Just dropped $200 on $150 worth of groceries. Transitory inflation? I'ma need a second job to be alive.
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having retired from home building 10 yrs ago, thought this was bs. quick search has 1/2 cdx sheeting running $76/sheet and 3/4 subfloor @ $88 per.Certain items are way more expensive. Talked to a buddy who builds houses and lives on the Central coast. Said sheets of plywood were $18, now $60. Building materials are $$.
Inflation, and the party is just getting started.Just dropped $200 on $150 worth of groceries. Transitory inflation? I'ma need a second job to be alive.
Divergence:Inflation, and the party is just getting started.
Now would be a good time to grab and "Economics for Dummies" book or a college economics textbook.
It will be good to have as a reference during the coming shitstorm.
(Remember when mundus and pals were scoffing at the idea of a major economic fallout from corona policies on top of the house of cards that was already constructed?)
We only printed $5T (or more?) out of nowhere, what’s the worst thing that could happenInflation, and the party is just getting started.
Now would be a good time to grab and "Economics for Dummies" book or a college economics textbook.
It will be good to have as a reference during the coming shitstorm.
(Remember when mundus and pals were scoffing at the idea of a major economic fallout from corona policies on top of the house of cards that was already constructed?)
We already had steady asset inflation leading up to covid, and that went into overdrive shortly after the pandemic started and we pumped $5T+ worth of new money into the system. Savings interest is a joke, so everyone piles their money into Stonks, crypto, real estate etc especially with interest rates so low and you don’t need to work in a major metro area to have a well paying job.WTF is really going on?
Everyone is suddenly driving around with traction boards, snorkels, and LED floodlights on their Toyotas, wait times for surfboards are so long some shapers have stopped taking orders, and everyone is riding around on electric bikes that cost over $2K.WTF is really going on?
Maybe they can service 2 customers at once for the same price? They do have 2 hands after all Except for the one Eunice and I go to, of courseRub and tug prices are nearly double. Not sure if they're trying to make up for lost revenue over the past year or what.
$.02Pent up demand? Will it level off?