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How hard is inflation going to hit, or has hit?

junkytj said:
Then I'm wondering who the fuck has a gasoline powered delivery truck.

She literally has a tat that says go out and hug a tree. If that person can see through the bull, who are you selling to?
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UPS has been tossing all aluminum LSX motors in their shit, probably because ford 300s haven't been made in 20 years

I like most trees more than most people.
 
[486] said:
UPS has been tossing all aluminum LSX motors in their shit, probably because ford 300s haven't been made in 20 years

I like most trees more than most people.
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Our UPS drivers are in Penske trucks, I guess they figured it was cheaper to lease than tear up their city built vehicles
 
[486] said:
UPS has been tossing all aluminum LSX motors in their shit, probably because ford 300s haven't been made in 20 years

I like most trees more than most people.
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That's interesting and I didn't know that, but relevant to grocery stores; I don't see a lot of UPS trucks delivering to grocery stores.
 
So what would 20% mean to me? If all my costs increased 20% it wouldnt really make a difference and my life would basically be unchanged inside my household bubble.

Do i move up in economic status do to the fact that everyone with bills move down, or do i somehow get drug down with the sinking ship?
 
2big bronco said:
So what would 20% mean to me? If all my costs increased 20% it wouldnt really make a difference and my life would basically be unchanged inside my household bubble.

Do i move up in economic status do to the fact that everyone with bills move down, or do i somehow get drug down with the sinking ship?
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You're gonna get drug down with the ship, but it'll be a slow long term drag. Your head will be above your peers over the next decade or two which will give you a false sense of security.

You'll plan on retiring at 65 with a total monthly cost of living around $5k. Your electric bill will be $5200-6000.

You and I are fucked. We're just fucked with lots of astroglide by some feminine dude that wants us to be comfortable.
 
ehhh
I've never gotten so many unsolicited job offers as I have the last few months

people are hurting BAD for anyone that's worth a shit with tools
won't be long before the payscale makes a massive jump to try and alleviate some of the demand
 
[486] said:
ehhh
I've never gotten so many unsolicited job offers as I have the last few months

people are hurting BAD for anyone that's worth a shit with tools
won't be long before the payscale makes a massive jump to try and alleviate some of the demand
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The pay increases always lag inflation.
 
[486] said:
ehhh
I've never gotten so many unsolicited job offers as I have the last few months

people are hurting BAD for anyone that's worth a shit with tools
won't be long before the payscale makes a massive jump to try and alleviate some of the demand
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Same. I had a recruiter reach out from a company once a month for the last 8 months, then 3 days in a row. Finally answered them and will be working for them starting on June 2nd. It came with around a 25% increas.
 
2big bronco said:
So what would 20% mean to me? If all my costs increased 20% it wouldnt really make a difference and my life would basically be unchanged inside my household bubble.

Do i move up in economic status do to the fact that everyone with bills move down, or do i somehow get drug down with the sinking ship?
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Wages are the last to rise, so, higher costs at the heyday m grocery store, the pump, the power meter and the tax bill.

Oh, so eventually your wages might catch up to inflation. How long will it take for the tax brackets to get modified to put your burden by percentage back in check?

You live within your means, so you'll bitch, but do just fine, as you've already locked in your cars and home.

Here's the problem, is it a 20% increase in a couple years, or is this "two weeks to flatten the curve"?
45acp said:
You're gonna get drug down with the ship, but it'll be a slow long term drag. Your head will be above your peers over the next decade or two which will give you a false sense of security.

You'll plan on retiring at 65 with a total monthly cost of living around $5k. Your electric bill will be $5200-6000.

You and I are fucked. We're just fucked with lots of astroglide by some feminine dude that wants us to be comfortable.
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Yeah, pretty much for fixed income retirees, you'll get the dollars promised to you, it'll just buy you a can of catfood and a candle to eat it by.
[486] said:
ehhh
I've never gotten so many unsolicited job offers as I have the last few months

people are hurting BAD for anyone that's worth a shit with tools
won't be long before the payscale makes a massive jump to try and alleviate some of the demand
Click to expand...

I'm seeing this too, on home improvement, on top of the nationwide housing market, we've got Californians waving cash around as they move here. I responded to one request for tiling last night, with a picture of some work is done, and got 3 bid requests from other people. It's somewhat passive advertising, and it keeps me as busy as i want to be, but 3 requests in hours is nuts:eek:
 
45acp said:
You're gonna get drug down with the ship, but it'll be a slow long term drag. Your head will be above your peers over the next decade or two which will give you a false sense of security.

You'll plan on retiring at 65 with a total monthly cost of living around $5k. Your electric bill will be $5200-6000.

You and I are fucked. We're just fucked with lots of astroglide by some feminine dude that wants us to be comfortable.
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Nah man inflation is good and the sign of a healthy economy bro, this just mean we are doing 20% better now. - evrey Keynesian economist ever
 
2big bronco said:
So what would 20% mean to me? If all my costs increased 20% it wouldnt really make a difference and my life would basically be unchanged inside my household bubble.

Do i move up in economic status do to the fact that everyone with bills move down, or do i somehow get drug down with the sinking ship?
Click to expand...

here’s the thing...

if inflation hits 20% in two - three years...

that 20% year 3
On top of 12% in year two
Which is on top of 7% in year 1

give or take, of course.
 
rockota said:
Venezuela ain’t going to have anything on us....
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I'm pretty black pilled, but I don't think it's going to go full Venezuela here. It would drag the entire world economy down with it and I see no advantage for anyone on that. I see why they want to inflate the debt away like they are doing, it's retarded for sure, but I don't see any advantage to tanking it all. I see them doubling down on the fascist state they have created here in the USA since WW2.
 
Juztyn00 said:
Still free here... Is there a market for used pallets where you're at where it would be profitable to bring a trailer load?
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Back in 2014 some kid was ogling the 4x8 hf trailer behind the tracker I was driving, said hey man we could use this to haul pallets, they pay 3$ a pallet! To which I replied well let me know when you have eight stacks of pallets 8 feet high and I’ll bring a truck and we’ll haul them in. His head damn near exploded because he couldn’t count that high and I never heard from him again about pallets. :homer:
 
Texas97 said:
i get the sentiment at FIAT money, but the USD is backed by the petrodollar regs. That alteast gives it relative stability and legitimacy.
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The thing I like about a Fiat currency is it’s an unlimited number and as long as everything keeps going people will have more money if they are able to earn. so it’s an unlimited earning potential and when people have enough money they can tell the government fuck you and I’m seeing that start to happen especially this last year and a half
 
Normal rules of inflation and fiat currency don't really apply to the USD. It's unique in that the world economy operates around it and there's not an economy on the planet large enough to replace it. The next largest economy after the US is India at less than half and the Rupee sure as shit isn't replacing the Dollar.

China is basically a nonfactor. Everyone knows they vastly overvalue their economy and currency. No one trusts them enough to invest in them like the world invests in the US. Nevermind that the entire Chinese economy is directly tied to and dependent on the West. If the dollar failed, so would the Yuan. Same with the Japanese and the Yen, though they're not nearly as shady as China. But their entire economy rests on US consumers as well.

There's the Euro, but that will fail long before the Dollar does and it's got a very weak overall share in central banking.

The only real wild card out there is cryptocurrency, but the bigger issue there is how blockchain technology can fundamentally alter how we own assets in general on a much larger scale. The future of that is going to be very interesting. We've only seen the tip of the iceberg with blockchain tech. Currencies are a very, very small portion of what can be done with it.
 
Motorcharge said:
Normal rules of inflation and fiat currency don't really apply to the USD. It's unique in that the world economy operates around it and there's not an economy on the planet large enough to replace it. The next largest economy after the US is India at less than half and the Rupee sure as shit isn't replacing the Dollar.

China is basically a nonfactor. Everyone knows they vastly overvalue their economy and currency. No one trusts them enough to invest in them like the world invests in the US. Nevermind that the entire Chinese economy is directly tied to and dependent on the West. If the dollar failed, so would the Yuan. Same with the Japanese and the Yen, though they're not nearly as shady as China. But their entire economy rests on US consumers as well.

There's the Euro, but that will fail long before the Dollar does and it's got a very weak overall share in central banking.

The only real wild card out there is cryptocurrency, but the bigger issue there is how blockchain technology can fundamentally alter how we own assets in general on a much larger scale. The future of that is going to be very interesting. We've only seen the tip of the iceberg with blockchain tech. Currencies are a very, very small portion of what can be done with it.
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So what type of practical uses might blockchain technology have?
 
2big bronco said:
So what type of practical uses might blockchain technology have?
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There's way too much to get into on here. Research it on your own if you're really curious. But it has the potential to disrupt if not outright replace entire industries in economics, commodities, IDs, logistics, ect, ect. It's highly likely the next iteration of the internet will be blockchain based as well as it's basically impossible for governments to regulate. Hell the Chinese can't even stop it.

The biggest benefit is it's going to lead to a massive decentralization of power and there's basically nothing government's can do about it short of outright physically stopping people from having computers.
 
I'm just getting sick and tired of nothing available. Everything is sold out. Can't build a shop. No atvs. Prices on building stuff is stupid. vehicle market is upside down. looking at r/c, that's pretty low picking. No GPUs.

First time in my life my wife and I are doing alright, looking to spend a little something, and its either eight times the price or unavailable. :homer:

If/When the bottom ever falls out of this, I'm going full ham on the spending I guess. New trucks for everyone! :flipoff2:
 
woods said:
I'm just getting sick and tired of nothing available. Everything is sold out. Can't build a shop. No atvs. Prices on building stuff is stupid. vehicle market is upside down. looking at r/c, that's pretty low picking. No GPUs.
First time in my life my wife and I are doing alright, looking to spend a little something, and its either eight times the price or unavailable. :homer:
If/When the bottom ever falls out of this, I'm going full ham on the spending I guess. New trucks for everyone! :flipoff2:
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We're looking at a few years of this getting worse. It has less to do with economics and more to do with everything having some sort of computer in it these days. TSMC and others were building new production factories to keep up with demand before 2020, that just slowed it down and made it worse.

Shutting down manufacturing and the world economy for a fucking year definitely didn't help anything though.
 
Motorcharge said:
There's way too much to get into on here. Research it on your own if you're really curious. But it has the potential to disrupt if not outright replace entire industries in economics, commodities, IDs, logistics, ect, ect. It's highly likely the next iteration of the internet will be blockchain based as well as it's basically impossible for governments to regulate. Hell the Chinese can't even stop it.

The biggest benefit is it's going to lead to a massive decentralization of power and there's basically nothing government's can do about it short of outright physically stopping people from having computers.
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This is no bullshit.

I’ve been doing a bit of research on crypto and you can dig around on some of the links posted up in the official crypto thread
 
woods said:
I'm just getting sick and tired of nothing available. Everything is sold out. Can't build a shop. No atvs. Prices on building stuff is stupid. vehicle market is upside down. looking at r/c, that's pretty low picking. No GPUs.
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I was lucky enough to have bought just about all the lumber I needed for various fixes on my barn last summer....Was putting up new supports in it and noticed that apparently over the winter some of the metal roofing had begun to leak and ruined 2 sheets of the plywood under them. $75 a sheet for plywood and $40 a panel for the metal roofing. Fuck that, I'll buy a gallon of flex-seal and call it good until prices aren't so fucked
 
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