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We've had housing booms prior.....plywood did not rise 252%....next.....
Yes, plywood prices have indeed shot up by large percentages in prior housing booms. Below is a link to plywood prices going back to 1991: https://www.indexmundi.com/commoditi...ood&months=360
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Notice the huge jumps in 1992-93 and 2005-06. Both of those occurred during housing booms.
I told you the other day that CEO confidence was the highest in 17 years. Projections of GDP growth in 2021 and even into 2022 confirm the reason for that optimism. While it's early and these projections will certainly change, as of right now there is a lot of reason for optimism.
Unless, of course, you're a Biden-hating conservative.
You keep posting these annoying and generally uninformative and useless threads. Economists always make these sorts of predictions about "growth expectations" and they always, almost without fail prove to be wrong. Partly because nobody can predict the future but also because they in general have no idea what they're talking about and no idea what people in general are dealing with on the ground. Moreover these claims are based on stupid reasons like the US housing bubble (which is wrecking home affordability and is a completely fraudulent way of calculating economic value and growth), on dumb Fed policy and Federal Reserve quantitative easing and zero short term interest rates (which is just causing inflation, rising long term interest rates and wrecking value of the dollar) and on assumption of basically unlimited stimulus from the federal government and state governments every couple months, which is unsustainable and just leading to record deficits and national debt. The only reason the US economy grew at all in Q1 of 2021 was due to the massive record stimulus, the checks and other things, almost $3 trillion when consider the March stimulus and the one at end of December on top of the other stimulus before. And yet even then the economy only gained a meager 1.6% with all that free money pumped in. We're not Trumpers, we had the same criticisms of economists when Trump was in office, but this course is clearly unsustainable.
I've always found hilarious how economics profession looks at rising prices of things like lumber, plywood, homes in general, healthcare, student loans and college tuition, gas and food and says "wow, look at that economic growth, price is rising!". As if a small cramped one-bedroom at an overpriced $600,000 is worth more than the same one at half that price a couple years ago. Somehow inflation is "good" for growth. It's just plain stupidity. China is already by far the world's largest economy when they look at purchasing parity because the Chinese yuan currency has more purchasing power-- you can get a lot more at lower prices. The only "growth advantage" the USA has had is in inflation, which in reality means the US dollar is worth less and less every year due to all this stupid monetary policy and fiscal "stimulus" which simply means our paycheck and savings paid in dollars are increasingly worthless. Somehow the Federal Reserve and US Congress got the idea that Weimar Germany and Zimbabwe were the models to follow, so hyperinflation here we come. Soon we'll have to pack two sacks of dollars into a wheelbarrow to buy a hamburger. I guess then the economists will scream in delight at all the "economic growth" this is somehow supposed to indicate.
You keep posting these annoying and generally uninformative and useless threads...
Once again, see post #3.
This time around, they are only annoying and useless to Trumpers who are angry and frustrated that the economy is not only not crashing under Biden, which is what they expected, but is in fact booming, which is what they most certainly did NOT expect!
Quote:
Economists always make these sorts of predictions about "growth expectations" and they always, almost without fail prove to be wrong.
Sometimes they are right. This thread can be a good way to keep track of whether or not they will be this time.
Quote:
We're not Trumpers, we had the same criticisms of economists when Trump was in office, but this course is clearly unsustainable.
When Trump was in office, Trumpers here were broadcasting projections and predictions of economic booms all over this forum. So, once again, see post #3.
You keep posting these annoying and generally uninformative and useless threads. Economists always make these sorts of predictions about "growth expectations" and they always, almost without fail prove to be wrong. Partly because nobody can predict the future but also because they in general have no idea what they're talking about and no idea what people in general are dealing with on the ground. Moreover these claims are based on stupid reasons like the US housing bubble (which is wrecking home affordability and is a completely fraudulent way of calculating economic value and growth), on dumb Fed policy and Federal Reserve quantitative easing and zero short term interest rates (which is just causing inflation, rising long term interest rates and wrecking value of the dollar) and on assumption of basically unlimited stimulus from the federal government and state governments every couple months, which is unsustainable and just leading to record deficits and national debt. The only reason the US economy grew at all in Q1 of 2021 was due to the massive record stimulus, the checks and other things, almost $3 trillion when consider the March stimulus and the one at end of December on top of the other stimulus before. And yet even then the economy only gained a meager 1.6% with all that free money pumped in. We're not Trumpers, we had the same criticisms of economists when Trump was in office, but this course is clearly unsustainable.
But we recorded another record high trade deficit with China yet again! So our stimulus just bought a bunch of Chinese crap and that was that.
I work in construction management, lots of projects are being postponed or cancelled due to severe material escalation. Its easy to see there is another housing bubble, 95% of the population in my city can't afford the average listed home price. Its not sustainable, and I think things are going to flop hard in Q4.
Now you're just cherry picking. The funny thing is others can just find links for economic data which says the opposite of all your over-hyped claims, for example record trade deficit and falling USA trade surplus https://www.census.gov/foreign-trade...ase/index.html
Not to mention virtually everything you've claimed here is based on hot air, and rising inflation which is not an economic good no matter what stupid games economists try to play with the definition. Take a hint, if you want to help your cause your best move would be to stop posting these dumb threads, you're not doing yourself any favors and with each post you sound more and more desperate.
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