Spyke

Posts

dull_mens_club·Dull Men's ClubbyHacksaw

I just smoked my first brisket last night

I just got a tiny offset smoker. Almost impossible to manage temperatures. Stayed up most of the night, made a million mistakes. Cooked too hot, a bit too smoky sometimes. Took it off too early thinking it was going to keep cooking during the hot hold until lunch. Had to reheat it to get it going again. Turned out AMAZING. The only real mistake was trying to sear the fat cap to get it to tighten back up a bit. The fat dripped onto the fire and made it smoky in a bad way. I took it off right away, no major damage except some of the fat stuck to the grill lol! Plus I almost dropped it trying to pull off this maneuver!

Everyone was raving about it and I've learned a lot for next time!

View original on lemmy.ca
280
canada·CanadabyHacksaw

Does anyone know what this flag means?

I saw a convoy of about 30 cars on the highway back in October. I looked it up and found nothing. Then I see a Reddit post in /r/vexillollogy with the same flag and no useful answers.

It's so weird that people bought like 100 of these flags and there is no info on them at all!

I flipped the picture to make the flag the right way.

View original on lemmy.ca
83
canada·CanadabyHacksaw

Did company profits fuel inflation? Bank of Canada researchers say no - National | Globalnews.ca

The laughable Bank of Canada report even includes the line

Why did this increase in markups not contribute significantly to inflation? We show that markup growth reached its highest level because of a contraction in firms’ costs [...] during the pandemic-related public health interventions

So when their costs go down they keep the prices the same and pocket the difference, BoC report verdict "profit growth without inflation". So what happens when costs go back up?

We observe a mild contribution of markup growth to inflation in 2021, partially explained by demand rebounding faster than costs. However, the fact that markup growth fell to zero the following year indicates that firms were likely smoothing out their price increases [...] rather than leveraging increases in market power.

So when the costs go back up, they pass 100% of the cost to the consumer and keep their new higher profit margins (no change in markup). BoC verdict "the inflation has nothing to do with profit growth". Amazing!

If industry follows this "price ratchet" mechanism profit margins can go to infinity "without causing inflation" according to BoC. Absolutely galaxy brain levels of economic genius.

They really think we're idiots.

View original on lemmy.ca
107

You reached the end