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In this recovering economy, prices may tick up but inflation is not a problem
Posted on 5/6/21 at 8:02 am
Posted on 5/6/21 at 8:02 am
quote:
The question is not whether there will be some inflation this year, but whether it will represent “overheating” of the economy as a whole. Most likely, it will not. The outlook for 2021 and beyond is that inflation will hover around the Fed’s target, rather than consistently falling short, as it has for the last 13 years.
quote:
J. Bradford DeLong, a former deputy assistant U.S. Treasury secretary
Yeah, nice try. Just walk down the grocery store aisle or lumber section of Lowe's.
7
Posted on 5/6/21 at 8:03 am to seawolf06
quote:
In this recovering economy, prices may tick up but inflation is not a problem
Gaslighting inflation under Joe's economy.
Posted on 5/6/21 at 8:03 am to seawolf06
My buddy was bitching about how much his two-by-four’s for his plants costed the other day lol.
Posted on 5/6/21 at 8:03 am to seawolf06
Nothing to see here, this is fine..
Posted on 5/6/21 at 8:04 am to seawolf06
As prices go up the poor will no longer be able to afford enough food on the benefits they have now. The government will have to give more to the poor and print more money in the process which will cause the US dollar to decrease in value. Down the toilet bowl we go…..
Posted on 5/6/21 at 8:06 am to seawolf06
quote:
Yeah, nice try. Just walk down the grocery store aisle or lumber section of Lowe's.
I don't think that is purely inflation as the whole global shortage of materials.
Posted on 5/6/21 at 8:11 am to seawolf06
just re-proced a project from pre-covid
Copper up 30%
total material for the project (Steel/PVC/Copper) up a little over 20% from last year....
buddy of mine who is a general contractor, said cost of building a 2000 sq ft house is going to cost $16,000 - $20,000 more just on the building materials alone.
and with talk of interest rates going up, this buyers market will quickly turn into a sellers market.
Copper up 30%
total material for the project (Steel/PVC/Copper) up a little over 20% from last year....
buddy of mine who is a general contractor, said cost of building a 2000 sq ft house is going to cost $16,000 - $20,000 more just on the building materials alone.
and with talk of interest rates going up, this buyers market will quickly turn into a sellers market.
Posted on 5/6/21 at 8:12 am to seawolf06
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