Here's a few of the price increases coming our way. Be prepared to pay more, a lot more for everything you buy.
Get ready to pay more.
- Thread starter OldRider
- Start date
More....
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As Sierra1 said . . .
Most people don't realize what this chart shows - that it took off in March 2020 when all the money was passed out so freely.
Most people don't realize what this chart shows - that it took off in March 2020 when all the money was passed out so freely.
That's the job of Federal Reserve and Jay Powell
BTW - THIS THREAD WILL BE NUKED IF/WHEN IT GOES POLITICAL
O ye of little faith.
Just saw on the news that more than $100 BILLION was "stolen" from the covid relief fund due to unemployment fraud. "There will be investigations", and when the violators have been identified "the money will be returned". Yeah, right.
Dshane
Active Member
This morning I shipped a seat from Mass to California and the lady at the shipping store said all carriers are increasing their rates 7% the day after Christmas. All of them! At least they waited til after Christmas.....
It wasn’t all that long ago we thought 6% inflation and 8% mortgages were a bargain
thughes317
Well-Known Member
Damn, I was just getting ready to post my "I did that!" meme......
As Americans we have been enjoying low inflation rates for a long time now, like maybe 30 years. In looking at the chart posted by Checkswrecks, my wages and investments easily outpaced the inflation rates. I believe the current inflation is being caused by opportunistic (greedy) manufactures, distributors and retailers looking to make up for their losses incurred during the pandemic. Another big reason is the trade war with China. I also believe the current inflation rates will be temporary and will get back to normal in the 2nd quarter of 2022.
Here in Wisconsin, I am just not seeing the big price increases. Gas (87 octane 10% ethanol) is $2.85/gallon. Milk is $2.29/gallon. Boneless, skinless chicken breasts are $1.99/lb. Ground beef is $2.99-$4.99/lb. You can buy a ham for $.77/lb. Beer prices haven't changed much from pre pandemic levels. I recently bought a 55" LG TV for $400. Lumber prices that were sky high all summer are coming down. Housing prices are way up, though I believe this is a result of the low interest rates and lack of houses. I think this is also temporary.
The unemployment rate in Wisconsin is 3%. Almost every employer is hiring. Several area employers are offering $2000 signing bonuses on jobs that start at $20-$30/hour plus benefits from day 1 even more for skilled trades. All is not doom and gloom.
Here in Wisconsin, I am just not seeing the big price increases. Gas (87 octane 10% ethanol) is $2.85/gallon. Milk is $2.29/gallon. Boneless, skinless chicken breasts are $1.99/lb. Ground beef is $2.99-$4.99/lb. You can buy a ham for $.77/lb. Beer prices haven't changed much from pre pandemic levels. I recently bought a 55" LG TV for $400. Lumber prices that were sky high all summer are coming down. Housing prices are way up, though I believe this is a result of the low interest rates and lack of houses. I think this is also temporary.
The unemployment rate in Wisconsin is 3%. Almost every employer is hiring. Several area employers are offering $2000 signing bonuses on jobs that start at $20-$30/hour plus benefits from day 1 even more for skilled trades. All is not doom and gloom.
Lip service. Imagine if the people that they are going after "stole" $2 million each, that would be 50K investigations, along with court time.
Yeah, that will really happen.....
I am sure along with my fellow LEO's here, have seen the fed's do criminal investigations. They are good, but very slow.
Why not just nuke the politician? The thread isn't political.
Politicians like cockroaches would likely survive a thermonuclear event…..
AusTexS10
Well-Known Member
LOL - Nuking politicians is a nice idea but would be illegal and nobody would want to clean the mess.
Eville Rich
Well-Known Member
It's nice that GIVI actually stated their planned price increase - four percent - which really isn't all that much. But other than for U.S. healthcare costs and maybe gas price volatility, we aren't used to big step changes. There's a natural desire for a company to seek the highest price possible. We've had a very long period of low inflation in the U.S. Not sure about the global pattern. Whether or not the costs of production and shipping are going up, this is clearly a time when manufacturers see an opportunity to increase prices without risking their competitive position. It'll be interesting to see just how uniform similar products move in price.
I expect gas will stay at a more natural $3 to $4 per gallon in the U.S. but that we'll see some retraction once the quantitative easing is eased and central banks raise interest rates. If you aren't borrowing, then you'll benefit from the shift.
The tight U.S. labor market will be one to watch. To a degree we're seeing a natural demographic shift as the baby boomers retire, with simply fewer people in their wake. While the boomers are still getting served by the economy, there's going to be ongoing demand, though that will fade as the generation fades.
Eville Rich
2016 S10
I expect gas will stay at a more natural $3 to $4 per gallon in the U.S. but that we'll see some retraction once the quantitative easing is eased and central banks raise interest rates. If you aren't borrowing, then you'll benefit from the shift.
The tight U.S. labor market will be one to watch. To a degree we're seeing a natural demographic shift as the baby boomers retire, with simply fewer people in their wake. While the boomers are still getting served by the economy, there's going to be ongoing demand, though that will fade as the generation fades.
Eville Rich
2016 S10
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