Floyd
Well-Known Member
Rationalization may be essential to mental health but it should not be practiced at the expense of rationality.It's "were", and let me help to educate you beyond just "what you want to believe".
Fuel is up because (thankfully) the virus spread is down and people are going back to work and travelling (causing increased demand). The Colonial pipeline hack (unofficially blessed by our "great guy" Putin because he isn't doing anything to arrest the culprits) didn't help.
Lumber is up because the producers slowed down production expecting a recession which turned out to be shorter than they anticipated. The Trump tariffs/ban (can't remember which) on Canadian lumber didn't help either. They're working to catch up, but it takes a while. Supply and demand forces costs up when supply is limited.
Groceries are up because producers slowed production due to reduced demand from restaurants and bars during the pandemic, not to mention the issues in production and keeping workers safe in tight quarters (like meat packing plants). It's ramping back up, but then you have the JBS hack (by more of our Russian "friends").
Again, correlation not causation. If we're still seeing price increases like this in 6 months, you might have a point. But most economists expect this to be a short-term effect due to supply and demand once supply has a chance to catch up.
Be careful of becoming an apologist for the party line without reasonable examination of motives...
This isn't Groucho... its Karl.
I don't think the "Russians" had anything to do with the Colonial pipeline "hack" or the shutdown of construction of oil field and pipeline development in the U.S. while
endorsing the Russian Pipeline across Europe by the Biden administration.
How about "two weeks to flatten the curve" which turned into literally trillions in irresponsible inflation causing spending while intentionally suppressing the economy.
I wish your Pollyanna trust of the left's motives was rational, but the writing has been on the wall for too long.
As someone a LOT smarter than Biden once cautioned..."Trust, but verify".
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