Inflation kicking up
- Thread starter Hawkeye10
- Start date
LIAR
evince
Truthmatters
evince
Truthmatters
The 1998 bombing of Iraq (code-named Operation Desert Fox) was a major four-day bombing campaign on Iraqi targets from 16 to 19 December 1998, by the United States and the United Kingdom. The contemporaneous justification for the strikes was Iraq's failure to comply with United Nations Security Council resolutions and its interference with United Nations Special Commission inspectors who were looking for weapons of mass destruction.
We have had 14 years of too low inflation. It has actually shifted into deflation. We have been trying to get inflation to be a bit higher.
As for being warned, Republicans have warned us about 42 of the last zero bouts of hyperinflation.
WTF?
We want inflation to be at about 2%. It has been in the range of -1% to 1%. We want inflation to rise.
In fact, the Fed has already decided that a little above 2% is good to catch up with the inflation target.
Do you need me to dumb this down for you more?
Darth Omar
Russian asset
Who needs the experts lol.
One of the first things they teach in Econ 101 is the principle of ‘too many dollars chasing too few goods’ as the definition of inflation. They’re currently printing money to fund the absurd level of debt.
Bingo, inflation is a mathematical certainty. It’s only going to be a question of degree. All we need are flat wages [less certain but very probable] and some ridiculous pump prices and we’ll get to revisit stagflation and the Jimmy Carter era.
Second time around for most of us. Fun stuff. Way to go lefties.
A big one that most outside of the trades are unaware of......... Building materials, specifically lumbar have been skyrocketing over the last 6 months or so. Lumber has doubled and in some cases almost tripled! A common 8 foot 2x4 is now 6 bucks or so,.....that same piece of lumber was around 1.88 just last year. Gee,.....wonder if that is going to put a HUGE DENT in new home or remodel starts? 
Think about it a minute.....so, as a rough number 25,000 isnt really jack shit when it comes to a load of lumber on a job site,....it doesnt build all that much when considering what you need to build a whole home. So today that same load of lumber is now 55,000 while it was only 25,000 just last year? Ahhhh, yeah.....this is gonna be a BIG problem.
Think about it a minute.....so, as a rough number 25,000 isnt really jack shit when it comes to a load of lumber on a job site,....it doesnt build all that much when considering what you need to build a whole home. So today that same load of lumber is now 55,000 while it was only 25,000 just last year? Ahhhh, yeah.....this is gonna be a BIG problem.
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The spurts are claiming it is being caused by several factors. 1..... plain old inflation. 2.... Stimulus payments have caused a situation where a lot of people have done small remodel projects on their homes which in turn caused a shortage. 3..... The forest fires last year. 4.....Fuel prices.
No, someone who is not a moron would look at the details, and see that the principal driver was gas prices, and also recognize this is the PRODUCER price index, which is NOT the measure of inflation. Maybe you should read what you post before you post it. The CPI is at 0.4% inflation, and year over year is 1.7% Keep your day job crazy guy.
Next?
A big one that most outside of the trades are unaware of......... Building materials, specifically lumbar have been skyrocketing over the last 6 months or so. Lumber has doubled and in some cases almost tripled! A common 8 foot 2x4 is now 6 bucks or so,.....that same piece of lumber was around 1.88 just last year. Gee,.....wonder if that is going to put a HUGE DENT in new home or remodel starts?
Think about it a minute.....so, as a rough number 25,000 isnt really jack shit when it comes to a load of lumber on a job site,....it doesnt build all that much when considering what you need to build a whole home. So today that same load of lumber is now 55,000 while it was only 25,000 just last year? Ahhhh, yeah.....this is gonna be a BIG problem.
This is actually because housing starts are now way up, because the housing market is artificially inflated. There is no inventory, and builders are rushing to fill the gap. Bad time to buy a house, especially if you aren't selling one in the process.