posted October 23, 2021 Yes, but I can't afford to heat it up in a pan. 4 Link to comment Share on other sites More sharing options...
Bikeguy Posted October 23, 2021 Share #4 Posted October 23, 2021 I can't remember the last time I purchased bacon. Yeah... that's kind of like blasphemy here... but we don't buy bacon. Link to comment Share on other sites More sharing options...
Thaddeus Kosciuszko Posted October 23, 2021 Share #5 Posted October 23, 2021 34 minutes ago, Wilburger said: I bought 1 pound of bacon today. $16.00. If your neighbors start giving you sidelong glances and say they want to 'invite you over for dinner', you may want to bar your doors. 1 1 2 Link to comment Share on other sites More sharing options...
shootingstar Posted October 23, 2021 Share #6 Posted October 23, 2021 49 minutes ago, Wilburger said: There is no way we are going to be less that double digit inflation. I bought 1 pound of bacon today. $16.00. 3 months ago I thought $9.00 was outrageous. Gas in some Cali cities over $7.00 per gallon? Yikes! Really. I don't buy bacon but yes, even Alberta (local) beef is more expensive compared to 6 months ago. I only eat meat 2-3 times/month. Link to comment Share on other sites More sharing options...
sheep_herder ★ Posted October 23, 2021 Share #7 Posted October 23, 2021 Just don't go blaming the producers. Too bad they don't see more of the profit. 2 Link to comment Share on other sites More sharing options...
Further Posted October 23, 2021 Share #8 Posted October 23, 2021 I don't buy a lot of bacon or gasoline, but inflation has me scared. I'm pushing back my retirement for at least a year to see what happens. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted October 23, 2021 Share #9 Posted October 23, 2021 4 minutes ago, sheep_herder said: Just don't go blaming the producers. Too bad they don't see more of the profit. Better to blame...uh...the workers? The unions? The scientists!!! Yeah, that will work! Of course, the Dow & S&P are both up 33% in a year and Nasdaq close to 50%, so inflation sort of pales in comparison. If I skip the gas and the bacon and stick to all the $$$ piling upp in my accounts, it's like, possibly, the greatest financial run in human history. 2 Link to comment Share on other sites More sharing options...
sheep_herder ★ Posted October 23, 2021 Share #10 Posted October 23, 2021 3 pounds for $14.50 at the LGS. 1 1 1 Link to comment Share on other sites More sharing options...
sheep_herder ★ Posted October 23, 2021 Share #11 Posted October 23, 2021 1 hour ago, Razors Edge said: Better to blame...uh...the workers? The unions? The scientists!!! Yeah, that will work! Of course, the Dow & S&P are both up 33% in a year and Nasdaq close to 50%, so inflation sort of pales in comparison. If I skip the gas and the bacon and stick to all the $$$ piling upp in my accounts, it's like, possibly, the greatest financial run in human history. You do realize, I was just referring to bacon, and other agriculture products. Of course you did, but you just took the opportunity to rant as usual. Maybe you need a nap. 2 1 Link to comment Share on other sites More sharing options...
sheep_herder ★ Posted October 23, 2021 Share #12 Posted October 23, 2021 Shootingstar, why sad? 3 pounds for $14.50 is pretty dang good. Link to comment Share on other sites More sharing options...
Wilbur ★ Posted October 23, 2021 Author Share #13 Posted October 23, 2021 1 minute ago, sheep_herder said: Shootingstar, why sad? 3 pounds for $14.50 is pretty dang good. Probably because crossing the 49th drives prices up significantly. Gotta pay for that free medicare. 1 Link to comment Share on other sites More sharing options...
ChrisL Posted October 23, 2021 Share #14 Posted October 23, 2021 3 hours ago, Wilburger said: Gas in some Cali cities over $7.00 per gallon? Yikes! Which CA cities??! Yes gas is up but I paid $4.15 a gallon today. It has been around $4.00 a gallon for several months. $7 sounds like an outlier, not the norm by any means. Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted October 23, 2021 Share #15 Posted October 23, 2021 6 hours ago, Further said: I don't buy a lot of bacon or gasoline, but inflation has me scared. I'm pushing back my retirement for at least a year to see what happens. SS issued a 5.9% COLA raise beginning in January. First Medicare went up and then inflation rendered this raise "gone in 60 seconds". Link to comment Share on other sites More sharing options...
Wilbur ★ Posted October 23, 2021 Author Share #16 Posted October 23, 2021 7 hours ago, ChrisL said: Which CA cities??! Yes gas is up but I paid $4.15 a gallon today. It has been around $4.00 a gallon for several months. $7 sounds like an outlier, not the norm by any means. Gorda was the highest but all down the Big Sur coast according to a Times article I read. Demand is out stripping supply. Link to comment Share on other sites More sharing options...
Longjohn ★ Posted October 23, 2021 Share #17 Posted October 23, 2021 20 minutes ago, Wilburger said: Gorda was the highest but all down the Big Sur coast according to a Times article I read. Demand is out stripping supply. Why would California have a supply problem? I thought they all drove Lectric cars? Link to comment Share on other sites More sharing options...
Ralphie ★ Posted October 23, 2021 Share #18 Posted October 23, 2021 33 minutes ago, Longjohn said: Why would California have a supply problem? I thought they all drove Lectric cars? It must be terrists in rental cars. Maybe they are still gasoline. Link to comment Share on other sites More sharing options...
Longjohn ★ Posted October 23, 2021 Share #19 Posted October 23, 2021 38 minutes ago, Philander Seabury said: It must be terrists in rental cars. Maybe they are still gasoline. Most places like to play rape the terrist. Why not, they probably won’t be back anyway? Link to comment Share on other sites More sharing options...
ChrisL Posted October 23, 2021 Share #20 Posted October 23, 2021 1 hour ago, Wilburger said: Gorda was the highest but all down the Big Sur coast according to a Times article I read. Demand is out stripping supply. OK that makes sense. An isolated stretch of highway so if you need gas in that area you don’t have many options and it’s a ways to a larger city. They can gouge you. Most of us in Cali are paying around $4.25 a gallon. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted October 23, 2021 Share #21 Posted October 23, 2021 12 hours ago, sheep_herder said: You do realize, I was just referring to bacon, and other agriculture products. Of course you did, but you just took the opportunity to rant as usual. Maybe you need a nap. I agree. But the OP was 1) inflation, 2) bacon, and 3) gasoline. IOW, we're seeing 20, 30, or even 50%(!!!!) increases in investment accounts. To complain about inflation and food & fuel costs is sort of focusing on the negative and ignoring the positive. Again, just trying to level out the outrage or fear that the end is near, and bacon is gonna be too expensive for folks. Or gas is gonna be too expensive for folks to drive. Or inflation will be so rampant it wipes out folks savings. The world isn't all rosey or all doom & gloom. Link to comment Share on other sites More sharing options...
sheep_herder ★ Posted October 23, 2021 Share #22 Posted October 23, 2021 2 minutes ago, Razors Edge said: The world isn't all rosey or all doom & gloom. That is true for most things, but most folks like to argue the extremes rather than deal with the gray areas. Probably should stop now, rather than get political. Link to comment Share on other sites More sharing options...
Wilbur ★ Posted October 23, 2021 Author Share #23 Posted October 23, 2021 2 minutes ago, Razors Edge said: I agree. But the OP was 1) inflation, 2) bacon, and 3) gasoline. IOW, we're seeing 20, 30, or even 50%(!!!!) increases in investment accounts. To complain about inflation and food & fuel costs is sort of focusing on the negative and ignoring the positive. Again, just trying to level out the outrage or fear that the end is near, and bacon is gonna be too expensive for folks. Or gas is gonna be too expensive for folks to drive. Or inflation will be so rampant it wipes out folks savings. The world isn't all rosey or all doom & gloom. The vast majority of people that inflation has a big impact on are not the ones who have investment savings. Lower income folks really get hit hard. Inflation is way outpacing salary growth. 1 Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted October 23, 2021 Share #24 Posted October 23, 2021 Just now, Wilburger said: The vast majority of people that inflation has a big impact on are not the ones who have investment savings. Lower income folks really get hit hard. Inflation is way outpacing salary growth. I get that for sure. But that's a big challenge - income disparity and the wealth gap and an assortment of other inequality issues. Inflation due to the crazy supply chain bottlenecks, labor shortages, and likely pent-up spending will hopefully be a short term jump on the long term timeline. If we know anything about the past few years, they are anything but "normal", so the impact can be real, but will it be prolonged or temporary? But, yes, the poorest and most marginalized are ALWAYS the hardest hit by anything bad, and the least rewarded by anything good. And so the world turns Link to comment Share on other sites More sharing options...
MoseySusan Posted October 23, 2021 Share #25 Posted October 23, 2021 34 minutes ago, Wilburger said: The vast majority of people that inflation has a big impact on are not the ones who have investment savings. Lower income folks really get hit hard. Inflation is way outpacing salary growth. WtAF! @Wilburger with a Progressive talking point. The Universe is kind, today. 1 1 Link to comment Share on other sites More sharing options...
shootingstar Posted October 23, 2021 Share #26 Posted October 23, 2021 13 hours ago, Wilburger said: Probably because crossing the 49th drives prices up significantly. Gotta pay for that free medicare. This may be true and I've never complained paying my taxes to include this. The cancers in my family, etc. have proven personally to me how critical it is we don't have a health care system that stresses people into financial bankruptcy, illogical bills/wrangling with private insurers too often. 13 hours ago, sheep_herder said: Shootingstar, why sad? 3 pounds for $14.50 is pretty dang good. I guess I don't buy bacon here in Canada or anywhere for home. Sheepherder, absolutely true the producers don't get paid as much as those further into the supply/processing side. I saw the invoices dearie's son's store dealt with the small farmers ... the price rose alot by the time was cut and displayed in butcher shop. Fresh produce prices are noticeably more in the winter. But it happens every winter wherever one lives with several months of snow. Admittedly food/groceries, is one area I've never worried much about cost, partially because don't buy much meat since I've lost some interest in eating much meat over the past 20 yrs., hardly buy processed food..and probably I can/do cook in stripped down recipes occasionally (because sometimes I'm just lazy), and it still tastes fine, nutritious. Link to comment Share on other sites More sharing options...
Wilbur ★ Posted October 23, 2021 Author Share #27 Posted October 23, 2021 1 hour ago, MoseySusan said: WtAF! @Wilburger with a Progressive talking point. The Universe is kind, today. Being a fiscal conservative doesn't mean you don't recognize the plight of the common man. Admittedly, I am closest fit to a Libertarian than anything else but as a Canadian, we all start out as Classic Liberals. Link to comment Share on other sites More sharing options...
MoseySusan Posted October 23, 2021 Share #28 Posted October 23, 2021 Just now, Wilburger said: … the plight of the common man. No worries, pinko. Link to comment Share on other sites More sharing options...
Wilbur ★ Posted October 23, 2021 Author Share #29 Posted October 23, 2021 3 minutes ago, MoseySusan said: No worries, pinko. Hey, don't bitter the universe. 1 Link to comment Share on other sites More sharing options...
MoseySusan Posted October 23, 2021 Share #30 Posted October 23, 2021 7 minutes ago, Wilburger said: Hey, don't bitter the universe. Good point, brother. Link to comment Share on other sites More sharing options...
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