If anybody believes 'official' stats that inflation is 2-4%...man have I got a bridge to sell you.
Energy....the foundation of all inflation. Industrial metals, lumber, food... staggering.
Go try to buy a decent pickup. $50,000-$75,000 and few nice ones on the lot.
To the guy who smokes dope and makes $1.50 tacos- I applaud you but you ain't in the real world, you just are looking at it from a distance. A friend of mine here just got the LUMBER quote on his new house, $224,000. Lumber. !! Only. About 4x what it would have been a yr and half ago.
@bigjpst said:
Just cooked up a 12oz? Pack of bacon. When did they stop being a pound? Price was the same. Nothing to see here.
Same with toilet paper rolls, look at your holder compared to the roll. Its 1" smaller. Look at lays potato chip bags these days, they shrunk! Ground beef costs $5/lb so we only buy it when its on sale. In Connecticut, our Eversource bills have been skyrocketing and its not because I'm working from home, its due to the "delivery" charge. Check this out!!!
@streeter said:
A friend of mine here just got the LUMBER quote on his new house, $224,000. Lumber. !! Only. About 4x what it would have been a yr and half ago.
Yeah, I want to build a house since ours is paid off and we'd like to upgrade. Lumber right now is insane in GA. One of my neighbors runs shift at the yard a few miles from here, he says it's ridiculous what the load value increases have been the past year.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I bought some that lumber for my Wife's Veranda project. I sold stock that went up at the same pace of lumber increase to justify the purchase. It will go down now.
Lumber is one commodity I’m not so worried about longer term; if at all possible, delay your projects by 12-18 months. (Though probably don’t wait much longer than that; there is likely a sweet spot between transitory and more sustained inflation)
Probably never will when we go by the "official" numbers such as the 2-4% that they tell us it is. Pay no attention to that man behind the curtain!!
But in reality.. absolutely it can. The inflation of the 1970's and 1980's, which was pretty high (but not hyper), was mainly tied to the price of oil if I recall correctly. What is troublesome to me now, is that there is NOT a single causation factor such as price/availability of oil that is driving the current situation. Now it is multiple factors that are converging... energy costs/lack of energy; lack of shipping; lack of microchips; no one willing to work to increase supplies; pent up demand; trillions of dollars being created out of thin air; .... and on and on.
@tincup said “ The inflation of the 1970's and 1980's, which was pretty high (but not hyper), was mainly tied to the price of oil if I recall correctly.”
The price of oil was certainly one trigger, but I think the real cause was Fed accommodation of the simultaneous spending on Vietnam and the Great Society.
@Higashiyama said: @tincup said “ The inflation of the 1970's and 1980's, which was pretty high (but not hyper), was mainly tied to the price of oil if I recall correctly.”
The price of oil was certainly one trigger, but I think the real cause was Fed accommodation of the simultaneous spending on Vietnam and the Great Society.
I believe the biggest factor was capacity utilization which had reached the high 80s% range. At times the economy was booming and high factory usage and demand created inefficiencies and increased costs. It was because of these high manufacturing cost that companies outsourced China.
Capacity utilization in the US has averaged in the upper 70s since 2000. We have plenty of capacity to build stuff here but we like low prices and cheap junk.
OK after this mornings grocery run maybe we are experiencing some serious inflation. Either that or a serious melon shortage. Holy cow and not even organic.
@Higashiyama said:
Regarding melons: I would gladly pay double that for a good melon. 99 % of store bought melons are hard and tasteless.
(illustrative of how difficult it is to measure inflation.)
Well I actually grow my own. The Amish sell them when in season for $1.50 each and they are always wonderfully fresh. Makes you never want to buy a store bought one again (although not much choice if I want them the other 10 months of the year). Anyway, I've never seen a $7 honeydew or a $5 cantaloupe until today. Crazy.
Looks like the tin foilers who postulated that massive money printing would result in higher prices weren't the idiots after all.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
Looks like the tin foilers who postulated that massive money printing would result in higher prices weren't the idiots after all.
Too bad they sunk everything into the gutter. It appears lumber, melons and Dunkin would have been much better bets. At least up until this point anyway. lol
My lucky day! Just found this in the shed behind my late uncle's house; not 1, BUT 2 sheets of OSB plywood!
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
my city council just voted to double the gasoline tax from .06 to .12.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
my city council just voted to double the gasoline tax from .06 to .12.
Taxes are not inflation.
Great move by your city council to raise funds for your city while possible reducing fuel usage because of price
Not so - just as a company raises their prices to generate the cash necessary to meet their increased costs, a government has to raise funds to cover the cost of providing their product. When those costs increase (inflation) the government must raise additional funds
@derryb said:
my city council just voted to double the gasoline tax from .06 to .12.
Taxes are not inflation.
Great move by your city council to raise funds for your city while possible reducing fuel usage because of price
or they could reduce their expenses and not try to control my travel habits. Then again, I'm not a socialist.
An increase in the cost of anything is price inflation. Who is raising the price is irrelevant. And socialism? Like she said, "works great until you run out of other people's money."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I have built two businesses, I am definitely a capitalist.
BUZZ words are used to curtail critical thinking. My Bro in law used a new Buzz word yesterday on me to tell me who stormed the capital, he told me it was American Marxists. I had to google the term as I never heard it. Just amazing the lack of critical thought going around.
@ErrorsOnCoins said:
I have built two businesses, I am definitely a capitalist.
George Soros said the same thing. LOL
But to each his own. Unlike progressives, I respect one's right to choose what he wants to be.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Never said they werent complicit, but i would place responsibility on Congress as the Fed simply attempts to manage the policies our elected officials. And why does Congress pass such legislation? Because thats what "we the people" want. Stupid is as stupid does. Perhaps someday the masses will discover personal responsibility. Until then...
I know that is one of the BUZZ words that is used to try to do harm to progressive people.
“Progressive people”, LOL. Yeah, let’s double the gas tax, which hurts the low income and poor people of my community more than anyone else.
Don’t worry, I’m sure the city will solve global warming now they’re able to steal more money from the poorest people in their community. SO progressive.
Next time you go to the grocery store, keep an eye on the size of packaged food. I was buying tortilla chips to make nachos and saw how Lays potato chip bags shrunk an immense amount. Some food prices are skyrocketing (beef is an obvious one) and others are keeping the price constant and just reducing the amount of food in each package. Funny to see how sneaky these companies are...
USPS announced that first class mail stamps will be going up to $0.58. I remember when they were $0.04.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@ErrorsOnCoins said: "Worrying about inflation when it is so easy to navigate around is a complete waste of time."
This statement does suggest a question: if inflation is easy to navigate, can you suggest an investment strategy that is "guaranteed" to beat inflation? For example, if I suggest a period -- 7 years -- can you precisely describe a strategy that will beat inflation with a very high chance of success?
(By the way, if you can, I can get you a high paying job at almost any investment management firm in the world)
@Higashiyama said: @ErrorsOnCoins said: "Worrying about inflation when it is so easy to navigate around is a complete waste of time."
This statement does suggest a question: if inflation is easy to navigate, can you suggest an investment strategy that is "guaranteed" to beat inflation? For example, if I suggest a period -- 7 years -- can you precisely describe a strategy that will beat inflation with a very high chance of success?
(By the way, if you can, I can get you a high paying job at almost any investment management firm in the world)
Comments
If anybody believes 'official' stats that inflation is 2-4%...man have I got a bridge to sell you.
Energy....the foundation of all inflation. Industrial metals, lumber, food... staggering.
Go try to buy a decent pickup. $50,000-$75,000 and few nice ones on the lot.
To the guy who smokes dope and makes $1.50 tacos- I applaud you but you ain't in the real world, you just are looking at it from a distance. A friend of mine here just got the LUMBER quote on his new house, $224,000. Lumber. !! Only. About 4x what it would have been a yr and half ago.
Just cooked up a 12oz? Pack of bacon. When did they stop being a pound? Price was the same. Nothing to see here.
My Ebay Store
Same with toilet paper rolls, look at your holder compared to the roll. Its 1" smaller. Look at lays potato chip bags these days, they shrunk! Ground beef costs $5/lb so we only buy it when its on sale. In Connecticut, our Eversource bills have been skyrocketing and its not because I'm working from home, its due to the "delivery" charge. Check this out!!!
Don't get me started on gas prices...
Yeah, I want to build a house since ours is paid off and we'd like to upgrade. Lumber right now is insane in GA. One of my neighbors runs shift at the yard a few miles from here, he says it's ridiculous what the load value increases have been the past year.
Don't worry, it could never happen here.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I bought some that lumber for my Wife's Veranda project. I sold stock that went up at the same pace of lumber increase to justify the purchase. It will go down now.
100% Positive BST transactions
Lumber is one commodity I’m not so worried about longer term; if at all possible, delay your projects by 12-18 months. (Though probably don’t wait much longer than that; there is likely a sweet spot between transitory and more sustained inflation)
Probably never will when we go by the "official" numbers such as the 2-4% that they tell us it is. Pay no attention to that man behind the curtain!!
But in reality.. absolutely it can. The inflation of the 1970's and 1980's, which was pretty high (but not hyper), was mainly tied to the price of oil if I recall correctly. What is troublesome to me now, is that there is NOT a single causation factor such as price/availability of oil that is driving the current situation. Now it is multiple factors that are converging... energy costs/lack of energy; lack of shipping; lack of microchips; no one willing to work to increase supplies; pent up demand; trillions of dollars being created out of thin air; .... and on and on.
A perfect storm brewing?
That is the real world.
Worrying about inflation when it is so easy to navigate around is a complete waste of time.
Dope is deflationary and will help you worrywarts chill as obviously you need to relax and enjoy life.
@tincup said “ The inflation of the 1970's and 1980's, which was pretty high (but not hyper), was mainly tied to the price of oil if I recall correctly.”
The price of oil was certainly one trigger, but I think the real cause was Fed accommodation of the simultaneous spending on Vietnam and the Great Society.
I believe the biggest factor was capacity utilization which had reached the high 80s% range. At times the economy was booming and high factory usage and demand created inefficiencies and increased costs. It was because of these high manufacturing cost that companies outsourced China.
Capacity utilization in the US has averaged in the upper 70s since 2000. We have plenty of capacity to build stuff here but we like low prices and cheap junk.
Knowledge is the enemy of fear
Corn
I believe it will happen here at some point, but don’t worry, gold and silver are super useful during hyperinflation.
Not as useful as butter and beans.
The whole worlds off its rocker, buy Gold™.
OK after this mornings grocery run maybe we are experiencing some serious inflation. Either that or a serious melon shortage. Holy cow and not even organic.
The whole worlds off its rocker, buy Gold™.
Dunkin and Chik fil a have raised prices 5-10%.
Knowledge is the enemy of fear
Regarding melons: I would gladly pay double that for a good melon. 99 % of store bought melons are hard and tasteless.
(illustrative of how difficult it is to measure inflation.)
Well I actually grow my own. The Amish sell them when in season for $1.50 each and they are always wonderfully fresh. Makes you never want to buy a store bought one again (although not much choice if I want them the other 10 months of the year). Anyway, I've never seen a $7 honeydew or a $5 cantaloupe until today. Crazy.
The whole worlds off its rocker, buy Gold™.
Looks like the tin foilers who postulated that massive money printing would result in higher prices weren't the idiots after all.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Too bad they sunk everything into the gutter. It appears lumber, melons and Dunkin would have been much better bets. At least up until this point anyway. lol
The whole worlds off its rocker, buy Gold™.
My lucky day! Just found this in the shed behind my late uncle's house; not 1, BUT 2 sheets of OSB plywood!
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The car is kind of amusing as well!
It indeed says smoething that we're all excited about the plywood in the picture, and not the car.
Here's a warning parable for coin collectors...
Yes Coho, the FED is 100% responsible for what is about to unfold.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
my city council just voted to double the gasoline tax from .06 to .12.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Taxes are not inflation.
Great move by your city council to raise funds for your city while possible reducing fuel usage because of price
Not so - just as a company raises their prices to generate the cash necessary to meet their increased costs, a government has to raise funds to cover the cost of providing their product. When those costs increase (inflation) the government must raise additional funds
or they could reduce their expenses and not try to control my travel habits. Then again, I'm not a socialist.
An increase in the cost of anything is price inflation. Who is raising the price is irrelevant. And socialism? Like she said, "works great until you run out of other people's money."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I do not know any socialists.
I know that is one of the BUZZ words that is used to try to do harm to progressive people.
then people should grow thicker skin.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I have built two businesses, I am definitely a capitalist.
BUZZ words are used to curtail critical thinking. My Bro in law used a new Buzz word yesterday on me to tell me who stormed the capital, he told me it was American Marxists. I had to google the term as I never heard it. Just amazing the lack of critical thought going around.
George Soros said the same thing. LOL
But to each his own. Unlike progressives, I respect one's right to choose what he wants to be.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
And another Buzz word .... "George Soros", just amazing
I suggest some caution as this seems to be slipping into some political areas.... ...best to keep it to inflation reports.
Proposed $6T budget announced. The ride is just getting started, HODL!!
I think the hounds have been released and they are ready to run!
Got gold?
I
N
F
L
A
T
I
O
N
R
E
P
O
R
T
S
!!!!
Food, petrol, chips (potato and micro), houses, cars, lumber, labor, taxes and everything else.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
For all the inflation naysayers there is the house price rises that can’t be explained away with pictures of rail cars of lumber
Lumber is around $1 per pound now.
100% Positive BST transactions
Never said they werent complicit, but i would place responsibility on Congress as the Fed simply attempts to manage the policies our elected officials. And why does Congress pass such legislation? Because thats what "we the people" want. Stupid is as stupid does. Perhaps someday the masses will discover personal responsibility. Until then...
Knowledge is the enemy of fear
I'd love to hear how you navigate around healthcare costs, housing costs and oil prices.
"> @ErrorsOnCoins said:
“Progressive people”, LOL. Yeah, let’s double the gas tax, which hurts the low income and poor people of my community more than anyone else.
Don’t worry, I’m sure the city will solve global warming now they’re able to steal more money from the poorest people in their community. SO progressive.
Next time you go to the grocery store, keep an eye on the size of packaged food. I was buying tortilla chips to make nachos and saw how Lays potato chip bags shrunk an immense amount. Some food prices are skyrocketing (beef is an obvious one) and others are keeping the price constant and just reducing the amount of food in each package. Funny to see how sneaky these companies are...
The groomer our little guy goes to has bumped his full groom cut up $20 since last year.
USPS announced that first class mail stamps will be going up to $0.58. I remember when they were $0.04.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Good for the groomer! They deserve raises!
@ErrorsOnCoins said: "Worrying about inflation when it is so easy to navigate around is a complete waste of time."
This statement does suggest a question: if inflation is easy to navigate, can you suggest an investment strategy that is "guaranteed" to beat inflation? For example, if I suggest a period -- 7 years -- can you precisely describe a strategy that will beat inflation with a very high chance of success?
(By the way, if you can, I can get you a high paying job at almost any investment management firm in the world)
He’s going to say crypto and canned tuna.
Not canned, fresh caught
Right, but he cans it after...