Prices

[BREATHER]

I have seen ammo prices rise, some by a lot and I do not think the prices will ever come back down. Yesterday I saw a rise in muzzleloader IN-line conical powerbelt projectiles. From $3 to $10 rise. This is ridiculous.

[Great-Kazoo]

First time shopping in a while ;)
What use to fill up a cart at costco, now fills up the basket on one of their mobility scooters. For the same price.

Russia and other commie / leftist countries, control a good portion of the raw materials needed, for almost everything.


With the current (weak) sanctions. You'd be wise to stock up on flour, among other items. If you don't make your own breads, I suggest you buy now.

[Circuits]

I did a grocery reorder today, and it was 35% higher than last week's for the exact same items. Gas is up about about 21% from today's fillup, versus my last.

[Zundfolge]

Prices may not be going up, the dollar may just be dying.

[BushMasterBoy]

Rockauto car part prices seem to have taken a healthy jump up. Gamma Scout geiger counters, only one was listed on Ebay. Some former officials of alphabet agencies opinions would get me banned here. I watched some of the IC Congressional hearing live today, I am not impressed. Those who have stocked beans, bullets & bandaids will probably sleep soundly.


https://www.youtube.com/watch?v=ox_5DIMQp8A

[DDT951]

I am closely watching titanium prices.

Titanium is one of our main metals used in manufacturing.

As titanium gets volatile price changes (increases) we have to pass cost on.

Russia supplies a lot of the worlds titanium.

[earplug]

Buy your kid a Titanium bike before the price really sucks.
US banking sanctions reduce the value of the dollar.

[funkymonkey1111]

i don't know what you people are so up in arms about. Uncle Joe provided the solution--lower your costs! Problem solved!


https://youtu.be/55W7XkcuLbA

[Gman]

Can't blame this on Russia. This is what happens when Democrats are in power.

[Sawin]

FJB - clearly he doesn't know what "lowering your costs" looks like.... the effort to do precisely that is the reason we are reliant on foreign anything...

[Martinjmpr]

I never took any economics courses after high school, but it seems to me that at some point, prices have to have a 'braking' effect on the economy.

IOW, there ought to be a "self-regulating" aspect of the market economy.

Right now, people still appear to be spending money like drunken sailors on pay day.

My thought is that at least some of this is COVID hangover, and I wondered if it might happen.

What I mean is this: While it's true that some sectors of the economy contracted during the 2020 - 2021 COVID restrictions, MOST people continued to get paid. And even some of the people whose businesses shut down got enhanced unemployment or other payments.

Meanwhile, with restaurants and bars closed, with so many travel restrictions and such, people had money but not as many places or opportunities to spend it. So you ended up with a lot of people having a lot of money burning holes in their pockets.

Once things opened back up in 2021, all that pent-up money started being spent like crazy and that's what drove prices up: more dollars competing for a reduced number of goods (due to supply chain interruptions) is a classic recipe for inflation.

IMO that's also what's driving the worker shortage, people with money in their pockets seeing no need to go out and get a job (or a better job) when they have money to spend.

My point with all this being: This hoarded money won't last forever. Once that leftover money gets spent, people are going to have to start making choices. Not all spending is necessary, and when necessities like food and fuel cost more, the logical response is for people to cut back on luxuries or non-essential purchases.

So, yeah, I think it's going to be a rough ride for a while but it will eventually settle down.

[Eric P]

Glad I made my major purchases last year. I don't plan to purchase big ticket items for the foreseeable future.

[Great-Kazoo]

I never took any economics courses after high school, but it seems to me that at some point, prices have to have a 'braking' effect on the economy.

IOW, there ought to be a "self-regulating" aspect of the market economy.

Right now, people still appear to be spending money like drunken sailors on pay day.

My thought is that at least some of this is COVID hangover, and I wondered if it might happen.

What I mean is this: While it's true that some sectors of the economy contracted during the 2020 - 2021 COVID restrictions, MOST people continued to get paid. And even some of the people whose businesses shut down got enhanced unemployment or other payments.

Meanwhile, with restaurants and bars closed, with so many travel restrictions and such, people had money but not as many places or opportunities to spend it. So you ended up with a lot of people having a lot of money burning holes in their pockets.

Once things opened back up in 2021, all that pent-up money started being spent like crazy and that's what drove prices up: more dollars competing for a reduced number of goods (due to supply chain interruptions) is a classic recipe for inflation.

IMO that's also what's driving the worker shortage, people with money in their pockets seeing no need to go out and get a job (or a better job) when they have money to spend.

My point with all this being: This hoarded money won't last forever. Once that leftover money gets spent, people are going to have to start making choices. Not all spending is necessary, and when necessities like food and fuel cost more, the logical response is for people to cut back on luxuries or non-essential purchases.

So, yeah, I think it's going to be a rough ride for a while but it will eventually settle down.



Not really. People who owned, not rented were remodeling like crazy, same for business. After they received those $10K loans.

In lockdown states, perhaps. Down here, outsider of takeout / to go only meals. Big box stores (cause the virus only hit mom & pop places) were going full tilt.

[colorider]

The economy is something that is going to be extremely interesting to watch. It all has to do with disposable income. People are going to have a lot less of it with the price increases on everything. A few weeks ago KDVR had an story about Colorado. 3 weeks ago the Colorado restaurant association reported that 52% of the restaurants they interviewed said they were going to close in the next year. Covid killed them and doesn't seem like they will recover. Take out kept them alive, but is now hurting the business. Doordash, Grubhub and the like take around 30% of the profit from the sale. On an already low margin business, that really hurts. Also, take out people do not typically order appetizers or desserts. That kills their profits even more. Take out and delivery customers also do not have several alcoholic beverages. A major profit center for restaurants. Eating out at a restaurant is one of the things that is eliminated first when disposable income drops. Restaurants are going to be hurting even worse than they though. In a nutshell, all the money people have saved from their Covid hiding at home is going to go to paying regular bills, not luxuries like dining out. Hell, even just tonight the news reported that summer electric bills are going to be horrible as Xcel is going to a tiered program to punish you for using electricity or gas during high demand times. This whole scenario is going to be a shit sandwich and we are all taking a bite.

[TEAMRICO]

FJB - clearly he doesn't know what "lowering your costs" looks like.... the effort to do precisely that is the reason we are reliant on foreign anything...

It?s impacting him as well?.the Big Guy is only getting 8%. He feels our pain.

[hollohas]

I'm making some big dollar purchases before they get even more expensive. For example, I'm getting the house painted. It's just going to get more expensive the longer I wait, so I'll spend the money now before that same money will buy me less.

I'm not going to spend ALL my money, but the money I have is losing value, so I'm going to use some of it to invest in the things that are going to need to last me a while. Like the house because I'm certain the housing bubble is going to burst.

[clodhopper]

I'm making some big dollar purchases before they get even more expensive. For example, I'm getting the house painted. It's just going to get more expensive the longer I wait, so I'll spend the money now before that same money will buy me less.

I'm not going to spend ALL my money, but the money I have is losing value, so I'm going to use some of it to invest in the things that are going to need to last me a while. Like the house because I'm certain the housing bubble is going to burst.

I am as well. Although I tend to do all my own work, so i am tracking down and buying future project components that are spendy and stowing them.