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The Economy

Discussion in 'Sports and News' started by TigerVols, May 14, 2020.

Page 246 of 455
  1. TigerVols

    TigerVols Well-Known Member

    TigerVols, May 30, 2023
    #2941
  2. Hermes

    Hermes Well-Known Member

    Eggs were $1.11 this week, FWIW.
     
    Hermes, May 30, 2023
    #2942
  3. BTExpress

    BTExpress Well-Known Member

    All these trillions of dollars sloshing around, and the price of 70-inch TVs dips below $500. :)
     
    BTExpress, May 30, 2023
    #2943
  4. The Big Ragu

    The Big Ragu Moderator Staff Member

    Apparently egg suppliers spontaneously decided not to be "greedy" and "gouge" people and unilaterally fix prices anymore.
     
    The Big Ragu, May 30, 2023
    #2944
  5. Regan MacNeil

    Regan MacNeil Well-Known Member

    Or they're finally recovered from the bird flu that ravaged chicken populations. But let's use that one example of supply and demand at work to shit on the entire theory.
     
    Regan MacNeil, May 30, 2023
    #2945
  6. Azrael

    Azrael Well-Known Member

    Azrael, May 30, 2023
    #2946
  7. The Big Ragu

    The Big Ragu Moderator Staff Member

    You think the effects of an avian flu outbreak was the main cause for egg prices spiking, due to the change in supply / demand dynamics it caused?

    Who could have imagined that it wasn't greed and gouging and demand for eggs somehow suddenly turning impossibly inelastic?
     
    The Big Ragu, May 30, 2023
    #2947
  8. Azrael

    Azrael Well-Known Member


    https://www.dutchnews.nl/2023/05/eg...rice-fixing-fines-kept-secret-on-court-order/

    The Dutch competition authority ACM has imposed fines on three egg processing firms for forming a cartel to drive down the prices paid to poultry farmers.

    The companies (Interovo, Wulro and Global) operated secret price-fixing agreements between each other and coordinated egg purchases. ‘This damaged farmers who ended up getting a lower price for their eggs,’ ACM chairman Martijn Snoep said. ‘We take tough action against buyer cartels.’
     
    Azrael, May 30, 2023
    #2948
  9. dixiehack

    dixiehack Well-Known Member

    Never too early for Secret Santa ideas.

    IMG_4357.jpeg
     
    dixiehack, May 31, 2023
    #2949
  10. Hermes

    Hermes Well-Known Member

    Accounting and finance humor reminds me of Barney from “Parks and Recreation.”

    [​IMG]
     
    Hermes, May 31, 2023
    #2950
    Regan MacNeil likes this.
  11. The Big Ragu

    The Big Ragu Moderator Staff Member



    Month after month. ... The Bureau of Labor Statistics drops "economic" data. Politicians credit themselves for making everyone's lives better somehow -- like they have a magic wand to create a job (even though they don't create or produce anything that requires an actual worker) or how their "policy"TM made you earn more money.

    Then, very quietly with it not getting reported by anyone of significance, a few months later the BLS revises it all significantly downward, saying what they had reported wasn't true.

    It's always particularly stark on the real wages data.
     
    The Big Ragu, Jun 2, 2023
    #2951
  12. wicked

    wicked Well-Known Member

    They are relying on information from companies when issuing the numbers, correct?

    Are they relying on information from a different source when issuing the revised numbers?
     
    wicked, Jun 2, 2023
    #2952
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