Inflation? Who cares?
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Some inflation is not a terrible thing, hyperinflation is.
Thr high cost of building materials is a supply vs demand issue, not an inflation one.
Some inflation is not a terrible thing, hyperinflation is.
Thr high cost of building materials is a supply vs demand issue, not an inflation one.
The rising cost of goods & services is the textbook definition of inflation.
BTW, the CPI is the metric for inflation. . .
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Some inflation is not a terrible thing, hyperinflation is.
Thr high cost of building materials is a supply vs demand issue, not an inflation one.
The rising cost of goods & services is the textbook definition of inflation.
BTW, the CPI is the metric for inflation. . .
The rising cost of goods & services is the textbook definition of inflation.
BTW, the CPI is the metric for inflation. . .
On that we agree but as you can see the CPI is slightly higher. Using the building material example is disingenuous because supply is what has caused those prices to skyrocket. Automobile prices are increasing due to a microchip shortage, not hyperinflation.
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The rising cost of goods & services is the textbook definition of inflation.
BTW, the CPI is the metric for inflation. . .
On that we agree but as you can see the CPI is slightly higher. Using the building material example is disingenuous because supply is what has caused those prices to skyrocket. Automobile prices are increasing due to a microchip shortage, not hyperinflation.
On that we agree but as you can see the CPI is slightly higher. Using the building material example is disingenuous because supply is what has caused those prices to skyrocket. Automobile prices are increasing due to a microchip shortage, not hyperinflation.
I have a friend in Florida that told me that a sheet of plywood costs $22 a sheet (this was several years back) and when a hurricane is tracking nearby, that same sheet of plywood goes to $85 a sheet. After the hurricane passes, it reverts back to $22 a sheet.
The point being, is the demand for all building materials have been climbing for nearly a year not a short term spike.
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On that we agree but as you can see the CPI is slightly higher. Using the building material example is disingenuous because supply is what has caused those prices to skyrocket. Automobile prices are increasing due to a microchip shortage, not hyperinflation.
I have a friend in Florida that told me that a sheet of plywood costs $22 a sheet (this was several years back) and when a hurricane is tracking nearby, that same sheet of plywood goes to $85 a sheet. After the hurricane passes, it reverts back to $22 a sheet.
The point being, is the demand for all building materials have been climbing for nearly a year not a short term spike.
I have a friend in Florida that told me that a sheet of plywood costs $22 a sheet (this was several years back) and when a hurricane is tracking nearby, that same sheet of plywood goes to $85 a sheet. After the hurricane passes, it reverts back to $22 a sheet.
The point being, is the demand for all building materials have been climbing for nearly a year not a short term spike.
Completely agree but that is a very different conversation from government spending and inflation.
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Here’s the list of housing and commodities price jumps in the past 12 months (BTW coffee is up 13%).
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Lumber: +265%
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West Texas Intermediate Crude: +210%
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Gasoline: +182%
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Brent Crude: +163%
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Heating oil: +107%
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Corn: +84%
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Copper: +83%
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Soybeans: +72%
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Silver: +65%
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Sugar: +59%
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Cotton: +54%
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Natural gas: +43%
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Platinum +52%
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Palladium: +32%
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Wheat: +19%
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Regardless of the reasons for this rise in prices isn't helped by 2, 3 or 4 trillion dollars flushed down the toilet.
WSS
PS it doesn't seem as though gasoline is up 182%.
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Regardless of the reasons for this rise in prices isn't helped by 2, 3 or 4 trillion dollars flushed down the toilet.
WSS
PS it doesn't seem as though gasoline is up 182%.
Regardless of the reasons for this rise in prices isn't helped by 2, 3 or 4 trillion dollars flushed down the toilet.
WSS
PS it doesn't seem as though gasoline is up 182%.
I looked up the price of a gallon of gas in May 2020, which came up as $1.77 a gallon.
When I was out and about this morning, the price of gas in Medina was around $2.94 a gallon.
That works out to be 166%.
However, it’s been my experience that gas prices can vary by region.
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liberals will only admit inflation dangers if the president is a republican.
but read on:
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Hoorta and Tex's corrupt joe the schmoe's energy sec blames the gas prices on covid.
always excuses for their liberal failures.
Get a clue - the inflation did not hit like this while a REAL AMERICAN PRESIDENT - PRESIDENT TRUMP...was in our WH.
it's on bumble-brained biden.
https://www.theblaze.com/news/energy-secretary-blames-pandemic-soaring-gas-prices
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