US Core inflation level lowest in 3 years

Depends on where you’re at. It’s still close to 3 near me.

FTR I’m not saying things are terrible. But posting a sale price on a piece of meat that Publix does every year really doesn’t support any particular economic plan.

The deficit sure isn’t looking so hot right now.

 

If that was his intention I missed it.

 

Good news today with interest rates staying the same. The fed likes where the economy is at.

 

It will be some of all of the above. Energy storage is desperately needed to capture the full potential of wind and solar. Gates is already working on the nextgen nuclear plant that can be scaled down and replicated/mass produced. No more individual, custom design for every plant. build it in modules, shipt it out, bolt it together, plug it in type stuff

New types of geothermal are coming with this prototype now up and running. Just another benefit of the tech that brought the US massive increases in oil and nat gas production. drill down to find hot rock, drill sideways through hot rock, drill up back to surface, run water through hot rock and use that to generate steam to power turbine in a closed loop system.

What happens if we suck a lot of heat out of the crust of the planet?

A New Type of Geothermal Power Plant Just Made the Internet a Little Greener | WIRED

Project Red is small—producing between 2 and 3 megawatts of power, or enough to power a few thousand homes—but it is a crucial demonstration of a new approach to geothermal power that could make it possible to harness the Earth’s natural heat anywhere in the world.

Hot rock is everywhere, with temperatures rising hundreds of degrees Fahrenheit within the first few miles of the surface, but geothermal plants provide just a small fraction of the global electricity supply. That’s largely because they are mostly built where naturally heated water can be easily tapped, like hot springs and geysers. Hot water is pumped to the surface, where it produces steam that powers turbines.
...........................
The Nevada site, an “enhanced” geothermal system, or EGS, works differently. Instead of drilling into a natural hydrothermal system, Fervo dug into rock that is completely dry and effectively created an artificial hot spring by pumping down water that returns to the surface much hotter. That strategy piggybacks on hydraulic fracturing techniques developed by the oil and gas industry. Fervo drilled two wells that each extended more than 7,000 feet down before turning fully horizontal. It then connected them by fracking, producing cracks in the rock that connected the two boreholes. Water enters one borehole cold and exits the other at a temperature high enough to drive turbines and generate power.

Fervo announced that its experiment had been a success this summer after a monthlong testing period that saw temperatures at the bottom of the boreholes reach 375 degrees Fahrenheit (191 C) and enough water torrenting through the system to produce an estimated 3.5 megawatts of electricity. Those operational figures have held relatively steady since then, according to Fervo CEO Tim Latimer, suggesting the project was ready to be plugged into the grid for the long haul. The Nevada wells were drilled close enough to a traditional geothermal power plant that the project can use existing turbines and power lines to deliver electricity to the grid.

 

wow. pissed that it is still over $3 in SW Fl. WTH

 

It goes on sale every Christmas holiday and it was 5.99 last year. Doh!

I suggest you don't try and compare prices of Boarshead turkey from last year either.

Seriously, high inflation seems to be alive and well in the grocery store. Although I see it falling nicely on other products and services. Glad for that.

 

Food at home is up 1.7% over the last 12 months. Major categories that have seen decreases over that period: pasta and cornmeal, bacon, breakfast sausage, ham, lunchmeats, fresh and frozen chicken parts, fresh fish and seafood, processed fish and seafood, frozen fish and seafood, eggs, milk, cheese, apples, lettuce, tomatoes, dried beans, peas, and lentils, roasted coffee, instant coffee, butter, and margarine.

Table 2. Consumer Price Index for All Urban Consumers (CPI-U): U. S. city average, by detailed expenditure category - 2023 M11 Results

 

Publix is ripping people off in a big way. I went to Aldi out of curiosity and bought a bag of apples for 3.49. The SAME bag was 6.99 at Publix.

Obviously they have different overhead prices but that was nuts. Greedflation is a thing. Plus, they figure if you buy Boarshead you’ll pay the higher price.

 

It’s amazing to me how he’s always held out as a paragon of the Presidency by conservatives.

 

Not that it matters for me but it’s $3.70 here.

 

Seattle?

 

Yeah, but you have to dig through 5 of those Aldi bags of apples to find a single apple that's not rotten. Produce there is abysmal. Get what you pay for.

 

Well, as the old saying goes, there are lies, damned lies, and then there are statistics (I believe Mark Twain popularized it, but I think it predates him). And these particular statistics appear to be particularly nefarious, since they no longer say what they were supposed to have said, yesterday. Apparently it shows that the wages have risen above inflation of late; exactly the opposite of what it was supposed to say. Or to quote the great Homer Simpson: Doh!

Hell, I bought every ounce of that one, paid in full, cash money. Go nuts. Get your licks in. Make it count. Don't hold back. Make me proud, City.

 

Most of Publix bagged apples go on sale for bogo. I buy bagged apples because they are smaller and are great for snacking. Just have to wait to see which ones are discounted.

I also buy Boarshead meats at Publix. I think the overall quality of produce, meats, etc. are better at Publix. Aldi has some good frozen veggies and seafood.

Publix is convenient as they are close by and they have a pharmacy. Their service is excellent and the stores are clean and well stocked. I’m a Publix kinda guy.

 

Laptop class probably not feeling it as much …

Inflation In Real Life Much Worse Than In Government Fantasy World | ZeroHedge

 

Markets are happy.

 

Some people are so tone deaf that they need a visitation from the Ghost of Christmas Present.

Is the fealty to the Biden administration (or fear of Trump) really that strong ?

 

Publix makes absolutely the best subs.