patrick.net

OkDOGEisAmountingToSomething says

This is down the street from us in Panama City Beach, and is around $18 for a hardy breakfast of steak, 2 eggs, coffee, etc
.



.

Patrick says

https://billricejr.substack.com/p/mcflation

In 2014 the hourly wage for a crew member in Panama City Beach at McDonalds was around $9

Now they are paying around $16 an hour for a crew member

There has been a lot of pressure (even outside of California) to pay more for fast food crew members

Also remember up to 2014 there was the $5 foot long Subway sandwich ? how much is it now ? a Subway footlong meatball sandwich was $5 now it is around $9.50 in Panama City Beach

.

AD says

Also remember up to 2014 there was the $5 foot long Subway sandwich ? how much is it now ? a Subway footlong meatball sandwich was $5 now it is around $9.50 in Panama City Beach

Same here in Virginia.

.

Will see if this leads to disinflation (lower inflation) or deflation, or worse with stagflation

*******************

https://www.marketwatch.com/story/walmarts-stock-dives-as-disappointing-outlook-offsets-an-earnings-beat-3215a1e8

Shares of Walmart Inc. were hit hard Thursday after the retail behemoth provided a disappointing earnings outlook, including a warning for the first year-over-year decline in quarterly profit in three years.

“The company’s guidance assumes a generally stable consumer and continued pressure from its mix of products and formats globally,” Walmart said in a statement.

The downbeat guidance offset beats in profit, sales and same-store sales for the fiscal fourth quarter through January, and a 13% hike to the company’s dividend.

The stock
WMT

-6.30%
dropped 6.6% in morning trading. The selloff, which comes four days after the stock closed at a record high, put the stock on track to have its worst day since it lost 8.1% on Nov. 16, 2023.

The weakness was also weighing on shares of some of Walmart’s rivals, as Costco Wholesale Corp.’s stock
COST

-2.40%
fell 2.2% and Target Corp. shares
TGT

-1.83%
shed 1.1%, to underperform the S&P 500 index’s
SPX

-0.70%
0.8% decline.

The latest University of Michigan consumer sentiment survey released Friday showed headline sentiment extended its early-month decline, sliding nearly 10% from January to a reading of 64.7. Pessimism over the inflation outlook drove February's final read lower as one-year inflation expectations jumped to 4.3% from 3.3% last month.

While this was on par with February's preliminary read, it marked the highest reading for inflation expectations since November 2023. It also marked two consecutive months of "unusually large" increases, according to the release.

Just remember boys and girls - the price of gold is a leading indicator of inflation. Gold is way up in the last few months, so hang on, it'll be a wildly inflationary ride this year.

Eric Holder says

The latest University of Michigan consumer sentiment survey released Friday showed headline sentiment extended its early-month decline, sliding nearly 10% from January to a reading of 64.7. Pessimism over the inflation outlook drove February's final read lower as one-year inflation expectations jumped to 4.3% from 3.3% last month.

Welcome to the Biden Recession

.

AD says

Welcome to the Biden Recession

New data released earlier on Friday showed that economic output tumbled in February to its lowest overall reading in 17 months. A drop in services sector activity drove the decline. S&P Global Services PMI fell to 49.7 in February, from 52.9 in January, a 25-month low.

All three major indexes were trading in the red Friday afternoon.

“The upbeat mood seen among US businesses at the start of the year has evaporated, replaced with a darkening picture of heightened uncertainty, stalling business activity and rising prices," S&P Global Market Intelligence chief economist Chris Williamson said in the release. "Companies report widespread concerns about the impact of federal government policies, ranging from spending cuts to tariffs and geopolitical developments.

"

AD says

Eric Holder says

The latest University of Michigan consumer sentiment survey released Friday showed headline sentiment extended its early-month decline, sliding nearly 10% from January to a reading of 64.7. Pessimism over the inflation outlook drove February's final read lower as one-year inflation expectations jumped to 4.3% from 3.3% last month.

Welcome to the Biden Recession

.

Makes no sense: the indicators are for expectations and the only thing expected from Potato at this point is another soiled diaper.

RWSGFY says

Makes no sense: the indicators are for expectations and the only thing expected from Potato at this point is another soiled diaper.

Potato Head Biden's administration created the conditions to lead to economic slowdown for at least the next 6 to 12 months.

.

Gas is up because demon rats killed all chickens.

“I will immediately bring prices down starting on Day 1” -- DJT on Aug. 15, 2024

“Starting the day I take the oath of office, I will rapidly drive prices down.”-- DJT on Aug. 17, 2024

“Inflation is back....I’m only here for two and a half weeks ... I had nothing to do with it.” -- DJT on Feb 25, 2025

Anyone who thought “HE” was going to have the effect of immediately bringing the prices on things down is delusional.

.

The most used annual inflation data is to be released tomorrow. I hope it is not more than 2.8% for annual inflation. Its Biden recession for any bad news at least for the next 12 months.

https://www.bea.gov/data/personal-consumption-expenditures-price-index

.

ForcedTQ says

Anyone who thought “HE” was going to have the effect of immediately bringing the prices on things down is delusional.

Well, this includes "HE", because he cleraly promised exactly that. Several times. On video.

zzyzzx says

Those must be the IKEA fill-your-own version.

.

Annual inflation reported today as 2.5%, down from 2.6% from last month

Annual inflation has remained below 3% for the last 12 months , so technically the 10 Year Treasury should remain below 4.5% and the 30 Yr mortgage rate should remain below 6%

Right now the Fed Funds rate is around 4.5% so the Fed should lower it to 4% as that gives them plenty of safe margin

https://www.bea.gov/data/personal-consumption-expenditures-price-index

.

Got a size reference:

Because food is so expensive now:

Donnie in August 2024:

‘When I win, I will immediately bring prices down on Day One.’

Now:

Egg prices, up 53%, have reached record highs, with prices as high as $10 per dozen in some parts of the country. In New York, bodegas are selling single eggs.

On Sunday on Truth Social, Trump shared a column by MAGA mouthpiece Charlie Kirk, demanding that Americans “Shut Up About Egg Prices.”

So the plan is to tell everybody to STFU? That solves it!

RWSGFY says

So the plan is to tell everybody to STFU?

No, just be patient as prices for eggs will fall as chicken breeding replenishes the kill off. I guess the detractors better squawk now while they have the chance.

.

Bloomberg is trying a major scare tactic as far as convincing people that food prices will significant go up, which affects most the working class and poor

https://www.msn.com/en-us/money/other/ar-AA1AFX1d

I go to Aldi (which is about 5 to 10% cheaper than Walmart) and I can't see how prices go up (unless gas prices go up) as the products are American made.

I don't buy food products from Mexico or Canada at these stores.

.

HeadSet says

RWSGFY says
So the plan is to tell everybody to STFU?

No, just be patient as prices for eggs will fall as chicken breeding replenishes the kill off. I guess the detractors better squawk now while they have the chance.

I was thinking about eventually buying 100 shares of Cal-Maine Foods Inc, by selling a secure put for $60 strike 15 August 2025.

.

Factcheck: true

https://ground.news/article/us-inflation-fell-more-than-expected-to-28-in-february_23bd36

U.S. inflation decreased to 2.8% in February, down from 3% in January, according to a report from the Labor Department.
Core inflation fell to 3.1%, marking the lowest level since April 2021, as noted by FactSet.

Patrick says

Factcheck: true

https://ground.news/article/us-inflation-fell-more-than-expected-to-28-in-february_23bd36

U.S. inflation decreased to 2.8% in February, down from 3% in January, according to a report from the Labor Department.
Core inflation fell to 3.1%, marking the lowest level since April 2021, as noted by FactSet.