https://www.cnn.com/2021/03/04/economy/j...index.html

US stocks tumbled Thursday after Federal Reserve Chairman Jerome Powell predicted an increase in consumer prices this summer — something investors fear will force interest rates up sooner than expected.

Here we go.

Dummies

Inflation has been around for about 8 months now in the construction business. Who'd a thunk demand would have increased while everyone was told to stay inside? The cost to build is more than it costs to buy a comparable home built 2 years ago including the land and all other improvements.

We knew it was only a matter of time. Isn't that what usually happens after several years of spending?

(03-04-2021 04:27 PM)Eagleaidaholic Wrote:  Inflation has been around for about 8 months now in the construction business. Who'd a thunk demand would have increased while everyone was told to stay inside? The cost to build is more than it costs to buy a comparable home built 2 years ago including the land and all other improvements.

We've seen a 10-12k increase in lumber prices per house since October.

Drywall, concrete, windows, appliances are all headed up.

Jimmy Carter II

I told you. Believe whatever makes you feel good

As predicted right here on this forum.

So basically he's warning us about the problem that he created.

(03-04-2021 05:42 PM)UofMstateU Wrote:  As predicted right here on this forum.

Yep. Look at gas prices.

It's all gonna go to shite.

Buckle up.

Theyll blame everyone and everything but themselves.

There is a bright side, the filth that voted for Biden* will suffer the worst.

Sit back and enjoy the show.

(03-04-2021 07:26 PM)shere khan Wrote:  

(03-04-2021 05:42 PM)UofMstateU Wrote:  As predicted right here on this forum.

Yep. Look at gas prices.

It's all gonna go to shite.

Buckle up.

Theyll blame everyone and everything but themselves.

Blame Trump, right up until they herd them into the cattle cars.

(03-04-2021 07:26 PM)shere khan Wrote:  

(03-04-2021 05:42 PM)UofMstateU Wrote:  As predicted right here on this forum.

Yep. Look at gas prices.

It's all gonna go to shite.

Buckle up.

Theyll blame everyone and everything but themselves.

There is a bright side, the filth that voted for Biden* will suffer the worst.

Sit back and enjoy the show.

I passed by Sams gas station and both times the place was packed. It's usually very full on Fridays for some reason but today which is Thursday there were about 10 cars per pump. Either they know something we don't or they know something we don't. Sheesh, it's a good thing I still have half a tank in my truck and a full one in my (omigosh, I hate to admit this) wifes' Subaru, but with turbo, so that's my defense.

In the process of refinancing now. Locked into a 2% rate.


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Should I point out that gas prices are still lower than they were in 2018?

I'm taking a beating today. Oddly enough, Game Stop, which was a complete lark of a gamble, is the only thing keeping me afloat. haha.

(03-05-2021 11:27 AM)fsquid Wrote:  Should I point out that gas prices are still lower than they were in 2018?

But the trend line is straight up. We're 45 days or so into Biden*. By the time May1 gets here we'll be at 2014 price levels.

(03-05-2021 12:04 PM)UofMstateU Wrote:  

(03-05-2021 11:27 AM)fsquid Wrote:  Should I point out that gas prices are still lower than they were in 2018?

But the trend line is straight up. We're 45 days or so into Biden*. By the time May1 gets here we'll be at 2014 price levels.

Yep. OPEC decreased output today. Got us by the short and curlies again. Thanks Uncle Joe.

(03-05-2021 11:27 AM)fsquid Wrote:  Should I point out that gas prices are still lower than they were in 2018?

Are they really?

How much was gas in 2018?

(03-05-2021 12:42 PM)Danforth Wrote:  

(03-05-2021 11:27 AM)fsquid Wrote:  Should I point out that gas prices are still lower than they were in 2018?

Are they really?

How much was gas in 2018?

What is going to send it upwards is when offices open to full capacity again and/or summer travel back to normal.

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Holy crap Muh Game Stop