POLITICS Inflation /General Finance Insanity

Built into this question is an assumption of linear responses and steady states. It doesn't work like that. Demand responds to conditions and price. Having affordable/cheap something leads to more people using it which leads to a pinch and prices going up. It is a global market and a growing population.

One can argue to open up ever more supply, but things are finite and there is a resource pyramid where even if there is plenty more supply, all the most affordable places to extract are the first to be used.

 

I’d say the uncertainty with regulations and ESG is driving the increase the most, due to future projects being delayed or canceled over the risk added.



A lot of countries will struggle with natural gas due to the supply of it not being where the demand is but that’s not an American issue and we’re the best positioned.

 

We were using more gas in 2019 but prices were lower. Is that correct?

https://www.google.com/amp/s/www.ma...t-remain-shy-of-pre-pandemic-level-2021-08-10

 

And Russia had not invaded ukraine. It is a global market, we don't have nationalized energy.

 

I was under the impression it was more price gouging than the Ukraine invasion at this point.

 

These are not mutually exclusive. You can have adequate supply but less competitive sources.

 

I don't disagree with that. How do we get these sources to lower their prices like they have in the past if they have adequate supply?

 

For the US, lift the embargoes on Venezuela and Iran.

 

Topic #1 makes me happy -

https://www.eidebailly.com/insights/blogs/2023/1/roundup-20230126

 

Wait, so the fair tax vote was a nothing burger dead-on-arrival? Why did someone want a vote on something so half baked and unsupported?

 

Campaign fundraising email.

 

NY strips are 15$ a pound. [uck fay] me I haven't priced red meat in a long time, but damn

 

What’s the grade of meat? I wouldn’t find that unreasonable for Prime, maybe a tad high for choice.

 

get a flatiron. One should be enough for you 4. No wasted meat. Cook to medium and slice it thin. Very tender. One will cost anywhere from $9-$15 depending on the weight. Not flank. Flatiron. I get it sealpacked at Kroger.

 

Man, I could get like 3 eggs for that.

 

if you like red meat, you better find a local farmer

 

Better be related to one or be willing to do potentially unnatural things.

 

Just a little slap and tickle should do it.

producers aren’t seeing the increase in prices for them. Just the inputs sky rocketing

 

Prices at the grocer are just now catching up to what a couple of places around here were charging five years ago. It's still better quality, but I told one guy at the local farmer's market that he shouldn't believe the hype. This ain't Nashville.

 

Most of the cost is in the processing. If we could get those issues solved it would dramatically change the game.

Now if you want 100% grass fed and finished, you’re going to have to pay more due to the time increase