Just got off the phone with a guy that does a lot of construction type stuff...

[DiceAreCast]

Good morning. Did you sleep well?

He said wood prices have tripled in cost. People are using plywood made for cabinets outside, which its not made for, because everything else is so costly.

Copper has tripled in cost.

He said other items that are built for him have gone up significantly in price, but more importantly they keep pushing back the estimated delivery times because shortages of goods on their end to make the products.

All this is at the wholesale, industrial level, not some copper or wood ETF or futures.

If anyone is not convinced inflation is coming, you are INSANE. Its is going to be HORRIBLE.

 

[DiceAreCast]

He can't hear me, he is tone deaf. But surely everything he says is law. Only question for me is how persistent current inflationary tendencies are. Will it subside after everyone got their shit they could not get during this pandemic or is this just the beginning of higher persistent inflation...

The Ministry of Truth hath spoken. None dare question it!

 

[Saltynuts]

WSJ article on thread is from April 4th numbnuts. ET'ers being late to the party? Somebody stop the presses.

I saw that. That's precisely why I said "I don't know about all that" or something to that effect. Come on man.

 

[newwurldmn]

I have a small allo. Did you get any?

I called frank q. He’s a newbie banker who I think will be big in the future.

 

[destriero]

I called frank q. He’s a newbie banker who I think will be big in the future.

Dude hook me up

 

[destriero]

I saw that. That's precisely why I said "I don't know about all that" or something to that effect. Come on man.

Cool story. So what is precise about you being two months late?

 

[Cuddles]

I saw that. That's precisely why I said "I don't know about all that" or something to that effect. Come on man.

 

[destriero]

Hey fat boy, you mind also linking me the article about Blackrock STOPPING those house purchases, which house purchases were referenced in article in the other thread? I didn't see that off hand, but I'm sure you can link it for me.

Thank you in advance you tubby loser!

Blackrock's May monthly report to II will be out on 60 days.

 

[destriero]

This article just hit the wires.

https://www.theatlantic.com/technology/archive/2019/02/single-family-landlords-wall-street/582394/

 

[Saltynuts]

Blackrock's May monthly report to II will be out on 60 days.

Well that is just groovy. I will be looking for it. I'm sure they are going to say they have stopped buying up single family residences because they expected prices to start going down, no doubt about it. That is amazing, you fatbody you!!!