Inflation - temporary or long term?

[KONA]

Inflation rise is just beginning !!

 

[Mejappz]

Inflation rise is just beginning !!

Indeed. The communist takeover of this country is well underway. The “conspiracy theorist’” tried to warn everyone.

 

[Mejappz]

Bidenflation soars to 1991 levels.

Redirect Notice

www.google.com

 

[Terrel L. Shields]

Bidenflation soars to 1991 levels.

Redirect Notice

www.google.com

As Gomer Pyle might say, "Surprise, Surprise, Surprise" What do you expect when you kill the oil business without a clue how you can physically build sufficient electric cars to meet the need, and try to close all the coal fired pants without new nukes to replace them; where will you get the copper, lithium, nickel & cobalt?; and, you dole out cash like candy to encourage people to not work, then wonder why they don't want to go back to work. You shut down the country and let governors act like petty tyrants...and then act like you are surprised? 5.4% inflation - expecting 4.8% for the year is a reduction in your income by that same amount. For retirees, it is a reduction in their buying power by exactly the same amount. What do you think is going to happen to property taxes? And our overlords are surprised by what?

What makes me sickest is the stupidity that somehow we have to do all this to stop the unicorn of the ages "global warming" . GW predictions, so far have been 100% wrong. 100%. Not one has come to fruition. The latest was last year when GW alarmists promised we would see GW in action because the worldwide slowdown in economic activity, driving, etc would reduce the amount of CO2 in the atmosphere and we'd see a cooling effect. Well, the CO2 went up at exactly the same rate it went up the year before and there was no "cooling" of the climate. How often in the past 100 years has California had a drought? Well, gee, they identified droughts in the 16th Century, the 17th, the 18th, the 19th and 20th....why do we expect the 21st century to turn California into a lush wetlands?

 

[Sadie]

I don't know why these current and former Fed board members feel that the have to freakin' opine on every economic issue every other day. Guess it's something for the financial reporters to report on and moves markets.

Well, you like to opine on appraisal issues.

 

[Sadie]

I heard that in the fall, many of the indicators will fall. The airline industry will have their planes out of dry dock, people and kids will be back to a more normal life and demand should go back to normal. The things that are pandemic related, well that is still a crap shoot. Coffee had a bad harvest + increased demand. Can't do anything about the harvest.

 

[IlliniApp]

Well, you like to opine on appraisal issues.

Yes, but my prescient comments don't move markets; and nobody cares what I say anyway.

 

[Charles West]

I think this is going to be mostly permanent. The money supply has increased something like 39% during the last year so I wouldn't expect much pullback.

 

[Dublin ohio]

I heard that in the fall, many of the indicators will fall. The airline industry will have their planes out of dry dock, people and kids will be back to a more normal life and demand should go back to normal. The things that are pandemic related, well that is still a crap shoot. Coffee had a bad harvest + increased demand. Can't do anything about the harvest.

That will only happen when supply starts to exceed demand. Airlines might get back to pre pandemic type operations. But that remains to be seen. Gasoline will probably continue to rise a little. But unless oil production increases significantly. Prices will not go down much. As far as basic commodities. You might see a little pull back. But I think most of it will stay.

 

[Terrel L. Shields]

demand should go back to normal.

I think (sure, I don't KNOW) that the pandemic has altered life styles and shopping habits. Less eating out, partly due to avoiding crowds. And cost. All the cafes I frequented pre-pandemic were less than $10 for lunch including drink. Today, none of them can serve their regular entrees for less. In fact, most are $15 if you leave a $2-3 tip. I bought lunch at Sonic and paid $10. Bought lettuce in the grocery yesterday. Small bag of shredded lettuce was $2.19 up from $1.99 last year. 2 sweet peppers for $4. Cukes $0.79 each and we have those locally. It's not like they are in short supply. My favorite place for pie went from $2.95 to $4.95...wow. And a non-Starbucks at Grumpy's runs $5 in small cup.

Also, look at the container sizes. They are getting smaller. 12 oz. cans are now 10.5 oz. Same price. Sometimes if they run a special on drinks, you can buy 3 dozen cans of coke for less than the bulk 2 l. bottles next to it. Toilet paper isn't getting cheaper. What is? So people are doing less shopping in stores, more on line.

The next shortages and the now shortages? plywood, rubber, electronics. and gasoline is on a path to north of $5 or 6. Which means we will see less driving, shorter vacations, more Stacations, or just not going. And less driving means less likely to buy a new car, less demand for car parts, etc. etc.