Went to our local Lowes/Home Depot yesterday to purchase a gallon of mineral spirits and lacquer thinner, WOW! what sticker shock MS= $8/gal LT= $13/gal, I bought last year at MS=$4, LT=$8. That's not all of it, went to Sams and again was hit with SS, fish has gone up 50% since one month ago, toilet paper seems to rise every trip to Sams at the tune of $1/bundle.
It's called capitalism. :)
Dave
Seeker lamented: Went to our local Lowes/Home Depot yesterday to purchase a gallon of mineral spirits and lacquer thinner, WOW! what sticker shock MS= $8/gal LT= $13/gal, I bought last year at MS=$4, LT=$8. That's not all of it, went to Sams and again was hit with SS, fish has gone up 50% since one month ago, toilet paper seems to rise every trip to Sams at the tune of $1/bundle.
Have you noticed what the price of diesel fuel has gone up to? Yesterday I saw it at $2.97/gal. Thats the fuel the trucks and trains use to bring you all those goods. And it ain't getting cheaper...
They're called petroleum products.
Bought some for the tractor this morning. Thankfully, it's a lot cheaper here, especially in OTR.
"What the market will bear." And, if you've paid those prices, you've reinforced their justification to sell at those prices. Tom
Can't help you with LT but buy paint thinner instead of mineral spirits...it's about half (or less) the price of MS where I am.
As for inflation in general, you can thank the federal government for that...dollars no longer have any backing (FDR removed gold, Nixon removed silver), feds can print as much as they want, feds are world's biggest debtors, inflation is good for debtors because payback is with still cheaper dollars. Look forward to $20 McDonald's hamburgers...
It's called ' a population being harvested for their money'. IOW, screwed out of their earnings..aside from tax.
It's called making sure the petroleum products stay 'controlled' in production by invading an oil-producing country which was threatening to sell lots of oil, cheap, for Euros. Oil companies want it that way...that is... if you want their campaign contributions....
Where are you that diesel is up to $2.97 a gallon? $2.53 here in Minnesota and our diesel prices have been pretty high compared to the rest of the USA for the past six months.
They say high cost of oil has made gasoline prices skyrocket the last few weeks, but oil prices haven't gone up as much as gasoline has.
Brian Elfert
All controlled by the Trilateral Commission. Or is it the Illuminati? Sorry, I'm a little behind on current kook theory. Why would it have been in Iraq's interest to sell at below the going rate? And wasn't Iraq still under UN sanctions on sale of oil at the time of the start of hostilities? Not counting the UN oil-for-bribes program, of course. You're sure it couldn't be that a) the supply of petroleum is finite and b) worldwide demand is increasing?
todd
The dollar is the de facto world reserve currency, the more dollars there are circulating outside the US, or invested by foreign owners in American assets, the more the rest of the world has to provide the US with goods and services in exchange for these dollars.
If OPEC or Iraq were to decide to only accept euros for its oil then American economic dominance would be over. Not only would Europe not need as many dollars anymore, but Japan which imports over 80% of its oil from the Middle East, not to mention China, would think it wise to convert a large portion of its dollar assets to euro assets. America itself would also have to invest heavily in Euros in order to purchase oil.
Of course you'll never trouble the conspiracy theorists with reality, but we import most of our oil from our hemisphere, or Africa....
Think that would devalue the dollar enough to make use competitive again?
I remember 12 cent burgers and seven cent fries. No wonder my kids call me old....
This is the must absurd thing I have ever heard...... the US doesn't even get the majority of it's oil from the Middle East.
Who we buy our oil from isn't really important. The reason other countries choose to save in dollars, to a far greater extent than in any other currency, is very much influenced by the fact that oil is sold in dollars. I'm no conspiracy nut, I'm really not sure what the underlying reasons for going to war were but I'll be glad when it's over.
To say that it isn't important in what denomination the most important commodity is traded in is simply not true though. Anyway, as you were, this is a woodworking group after all :)
If the Cost of Living is only going up 3-4% annually tell me where the products are that are dropping drastically in price so that that kind of average can be true. In my life the cost of fuel and hospitalization are major fixed expenses. They've been rising more like 3-4% biweekly!
TomNie
Computers, electronics, appliances, are all dropping in price.
Chris
That's the CORE inflation rate. It excludes both food and energy costs.
-Doug
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Woodworking equipment is going up, up, up. Compare prices in LV catalogs from the past few years. check the prices on the planes. At the rate they are going up, a little apron plane is gonna cost $150 soon.
Dave
I can see that an intelligent discussion with you is highly unlikely.
The finger points at those who profit most. It always does.
But I suppose you have your own ideas why Iraq was invaded? Please don't share them... I've heard them already.
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