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Prices.... Going Up!!!

Plastic gallon milk jugs work well to freeze water in, and take up the unused space. Just be sure to leave an inch or two space, for expansion. ;)

Good Idea I would imagine just some water in a container in the fridge part would help too; I will try this this
 
U.S. Dollar Purchasing Power Update @ 13 JANUARY 2022:

The Bureau Of Labor Statistics and the St Louis Federal Reserve Board, in separate reports pertaining to U.S. economic health through the forst week of 2022, have confirmed the continuing decline of the purchasing power of the U.S. Dollar since 1 January 2000:

upload_2022-1-13_12-9-27.jpeg
Sources: U.S. Bureau Of Labor Statistics & St Louis Federal Reserve Board

Related to -- and of course serving to drive/exacerbate the continuing decline in the value of the U.S. Dollar -- is the most recent (i.e., as of Friday 7 January 2022) data re: the state of the U.S. economy and, chiefly, the continued deleterious effects of inflation. To wit:

The broadest Consumer Price Index (CPI-U) increased by 0.5% in December from November, and by 7.04% from one year ago, the highest increase since June 1982.

upload_2022-1-13_12-18-36.jpeg
Sources: U.S. Bureau Of Labor Statistics & St Louis Federal Reserve Board

However there is big difference between January 2022 and the year 1982: while the 2022 inflation index is spiking and has been getting worse monthly, in 1982 inflation was on its way down when it was at this level. The last time inflation spiked like this on its way to surpassing the 7%-mark was in June 1978 -- i.e., at roughly the zenith of the Carter Era recession.

According to an even more narrow measure, the Consumer Price Index for All Urban Wage Earners and Clerical Workers (CPI-W), which happens to be the index used for calculating Social Security COLAs, inflation spiked by 7.8% from one year ago.
 
And that's the main reason I use it. Many other oils (corn, canola, etc.) either give me severe heartburn, or do a number to my digestive system. I recently ate some delicious chocolate banana bread that my niece had given me. I was up all night, in agony. Knowing her financial situation, I'm sure she uses the cheapest oil (probably canola) she can find. I make banana bread, brownies, cookies and several other things using coconut oil, with absolutely no problems. I know what my system likes, and what it doesn't.

Webmd, like the FDA, has close ties, and is financial beholden to the pharmaceutical industry. There's no money for them in natural products. Of course they're not going to promote them. Dig a little deeper for info on coconut oil. It may not be the panacea that some claim, but it certainly does less harm (thus healthier) than some of the more popular, highly marketed oils. Tastes better too. ;)
Exactly, it’s not as bad for you so in turn, is healthier.
 
i live in a subdivision in the smallest house, oddest shape, oldest inside and worst yard on my street.

in my court of 9 homes, an 1800sq ft house, 2 stories, 3br, 2.5 bath, .23 acre, no garage is for sale

sold for $210k in 2013
sold for $280k in 2017
went on market today for $424,900

insane
 
I recently sold my house for just shy of 3x what I paid for it in '00. I did completely remodel it, but still. :crazy:

I feel sorry for the young, first time home buyers. Or, anyone looking to buy a house for that matter. At some point, in the near future, the bubble is going to burst and will make the '08 recession look like a cake walk. :yikes: (Just my opinion, of course.)
 
I recently sold my house for just shy of 3x what I paid for it in '00. I did completely remodel it, but still. :crazy:

I feel sorry for the young, first time home buyers. Or, anyone looking to buy a house for that matter. At some point, in the near future, the bubble is going to burst and will make the '08 recession look like a cake walk. :yikes: (Just my opinion, of course.)

there are more buyers than houses
there is less available land to build on every year
sure seems like the arrow has to keep rising to the right.....
 
We bought 20 years ago. The asking was 229k, we offered 230k so price wouldn't be an issue. Now i see that people are bidding 20 or 30k over asking....and they need to write a nice letter to the sellers explaining why they should get the house !?!?!

Who is buying all these houses that are double what they were 10 years ago ?
Salaries haven't risen...

The bubble better burst soon. If young people can't afford housing then we're all in trouble.
 
I had an epiphany about the price of gold this morning. Someone was mentioning the standard line that the price of PM's was being artificially supressed - and that before it really takes off, they will simply make it illegal to own gold like they did almost a century ago in the US. However, back then it was the foundation upon which our money rested. Messing with gold messed with the money itself. It may be why they didn't do it with silver.

Now it's just another commodity. They would be hard pressed to find an excuse to do it now.
 
We bought 20 years ago. The asking was 229k, we offered 230k so price wouldn't be an issue. Now i see that people are bidding 20 or 30k over asking....and they need to write a nice letter to the sellers explaining why they should get the house !?!?!

Who is buying all these houses that are double what they were 10 years ago ?
Salaries haven't risen...

The bubble better burst soon. If young people can't afford housing then we're all in trouble.
This is the same thing that happened back in the last run-up (2006-2008). My wife was a real estate agent at that time. This next bubble burst is going to be much, much more dramatic. People were not talking about "trillions" back then. My how the world has changed.
 
I recently sold my house for just shy of 3x what I paid for it in '00. I did completely remodel it, but still. :crazy:

I feel sorry for the young, first time home buyers. Or, anyone looking to buy a house for that matter. At some point, in the near future, the bubble is going to burst and will make the '08 recession look like a cake walk. :yikes: (Just my opinion, of course.)
I've seen this cycle three times in my adult life, the first one was just news, the second and third I bought, sold on the peak. I'll do it one more time life and situation permitting. I'm down to three, recently unloaded. The next bubble might have such scale money itself will bust. Reset is more than a concept.
 
Didn't the housing bubble burst in china?
If it does, Evergrande, the world's most indebted real estate developer will lead the way and hurt not just China's economy, but the world's economy. China real estate makes up nearly 30% of their GDP, compared with 19% for the U.S. when we were in our housing bubble. Worse yet, housing makes up 78% of Chinese assets, compared with 35% for the U.S.
 
there are more buyers than houses
there is less available land to build on every year
sure seems like the arrow has to keep rising to the right.....
The only reason there are more buyers is due to the artificially low interest rate. (Historic norms are much higher.) Once the rates start to rise the number of qualified buyers will decrease.
 
Are these adjustable or fixed rate loans ? Isn't that adjustable what hurt everyone in 08 ? When I bought in 04 they tried real hard to sell that to me "just think how much more money you'll be making" lol.
 
Housing, automobiles, lumber, paint, groceries, fuel, toilet paper. Now is not a good time to buy anything.

Spot on overall but special mention re: cost of lumber.

The cost of lumber, as many of y'all recall, quadrupled in the 11 months between June 2020 and May 2021, followed by a 73% collapse between May and August 2021, i.e., seemingly "back to normal" (ish).

Fast forward to January 2022: Lumber futures @ the Chicago Mercantil Exchange hit $1,234 per thousand board feet, an increase of 175% from the August 2021 low. (note: the August 2021 "low" was still 28% higher than August 2020)

A(nother) chart:

LUMBER FUTURES COST, AUGUST 2020 TO MID JANUARY 2022
upload_2022-1-14_13-17-16.jpeg
Source: Trading Economics / Chicago Mercantile Exchange

Many reasons are being cited for this bouncing ball called lumber costs, but at the end of the day the only valid explanation seems to be that lumber costs are indicative of yet another market that has, like other markets, gone crazy, e.g., the used vehicle market, the new vehicle market, and -- yes -- the housing market.

NOTE: For tracking current and trend costs of commodities and markets I use data and data investigation tools available at a site called TRADING ECONOMICS --- https://tradingeconomics.com/
 
there are entities such as Blackrock that are buying up real estate from under the feet of the normal homebuyers. They swoop in and offer tens of thousands more than the asking price. .....insidious .
 
Housing, automobiles, lumber, paint, groceries, fuel, toilet paper. Now is not a good time to buy anything.

Exacerbating an inflated money supply, near-zero interest rates and buyer anxiety where "I gotta get it today cuz tomorrow it's gonna cost X more" is the (continued) hike in shipping costs throughout the world but especially in USA, a cost that has been passed on to all consumer goods since the start of the present inflationary cycle. It is this simple: Freight companies, facing numerous obstacles, jacked up prices amid strong demand, resulting in an historic spike in the amount that shippers paid to transportation companies.

Consulting the Cass Information Systems FREIGHT EXPENDITURES INDEX, we see that between December 2019 and December 2021, shipping costs spiked twice:

1. Shipping costs increased 62% between December 2019 and December 2020
2. Shipping costs increased 43% between December 2020 and December 2021

CASS FREIGHT EXPENDITURES INDEX, DECEMBER 2007 TO DECEMBER 2021
upload_2022-1-14_14-2-42.jpeg
Source: Cass Information Systems (Freight Expenditures Index)

Bottlenecks in trucking, railroad and other modes of transport have contributed mightily to the increased expenditures, but also @ work is the increase in the cost of fuel, especially diesel.

Cass Information Systems: https://www.cassinfo.com/
 
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