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Prices of Everything Is Going UP - Value of Everything Is Going DOWN (Peter Schiff)

DerekJohnsonDerekJohnson Administrator, Swaye's Wigwam Posts: 62,244 Founders Club
edited May 2022 in Tug Tavern
https://www.youtube.com/watch?v=o-sQ76wIOAg
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  • PurpleThrobberPurpleThrobber Member Posts: 43,454 Standard Supporter
    Inflation is here, folks.

    Getting slaughtered on a construction job right now. Lumber prices are cray cray.

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  • FireCohenFireCohen Member Posts: 21,823
    PurpleThrobber said:

    Inflation is here, folks.

    Getting slaughtered on a construction job right now. Lumber prices are cray cray.

    Haha lumber
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  • HoustonHuskyHoustonHusky Member Posts: 5,961
    PurpleThrobber said:

    Inflation is here, folks.

    Getting slaughtered on a construction job right now. Lumber prices are cray cray.

    These are not the droids you are looking for...

    Goberment said inflation is 2% or less. They would never lie to me. Sounds like you need to substitute a shitty metal shed or used mobile home for whatever your are building...after all doesn’t everyone just substitute like that when prices change?

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  • PurpleThrobberPurpleThrobber Member Posts: 43,454 Standard Supporter
    FireCohen said:

    PurpleThrobber said:

    Inflation is here, folks.

    Getting slaughtered on a construction job right now. Lumber prices are cray cray.

    Haha lumber
    Or, like we say......




    WOOD!

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  • creepycougcreepycoug Member Posts: 22,928
    I believe in the inflation game guysms.

    But trust me: wood is going up (lolz) because of demand.
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  • EsophagealFecesEsophagealFeces Member, Swaye's Wigwam Posts: 11,844 Swaye's Wigwam
    The value of guns and ammo is not going down.
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  • ntxduckntxduck Member Posts: 5,562
    creepycoug said:

    I believe in the inflation game guysms.

    But trust me: wood is going up (lolz) because of demand.

    Supply chain disruptions/increased demand do not equal inflation. Not that it isn’t happening, but it’s a poor example
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  • ntxduckntxduck Member Posts: 5,562
    BleachedAnusDawg said:

    I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?

    I wouldn’t say it’s funny money as much as it’s unused summer 2020 vacation funds/money saved not eating out/going to bars/going to sporting events burning a hole in people’s pockets
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  • PurpleThrobberPurpleThrobber Member Posts: 43,454 Standard Supporter
    BleachedAnusDawg said:

    I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?

    That Costco gazebo is amazing. Eyed the shit out of it - $1499/$1599, I don't recall. But, alas, high priced wood means no gazebo for the palatial lodge.




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  • BleachedAnusDawgBleachedAnusDawg Member Posts: 11,081
    ntxduck said:

    BleachedAnusDawg said:

    I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?

    I wouldn’t say it’s funny money as much as it’s unused summer 2020 vacation funds/money saved not eating out/going to bars/going to sporting events burning a hole in people’s pockets
    You don't think it's the stimulus money / extra child credits? You are more optimistic than I.
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  • BleachedAnusDawgBleachedAnusDawg Member Posts: 11,081
    PurpleThrobber said:

    BleachedAnusDawg said:

    I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?

    That Costco gazebo is amazing. Eyed the shit out of it - $1499/$1599, I don't recall. But, alas, high priced wood means no gazebo for the palatial lodge.




    Yeah the 12'x16' one was $1799. Considering wood costs, surprisingly not too much higher than it was last year. I think the 12'x14' last year that I almost bought was $1499.
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  • ntxduckntxduck Member Posts: 5,562
    BleachedAnusDawg said:

    ntxduck said:

    BleachedAnusDawg said:

    I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?

    I wouldn’t say it’s funny money as much as it’s unused summer 2020 vacation funds/money saved not eating out/going to bars/going to sporting events burning a hole in people’s pockets
    You don't think it's the stimulus money / extra child credits? You are more optimistic than I.
    Maybe partially. But I think the forced out of necessity habits of last year contribute more. I spent basically nothing on gas/entertainment/travel in 2020. When in a normal year that bucket would be filled with 10+ stimulus payments
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  • creepycougcreepycoug Member Posts: 22,928
    ntxduck said:

    BleachedAnusDawg said:

    ntxduck said:

    BleachedAnusDawg said:

    I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?

    I wouldn’t say it’s funny money as much as it’s unused summer 2020 vacation funds/money saved not eating out/going to bars/going to sporting events burning a hole in people’s pockets
    You don't think it's the stimulus money / extra child credits? You are more optimistic than I.
    Maybe partially. But I think the forced out of necessity habits of last year contribute more. I spent basically nothing on gas/entertainment/travel in 2020. When in a normal year that bucket would be filled with 10+ stimulus payments
    EVERYTHING.gif.


    @GrundleStiltzkin
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  • Fire_Marshall_BillFire_Marshall_Bill Member, Swaye's Wigwam Posts: 23,491 Founders Club
    could be pent up demand since we had to shut the whole world down for the deadliest virus ever
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  • greenbloodgreenblood Member Posts: 14,309
    edited April 2021
    PurpleThrobber said:

    Inflation is here, folks.

    Getting slaughtered on a construction job right now. Lumber prices are cray cray.

    Inflation isn't causing lumber price increases. It's a combination of Canadian lumber tariffs, increased logging restrictions, record increase in new home construction, and people using stimulus money on home improvements instead of vacations. Demand >>> Supply
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  • HoustonHuskyHoustonHusky Member Posts: 5,961
    greenblood said:

    PurpleThrobber said:

    Inflation is here, folks.

    Getting slaughtered on a construction job right now. Lumber prices are cray cray.

    Inflation isn't causing lumber price increases. It's a combination of Canadian lumber tariffs, increased logging restrictions, record increase in new home construction, and people using stimulus money on home improvements instead of vacations. Demand >>> Supply
    Ummmm...that kinda is the definition of inflation. I guess you can argue it’s unique to lumber because of specific reasons but I’d argue if you’ve gone to the grocery store you’ve seen the same thing. Hell, I’d argue with oil demand down I’m still trying to figure out why WTI is 20% higher today than it was for most of 2019...
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  • TurdBomberTurdBomber Member Posts: 19,852 Standard Supporter
    creepycoug said:

    I believe in the inflation game guysms.

    But trust me: wood is going up (lolz) because of demand.

    But it's an abnormal demand, i.e., a Panic. And that ain't good for anyone.
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  • BennyBeaverBennyBeaver Member Posts: 13,346
    PurpleThrobber said:

    BleachedAnusDawg said:

    I bought a cedar gazebo from Costco yesterday at 5 am. They had it in their sale that started that day. Checked back a little after Noon and they were sold out. Not a HUGE ticket item, but not cheap, either. Too much funny money floating around right now. Roaring 20's all over again? What were the 1820's like, @RaceBannon ?

    That Costco gazebo is amazing. Eyed the shit out of it - $1499/$1599, I don't recall. But, alas, high priced wood means no gazebo for the palatial lodge.




    Poors gonna poor.
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