@blitzdude said:
What's a checkbook? We got some oldsters up in here.
Piece of paper with your name, bank, and account number right there on it.
Back in the day, efficient people also had the bank print their phone number, social security number, and pet and mother maiden name, all on school alumni background 😉😂
@Baley said:
Back in the day, efficient people also had the bank print their phone number, social security number, and pet and mother maiden name, all on school alumni background 😉😂
Found my old student directory from college - and next to the name is their SSN and home town mailing address.
My favorite wines got pulled from shelves. Store owners said wine maker hiked the prices too much so they won't buy anymore. Like 40% ! yikes. Hey Joe. Stop throwing money from the sky!
Our current, unprecedented inflation dilemma is the result of a perfect storm of global supply chain issues (read the link) in the face of a stimulus-fueled historic explosion of demand for goods.
For this reason we will not witness a reduction in prices that normally results from supply catching up with demand. Supply chain issues are much more than just a short term reality.
Unless the spending of "new money" on unfunded promises and pet projects is reduced (not gonna happen) inflation will spiral out of control in tandem with a growing FED balance sheet that used to fund the waste. Dollar insurance in the form of gold and silver will protect is policy holders. When it takes five dollars to buy what today's dollar will buy today, PMs bought with that dollar will buy what it will later take five dollars to buy - the perfect hedge against the perfect financial storm. The winds and rain are approaching. Umbrellas and rain suits are always cheaper and more readily available when the sun is shining.
As with 1923 German war inflation, once people realize the inflation is not temporary, the party will end. As demonstrated by the Germans it is the shift in expectation that will fuel much higher inflation.
While greed and fear can drive markets, perception and expectation drive economies.
My girls are extra phat after a long summer of free range. Tell Mac Donald's to contact me. I'll give them a wonderful deal. lulz. Sounds like the Bulgarianz have yet another problem to deal with. Good thing you still have cooking oil for greasy fries and doctor pReppers!
Turns out the FED realizes that food price inflation, NOT CPI or PCE, is the best predictor of future inflation. So, just what are today's food prices trying to tell us?
Two years ago, the cost for a 40-foot container to transport goods from Asia to the U.S was under $2,000. Today it's as much as $25,000.
Back when lumber was crazy you were questioning the reality of a shortage.
I am wondering about it now too.
I questioned the reason for a lumber shortage and pointed to supply chain issues pointing out that there was no shortage of lumber, only a shortage of available for purchase lumber.
Here we have the numbers for containers and you don’t question it.
There is nothing to question, prices are what they are. If the question is why high shipping prices, then it's simply a matter of supply and demand.
Where has this sharp sustained increase in consumption come from? Or/And why is shipping services so constrained?
With the ending of pandemic stimulus and refusal of many to return to work I don't see the increase in consumption sustainable. Consumers are returning to debt to make purchases. See the chart three posts up.
Shipping services are currently limited by the number of port berths for them to pull into to load and unload. Ships are backed up at the big ports.
Labor is the issue with most all of our current "shortages." Higher wages will eventually cure that.
7/16 4x8 OSB $13, pressure treated 2x6x8' $6.30 still a tad high but no shortage in The Commonwealth. Glad I waited 8 months. Transitory due to the Covid Pandemic Sutdown no doubt. Just like the ASEs lol.
@blitzdude said:
7/16 4x8 OSB $13, pressure treated 2x6x8' $6.30 still a tad high but no shortage in The Commonwealth. Glad I waited 8 months. Transitory due to the Covid Pandemic Sutdown no doubt. Just like the ASEs lol.
You mean the same ASEs that are now at a 39.9% premium? LOL Appears lower premiums were what was transitory.
recent positive retail data does not indicate consumers are buying more, It indicates consumers are paying more. When markets realize this unfortunate reality, equities will resume their decline and PMs will continue their rise.
@derryb said:
recent positive retail data does not indicate consumers are buying more, It indicates consumers are paying more. When markets realize this unfortunate reality, equities will resume their decline and PMs will continue their rise.
I suspect that is what is taking place also. It's costing more for day to day necessities, where one does not have much choice except to pay more.
Transitory (temporary) inflation? Ha. When was the last time you saw increased prices come back down?
Regardless of what the FED whispers in your ear, current inflation is not transitory, it is structural; higher prices are here to stay. The coming disinflation (once supply chain issues settle down) will only halt the rise, not reduce prices.
Transitory (temporary) inflation? Ha. When was the last time you saw increased prices come back down?
Regardless of what the FED whispers in your ear, current inflation is not transitory, it is structural; higher prices are here to stay. The coming disinflation (once supply chain issues settle down) will only halt the rise, not reduce prices.
Oh my all these rising prices yet gutter metal in the gutter. Newz at 6. lol
Not too long ago there was a glut of shipping containers in the US. Not worth it to send empty ones back to China so they were looking for places to stack them up here.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
@DrBuster said:
I don't even want to discuss the SUV purchase we had to make sunday. Absolutely the worst time I have ever bought a vehicle.
I'm actually interested in hearing the story! Was thinking it was time to replace the truck... then put off due to the covid hitting... now times have changed in regards to purchasing vehicles.
@DrBuster said:
I don't even want to discuss the SUV purchase we had to make sunday. Absolutely the worst time I have ever bought a vehicle.
I'm actually interested in hearing the story! Was thinking it was time to replace the truck... then put off due to the covid hitting... now times have changed in regards to purchasing vehicles.
So no/low inventory. Would have like to have gotten a new 2021 vehicle but zero around that the wife wanted so '22 it was. Absolutely zero incentives on anything so sticker price and take it or leave it. I got a few hundred off from the BS dealer add ons but that was it.
This time of year usually has 2021s on deep discount but with the supply chain issues on microchips everything was gone. All the dealers we talked to said they weren't getting their normal inventories and a couple of them said they weren't getting any more cars through end of year. I'd say that was a normal line, but I've got friends that sell cars and they've said the same.
We got a nice ride for wifey but yeah full price I have NEVER paid for a vehicle until this one. Growing up in a car salesmen family and working in the industry for a while you learn some things - when to buy, when the deals pop, etc.
Her old suv stranded her at the dr and with another round of slow death and this time it wasn't worth it to fix it on a 16 year old vehicle. The price to rebuild the top end, new alternator, fix the a/c, and then chase an electrical gremlin (~$3-4k ballpark) to maybe get $1500 in trade in value sealed the deal. It will run with a jump. We're donating it to cars for kids.
Thanks for sharing your experience DrBuster. Yes, this is the time of year that I had normally shopped for the good deals also on new vehicles.... but whenever I drove past any car dealerships the lots look pretty empty except for some used ones. Some not expecting any more inventory before the end of the year sounds pretty dire.
And I also have never paid full price before... that will take some getting used to, if one can even find the vehicle they want. Hope all of this is temporary. Other wise we may get into a situation like with housing... people bidding 20% more than asking price.
Ordered new vehicle (factory order to get options/color wanted) in Jan last year for 9.75% under msrp at 0% financing. Then covid hit full swing that March. I thought my timing was terrible but I've decided it couldn't have been better.
Flipping through the Costco sale flyer. Overhead garage storage racks on sale for $319.99. Bought them on July 1st for $239.99. 33.33% price increase in 3 months
Comments
that's what my checkbook is for.
Give Me Liberty or Give Me Debt
you can't spend money if it is in the bank
True, but only if there's a bank holiday.
I knew it would happen.
What's a checkbook? We got some oldsters up in here.
The whole worlds off its rocker, buy Gold™.
It's access to a bank account when they lock the bank doors and shut down the ATMs.
Give Me Liberty or Give Me Debt
Piece of paper with your name, bank, and account number right there on it.
Back in the day, efficient people also had the bank print their phone number, social security number, and pet and mother maiden name, all on school alumni background 😉😂
Liberty: Parent of Science & Industry
Found my old student directory from college - and next to the name is their SSN and home town mailing address.
My favorite wines got pulled from shelves. Store owners said wine maker hiked the prices too much so they won't buy anymore. Like 40% ! yikes. Hey Joe. Stop throwing money from the sky!
100% Positive BST transactions
The flow of free money and shortages
Our current, unprecedented inflation dilemma is the result of a perfect storm of global supply chain issues (read the link) in the face of a stimulus-fueled historic explosion of demand for goods.
For this reason we will not witness a reduction in prices that normally results from supply catching up with demand. Supply chain issues are much more than just a short term reality.
Unless the spending of "new money" on unfunded promises and pet projects is reduced (not gonna happen) inflation will spiral out of control in tandem with a growing FED balance sheet that used to fund the waste. Dollar insurance in the form of gold and silver will protect is policy holders. When it takes five dollars to buy what today's dollar will buy today, PMs bought with that dollar will buy what it will later take five dollars to buy - the perfect hedge against the perfect financial storm. The winds and rain are approaching. Umbrellas and rain suits are always cheaper and more readily available when the sun is shining.
Give Me Liberty or Give Me Debt
If you have to be like an angle, it's better to be right than obtuse
Took the truck to the car wash today. Up $4 from last time.
Dollar insurance for Dummies:
In both 1971 and 2020 a brand new Corvette could be had for about 3,600 ounces of silver while the dollar cost went from $5,500 to $68,000.
Give Me Liberty or Give Me Debt
The 2 cars do not compare
So did everyone's salaries. lol
The whole worlds off its rocker, buy Gold™.
The shocking similarity between 1923 German hyperinflation and current pandemic inflation.
As with 1923 German war inflation, once people realize the inflation is not temporary, the party will end. As demonstrated by the Germans it is the shift in expectation that will fuel much higher inflation.
While greed and fear can drive markets, perception and expectation drive economies.
Give Me Liberty or Give Me Debt
FED Chair Powell has likely cut a deal with the Biden administration to gain reappointment.
That deal? Keep the easy money flowing. The FED has completed its transition into a political entity.
Commodities, which are inflationary hedges, have just broken out of a 13-year BEAR market.
Got gutter metal?
Give Me Liberty or Give Me Debt
Yeah, likely, thats what probably happened. Thanks Bulgaria for another conspiracy to throw in the nut bucket.
The whole worlds off its rocker, buy Gold™.
LOL, keep buying those dollars with your gutter metal.
Give Me Liberty or Give Me Debt
neither does the value of the dollars that bought each.
Give Me Liberty or Give Me Debt
Not enough chickens, another supply chain casualty
Just wait til the announcement that there will be more free money for those that don't want to go to work and pluck chickens all day.
Give Me Liberty or Give Me Debt
My girls are extra phat after a long summer of free range. Tell Mac Donald's to contact me. I'll give them a wonderful deal. lulz. Sounds like the Bulgarianz have yet another problem to deal with. Good thing you still have cooking oil for greasy fries and doctor pReppers!
The whole worlds off its rocker, buy Gold™.
Economic snapshot 9/14/21
Give Me Liberty or Give Me Debt
rising prices, or more accurately currency debasement, will lead to higher interest rates, threatening markets which are unmistakably in bubble territory.
Two years ago, the cost for a 40-foot container to transport goods from Asia to the U.S was under $2,000. Today it's as much as $25,000.
Markets that are rejoicing in retail sales data improvement are overlooking:
When we view retail sales in total we see that sales growth is rapidly dropping and returning back to previous trends.
The source of money used to provide economic data should never be overlooked:
Give Me Liberty or Give Me Debt
FED admitted in 2001 that it's own CPI is useless for forecasting future inflation
Turns out the FED realizes that food price inflation, NOT CPI or PCE, is the best predictor of future inflation. So, just what are today's food prices trying to tell us?
Give Me Liberty or Give Me Debt
Back when lumber was crazy you were questioning the reality of a shortage.
I am wondering about it now too.
Here we have the numbers for containers and you don’t question it.
Where has this sharp sustained increase in consumption come from? Or/And why is shipping services so constrained?
I questioned the reason for a lumber shortage and pointed to supply chain issues pointing out that there was no shortage of lumber, only a shortage of available for purchase lumber.
There is nothing to question, prices are what they are. If the question is why high shipping prices, then it's simply a matter of supply and demand.
With the ending of pandemic stimulus and refusal of many to return to work I don't see the increase in consumption sustainable. Consumers are returning to debt to make purchases. See the chart three posts up.
Shipping services are currently limited by the number of port berths for them to pull into to load and unload. Ships are backed up at the big ports.
Labor is the issue with most all of our current "shortages." Higher wages will eventually cure that.
Give Me Liberty or Give Me Debt
7/16 4x8 OSB $13, pressure treated 2x6x8' $6.30 still a tad high but no shortage in The Commonwealth. Glad I waited 8 months. Transitory due to the Covid Pandemic Sutdown no doubt. Just like the ASEs lol.
The whole worlds off its rocker, buy Gold™.
You mean the same ASEs that are now at a 39.9% premium? LOL Appears lower premiums were what was transitory.
Give Me Liberty or Give Me Debt
ya we know you love to overpay at APMEX. Maybe you should try shopping around?
The whole worlds off its rocker, buy Gold™.
recent positive retail data does not indicate consumers are buying more, It indicates consumers are paying more. When markets realize this unfortunate reality, equities will resume their decline and PMs will continue their rise.
Give Me Liberty or Give Me Debt
I suspect that is what is taking place also. It's costing more for day to day necessities, where one does not have much choice except to pay more.
FedEx, UPS Raises Rates At Fastest Pace In Decade
Transitory (temporary) inflation? Ha. When was the last time you saw increased prices come back down?
Regardless of what the FED whispers in your ear, current inflation is not transitory, it is structural; higher prices are here to stay. The coming disinflation (once supply chain issues settle down) will only halt the rise, not reduce prices.
Give Me Liberty or Give Me Debt
I don't even want to discuss the SUV purchase we had to make sunday. Absolutely the worst time I have ever bought a vehicle.
Oh my all these rising prices yet gutter metal in the gutter. Newz at 6. lol
The whole worlds off its rocker, buy Gold™.
Not too long ago there was a glut of shipping containers in the US. Not worth it to send empty ones back to China so they were looking for places to stack them up here.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
Great diet idea. Our waistlines surely have been inflated, so now maybe we wont be so darn fat.
Knowledge is the enemy of fear
I'm actually interested in hearing the story! Was thinking it was time to replace the truck... then put off due to the covid hitting... now times have changed in regards to purchasing vehicles.
So no/low inventory. Would have like to have gotten a new 2021 vehicle but zero around that the wife wanted so '22 it was. Absolutely zero incentives on anything so sticker price and take it or leave it. I got a few hundred off from the BS dealer add ons but that was it.
This time of year usually has 2021s on deep discount but with the supply chain issues on microchips everything was gone. All the dealers we talked to said they weren't getting their normal inventories and a couple of them said they weren't getting any more cars through end of year. I'd say that was a normal line, but I've got friends that sell cars and they've said the same.
We got a nice ride for wifey but yeah full price I have NEVER paid for a vehicle until this one. Growing up in a car salesmen family and working in the industry for a while you learn some things - when to buy, when the deals pop, etc.
Her old suv stranded her at the dr and with another round of slow death and this time it wasn't worth it to fix it on a 16 year old vehicle. The price to rebuild the top end, new alternator, fix the a/c, and then chase an electrical gremlin (~$3-4k ballpark) to maybe get $1500 in trade in value sealed the deal. It will run with a jump. We're donating it to cars for kids.
Thanks for sharing your experience DrBuster. Yes, this is the time of year that I had normally shopped for the good deals also on new vehicles.... but whenever I drove past any car dealerships the lots look pretty empty except for some used ones. Some not expecting any more inventory before the end of the year sounds pretty dire.
And I also have never paid full price before... that will take some getting used to, if one can even find the vehicle they want. Hope all of this is temporary. Other wise we may get into a situation like with housing... people bidding 20% more than asking price.
Ordered new vehicle (factory order to get options/color wanted) in Jan last year for 9.75% under msrp at 0% financing. Then covid hit full swing that March. I thought my timing was terrible but I've decided it couldn't have been better.
I will say, the ride she got is pretty nice. Sportage EX, loaded, and the dealer doubled the powertrain warranty - 20 years/200k.
GM's Q3 Sales Plunge 33% To Just 447K Vehicles But Average Price Hits Record $47,467
https://zerohedge.com/markets/gms-q2-sales-plunge-33-just-447k-vehicles-average-price-hits-record-47467
There may be local charities that take cars with a better known charitable purpose.
Flipping through the Costco sale flyer. Overhead garage storage racks on sale for $319.99. Bought them on July 1st for $239.99. 33.33% price increase in 3 months
Thank goodness this is all transitory...... right??
Can we get this to another page since it doesn't work with that stupid pic at the top of this one
200!