You Know What Really Grinds My Gears? Now with 3x more gears...

[The Fisher Account]

Getting photos from friends and family and their all in 'Live' mode. Why did Apple ever think this should be a 'thing'? Annoying.

[powderjunkie]

Originally Posted by The Fisher Account

Getting photos from friends and family and their all in 'Live' mode. Why did Apple ever think this should be a 'thing'? Annoying.

What don't you like about it?

I think it's awesome - it finds optimal smile(s)/open eyes, which is particularly helpful with reluctant models like kids. And when I'm trying to catch a shot of my kid doing something cute, it can be awesome to have a little video to go along with it

[curves2000]

The price of extra virgin olive oil RGMG's. Having done the work myself in harvesting olives, I know how much work it is and the expenses associated with it.

What has really pissed me off is that it's evident that a lot of the larger importers have raised their prices on 2021-2022 harvested stock in the warehouse to reflect 2023 pricing. These costs have now been passed down onto retailers and specialty stores.

Nothing like a 50+ % increase in costs for a product that has a best before date of spring/summer 24 and was harvested when olive oil was less than 3 Euros a kg.

[MoneyGuy]

I love Live mode.

[GGG]

Originally Posted by curves2000

The price of extra virgin olive oil RGMG's. Having done the work myself in harvesting olives, I know how much work it is and the expenses associated with it.

What has really pissed me off is that it's evident that a lot of the larger importers have raised their prices on 2021-2022 harvested stock in the warehouse to reflect 2023 pricing. These costs have now been passed down onto retailers and specialty stores.

Nothing like a 50+ % increase in costs for a product that has a best before date of spring/summer 24 and was harvested when olive oil was less than 3 Euros a kg.

If the price on 2023 olive olive oil dropped 50% would you buy the 2022 olive oil for the 2022 price?

Commodities have to be sold at the spot price or at the future price. You can’t get the past price either for selling or buying.

[Cecil Terwilliger]

I’ve never seen Live Photos that don’t look like trash. As small video clips they can be cool tho.

[White Out 403]

I'm not sure if this a great grinder or makes me happy but I made the responsible choice of cancelling a TV order I made online. I found a 65" LG C3 that is a really beautiful TV, but with all the home reno costs coming up higher than expected I blanched this morning and decided to cancel the order for now. Once I get a new career going I'll reward myself.

Still. It's a pretty Tv.

[Brendone]

Originally Posted by White Out 403

I'm not sure if this a great grinder or makes me happy but I made the responsible choice of cancelling a TV order I made online. I found a 65" LG C3 that is a really beautiful TV, but with all the home reno costs coming up higher than expected I blanched this morning and decided to cancel the order for now. Once I get a new career going I'll reward myself.

Still. It's a pretty Tv.

Glass half full, that tv will be out of date in a year and you’ll be getting what ever next gen tv shows up at the time.

[curves2000]

Originally Posted by GGG

If the price on 2023 olive olive oil dropped 50% would you buy the 2022 olive oil for the 2022 price?

Commodities have to be sold at the spot price or at the future price. You can’t get the past price either for selling or buying.

I understand commodity and market mechanism pricing but what is pissing me off is the level of greed within the food supply chain. This is causing undue hardship on consumers, businesses and with unintended consequences such as long term health. I can assure you that a lot of restaurants are going to cut back onto their EVOO and will use sub standard quality oils.

My issue is with the obvious greed. Container costs for imports have fallen substantially since 2022 yet the pricing is not reflected in imported goods amongst other costs.

Let's forget olive oil for a moment and turn what is happening to the beef market in a hypothetical scenario.

Beef prices skyrocket due to drought, market conditions, supply chain issues and overall greed. The supermarket is now selling steak at a much higher price than before but it's expiry date is for tomorrow, with no real prospect of additional supply coming in this week. Sure you can buy it and eat it but it's a piss off. You can't get the fresh beef cause it hasn't come online yet and when it does come, it will be substantially higher.

What is happening is companies and businesses are just raising prices for the sake of raising prices to **** everybody. Nobody is looking at not doing it.

I bought a pair of sneakers in summer 2022 that I loved, they were a 2021 model on sale. Since I loved them so much, I almost bought the same pair in 2023 recently. I noticed the price was literally 20% higher than it was in 2022 for no reason. We are literally seeing inflation go up on old goods, collecting dust in warehouses.

I am in business and totally understand the environment we are all in but it still is a gear grinder when nobody, especially government, is even trying to get a lid on things inflation wise. All the talk about inflation really falling is not what is actually happening on the street level.

[Slava]

Originally Posted by curves2000

I understand commodity and market mechanism pricing but what is pissing me off is the level of greed within the food supply chain. This is causing undue hardship on consumers, businesses and with unintended consequences such as long term health. I can assure you that a lot of restaurants are going to cut back onto their EVOO and will use sub standard quality oils.

My issue is with the obvious greed. Container costs for imports have fallen substantially since 2022 yet the pricing is not reflected in imported goods amongst other costs.

Let's forget olive oil for a moment and turn what is happening to the beef market in a hypothetical scenario.

Beef prices skyrocket due to drought, market conditions, supply chain issues and overall greed. The supermarket is now selling steak at a much higher price than before but it's expiry date is for tomorrow, with no real prospect of additional supply coming in this week. Sure you can buy it and eat it but it's a piss off. You can't get the fresh beef cause it hasn't come online yet and when it does come, it will be substantially higher.

What is happening is companies and businesses are just raising prices for the sake of raising prices to **** everybody. Nobody is looking at not doing it.

I bought a pair of sneakers in summer 2022 that I loved, they were a 2021 model on sale. Since I loved them so much, I almost bought the same pair in 2023 recently. I noticed the price was literally 20% higher than it was in 2022 for no reason. We are literally seeing inflation go up on old goods, collecting dust in warehouses.

I am in business and totally understand the environment we are all in but it still is a gear grinder when nobody, especially government, is even trying to get a lid on things inflation wise. All the talk about inflation really falling is not what is actually happening on the street level.

Well, a couple things. First, haven’t your costs risen through 2023? Of course they have, and as a business owner you either eat that and keep prices the same or pass it along. That’s just plain obvious.

But, on inflation specifically, it has come down. The issue is that inflation today is ~3%, and say this time last year it was closer to 4.5%. In both cases, prices are rising, but today they rise at a much slower rate. This is called disinflation.

Deflation is where prices decline.

[Sliver]

Originally Posted by Slava

Well, a couple things. First, haven’t your costs risen through 2023? Of course they have, and as a business owner you either eat that and keep prices the same or pass it along. That’s just plain obvious.

But, on inflation specifically, it has come down. The issue is that inflation today is ~3%, and say this time last year it was closer to 4.5%. In both cases, prices are rising, but today they rise at a much slower rate. This is called disinflation.

Deflation is where prices decline.

This and another thing.

It doesn't matter what the cost of a company's inventory was with respect to a retail sale price. Its cost value should always be current. That is, the value of your inventory is the current cost to purchase.

Think of it this way: If you asked me for the value of my house, wouldn't it be more accurate to give you today's price versus the price I paid 14 years ago? Its value today is very much independent of the price I paid in 2009.

[curves2000]

Originally Posted by Slava

Well, a couple things. First, haven’t your costs risen through 2023? Of course they have, and as a business owner you either eat that and keep prices the same or pass it along. That’s just plain obvious.

But, on inflation specifically, it has come down. The issue is that inflation today is ~3%, and say this time last year it was closer to 4.5%. In both cases, prices are rising, but today they rise at a much slower rate. This is called disinflation.

Deflation is where prices decline.

I understand business as I said, inflation is hitting everybody but it is being made worse by actual greed and poor policy. As I said, it's a gear grinder for what is obviously an issue. If this continues with food inflation and we allow it to happen, then we have problems.

Apple wouldn't be able to get away with charging 50% more for last year's iPhone in December 2023.

In regards to EVOO, next year's crop could be a very solid crop and prices may fall depending on weather/fires etc. Olive tree's go in cycles and this year's costs were associated about poor crops in Spain in Italy.

So my gear grinder is if we are going to allow market mechanisms and commodity style pricing with our food supply, which is understandable, then the SAVINGS from lower prices should be passed onto consumers. It doesn't just work one way.

[Slava]

Originally Posted by curves2000

I understand business as I said, inflation is hitting everybody but it is being made worse by actual greed and poor policy. As I said, it's a gear grinder for what is obviously an issue. If this continues with food inflation and we allow it to happen, then we have problems.

Apple wouldn't be able to get away with charging 50% more for last year's iPhone in December 2023.

In regards to EVOO, next year's crop could be a very solid crop and prices may fall depending on weather/fires etc. Olive tree's go in cycles and this year's costs were associated about poor crops in Spain in Italy.

So my gear grinder is if we are going to allow market mechanisms and commodity style pricing with our food supply, which is understandable, then the SAVINGS from lower prices should be passed onto consumers. It doesn't just work one way.

Well it wasn’t just “poor crops” though. The extreme weather overall made those crops extremely poor, which of course impacts the overall supply of EVOO? You keep saying you understand business, so let’s say that you’ve store some EVOO for a year now and after a poor harvest you have a rise in the current prices. Are you suggesting that you’d sell it for last years price, foregoing the storage costs, a year of inflation and ignoring the current market price? That seems ill-advised.

[Fuzz]

I just watched a story that said olive trees are getting devastated by disease as it moves up Italy's boot. They won't grow back any time soon, and there is nothing to stop it form spreading. So this may be as cheap as it will ever be.

[Brendone]

Originally Posted by Fuzz

I just watched a story that said olive trees are getting devastated by disease as it moves up Italy's boot. They won't grow back any time soon, and there is nothing to stop it form spreading. So this may be as cheap as it will ever be.

So is now the right time to trade 40kg of white sugar for olive oil?

[Locke]

Originally Posted by Brendone

So is now the right time to trade 40kg of white sugar for olive oil?

Its a brave strategy...lets see how it works out.

[curves2000]

Originally Posted by Slava

Well it wasn’t just “poor crops” though. The extreme weather overall made those crops extremely poor, which of course impacts the overall supply of EVOO? You keep saying you understand business, so let’s say that you’ve store some EVOO for a year now and after a poor harvest you have a rise in the current prices. Are you suggesting that you’d sell it for last years price, foregoing the storage costs, a year of inflation and ignoring the current market price? That seems ill-advised.

Yes, I am in the olive oil and imported foods business. I totally understand it. It's the gear grinder! There are new shipments of products that are literally weeks from expiry that have gone up 50% and more. What does anybody do other than pass on the costs, which is unfortunate. What do you think these stores are doing? Selling it.

EVOO and other products from Europe are having this occur. This isn't wine or watches that go up in value. These are products that have limited shelf life . There is literally a mountain of olive oil, cheeses and more that is being brought into Canada that has or will have an altered taste because of it's age.

Greeks, Italian's and Spainards are not paying more for LAST year's oil. This is a gear grinder because, like a LOT of the importers say flat out, you ****ing stupid American's (cause they lump Canadians in with American's) will buy and eat any garbage we send you.

This is the equivalent of portfolio managers in your business and my former life, paying substantial premiums for a bond fund with holdings paying 2021 interest rates. It would not happen. There is low demand for investment managers to be paying premiums for low yield bonds.

Nobody here in their right mind is paying the same or more money for an older car vs a brand new model of the same line. As I said, Apple isn't charging 50% more for a 2021 iPhone.

When you go to the grocery store, you are not paying more for stale bread, smelly fish and brown meat. I highly doubt that the next time you buy EVOO you would select the older, expiring can vs the 2023 harvest. You can tell by the LOT number on the tin or bottle when it was harvested.

I get that some people think this is a nothing thing but a few of the specific importers I deal with are legit billionaires, that is plurral.

The mentality and the pushback is exactly this, you Canadians are stupid and will just pay or buy things without knowing. It stings but in some ways, what they say is kinda true.

If anybody want's anymore tricks of the trade for how to spot low grade garbage that has gone up in price, I am all for it. Like celebrity chef Anthony Bourdain once said, it's not old, rotten fish I am selling you, it's a fish soup with veggies to hide the taste. It's a new dish!

[jayswin]

Originally Posted by White Out 403

I'm not sure if this a great grinder or makes me happy but I made the responsible choice of cancelling a TV order I made online. I found a 65" LG C3 that is a really beautiful TV, but with all the home reno costs coming up higher than expected I blanched this morning and decided to cancel the order for now. Once I get a new career going I'll reward myself.

Still. It's a pretty Tv.

Didn't you recently move to Cape Breton? Did you have a career lined up when you moved and it didn't work out?

[Wormius]

nm

[White Out 403]

Originally Posted by jayswin

Didn't you recently move to Cape Breton? Did you have a career lined up when you moved and it didn't work out?

Long story short is my employer in Alberta is busily outsourcing all Canadian workers and although I would have happily worked for them in Cape Breton just for the money I was making, when they offered the last package I was one of many thousands who took it. Telus has become a hellscape and a nightmare employer.

Edit. To add, the severance package includes enough of a bonus payout that I will comfortably be able to live and pay for all our family needs until the summer. Now if I don't have a job by the summer things get dicey but at least I'll have EI at that time. But ideally that won't happen