Powell Live on Youtube

The process of getting inflation back down to the Fed's 2% goal still has "a long way to go" and will be "bumpy."

https://www.youtube....s?feature=share

In case you haven't noticed, there are worldwide shortages of many necessities like food. Wheat, eggs, chickens, equipment fertilizer. baby formula.

Demand for limited products must decrease or supply must increase.

What can Powell do about that?

Onion Shortage Signals Threat Of Global Food Crisis

March 1, 2023

Onion prices have skyrocketed making the world’s second-most consumed vegetable unaffordable to many who depend on them. Here’s how weather factored into the global shortage.

These Foods Will Be In Short Supply In 2023, So Stock Up ...

I wonder if "Stocking up" will increase supply? LOL!

(Remember toilet paper shortages during covid?)

I have been buying a $35 generic product manufactured by the name brand.

It's supply of materials and employees are now reduced and it has ceased supplying the generic.

The Name Brand is now $55 (on sale at Costco) LOL!!

3 Tomatoes at a Time: Why U.K. Supermarkets Are Limiting Vegetables

Limiting the sale of cucumbers, peppers and tomatoes to three per customer, joining four other chains — Tesco, Asda, Morrisons and Aldi — that have capped the sales of some produce.

Together, the five chains represent about two-thirds of the market share of grocery stores in Britain. Frosty temperatures in Spain, the primary supplier of British vegetables, have damaged crops. Cucumber sales fell 21 percent and pepper and eggplant sales fell 25 percent, the organization said.

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"A quart of wheat for a day's labor" was foretold.

Edited by Rogerdodger, 07 March 2023 - 12:43 PM.

Correct Roger - he can't control global supply chain issues ... the FED have 'run out of luck' with their 25 year 'financial alchemy experiment' - its now question of when not if the price has to be paid

by everyone. Add to this, that China now see's this weak point, and is aligning with Russian/India against us, to weaken the dollar and likely tactically buying commodities and cause supply chain issues,

and as I went over that  long video analysis Asia is now in K-spring so natural demographic demand cycle adds more pressure - and if we want to believe other cycle work which I infact do, global temps and thus crop yields

are falling.

The FED with help of one clueless govt after another running insane deficits have handed our 'economic enemies' the weapons to our economic destruction, yet, so few can see this its simply mass wishful thinking/delusion that

will end over the next 1-2 years as reality sets in alas.

Edited by EntropyModel, 07 March 2023 - 01:42 PM.

I was afraid you might say that. 

Nearly 30 million Americans will lose help from the federal government to buy groceries when the extra pandemic SNAP food benefits end on March 1.

Crime, Foreclosures & Homelessness have just barely started.

Stress is a killer...I avoid the National news.!

https://www.nextgov....ression/383636/

Chronic Stress 'Causes Depression'...
“Our findings suggest that the behavioral deficits following chronic stress involve impaired neurosteroid synthesis and signaling,” says lead author Najah Walton, a PhD student in neuroscience at the Tufts University Graduate School of Biomedical Sciences. “We found that mice subjected to chronic unpredictable stress had an impairment in allopregnanolone production within the basolateral amygdala, a brain region crucial for mediating emotional responses."

 

.

Edited by Rogerdodger, 07 March 2023 - 02:10 PM.

I was afraid you might say that. 

 

 

Nearly 30 million Americans will lose help from the federal government to buy groceries when the extra pandemic SNAP food benefits end on March 1.

Crime, Foreclosures & Homelessness have just barely started.

Stress is a killer...I avoid the National news.!

 

 

https://www.nextgov....ression/383636/

Chronic Stress 'Causes Depression'...
“Our findings suggest that the behavioral deficits following chronic stress involve impaired neurosteroid synthesis and signaling,” says lead author Najah Walton, a PhD student in neuroscience at the Tufts University Graduate School of Biomedical Sciences. “We found that mice subjected to chronic unpredictable stress had an impairment in allopregnanolone production within the basolateral amygdala, a brain region crucial for mediating emotional responses."

 

 

 

.

Yes stress effects the HPA axis and causes almost all disease mental and physical - this is well proven by hundreds of studies I read ... so yes the effects of what is coming won't be just 'hypothetical'.

I also believe, though, this isn't proven so its my own research, that life is a quantum field ...and so, 'stress' can cause that field to  have a disequilibrium state, or another perspective is life is 'information',

and that information's entropy drops due to stress - so working on one's mental health, specially how we deal with adversity is very important.  

Edited by EntropyModel, 07 March 2023 - 03:59 PM.

You guys might be interested in this-

"You want a strong Right brain, and a strong Left brain,,,"  Many have said that my brain just left...

After I joked with one lady I said:  "I'll be here all week!"

Being a smart a$$ from New Jersey. she quipped back: "Well I'm not buying another ticket."

I love folks from Jersey!

The Federal Reserve's  half-point increase in its benchmark interest rate at the March meeting, will cost credit card borrowers an extra $3.4 billion in interest charges over the next 12 months, WalletHub calculated.

As credit card debt hits new record, households near 'breaking point'...

“Something has to give,” Gonzalez said. It’s time to rein in spending, pay off debt and avoid any new debt.

More consumers are leaning on credit cards to afford increasingly expensive necessities such as food and rent.

That helped propel total credit card debt to a record $930.6 billion at the end of 2022, an 18.5% spike from a year earlier, according to the latest quarterly report by TransUnion. The average balance rose to $5,805 over that same period.

60% of Americans live paycheck to paycheck

Edited by Rogerdodger, 09 March 2023 - 12:27 PM.

 

The Federal Reserve's  half-point increase in its benchmark interest rate at the March meeting, will cost credit card borrowers an extra $3.4 billion in interest charges over the next 12 months, WalletHub calculated.

 

As credit card debt hits new record, households near 'breaking point'...

 

“Something has to give,” Gonzalez said. It’s time to rein in spending, pay off debt and avoid any new debt.

More consumers are leaning on credit cards to afford increasingly expensive necessities such as food and rent.

That helped propel total credit card debt to a record $930.6 billion at the end of 2022, an 18.5% spike from a year earlier, according to the latest quarterly report by TransUnion. The average balance rose to $5,805 over that same period.

 

60% of Americans live paycheck to paycheck

 

Credit cards are one of the most expensive ways to borrow money. Currently, annual percentage rates, or APRs, are around 20%, an all-time high.

 

 

Yep Roger thx for the data, the REAL WORLD situation of most people is absolutely horrendous - I have alot of feedback from sources ...quite honestly people cannot find jobs that pay enough to cover rent/food  in major cities ...

its rents in particular that are not coming down and take most of people pay check - then most people have big debt burden which of course is rising with rates.

The only thing that will prevent most going bankrupt over next 1-2 years is fALLING rents and food prices - but we haven't even stopped RISNG yet! ....and only way to get that drop would be a recession = lost jobs,

which doesn't help paying rent/food  - whatever, I give up explaining facts/data/ reality to most people they don't want to hear it but as I say, it won't change the outcome just like it didn't all of history.

Edited by EntropyModel, 09 March 2023 - 01:22 PM.

 

The only thing that will prevent most going bankrupt over next 1-2 years is fALLING rents and food prices

What will make rents to fall?  Oversupply

However, if home foreclosures increase, (due to overextended credit woes?), I would assume that rental demand will increase along with demand-driven price.

.

I remember an apartment owner in the 1970's fuming over increasing supply due to government sponsored, rent controlled, building programs which were not profitable on their own, So guess who will pay for that...

"Why work?" he said. Get on the dole.

Edited by Rogerdodger, 09 March 2023 - 09:18 PM.