Article

2021-10-21 Economy

'Inflation Is Worse Than We Thought' and 'A Threat to Society'

[Townhall] The Biden White House has repeatedly tried to claim rapidly rising inflation on everyday items is "transitory" and a "high class problem."

But as the weeks tick by, the situation keeps getting worse, and inflation is showing no signs of slowing down.

CNBC host Jim Cramer said Wednesday the numbers are "astounding."

Posted by Besoeker 2021-10-21 03:35|| || Front Page|| [11126 views ] Top

#1 Bloomberg - Caribou Coffee Prepares for the Worst and Stocks Up on Supplies

“My gut tells me to hope for the best and to prepare for the worst. I personally don’t see any reason to believe that supply-chain disruptions are going to go away anytime soon,” Butcher said. “Everybody is in the same boat: They’re hopeful that things will improve by the end of 2022. But for now we have to prepare as though they won’t.”

Posted by Besoeker 2021-10-21 03:56|| 2021-10-21 03:56|| Front Page Top

#2 Week by week day by day supply issues have only increased. Vendors I have talked to say they have no idea what will be available. 100 case per-order and receive 25 cases. That is Pepsi and Coke is worse. Red Bull same and Sunshine (little Debbie) serious price increases and much less product to offer customers. Breads also a problem. Going to get much worse unfortunately.

Posted by Dale 2021-10-21 04:10|| 2021-10-21 04:10|| Front Page Top

#3 ...And it should be noted that the people who keep telling us that it's not a problem, or that we should lower our expectations, are the ones least likely to suffer from it.

For them, I present today's French lesson:

"Aux lanternes."

Mike

Posted by Mike Kozlowski 2021-10-21 06:06|| 2021-10-21 06:06|| Front Page Top

#4 "For want of a nail" time is coming...

Posted by M. Murcek 2021-10-21 06:48|| 2021-10-21 06:48|| Front Page Top

#5 Bread's also a problem

So, in an effort to forestall bread riots by American peasants, the admin of American Brezhnev will likely follow the command-economy approach. That means
- confiscation of private bank accounts
- confiscation of farmers' stores of grain
- price controls
- use of the military to go harvest potatoes
- relentless suppression of any media outlets' reporting on this fiasco

Posted by Merrick Ferret 2021-10-21 09:15|| 2021-10-21 09:15|| Front Page Top

#6 multiple problems are causing this

however, some of the problems are caused by bad policy

- green regs that have banned older trucks from serving ports

- labor laws that have banned gig work at ports

- covid vax rules forbidding labor from working

- unearned govt payments that reduce the incentive to work

Posted by Lord Garth 2021-10-21 10:45|| 2021-10-21 10:45|| Front Page Top

#7 ^ I heard anything truck over three years old but that can be waived by the ICC.

Posted by crazyhorse 2021-10-21 11:41|| 2021-10-21 11:41|| Front Page Top

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