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Yes:Did I say it was?
As individual items, no. But when several commodities, industries, etc. are affected by supply and demand and prices change to reflect, then you change the CPI. That is a measure of inflation.Yes:
"I have said in several other threads that some level of inflation was expected as we recover from the effects of COVID-19. People stopped building, buying cars, eating out, traveling, etc. so the industries/sectors that were affected had to respond. For instance, rental car companies reduced their fleet capacity because there was no demand. When people started traveling again, the reduced capacity led to shortages of available vehicles."
Taking your example, rental car companies reducing their fleet capacity, and the resulting shortage as the economy opened back up, isn't inflation. It's just a supply and demand issue.
Inflation is a general decrease in the buying power of the dollar over time. Short term changes don't indicate inflation, nor do changes of only certain goods / services.As individual items, no. But when several commodities, industries, etc. are affected by supply and demand and prices change to reflect, then you change the CPI. That is a measure of inflation.
What Causes Inflation? How It's Measured and How to Protect Against It
In this article, we examine the fundamental factors behind inflation, different types of inflation, and who benefits from it.www.investopedia.com
What’s your point?
Right now lumber prices are not declining. They are still extremely high. Eventually they will come down. A lot people will be financially ruined before that happens.
but I know it’s ok because we have a Democrat administration. To liberals everything is unicorns and butterflies when we Democrat administration.
Tell the article not me.Inflation is a general decrease in the buying power of the dollar over time. Short term changes don't indicate inflation, nor do changes of only certain goods / services.
Only if wages and salary increase. If not, the price will fall back to $3.$3 2x4s are gone for the foreseeable future, if not forever. I'm predicting they will settle in at about $4.50/$5.
People are building now with houses costing upwards of more than $30k extra, they'll build if lumber does not fall to pre-pandemic levels as well.Only if wages and salary increase. If not, the price will fall back to $3.
Price of a good is a function of income (everything else being equal)
But people also have to earn an higher income to be able to afford the more expensive house.People are building now with houses costing upwards of more than $30k extra, they'll build if lumber does not fall to pre-pandemic levels as well.
People with low wages aren't buying houses, they are renting.But people also have to earn an higher income to be able to afford the more expensive house.
Tell the article not me.
And tell this WaPo article as well.
I really don’t think society is worried about poor people and haven’t been since the 70s.People with low wages aren't buying houses, they are renting.
Yeah they said that 10 years ago tooBuy gold or commodities.
Post all the silly graphs you want. Go look at lumber prices.But you're wrong.
LBS
Get the latest Lumber price (LBS) as well as the latest futures prices and other commodity market news at Nasdaq.www.nasdaq.com
View attachment 67339634
Oh no! 3% year-over-year!Annnd inflation is here despite what the NYT and WaPo says. They're idiots:
Key inflation indicator posts biggest year-over-year gain in nearly three decades
A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s.www.cnbc.com
Buy gold or commodities.
Post all the silly graphs you want.
What? please explain.This is the level of rationalism I have come to expect from the right.
What? please explain.
I again went to price 16 foot treated 2x12's. Still $85.00 each.I just bought lumber this week.
2x4 sheet of birch plywood $ 24.99 each
1x4x8 knotty pine. $ 13.99
looked at a 4x8 sheet of sheathing ant it was $ 75 and full of knots
Guess it will take a while for prices to come down around me…..
I'm wondering how you connected this subject to nationalism. You make some strange comments.I showed you the commodity price index, which is shadowed by the retail price, and you threw a fit about "silly graphs".
Because math is hard, I guess.
I could argue the drop from $18 per 2x4 to $13 per 2x4 in the last 72 hours, trending to drop at an even sharper rate, but that's not why you're here. You're here because you are desperate for an economic catastrophe to validate your orange smear of an ex-president. It's the only thing right wingers value anymore.
I'm wondering how you connected this subject to nationalism. You make some strange comments.
Right here..........Where did I mention nationalism?
It's more of a cult thing.
This is the level of rationalism I have come to expect from the right.
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