Just a little inflation

[dryheat]

Powell sticks with his story that what inflation we have is "transitory". Bought any lumber lately? A thousand board ft. cost about $400 six months ago. Today the commodity hit $1,590 per thousand board ft. This may be transitory. You can't get lots of things lately. You can't get pool clorine(partly because one of the plants burnt down).

[S.A. Boggs]

Chicken is starting to be in short supply as is bacon. Shortage's are becoming the new normal for America.
Sam

[togor]

Powell sticks with his story that what inflation we have is "transitory". Bought any lumber lately? A thousand board ft. cost about $400 six months ago. Today the commodity hit $1,590 per thousand board ft. This may be transitory. You can't get lots of things lately. You can't get pool clorine(partly because one of the plants burnt down).

Lumber still has the Canadian softwood tariff.

But production on many things was knocked back last year and demand is bouncing back faster than supply. The opposite problem--goods to sell but not enough buyers--spells trouble for jobs.

[Johnny P]

Look on the bright side. Biden announced that anyone making under $400,000.00 would not pay a single penny in taxes.

Of course with prices of everything rising we will need it.

[dryheat]

They only make 400K, Oh, the poor dears.

[togor]

So is this nostalgia for the good old days of 2020?

[M1Tommy]

Look on the bright side. Biden announced that anyone making under $400,000.00 would not pay a single penny in taxes.

Of course with prices of everything rising we will need it.

Biden spoke truth! We will be paying not a single penny, but many, many thousands of pennies.
Tommy

[Johnny P]

So is this nostalgia for the good old days of 2020?

You betcha! We haven't seen anything yet. Things are going to get a lot worse. It's not all Biden's fault, but the bunch of repurposed clowns he appointed.

[M1Tommy]

So is this nostalgia for the good old days of 2020?

The days of 2020, when we knew that the federal government did not see itself as everyone's big brother and paymaster?
Sure, I prefer that.
Tommy

[togor]

You betcha! We haven't seen anything yet. Things are going to get a lot worse. It's not all Biden's fault, but the bunch of repurposed clowns he appointed.

Just got off the phone with an electronics distributor, one of the big international ones. The origins of the auto industry chip crunch are both complex and interesting. Long story short the car industry had a huge planning miss in 2020 which is crimping them in 2021.

Also, claiming something is not Biden's fault will have people calling for you to be banned from this forum. Just saying.

[Johnny P]

Just got off the phone with an electronics distributor, one of the big international ones. The origins of the auto industry chip crunch are both complex and interesting. Long story short the car industry had a huge planning miss in 2020 which is crimping them in 2021.

Also, claiming something is not Biden's fault will have people calling for you to be banned from this forum. Just saying.

That sounds very impressive, "one of the big ones", but has nothing to do with the problems being created for the average worker by the Biden presidency. The auto industry has had it's ups and downs long before the chip shortage.

[S.A. Boggs]

America's financial problems started 50 years ago when Nixon took America off of the gold standard and resulted in printing press economy. Biden is not doing something that previous governments have not already done. What is happing now has been 50 years in the making and only accelerated after the start of this century. Those of us who have lived thru Jimmy Who have some ideation of what is to come and will be a horror for those who don't.
Sam

[togor]

That sounds very impressive, "one of the big ones", but has nothing to do with the problems being created for the average worker by the Biden presidency. The auto industry has had it's ups and downs long before the chip shortage.

The auto industry slashed their forecasts for 2021, only to discover that people want cars now instead of riding mass transit, because of the pandemic. Meanwhile the semiconductor industry reallocated capacity to other market segments. Plus some fabs got knocked out last year by industrial accidents.

As one guy put it, a perfect storm, but for car companies, a huge planning miss.

[dryheat]

That was the scenario. Trucks were especially in demand. People(mostly guys I'd expect) would travel to other states to get a pickup. The history of semi conductors in the US is interesting. Basically Intel invented Silicon Valley, but when the I-phone was in development Intel was offered the job of making the chips, they turned it down. A co. in Taiwan took it over and now they are the biggest chip maker in the world and they make chips no one else can. Intel is going to build a couple of Fabs in AZ now but their Taiwanese competitor is building three. Good for AZ. And maybe good for the US. Think: China takes over Taiwan and the tech that no one else has.

https://www.nasdaq.com/articles/chipmaker-tsmc-eyeing-expansion-of-planned-arizona-plant-sources-2021-05-04-1

So, now we have fancy plants, lots of rich people and nice weather(barring CC). We're California. Prices for real estate will only go higher.

[togor]

Used to design a lot of Motorola ECL logic into circuit boards. That logic came out of fabs in Arizona. Moto had a nice CPU architecture back in the day for embedded electronics. Much better interrupt structure than the Intel x86 line.