General A thread to discuss and follow the incoming inflation bomb

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Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
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57,814
I understand, but for that point to have been valid you would have been operating under the assumption that the lower than normal price was going to last forever and that just can't be right.
To put it another way...

Gas at $1.50 - normal
Gas jumps to $4.50 - people lose their minds
Gas falls to $2.75 - yay?
 

BeardOfKnowledge

The Most Consistent Motherfucker You Know
Jul 22, 2015
60,547
56,268
To put it another way...

Gas at $1.50 - normal
Gas jumps to $4.50 - people lose their minds
Gas falls to $2.75 - yay?
You said high side of normal. Meaning:

Gas at $1-$2
Gas jumps to $4.50 - people lose their minds
Gas falls to $2 - It is what is is, everything gets a little more expensive over time.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,414
57,814
You said high side of normal. Meaning:

Gas at $1-$2
Gas jumps to $4.50 - people lose their minds
Gas falls to $2 - It is what is is, everything gets a little more expensive over time.
But now it's climbing. So $2.18
 

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,507
29,834
just finished watching the Lularoe documentary on Netflix.

now I'm convinced that the majority of crypto price is being driven by the MLM-ization of the market.
 

BeardOfKnowledge

The Most Consistent Motherfucker You Know
Jul 22, 2015
60,547
56,268
That wave has passed imo.

This is new construction.
But you're still dealing with a recovering supply.

You should see auto sales right now, I've never seen anything like it. Used vehicles are selling for new prices.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,414
57,814
But you're still dealing with a recovering supply.

You should see auto sales right now, I've never seen anything like it. Used vehicles are selling for new prices.
Agreed. That's tied to the labor shortage that Biden and his Clowns are saying isn't an issue.
 
M

member 1013

Guest
In July, the Consumer Price Index for All Urban Consumers rose 0.5 percent on a seasonally adjusted basis; rising 5.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.3 percent in July (SA); up 4.3 percent over the year (NSA).

kneeblock @kneeblock u gots dem charts and graphs?!
 

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,507
29,834

to what BeardOfKnowledge @JakePaulsBeard is saying about supply and labor shortages...

word has been getting out in the RV forums that quality on new RVs is in the shitter...now trade magazines are running stories.

He cited one manufacturer who admitted that he usually has no idea what his workforce will look like from week to week. “He said on Mondays, he never knows who is going to show up.”

A New England dealer said some manufacturers are only running their plants three to four days a week due to shortages in both parts and labor. “The quality that is coming out is just terrible,” he said. “Their ability to retain employees is bad. You can just tell that the guys on the manufacturing lines have been on the job for just a week. Plants don’t have the proper staffing, and they can’t do the service after the sale.”
 

Filthy

Iowa Wrestling Champion
Jun 28, 2016
27,507
29,834
That wave has passed imo.

This is new construction.
nah - new home construction is up over last year (surprise) but continuing on a downward trend...especially since the material cost bubble popped. Inflation fears are going to put a lot of downward pressure as people start to worry they won't be able to recoup their "investment".

 

BeardOfKnowledge

The Most Consistent Motherfucker You Know
Jul 22, 2015
60,547
56,268

to what BeardOfKnowledge @JakePaulsBeard is saying about supply and labor shortages...

word has been getting out in the RV forums that quality on new RVs is in the shitter...now trade magazines are running stories.
A friend of mine bought a truck for $43.5k a year and a half ago. He just traded it in and was given $42.k. The new car supply has dried up so used car prices are going to the moon!
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,414
57,814
nah - new home construction is up over last year (surprise) but continuing on a downward trend...especially since the material cost bubble popped. Inflation fears are going to put a lot of downward pressure as people start to worry they won't be able to recoup their "investment".

Some slowdown on housing starts is related to supply constraints I've been talking about in here.

If builders can't close, they don't collect that final payment. Closings are being held up for shit as dumb as a $15 hardware item for bypass doors.

To protect themselves, new starts are delayed so builders don't get over-extended.
 
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Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,414
57,814
But Hauler @Hauler said it was labor!
It is labor.
Our market is a butterfly effect. Everything is tied to everything else. And this mess started with a lack of labor compounded by an under-built housing supply dating back to the 2008 clusterfuck.

Shortages = Higher Pricing
Supply/Demand

Like a ripple in still water, when there's no pebble tossed. Nor wind to blow.