Home Forums Wealth Grocery Prices will continue their rise unabated.

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    • #13398
      BigBalls
      Participant

      You were horrified by  egg prices? Get ready, it’s gonna get a lot worse at the pump and grocery store.
      Tariffs, fertilizers and fuel price increases due to the Iran war will continue to make things worse. Beef prices are now at record high prices with no relief in sight. Enjoy your switch to Alpo.
      As long as the stock market keeps climbing all I gotta say is, “ Let them eat cake”.
      https://finance.yahoo.com/economy/articles/americans-pay-even-more-grocery-101500316.html

       

      • This topic was modified 1 month, 2 weeks ago by BigBalls.
    • #13401
      Daystalker
      Participant

      I have noticed that the cheap cuts of beef are the ones that have risen the most, which I do not buy.  Not because it is beneath me, just that I don’t typically cook “chuck eye” or similar priced cuts due to the amount of prep time and marinade you have to use in order to  get it to taste good.  I’d rather not use anything but SPG and call it a day.  My one guilty pleasure is to fire up a ton of carne asada and Pollo while cranking tunes and sipping beers, the beef is now 10 bucks a pound, so I only buy like 5 pounds each trip and add more chicken to keep the kids from starving.

      • #13424
        BigBalls
        Participant

        Same here, summertime is grilling time. About the only time I cook is in the summer. Some CCR on the speaker, carne asada, some nicely marinated chicken, Korean ribs, corn.  A jump into the pool every now and then. Damn. Fun, fun. High prices will not hijack my summer.

      • #13426
        Daystalker
        Participant

        It is illegal to grill without Tom Petty mixed into the rotation.

        • This reply was modified 1 month, 2 weeks ago by Daystalker.
      • #13428
        BigBalls
        Participant

        100%.

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    • #13405
      RWC
      Participant

      Will this possibly get like Germany in 1923?  🤪
      At its worst the inflation rate reached 32,400% with prices doubling about every 4 days and the exchange rate reaching 4.2 trillion marks to 1 US dollar.

      Absolutely crazy but true. Money became so worthless people needed wheelbarrows to carry the cash just to buy groceries. Starting to feel like that now going to the market.

      Of course the main cause was printing massive amounts of money to pay huge reparations because of the war. (Treaty of Versailles)

      That would have been a hell of a time to be a currency trader.

      • #13425
        BigBalls
        Participant

        lol, can you imagine? No we won’t see Germany post WW1 inflation. Inflation is heading in the wrong direction though. That means no rate cuts. My mortgage origination business has been dead for three years. Used to be my best business. Rates are damn near getting 7%. Ouch. The economy is resilient though,  people are working and corporate profits are strong. The real estate crash and stock market crash the YouTube bros have been predicting for 5 years now is still a long ways away.

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