seebee wrote:Won't be my financial advisor anytime soon.
Puckjam wrote:Interesting watching the Today Show this morning. One topic was how fast food prices are going up and up, including TBell. Cute innuendo but tone deaf. Not as much fun shopping for food nowadays.
polster wrote:Inflation is happening in every country on earth and not just the US and much worse in some parts (Turkey = 80%+ Inflation rate). The issue is people politicize inflation and increasing prices blaming some political party instead of the fact we live in global economy and what happens in Other parts of the world with Oil Prices, war in Ukraine, covid lockdowns in China effects the cost of goods sold and supply chains in the US.
seebee wrote:Is any inflation caused by the entities that print the money? I'm no economist, and I don't pretend to be, but is that at least one of the factors of inflation, and not just what happens in other parts of the world? If it is a factor, then I wonder how much of a factor it is, comparatively, to other factors.
seebee wrote:polster wrote:Inflation is happening in every country on earth and not just the US and much worse in some parts (Turkey = 80%+ Inflation rate). The issue is people politicize inflation and increasing prices blaming some political party instead of the fact we live in global economy and what happens in Other parts of the world with Oil Prices, war in Ukraine, covid lockdowns in China effects the cost of goods sold and supply chains in the US.
Is any inflation caused by the entities that print the money? I'm no economist, and I don't pretend to be, but is that at least one of the factors of inflation, and not just what happens in other parts of the world? If it is a factor, then I wonder how much of a factor it is, comparatively, to other factors.
seebee wrote:polster wrote:Inflation is happening in every country on earth and not just the US and much worse in some parts (Turkey = 80%+ Inflation rate). The issue is people politicize inflation and increasing prices blaming some political party instead of the fact we live in global economy and what happens in Other parts of the world with Oil Prices, war in Ukraine, covid lockdowns in China effects the cost of goods sold and supply chains in the US.
Is any inflation caused by the entities that print the money? I'm no economist, and I don't pretend to be, but is that at least one of the factors of inflation, and not just what happens in other parts of the world? If it is a factor, then I wonder how much of a factor it is, comparatively, to other factors.
lodasi wrote:
OT but QE efforts in the USA were most aggressive in the year 2020 and have slowed since then. If QE was hypothetically a large factor in inflation, the US would have seen double digit inflation every month since Q2 2020.
tjr wrote:Another topic for some economists is consumer expectations. When consumers think that inflation is high, business can safely raise prices even beyond what's justified by rising costs. When you see high profits coupled with high inflation, that may be what's going on. And to bring it back to the $28 Taco Bell lunch, now everybody thinks Taco Bell has tripled prices and McBurgerdys can triple their prices without consumer resistance (exaggerating here but you get the idea.)
George R wrote:Good points. I think economists talk about some prices being "sticky" -- easy to raise, hard to cut.
Also, Wall Street pressures companies to show growth in earnings (easy to manipulate) and executives are paid, at least in part, on reported earnings. Lots of incentive to raise prices.
Declaring a mission to liberate "Taco Tuesday" for all, Taco Bell is asking U.S. regulators to force Wyoming-based Taco John's to abandon its longstanding claim to the trademark.
Too many businesses and others refer to "Taco Tuesday" for Taco John's to be able to have exclusive rights to the phrase, Taco Bell asserts in a U.S. Patent and Trademark Office filing that is, of course, dated Tuesday.
It's the latest development in a long-running beef over "Taco Tuesday" that even included NBA star LeBron James making an unsuccessful attempt to claim the trademark in 2019.
"Taco Bell believes 'Taco Tuesday' is critical to everyone's Tuesday. To deprive anyone of saying 'Taco Tuesday' — be it Taco Bell or anyone who provides tacos to the world — is like depriving the world of sunshine itself," the Taco Bell filing reads.
Taco John's responded to Taco Bell's filing by announcing a new two-week Taco Tuesday promotion, with a large side of riposte.
"I'd like to thank our worthy competitors at Taco Bell for reminding everyone that Taco Tuesday is best celebrated at Taco John's," CEO Jim Creel said in an emailed statement. "We love celebrating Taco Tuesday with taco lovers everywhere, and we even want to offer a special invitation to fans of Taco Bell to liberate themselves by coming by to see how flavorful and bold tacos can be at Taco John's all month long."
polster wrote:
I agree with this sentiment that companies in a market based economy raise prices higher than inflation but use inflation as an excuse just like during the height of the pandemic shortages for toilet paper, cleaning products, etc. created an artificial short term demand which the companies like Procter and Gamble (Tide & Bounty Paper Towels) increased in price. As the pandemic went down the companies did not lower their prices, but on the contrary they have increased even more than when the supply chain shortages occurred during the pandemic. The thing that people complain about a capitalist society (which is not perfect in anyway) is that companies (especially publicly traded) have to show ever increasing profits quarter over quarter and to do that they keep increasing prices and cutting costs (smaller package sizes / same or higher price point).
ronnie_suburban wrote:Declaring a mission to liberate "Taco Tuesday" for all, Taco Bell is asking U.S. regulators to force Wyoming-based Taco John's to abandon its longstanding claim to the trademark.
Too many businesses and others refer to "Taco Tuesday" for Taco John's to be able to have exclusive rights to the phrase, Taco Bell asserts in a U.S. Patent and Trademark Office filing that is, of course, dated Tuesday.
It's the latest development in a long-running beef over "Taco Tuesday" that even included NBA star LeBron James making an unsuccessful attempt to claim the trademark in 2019.
"Taco Bell believes 'Taco Tuesday' is critical to everyone's Tuesday. To deprive anyone of saying 'Taco Tuesday' — be it Taco Bell or anyone who provides tacos to the world — is like depriving the world of sunshine itself," the Taco Bell filing reads.Taco John's responded to Taco Bell's filing by announcing a new two-week Taco Tuesday promotion, with a large side of riposte.
"I'd like to thank our worthy competitors at Taco Bell for reminding everyone that Taco Tuesday is best celebrated at Taco John's," CEO Jim Creel said in an emailed statement. "We love celebrating Taco Tuesday with taco lovers everywhere, and we even want to offer a special invitation to fans of Taco Bell to liberate themselves by coming by to see how flavorful and bold tacos can be at Taco John's all month long."
'Taco Tuesday' Trademark Tiff Flares Anew
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Taco John’s, the regional chain that has “Taco Tuesday” trademarked, announced Tuesday that it’s ending its fight in defending the phrase and will “abandon” it because it doesn’t want to pay the legal fees that come with a fight against Taco Bell.
Taco Bell Revives 5 Retro Menu Items from the 1960s to the 2000s and They're All Less Than $3