Economy Egg prices plunge $2, now lower than when Trump took office

[ColemanwastheGOAT]

Still kinda expensive on Walmart looking at their webstore, and when I type in Discount Code: DonnyGPOAT it's not reducing them to pre-Trump levels, anyone know what's going wrong?

You live in England, so that's probably part of the problem.

 

[GearSolidMetal]

What goal post? I voted for Trump. Just putting in some perspective. Go look at the chart I just linked.

Okay, but the point of the story isn't that they're 'back to normal' (they still have a ways to go in that respect) but at least the price of eggs is lowering without the fear of them rising even further.

From your source -



This isn't a 'problem solved' story, it's a 'step in the right direction' story.

 

[DEVILsSON]

This meme is a perfect simplification of this issue -

View attachment 1086303

Also, if you'd like to hear a non-political perspective of his issue, without naming who's to blame or credit, watch this video by a carnivore-diet YouTuber.

I find it interesting that during the election cycle, Trump and Republicans made egg prices one of the talking points. Now that Trump is president and it's obvious it has nothing to do with the president, you're trying to present some rational explanation for it. ....well yea ...no shit...there was a bird flu pandemic in the chicken population and farmers were forced to euthanize a whole lot of chickens....

Trump, Biden, or any other president once in office would have probably started finding a way to bring down the price through trade...

It's still 10$ a dozen in my local grocery store as of last weekend...

 

[Siver!]

You live in England, so that's probably part of the problem.

I'm assuming the price I got in USD is the same price anyone in America would get?

 

[GearSolidMetal]

I find it interesting that during the election cycle, Trump and Republicans made egg prices one of the talking points. Now that Trump is president and it's obvious it has nothing to do with the president, you're trying to present some rational explanation for it. ....well yea ...no shit...there was a bird flu pandemic in the chicken population and farmers were forced to euthanize a whole lot of chickens....

I find it interesting Biden and Democrats didn't give a damn about inflation or the price of eggs for 4 years and immediately after Trump is sworn in they care immensely.

Actually no, I don't find it interesting because it's so cliché.

I cared about egg prices during Biden, and I care about them under Trump, but the simple fact is not every single problem is going to be fixed upon the utterance of some words on a Bible.

It's still 10$ a dozen in my local grocery store as of last weekend...

I'm curious how rotisserie chickens at Sams has been $5 for the past 5 years without a single price increase even temporarily.

 

[revoltub]

@Strychnine in shambles

Time to make another stupid troll thread?

His YouTube algorithm is about to explode as he tries to find a "trumper" that regrets voting for him now.

 

[DEVILsSON]

I find it interesting Biden and Democrats didn't give a damn about inflation or the price of eggs for 4 years and immediately after Trump is sworn in they care immensely.

That's not true. Egg prices skyrocketing was a recent phenomenon due to the bird flu and you are well aware of it.

Inflation was caused in no small part by Trump and covid19. Biden played a role too. Both passed relief acts which ballooned debt and handed out money. The difference is Trump gave huge cuts to the wealthiest Americans and corporations which never even asked for it.

It's also not immediate but people are asking questions. What is Trump doing to bring down the price of eggs? I've read that his secretary was negotiating with Turkey. That's good. However now that Trump decided to play the tariff game he's majorly fucking our entire economy and country.

Actually no, I don't find it interesting because it's so cliché.

Both parties play this game. It's to be expected.

I cared about egg prices during Biden, and I care about them under Trump, but the simple fact is not every single problem is going to be fixed upon the utterance of some words on a Bible.

I never claimed such a thing...

I'm curious how rotisserie chickens at Sams has been $5 for the past 5 years without a single price increase even temporarily.

It's 5$ at Costco as well.

You want know why that is?

It's because Costco and Sams lose money on it. In fact Costco loses 30-40 million annually on it. Just like they lose money on slice of pizza and drink for 1.50$ that hasn't went up in a couple decades. It's done as a way to attract customers and marketing ploy. To get 5$ rotisserie chickens in my local Costco, you have to walk all the way to the very back of Costco. Last time I was there, there was a line of people waiting for them to finish cooking them. While there, many people buy other goods with large profit margins.

Does Costco Lose Money On The $4.99 Rotisserie Chicken?

Costco's famous rotisserie chicken is juicy, flavorful, and cheap. But its shockingly low price likely means it's a loss leader instead of a profitable product.

www.yahoo.com

 

[GreatSaintGuillotine]

What goal post? I voted for Trump. Just putting in some perspective. Go look at the chart I just linked.

I hate how you can't say anything remotely neutral without people on both sides flipping shit

 

[GearSolidMetal]

That's not true. Egg prices skyrocketing was a recent phenomenon due to the bird flu and you are well aware of it.

With a high chance of the tests giving false positives resulting in entire flocks of chickens being culled needlessly.

Inflation was caused in no small part by Trump and covid19. Biden played a role too. Both passed relief acts which ballooned debt and handed out money. The difference is Trump gave huge cuts to the wealthiest Americans and corporations which never even asked for it.

The Trump tax cuts happened in 2017, so please explain how those tax cuts resulted in massive inflation during Biden's term.

It's also not immediate but people are asking questions. What is Trump doing to bring down the price of eggs? I've read that his secretary was negotiating with Turkey. That's good. However now that Trump decided to play the tariff game he's majorly fucking our entire economy and country.

I find it very interesting timing that eggs prices drop significantly only two days after this announcement -

Both parties play this game. It's to be expected.

One side far more than the other.

I never claimed such a thing...

You didn't.
I'm speaking of the general narrative of Democrats.
My point is Trump needed alittle time to cook. He's had alot of priorities over the last month and a half, and egg prices understandably aren't at the very top of the list.

You want know why that is?

It's because Costco and Sams lose money on it. In fact they Costco loses 30-40 million annually on it. Just like they lose money on slice of pizza and drink for 1.50$ that hasn't went up in a couple decades. It's done as a way to attract customers and marketing ploy. To get 5$ rotisserie chickens in my local Costco, you have to walk all the way to the very back of Costco. Last time I was there, there was a line of people waiting for them to finish cooking them. While there, many people buy other goods with large profit margins.

I actually didn't know why that is, so thank you.
And at my Sams we also have a line waiting for them to be ready. I buy two a week and they last me all week. Good eating & good protein.

 

[avenue94]

What advantages and disadvantages do you like for that CPI versus the BLS or other CPIs?

It couldn't just be that it happens to fit your preordained narrative, right?

 

[avenue94]

I'm curious how rotisserie chickens at Sams has been $5 for the past 5 years without a single price increase even temporarily.

Chicken at club stores are loss leaders. It's pretty straight forward. Same reason video console prices rarely change after launch.

 

[Rob Battisti]

What advantages and disadvantages do you like for that CPI versus the BLS or other CPIs?

It couldn't just be that it happens to fit your preordained narrative, right?

Do you not like truflation?

I found it always to be better than any other aggregate.

CPI has its flaws.

Truflation rose higher during the worst months and lower during the months inflation went down.

 

[Pliny Pete]

That's not true. Egg prices skyrocketing was a recent phenomenon due to the bird flu and you are well aware of it.

Inflation was caused in no small part by Trump and covid19. Biden played a role too. Both passed relief acts which ballooned debt and handed out money. The difference is Trump gave huge cuts to the wealthiest Americans and corporations which never even asked for it.

It's also not immediate but people are asking questions. What is Trump doing to bring down the price of eggs? I've read that his secretary was negotiating with Turkey. That's good. However now that Trump decided to play the tariff game he's majorly fucking our entire economy and country.



Both parties play this game. It's to be expected.


I never claimed such a thing...

It's 5$ at Costco as well.

You want know why that is?

It's because Costco and Sams lose money on it. In fact Costco loses 30-40 million annually on it. Just like they lose money on slice of pizza and drink for 1.50$ that hasn't went up in a couple decades. It's done as a way to attract customers and marketing ploy. To get 5$ rotisserie chickens in my local Costco, you have to walk all the way to the very back of Costco. Last time I was there, there was a line of people waiting for them to finish cooking them. While there, many people buy other goods with large profit margins.

Does Costco Lose Money On The $4.99 Rotisserie Chicken?

Costco's famous rotisserie chicken is juicy, flavorful, and cheap. But its shockingly low price likely means it's a loss leader instead of a profitable product.

www.yahoo.com

I was at Sam's last night and there was a crowd standing back in the back, staring through the glass at those juicy chickens just setting there in the meat department, packaged and ready to be laid out in a few minutes
I think the employees were purposely making them wait LoL

 

[avenue94]

Do you not like truflation?

I found it always to be better than any other aggregate.

CPI has its flaws.

It both rose higher during the worst months and lower during the months inflation went down.

Every index has flaws, that's why I'm asking what exactly people like about truflation (aside from it suiting their argument).

As for me, mostly neutral, but quite skeptical of an index that shifts that quickly. Also skeptical of where they're getting their pricing data from as I work for one of the few US groups that sells pricing data at the scale you need for CPIs. I'm not familiar with

What about you?

Edit: I also don't know of any of their customers. I don't talk to everyone in the world but the data industry isn't very large.

 

[Rob Battisti]

Every index has flaws, that's why I'm asking what exactly people like about truflation (aside from it suiting their argument).

As for me, mostly neutral, but quite skeptical of an index that shifts that quickly. Also skeptical of where they're getting their pricing data from as I work for one of the few US groups that sells pricing data at the scale you need for CPIs.

What about you?

Well, it’s derived daily so you will see price fluctuations in real time. Which, while seemingly erratic, is a feature not a bug.

Truflation is a representation of over 10 million data points versus CPI which is about 80,000 and based on survey data not actual prices. Sounds like you’re familiar with that end of things.

My other issue with CPI is the hedonic pricing adjustments, which may have their place, but I feel like they underrepresent actual inflation. Truflation is based on actual prices.

Now, a lot of Truflation relies on online data so not in-store prices so there IS that argument against it. But, on the whole, it’s a more accurate and less biased account of price inflation versus CPI.

Also CPIs use of OER is not ideal.

 

[Rob Battisti]

In the end:

CPI = Survey Data + Government Adjustments

Truflation = Real Time Data on Actual Market Prices

 

[avenue94]

Well, it’s derived daily so you will see price fluctuations in real time. Which, may seem erratic, but it’s a feature not a bug.

Truflation is a representation of over 10 million data points versus CPI which is about 80,000 and based on survey data not actual prices.

More data points doesn't equal better automatically. How do they collect their data points?

Truflation is a representation of over 10 million data points versus CPI which is about 80,000 and based on survey data not actual prices.

CPI prices are not based on survey data. They do buy both kinds of data, however. Their pricing data is MSRP or its equivalent, which is a flaw...sorta.

There's not really a point in capturing 10 million items...like...that's just dumb in both my personal and professional opinion. Way too much chaff.

My other issue with CPI is the hedonic pricing adjustments which may have their place but I feel like they underrepresent actual inflation. Truflation is based on actual prices.

Hedonic or not is a never ending argument. I don't really deal with it, the CPI I help with doesn't use it. That's for economists to argue about, not decisionmaking.

Now, a lot of Truflation relies on online data so not in-store prices so there IS that argument against it. But, on the whole, it’s a more accurate and less biased account of price inflation versus CPI.

Which again raises the question on how they obtain their data and weigh it. Do you know? Because I'm speaking as someone who works in the data industry and knows how hard and expensive it is to get that data. Note that you can't use Costco.com member prices even though they're one of the biggest retailers in the US.

Or for a simple question, do you know their MAPE?

 

[GearSolidMetal]

What advantages and disadvantages do you like for that CPI versus the BLS or other CPIs?

It couldn't just be that it happens to fit your preordained narrative, right?

Pretty sure that's the narrative you leftists will stick to.

 

[avenue94]

Pretty sure that's the narrative you leftists will stick to.

So you have no idea on why you favor that index vs any other indexes?

Yet you're convinced it's the most accurate. Dunning meet Kruger lol.

 

[GearSolidMetal]

I was at Sam's last night and there was a crowd standing back in the back, staring through the glass at those juicy chickens just setting there in the meat department, packaged and ready to be laid out in a few minutes
I think the employees were purposely making them wait LoL

Freaking love how these side-issues in Warroom bring us all together, regardless of political arguing.