How much did you pay for gas and groceries today?

[B-Man]

 

 

In case you missed it, the latest economic data is terrible.

 

Unexpectedly, no less!

 

 

Media: Arguing the utterly predictable is unexpected with no hint of shame.

 

 

 

 

The first sentence. Dear God, he couldn’t even make it through the first sentence without lying.

 

 

Does he know that inflation means rising prices?

 

 

[B-Man]

 

[B-Man]

 

 

 

 

 

[OrangeBills]

3 hours ago, Tiberius said:

Is military spending artificial? 

 

Answer the question, don't just name drop people you probably have not read

 

Darn, can't help it, guess I'm just too nice...two helpful concepts for you to start understanding are GDP and ROE

 

GDP, or Gross Domestic Product, is calculated by output (spending) from three sources:  Consumers (C) + Business (B) and Government (G).  The G used to be a much, much smaller component of that calculation than it is now.  

 

You don't have to be a rocketry scientist to realize that the government has really two funding sources:  Taxes and Borrowing.  Yes, they have started to collect a lot more taxes, but G has gone up much more than Taxes would support, so the government has done lots and LOTS of BORROWING.  Remember this concept...

 

Now, ROE stands for Return on Equity.  It's formula is Asset Turnover * Leverage (net of tax benefit) * profit margin

 

ROE can measure performance for a specific company or industry, but its concepts can be applied to an entire economy as well.

 

Asset Turnover is a function of how frequently you "turn over" i.e. utilize the assets you've used your Equity/Debt to purchase...i.e. it's a measure of how the economy is performing, or like how many widgets your factory produces and sells in a year, like that

 

Profit Margin is a measure of innovation and efficiency your company or economy has...how much extra you're able to charge & earn is a reflection of how innovative your products are and how well you run your company/economy.

 

Leverage has become the big one...so when calculating ROE, if I have a profit margin of 10% and have Asset Turnover of 1.0, so far my ROE is 10%, right?  If I boost Asset Turnover to 1.5 (hard to do, sometimes, particularly with a Biden in office), that ROE jumps to 15%, right?  10% * 1.5. 

 

But if I can lever up, boy I can really drive that business/economy.  I can lever up 2x and make 10% really 20%, just like that (printing money).

 

Said another way, our GDP (Assets/Asset Turnover function) was $20T pre-COVID...and our national debt was approaching that level (really about $18T or whatever.

 

We have since printed ~$10-$12T in Govt Debt, lifting our Leverage to 1.5 from 1.0, and thus jumping our ROE from 10% to 15% in our model.

 

BUT YOU SEE, this IS fake gains...they are not real returns based on expanding the business or improving our products...it's just borrowing money.   It's Fake...

 

 

[billsfan_34]

On 3/14/2022 at 10:59 AM, TSOL said:

I've been cutting down on driving and eating lately. 

For many folks, it is cheaper to eat unhealthy. This will be a common denominator in regards to obesity, diabetes etc..along with rising health care costs/insurance premiums- what a ***** show we are.

[Chef Jim]

The wife retired this year and I semi retired.  Because of a dramatic loss of earned income I’ve been keeping close tabs on our spending.  We are 30% above our grocery budget YTD.  I based my budget on the three previous years of spending. 

1 hour ago, billsfan_34 said:

For many folks, it is cheaper to eat unhealthy. This will be a common denominator in regards to obesity, diabetes etc..along with rising health care costs/insurance premiums- what a ***** show we are.

This is so ***** false.  It is NOT cheaper to eat unhealthy.  It’s cheaper to eat healthy food you’ve prepared yourself. It’s more expensive to be lazy and hit the drive thru. 

[Over 29 years of fanhood]

1 hour ago, billsfan_34 said:

For many folks, it is cheaper to eat unhealthy. This will be a common denominator in regards to obesity, diabetes etc..along with rising health care costs/insurance premiums- what a ***** show we are.

 

25 minutes ago, Chef Jim said:

The wife retired this year and I semi retired.  Because of a dramatic loss of earned income I’ve been keeping close tabs on our spending.  We are 30% above our grocery budget YTD.  I based my budget on the three previous years of spending. 

This is so ***** false.  It is NOT cheaper to eat unhealthy.  It’s cheaper to eat healthy food you’ve prepared yourself. It’s more expensive to be lazy and hit the drive thru. 

The cost spectrum for food top to bottom  is:

 

lazy high quality 

lazy low quality
unlazy high quality 

unlazy low quality 

 

with the two middle sharing overlap.

 

as someone who mostly cooks and prepares simple ingredients and fresh vegetables have SKYROCKETED especially if you buy the ones with Less chemicals sprayed on them 

[Chef Jim]

2 minutes ago, Over 29 years of fanhood said:

 

The cost spectrum for food top to bottom  is:

 

lazy high quality 

lazy low quality
unlazy high quality 

unlazy low quality 

 

with the two middle sharing overlap.

 

as someone who mostly cooks and prepares simple ingredients and fresh vegetables have SKYROCKETED especially if you buy the ones with Less chemicals sprayed on them 

 

What do you consider high quality vs low quality regarding food?

 

Please don't tell my you fall for the organic food crap??

[SoCal Deek]

Heard a story on the radio this morning on my way to the gym. Apparently the LAUSD is running promo ads where they tell kids not to be food-shamed. The ads go on to say that at all foods are equal in value.  Then something, something about oppression....and you can guess the rest.

Edited September 14, 2022 by SoCal Deek

[Over 29 years of fanhood]

2 minutes ago, Chef Jim said:

 

What do you consider high quality vs low quality regarding food?

 

Please don't tell my you fall for the organic food crap??

Low quality; cheapest stuff at the local cheapest mega market place…

 

high quality;  sometime organic at least on leafy greens and some fruits.. when possible locally  farmed produce eggs and meats. The quality is very tangible in terms of taste and how I feel and how the family enjoys the food…. But I not a pro chef that can turn stale shoe leather into filet

[Chef Jim]

Just now, Over 29 years of fanhood said:

Low quality; cheapest stuff at the local cheapest mega market place…

 

high quality;  sometime organic at least on leafy greens and some fruits.. when possible locally  farmed produce eggs and meats. The quality is very tangible in terms of taste and how I feel and how the family enjoys the food…. But I not a pro chef that can turn stale shoe leather into filet

 

The cheaper food is often not of lower quality.   I avoid the "organic" ***** like the plague.  It's a ripoff  

[billsfan_34]

54 minutes ago, Chef Jim said:

The wife retired this year and I semi retired.  Because of a dramatic loss of earned income I’ve been keeping close tabs on our spending.  We are 30% above our grocery budget YTD.  I based my budget on the three previous years of spending. 

This is so ***** false.  It is NOT cheaper to eat unhealthy.  It’s cheaper to eat healthy food you’ve prepared yourself. It’s more expensive to be lazy and hit the drive thru. 

Really? Well you my friend are ill informed. Shop the perimeter of the grocery store; Meats, produce, dairy, cheese, seafood, etc…those items are substantially more expensive. Groceries that resides within “center aisles” such as; Hamburger helper, Ramen, Dinty Moore, Spagettios etc are way cheaper. Many lower income people wind up eating that stuff along with fattier cuts of meat. I guess I did not learn this in school or all the floors ive worked. Ugggggh silly people on here.

30 minutes ago, Over 29 years of fanhood said:

 

The cost spectrum for food top to bottom  is:

 

lazy high quality 

lazy low quality
unlazy high quality 

unlazy low quality 

 

with the two middle sharing overlap.

 

as someone who mostly cooks and prepares simple ingredients and fresh vegetables have SKYROCKETED especially if you buy the ones with Less chemicals sprayed on them 

Interesting take. I think we can all agree if food costs do not get under control we will see increased health proplems amongst our population.

[Chef Jim]

On 9/13/2022 at 8:36 AM, B-Man said:

 

 

In case you missed it, the latest economic data is terrible.

 

Unexpectedly, no less!

 

 

Media: Arguing the utterly predictable is unexpected with no hint of shame.

 

 

 

 

The first sentence. Dear God, he couldn’t even make it through the first sentence without lying.

 

 

Does he know that inflation means rising prices?

 

 

 

Well technically he's not wrong.  However we don't measure price increases from month to month.  It's year to year.  The dummies lap it up. 

13 minutes ago, billsfan_34 said:

Really? Well you my friend are ill informed. Shop the perimeter of the grocery store; Meats, produce, dairy, cheese, seafood, etc…those items are substantially more expensive. Groceries that resides within “center aisles” such as; Hamburger helper, Ramen, Dinty Moore, Spagettios etc are way cheaper. Many lower income people wind up eating that stuff along with fattier cuts of meat. I guess I did not learn this in school or all the floors ive worked. Ugggggh silly people on here.

 

 

 

I guess you didn't read my post.  I'm referring to people living on fast food vs cooking for themselves.  

[nedboy7]

32 minutes ago, Chef Jim said:

 

The cheaper food is often not of lower quality.   I avoid the "organic" ***** like the plague.  It's a ripoff  

You have very interesting takes on food as well as politics I see.  You are the dream consumer for corporate America. What do you feel about grass fed beef vs corn fed?  

[billsfan_34]

11 minutes ago, Chef Jim said:

 

Well technically he's not wrong.  However we don't measure price increases from month to month.  It's year to year.  The dummies lap it up. 

 

 

I guess you didn't read my post.  I'm referring to people living on fast food vs cooking for themselves.  

You also states “it’s NOT cheaper to eat unhealthy” and used fast food as an example. Truth be told, fast food aint all that cheap anymore- just sayin. We have got to get inflation under control- that is really the bottom line 😊

[Chef Jim]

1 minute ago, nedboy7 said:

You have very interesting takes on food as well as politics I see.  You are the dream consumer for corporate America. What do you feel about grass fed beef vs corn fed?  

 

Those who by "organic" are the dream consumer not me so I'm not sure what you're talking about here.  

 

I'll take grass fed if I'm feeling rich. 

1 minute ago, billsfan_34 said:

You also states “it’s NOT cheaper to eat unhealthy” and used fast food as an example. Truth be told, fast food aint all that cheap anymore- just sayin. We have got to get inflation under control- that is really the bottom line 😊

 

I think you're confused.  It's often more expensive to eat unhealthy foods and fast food is the prime example I use.  I'm not sure what your confusion is. 

[nedboy7]

3 minutes ago, Chef Jim said:

 

Those who by "organic" are the dream consumer not me so I'm not sure what you're talking about here.  

 

I'll take grass fed if I'm feeling rich. 

 

I think you're confused.  It's often more expensive to eat unhealthy foods and fast food is the prime example I use.  I'm not sure what your confusion is. 

Do you know about glyphosate and how it’s used in the country and the way it’s destroying everyone’s gut just like it’s destroying the pests?  Not mention literally destroying our soil as a country. 

you are definitely better off eating organic for certain things if you can afford it. Organic food has much more micro nutrients instead of the main 3 NPK.  Way cheaper to eat a frozen pizza rather than a nice piece of fish w veggies don’t you think?  Or a pop tart? 

[billsfan_34]

5 minutes ago, Chef Jim said:

 

Those who by "organic" are the dream consumer not me so I'm not sure what you're talking about here.  

 

I'll take grass fed if I'm feeling rich. 

 

I think you're confused.  It's often more expensive to eat unhealthy foods and fast food is the prime example I use.  I'm not sure what your confusion is. 

I am not confused. Read my examples. It is in fact cheaper to eat unhealthy. Read my examples. Your only example is fast food, which really IS NOT cheaper for a family of 4. Like I eluded to, this is one part of my job; Educate on proper nutrition, community resources, and other techniques to live a healthier life. We are at an impasse- Go Bills 😊

[Albwan]

but but but the dems have james taylor!

[Chef Jim]

5 minutes ago, nedboy7 said:

Do you know about glyphosate and how it’s used in the country and the way it’s destroying everyone’s gut just like it’s destroying the pests?  Not mention literally destroying our soil as a country. 

you are definitely better off eating organic for certain things if you can afford it. Organic food has much more micro nutrients instead of the main 3 NPK.  Way cheaper to eat a frozen pizza rather than a nice piece of fish w veggies don’t you think?  Or a pop tart? 

 

Thanks for the advice about my gut but I don't need any advice........