Rising Prices

Discussion in 'The Other Stuff' started by Econ, May 3, 2021.

  1. Econ

    Econ Well-Known Member

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    Shadow Stats has the US inflation rate at 12%. The propaganda coming out of DC is 4.1%. A minimum wage increase would be highly inflationary, cost push.

    Orange, long needle, Pine straw for landscaping was 4.25 to 5.00 a bale last year. My neighbor paid 13.55 yesterday. They site labor cost high enough to get people to work.
     
  2. reddy

    reddy New Member

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  3. reddy

    reddy New Member

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    I use this site for camping tips and dont post BUT I was very happy to read such a insightful post...thank you
     
  4. Old_Geezer

    Old_Geezer Well-Known Member

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    Just for sheets and giggles. Find a grocery store receipt from last June, go to the same store and but the same exact items.......Sticker shock indeed...Its not a percent or two, and surpasses the 12% you mention by a fair amount...and most of those items if packaged will be less weight at a higher cost.
     
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  5. Dan Wilson

    Dan Wilson Active Member

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    The cause is a little more mundane. The economy was brought to a halt by Covid and now we are asking it to go from zero to sixty in ten seconds. Time will take care of this.
     
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  6. firepit

    firepit Well-Known Member

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    Here's the problem I see...They can't hire truck drivers right now...Companies can't find workers.
    In order to entice people to work for them ....They have to jack wages up.
    Which means businesses will struggle in the long run to survive.
    They will cut costs through less benefits...Lowering inventory etc etc.
    The cost's will continue to pushed on to the consumer.
    They employees they hire right now will be laid off when things slow back down.
    Once this spike is over from opening things back up and things settle down
    unemployment will shoot back up.
    It's a vicious cycle that we ride on.
    These RV dealers jacking up prices due to low inventory and demand
    better be prepared to deal with competing with private sellers looking to
    unload their campers when they go back to flying for vacations and renting cabins
    as well as staying motels.
    It is a sellers market...But eventually it will make a 180 and go to being
    a buyers market.
    I'm wouldn't to be that person who bought a RV/Boat/Car/Home during this pandemic because they are gonna be stuck with them unless
    they are willing to take a big hit once things stabilize
     
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  7. Econ

    Econ Well-Known Member

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    @Old_Geezer
    Shadow Stats got started because the Feds lost credibility and they started selling credible information to businesses.

    @firepit

    Ever wonder where my screen name/moniker came from?

    And dont bad mouth the laws of supply and demand!!!!! It's the basis of free market capitalism. Something we haven't seen in this country for over a 100 years.
     
  8. Sjm9911

    Sjm9911 Well-Known Member

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    I thought it was because you were cheap. [:D] what do i know........:p
     
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  9. firepit

    firepit Well-Known Member

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    Were did you get me bad mouthing free market capitalism?
    Enlighten me...I think my point was it goes in cycles.
    If you want to buy big ticket items right now ...Knock yourself out.
    You go out and buy that new camper...Buy em up.
    Cause I might be one of the vultures circling to buy one of them when the free market capitalism
    swings in my favor.
    Buy low sell high...Not buy high and sell low.
     
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  10. firepit

    firepit Well-Known Member

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    I gave up looking...I snoozed at the wheel and the camper I want was around $13000
    and now it is $18K or higher I have seen a few over $20K where you can find them.
    Nope!...I am gonna ride it out till camper prices tank.
    If it's 1 yr 2 or 3 I ain't gettin sucked in.[:D]
     
  11. Sjm9911

    Sjm9911 Well-Known Member

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    I think he was kidding around. :confused:
     
  12. firepit

    firepit Well-Known Member

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    So was I...except for waiting to buy...that i am serious about.
    Sometimes i word things the wrong way.
     
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  13. Econ

    Econ Well-Known Member

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    i am that but there is another reason.
     
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  14. firepit

    firepit Well-Known Member

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    Nothing wrong with being tight with your money.
    They do say the people with all the money are tight or politicians[:D]
    My family says i am so tight i squeak.
     
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  15. Econ

    Econ Well-Known Member

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    Please give me overnight to sleep on this. It's been a hard day.

    Its a new day. It's raining but I feel better. Reread what you said and take it back.



    I leave you with something to ponder while we are on this subject.

    https://fred.stlouisfed.org/series/WM2NS

    I'm off to go horde beef

    PS: there is a day of reckoning coming and it wont be pretty. Campers are just one of many items. I have considered selling the camper and the house and wait.
     
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  16. firepit

    firepit Well-Known Member

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    I considered selling my house but the problem is I would have to pay up just like buyers would have to
    pay up to buy mine...And that would be if I could find a house.
    I have been watching and as soon as they hit the market around here...The same day they are pending
    already.
    My apology if I offended you....I don't hold hard feelings so hopefully we can roll on.
    Sometimes i don't word things the best....I am just a dumb hick from small town Nebraska:grin:
     
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  17. Sjm9911

    Sjm9911 Well-Known Member

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    I think it has to do with sarcasm not translating to the written word. ;)
     
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  18. firepit

    firepit Well-Known Member

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    It happens and I am guilty of it.
     
  19. Jkoht

    Jkoht Member

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    All I can say is that I bought 10 sheets of 1/2" plywood in March for $660, but it should've been $200 if life was normal.
     
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  20. davekro

    davekro Well-Known Member Gold Supporting Member

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    Econ,
    I'd be curious if you could expand on what you see and feel is coming. I Googled M2 money supply increase. I get what it is, but can find no layman's explanation of what that means for main street, as they say. I find most financial articles report things and assume... "Well, we all know what THAT means." Obviously there are myriad variables as to possible outcomes, but they always seem to imply an outcome, but don't say their belief in clear terms. I get it that this way they can't be called wrong later, but it makes their prognostications pretty useless to non economists of folks in the banking/ money trades. End of rant... ;)
     

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