300% inflation in 2 years.
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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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Copper has just more than doubled in the last year. Not sure why copper wire would be 300% more unless somehow covid related.
It’s all us boomers snapping up copper bracelets, copper socks, etc because arthur-itis. To say nothing of the “copper” non-stick frying pan my wife saw on TV and acquired. I miss my daily intake of teflon flakes, personally.
Oh snap, now my cohort has yet something else to repent of.
I am not sure cooking with copper is a good idea. Too much is much better defined than not enough.
I’ve done a lot of research on this lately (I had a garage built over the last 6 months, experienced material delays and high lumber prices)
Best I can ascertain, some of following are factors driving higher prices:
(1) Supply chain disruptions due to Covid lock downs and people currently incented not to work
(2) Wall Street inflation (CPI) ~4.5%, if calculated per the 1980 definition, ~10-12% (I call this Main Street or real inflation – Shadow Stats)
(3) Federal Reserve near zero interest policy (NZIRP) creating real negative interest rates, plus numerous QE, RePo now in the hundreds of billions, etc., has finally started to catch up. (very cheap money chasing fewer available assets such as housing and stocks)
(4) Corporations have successfully pushed through price increases
The real question is can the Fed manage “Transitory” and/or “Permanent” inflation, my dumbass guess is no.
It couldn’t have anything to do with the fact that the dollar has no collateral and is literally being printed from thin air? Printing TRILLIONS of dollars makes that dollar worth less, far less so it takes lots more worthless dollars to buy stuff.
That wasn’t inflation. A doer got you done, is all…
I have high hopes my past employer and the federal government are going to adjust my retirement benefits any day now commensurate with the surge in prices, so we’re all good.
Transitory in this case meaning permanent.
So, I didn’t comment on the 4th party article because too many ahead of me. Congratulations on a great party and…is your bull a red angus? I saw the Hereford cows and was wondering if you’re cross breeding. Also, your hair…
Didn’t it used to be darker? It’s a lovely color BTW and you’re fortunate to have an abundance of it. What breed of chickens do you raise and do you use pesticide? Love it if you would post some farmer farm wisdom…
Yes, why do the Econ writers keep pretending all this hasn’t been helped along especially the lumber situation.
I think you can safely consider all Econ people the ultimate conspiracy theorists as what is a better example (besides the plandemic of course).
Copper is a commodity and the price fluctuates with supply, demand and the value of USD. Supply is down due to the governments’ actions in shutting down the economy for the scamdemic. Demand is way up due to fed’s low interest policies spurring home building and massive remodeling due to low interest, stimuless payments and people “working” from home. Throw in the huge increase of USD in circulation and you have your inflation in copper wire price.
Notice the 3/8″ NM cable connector went from $3.48 to $2.15 ea. This is a consumable, not a commodity and the price is affected by other factors.
Damn good thing those price increases are temporary.