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Prices $oaring in the US under Trump

Discussion in 'Too Hot for Swamp Gas' started by citygator, Jan 23, 2025.

  1. danmanne65

    danmanne65 GC Hall of Fame

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    the republicans control the house, the senate and the presidency. What are they waiting for?
     
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  2. channingcrowderhungry

    channingcrowderhungry Premium Member

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    They're going to get to it right after they pass their health care bill from 2016
     
  3. citygator

    citygator VIP Member

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    The definition of a recession is contraction. I wont be surprised to see high unemployment, lower prices, and contraction of economic output. Hopefully that doesn't occur, but lowering of prices is never good.
     
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  4. surfn1080

    surfn1080 Premium Member

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    On many products they are. Europe has had tariffs on US products for a while.

    Anyhow let’s have an adult conversation.

    The issue was supply since the industry lost millions of chickens.

    The question is, even at a higher price from importing eggs, would it lower the prices here since the supply issue would not exist.
     
  5. mdgator05

    mdgator05 Premium Member

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    Considerably less than we have on their products. The EU imports 347 Billion Euros in products, while collecting about 3 Billion Euros in tariffs, meaning that the average import to Europe has far less than 1% tariff into Europe.

    Sure. Start by not making ridiculous claims and we can go from there.

    Yep.

    Huh? People import products because they are better, lower priced, or both.
     
  6. Tjgators

    Tjgators Premium Member

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    First in 4 months
     
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  7. surfn1080

    surfn1080 Premium Member

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    Wow where do you live??
    I never had prices that low. I typically buy range free which was $11 per 18 a few months ago. Just bought some for $8 the other day.

    Are you just going to ignore the increase on prices that happened under Biden? Just what you paid a couple of years ago

    Geesh you all are helpless here.

    Anyhow, back to laughing at the ridiculous comments you can find here.
     
  8. OklahomaGator

    OklahomaGator Jedi Administrator Moderator VIP Member

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    Average price per dozen, Grade A Large Eggs
    Updated every 12 hours • Sources: Bureau of Labor Statistics (APU0000708111) and USDA with minimal processing by EggPrices.org
    Quick Insights
    Select time period for data displayTime period
    Current Price


    $5.51

    / dozen
    as of March 2025

    Average Price
    $3.28

    / dozen
    selected period

    Highest Price
    $8.17

    / dozen
     
  9. citygator

    citygator VIP Member

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    Eggprices were $2.03 October 2023. I am just having deja vu on gas prices... they went up (Its AlL bEcaUse BiDeN hAtes oIL!) then they went down (tHey wEre $2 A GaLlOn UnDer tRuMp.. during covid). Normal humans know that egg and gas prices are President agnostic unless Trump tariffs them. I do love the claim that Trumps policies are working now though. When prices shoot up around Easter I am going to be wondering if his "policies" are still working.
     
  10. G8trGr8t

    G8trGr8t Premium Member

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    When you collapse demand prices drop.

    Reminds me of MAGA parroting cheap gas while covid was locking down the country and nobody was driving.
     
  11. citygator

    citygator VIP Member

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    22% of America think Trump is on the "right track" on pricing.

    Three in five Americans say the cost of living is going in the wrong direction | Ipsos

    The latest Reuters/Ipsos survey shows that many Americans remain pessimistic about the direction of the country generally. Most Americans do not believe that Ukraine started the conflict between Russia and Ukraine, and most do not agree with the isolationist sentiment that Ukraine’s problems are none of our business. A majority of Americans support the general idea of downsizing the federal government, but many do not support the current policies and policy proposals that are being floated to do that.

    [​IMG]
     
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  12. channingcrowderhungry

    channingcrowderhungry Premium Member

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    Tangentially related, 28% of adults can't do math. I assume the overlap is significantly high

    https://www.aei.org/education/can-a...our US,perform basic addition and subtraction.
     
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  13. duggers_dad

    duggers_dad GC Hall of Fame

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    Time to change the thread title I guess.

    Lowering prices are great for people who can’t afford to buy a home.
     
  14. citygator

    citygator VIP Member

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    Crashing the economy is good for prices, bad for employment, bonuses, wages, tax revenue, and everything else.
     
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  15. OklahomaGator

    OklahomaGator Jedi Administrator Moderator VIP Member

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    Current Egg Prices - $7.68 per dozen
    Current Price
    $5.18

    / dozen
    as of March 2025

    Average Price
    $3.28

    / dozen
    selected period

    Highest Price
    $8.17

    / dozen
    reached March 2025
    Egg prices continue to drop, current price is down to $5.18
     
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  16. demosthenes

    demosthenes Premium Member

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    Nearly 80% of my annual comp is tied up in two bonuses. Not expecting to hit them because of Trump now. February was a terrible month for us but sometimes the summer months are such that they carry us for the year. We shall see.
     
  17. G8trGr8t

    G8trGr8t Premium Member

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    well he said he was going to bring prices down. when 10% of the country is out of work with no safety net, prices will be real low.
     
  18. G8tas

    G8tas GC Hall of Fame

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    Eggs were cheaper under Diamond Joe
     
  19. citygator

    citygator VIP Member

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    I've had 3 record years of earnings and bonuses. Not expecting a 4th. We cut expenses, slightly reduced staff, and pushed out some capital spend recently anticipating a tough slog. Hopefully that doesnt happen but looks like the stock market reflects nearly everyone thinking that a bumpy road approaches. If many companies cut back like us that will just kill the GDP and economic growth. Again, hope it doesnt.
     
  20. demosthenes

    demosthenes Premium Member

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    Yeah, we’ve had three killer years leading up to this too. Our company’s OI has been eye watering, especially last year.


    I realize I made a misstatement in my prior post. My bonuses are nearly equivalent to 80% of my base comp, not 80% of my comp. Fortunately, unlike some in my position, I only budget based on base comp and never expect to hit bonuses (despite always hitting them). I don’t have to stretch with exec level comp but I know some people in my comoany budget based on earning bonuses. Seems crazy.
     
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