Re:How this Ends
by Clewza313 on Wednesday February 17, 2021 @09:46PM
(#26174858)
That's a rather extraordinary claim, would you have a source for that?
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Re:How this Ends
by tengbretson on Thursday February 18, 2021 @12:35AM
(#26176315)
In the last 12 months:
Nasdaq 100 - up 40%
Cotton - up 25%
Corn - up 40%
Gold - up 15%
Silver - up 25%
Steel - up 30%
lumber - up 100%
Copper - up 46%
Aluminum - up 22%
Re:How this Ends
by antientropic on Thursday February 18, 2021 @04:39AM
(#26177836)
That's not "nearly everything". Most people don't spend their salaries on lumber or copper. If anything, it shows how little the prices of raw commodities affect consumer prices.
It's also hardly evidence for impending hyperinflation. For instance, aluminum is massively cheaper than in 2008, and copper is still quite a bit below the 2011 level. Commodity prices always fluctuate massively.
Corn is much lower than it was 8 years ago, steel is at the same level as it was in 2018/2019, lumber only up 50% from last peak in 2018 (and price fluctuates a lot currently).
It seems you forgot a few items: bitcoin, bread, milk, chicken, pork, eggs, apples, sneakers, jeans, jackets...
Re:How this Ends
by NiceWayToDoIT on Thursday February 18, 2021 @02:48AM
(#26177133)
There is one thing that has not gone up.
Salaries.