Australian (ASX) Stock Market Forum

Inflation

What do we all think of inflation at the ground level? To be honest I'm not seeing any accelerating inflation in the last few weeks and my area of the economy.

... Notwithstanding the totally ridiculous inflation in home building costs.

I've put prices up because I can and I can tell you it is well above the rate of inflation... But it is pretty much catch up.
Wayne I've just finished a fencing quote and because "I can" also put up the metre rate by about $5, knowing full well that the opposition, of which there isn't much, will still be a lot dearer than me.
It's got to the point if you want to keep the kangaroos out of your block then this is the price.
Some may say it is greed, but I call it catch up from th past coupke of years.
 
Some may say it is greed, but I call it catch up from the past coupke of years.
yes , i remember a time when a 5% ( but calculated differently ) annual rise was considered normal , and even desired as 'healthy growth '

times and definitions have changed
 
What do we all think of inflation at the ground level? To be honest I'm not seeing any accelerating inflation in the last few weeks and my area of the economy.

... Notwithstanding the totally ridiculous inflation in home building costs.

I've put prices up because I can and I can tell you it is well above the rate of inflation... But it is pretty much catch up.
It kind of depends but one thing I've noticed is how ridiculously expensive food (not necessarily supermarket, but just going out for a meal) has become.

Not only have prices gone higher but the much more significant difference (that I've noticed, at least) is that portions have shrunk dramatically.

I'm now having to order double serves of almost anything in order to actually get fed properly - and this is not at wanky expensive places, I'm talking everyman pub food, burger joints, kebabs etc etc.
 
It kind of depends but one thing I've noticed is how ridiculously expensive food (not necessarily supermarket, but just going out for a...
- from the ignorer rant.

As the dedicated shopper in our cooperative, it seemed prices ran hard 6 -12 months ago, in the shops but especially in pubs, restaurants, take-away outlets. Some price stability now, but no going back, especially if the consumer is accepting the new normal.

It has taken a while for the inputs; wages, food, goods, supply chains, to feed into the stats. As end users, we either accept it (collectively, there are savings from covid days) or adjust the price point entry.
 
It kind of depends but one thing I've noticed is how ridiculously expensive food (not necessarily supermarket, but just going out for a meal) has become.

Not only have prices gone higher but the much more significant difference (that I've noticed, at least) is that portions have shrunk dramatically.

I'm now having to order double serves of almost anything in order to actually get fed properly - and thiris is not at wanky expensive places, I'm talking everyman pub food, burger joints, kebabs etc etc.
Yeah, but all the rises were some time ago in my usual foodie haunts and yes they were steep.

Seems more stable recently... unless I've gone price numb or something.
 
well NZ did hike fairly hard this month , maybe they are leading the way
Maybe, but probably not.

Reporting season is underway in the US. TSLA has had a miss. ASML & TSMC are still reporting poor expectations. Disney now planning for more layoffs.
Also there's the impasse on the debt ceiling...

And then US CPI numbers out next week too!
 
NZ inflation turning a corner, now posting 6.7%. Peak of 7.3% in July 2022!
Hello @waterbottle

The inflation peak could well have been contributed to an inordinate amount of boxes of tissues being purchased in NZ due to the loss by the All Blacks in Dunedin and Wellington in Rugby Union test matches against Ireland. ha ha ha ha ha

Have a very nice evening.

Kind regards
rcw1
 
Also there's the impasse on the debt ceiling...
most likely theatre with a dose of political blackmail , with the GoP trying to look strong without forcing the nation into a default , every chance of various back-door deals included in the bill , knowing there is a Presidential election next year

the GoP can't risk losing seats in either house just in case a Republican President is elected ( remember some GoP hate Trump as much as the left does , so being too tough on the debt ceiling leaves extra chances for populist Republicans or 3rd party candidates , however i do have a strategy just in case of a total impasse

i suspect a last-minute bill full or 'earmarks ' for stuff the voters would never agree to ( it has happened before several times )
 
most likely theatre with a dose of political blackmail , with the GoP trying to look strong without forcing the nation into a default , every chance of various back-door deals included in the bill , knowing there is a Presidential election next year

the GoP can't risk losing seats in either house just in case a Republican President is elected ( remember some GoP hate Trump as much as the left does , so being too tough on the debt ceiling leaves extra chances for populist Republicans or 3rd party candidates , however i do have a strategy just in case of a total impasse

i suspect a last-minute bill full or 'earmarks ' for stuff the voters would never agree to ( it has happened before several times )

I agree, it's likely theatrical, although the US has defaulted in the past....

In other news, more articles starting to appear about recession talk and that the market has yet to bottom. This one at least has some stats


And also, more signs that the consumer is having trouble. TSLA failing to sell cars. Now AmEx with a profit miss of 13%!

 
to my eyes i see amazing warning flags of trouble , and yet the market stays ( apparently ) strong , now i am assuming the PPT is subtly keeping the market up ( maybe with options ) or late buying , but i watch and wonder if this is still the famed wall of worry ( i wasn't interested in the market before 2010 , so i have only read about this stuff ) , but the market defies gravity even when the 'velocity of money ' is slowing
now the ASX gets regular injections via compulsory super , but is that all it is holding up the market ( compulsory buyers and very few genuine sellers )
i assume regular buying of passive index funds achieve the same steady inflow in the US markets ( while the smart-money trickles out the side-door )
 
Surely nvda is a screaming short. Just because AI is hot right now doesn't justify that value.
Or am I missing something?
am a bit out of touch with chips but did Nvda ever get around to making CPUs ??
if yes they should be doing OK despite the threat to cryptos
if no , keep an eye on Japan and China US sanctions will reap their own bitter harvest
 

Why is it that when they become non-voting members they suddenly become more hawkish?
pressure from elsewhere removed , perhaps ??

much the same as SOME ex-ministers and ex-department heads suddenly become doyens of reality and pragmatism

i have seen even small sporting clubs , bullied into consensus ( despite the lack of wisdom displayed by the decision implemented )
 


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