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Old 05-12-2021, 11:35 AM
 
Location: Land of the Free
5,648 posts, read 5,576,744 times
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Used cars and trucks soaring.

https://www.bls.gov/news.release/cpi.t07.htm
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Old 05-12-2021, 04:17 PM
 
Location: Silicon Valley
221 posts, read 116,077 times
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Originally Posted by TheseGoTo11 View Post
Used cars and trucks soaring.

https://www.bls.gov/news.release/cpi.t07.htm
Wow! Why is that? I have been feeling very uneasy with our economy since March and have noticed considerable price increases in many things we consume. Been watching how much exuberance there is in rising real estate prices in most areas. Seen this before several times. Then comes stock market decline.
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Old 05-12-2021, 04:40 PM
 
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Shortages from the inventories being low and now the demand from reopening ..it is all temporary
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Old 05-12-2021, 05:31 PM
 
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I know people at dealerships that have out of state buyers coming in and paying a price where the dealership is making 5 figure profit, and they’re taking those cars to neighboring states and making an even greater profit for themselves.

Apparently the dealerships have guidelines from the auto manufacturers so they can only charge so much so they’re losing out on the arbitrage not that they’d care because the name of the game is just moving the inventory quick.
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Old 05-12-2021, 05:45 PM
 
Location: Boston
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consumer prices highest in 13 years, gas prices highest in 7 years. Borrow more money Biden, see how bad it can get.
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Old 05-12-2021, 10:55 PM
 
1,766 posts, read 1,104,319 times
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The inflation we are seeing is supply driven, not demand driven. And is driven by speculation that the economies of the world WILL go wild, when COVID is vanquished. BUT WILL THE COVID DEPRESSION be vanquished before the DEBT-OVERHEATED WORLD deflates finally and properly?
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Old 05-13-2021, 02:37 AM
 
Location: Flyover part of Virginia
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Yeah, of course prices are up- look how much funny money the US government and governments all over the world are printing.
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Old 05-13-2021, 03:29 AM
 
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Originally Posted by Taggerung View Post
Yeah, of course prices are up- look how much funny money the US government and governments all over the world are printing.
Watch as supplies increase of the stuff driving up prices , it isn’t a money supply issue as much as you want it to be
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Old 05-13-2021, 03:58 AM
 
Location: Flyover part of Virginia
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Originally Posted by mathjak107 View Post
Watch as supplies increase of the stuff driving up prices , it isn’t a money supply issue as much as you want it to be
And these price increases aren't as 'transitory' as you wish they are. They are permanent, and will get immensely worse, they will become nothing less than crippling. It doesn't even matter what happens to Covid at this point.
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Old 05-13-2021, 04:02 AM
 
98,405 posts, read 97,564,045 times
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Originally Posted by Taggerung View Post
And these price increases aren't as 'transitory' as you wish they are. They are permanent, and will get immensely worse, they will become nothing less than crippling. It doesn't even matter what happens to Covid at this point.
You don’t know that !
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