Record Black Friday spending despite Fox News telling everyone the economy is terrible

[fskimospy]

Good thing we are getting good signals now. 11 months ahead of the election.
Wonder if that is enough time for the lag effect.
One thing people will feel immediately tho is the cheaper gas. If it stays under $3, Biden would have a far stronger chance.

I think I read somewhere that generally speaking the most predictive economic time is about 6 months before the election. (barring some huge shock I assume) If the economy is good then, Biden is probably looking good.

 

[K1052]

Uh oh, more trouble for Democrats.

https://twitter.com/x/status/1735342018602193292

 

[Pens1566]

Uh oh, more trouble for Democrats.

https://twitter.com/x/status/1735342018602193292

NYTPitchbot is gonna be awesome for the near future.

 

[manly]

A corny rehash of "let them eat cake."

https://www.cnn.com/2024/02/26/food/kellogg-ceo-cereal-dinner/index.html

 

[manly]

Fox News: "Thanks Obama Biden"

https://www.reddit.com/r/PoliticalHumor/comments/1b86a4s/in_a_terrible_accident_fox_news_accidentally

 

[trenchfoot]

So we all know if the Trumpies are silent about the economy it either means the "other guys" are doing great and/or they're going about blatantly lying how awful awful awful the economy is without a speck of proof, just plain 'ol crapping out AAA rated hyena scat that they translate into simpler words for their MAGAts to spread around.

Like how that little two lb. fish that got away miles from shore grows into a thousand lb. marlin by the time the boat docks at the pier, you can just imagine how the fairy tales about the evil Baba Yaga commie socialists that get spawned over at the GOP Propaganda Ministry grow into hellacious monsters that hide in their cosets and under their beds. And I really don't feel like I'm exaggerating in the slightest.

 

[HomerJS]

Putting this into the perceived "bad economy" thread. At least the one Fox News tells is bad because of inflation. I traveled to an event in North Carolina this past weekend. Stopped at a Sheetz convenience store and purchased this for $2.54 for 12oz of milk. If you do the math that's over $27/gal. Can you say corporate gouging? They know families on the road may need milk for their kids and proceed to rip them off. But I'm sure there are a cadre of lemmings that blame Biden for this.

 

[sdifox]

Putting this into the perceived "bad economy" thread. At least the one Fox News tells is bad because of inflation. I traveled to an event in North Carolina this past weekend. Stopped at a Sheetz convenience store and purchased this for $2.54 for 12oz of milk. If you do the math that's over $27/gal. Can you say corporate gouging? They know families on the road may need milk for their kids and proceed to rip them off. But I'm sure there are a cadre of lemmings that blame Biden for this.

View attachment 105177

You are paying for packaging and logistics. Not so much the milk.

 

[Lost_in_the_HTTP]

I put that in the cadre of lemmings willing to pay that much for that little. Carry a cooler, a gallon of milk and some mugs.

 

[HomerJS]

I put that in the cadre of lemmings willing to pay that much for that little. Carry a cooler, a gallon of milk and some mugs.

Last time I bought that amount of milk it was $1-1.50 around 4 years ago. Didn't expect double. Again, Biden's fault?

 

[nakedfrog]

I mean, convenience stores aren't noted for being the best place to get a bargain on anything...

 

[iRONic]

I put that in the cadre of lemmings willing to pay that much for that little. Carry a cooler, a gallon of milk and some mugs.

You missed it by | | that much!

Who TF carries an entire gallon of milk in a cooler?! Do you have eight kids in the car with you?Maybe if you're on the road for a week!

JFC… you pack enough supplies, milk or otherwise to get you where you're going. No more no less. If you actually stop for gas on your way then you have your little snack of milk and whatever you brought.

We rode tripped with 3 kids and a dog from CT to KY at least 15 times in ten years before we moved here. Never had *any* kind of beverage in that quantity with us. Those brats would have been wanting to stop and piss every 20 fucking miles!

 

[ivwshane]

Companies are starting to feel the squeeze from consumers as they are cutting back on their spending on overpriced things. See McDonalds for example. Their profit/sales are down and it’s because consumers don’t see any value in what they offer. If people only understood the power they have by not purchasing things that have increased in price due to greed, this “inflation” would be over by now.

 

[esquared]

Companies are starting to feel the squeeze from consumers as they are cutting back on their spending on overpriced things. See McDonalds for example. Their profit/sales are down and it’s because consumers don’t see any value in what they offer. If people only understood the power they have by not purchasing things that have increased in price due to greed, this “inflation” would be over by now.

Consumers having the final say.

Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike

The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. “While inflation is down, prices are still high, and I think consumers have gotten to the point where they’re just not accepting it,” Tom Barkin, president of the...

www.yahoo.com

 

[Fanatical Meat]

Companies are starting to feel the squeeze from consumers as they are cutting back on their spending on overpriced things. See McDonalds for example. Their profit/sales are down and it’s because consumers don’t see any value in what they offer. If people only understood the power they have by not purchasing things that have increased in price due to greed, this “inflation” would be over by now.

That’s the way it works. Give/Take.
I have noticed an overall trend lower on the price changes at work. Not all going down but only a few going up.

 

[pcgeek11]

Putting this into the perceived "bad economy" thread. At least the one Fox News tells is bad because of inflation. I traveled to an event in North Carolina this past weekend. Stopped at a Sheetz convenience store and purchased this for $2.54 for 12oz of milk. If you do the math that's over $27/gal. Can you say corporate gouging? They know families on the road may need milk for their kids and proceed to rip them off. But I'm sure there are a cadre of lemmings that blame Biden for this.

View attachment 105177

Shop at a convenience store you pay convenience store prices... Everybody knows this.

Convenience store - Wikipedia

en.wikipedia.org

Convenience stores often charge significantly higher prices than conventional grocery stores or supermarkets, as they buy smaller quantities of inventory at higher per-unit prices from wholesalers. Customers benefit from their longer open hours, more convenient and greater number of locations and shorter cashier lines.

 

[IronWing]

Consumers having the final say.

Yep. We had been returning to the same accommodations for our annual beach trip for over twenty five years. The new owner jacked the rates way up so we moved on. Others must have done the same as the owner is advertising empty units in prime season. These units are usually booked up a year in advance. The owner hasn't dropped prices so the message hasn't penetrated yet.

 

[hal2kilo]

That’s the way it works. Give/Take.
I have noticed an overall trend lower on the price changes at work. Not all going down but only a few going up.

Just about everything except good cuts of beef. Last good prices I saw was before the 4th of July specials. It's back to where it's been since half way through the pandemic. The other weird effect to me, at least at Costco, is all the prime and exotic wagu selections. Seems the restaurant pipeline still isn't flowing at least for beef.

 

[Brainonska511]

Just about everything except good cuts of beef. Last good prices I saw was before the 4th of July specials. It's back to where it's been since half way through the pandemic. The other weird effect to me, at least at Costco, is all the prime and exotic wagu selections. Seems the restaurant pipeline still isn't flowing at least for beef.

Good thing food is a largely substitutable item. One thing too expensive, you pick a different food item.

On a related note, it would probably be good for Americans' health and the climate if we ate less red meat overall.

 

[Fenixgoon]

Good thing food is a largely substitutable item. One thing too expensive, you pick a different food item.

On a related note, it would probably be good for Americans' health and the climate if we at less red meat overall.

this is one thing that always pissed me off about eggs specifically. there are other sources of protein you can substitute. eggs are not magical. if they're $8/dozen, don't fucking buy them!

 

[Brainonska511]

this is one thing that always pissed me off about eggs specifically. there are other sources of protein you can substitute. eggs are not magical. if they're $8/dozen, don't fucking buy them!

Winner, winner, chicken (or insert alternative protein) dinner.

 

[Fanatical Meat]

FAST FOOD PRICES SHOULD BE COLLAPSING SOON:

MSN

 

[Jaskalas]

FAST FOOD PRICES SHOULD BE COLLAPSING SOON:

Eh, $5 menu item / $10 combo is the standard these days.
Suppose we should be glad they are holding the line at $5 "value" items.
But that headline had me wishing for a bit "more".

 

[Lost_in_the_HTTP]

Living rural, I get eggs straight from the farmers for anywhere between $1.50 and $2.50 dozen. Sometimes they still have feather bits on them.

 

[HomerJS]

Shop at a convenience store you pay convenience store prices... Everybody knows this.

Convenience store - Wikipedia

en.wikipedia.org

My point is people will use that and blame Biden which is bullshit. I'm well aware of convenience store prices.

Even for Sheetz $27/gal is corporate gouging.