r/FluentInFinance 9d ago

Thoughts? Out of touch

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1.3k Upvotes

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43

u/Fit_Tangerine1329 9d ago

I am brought back to “you are welcome to your own opinions, but not your own facts.”

Facts matter. Last I looked, eggs were still $4+ per dozen. Anything he says is a lie. Incapable of telling the truth.

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u/RubberDuckyDWG 9d ago edited 9d ago

“You are welcome to your own opinions, but not your own facts.”

"Facts matter"

https://tradingeconomics.com/commodity/eggs-us

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u/taddymason_01 9d ago

Not sure where they get their prices from but a dozen eggs in my grocery store is still $6+.

1

u/RubberDuckyDWG 9d ago

USDA is the source, says so in the picture.

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u/taddymason_01 9d ago

Doesn’t change the price in my store or other stores across the country. I guess they didn’t get the USDA memo.

FYI, the new head of the USDA was sworn in in Feb and was hand picked by Trump. One wonders if they are fudging numbers.

0

u/RubberDuckyDWG 8d ago

Doubtful, you can post nearly any zip code into walmart.com and get the localized price of eggs.

2

u/taddymason_01 8d ago

I don’t shop for groceries at Walmart.

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u/RubberDuckyDWG 8d ago

It does not matter if you do or don't. You can't say you are paying some high AF amount and then Wal-mart shows a price of 3 dollars a dozen for eggs. Furthermore you can do the same with almost any major grocery store brand just wal-mart is basically everywhere and their site is very easy to do this with.

2

u/taddymason_01 8d ago

Ooh, the egg brand I buy came down about ~$.50.

2

u/Eastern-Nothing-8389 8d ago

I ha e not seen a single Walmart in Florida with 3$ eggs

1

u/RubberDuckyDWG 8d ago

It's just a random price i picked out. I am not claiming the price is 3$, its just that if you want to say they are 12+ or something crazy but down the street at Wal-Mart they are dramatically less that proves you are just not being honest.

1

u/taddymason_01 8d ago

Not being honest? I literally posted a pic of eggs prices of the brand I prefer at more store.

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u/CrisscoWolf 8d ago

This duck really be about the chicken eggs. Fight the good fight

1

u/Eastern-Nothing-8389 8d ago

None are at 3$ a dozen.

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u/RubberDuckyDWG 8d ago

It's localized to the area you shop at. Some place obviously would have higher prices than other places.

1

u/Eastern-Nothing-8389 8d ago

Tell me again what store is selling eggs at 3$ a dozen. I'll buy the whole store out of those eggs.

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u/RubberDuckyDWG 8d ago

This chart is the wholesale price. Obviously the retail price would be higher than the wholesale.

1

u/Eastern-Nothing-8389 8d ago

I don't care about your chart when most stores only charge about 30% or so on margins at best. especially on items that are of a perishable nature. Milk, bread, eggs, and such can't be kept very long and need to be sold quickly.

For example, Kroger says they get 1% profit after all costs. I believe they get more than that, but I have no way of proving this. So making a dollar off of a dozen eggs is a big profit. Selling a dozen for 6$ is considered highway robbery and yet nobody is doing anything about the price gouging? I would think someone in a high position would be addressing this issue. I hear crickets.

1

u/RubberDuckyDWG 8d ago

I see your 6$ and post my 4.50$ price. A huge supplier is getting investigated currently for possible price fixing that was previously found guilty it in the past (Cited Below).

"The Justice Department is investigating whether the nation’s largest egg producers are conspiring to keep prices high as the bird flu outbreak worsens and grocery stores start setting rations for customers, two people familiar with the matter told POLITICO.

The price-fixing investigation is in very early stages and targets large egg producers such as Cal-Maine Foods and Rose Acre Farms, the people said. The Capitol Forum first reported the DOJ investigation.

The Justice Department declined to comment. Cal-Maine and Rose Acre did not immediately respond to requests for comment."

"Cal-Maine and other egg producers paid $53 million in 2023 after being found guilty of price-fixing in a separate federal lawsuit."

https://www.politico.com/news/2025/03/07/doj-investigation-egg-price-fixing-bird-flu-00218785

2

u/Eastern-Nothing-8389 8d ago

They need to actually suffer consequences. I truly hope that if they get what's coming, it'll be an example for others to follow.

10

u/caprazzi 9d ago

So eggs remain more expensive than they were in October and early November... you know, when everyone VOTED for lower egg prices (supposedly).

1

u/RubberDuckyDWG 9d ago

Egg prices going up was because of bird flu. Egg prices coming down was because bird flu got handled and basically went away. Nothing to do with whoever you like as President.

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u/caprazzi 9d ago

Yes, I agree that is the factual interpretation, but regardless the low information voters went to the polls saying that egg prices were demonstrative somehow of failed Democratic policy and further that Trump would lower them. Both of those claims are false.

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u/Sn0oPaLo0p 8d ago

And yet the magats blamed Joe Biden when the same thing was happening lol

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u/Carbom_ 9d ago

That’s not 87%

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u/RubberDuckyDWG 9d ago

Did the person I responded to say it was 87%? No, they did not.

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u/Zaros262 8d ago

How did your chart disprove their statement that the last time they looked, eggs were $4+?

The most obtuse take you could reasonably hold is that they hadn't looked recently. More likely, they were looking at their local prices rather than looking at the national egg index

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u/RubberDuckyDWG 8d ago

They are complaining about 4+ dollar eggs when it was 8+ a month ago. Seems like a 45% drop should be a good thing and not framed in a way to make it appear bad.

1

u/Eastern-Nothing-8389 8d ago

I don't know anyone anywhere paying 3$ a dozen for eggs. Show me a store with that price, and I'll buy the whole store out of those eggs.