General A thread to discuss and follow the incoming inflation bomb

[Hauler]

plan is to nearly double the child tax credit, and make half of it pre-paid in monthly installments. Those checks start reaching Americans July 15.

Uh...

What?

I understand tax credits for kids - I guess.
But paying people ahead of time because they have kids?

I'm going to need to see the logic behind that decision.

 

[ThatOneDude]

Uh...

What?

I understand tax credits for kids - I guess.
But paying people ahead of time because they have kids?

I'm going to need to see the logic behind that decision.

Yep, we will get 300 a month through the end of the year starting in July.
For some reason.

 

[Wintermute]

.

 

[Hauler]

Yep, we will get 300 a month through the end of the year starting in July.
For some reason.

What do I get for NOT having kids but still paying into the public school sytem?

 

[Deleted member 1]

. Add in that the vast bulk of the developing world has experienced baby busts more traumatic than anything that’s happened in the developing world these past five decades and this is pretty much it for capital supplies globally

Blessed is Africa for it shall inherit the global consumption.

 

[Deleted member 1]

What do I get for NOT having kids but still paying into the public school sytem?

Nothing. You don't get rewarded for being an incel

 

[member 1013]

Nothing. You don't get rewarded for being an incel

You gonna accept @kneeblock’s challenge?

@kneeblock I accept a one way conditional payment

 

[ThatOneDude]

What do I get for NOT having kids but still paying into the public school sytem?

You get nothing.
Maybe a lower crime rate.

 

[Hauler]

Nothing. You don't get rewarded for being an incel

 

[Wintermute]

Blessed is Africa for it shall inherit the global consumption.

That's why China is investing heavily in them.

 

[member 1013]

You gonna accept @kneeblock’s challenge?

@kneeblock I accept a one way conditional payment

@kneeblock do you acknowledge?

 

[member 1013]

@Splinty do you accept @kneeblock’s challenge

 

[Deleted member 1]

@Splinty do you accept @kneeblock’s challenge

I got tagged in something that required me to use calculus to figure out what I'm supposed to do and glazed over after about 5 seconds and went back to my morning coffee.

 

[member 1013]

I got tagged in something that required me to use calculus to figure out what I'm supposed to do and glazed over after about 5 seconds and went back to my morning coffee.

You’re supposed to be an intellectual like me

 

[BeardOfKnowledge]

You’re supposed to be an intellectual like me

This place is really falling apart.

 

[kneeblock]

@kneeblock do you acknowledge?

Confirmed.

 

[kneeblock]

I got tagged in something that required me to use calculus to figure out what I'm supposed to do and glazed over after about 5 seconds and went back to my morning coffee.

Fraidy cat.

 

[member 1013]

Fraidy cat.

If I’m right you’re gonna be so upset!!

I’m positively beaming just thinking about it

 

[Deleted member 1]

Fraidy cat.

I'm fairly certain your intent was that a portion of the money I get back from the government would be my ante. I am not getting money back.
I'm in if you want to just set some flat charity donation amounts for the terms to just make this simple.

 

[member 1013]

I'm fairly certain your intent was that a portion of the money I get back from the government would be my ante. I am not getting money back.
I'm in if you want to just set some flat charity donation amounts for the terms to just make this simple.

You get money back from the government?

wtf

JT money told me that’s illegal

 

[kneeblock]

I'm fairly certain your intent was that a portion of the money I get back from the government would be my ante. I am not getting money back.
I'm in if you want to just set some flat charity donation amounts for the terms to just make this simple.

In that case let's go with whatever the price of lumber is on October 15.

 

[Hauler]

Midweek shows momentum in lumber pricing is slowing considerably.

Whether this is a reaction to lower futures or an actual demand/supply rebalance remains to be seen.

Floods in Texas slowing demand for sure.

I think wholesalers back away and buyers take their foot off the gas to see what happens. My bet is we're flat this week, and next week we'll see the first drop in lumber prices in 30 weeks.

How significant the drop and how long it lasts is the question. Still plenty of activity in the field so it sort of depends on how much material the mills want to hold on to. It's a poker game now - and each side is waiting for the other guy to blink.

Sometimes this job is fun.

Fox Business & CNN incorrectly reporting that we've seen a break in lumber pricing. Completely wrong.

They are looking at futures, which has fallen off up until yesterday when it was limit up.

Futures are futures
Cash is cash
2 different markets

We've leveled off a little on the cash market, but by no means have prices dipped yet.

 

[BeardOfKnowledge]

Fox Business & CNN incorrectly reporting that we've seen a break in lumber pricing. Completely wrong.

They are looking at futures, which has fallen off up until yesterday when it was limit up.

Futures are futures
Cash is cash
2 different markets

We've leveled off a little on the cash market, but by no means have prices dipped yet.

CNN always tells the truth. Please amend your post before I have to report it.

 

[Hauler]

CNN always tells the truth. Please amend your post before I have to report it.

I don't think they are lying on purpose.
They just don't understand the market.

 

[BeardOfKnowledge]

I don't think they are lying on purpose.
They just don't understand the market.

Do you think they'd have reported it that way if Trump were still the head idiot?