Dear righties that disagreed with me that this would happen - You were wrong as usual - JcPro and Larue among others .
Lumber prices crash
- Thread starter nottyboi
- Start date
Dear righties that disagreed with me that this would happen - You were wrong as usual - JcPro and Larue among others .
Nottyboi:
Do you not get tired of being wrong?
This looks to be close to a double in 12 months
CRB Commodity Index
Thomson Reuters/CoreCommodity CRB Index is calculated using arithmetic average of commodity futures prices with monthly rebalancing. The index consists of 19 commodities: Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Orange Juice, RBOB Gasoline, Silver, Soybeans, Sugar and Wheat. Those commodities are sorted into 4 groups, with different weightings: Energy: 39%, Agriculture: 41%, Precious Metals: 7%, Base/Industrial Metals: 13%.
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Is that Lumber? Man you are DENSE. Many supply chains are still dirsupted. It will take longer for some to catch up. Hydro carbons are being starved of capital because we are being told the goal is to end their use. All of this is supply side related.
Who said inflation was only tied to lumber ? Certainly not me !
Man you are DENSE.
Wrong
All those commodities are priced in USD and guess what
40% of US dollars in existence were printed in the last 12 months: Is America repeating the same mistake of 1921 Weimar Germany? | Tech News | Startups News (techstartups.com)
That was as of May 2021, the printing presses have kept on rolling since then
So now there are maybe 15 to 17 ++ dollars chasing the same goods & services bought for $10 in May 2020-
Add in the the big multiplier effect of higher energy costs via foolish policy mistakes and you got yourself a rip roaring inflationary bon fire
Independent of the supply chain issues, which is an incremental layer
It will take some real big interest rate hikes and or a recession to put that fire out
Oh wait govts at all levels, corporations and the consumer all have loaded up on debt. Oops that's problem for real big interest rate hikes, which leaves.......
Courtesy of the loonie left
Get the substitute in pace before turning anything off
Unless your goal is to kill and impoverish people, while ensuring hundreds of millions remain in abject poverty
Well, at least you admit you are a sheepeole
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Overall, we rate TechStartups Right-Center Biased and Questionable based on a complete lack of transparency, poor sourcing, promotion of conspiracy theories, and misinformation regarding the Coronavirus
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John, have you been drinking from the toilet again?
That toilet seat must have banged you on your head if you think one website trashing another changes the facts of the matterOverall, we rate TechStartups Right-Center Biased and Questionable based on a complete lack of transparency, poor sourcing, promotion of conspiracy theories, and misinformation regarding the Coronavirus
TechStartups - Bias and Credibility
QUESTIONABLE SOURCE A questionable source exhibits one or more of the following: extreme bias, consistent promotion of propaganda/conspiracies, poor or no
John, have you been drinking from the toilet again?
are you going to search for dirt on these as well?
FYI The chart Source: Federal Reserve
I hope you learned something
Slither away now
More than 35% of US Dollars Ever Printed Made in 2020 - Liberty Conservative News
Federal Reserve Board - Currency Print Orders
How Much Money Was Printed In 2020 Visualized (demonocracy.info)
Is the Federal Reserve Printing Money? (thebalance.com)
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Not sure if it’s even safe to click on your links lol but continue drinking from the toilet
Not sure if it’s even safe to click on your links lol but continue drinking from the toilet
so you will just ignore what multiple sources including the Federal Reserve are confirming?
A mind is a terrible thing to waste and yours has been wasted
...In April / may 2020 I was buying a LOT of wood for a project.
A 2x4x8 at Home Depot was $2.97. Just for a laugh, I checked their website just now and it's now $4.38. Not bad if you consider that it was 11 bucks each earlier this year.
A sheet of 3/4 tongue and groove plywood was around 44 bucks back in April / May 2020
I saw it peak at about 120 a sheet (which is fucking nuts)
Currently it's 53.78 bucks, so not bad.
Now if they could only do something about the price of an F150.
A 2x4x8 at Home Depot was $2.97. Just for a laugh, I checked their website just now and it's now $4.38. Not bad if you consider that it was 11 bucks each earlier this year.
A sheet of 3/4 tongue and groove plywood was around 44 bucks back in April / May 2020
I saw it peak at about 120 a sheet (which is fucking nuts)
Currently it's 53.78 bucks, so not bad.
Now if they could only do something about the price of an F150.
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You can't really do that, because there is only so much capital, and the costs of climate change are really starting to soar. The transition has started, but yes there will be oil shortages. Sky high oil prices will make EVs and green tech more cost competitive. Like all change, some people will get fucked. Its not possible to avoid fucking some people in disruptive changes. So the key is to try and avoid being the fuckee.. its a tricky time for all. The rise of China has controlled traditional sources of inflation (production constraint) for 2 decades. But the pandemic has significantly changed consumption patterns. I think these are temporary. In essence trillions of dollars spent on travel have been redirected to goods. That capacity to travel still exists (planes cruise ships hotels etc) and people DEFINIETLY want to travel. So there will be a whipsaw coming when the pandemic becomes an endemic and travel can resume. Then you will get TRILLIONS redirected again towards travel and demand for stuff will drop by serveral trillion $.
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Almost every EV will be cheaper then Tesla. Oil prices will increase the cost of EVs but not that dramatically. The falling cost of batteries and other components will more the offset this.
Specify these costs exactly
This should be entertaining
Wild fire burn acreage is down from 100 years ago, besides recent fires are a function of mis management of forests
Hurricane intensity and frequency has not changed
The number of lives lost due to natural disasters is also down significantly
So far the only true cost increases have been higher fuel costs due to carbon taxes
There is no need for that
Hold on, according to the loonies they were already cost competitive (opps forgot the subsidies)
There is a difference between getting fucked and freezing to death
There are hundreds of millions of people who could be dragged out of abject poverty with increased access to inexpensive reliable energy
There are hundreds of millions of people who will be forced into abject poverty if their access to inexpensive reliable energy is cut off
You have no right to demand that of others
Yeah, lets not cut off the affordable reliable energy before a suitable replacement is in place (wind and solar are not going to cut it--- not even close)
???
A completely different issue
however you are still wrong and you prove my point
if you will get TRILLIONS redirected again towards travel , you will need aviation fuel, diesel for the cruise ships and gasoline for tour busses and rental cars...... and lots of it
you do not think things through
Get the substitute in pace before turning anything off
Unless your goal is to kill and impoverish people, while ensuring hundreds of millions remain in abject poverty
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Nothing is being turned off. It is being wound down gradually. Deadlines are set that will be missed, but you need to have a goal. The reason oil and gas will be expensive is the demand swing from the pandemic and reallocation of capital from E&D for oil to building green infrastructure. There is a need. Water levels are rising, and the hydrocarbon industry in very polluting and destructive. It will have to be shunk but will not go away completely..maybe ever. As I said in another post, carbon sequestration is getting pretty cheap. Commercial aviation at its peak, uses less then 10% of global oil consumption. Forestry practices in Canada are appalling, I agree. They cause fires and flooding, better pratices can mitigate these significantly. But rising oceans, melting permafrost, and drought. These are symptoms of global warming. Green power is a boon to undeveloped nations, you can build solar very easilt vs a full electrical grid. And having power and led lights is a huge step from having nothing. All for a few hundred bucks per house. They would even have enough power to charge an ebike. All transformational improvements for underdeveloped nations. Fuel for travel will be somewhat offset by reductions in people driving for vacations, using their boats etc.
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Wrong
Joe Biden begging for more production elsewhere is clear evidence a significant portion of US production has been turned off
'https://www.macrotrends.net/2562/us-crude-oil-production-historical-chart'>U.S. Crude Oil Production - Historical Chart
The goal should be: do not turn off the energy until an affordable, reliable alternative is in place
Still well below 2019 demand.
Domestic producers could easily have met demand if Biden had not signaled the goal is to shut them down
Investors reallocated capital into sectors offering better rates of returns and / or lower risk
Green infrastructure ?? - Not with out massive govt subsidies which is unsustainable- this is still very risky for investment $
At the same miniscule rate as the last several thousand years. not entirely surprising given we are still exiting an ice age
as is the mining required for "green energy " materials
.
Let market forces take care of that via substitution
.
You really do not understand what you speak of if you think sequestration will meaningfully impact emissions
At its peak ? No. The population will continue to grow
Forestry management by govt is appalling
The private sector has been replanting trees for decades
At least you recognize the root cause and do not blame "climate change"
These are symptoms of an ever evolving climate which has constantly changed and will continue to change independent of what man does
Do not be ridiculous
20% of the Indian population does not have access to electricity
They burn what ever they can find to cook and heat their homes
woman spend their day gathering firewood, carrying water from the river, steam , pond and cooking
and you think solar is the answer here ???
You want to give ebikes to people who need access to clean water and basic sanitation
You really do need to start thinking practically and realign your priorities
By having government artificially driving up the cost of driving???????
The role of government is to make life better for citizens.
The role of government is not to control the behavior of its citizens
