Prices going up

Box Ox

Well-Known Member
I skimmed the article it said shipping container shortage due to people ordering lots of gym equipment and at home office stuff.
"The government’s pumping of money into the economy through recent stimulus packages has also given retailers more room to raise prices. People who have received unemployment benefits or stimulus checks are able to spend that money on consumer goods like toilet paper and diapers.

Many of those who have kept their jobs during the pandemic also have been able to increase their savings. That means they have disposable income to spend on more expensive items like printers or desks for working at home, or on luxuries like televisions, hot tubs or kitchen remodels.

“Right now, demand is fiscally stimulated and very strong,” said Gregory Daco, chief U.S. economist for the firm Oxford Economics. “So even if you raise your prices, you’re not necessarily going to lose market share, because most other producers are doing the same thing and because people have the means to buy.”
 

It will be fine

Well-Known Member
I agree with you and think itty is wrong but this doesn’t seem to be proving him wrong.
We have guys here worried about deflation and ones terrified by 2% inflation. WDFD. The Fed has it under control. Dems will tax the rich to pull some money back out of the economy if inflation starts to actually tick up.
 

Tyrone Slothrop

Well-Known Member
My homes, my stocks, even the 20 YO car I just sold have all doubled in price. I can afford to pay more for diapers. President Biden will help you get diapers, if that’s what you need.

If you’re a veteran the VA will provide them.

Thank you, President Biden!
 

vantexan

Well-Known Member
My homes, my stocks, even the 20 YO car I just sold have all doubled in price. I can afford to pay more for diapers. President Biden will help you get diapers, if that’s what you need.

If you’re a veteran the VA will provide them.

Thank you, President Biden!
And of course people believe that will go on forever. We're in a bubble, and bubbles burst. Just a matter of how big the burst is.
 

Observer

Well-Known Member
Do you remember when a lot of us stated "be careful what you wish for?" Well, now you see it. Biden is a horrible person. Allowing undocumented people in with Covid, etc. Gas will be $4 a gallon by July. How many more trillion dollar "stimulus packages" is he going to pull out of his sleeve?
 
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