So rate increases are nearing end, fed balance sheet on sharp incline, bank bailouts.
2%…sure right.
“The Committee anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.“
Off-ramping this off-ramp topic.
but WTH is a mileage tax?
https://twitter.com/RichardPBailey_/status/1643696981616001024?s=20
It’s an additional tax that would be levied on every mile of driving, which would be in addition to the highest gas tax** in the US, the most burdensome regulations for the petroleum industry (which is just more gas tax, only indirectly), the cap and trade program (another indirect gas tax), the ridiculous vehicle license fees (which they still want to double), etc.
Newsome also just created a new bureaucracy to punish oil companies for “excess profits,” but of course the additional costs will be passed to consumers, so it’s another indirect gas tax.
** California and municipalities also charge sales tax on gas, which is calculated after the gas tax is added in, so you’re paying sales tax on gas tax. And the last gas tax increase that was passed by the CA legislature included automatic future tax increases tied to an inflation index, so they don’t even have to vote on gas tax increases anymore, they just happen by operation of law.
I also read yesterday that there’s a proposal to split utility bills into two sections: one that’s determined by usage, and the other is to be based on income (which is also already heavily taxed).
Theft.
Yeah we discussed that in this thread:
I see you licked the cardboard too 
Must be nice to eat two Big Macs for lunch
Most of us are trying to get by on the dollar value menu
To avoid being landfilled, I think the fed interest rate increases have left the dollar menu as symbolic only. Everything is like two fifty.
#BadopbupbupbaInflation
the dollar menu? I haven’t seen that in years. Living in NYC sucks
That’s not NYC. McDonald’s killed the dollar menu in 2013.
Fed just hike the rates again yesterday, any thoughts on how would it affect MF next month?
Negatively. Make a lease a bit more expensive
If only we had a crystal ball to figure out what will happen to interest rates when interest rates go up
Jeff Bezoz feeling it the most
Nobody has a crystal ball, but it’s unlikely that they all go up immediately. The likely trend over the next quarter will be up — except for OEMs that subvent the MF to move more cars.
Captives aren’t borrowing from the Fed at the discount window, they have a capital pool from which to lend. As that is drawn down and they need more, any additional that they raise may be at higher rates.
There were surprisingly a lot of locations in the flyover states (Midwest, south, mountain west) who were still running it even last year. At least, they still had $1 items on their “dollar and more” or “value” menus. Perks of living in places nobody wants to live is that they’re the last to get hit with changes.
Not sure about specific franchises but they still have the $1, $2, $3 menu. So almost all franchises still have four or five items that are a dollar. But nothing since the dollar menu has resonated with consumers in the same way. The dollar menu was a cultural touchpoint - here we are talking about it ten years later. Just like Subway’s five dollar footlongs.
Of course both of these ideas pretty quickly became unpopular with franchisees as they are great for creating revenue (on which royalty payments are calculated) but bad for creating a profitable franchise.
Not really on topic but I find the dollar menu/five dollar footlong fascinating after talking to a friend of mine who basically took a business school class on them. How do you replicate creating such a culturally known sales campaign.