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Started By
Message
re: Big Mac Inflation Metric
Posted on 10/4/23 at 9:46 am to fallguy_1978
Posted on 10/4/23 at 9:46 am to fallguy_1978
Yea truck prices are nuts
2
Posted on 10/4/23 at 9:56 am to JohnnyKilroy
Trucks and SUVs. It's wild to me that those have basically become luxury priced vehicles. A new Tahoe is like 75k now.
Posted on 10/4/23 at 3:54 pm to fallguy_1978
Some Suvs can still be had for relatively reasonable prices as long as you can settle for something less than a massive body on frame thing like a tahoe/suburban.
If you can stomach the vanity hit, pilots, CX-90s, palisade/tellurides etc can be had in the 40s comfortably equipped.
If you’re not towing your boat, there is very little reason to pay 20-30k extra for a tahoe to bring your two kids to school and soccer practice.
If you can stomach the vanity hit, pilots, CX-90s, palisade/tellurides etc can be had in the 40s comfortably equipped.
If you’re not towing your boat, there is very little reason to pay 20-30k extra for a tahoe to bring your two kids to school and soccer practice.
Posted on 10/4/23 at 4:16 pm to Aubie Spr96
Good share.
Thanks
Thanks
Posted on 10/5/23 at 8:04 pm to JohnnyKilroy
quote:
Student loans kicking back in will help curb inflation
It would, but don't thebloan holders have a 12 month window of protection from credit reporting or collections?
Posted on 10/6/23 at 7:42 am to KillTheGophers
quote:
I believe that only heightens the debt crisis that is unfolding. With the rocketing 10 year, many are being exposed as to reliance on ultra low rates.
Will curb inflation. People are going to lose their access to money
Posted on 10/6/23 at 9:32 am to Aubie Spr96
quote:
Big Mac Inflation Metric
2 for $2.22 back in 2002.
This post was edited on 10/6/23 at 9:32 am
Posted on 10/6/23 at 9:45 am to fallguy_1978
quote:
Big Mac Inflation Metric
Yep. I'm not in the market but I've been fascinated with how expensive they've become. I'll check local dealers occasionally just to see what they are advertising.
When I bought mine the MSRP might have been 42k but nobody was paying that much. You could regularly get 8-10k lower than that.
Your post, read in isolation, is humorous. Big Mac dealers? MSRP on a Big Mac? $42k?
Posted on 10/6/23 at 10:31 am to JohnnyKilroy
quote:
Yea truck prices are nuts
And only getting worse:
Just shy of $40k now to get a poverty spec F-150
And nobody but maybe companies buy anything close to a base model truck.
Just built a 2024 F-150 XLT supercrew 4x4 which is probably one of their highest volume trims and with ZERO options at all (base 2.7 engine, only 4x4 added) it was $55,855 with destination. Tack on a nice 5-6-7% loan on top of that and you suddenly have a fairly standard truck for well over $60k in total cost
This post was edited on 10/6/23 at 10:36 am
Posted on 10/6/23 at 2:57 pm to FLObserver
quote:
Add in all the fine folks here in florida voting to increase minimum wage to 15 an hour by 2025
Well at this point in the market who can afford working for just 7.25 an hour.
It costs more to breathe.
Posted on 10/6/23 at 3:02 pm to Tarps99
quote:
Well at this point in the market who can afford working for just 7.25 an hour.
Very few, if any, employers are paying only $7.25/hour. Along with that, raising the minimum wage is not just contrary to fighting inflation but it feeds inflation (and unemployment).
Posted on 10/6/23 at 3:45 pm to Tarps99
quote:
Well at this point in the market who can afford working for just 7.25 an hour.
It costs more to breathe.
Teenagers.
People who need the job experience and can improve their life with it.
People who need a second job.
Minimum wage is the minimum.
The minimum employee does not have any work experience and may require more training for menial work.
Why deny an employer and potential employee the right to enter contract with one another?
Who the frick do people think they are?
Posted on 10/6/23 at 4:09 pm to FLObserver
quote:
groceries, power, Insurance says otherwise. Add those people now with student loans kicking up again to go along with increased inflation
For me my electric bills are around 2019 prices. They doubled for a short time when nat gas prices were insane.
Insurances for my houses in every state except Florida haven’t gone up if at all. In Florida it’s more than doubled. I would prefer to self insure there at this point if I could.
Posted on 10/6/23 at 5:00 pm to meansonny
quote:
Why deny an employer and potential employee the right to enter contract with one another?
Who the frick do people think they are?
The minimum wage should be abolished. Taking a job is a voluntary transaction between two parties. There is some compelling data that minimum wage laws actually artificially depress wages.
Posted on 10/6/23 at 5:02 pm to Burt Orangello
quote:
Your post, read in isolation, is humorous. Big Mac dealers? MSRP on a Big Mac? $42k?
Posted on 10/6/23 at 10:04 pm to Aubie Spr96
quote:This is absolute nonsense, and it’s embarrassing for Heritage that this one of the most respected think tanks is producing the same content one might get on the PT board.
Watched this today and found it interesting.
The Big Mac index was always a fun and crude tool to measure purchase powering parity, and to a less extent, price changes. But no serious person, let alone a PhD economist would ever argue that it’s anything but a fun and crude tool.
I mean I just saw a 4K UHD 70” Roku TV at Walmart for $428. 22 years ago, most people “tube,” TVs that were a fraction of size and a fraction pixels, excited to be able to DVR a show or pop in a DVD instead of a VHS. And if you wanted a “flat” plasma TV (in 1997) well then you could spend $15k on one. In other words, you can get 20x the quality for 1/20th the price, and that’s even on the higher end.
But it would be stupid to say prices have decreased to 1/20th or (even 1/400th accounting for quality), based on TV prices, but it also shows why the Big Mac is not some true measure when there are things people buy that actually cost a fraction of what they did 20-25 years ago.
And this doesn’t even begin to discuss pricing power, consumer demand, competition, labor costs, etc. that goes into pricing of a single item. Hell for a while McDonald’s was offering salads and a bunch of other healthy options, and those no longer exist. So when I used to get a healthier option at McDonald’s, now I usually get a burger, so I personally increased demand for their burgers.
Posted on 10/6/23 at 10:07 pm to makersmark1
quote:This isn’t true at all. Sure, it’s not zero carbon or anything, but electric cars are less carbon intensive than gasoline powered cars. Where do you all come up with this stuff?
Green energy is actually more carbon consuming than traditional gasoline.
Posted on 10/6/23 at 10:20 pm to buckeye_vol
Meh, depending on where you live an EV may be running mostly on coal or natural gas generated electricity. Those plate that say emissions free are BS.
Posted on 10/6/23 at 10:32 pm to Thundercles
quote:I’m not even sure what you’re talking about because CPI doesn’t get revised monthly or quarterly like other data, but those that do get revised, get revised upwards and downwards, and despite this being a talking point since at least Obama’s 1st term when I started reading tigerdroppings, the revisions are consistent with random error.
as the downward revisions that are being released are impossible to just happen by accident.
Even then, CPI does get revised annually, and last year’s revisions were actually upwards a bit, so your post doesn’t make sense here either.
Revisions show U.S. consumer prices a bit firmer than previously reported
Regardless, what Peter undoubtedly knows is that not only is CPI not underestimating inflation, he knows that CPI overestimates inflations, and has for many decades. This is why the FED uses PCE, which can account for things like substitutions which traditional CPI cannot (or can’t well).
Posted on 10/6/23 at 10:39 pm to SloaneRanger
quote:Well they’re not emissions free and obviously this can vary, but those aren’t excluded from the calculations, which show on average, <40% lower greenhouse gas emissions in electric than gasoline. And the tech is improving quite rapidly.
Meh, depending on where you live an EV may be running mostly on coal or natural gas generated electricity. Those plate that say emissions free are BS.
So while it would be wrong to say their emissions are 0, it’s wrong to say their emissions are greater than gasoline cars.
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