Inflation.......... ?
- Thread starter Hobo Hilton
- Start date
I traded an '04 Jeep Rubi on my '17 ZR2. Did the "Jeep Thang", since '98 (lifts/tires/etc.).
Never really had any major problems with any of my vehicles that I've kept for numerous years, but, I don't beat the crap out of them either (every day drivers), and I could wrench on them also, when needed. Hell, you don't even throw a grease gun on anything anymore. Let it wear out, buy a new part.
Not to say anything about "New Tech.", which can/is great, but, there's that.
But, yeah, I think about the days of my '78 Ford 3/4T, "Camper Special", sometimes.
Mac
Sept 28 (Reuters) - U.S. natural gas futures climbed more than 2% to a seven-year high on Tuesday as record global gas prices keep demand for U.S. liquefied natural gas (LNG) exports strong.
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www.reuters.com
U.S. natgas rise to 7-year high on record global prices
U.S. natural gas futures climbed more than 2% to a seven-year high on Tuesday as record global gas prices keep demand for U.S. liquefied natural gas (LNG) exports strong.
www.reuters.com
Inflation Confirmed at Highest Level in 40 Years
Inflation is running at the highest level since 1982. | Economy
www.breitbart.com
When the government started paying people not to work, we knew this was coming:
Posted by: Market Watch in Market News 16 mins ago
Markets are “finally getting concerned about stagflation,” they said, though have yet to act upon it after data points to U.S. inflation remaining at a 30-year high.
forextv.com
‘Stagflation is here,’ following months of rising prices, BofA analysts say
Posted by: Market Watch in Market News 16 mins ago
Markets are “finally getting concerned about stagflation,” they said, though have yet to act upon it after data points to U.S. inflation remaining at a 30-year high.
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forextv.com
Do I get my money back when the temporary/transient is over?
It's only temporary until it's not.
It's only temporary until it's not.
This will filter down to the consumer in the middle of winter:
LONDON, Oct 4 (Reuters) - The world's top commodity trading houses are being told by brokers and exchanges to deposit hundreds of millions of dollars in extra funds to cover their exposure to soaring gas prices, seven sources with direct knowledge of the matter told Reuters.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/FRBUEFUP35LI7DM4E4PNLZ76TY.jpg)
www.reuters.com
LONDON, Oct 4 (Reuters) - The world's top commodity trading houses are being told by brokers and exchanges to deposit hundreds of millions of dollars in extra funds to cover their exposure to soaring gas prices, seven sources with direct knowledge of the matter told Reuters.
Exclusive: Commodity traders face big margin calls as gas prices soar
The world's top commodity trading houses are being told by brokers and exchanges to deposit hundreds of millions of dollars in extra funds to cover their exposure to soaring gas prices, seven sources with direct knowledge of the matter told Reuters.
www.reuters.com
US Natural Gas is being liquefied and then exported.... Results in higher natural gas cost here in the US, going into winter
www.axios.com
Natural gas price surge puts new focus on LNG
Natural gas price surge puts new focus on LNG
U.S. natural gas prices may no longer be untethered from the growth of liquefied natural gas exports.
Real cost of inflation to average American household: An extra $175 a month
Millions of Americans whose income has not kept pace with inflation — up 5.3 percent in August as compared with last year — have had to foot the bill for more expensive products due to price …
nypost.com
So, when is this transient inflation going to end?
Saying that it's transient/temporary doesn't put groceries on the table.
The container ships are parked offshore and waiting. The narrative is that there's not enough truck drivers to transport the products. So who's noticed the lack of trucks on the highway?
It's not lack of drivers...... It's lack of good pay for drivers. Suddenly everyone is talking about the importance of CDL drivers.... Well, relax some of the outrageous obstacles a CDL driver must deal with. There are so many rules, regulations and cameras that it is like having a cop riding in the right seat taking notes on everything a CDL driver does. Video cameras in trucks showing 360 degrees around the truck as well as a camera in the drivers face and electronics through out the cab and trailer, GPS, etc........... I'm old enough to have hauled cargo and got paid by the "Ton / Mile"..... You old guys will remember we could make some good money in those days...Real cost of inflation to average American household: An extra $175 a month
Millions of Americans whose income has not kept pace with inflation — up 5.3 percent in August as compared with last year — have had to foot the bill for more expensive products due to price …
So, when is this transient inflation going to end?
Saying that it's transient/temporary doesn't put groceries on the table.
The container ships are parked offshore and waiting. The narrative is that there's not enough truck drivers to transport the products. So who's noticed the lack of trucks on the highway?
Now people who never held a CDL are making the rules, enforcing the crazy rules and now are crying because there is a CDL driver shortage.....
We just let them keep digging the hole deeper. America is closer to a third world country than most realize.
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Will there be a glut of products in the market to drive down the prices when they figure out how to move the cargo?
I seriously doubt that happening.
I seriously doubt that happening.
What are they going to do with all the 2021 trucks and cars that are sitting waiting for chips? All these people buying new $95K trucks are going to be SOL if the market has a million vehicles dumped for pennies on the dollar. Or are the taxpayers going to be on the hook again for "To big to fail" bailouts?
Kraft Heinz says people must get used to higher food prices
The boss of the food giant says rising prices are partly due to pandemic disruption.
www.bbc.com
Which is fully the goal, force everyone into "new" electric technology which also costs a fortune per vehicle (see any beginner grade <$2000 electric used cars around for your teenagers?), is totally reliant on a finite mined resource mainly under the control of hostile governments (lithium), still uses petroleum to manufacture, and does not appreciably lower the true carbon footprint per mile (especially once adoption reaches the point where generation capacity must be massively expanded and will require new gas fired power plants, since no one will support nuclear).
It's a scam, and always has been.
In a World Fighting Climate Change, Fossil Fuels Take Revenge
(Bloomberg) -- With its chimneys towering 200 meters above the industrial heartland of England, West Burton A power station is a relic of the fossil fuel age. When fired up, its boilers burn thousands of tonnes of coal each day, spewing out the carbon dioxide that’s warming up the planet.Most...
I’m hoping to scoop up a nice large truck when those on a shoestring budget can’t afford $100 fill ups.
Triple whammy of high fuel costs, high food costs, and sky high rent will have some nice luxury goods on the market for cheap in the next couple of years, if not by mid next year.
Depending on how bad things get I don't know that a nice new truck will matter in the scheme of things. I guess if you never have any parts breakage it may work out. I think the people that are hoarders that have spare 351s and carb motors stocked up to go with 80s and early 90s bodies may be prepped for what is around the corner. Hard to keep things running with no modules or sensors available. Cannibalization will only go so far before you have to scale back complexity to a simpler time. Guys with salvage yards and classic car collections may be just fine. I'm thinking of the way the rest of the world tends to operate. No new cars, lots of beaters, lots of old cars with parts from multiple years and clever people keeping them running. The fabricators and industrious will move up the hierarchy chain and the pencil pushers or some of the lesser chiefs may be scrambling.
I need to build an apocalyptic rat-rod! I've been hanging on to a '72 Dodge motorhome with a 318 & dually rearend. And I have 3 Dodge vans, I want to transfer a van body to the MH frame. I need to get on the ball and pickup the parts to rebuild the powertrain & maybe the steering/brakes.
Winter heating bills are going to hurt people this year, but at least there are no more mean tweets.
True... Oil (WTI) and Natural gas are up 95% for the year. There will be quite a ripple effect into next year.
Stagflation Is All Anyone in Markets Wants to Talk About Now
Stagflation Is All Anyone in Markets Wants to Talk About Now
(Bloomberg) -- It’s taken just a few short months for stagflation to go from hobgoblin of cranks to a full-blown Wall Street obsession.Most Read from BloombergHow France Turned the Humble Roundabout Into a Showcase for ArtNYC's Waldorf Gets Plush Renovation, Becomes Icon of China's OverreachWhat...
Ever so slowly, the Federal Bank Presidents are changing their forecast.... The wording is very slick, like Teflon. Not only will prices remain high, the fear is that prices will continue to go up... I like the cute little term "Unanchored"... I relate it to an old sailing ship in a storm and the gail forces are blowing the ship upon the rocks. Seldom does an anchor in a storm reattach itself.
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Oct 12 (Reuters) - U.S. inflation is above the Federal Reserve's 2% inflation target and policymakers need to watch carefully to ensure that pandemic-induced pressures do not cause long-term inflation expectations to become unanchored, Atlanta Fed Bank President Raphael Bostic said on Tuesday.
finance.yahoo.com
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Oct 12 (Reuters) - U.S. inflation is above the Federal Reserve's 2% inflation target and policymakers need to watch carefully to ensure that pandemic-induced pressures do not cause long-term inflation expectations to become unanchored, Atlanta Fed Bank President Raphael Bostic said on Tuesday.
UPDATE 1-Fed's Bostic says pandemic pressures pose risks for long-term inflation expectations
U.S. inflation is above the Federal Reserve's 2% inflation target and policymakers need to watch carefully to ensure that pandemic-induced pressures do not cause long-term inflation expectations to become unanchored, Atlanta Fed Bank President Raphael Bostic said on Tuesday. Bostic said he...
I topped off my propane tanks at the the beginning of spring for $1.00/gal. Mid summer they came out with new winter contracts at $1.50/ gal cash, $1.65/gal 10% prepaid. I’d bet this fall/winter cash price will be even higher.
I own a Ben Franklin cast iron wood burning stove, bitch won't let me put it in.
I grew up poor, woke up lots of mornings seeing my breath. I am a hot blooded heater, I love the cold!
Living in S. Alabama I don't think I could live without AC...
I grew up poor, woke up lots of mornings seeing my breath. I am a hot blooded heater, I love the cold!
Living in S. Alabama I don't think I could live without AC...
Kraft Heinz says people must get used to higher food prices - BBC News
The boss of the food giant says rising prices are partly due to pandemic disruption.
www-bbc-com.cdn.ampproject.org
Even Kitty Litter is going up in price....
Oil-Dri Company of America mentioned larger costs for resin, lumber and pure gasoline dented its fourth quarter outcomes.
Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. Oil-Dri is vertically integrated which enables the company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With over 75 years of experience, the company continues to fulfill its mission to Create Value from Sorbent Minerals.
www.globenewswire.com
Oil-Dri Company of America mentioned larger costs for resin, lumber and pure gasoline dented its fourth quarter outcomes.
Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. Oil-Dri is vertically integrated which enables the company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With over 75 years of experience, the company continues to fulfill its mission to Create Value from Sorbent Minerals.
Oil-Dri Announces Fourth Quarter and All-Time Record Fiscal 2020 Results
CHICAGO, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC), producer and marketer of sorbent mineral products, today announced...
Straight up fucking clown world
www.yahoo.com
White House asks U.S. oil-and-gas companies to help lower fuel costs -sources
(Reuters) -The White House has been speaking with U.S. oil and gas producers in recent days about helping to bring down rising fuel costs, according to two sources familiar with the matter. In the United States, the average retail cost of a gallon of gas is at a seven-year high, and winter fuel...
It's only transient until it's not!!!Ever so slowly, the Federal Bank Presidents are changing their forecast.... The wording is very slick, like Teflon. Not only will prices remain high, the fear is that prices will continue to go up... I like the cute little term "Unanchored"... I relate it to an old sailing ship in a storm and the gail forces are blowing the ship upon the rocks. Seldom does an anchor in a storm reattach itself.
_______________________
Oct 12 (Reuters) - U.S. inflation is above the Federal Reserve's 2% inflation target and policymakers need to watch carefully to ensure that pandemic-induced pressures do not cause long-term inflation expectations to become unanchored, Atlanta Fed Bank President Raphael Bostic said on Tuesday.
UPDATE 1-Fed's Bostic says pandemic pressures pose risks for long-term inflation expectations
U.S. inflation is above the Federal Reserve's 2% inflation target and policymakers need to watch carefully to ensure that pandemic-induced pressures do not cause long-term inflation expectations to become unanchored, Atlanta Fed Bank President Raphael Bostic said on Tuesday. Bostic said he...
Bwaahaha!! Where's that fucking choid clown?
More clown world
www.yahoo.com
Illinois lawmakers call for hearings on high heating bills
Illinois lawmakers want to know why the price of natural gas has skyrocketed and are calling for public hearings on the matter.
So, gov. says 5.4% inflation. I say real inflation is 15-25%.
Biden brought back Obama's war on energy and the middle class .
FJB and FBO too !
FJB and FBO too !
All the container shi
But my grocery and gas costs are up 50%! It's bad when you notice the rise in cost for the cheap crap! I am frugal (paying more for the gallon because it's only twice the price of the quart), but to the point in life that I don't mind spending money on the quality stuff, but looks like I'm gonna have to start buying great value and sure fine. Ramon noodles and pork-n-beans.
Did I mention Bow season opens in the morning!
PsKraft Heinz says people must get used to higher food prices - BBC News
The boss of the food giant says rising prices are partly due to pandemic disruption.
Don't quote my statistics (82% are made up on the spot anyway)
But my grocery and gas costs are up 50%! It's bad when you notice the rise in cost for the cheap crap! I am frugal (paying more for the gallon because it's only twice the price of the quart), but to the point in life that I don't mind spending money on the quality stuff, but looks like I'm gonna have to start buying great value and sure fine. Ramon noodles and pork-n-beans.
Did I mention Bow season opens in the morning!
Wholesale Prices Rose By a Record 8.6 Percent in September
Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010.
www.newsmax.com
I would think if you were afraid of skyrocketing inflation and the dollar becoming devalued you would move out of fiat to something not as likely to lose value. Guns, ammo, canned goods or other stock to weather a supply hiccup for a couple of months might be a good hedge.
Other option might be crypto, gold or silver. The metals markets are highly manipulated, so I don't know how good of a hedge that is. Consumables seem like an easy side-step and one my grandparents believed in storing for a rainy day.
You apply for as many credit cards, home equity loans and cash in your life insurance...... Gather all the credit you can get your hands on and buy into the stock market. If it goes bad, you can join 300 million other Americans at the retraining centers. If it goes good you can look back and say "That was one hell of a ride".... Yes, I am being sarcastic. Pass me some of those small rifle primers.
Hobo
I‘m fixing to find a way to put my Audi 3.0 TDI engine in a SUV or truck. Most likely a Land Cruiser. Or a Tacoma. That fuggin engine should last a long time.
We will see times where an old tractor is more valuable than an old car. Look at the photos from third world countries showing a family riding in a tractor wagon with produce heading to the local market. A small tractor will till ground to provide small farmers and gardeners with workable soil... Those wise visionaries are restoring some old tractors, not to be show tractors but to be work tractors. They have basic electrical systems, some have hand cranks, basic carburetors and a simple hydraulic system. Parts can be found with a bit of digging. Photo shows one of the many tractor junk yards. A man doesn't really appreciate a small tractor until he has to turn garden soil with a shovel. JMHO
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Probably right. I spent my younger years on my grandparents farm every summer. Not enough to be a great farmer, but good enough for a start. I would have paid closer attention if I knew there was going to be a test later. Hopefully I saved some useful information. We keep driving this off the cliff I figure I will need those skills more than the rest. Probably won't be doing too much electronics at that point.
JD2240, Honda tillers here....... I wish I had my old yellow and white Cub tractor (with implements) back....
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