The Economy

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DiabloWags
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LudwigsFountain said:

DiabloWags said:

I've read that California needs to reduce its total producing vineyard acreage to approximately 410,000425,000 acres to balance supply with current demand.

That's a lot of acreage.

A ton of high quality cabernet grapes that used to sell for $10 - $12,000 are now going for $2500.



410,000,425,000 acres?

Is that a typo? Equal to 640 million square miles. That's orders of magnitude bigger than all of California


My bad.
I meant to say 410,000 to 425,000 TONS of GRAPES.

There were literally 400,000 TONS of grapes left unharvested across California in 2024.
IN 2025, that number literally doubled to 820,000 TONS

And the cost to rip up an acre of vines has increased from $1500 - $1600 per acre to $2,000 to $3,000 acre. Never mind harsher restrictions in the Napa Valley for burning vines.
It's become outlawed in the San Joaquin Valley.




Ag Alert

California wineries ripping out vineyards over supply, less demand, changes in industry to blame: Here's a look at impact - ABC7 San Francisco

California's Grape Surplus: Challenges, Solutions and Unexpected Opportunities - Crafted ERP
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smh
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^ sad, good luck.
sighned, not dead yet # funk trunk
Aunburdened
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LudwigsFountain said:

DiabloWags said:

I've read that California needs to reduce its total producing vineyard acreage to approximately 410,000425,000 acres to balance supply with current demand.

That's a lot of acreage.

A ton of high quality cabernet grapes that used to sell for $10 - $12,000 are now going for $2500.



410,000,425,000 acres?

Is that a typo? Equal to 640 million square miles. That's orders of magnitude bigger than all of California

AntiochWags doesn't make mistakes. Just ask him.
DiabloWags
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Aunburdened said:

LudwigsFountain said:

DiabloWags said:

I've read that California needs to reduce its total producing vineyard acreage to approximately 410,000425,000 acres to balance supply with current demand.

That's a lot of acreage.

A ton of high quality cabernet grapes that used to sell for $10 - $12,000 are now going for $2500.



410,000,425,000 acres?

Is that a typo? Equal to 640 million square miles. That's orders of magnitude bigger than all of California

AntiochWags doesn't make mistakes. Just ask him.


I've made plenty of mistakes in my life because Ive had skin in the game. One thing the financial markets have taught me is how to CUT YOUR LOSERS.

You should put some money at RISK in the market someday. You might learn something valuable like I did.

PS. Notice that liberals like Bernie and Liz never use the word RISK. It's not in their vocabulary.

The problem with socialism is that you eventually run out of other people's money. - - - Margaret Thatcher
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BearlySane88
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DiabloWags
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I guess the tariffs on steel and aluminum aren't working out as planned?

Trade representative hints there might be changes to steel and aluminum tariffs

https://share.google/9SK4du9JCoM2fLSzm


https://finance.yahoo.com/news/trumps-potential-steel-aluminum-rollback-would-be-latest-tariff-reversal-amid-broader-affordability-push-185956950.html
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BearlySane88
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DiabloWags
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PAC-10-BEAR said:


Projection is now confirmation.


What a difference one quarter makes.
Consumer spending only 2.4% vs 3.5% in Q3



US economy grows at 1.4% rate in the fourth quarter, slower than expected
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dajo9
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DiabloWags said:

Aunburdened said:

LudwigsFountain said:

DiabloWags said:

I've read that California needs to reduce its total producing vineyard acreage to approximately 410,000425,000 acres to balance supply with current demand.

That's a lot of acreage.

A ton of high quality cabernet grapes that used to sell for $10 - $12,000 are now going for $2500.



410,000,425,000 acres?

Is that a typo? Equal to 640 million square miles. That's orders of magnitude bigger than all of California

AntiochWags doesn't make mistakes. Just ask him.


I've made plenty of mistakes in my life because Ive had skin in the game. One thing the financial markets have taught me is how to CUT YOUR LOSERS.

You should put some money at RISK in the market someday. You might learn something valuable like I did.

PS. Notice that liberals like Bernie and Liz never use the word RISK. It's not in their vocabulary.

The problem with socialism is that you eventually run out of other people's money. - - - Margaret Thatcher

I do remember taking a lot of crap from you for misquoting Brent Crude oil once.

And in regards to Margaret Thatcher - England had universal healthcare before, during, and after Thatcher's time in office. Can we have that kind of not-socialism?
Censorship has always been a tool of the fascist
DiabloWags
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dajo9 said:

I do remember taking a lot of crap from you for misquoting Brent Crude oil once.


And don't forget the bond market vigilantes, which I kindly took "offline" via PM.
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dajo9
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DiabloWags said:

dajo9 said:

I do remember taking a lot of crap from you for misquoting Brent Crude oil once.


And don't forget the bond market vigilantes, which I kindly took "offline" via PM.


Yes, since that discussion rates are lower. You are like Godot, waiting for bond vigilantes.
Censorship has always been a tool of the fascist
DiabloWags
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Core PCE for December accelerated to 3.0% from 2.8% in November.
No wonder why the last Fed Meeting was filled with "hawkish" comments.


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DiabloWags
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dajo9 said:

DiabloWags said:

dajo9 said:

I do remember taking a lot of crap from you for misquoting Brent Crude oil once.


And don't forget the bond market vigilantes, which I kindly took "offline" via PM.


Yes, since that discussion rates are lower. You are like Godot, waiting for bond vigilantes.


As I recall, we were discussing whether or not Bond Vigilantes existed.
I corrected you that they still exist and in fact showed up in Japan recently.

As I recall, there was no "timing" involved.
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dajo9
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DiabloWags said:

dajo9 said:

DiabloWags said:

dajo9 said:

I do remember taking a lot of crap from you for misquoting Brent Crude oil once.


And don't forget the bond market vigilantes, which I kindly took "offline" via PM.


Yes, since that discussion rates are lower. You are like Godot, waiting for bond vigilantes.


As I recall, we were discussing whether or not Bond Vigilantes existed.
I corrected you that they still exist and in fact showed up in Japan recently.

As I recall, there was no "timing" involved.


Lol. Japan - where the 10 year yield is 2.1%
Censorship has always been a tool of the fascist
DiabloWags
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Fed Displays a 'Hawkish Tilt' Amid Inflation Fear: Evening Briefing Americas - Bloomberg
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dajo9
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DiabloWags said:

PAC-10-BEAR said:


Projection is now confirmation.


What a difference one quarter makes.
Consumer spending only 2.4% vs 3.5% in Q3



US economy grows at 1.4% rate in the fourth quarter, slower than expected

GDP growth by year:

2022 - 2.5%
2023 - 2.9%
2024 - 2.8%
2025 - 2.2%
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dajo9
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DiabloWags said:





Fed Displays a 'Hawkish Tilt' Amid Inflation Fear: Evening Briefing Americas - Bloomberg


OK, Godot
Censorship has always been a tool of the fascist
DiabloWags
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dajo9 said:

DiabloWags said:

dajo9 said:

DiabloWags said:

dajo9 said:

I do remember taking a lot of crap from you for misquoting Brent Crude oil once.


And don't forget the bond market vigilantes, which I kindly took "offline" via PM.


Yes, since that discussion rates are lower. You are like Godot, waiting for bond vigilantes.


As I recall, we were discussing whether or not Bond Vigilantes existed.
I corrected you that they still exist and in fact showed up in Japan recently.

As I recall, there was no "timing" involved.


Lol. Japan - where the 10 year yield is 2.1%


FACT: The yields on the JGB 40-year broke 4% for the first time in 30 years last month and traded as high as 4.2% on Jan. 21st.

Doesn't sound like you were aware of this.


Japan's $7 trillion JGB crash pushes yields higher and spooks global markets

JGB Yields Break 4%. Sanae Takaichi's Political Gamble Is Setting Off a Massive Wave of Global Capital



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DiabloWags
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dajo9 said:

DiabloWags said:





Fed Displays a 'Hawkish Tilt' Amid Inflation Fear: Evening Briefing Americas - Bloomberg


OK, Godot


Funny.
Do you really think that the Federal Reserve is going to lower rates with Core PCE at 3.0%?


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dajo9
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DiabloWags said:

dajo9 said:

DiabloWags said:





Fed Displays a 'Hawkish Tilt' Amid Inflation Fear: Evening Briefing Americas - Bloomberg


OK, Godot


Funny.
Do you really think that the Federal Reserve is going to lower rates with Core PCE at 3.0%?




I think that for the most part, market based rates in the U.S. will follow patterns of economic growth
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DiabloWags
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Hahahahahahaaa!
Dude can't even spell correctly.


Trump appears to fumble spelling in new attack on his own 'worst' appointee - Raw Story
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DiabloWags
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Not a good day for the White House

1.) GDP at 1.4%

2.) Core PCE at 3.0%

3.) SCOTUS rejects Tariffs

Can't wait for Trump supporters to scour their Twitter feeds and regurgitate lots of "spin".


Will the Supreme Court rule on Trump's tariffs this Friday?
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DiabloWags
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U.S. cattle herds are at the lowest level in 75 years, putting meat in short supply and spurring ground beef prices up 17% since a year ago January and up 68% since 2020.

Must be Biden's fault.
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oski003
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DiabloWags said:

U.S. cattle herds are at the lowest level in 75 years, putting meat in short supply and spurring ground beef prices up 17% since a year ago January and up 68% since 2020.

Must be Biden's fault.



Based on your comment alone, this appears to be 75% Biden's fault.
movielover
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DiabloWags said:

U.S. cattle herds are at the lowest level in 75 years, putting meat in short supply and spurring ground beef prices up 17% since a year ago January and up 68% since 2020.

Must be Biden's fault.



Drought and interest rates. Too bad we can't creatively tap into 6 million feral hogs and find a win-win scenario. Kill, cook, and use em for pet food?
DiabloWags
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oski003 said:

DiabloWags said:

U.S. cattle herds are at the lowest level in 75 years, putting meat in short supply and spurring ground beef prices up 17% since a year ago January and up 68% since 2020.

Must be Biden's fault.



Based on your comment alone, this appears to be 75% Biden's fault.


Of course, your comment naively neglects to consider that steers don't just show up overnight.
They take on average 90 to 200 days to reach optimal weight.

And never mind that Ranchers began shrinking their herds several years ago because of poor financial conditions stemming from the Covid pandemic.

A severe draught also burned up grazing pastures, sending hay prices dramatically higher and making it more expensive to feed livestock.

Drought and Cattle: Implications for Ranchers

Hope this helps educate you on the topic.




oski003
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DiabloWags said:

oski003 said:

DiabloWags said:

U.S. cattle herds are at the lowest level in 75 years, putting meat in short supply and spurring ground beef prices up 17% since a year ago January and up 68% since 2020.

Must be Biden's fault.



Based on your comment alone, this appears to be 75% Biden's fault.


Of course, your comment naively neglects to consider that steers don't just show up overnight.
They take on average 90 to 200 days to reach optimal weight.

And never mind that Ranchers began shrinking their herds several years ago because of poor financial conditions stemming from the Covid pandemic.

A severe draught also burned up grazing pastures, sending hay prices dramatically higher and making it more expensive to feed livestock.

Drought and Cattle: Implications for Ranchers

Hope this helps educate you on the topic.




It is not too late to educate yourself.https://www.amazon.com/s?k=books+on+how+to+read&adgrpid=189014041880&hvadid=779609653912&hvdev=m&hvexpln=0&hvlocphy=9031008&hvnetw=g&hvocijid=10900048332294106178--&hvqmt=e&hvrand=10900048332294106178&hvtargid=kwd-429571510200&hydadcr=15153_13840028_1319840&mcid=4aeaebb746603540bbed835d1d7eb69d&tag=hydsma-20&ref=pd_sl_8l6r7y2rjy_e
DiabloWags
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Here, let me help educate you again with a free link to a recent article in the WSJ.
It describes why Ranchers have been shrinking their herds since Covid.

Covid had a massive impact on our food supply did it not?
So are you blaming Biden for Covid and shrinking the beef supply?

https://www.wsj.com/business/beef-prices-higher-cattle-2e0a9b65?st=dmXqej&reflink=desktopwebshare_permalink


oski003
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DiabloWags said:

Here, let me help educate you again with a free link to a recent article in the WSJ.
It describes why Ranchers have been shrinking their herds since Covid.

Covid had a massive impact on our food supply did it not?
So are you blaming Biden for Covid and shrinking the beef supply?

https://www.wsj.com/business/beef-prices-higher-cattle-2e0a9b65?st=dmXqej&reflink=desktopwebshare_permalink





The major shrinkage was in Biden's administration, and he was powerless to do anything to stop it. Got it. Thank you for clarifying. I could have sworn you were implying that Trump was at fault. Thanks again for clarifying that you weren't.
DiabloWags
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oski003 said:


The major shrinkage was in Biden's administration, and he was powerless to do anything to stop it. Got it. Thank you for clarifying. I could have sworn you were implying that Trump was at fault. Thanks again for clarifying that you weren't.


And where did I say that?

Diablo Wags said:

U.S. cattle herds are at the lowest level in 75 years, putting meat in short supply and spurring ground beef prices up 17% since a year ago January and up 68% since 2020.

Must be Biden's fault.

oski003
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DiabloWags said:

oski003 said:


The major shrinkage was in Biden's administration, and he was powerless to do anything to stop it. Got it. Thank you for clarifying. I could have sworn you were implying that Trump was at fault. Thanks again for clarifying that you weren't.


And where did I say that?



It is fine that you weren't implying that. Maybe you were simply implying that Trump would blame Biden and carried no further implications. Is it okay to reply to you? You do realizing we are having a conversation with each other, right? Are you going to now post a count of my replies to you and complain that I am a stalker? It is getting very old.
DiabloWags
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oski003 said:

DiabloWags said:

oski003 said:


The major shrinkage was in Biden's administration, and he was powerless to do anything to stop it. Got it. Thank you for clarifying. I could have sworn you were implying that Trump was at fault. Thanks again for clarifying that you weren't.


And where did I say that?



It is fine that you weren't implying that. Maybe you were simply implying that Trump would blame Biden and carried no further implications. Is it okay to reply to you? You do realizing we are having a conversation with each other, right? Are you going to now post a count of my replies to you and complain that I am a stalker? It is getting very old.


Your reading comprehension is poor.
I not only stated that beef prices were up 16% since 2025 but also up 68% since 2020 when Biden was elected.

You can put me on IGNORE.
But you have refused to do so.

Instead, you involve yourself in these silly pedantic posts in which the majority of your REPLIES are to me and no one else in this Forum. - - - It is getting very old.




oski003
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DiabloWags said:

oski003 said:

DiabloWags said:

oski003 said:


The major shrinkage was in Biden's administration, and he was powerless to do anything to stop it. Got it. Thank you for clarifying. I could have sworn you were implying that Trump was at fault. Thanks again for clarifying that you weren't.


And where did I say that?



It is fine that you weren't implying that. Maybe you were simply implying that Trump would blame Biden and carried no further implications. Is it okay to reply to you? You do realizing we are having a conversation with each other, right? Are you going to now post a count of my replies to you and complain that I am a stalker? It is getting very old.


Your reading comprehension is poor.
I not only stated that beef prices were up 16% since 2025 but also up 68% since 2020 when Biden was elected.

You can put me on IGNORE.
But you have refused to do so.

Instead, you involve yourself in these silly pedantic posts in which the majority of your REPLIES are to me and no one else in this Forum.




It is fine that you weren't implying that. Maybe you were simply implying that Trump would blame Biden and carried no further implications. Is it okay to reply to you? You do realizing we are having a conversation with each other, right? Are you going to now post a count of my replies to you and complain that I am a stalker? It is getting very old.
concordtom
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Take a look at a one year chart of EEM, the emerging markets etf
concordtom
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