Author Topic: Inflation - Fantasy vs Reality  (Read 304 times)

Surveyor1

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Inflation - Fantasy vs Reality
« on: April 13, 2021, 09:28:17 AM »
Interesting Article, another example of TPTB manipulating the flow of information.  We truly are living in 1984😳.

https://www.zerohedge.com/markets/rabo-when-it-comes-inflation-what-one-does-and-doesnt-see-all-political
Give a man a fish and feed him a day teach him how to fish and you have a friend for life.

crplhood

Re: Inflation - Fantasy vs Reality
« Reply #1 on: April 29, 2021, 10:55:06 AM »
Everything on this web page is a shout piece leading to the end of civilization.

Fear mongering draws clicks. This guy must be making a fortune.
GA Adopt-a-Stream Monitor, Upper Etowah Alliance, Coosa River Basin Initiative, Student (for life), Cisco Certified Mystery IT Guy (what does that IT guy really do all day, why is he so pale, and why does he get his own office?). My daddy could beat up your daddy. steveinit.wordpress.com

nj_m715

Re: Inflation - Fantasy vs Reality
« Reply #2 on: April 29, 2021, 11:56:27 AM »
I dont know, I bought 2X4s, roofing tin, food and fuel last week. its all up

crplhood

Re: Inflation - Fantasy vs Reality
« Reply #3 on: April 29, 2021, 12:04:22 PM »
I dont know, I bought 2X4s, roofing tin, food and fuel last week. its all up
That's not inflation. If the dollar inflated as fast as lumber has, it would be hyperinflation and we'd be collapsing. Construction material price increases seem to be more of a lack of supply and high demand problem.
GA Adopt-a-Stream Monitor, Upper Etowah Alliance, Coosa River Basin Initiative, Student (for life), Cisco Certified Mystery IT Guy (what does that IT guy really do all day, why is he so pale, and why does he get his own office?). My daddy could beat up your daddy. steveinit.wordpress.com

nj_m715

Re: Inflation - Fantasy vs Reality
« Reply #4 on: April 29, 2021, 12:06:15 PM »
inflation is increasing the money supply, rising prices are a symptom of inflation

prices are going up since the covid money printing began
where is the lack of supply of lumber? the shelves were full there is no shortage
what about food and fuel?
cars, used cars, houses all cost more too

crplhood

Re: Inflation - Fantasy vs Reality
« Reply #5 on: April 29, 2021, 12:18:24 PM »
inflation is increasing the money supply, rising prices are a symptom of inflation

prices are going up since the covid money printing began
where is the lack of supply of lumber? the shelves were full there is no shortage
what about food and fuel?
cars, used cars, houses all cost more too
The bread index, 2% a year.. Approximate inflation
https://fred.stlouisfed.org/series/PCU3118131181

Gas, though less stable, is as bush era levels, instead of growing with inflation.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m

A blurb about lumber, but you can chase the sources
https://www.popularmechanics.com/home/outdoor-projects/a36166521/lumber-shortage-prices-2021-why-lumber-is-so-expensive/

Natural gas beats inflation
https://tradingeconomics.com/commodity/natural-gas

Even crude beats the bush era.
https://tradingeconomics.com/commodity/crude-oil

There's more volatility in the markets compared to pre-90s, but markets are more agile and have more capacity in general.

Now beef, beef prices are screwed, but even that isn't inflation.

GA Adopt-a-Stream Monitor, Upper Etowah Alliance, Coosa River Basin Initiative, Student (for life), Cisco Certified Mystery IT Guy (what does that IT guy really do all day, why is he so pale, and why does he get his own office?). My daddy could beat up your daddy. steveinit.wordpress.com

nj_m715

Re: Inflation - Fantasy vs Reality
« Reply #6 on: April 29, 2021, 12:36:16 PM »
I don't understand, it was worse under bush, so this recent increase in prices is ok?

I know I'm spending more than I was last year.

crplhood

Re: Inflation - Fantasy vs Reality
« Reply #7 on: April 29, 2021, 12:42:29 PM »
Construction materials are up bc the housing market is swinging back up while hobby and home improvement lumber use is up as well. It will even out and come back down. I'm already seeing hobbyist bow out until prices come back down on the woodworking forums I'm in (though this is anecdotal), which makes me want to think the market is already correcting. Lumber shelves are full, but it appears lumber sales are down for home improvement as well do to the price barrier. Large scale lumber supply is trying to ramp up, and will almost definitely ramp too far. I bet by fall lumber prices will be at a 10-year low.
Here's for hoping.
GA Adopt-a-Stream Monitor, Upper Etowah Alliance, Coosa River Basin Initiative, Student (for life), Cisco Certified Mystery IT Guy (what does that IT guy really do all day, why is he so pale, and why does he get his own office?). My daddy could beat up your daddy. steveinit.wordpress.com

Surveyor1

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Re: Inflation - Fantasy vs Reality
« Reply #8 on: April 29, 2021, 01:03:59 PM »
NJ we are in the middle of a perfect storm from a financial standpoint.  Its not just one area of our economy that is under direct inflationary pressure.  With .gov giving away so much money many many people are choosing to stay at home instead of actually putting in an honest days work.  Automation will replace many of these jobs out of necessity.  The people that are willing to work will demand higher wages causing prices to increase or simply closing their doors.  I see many businesses closing monthly and more and more people depending on .gov to sustain them.  When the EBT cards buy 25% less than a few months ago, people are going to start getting upset and thats the last thing we need!  I may be wrong but I love history and I love stats and all signs are point to some major problems in the future.  I hope history and the stats are wrong but they seldom are...
Give a man a fish and feed him a day teach him how to fish and you have a friend for life.

RWS

Re: Inflation - Fantasy vs Reality
« Reply #9 on: May 08, 2021, 03:51:13 PM »
Every day I see several of these articles about something going higher.  I just read an article about the Colonial Oil Pipeline.  Oh,  it goes thru Georgia?  Well it is shut down because of a cyber attack.  A shut down pipeline to me means shortages to come soon and higher prices come Monday morning.

https://www.cnbc.com/2021/05/08/colonial-pipeline-shuts-pipeline-operations-after-cyberattack.html

How about chicken.  Talk about the perfect storm.

https://wgme.com/news/nation-world/chicken-shortage-sends-prices-soaring
« Last Edit: May 08, 2021, 04:54:21 PM by RWS »

aces

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Re: Inflation - Fantasy vs Reality
« Reply #10 on: May 10, 2021, 02:55:50 PM »
Colonial Pipeline is headquartered in Alpharetta GA.  They think they can have it back on by Friday.  Oil has been going up and will continue.