Secular inflation is here

Good. I need to build a deck this summer.

Good…we are looking at an addition, a new fence, a new deck… :grimacing:

Easy people… you don’t want to rock the boat too much. Let it settle lower first.

:rofl:

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I am glad my addition project is over without a hitch. Now, in the middle of my landscape project. My contractor is having trouble ordering fence material this morning. Called 7 places that he used to buy and they are all OOS, and got 8th place to cut it for him.

Sounds like my steel pipe woes. I was trading ammo for hoarder’s stashes.

Tons of lumber and no customers at Home Depot.

How much does a major addition project cost in BA these days?
Eg., add 500 square feet suite of bedroom+bathroom or studio ADU?

5/8” osb plywood at Meeks lumber. $108 in Tahoe. This is a classic case of price gouging. Why doesn’t Biden do something about it. I thought this shit was illegal in a pandemic. Of course Dems just want to prosecute Trump and his followers.

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Was 300$/sq ft
Would not be surprised if it’s 400 now.

Lumber prices crashing. Stocks next?

Meanwhile the highest inflation since 2008.

Inflation, as measured by the Consumer Price Index, rose 4.2% over the last 12 months, April data revealed, the sharpest increase since 2008.

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Don’t tell @manch and Cathie. Talk a lot but no hard numbers, generic talks, whatever happen can say they are correct. Rob gave hard numbers. Panda gave hard numbers.

Lumber is still up 350%. A disaster for the building industry and for infrastructure rebuilding.

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Just up the infra bill to $10T :face_with_hand_over_mouth:

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Base effect. You are comparing against April 2020 when the whole economy was shutting down.

Remember oil went negative last year? Would that be infinite inflation then?

Go to a lumber yard and by some wood. Gas is over $4/gal. Schools are gouging students in colleges where they only get online instruction. Greed in rampant and using Covid as an excuse. Go to Home Depot and hire a day laborer.

Don’t worry. Lumber price will crash down hard. Wait a month or two.

Fed cannot create digital lumber. i have friend in biotech. RSUs are dumped on her like Fed print dollar.
Gold prices rose despite so much physical delivery.

“The data from the Federal Customs Service also revealed that other buyers were Turkey, India, Kazakhstan, Switzerland, Armenia, and Belarus.”
US not on the list. Maybe that explains why our bullion is selling for such a massive premium over everyone else’s.

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The real question is political. Is Democratic stupidity and global warmer fanaticism going to destroy our economy. The Fed is killing the dollar. Will the Green deal be the coup de grace?

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