General A thread to discuss and follow the incoming inflation bomb

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Hauler

It takes twice as long to build bridges you burn.
Feb 3, 2016
35,384
46,991
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?
 

JakePaulsBeard

The Most Consistent Motherfucker You Know
Jul 22, 2015
50,952
48,071
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

It takes twice as long to build bridges you burn.
Feb 3, 2016
35,384
46,991
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

Michigan Girls Are Ugly
Jun 28, 2016
21,649
25,409
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.
 

JakePaulsBeard

The Most Consistent Motherfucker You Know
Jul 22, 2015
50,952
48,071
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

It takes twice as long to build bridges you burn.
Feb 3, 2016
35,384
46,991
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.
 

Lars (ADMlN)

Formerly 'Lars'
Oct 17, 2015
34,483
46,446
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

Michigan Girls Are Ugly
Jun 28, 2016
21,649
25,409

to what JakePaulsBeard @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

Michigan Girls Are Ugly
Jun 28, 2016
21,649
25,409
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".

 

JakePaulsBeard

The Most Consistent Motherfucker You Know
Jul 22, 2015
50,952
48,071

to what JakePaulsBeard @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

It takes twice as long to build bridges you burn.
Feb 3, 2016
35,384
46,991
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

It takes twice as long to build bridges you burn.
Feb 3, 2016
35,384
46,991
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.