The new norm
- Thread starter Ranger188
- Start date
Powder Valley is good honest folks. The prices to them are going up. I watch commodity prices every day and copper, zinc, brass, aluminum, ect are headed for the moon. I watch them not because I don't have anything to do, its because we are retired and on a fixed income trying to stay ahead of the curve. My wife and I made it thru the 70s and 20% interest rates. We went into town today for groceries, lot of prices up from last week. I pumped $62.50 of gas into the pickup. I've got a real bad feeling about the inflation headed our way.
Last edited:
Sandstorm
Gold $$ Contributor
You and me both Sir.
bozo699
Gold $$ Contributor
You are 100% spot on!…. When we turned the printing presses up in 2008 and for the next 8 years printed as much as we wanted based on nothing to back it up with we all knew hyper inflation would eventually have to happen,….. it’s here and rapidly expanding daily!….
Wayne
nakneker
Gold $$ Contributor
Yes their price went up but not near as much as most I’ve seen. Powder Valley has passed on primers on the wholesale level because of inflated wholesale pricing. If their pricing was the same as it was in 2019 then I’m sure you wouldn’t be seeing them raising prices. Powder Valley is doing a good job IMO, they are committed to not raising their prices as much as they can, maybe even to fault. Good people!
Metals prices at multi-year highs as supply plays catch-up with demand recovery
Just months after some products within the metals complex were plumbing multi-year lows, pick just about any one now and you’ll likely find it trading near an all-time high
not just copper and steel either
the supply chain is still normalizing, expect prices to fluctuate for the next couple of years. Just don't expect to see primers at $1 a card again
Coyotefurharvester
Silver $$ Contributor
And democrats announced they will push through the trillions in "infrastructure spending" , commie Bernie said 6 trillion. They will tax and spend the middle-class out of existence, because there can't be a middle-class in socialist/communist/marxist country. John Kerry has already told the world(World Economic Forum), U.S. is "ahead of schedule on the 2030 great reset". And that doesn't include US constitution rights for anyone.
So what’s the best thing to own in these times? When the dollar don’t go as far. And not gold, seems like it’s too regulated.
I think the best thing to own is the ability to think critically and not be sucked in by all the sky-is-falling rhetoric. We need to be watchful and take action for certain, but to panic every time there is a shortage of something, or inflation increases, or the government prints too much money means we will ALWAYS be panicked. That is no way to live.
There is nothing going on now that I have seen three or four times in my six decades.
If we go beyond, this cycle has happened many times over that last couple hundred years. Since this is nothing new, the answer is to be out of debt, save money, be smart in spending, and be smart in investing. Which is something we should be doing all the time anyway.....
We’ve had this amount of national debt before? I expected the components shortage, so did ray charles, but I honestly don’t know if the economy has ever been here. Seems very phony, propped up, house of cards.
not a thing I can do about it, I’m not gonna jump off a bridge, I agree it’s no way to live. But what are smart people buying? Train loads of plywood, primers, and toilet paper would have been the right move a couple years ago
We’ve had this amount of national debt before? I expected the components shortage, so did ray charles, but I honestly don’t know if the economy has ever been here. Seems very phony, propped up, house of cards.
not a thing I can do about it, I’m not gonna jump off a bridge, I agree it’s no way to live. But what are smart people buying? Train loads of plywood, primers, and toilet paper would have been the right move a couple years ago
In 1946 debt was 118% of GDP, which is close to where we are now. COVID put us at 129% last year.
Our main issue today is lack of supply, but that is resolving itself. Make no mistake, I think these stimulus packages have gone WAY over the top and are a huge factor in the inflationary spike we are seeing. When the supply chain catches back up prices will fall and/or stabilize.
So a wise investor will look to where prices will be in the future, as always. Lumber futures have already fallen off their highs. My lumber manager buddy told me 9' 2x6 studs when from $360 per thousand to over $2000 and are now in the $900 range. That is still a huge jump from 18 months ago, but then again $360 was artificially low.
I am not sure of the best investment right now, but it's not likely what everyone else is buying.......
First, thanks for the great information. You obviously know your stuff. This is interesting to me. The question I have is, in 1946, ww2 was getting over, and that’s when the USA became one of the two superpowers. Some say the war is what brought us out of the depression, not the new deal. That’s when the country we know now was built, after that war. Okay so getting to the one question, % of GDP, gross domestic product. What do we produce now???? That’s a giant part of this problem today. The supply chain is at the seaport, imported supply chain. Maybe you can tell me how it works. Maybe consuming is just as good as producing? To me the comparison between 1946 and now is black and white but maybe there’s lots of ways to skin the cat. Thanks
bozo699
Gold $$ Contributor
JD,
The New Deal wasn’t much different then what we’re going through now,… in 33 that dying quivering liberal progressive/ communist FDR pulled us off the gold standard and started printing money!….. I’m going to sign off rather than finishing this I can talk to you on the phone when we’re not busy but last comment FDR should have been shot for high treason on December 8th 1941!….
Wayne!……
I am not an economist of a historian, which is who we really need here. I do agree that the New Deal didn't help in a macro-economic sense and likely prolonged the depression. IIRC, the best example is the depression that happened a few years prior to the Great Depression. There was no massive stimulus and it ended very quickly. That said, an economist can likely provide a more thorough and correct answer.
I know that a little after WW-II, there was great demand for products and the US was able to produce a lot. I think we produced and consumed our way out of the debt. We still produce a lot, but like you point our much of our goods are imported and that is often the bottleneck.
I think the primary causes of our current supply issues is that we shut down production in many industries for three months. No one has much excess capacity anymore because that can lead to loss, so there is very little ability to catch up. Add to that panic buying, too much extra money put in the economy, and lack of workers, and it's easy to see why we have inflation.
I think this will all work itself out, just not sure how long it will take. 2-3 years?
Similar threads
Upgrades & Donations
This Forum's expenses are primarily paid by member contributions. You can upgrade your Forum membership in seconds. Gold and Silver members get unlimited FREE classifieds for one year. Gold members can upload custom avatars.
Click Upgrade Membership Button ABOVE to get Gold or Silver Status.
You can also donate any amount, large or small, with the button below. Include your Forum Name in the PayPal Notes field.
To DONATE by CHECK, or make a recurring donation, CLICK HERE to learn how.
Click Upgrade Membership Button ABOVE to get Gold or Silver Status.
You can also donate any amount, large or small, with the button below. Include your Forum Name in the PayPal Notes field.
To DONATE by CHECK, or make a recurring donation, CLICK HERE to learn how.