Discussion in 'GatorNana's Too Hot for Swamp Gas' started by philnotfil, May 12, 2021.
Demand actually went up like mad, all that cheap money
There is no doubt there are various areas and products with abrupt spikes, for a variety of reasons, some due to supply disruptions, etc. That is one species of problems. The question is whether there is larger economy wide inflationary pressure
For the record I agree 100%, Which is rare between us.
For all the reasons you list prices are up.
The big question is will it be a slow return to balance or will we crash hard.
Is there any correlation between the fact that both cardboard and lumber comes from trees? Are those prices increases mainly related to supply and demand?
Sure, I'm only speaking on the issues I see that directly affect my day to day. I don't mind admitting, I don't know how it shakes out overall.
If I had to speculate, larger retails stores like Wal Mart will have to increase at some point due to the cost of importing. It affects me, much differently than it does Wal Mart, but they can't be completely immune to it.
Didn't read Larry Summers, but this guy seems to focus only on cost push inflation, hence, his tighter definition. I suspect Summers is viewing inflation from a broader perspective. IMO, this makes Baker's arg a partial retort.
I expect the lumber prices to come back to "normal" at some point, but im not so sure about the cost to import.
Thanks, and appreciate the direct info. There is no doubt that Covid will have economic effects that are permanent, some of which seem wholly unrelated. Again, appreciate the direct info
I read an article a few weeks back discussing the lumber issues it isn't just demand right now.
The article discussed the shutting down of mills in Canada years ago due to less demand and some pressure from enviro groups. That primed the pump for a shortage. The housing boom just threw gas on the fire.
Speaking of Canadian lumber and going back over three years maybe the decision of a certain former president played a role.
How Trump’s Lumber Tariffs May Have Helped Increase Home Prices (Published 2018)
Pay wall, but I think it had some of the stuff that I read weeks ago.
Only up on it as I'm in the process of building a new house, not by choice but due to fire..
Seems like grocery costs are rising rapidly.
Meat has been up for 18 months.
This made me lol.
I was wondering if any would take it that way.....
Might need to consult a doctor . . .