General A thread to discuss and follow the incoming inflation bomb

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kneeblock said:
when you don't get these simple calculations
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Because the guy that didn't know what OSB is set a bet on "the price of lumber" which could mean a lot of things in that context. You weren't clear if you were talking the pegged commodity exchange price or what, so I waited for you to clarify.
 
Hauler

Hauler

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Fox Business again incorrectly reporting this morning that lumber fell off 30% last week.

They are looking at futures, which has nothing to do with actual dollar-for-product transactions. The market slowed, but it was up overall pushing further into record territory.

Reporting like this is dangerous, because customers hear it and get pissed when prices aren't dropping.
 
D

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Hauler said:
Fox Business again incorrectly reporting this morning that lumber fell off 30% last week.

They are looking at futures, which has nothing to do with actual dollar-for-product transactions. The market slowed, but it was up overall pushing further into record territory.

Reporting like this is dangerous, because customers hear it and get pissed when prices aren't dropping.
Click to expand...

Just more media manipulation by big lumber
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
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Splinty said:
Just more media manipulation by big lumber
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I think it's coming from a place of ignorance.

But when I hear it, I know I will have to have 3 or 4 conversations about pricing today. Irritating.

I can't wait for lumber to fall back off their radar.
 
Rambo John J

Rambo John J

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Splinty said:
www.cnbc.com

Chipotle hikes prices to cover the cost of raising wages

Chipotle Mexican Grill has hiked menu prices by roughly 4% to cover the cost of raising its workers' wages.
www.cnbc.com www.cnbc.com

I can get fast food workers a living wage for only 4% more on each burrito?

That seems like a pretty good plan.

$7 burrito now cost 7.28.
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I think the brand sucks up that extra .28, food will probably take another dip in quality or something else will be shaved...corporate style

Haven't had good food there myself
 
kneeblock

kneeblock

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Apr 18, 2015
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Splinty said:
www.cnbc.com

Chipotle hikes prices to cover the cost of raising wages

Chipotle Mexican Grill has hiked menu prices by roughly 4% to cover the cost of raising its workers' wages.
www.cnbc.com www.cnbc.com

I can get fast food workers a living wage for only 4% more on each burrito?

That seems like a pretty good plan.

$7 burrito now cost 7.28.
Click to expand...
Direct response to this.

abcnews.go.com

Restaurant workers protest poor working conditions and low wages at McDonald's, Chipotle, and more amid coronavirus pandemic

Some food service workers have walked out, posted signs and refused to go to work in protest of poor workplace conditions and wages.
abcnews.go.com abcnews.go.com
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,652
59,538
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,652
59,538
So lumber prices have finally started a pullback. OSB is still heading higher, but that should flatten out as well over the next couple of weeks.

Now the question is does it fall off the table or will it find a new "normal" level? It's important to remember we are still 2x higher than what was the accepted market price range.

It took a long time to get here. Where it goes and how fast it gets there will be interesting. But the crazy run appears to be over.
 
ThatOneDude

ThatOneDude

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Hauler said:
So lumber prices have finally started a pullback. OSB is still heading higher, but that should flatten out as well over the next couple of weeks.

Now the question is does it fall off the table or will it find a new "normal" level? It's important to remember we are still 2x higher than what was the accepted market price range.

It took a long time to get here. Where it goes and how fast it gets there will be interesting. But the crazy run appears to be over.
Click to expand...
I hope it fucking crashes
 
D

Deleted member 1

Guest
Hauler said:
will it find a new "normal" level?
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This is what I expect. There's no reason to expect a fall off the cliff unless we see some weird combination of incentives.
Right now supply remains limited for the foreseeable future and demand will stay high dude to housing shortages forcing new home builds and remodels to compete.
Housing will stay expensive so that will keep housing parts expensive. Got to fix supply and that's a long ways off.

I think the only that has flattened out prices is that they are high enough to blunt demand. You seem some contracts being cancelled as middle class Americans are priced out of homes.
 
ThatOneDude

ThatOneDude

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Splinty said:
This is what I expect. There's no reason to expect a fall off the cliff unless we see some weird combination of incentives.
Right now supply remains limited for the foreseeable future and demand will stay high dude to housing shortages forcing new home builds and remodels to compete.
Housing will stay expensive so that will keep housing parts expensive. Got to fix supply and that's a long ways off.

I think the only that has flattened out prices is that they are high enough to blunt demand. You seem some contracts being cancelled as middle class Americans are priced out of homes.
Click to expand...
 
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