Inflation

[ponykilr]

 

[ponykilr]

750B more to money laundering Ukraine.

 

[RatLabGuy]

750B more to money laundering Ukraine.

Source?

Not saying we won't have, but I'm only seeing that's the estimated cost of recovery

 

[drkelly]

Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify

The consumer price index, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate.

www.cnbc.com

 

[ghost]

So with all this inflation and talk of repo cars are we about to see soem good deals on repo tractors and equipment? Asking for a friend...

 

[shelby27604]

So with all this inflation and talk of repo cars are we about to see soem good deals on repo tractors and equipment? Asking for a friend...

Doubtful, equipment can be written off by the majority of people who buy it new AND it is not typically a luxury item. If anything, you might start to see sub 20hp units come into the used/repo market.

All the good (old) equipment, seems to be made of gold and is prized for it's lack of complexity.....wish I had bought a couple dozen MF35's back in the day!

 

[jeepinmatt]

Doubtful, equipment can be written off by the majority of people who buy it new AND it is not typically a luxury item. If anything, you might start to see sub 20hp units come into the used/repo market.

You'd be surprised. I had a neighbor with a grading company, Cat 953C and mid sized excavator and a few other things, had owned the machines over 10 years, still hadn't paid them off, and had 2 mortgages on his house related to it. He ended up selling them for a song around 2010ish when the business went under (if I had know what he was selling them for, even I would have bought them ), and the house went a few years later. Official story was they "sold the house back to the bank, it wasn't a foreclosure"

 

[ghost]

You'd be surprised. I had a neighbor with a grading company, Cat 953C and mid sized excavator and a few other things, had owned the machines over 10 years, still hadn't paid them off, and had 2 mortgages on his house related to it. He ended up selling them for a song around 2010ish when the business went under (if I had know what he was selling them for, even I would have bought them ), and the house went a few years later. Official story was they "sold the house back to the bank, it wasn't a foreclosure"

I bought my house on a short sale. I saw some stuff on FB today that made em wonder.

 

[Ron]

Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify

The consumer price index, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate.

www.cnbc.com

But those are 2021 dollars.
In 2022 dollars everything costs the same

 

[awheelterd]

You'd be surprised. I had a neighbor with a grading company, Cat 953C and mid sized excavator and a few other things, had owned the machines over 10 years, still hadn't paid them off, and had 2 mortgages on his house related to it. He ended up selling them for a song around 2010ish when the business went under (if I had know what he was selling them for, even I would have bought them ), and the house went a few years later. Official story was they "sold the house back to the bank, it wasn't a foreclosure"

Equipment running people seem to love to finance their stuff to the hilt so they "don't have any money in it". That strategy works real good during good times. It all goes back to the dealer in bad times though.


From a food producer inflation standpoint, it hasn't slowed down yet. We had a price increase a month and a half ago, and as of yesterday, our cost increases have eaten into close to half the margins we put in. Another round of increases is in the works for us. We hate having to go up on our customers, but we can't afford to be their buffer against inflation.

 

[ghost]

Equipment running people seem to love to finance their stuff to the hilt so they "don't have any money in it". That strategy works real good during good times. It all goes back to the dealer in bad times though.


From a food producer inflation standpoint, it hasn't slowed down yet. We had a price increase a month and a half ago, and as of yesterday, our cost increases have eaten into close to half the margins we put in. Another round of increases is in the works for us. We hate having to go up on our customers, but we can't afford to be their buffer against inflation.

What you produce? My cost are easily 50% higher then last year and we quit buying alcohol at the grocery store.

 

[NCJeeplover]

we quit buying alcohol at the grocery store

You DID just get back from Harlan, didn't you? Now I know where you get your alcohol....

 

[ghost]

You DID just get back from Harlan, didn't you? Now I know where you get your alcohol....

I was referring to beer and wine. The wife is on a new diet/lifestyle thing and banned it from the house for the most part. So I started trying some of the cheaper bourbons. I was given a mason jar from a friend that came down from Chattanooga.

 

[shawn]

YOY weekly earnings increase 4/21 to 4/22 from BLS:

 

[Bebop]

YOY weekly earnings increase 4/21 to 4/22 from BLS:

View attachment 376969

View attachment 376970

What's the average, weighted by population ?

 

[RatLabGuy]

YOY weekly earnings increase 4/21 to 4/22 from BLS:

View attachment 376969

View attachment 376970

wtf is going on in Greenville? @rockcity hiring everybody?

 

[jeepinmatt]

Having a conversation with my wife...
Me: All money is imaginary value anyway
Her: But all of society agrees to imagine the same thing.


She got me there!

 

[drkelly]

I was talking with a co-worker who has a YJ and is buying a car hauler. I was absolutely shocked at the price of trailers. I bought mine new in 2006 from Kaufman, and I guess I haven't looked at prices in many years. With removable fenders and spare tire and wheel, my trailer would be about $5k today. Crazy.

 

[CarolinaHD]

I was talking with a co-worker who has a YJ and is buying a car hauler. I was absolutely shocked at the price of trailers. I bought mine new in 2006 from Kaufman, and I guess I haven't looked at prices in many years. With removable fenders and spare tire and wheel, my trailer would be about $5k today. Crazy.

View attachment 377733

Now compare your cost to what it was in 1990 and is it really that shocking?

I just bought a 7x18 14k trailer from max-built for $5200 otd. Cheapest price I could find and still didn't seem that much. Curious to know what a similar trailer ran pre2020

 

[jeepinmatt]

Now compare your cost to what it was in 1990 and is it really that shocking?

It is.
I bought this exact trailer in June 2020 for $5040 out the door (and that may have included a small fee for relocating the jack):

15000 GVWR Deluxe Diamond Floor Tilt Equipment Trailer

15000 GVWR Deluxe Diamond Floor Tilt Equipment Trailer. Fixed front deck. Rear tilting deck. Load your equipment with no ramps. Call today!

www.kaufmantrailers.com

60% increase in less than 2 years.

 

[drkelly]

Now compare your cost to what it was in 1990 and is it really that shocking?

I just bought a 7x18 14k trailer from max-built for $5200 otd. Cheapest price I could find and still didn't seem that much. Curious to know what a similar trailer ran pre2020

I have no idea what a car trailer cost in 1990. I think I paid around $2,100 in 2006.

 

[ghost]

It is.
I bought this exact trailer in June 2020 for $5040 out the door (and that may have included a small fee for relocating the jack):

15000 GVWR Deluxe Diamond Floor Tilt Equipment Trailer

15000 GVWR Deluxe Diamond Floor Tilt Equipment Trailer. Fixed front deck. Rear tilting deck. Load your equipment with no ramps. Call today!

www.kaufmantrailers.com

View attachment 377734


60% increase in less than 2 years.

That is just about exactly what I want. That is pricey!

 

[Ron]

Holy sheeet.

I bought this last year for <$8k

Best Trailers

we are best trailers and supply and specialize in your trailer needs be it sales or repairs and service work, we carry a wide range of trailer encluding covered wagon trailer, down to earth and aluma trailers

besttrailers4u.com

Now over $10k.
Sell and profit but...then what

 

[DSM Turbos]

Holy sheeet.

I bought this last year for <$8k

Best Trailers

we are best trailers and supply and specialize in your trailer needs be it sales or repairs and service work, we carry a wide range of trailer encluding covered wagon trailer, down to earth and aluma trailers

besttrailers4u.com

Now over $10k.
Sell and profit but...then what

Same thing I think about with selling my car, bought almost 3 years brand new. Could sell it for what I paid or probably 1-3k more than I paid for.

but then what.

 

[Andy J.]

My wife spent $4 on a QUART of milk. At least it was “Bobby approved” *sarcasm*

If I ever meet this Bobby guy in the street…

*not sure if this belongs in the inflation or the things that suck ass thread