In honour of the Bokke winning this morning this open thread edition has been renamed the Tri Nations Victory Open Thread
18 comments:
Anonymous
said...
fokkie bokkies, I'm more interested in the fact that food deflation continues... Argus weekend shopping basket down again. wtf is going on, and where is this going? Is this demand or supply driven? or are the big chains running scared of government investigation?
Anon, re food price deflation - its just a fudged figure, you wont feel it in your pocket. Will go back up again soon, dont worry, and back in line with the rest of living expenses & assets.
Better to squirrel that cash savings into an inflation adjusted RA fund ... or property perhaps ...
The "white union" Solidarity says exactly the opposite of what the Argus is saying. Their foodbaskets show increases accross the board.
Perhaps property prices are going up again, but I can't see how this is due to anything resembling a legitimate market influence. Last time I checked we were still in a recession and the economy was shedding 50 thousand jobs a month. Where are all these home buyers coming from, Germany?
Well I will not buy ;-) (German). I am following the house prices since years and I still think they are at ridiculous levels in SA. And the Rand is also quite expensive. In regards to food prices, this has really changed dramatically over the last years. When I leave the supermarket I pay the same or even a bit more compared to Germany. Yes this is very subjective I know and Germany has very cheep food compared to other countries. But I spend about 4 months a year in SA, so over the years you have a very good feeling about comparing overall prices.
Even the astrologer Richard Nolle can see whats going on and he is not even an economist.
"As I’ve said, this isn’t an ordinary recession: it’s a turning point in history comparable to the beginning of the Industrial Revolution and the system of finance capitalism that enabled it. The old order is frantically printing money, creating credit and ginning up one bubble after another to try and preserve the status quo. That’s how we get a rising stock market (with made-up money and bank bail-outs), increased auto sales (with government rebates) and home sales (with government first-time buyer payoffs). It’s how we keep unemployed workers from taking to the streets (with extended unemployment benefits, and 10% of the US population now on food stamps). All of this, of course, is being financed with borrowed money. At some point, somebody sees that the Emperor has no clothes"
The US dollar ain worth the paper it's printed on Backed by the Pentagon Worshipped in Babylon It's comin right at ya It's comin up ya ass Chorus: crash-crash-crash
The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination - and is why your Christmas stocking may be on the light side this year
It is so far off the beaten track that nobody ever really comes close, which is why these ships are here. The world's ship owners and government economists would prefer you not to see this symbol of the depths of the plague still crippling the world's economies.
Who's fudging food inflation? You think the Unions have no vested interest in touting high infation to support their wage claims? Argus weekend shopping basket is not a bad little poll - it looks at everyday food prices at three stores, each week, and tells you exactly what has changed. A basket of food that cost more than 350 a few months ago now costs 317. Look at the numbers, not what you want to see. The big chains are feeling some kind of pressure at last. Propoerty prices on the rebound? tee hee. Maybe at the lowest ranges where bank support is returning, but this may cause a little race for the bottom as higher bracket sellers chase buyers in the lower bracket. Lets wait and see.
How difficult do you think will it be to pull back a bit on the price of items in a 'food basket' and then make it back double and more on other items not included? Like I said, you wont feel it in your pocket.
And while you mention vested interests, do you honestly think that the supermarkets dont have these? You really think that its impossible to tweak the figure so it looks like their prices are down? After all they flack they take in the media? .....
At present trends the Argus food basket will be minus 10% in 2 months time. The inflation chart is also in a downward trending channel and shows that CPI should be minus 3% this time next year if the trend continues.
I think inflation is coming but it is still 3 or 4 years away when we get payback for the present excesses. Until then I believe it will be deflation for a few years.
Gold is at the magic 1000 level - is this the big move up ? I suspect not ... and that the real move we be in a few years time when inflation kicks in. Give it a month or two and we shall see...
I concur about what peter is saying about the supermarket's and their ability to spicifically target the items in the Argus food basket. Picking "loss leaders" is as routine a task as mopping floors and baking cheezy rolls for supermarkets. Manipulating a food basket's prices would be piss for them.
I think the items in the food basket are a secret.
And if the info did leak out, for all 3 major supermarkets to conspire to keep those goods at ever lower prices would be opening them up to prosecution for price fixing ... something they are nervous about because of the huge fines involved.
If you sell to them, you are not even allowed to suggest a recommended retail price. That's how nervous they are ... so I can't see serious manipulation happening.
Well, the mere fact that the CC is taking a look at them means that there's a funny smell coming from the food distibution chain in this country. We shall see, my chinas. But really, when was the last time you lost money betting that Elites/Corporates/Pols were ramming a large, rigid object up your backside?
18 comments:
fokkie bokkies, I'm more interested in the fact that food deflation continues... Argus weekend shopping basket down again. wtf is going on, and where is this going? Is this demand or supply driven? or are the big chains running scared of government investigation?
Property prices are on the rebound and no blogs and negative websites is going to deny that fact
Anon, re food price deflation - its just a fudged figure, you wont feel it in your pocket. Will go back up again soon, dont worry, and back in line with the rest of living expenses & assets.
Better to squirrel that cash savings into an inflation adjusted RA fund ... or property perhaps ...
Re: food prices
The "white union" Solidarity says exactly the opposite of what the Argus is saying. Their foodbaskets show increases accross the board.
Perhaps property prices are going up again, but I can't see how this is due to anything resembling a legitimate market influence. Last time I checked we were still in a recession and the economy was shedding 50 thousand jobs a month. Where are all these home buyers coming from, Germany?
Well I will not buy ;-) (German). I am following the house prices since years and I still think they are at ridiculous levels in SA. And the Rand is also quite expensive. In regards to food prices, this has really changed dramatically over the last years. When I leave the supermarket I pay the same or even a bit more compared to Germany. Yes this is very subjective I know and Germany has very cheep food compared to other countries. But I spend about 4 months a year in SA, so over the years you have a very good feeling about comparing overall prices.
Even the astrologer Richard Nolle can see whats going on and he is not even an economist.
"As I’ve said, this isn’t an ordinary recession: it’s a turning point in history comparable to the beginning of the Industrial Revolution and the system of finance capitalism that enabled it. The old order is frantically printing money, creating credit and ginning up one bubble after another to try and preserve the status quo. That’s how we get a rising stock market (with made-up money and bank bail-outs), increased auto sales (with government rebates) and home sales (with government first-time buyer payoffs). It’s how we keep unemployed workers from taking to the streets (with extended unemployment benefits, and 10% of the US population now on food stamps). All of this, of course, is being financed with borrowed money. At some point, somebody sees that the Emperor has no clothes"
The US dollar ain worth the paper it's printed on
Backed by the Pentagon
Worshipped in Babylon
It's comin right at ya
It's comin up ya ass
Chorus: crash-crash-crash
--lyrics by Public Enemy
Well the gold bugs must be happy!!!!!!! 1045 and climbing!
oops. that was some misinformation i got and then passed on. haha
Revealed: The ghost fleet of the recession
The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination - and is why your Christmas stocking may be on the light side this year
It is so far off the beaten track that nobody ever really comes close, which is why these ships are here. The world's ship owners and government economists would prefer you not to see this symbol of the depths of the plague still crippling the world's economies.
Read more: http://www.dailymail.co.uk/home/moslive/article-1212013/Revealed-The-ghost-fleet-recession.html#ixzz0R5ZiYEUy
Who's fudging food inflation? You think the Unions have no vested interest in touting high infation to support their wage claims? Argus weekend shopping basket is not a bad little poll - it looks at everyday food prices at three stores, each week, and tells you exactly what has changed. A basket of food that cost more than 350 a few months ago now costs 317. Look at the numbers, not what you want to see. The big chains are feeling some kind of pressure at last. Propoerty prices on the rebound? tee hee. Maybe at the lowest ranges where bank support is returning, but this may cause a little race for the bottom as higher bracket sellers chase buyers in the lower bracket. Lets wait and see.
Anon,
How difficult do you think will it be to pull back a bit on the price of items in a 'food basket' and then make it back double and more on other items not included? Like I said, you wont feel it in your pocket.
And while you mention vested interests, do you honestly think that the supermarkets dont have these? You really think that its impossible to tweak the figure so it looks like their prices are down? After all they flack they take in the media? .....
Good article by Terry Bell in the Cape Times today.
"world cannot buy itself out of this recession"
http://www.capetimes.co.za/?fSectionId=3187
subscribers only unfortunately...
At present trends the Argus food basket will be minus 10% in 2 months time. The inflation chart is also in a downward trending channel and shows that CPI should be minus 3% this time next year if the trend continues.
I think inflation is coming but it is still 3 or 4 years away when we get payback for the present excesses. Until then I believe it will be deflation for a few years.
Gold is at the magic 1000 level - is this the big move up ? I suspect not ... and that the real move we be in a few years time when inflation kicks in. Give it a month or two and we shall see...
I concur about what peter is saying about the supermarket's and their ability to spicifically target the items in the Argus food basket.
Picking "loss leaders" is as routine a task as mopping floors and baking cheezy rolls for supermarkets. Manipulating a food basket's prices would be piss for them.
I think the items in the food basket are a secret.
And if the info did leak out, for all 3 major supermarkets to conspire to keep those goods at ever lower prices would be opening them up to prosecution for price fixing ... something they are nervous about because of the huge fines involved.
If you sell to them, you are not even allowed to suggest a recommended retail price. That's how nervous they are ... so I can't see serious manipulation happening.
Well, the mere fact that the CC is taking a look at them means that there's a funny smell coming from the food distibution chain in this country. We shall see, my chinas.
But really, when was the last time you lost money betting that Elites/Corporates/Pols were ramming a large, rigid object up your backside?
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