TRANSITORY INFLATION

300% inflation in 2 years.

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Hans
Hans

Copper has just more than doubled in the last year. Not sure why copper wire would be 300% more unless somehow covid related.

A Dolphin Haydn
A Dolphin Haydn

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.

Ken31
Ken31

I am not sure cooking with copper is a good idea. Too much is much better defined than not enough.

Crawfisher
Crawfisher

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.

Mygirl....maybe

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. comment image

A Dolphin Haydn
A Dolphin Haydn

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.

hardscrabble farmer
hardscrabble farmer

Transitory in this case meaning permanent.

Mygirl....maybe

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…

Guest
Guest

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).

TN Patriot
TN Patriot

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.

overthecliff
overthecliff

Damn good thing those price increases are temporary.

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