Shout out the Billy Paul (https://www.youtube.com/watch?v=wWlTS_Gm_T8)
Are you noticing prices getting higher?

The target inflation rate is 2% per year. Yesterday, it was measured at 4.6%, the biggest jump in overall prices since 2008. Although the number could be poorly measured since it is looking at the increase since last April when things were crazy and prices could have been low.

Food is getting expensive (https://finance.yahoo.com/news/why-food-prices-will-keep-going-up-130929152.html)

Cars are expensive (https://www.bloomberg.com/news/articles/2021-05-12/record-surge-in-used-car-prices-is-key-culprit-in-inflation-jump).

Houses are expensive (https://www.bloombergquint.com/gadfly/april-cpi-housing-may-be-inflation-s-hidden-danger).

Building materials (steel, wood, etc.) are expensive (https://www.cnn.com/2021/05/06/investing/steel-shortage-stocks-bubble/index.html
https://www.cnbc.com/2021/04/30/soaring-lumber-prices-add-36000-to-the-cost-of-a-new-home.html)

Stocks are expensive. Cryptocurrencies are expensive

We're over a year into a global pandemic and one of the largest populations on this planet is being WRECKED by COVID the go along with a year long protest.

Things cost more because people need to right size their losses from the last year on the backs of others and we'll always get the shaft.

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“There is no fate that cannot be surmounted by scorn.” -Albert Camus

I’m scared to get quotes

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TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

NM
just checked the upfront costs

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“There is no fate that cannot be surmounted by scorn.” -Albert Camus

If it's not a hazard, I'd try to wait a bit

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TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

~~~~~~~~~
"This is the streets, and I am the trap." � Jay Bilas
http://www.popmatters.com/pm/archive/contributor/517
Hip Hop Handbook: http://tinyurl.com/ll4kzz

A composite will be more expensive but it might be worth the extra money to not have to worry about maintenance.

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TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

more fiat currency to address it. Our dollar is not backed by any standard except
Oil, so it only has value because the government says so. And countries are FORCED
to trade in the dollar and support the dollar, and with that we promise a strong
economy. This is why America is constantly marketing and selling products to its
citizens.

Right now so many goods, products and supplies are in high demand, which drives
inflation. People are paying double and triple to live in certain areas and regions,
and this is also carrying over in car buying. Hell, even the used car market has
inflated because there is a shortage on the availability of new cars. This will drive
prices up, because there such a huge demand for a lot of shit that people don’t need.

Also, wages have increased due to the minimum wage going up, and companies
having issues with filling job openings, because Americans don’t want to work certain jobs, and lot of Americans are under-qualified. That drives inflation as well, so companies have to raise product prices to cover job cost.

Wealthy people are getting more wealthy through new forms of financial
instruments. They drive and push markets up, which forces the rest of the country
to keep up. But the problem is the rest of the country isn’t getting more wealthy or
making more money, even though it’s spending more!

It’s one big crazy illusion....it’s the roaring 20s all over again. And the next recession
will not be pretty.

ALL HAIL THE KING of LOSING: LEBRON
Bulls | Bears | White Sox | Yankees | Notre Dame | Illinois | Chelsea | Real Madrid

>Also, wages have increased due to the minimum wage going up,
>and companies
>having issues with filling job openings, because Americans
>don’t want to work certain jobs, and lot of Americans are
>under-qualified. That drives inflation as well, so companies
>have to raise product prices to cover job cost.

Workers wages are not the driving force behind price increases. It's corporate greed. Real wages for employees have not risen in 40+ years. Meanwhile CEO compensation has grown nearly 1000% in the same time period. Stop letting them fool you into thinking it's the workers at fault and not the capitalists.

--

"You can't beat white people. You can only knock them out."

>
>>Also, wages have increased due to the minimum wage going up,
>>and companies
>>having issues with filling job openings, because Americans
>>don’t want to work certain jobs, and lot of Americans are
>>under-qualified. That drives inflation as well, so companies
>>have to raise product prices to cover job cost.
>
>Workers wages are not the driving force behind price
>increases. It's corporate greed. Real wages for employees have
>not risen in 40+ years. Meanwhile CEO compensation has grown
>nearly 1000% in the same time period. Stop letting them fool
>you into thinking it's the workers at fault and not the
>capitalists.
>
>

Right. Imagine thinking inflation coming out of an economic crisis and in the tail end of a global pandemic that mouth fucked supply chains everywhere was because SOME people's wages went up a little.

Also imagine thinking that companies set prices based on their labor costs...

If "they" can get a way with charging steel prices for lumber, "they" will do so as long as people will pay. Regardless of what the workers make.


Dude even dropped the mic like he dropped some knowledge too lol

https://www.cnn.com/2021/06/10/economy/may-consumer-price-inflation/index.html

Consumer prices roared higher in May, rising at their fastest pace in decades.

Inflation rose 5% in the 12-months ending in May, the Bureau of Labor Statistics reported Thursday. That was a faster pace than economists had predicted and the biggest jump since August 2008.

Stripping out food and energy costs, which tend to be more volatile, inflation stood at 3.8% over that 12- month period. It was the biggest increase in so-called core inflation since June 1992.

In the month of May alone, prices rose 0.6% on a seasonally adjusted basis, slightly less than in April. Core inflation, excluding food and energy prices, stood at 0.7%, down from 0.9% in April.

it's like when people complain about the price of gas.

Either sop buying things - or admit the capitalism is a nice fantasy until it hits your pocketbook.

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Gone: My Discogs collection for The Roots:
http://www.discogs.com/user/tomhayes-roots/collection

The velocity of money... i.e. how frequently individual dollars are being spent on things within a unit of time... is actually at all-time lows.

https://fred.stlouisfed.org/series/M1V

This suggests that even though the money supply has been grossly expanded, people actually aren't SPENDING it. That would suggest that the spike we're seeing in inflation isn't actually being caused by all of the dollars being created, but might be short term reactions to the supply chain disruptions due to the COVID lockdowns or other extenuating circumstances that have restricted supply of things people want.

Like with cars, the automakers shut down factories during COVID, causing dealers to bid up the price of used cars to meet existing demand. But during COVID, people who did have money start buying more electronics, so the chip manufacturers were already doing alot of business before the automakers came back in the fold. Now the automakers can't get enough chips to build so supply of cars remains constrained.

With housing, lockdowns kept people in their houses, people that were scared for their jobs probably postponed moving and foreclosure moratoriums kept the unemployed in their homes. So there's an extremely low supply of houses available, while the people that are comfortable enough to buy are seeing great rates.

Anyway, I think the Fed is looking at M1 to gauge whether this inflation will be long lasting. If the velocity stays low while the supply chain issues get worked out, then inflation will drop back down and the Fed will keep rates low. If M1 starts to pick up, then you'll see the Fed start talking about raising rates.

The one caveat is that an economy can "incept" itself into inflation... i.e. if enough people believe inflation is coming, they'll actually cause it. I think that explains what's happening with stocks and crypto right now. It's popular in investor circles to say "inflation is coming" like a Stark from Winterfell and the more people that believe it, the higher asset prices will go.

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