General A thread to discuss and follow the incoming inflation bomb
- Thread starter Splinty
- Start date
Also - LOL at using Conifex as an example. They aren't a pimple on an elephant's ass when it comes to lumber production. Them curtailing means literally nothing.Where you at@Hauler ?
'Unprecedented collapse' in lumber prices forces one Canadian sawmill to curb production
Lumber companies may have added too much production, too quickly, with lumber sinking 70 per cent since Mayottawacitizen.com
But I have it on good authority that Canfor has done some curtailing. That is meaningful. If West Fraser follows suit, you'll definitely see prices head north again.
What you're referring to is market manipulation/price fixing rather than inflation. It's most definitely not inflation due to covid.
Agreed.
Covid is over.
It appears to be in the midwest.
I was being serious. I'm jealous.
It's a motherfucker.
3 weeks in a row the market has printed up.Where you at
'Unprecedented collapse' in lumber prices forces one Canadian sawmill to curb production
Lumber companies may have added too much production, too quickly, with lumber sinking 70 per cent since May
Not a meteoric rise, but even after the huge drop we never got to pre-Covid levels and now we are heading back up.
Give it time. I've got another 9 months. You also previously said it got down to highwe pre-covid levels a few months ago. YOU LIAR!!!
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Are we gonna win our bets ?
I haven’t been following’murica and I don’t member what his number was lol
Wait, did someone bet against inflation that's already happened?
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M
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Where before I was reasonably confident the inflation worries were at best a temporary blip, now I'm resoundingly confident the idea is an influence campaign to control monetary policy.@Splinty @Let Love Lead let's have a friendly wager on this. The CPI rose this month by 0.8%. I will bet that by October, the average monthly increase will be no greater than 0.2% if not in the negative. If inflation is running away, this prediction should easily fail. If I lose, I'll pay each of you the difference in how much higher it is times $100, e.g. 1.0-0.2=0.8 * 100=80 or 0.5-0.2=0.3 * 100=30 etc. If I win, you both donate 0.2% of your 2020 tax return to a charitable cause of my choosing.
@JakePaulsBeard this was the original wager, but I changed it because I don’t get money back from gubmint
You guys are going to get torched.
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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).
Don't worry, they'll start pulling stuff out of their basket of goods before long.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).
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Higher end of pre-covid average is where it got.
Prior to the crazy rise, it was lower than normal.
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.
My stance the entire time is that the market has normal ebb and flow fluctuations, and we would eventually return to that practice but at a higher level than what had been established for the last 5 or 6 years.
Nobody anticipated the sudden, crazy drop - but it never got to a previous "average", and now we're heading north.
The news media can say lumber is down 50% over the last 3 months and they'd be right, but it doesn't change the fact that it's still sitting 20% higher than what was considered "normal", and it's climbing.