Prices tend to rise over time. There are only a few ways for prices to decrease: cheaper labor, productivity gains, a drop in demand, or improved technology. It's unlikely that we'll see advanced technology for eggs soon, nor a significant drop in demand, or increased productivity from chickens. This leaves cheap labor as the primary factor, though it's currently trending upward rather than downward. Still, this could change over the next few years, especially with the potential for mass deportation. In the short term, natural events like bird flu could disrupt the market, causing prices to spike temporarily before stabilizing. Agree that want to see wage growth to keep up with standard inflation.
Drill baby drill? Tax cuts, spending cuts, unshackled small businesses. Interest rates drop will soon follow and the good times will be back? He did it before why can’t he do it again? Were you here in America when Trump was president?
Bwahahaha! I visited my nephew in Portland last year. He teaches HS English and a flaming liberal. Now that I remember his also liberal wife did ask about the chicken when we went out to eat. Lol
Joe Biden has granted more oil drilling permits than Trump ever did- https://subscriber.politicopro.com/...il-drilling-permits-outpace-trump-ee-00138376 And in his first term Trump added a significant amount to the deficit that outpaced any spending cuts he did, so I'm incredulous there Interest rates should be dropping soon anyway, inflation has slowed down significantly. I've heard they'll likely be cut in September. I've lived in America my whole life. My wage growth in the last 3.5 years has significantly outpaced inflation, I'm significantly better off financially now than I was when Trump was president even if eggs cost a dollar or two more. I don't necessarily attribute that all to the president because it's a lot more complicated than that, but I think it's funny for you to ask me if I lived under Trump like I should think somehow things were all fuzzy rainbows back then
Tax cuts for the top 1%, a new 10% tariff on imported goods, and more conservative federal judges should do the trick!!! Cuz that is all he has got. ETA: If Trumps gets elected, within the first week of office Trump will announced that he solved inflation, immigration, Ukraine, et al just by his very being. Trump exists; thus, there are no problems.
Hey don’t try to convince me that life is great under Biden. For some people for sure, but the majority of America disagrees with you. If the economy were the way that you portrayed it to be for you, Biden would win his re-election in a landslide. Remember, it’s the economy stupid! As far as those oil drilling permits, it’s a shell game man. I’ve got lots of friends in the oil and gas industries in TX and they all said the same thing. Under Trump they were doing well and when Biden took office, it was just like 8 years under Obama again. Everything is becoming harder again. I ain’t gonna believe in some BS Politico article or directly from this administration. I relied on my friends and fellow RE investors from the oil and gas industries.
Currently the annual inflation rate is 3%. MAGA in general don't understand deflation is a death knell to economies. Prices aren't going to go back to where it was. If it were, we'd have much bigger problem than egg prices. The "Muh eggs!" people just don't understand. Stabilizing inflation to 3% is the best case scenario. Not too hot, not too cold. It's the goldilocks inflation rate. Side note: US GDP rose 2.8% in Q2. Pair that with the 3% stabilized inflation- this means we were able to avoid the major recession we were all afraid of.
Inflation has already dropped to a lower level than when he was in office. In fact last month is was negative. Don't look at the 12 month average.
You forgot one crucial factor in lowering inflation: high energy costs. If we had the costs of energy like we had under Trump, everything will be less expensive to make or to transport and hence prices of everything will come down.
Netanyahu just said this about the protesters holding up signs that say “gays for Gaza”. They might as well holding up this sign “chickens for KFC” too. Lol
Maybe I am just insensitive to the price, but I feel like gas has been around $3-3.50/a gallon for years now. And was that high even when Bush was president.
Energy costs certainly play a part. I don't know how much egg prices depend on energy costs, but I'm guessing labor costs are probably much more significant. Today, energy cost is a bit higher. Ballpark ~$80 now versus ~$60-$90 under Trump (2017-2021), excluding the pandemic shock. Historically, we have seen much lower prices of $20-$60 (90s-2000) and higher prices of $100-$160 (early 80s, 2009-2015). I don't recall energy cost having a significant impact on egg prices. The most significant impact has been supply shocks (bird flu outbreaks). A labor shortage shock would also have a very significant impact on pricing. Energy (using crude oil prices): https://www.macrotrends.net/1369/crude-oil-price-history-chart
Because the powers that be have factored in Trump winning in November. amirite? Same thing with Stock Market.
What you’re failing to realize is: prices have gone up everywhere and there is no “stabilizing”. As soon as stabilizing seems certain, BAM!, a punch to the gut arrives. When you allow the government to control everything, you become part of the machine. There’s a song about it by Pink Floyd. Stupid does what stupid tells you to do. That’s a vast majority of our population, unfortunately. A bunch of men that sit to piss and can’t think for themselves.
I was here when Trump was president. We have more energy production now than under Trump. Tax cuts will raise inflation and government spending didn’t decrease under Trump. Presidents tend to to not have much control over inflation and while yes government spending can affect inflation so does anything that increases the amount of money circulation in the economy like tax cuts.
