I work in the heavy equipment parts business, I have received 6 emails and letters this week warning of cost increases coming 10/1/2021 4.5%-14% depending on the supplier. Going to be a log couple of years.
Inflation is here
- Thread starter Racecarfan2
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Well, it's obvious why this is all happening, so for those who caused it pat yourselves on the back. And that's all I'll say on the topic b/c our entire situation infuriates me.
some ppl that have never experienced such things are in for rude awakening. ...if you put your ear to a seashell you can hear the fizzy sound of all the enlightened ones bubbles popping.
Agree. There are some serious labor issues in Asia. The fact that delivery times continue to be longer than what they were pre-pandemic is a sign that it's not run of the mill inflation.
It is when factories are running below pre-pandemic capacity. For example lumber is down 74% from its all time high.
+1. And they have been oddly silent for the past 7 months after running their mouths non-stop for 4 years.
I hope they get everything they wanted and then some.
Nah, you just need to go ask your boss for a 30% pay raise. And FYI, what this inflation really does is cut your income and savings by something like 20% across the board, plus or minus.
how do you prepare for times like this? My instinct is to fill the pantry and buy household supplies etc right now.
Bend over and inflation will show you
Actually, last year.
Borrow money to buy something that will have long term value.
Caught up with my podcasts this week and heard this yesterday.
Check out Jeromonomics: Indicator Of The Week
https://listen.stitcher.com/yvap/?c...2&deep_link_value=stitcher://episode/86398702
Check out Jeromonomics: Indicator Of The Week
https://listen.stitcher.com/yvap/?c...2&deep_link_value=stitcher://episode/86398702
Three reasons for inflation:
1. Increased money supply - money supply increased 30% from January 2020 to January 2021 increasing from $15.4T to $19.4T. In the past 7 months it has increased from $19.4T to $20.5T - https://tradingeconomics.com/united-states/money-supply-m2
2. Decreased value of the dollar - related to #1
3. Supply chain issues especially from raw materials and goods coming from Asia - complicated.
All three of these started squarely in 2020 with the biggest contributor (#1) taking place almost entirely in 2020.
https://www.forbes.com/sites/mikepa...sons-why-inflation-is-rising/?sh=7be08f432f80
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gas just bumped up to $3.25 gallon, was $1.95 this this last year, this is what happens when you shut down your own energy supply and rely on foreign countries to give you oil, plus all the FREE money that was thrown out to everybody
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