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When it comes to lumber, prices are high because the supply was crippled and output was stunted. The high prices will keep a lid on new construction, remodeling projects, etc. I personally know many people who are holding off on projects due to the high price of construction materials including lumber. That is not a sign of a "booming economy". Especially when wages are not growing with those rising prices.
And WHY was the lumber supply crippled and output stunted? Because of Covid-19, that's why. A huge drop in demand during the pandemic caused many lumber mills to shut down.
Now, demand is way up (yes, because of a booming economy). The supply of lumber can't be just turned on like a faucet. Those mills need to be reopened...IF they can find any workers, considering all the jobs available now (another sign of a booming economy). This time next year the price of lumber should be back to normal.
It's the money supply, and it shows a rather shocking increase in mid-2020. No doubt the result of desperate government measures taken to prevent our whole economy from collapsing in the wake of the pandemic. Maybe it was necessary, I don't know, but we definitely will have to face the consequences.
Using last April, the height of the pandemic's economic impact, is misleading, the same way using 1977-79 for climate for purposes of showing "warming" is misleading.
Good point. Cotton, for example, is now lower than it was in June of 2018.
There is no scenario where hyperinflation is avoided.
Yes, we understand you're one of those brilliant economic prognosticators that will just keep on predicting something is just around the corner. This method of prediction can be done eternally if needed, since it is impossible to be wrong with an open ended window of time.
How about you impress us and give us a date? A monkey you co what you're doing here.
Weimar Inflation Alert: 412% increase in lumber in one year, cotton up 70%, gas up 50%, iron ore for steel up 120%
This has nothing to do with the Weimar [sic] Republic, but thanks for the propaganda and disinformation just the same.
Quote:
Originally Posted by lovecrowds
From $2.59 per 1,000 board feet last Aptil to $13.26 this April
Cotton up by more than 70% from 48 cents to 84 cents.
Iron Ore from 81 cents to $1.80 up more than 120%
Gas prices up more than 50%
Corn up 90%
High corn prices to feed cattle will cause beef prices to go through the roof and restaurant prices to increase additionally many states have increased restuarant wages.
Soy up 70%
STUPID-19 caused production to halt or diminish. The sudden Demand is what is causing these temporary price spikes until production is back to 100%.
I know the Text Message Crowd thinks all you need is a mouse-click to get things back to normal, but that's now how it works.
It's the money supply, and it shows a rather shocking increase in mid-2020. No doubt the result of desperate government measures taken to prevent our whole economy from collapsing in the wake of the pandemic. Maybe it was necessary, I don't know, but we definitely will have to face the consequences.
And, we will, but it's not a train. It doesn't run on a schedule.
Worse still, it doesn't work the way these panicky people think it works.
It isn't increase the money supply and 24 hours later you got Monetary Inflation (which is not happening now in spite of these woo-woos fantasies.)
It takes years.
It's been maybe 10 years now, but to debunk some ass-clown's nonsense I spent a considerable amount of time over a month to two doing the calculations.
I said at that time your economy could handle another $9 TRILLION to $13 TRILLION.
I also said you wouldn't see Monetary Inflation before 2025.
This is not Monetary Inflation. This is Demand-pull Inflation.
Short Supply. High Demand. Prices rise. End of story. Period.
Everyone grow up and get over it already.
Quote:
Originally Posted by Leo58
Good point. Cotton, for example, is now lower than it was in June of 2018.
Thanks for injecting some sanity here.
Quote:
Originally Posted by BBMW
Couldn't be because the Fed is pumping out cash like nuts. Inflation is fun at the beginning. Look at the chart linked below.
Quote:
Originally Posted by Artisan10
What does that chart signify?
Nothing.
This is classic "Monkey see. Monkey do." with no understanding.
Someone on the internet said something 'bout something 'bout someone and here's a graph, which happens to mean exactly nothing.
That graph cannot be correctly interpreted without looking at this graph:
Whoomp! There it is.
No Monetary Inflation.
Sorry sheeple. Stop drinking the Kool-Aid® and get educated.
It's the money supply, and it shows a rather shocking increase in mid-2020. No doubt the result of desperate government measures taken to prevent our whole economy from collapsing in the wake of the pandemic. Maybe it was necessary, I don't know, but we definitely will have to face the consequences.
Here it is:
10-11-2014, 07:41 PM
Quote:
Originally Posted by Mircea
You won't see Deflation until the 2nd half of this Century, but glad to see people planning ahead.
[snip]
That is for a closed system.
The Zimbabwean Dollar and the Marks issued during the Wiemar Republic were closed systems.
The US Dollar is an open system. We are looking at the total value of commodities sold in US Dollars globally.
As I said back in 2010, you can handle another $9 TRILLION to $13 TRILLION before you start seeing anything remotely close to hyper-Monetary Inflation (which I define as 15% or more annually).
And as I also said, it would be around 2024-2025.
That's about 10 years from now.
You'll see a spike for a quarter, probably two, maybe even three quarters, then nothing, and then you'll get pummeled.
There will be a triggering even, which maybe either political or economic, and possibly quite mundane.
yes, we understand you're one of those brilliant economic prognosticators that will just keep on predicting something is just around the corner. This method of prediction can be done eternally if needed, since it is impossible to be wrong with an open ended window of time.
How about you impress us and give us a date? A monkey you co what you're doing here.
2025-2026
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