Posted on 03/31/2011 11:41:43 AM PDT by The Magical Mischief Tour
Its USAToday so link only.
http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm
I guess this is a real inflation announcement compared to the BLS. They only use I-pods as a gauge for inflation.
The shippers will instead go to Mexican ports & ship stuff via truck . Simpler & cheaper than retrofitting ships engines to run on different fuels just cause Californians are daft.
The largest factor in the increased standard of living for Americans in the 1990’s boom years was... Wal-Mart.
If Wal-Mart is predicting an inflation rise, we can inside of a year see all of the gains of the 1990’s and early 2000’s wiped out in the real effects on the vast majority of Americans. And Canadians, and Australians, and Brits, Irish, etc.
http://dynamist.com/articles-speeches/nyt/walmart.html
Lessons in keeping business humming, courtesy of Wal-Mart U.
By Virginia Postrel
The New York Times, February 28, 2002
Now the McKinsey Global Institute, the research arm of the McKinsey consulting firm, reports that Wal-Mart’s impact on the economy goes further than most ever imagined. Wal-Mart’s managerial innovations contributed mightily to the big increase in American productivity in the late 1990’s, an increase most observers assumed came from high-technology companies.
The McKinsey study looks at why labor productivity shot up in the late 1990’s and how important information technology was in that acceleration.
“Surprisingly, the primary source of the productivity gains of 1995 to 1999 was not increased demand resulting from the stock market bubble, as some economists have claimed. Nor was information technology the source, though companies accelerated the pace of their I.T. investments during those years,” reports a summary of the findings published in The McKinsey Quarterly. “Rather, managerial and technological innovations in only six highly competitive industries — wholesale trade, retail trade, securities, semiconductors, computer manufacturing and telecommunications — were the most important causes.” (The journal is online at www.mckinseyquarterly.com, and the entire study is at www.mckinsey.com/knowledge/mgi/feature/index.asp.)
Competition and better management, not simply the spread of computers and the Internet, made the difference. Nowhere was that clearer than in retailing.
From 1987 to 1995, labor productivity grew an average of 1 percent a year. From 1995 to 1999, it grew 2.3 percent a year. This big jump, combined with increased employment, meant that real output per capita grew nearly 4 percent a year — an extraordinarily fast rate, comparable with those of some Asian economies during their period of economic takeoff.
A quarter of that increased productivity came from retailing. And about a sixth of the improvement in retail productivity came from general merchandise, most of it directly or indirectly from Wal-Mart.
“More than half of the productivity acceleration in the retailing of general merchandise can be explained by only two syllables: Wal-Mart,” writes Bradford C. Johnson in a McKinsey Quarterly article “The Wal-Mart Effect.” As Wal-Mart became more and more efficient, its share of the market expanded, thereby applying its efficiency to a larger portion of total purchases. And Wal-Mart’s rivals began to emulate its highly productive practices.
“I can see my Chinese products from my back porch!”
But seriously, I would tend to believe the CEO of Wal-Mart more so than the govt (duh) or my broker.
Due to the one child policy, internal food inflation in China, and the increased prices farmers are receiving for agricultural goods in China, China’s workforce is shrinking by 18 million factory workers per year. Has been since 2007, will continue at that rate for each and every year until at least 2025. In total, 200 million less factory workers means the collective and individual bargaining power of factory workers in China is rapidly increasing, and labor costs are rapidly increasing in real terms since 2009.
Add in as you said, increased power of remnimbi yuan against USD.
Rightly Biased wrote: Sarcasm
I use it often here...
I apologize then. Sarcasm from an intelligent person sometimes looks so much like real Liberal drivel that I get carried away.
My plant is also planing for inflation. But there is only so much we can pass along to the consumer.
I was just listening to Glen Beck talk about this on the radio in relation to a black swan event. What is that?
All new heavy construction is up. T4 engines now, 20% bump just for them. Much of it comes out of Japan, not now! another bump. Used equip. just got more valuable because of that. Oh yea, just like the Carter years. Misery index can’t be far behind this.
Wal-Mart, love ‘em or hate ‘em, has a supply chain and retail database and analysis system like no other. If they say prices are going up, they will.
A 5th grader with a calculator could figger it out.
A 5th grader with a calculator could figger it out.
A black swan event is a rarely occurring surprise event event that has major consequence. Nothing is really surprising about the coming hyper inflation but it will have a major impact.
I recently got into dehydrating, and I’m loving it. Everything from fruits and nuts to jerky.
Tried that. Made me thirsty.
This was done to reduce the amount of COLA (Cost Of Living Adjustment) for Social Sec. and payrolls.
Stating the obvious. Most people outside the conservative venues don’t have a clue: Here is a little rundown for increases of several commodities and their rise over the last year—Cotton up 149%, Silver 115%, Corn 101%, Coffee 95%, Oats 76%, Wheat 69%, and Soybeans 49%. You can find it all at Finviz.com or any other futures service. Hyperinflation is coming folks and you best prepare for Obamugabe’s plan to redistribute US wealth out of this country. This pyschotic hateful SOB is destroying our wealth, our economy, and our kid’s future. He is the head of the snake.
I just turned 5 lbs of onions into a few ounces of onion powder. I added some salt to inhibit bacterial activity. I did the same thing with about 5 lbs of habanero peppers recently. That was kind of miserable work. I want to see about drying about potatoes next. I’m thinking dehydrated hash browns. I found this web site here: https://www.usaemergencysupply.com/information_center/storage_life_of_foods.htm#link9
they have lots of good info on the subject. I’m going to buy at least 50 lbs of their mixed beans and store them in my basement. they should be good for a decade. I’m looking at their cheeses and milk products too.
We’re doing the same thing. I am buying canned goods on sale and putting them away and we’re planning our garden. My Christmas present this year was a big canner. Hubby’s colleagues told him he was crazy, but I loved it! I want to survive the crisis that I fear is coming.
Many oil companies are forecasting $175-$200/BBL oil and $5-$6/gal gas this summer, with possible shortages and rationing. Get ready.
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