Paint has skyrocketed due to the explosion / destruction last year of on the 3 major processing plants in the US. It’s insane. We’re renovating this summer and tape if freaking stratospheric for the 3M Painters tape. Over $6. For tape. Tape.
The rise in the price of services is most likley driven by a need for employers to raise wages to retain good employees (or ones that at least show up on time). Service prices = labor cost + benefits (health insurance rates in WNY are increasing 10 - 20% or more) + profit. As such, there's tail chasing of cost increases driving up prices.
Purchases may also be "front loaded" as people who think ahead are purchasing items commonly imported to attempt avoiding price increases due to tariffs when they do take effect (like now). I know it influenced some of my decisions. It will be interesting to look at purchasing volume prior to August vs. after. I've noticed that retailers have been running sales; either to raise revenue and pay off loans and/or clear out warehouse space (or both).
At any rate the last 1/3 of the year could be interesting.
I'm not sure wage growth is a significant factor, at least so far. In my estimation, the "wage price spiral" is greatly exaggerated as an economic phenomenon.
There certainly was considerable front loading in the first quarter. It's possible there was a lag effect before that accelerated consumption was reflected in price levels.
now do the roughly 15000% (it's actually more but I rounded down gold bullion value to the nearest $1000) devaluation of the dollar since the "federal" "reserve" Central Usury "bank" was installed in 1913
Thank you once again for factual data and sound analysis, Peter. Apparently, this latest info will only serve to make Americans less trusting of anyone’s narrative. Maybe it will also cause people to turn their attention to other matters, because it’s “meh”. In the largest picture, do you see anything looming on the immediate horizon - such as China’s economic problems, or Europe’s - that could soon push us into a sharp economic turn?
America's main trading partners outside of North America--Europe and China--are grappling with deep structural issues within their respective economies. Because America does have significant trade relationships with both Europe and China, any significant economic turmoil in either region will almost certainly have some knock-on effects for the United States. Those effects are likely to exacerbate our existing inflation and joblessness issues.
Are we going to get advance warning of that economic turmoil? No more than we already have. There is no way to predict when or if circumstances will precipitate a major dislocation which will reverberate back into our own economy.
The global data has been signalling a major economic correction/reset for several years. It's coming. We do not know when, and will not until it happens.
Paint has skyrocketed due to the explosion / destruction last year of on the 3 major processing plants in the US. It’s insane. We’re renovating this summer and tape if freaking stratospheric for the 3M Painters tape. Over $6. For tape. Tape.
The rise in the price of services is most likley driven by a need for employers to raise wages to retain good employees (or ones that at least show up on time). Service prices = labor cost + benefits (health insurance rates in WNY are increasing 10 - 20% or more) + profit. As such, there's tail chasing of cost increases driving up prices.
Purchases may also be "front loaded" as people who think ahead are purchasing items commonly imported to attempt avoiding price increases due to tariffs when they do take effect (like now). I know it influenced some of my decisions. It will be interesting to look at purchasing volume prior to August vs. after. I've noticed that retailers have been running sales; either to raise revenue and pay off loans and/or clear out warehouse space (or both).
At any rate the last 1/3 of the year could be interesting.
I'm not sure wage growth is a significant factor, at least so far. In my estimation, the "wage price spiral" is greatly exaggerated as an economic phenomenon.
There certainly was considerable front loading in the first quarter. It's possible there was a lag effect before that accelerated consumption was reflected in price levels.
now do the roughly 15000% (it's actually more but I rounded down gold bullion value to the nearest $1000) devaluation of the dollar since the "federal" "reserve" Central Usury "bank" was installed in 1913
Everything is definitely more expensive every time I get out.....
Thank you once again for factual data and sound analysis, Peter. Apparently, this latest info will only serve to make Americans less trusting of anyone’s narrative. Maybe it will also cause people to turn their attention to other matters, because it’s “meh”. In the largest picture, do you see anything looming on the immediate horizon - such as China’s economic problems, or Europe’s - that could soon push us into a sharp economic turn?
Inflation is rising in the US.
Joblessness is rising in the US.
America's main trading partners outside of North America--Europe and China--are grappling with deep structural issues within their respective economies. Because America does have significant trade relationships with both Europe and China, any significant economic turmoil in either region will almost certainly have some knock-on effects for the United States. Those effects are likely to exacerbate our existing inflation and joblessness issues.
Are we going to get advance warning of that economic turmoil? No more than we already have. There is no way to predict when or if circumstances will precipitate a major dislocation which will reverberate back into our own economy.
The global data has been signalling a major economic correction/reset for several years. It's coming. We do not know when, and will not until it happens.