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Margin maintainence bitchez!!
How else do you support P/E ratios of 5000x and massive insider sales? Move all jobs to China and pay those slaves $.0002 per day.
YOU MEAN THEY GOT A RAISE?!!??
THOSE BASTARDS ARE GETTING GREEDY!!!
Wait- did you see THIS?!
WTF IS GOING ON?!
Time to abolish religion! SAVE A BUCK! (or Drachma)
DOW is green. Nuff said.
You can always tell when they make the green squares out of Americans. Greasy mo fo's
And on a more thought provoking note: will the food retailers attempt to eat some of these increases in order to keep people visiting their stores? Or are their margins already too thin to help keep the populace in the dark any longer?
Isn't CNBC running a special this week about supermarkets? Here it is, Supermarkets Inc. tonight, Thursday 01-20-2011.
A year or so ago there was a story about supermarkets scamming shoppers by not resetting scanners for special sale prices. The advice was to compare prices after you checked out in case your store was cheating.
I always watch the numbers while the items are being scanned. About every second trip I find a problem, usually with something not scanning on "sale". While I might not remember every sale price I do remember exactly what should be on sale. And I always stop the checkout person when something doesn't look right.
My adult son paid me the best compliment the other day. When he was young he always dreaded going to the supermarket with me because I would fight over a quarter. And back then the scanners were wrong every trip on multiple items. But the other day he said to me "Dad, you're the last person I would want to be behind in the checkout line and the first person I would go to if I had a problem because I know you would fight to the end."
At least I told myself it was a compliment. :>)
It's a compliment, or at least it would be to me.
I always give fair warning to people who come up behind me in line. I've got a lot of coupons and a spreadsheet. I don't buy anything that's not on my list and I only shop from the sales circular, so I know what my total should be down to the penny.
Meanwhile Steve Liesman waits patiently for wage inflation - because that's "real inflation". Commodity prices are noise nothing more.
I gotta give to guys like he and Bernanke that can sit there with a straight face and tell me that the CPI is benign. Takes a large set of attachments to roll that bullshit out, and brass ones at that.
You give them too much credit. The brainwashed and evangelized don't believe they are lying, thus there is no emotional discomfort involved. Though Bernanke's last 60 Minutes appearance did show some cracks in the facade.
because in all other inflationary environments like Chile, Colombia, Argentina, Brazil, Mexico, Russia, Hungary, etc., wages ALWAYS caused the inflation...right? Oh no wait, they didn't
The MSM or it is LSM don't tell the average reader/viewer that food and energy are excluded from hte CPI. Therefore, the shoppers see the rise in food and energy and are confused, just as the MSM wants.
Certainly no threat of wage inflation with 20% unemployment...
My buddy in Arizona does desktop IT support...he got laid off recently and let me know that in looking for jobs, he found out that his job now pays about a third of what it did when he got hired 5 years ago. So yeah, Liesman's gonna be waiting a while...
Retail grocery has the thinnest margin and highest entry costs of almost any industry in the USA.
maybe so, but which is it? is the price going up or the value of the $$$ going down?
'Which is it'? LOL you cant be serious...or maybe you work at the FED?
I guess really, since the answer is both, it's a fair question.
Correct about the margins. So it's always about volume !! In SoCal, I have 13 grocery stores/warehouses within a 5 mile radius of my home. Each have been price cutting against each other for years and even more so recently. I suspect some will go bye-bye as the margins squeeze down further. With that kind of competition around, attentive shoppers know what to buy and where and when to go. And the self-bagging/no credit cards are the best in overall pricing. Like the gasoline business, the retail food market will have you pumping up your own bag and checking yourself out. They are only optional indoctrinating now.
Cereal and chips are the biggest ripoffs. I won't notice a price hike.
Johnny Guitar Watson Ain’t That A Bitch lyrics
Eew, Lord have mercy, I can't get ahead, no way I try Everything is out of pocket, somebody do somethin' The brother's situation is abstract, listen, mm
Listen I'm workin' 40 hours, six long days And I'm highly embarrassed ev'rytime I get my pay And they're workin' everybody Lord, they're workin' poor folks to death And when you pay your rent and your car Note, you ain't got a damn thing left
Ain't that a bitch - yes it is Somebody doin' somethin' slick - It's got me wonderin', which is which Might as well go uptown and dig a ditch Ain't that a bitch - yes it is - now ain't that a bitch
But let me tell you about my qualifications I program computers I know accounting and psychology I took a coarse in business And I can speak a little Japanese - Got to work two years to get one week off with pay And when I'm on my job, I better watch every word I say
Ain't that a bitch - ha ha, boy Somebody doin' somethin' slick - downtown It's got me wonderin', which is which Might as well go uptown and dig a ditch Ain't that a bitch - it's way too cold - ain't that a bitch Make me wanna holler
Ah Lord, Lord, Lord, have mercy to see Won't somebody please help me to see now, Lord I wanna play the guitar, come here guitar Aw, somebody doin' somethin' slick
Now listen at this Stopped at the supermarket to get myself somethin' to eat And when I looked at the prices, it knocked me off of my feet I was in the baloney section, and I had to take myself a close look Now Abdul Jabar couldn't have made these prices with a sky hook
Ain't that a bitch - he he, yes it is Somebody doin' somethin' slick - It's got me wonderin', which is which Might as well go uptown and dig a ditch Ain't that a bitch - hm - so ain't that a bitch
Oh, ain't that a -------- bitch Sure is somethin' slick goin' on, sure is somethin' slick Sure is somethin' slick goin' on, sure is somethin' slick Ain't that a -------- bitch Sure is somethin' slick goin' on, sure is somethin' slick Sure is somethin' slick goin' on, somebody sure is slick
Ain't that a -------- bitch Sure is somethin' slick goin' on, sure is somethin' slick Sure is somethin' slick goin' on, sure is somethin' slick Sure is somethin' slick goin' on, sure is somethin' slick Ain't that a -------- bitch Sure is somethin' slick goin' on, somebody sure is slick ....
This Goldman report does call to mind a recent piece I read indicating that the price per pound of dressed squid has dropped significantly over the past 24 hours.
Sheessse! Don't worry mon! The Bernank's got this! 100%. Guaranteed. In 15 minutes or less. Everything solved. 100% insolvent proof too! WOW!
Please, I beg of you, do whatever else you want. But leave my Mac and Cheese alone.
Noticed KFT mac & cheese, which has been around 2 for buck for ever, is now $1.43/box. Too late CD.
When I was in college....I lived on it......17 cents a box then...
When I was a student, I had a room above a Turkish Pitta restaurant and across the street there was a Illy coffee bar and next to it a Bar.
In those day it was my little universe :)
This means war. :>)
No kidding. It was the only thing making free-range alley cat palatable.
Whoever junked you is a moron. That was pee in me pants funny.
The only thing that has a chance of sparking the next American revolution is a threat to food supply.
As long as an American has a cheese burger in one had and the clicker in the other, their government can do what ever they want to them.
The last 4 years exists as proof!
you're right, pladdy.
so many people on here saying the pitchforks are out and such things as that but a pitchfork or two in a whole herd of bovine isn't very intimidating.
until the family's decision comes down to choosing between supper or the cable tv, ain't nothin gonna happen.
for all the calls to action the question remains unanswered: who will bell the cat?
The sad part is that 43 million Americans have faced that choice. Fortunately for them, they can leave the cable on, and go get food stamps.
Agreed. Too funny by a mile. Brings all kinds of images to the mind. I instantly thought of Julia Child.
free range alley cat. mmmm mm. gives paws for thought when hungry.
anyone remember this?
Holly shit thats funny or err sad or ... it says something... oh wait family guy is on tbs for 2 straight hours tonight! that will help ease the pain of the obvious... wouldn't it be great to have Brian on family guy go off about JP MORgue Santelli style... when that happens I'll know PM Mania is here
Free range alley cat, LULZ
Try dog. You'll never go back.
Wok the dog.
Stock up on soy sauce.
Go to BJs and buy 100 20 packs and store them with your gold
They will leave the formulation alone, but it will cost you more money.
Not too big a price to live in the Home of the Free to eat as you choose,
but an increase none the less.
I dare you to look here http://farm3.static.flickr.com/2204/2119613470_6413e31ea7_o.jpg , and not make some this evening.
With or without the bugger?
Ah! Me and my daughter still eat it all the time. Can't take it away---no!!
Cog, my ultimate comfort food is KD with chopped up hot dogs mixed in - very yummy!
Add a dash or two of Worcestershire sauce. It changes the color a bit and tastes great.
Long before actual price increases are implemented packaged goods companies cut back on promo activity, which for all intents and purposes amounts to a price increase. Still others modify formulations and maximize efficiencies. Long ago food companies learned to source ingredients globally e.g. the dehydrated strawberries in your Cheerios come from China and in recent years back office functions have moved to India etc. There ain't much more to take out of the system: packaging has long since been light weighted; factories have been consolidated and automated; and with help from the good folks at Big Agri, that grain of genetically modified wheat and touch of natural artificial sweetener are part of a balanced diet that in combination with the hormones and antibiotics in your milk will make you the picture of health until you are diagnosed with a form of cancer that didn't exist 50 years ago. Transportation costs, energy costs, diversion of crops to ethanol along with the impacts of QE 1&2 on commodities have left the food companies with no other options.
Of course the people who will feel this the most are the middle class who don't (yet) qualify for food stamps.
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