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

easymon1 said:
Will crypto be an option for offsetting some inflation risk?

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I know nothing about crypto. If any particular crypto had an intrinsic value, and very few or no more of that crypto could be issued, then I would say yes, almost certainly that would also be a good inflation hedge. I'm just not convinced any of them have any inherent value given that my understanding is that there is an unlimited amount of crypto that can be created, as good or better than what is out there. Bitcoin 2. Etherium IV. Dogecoin Doing Granny in the Fanny # 47.
 
Saltynuts said:
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.
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Wow Captain, incredible insight.
 
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Per Raul Pal recently at Real Vision -- since 1960 there's a yield rise at the end of every recession, then yields, or at least the yield curve, starts a downtrend that continues for most of the recovery.



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Saltynuts said:
Try getting some you fat dipshit.
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Doesn't that spike in lumber prices and then subsequent drop look vaguely familiar?

It looks a lot like the Equity index drop and then rebound. Just inverted man. CPI numbers tomorrow morning will make many people cry, and others elated, through end of week. Don't get caught on the wrong side of it.
 
Overnight said:
Doesn't that spike in lumber prices and then subsequent drop look vaguely familiar?

It looks a lot like the Equity index drop and then rebound. Just inverted man. CPI numbers tomorrow morning will make many people cry, and others elated, through end of week. Don't get caught on the wrong side of it.
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Prices go up and down up and up and down, even in long term up markets. Inflation is here, more is coming, and the CPI numbers tomorrow, even if the feds work their "magic" to show there is none, ain't going to change that. Out of control spending and printing money at a 23%+ annual rate to accommodate that, will ensure it.
 
Saltynuts said:
Prices go up and down up and up and down, even in long term up markets. Inflation is here, more is coming, and the CPI numbers tomorrow, even if the feds work their "magic" to show there is none, ain't going to change that. Out of control spending and printing money at a 23%+ annual rate to accommodate that, will ensure it.
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Tell that to the lumber and gold HODLers who bought at the recent price peaks.
 
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