Hey Pomp. I think you missed 1 key data point in Kurt Altrichter's post about the price of Sunflower oil, etc... Or maybe you said it and I missed it, but the price increases on those commodities are over the last month! Scary, man. Another minor point on inflation, but I think it's interesting. Think about tipping. It used to be we tipped at a 15% rate. Now, the standard rate seems to be 20%, and it might be trending up to 22%. Plus, we tip for services where we used to not tip, like counter service or to-go orders. And get this. Someone told me the other day they were prompted for a tip at a a retail clothing store on the Apple Pay screen! I realize no one is holding a gun to our head to pay these tips, but we are still doing it. Another thing to add to the list...
Always appreciate the ten thousand foot view, Pomp. Insistence on low time preference without hitting people over the head with it.
Hey Pomp. I think you missed 1 key data point in Kurt Altrichter's post about the price of Sunflower oil, etc... Or maybe you said it and I missed it, but the price increases on those commodities are over the last month! Scary, man. Another minor point on inflation, but I think it's interesting. Think about tipping. It used to be we tipped at a 15% rate. Now, the standard rate seems to be 20%, and it might be trending up to 22%. Plus, we tip for services where we used to not tip, like counter service or to-go orders. And get this. Someone told me the other day they were prompted for a tip at a a retail clothing store on the Apple Pay screen! I realize no one is holding a gun to our head to pay these tips, but we are still doing it. Another thing to add to the list...
$100k by December?