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Thread: Inflation MEGATHREAD

  1. #21
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    This thread is inflating.

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    Hawaiian real estate would get a no by me. Its the second place on the list that Kim Jong sister would nuke.
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    On a completely unrelated side note: Met the Queen when she visited Queen Elizabeth High school in Calgary way back. No comment.

    Also talked to Warren Buffett, for a solid breakfast when he passed through TD Square. This is long before he started charging for conversations at meals.

    Most notable local celebs: Alannah Myles, totally memorable because she always wore leather hotpants.

    If Covid gets me, I met a few characters in my time.
    Last edited by ZenOps; 04-01-2021 at 10:56 AM.
    0.5 gram microsd delivered by 12,000 pound combustion vehicle and driver.

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    I feel like this is mostly pandemic driven and people are getting bored so they're buying shit to keep entertained. Once the pandemic is finally over, people will go back to travelling and realize they didn't need to buy all this crap and start to unload it.

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    Quote Originally Posted by ZenOps View Post
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    Most notable local celebs: Alannah Myles, totally memorable because she always wore leather hotpants.

    If Covid gets me, I met a few characters in my time.
    Impressive and fulfilling. Wouldn’t it had been ironic if Rob Anders showed up too, in hotpants

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    Quote Originally Posted by S-FLY View Post
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    I feel like this is mostly pandemic driven and people are getting bored so they're buying shit to keep entertained. Once the pandemic is finally over, people will go back to travelling and realize they didn't need to buy all this crap and start to unload it.
    Just need lumber to come down in price, tired of building shit out of pallets.

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    Prices on whisky/bourbon/beer have definitely increased along with quality steel, tools, and unprocessed foods.

    There are so many potential causes of inflation these days:
    1. Monetary inflation due to stimulus, deficits, and debt monetization;
    2. Tariffs;
    3. Carbon/Green taxes;
    4. COVID lockdowns and pent-up demand;
    5. Supply chain disruption (Suez/COVID;
    6. BREXIT;
    7. Low interest rates and massive increases in debt (somewhat related to point #1).

    Regardless, it all basically proves that we no longer live in anything close to a free market economy.

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    I'm not sure we ever have. Either the government does nothing and corporations monopolize and do some shady shit like price fixing and planned obselecence, or the government interferes and fucks everything up for consumer and corp.

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    Quote Originally Posted by Tik-Tok View Post
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    I'm not sure we ever have. Either the government does nothing and corporations monopolize and do some shady shit like price fixing and planned obselecence, or the government interferes and fucks everything up for consumer and corp.
    Governments pass legislation/regulation to appease idiot voters while also keeping their donors and lobby groups happy (0.1% win, 99.9% lose). The amount of bullshit I'm dealing with to transfer money internationally with banks at the moment is mind-blowing. Funny how it didn't stop any of the billionaires or government officials caught up in the Panama Papers scandal or any other scandal (WE charity/Turdeau/Moroneau) from having issues, though. Rules for thee but not for me.

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    Quote Originally Posted by Xtrema View Post
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    BOGO - 2 Big Mac for $5.30.
    $2 Big Mac when the Flames play. Use burner phone for multiple McDicks accounts.

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    Quote Originally Posted by davidI View Post
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    Prices on whisky/bourbon/beer have definitely increased along with quality steel, tools, and unprocessed foods.

    There are so many potential causes of inflation these days:
    1. Monetary inflation due to stimulus, deficits, and debt monetization;
    2. Tariffs;
    3. Carbon/Green taxes;
    4. COVID lockdowns and pent-up demand;
    5. Supply chain disruption (Suez/COVID;
    6. BREXIT;
    7. Low interest rates and massive increases in debt (somewhat related to point #1).

    Regardless, it all basically proves that we no longer live in anything close to a free market economy.
    Rofl chides me for bringing up monetary inflation and then lists it.

    Did someone at your work explain it to you using hand puppets?

  12. #32
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    Quote Originally Posted by davidI View Post
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    Prices on whisky/bourbon/beer have definitely increased along with quality steel, tools, and unprocessed foods.

    Regardless, it all basically proves that we no longer live in anything close to a free market economy.
    Or may be we do have a free market but it's adjusting to a lot people having a lot more cash to burn because of:

    - stonks
    - RE bubble
    - WFH savings
    - No vacation savings
    - No outside drinking/dining savings
    - government income bailout (CERB in Canada)

    Whenever there is more $ to burn, a boomtown economy sets in and stuff get more expensive. Because it can.

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    Quote Originally Posted by Tik-Tok View Post
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    I'm not sure we ever have. Either the government does nothing and corporations monopolize and do some shady shit like price fixing and planned obselecence, or the government interferes and fucks everything up for consumer and corp.
    Fair comment - I didn't mean an "invisible hand" economy where the government does nothing as I fully support general consumer, worker, and environmental protections.

    But what's happening now is not that. There are target corporate bail-outs, blatant market manipulations with taxes/interest rates/policy, and basically no price discovery in equity markets.

    I know that irrational market behaviour has occurred many times before but I don't think it has been as directly driven by debt-addicted policy-makers as it is now.

    - - - Updated - - -

    Quote Originally Posted by suntan View Post
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    Rofl chides me for bringing up monetary inflation and then lists it.

    Did someone at your work explain it to you using hand puppets?
    WTF are you talking about?

    Edit: Oh, probably this post where I explained the different types of inflation and tried to explain to you that the reason for inflation doesn't have any impact on the BOC's ability to respond to it.
    https://forums.beyond.ca/threads/413...47#post4956247
    Last edited by davidI; 04-04-2021 at 01:59 AM.

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    Quote Originally Posted by Xtrema View Post
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    Or may be we do have a free market but it's adjusting to a lot people having a lot more cash to burn because of:

    - stonks
    - RE bubble
    My argument is that the prices of stonks and RE have been largely inflated due to artificially supressed interest rates (necessary to fuel ongoing deficits/debts of governments).

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    Decent enough viewpoint. If you think inflation is going to start running away, now is the time to borrow as much money as possible. Buffet said the same thing.
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  16. #36
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    Also: Acoustic foam. Used to be about 75 cents to $1 per square foot. Now $2+

    I guess more people are buying to keep their Zoom home offices free from external noise.
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  17. #37
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    Sheet of plywood $100.

    Who says money does not grow on trees?
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    Are the recent gas hikes due to inflation too? or is that because the producers are passing on the high oil prices to consumers?

  19. #39
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    Quote Originally Posted by davidI View Post
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    Edit: Oh, probably this post where I explained the different types of inflation and tried to explain to you that the reason for inflation doesn't have any impact on the BOC's ability to respond to it.
    https://forums.beyond.ca/threads/413...47#post4956247
    Not sure you know what happened in Lebanon, but as it turns out like every other fucking time in history when a gov't prints too much money and they don't raise their prime rate the currency tanks.

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    Quote Originally Posted by S-FLY View Post
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    I feel like this is mostly pandemic driven and people are getting bored so they're buying shit to keep entertained. Once the pandemic is finally over, people will go back to travelling and realize they didn't need to buy all this crap and start to unload it.
    Also consider the $$$ people saved from not travelling and they've now decided to spend it on goods. Any family trip is a few thousand. Easy with reading and lodge and flights or gas.

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