There will be less oil supply thanks to Biden.
“The order did not ban new drilling outright. It includes an exception giving a small number of senior Interior officials — the secretary, deputy secretary, solicitor and several assistant secretaries — authority to approve actions that otherwise would be suspended.”
The new Oligarchs.
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Lumber LOLZ.
news , prices of 
are crashing, how can there be inflation 
If you are someone who buys a car every month, inflation is super hot right now.
Keep an eye on used car prices.
Surging prices for used cars have been a major driver of inflation this year. Now, there are signs those price hikes may be shifting into reverse — and that could provide important clues about where inflation is headed next.
The prices dealers pay for used cars at massive auctions across the country finally dipped in June after hitting record highs in each of the four previous months, according to the Manheim Used Vehicle Value Index.
Those drops in wholesale prices bode well for those in the market for a used Jeep. While retail prices for used cars still surged in June, the fall in wholesale prices suggest that what consumers pay will likely start to fall soon.
Interesting. I did not know prices of cars (used or new) were part of CPI.
spoke to a dealer as I am looking to buy one, he said by nov-dec prices will be down.
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One view is that reopening has created a sudden surge in demand for certain goods and supply shock therefore some goods are more expensive than they normally are, like used car. But, what would explain price of something like McChicken sandwich to be 2.5 to 3 times what it was a few years ago? Did people suddenly start eating more McChicken sandwich? May be they did if that is the only thing they can afford to eat.
A user comment to a youtube video:
If 2% inflation is good, 4% must be twice as good. Can you believe that? What about 8%?
Used cars has started appreciating since start of Covid because many people who use to take public transports are buying 2nd hand cars because can’t afford new cars. Extra supply of those who sell their seldom used (due to lockdown) 2nd cars are not able to absorb the increased demand.
These guys (those demanding affordable housing) should move to San Francisco and Manhattan, NYC. These cities have high density housing. The prevailing belief n this forum that high density housing built in someone else’s backyard are affordable.
Cool. I suspect oil is near the top but I don’t have the balls to call it right here.
Some other data points for inflation:
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I like ordering from Oren’s hummus. Last night, I noticed some of their prices had gone up 20%. A sabich pita is now nearly 16$.
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A regular hair cut at Great Clips is now 19$. I remember it being 15$ before the pandemic.
Will these prices ever go back to pre-pandemic levels?
I paid $17 2 days back in great clips
I paid $0. My wife cuts mine.
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