Lumber Prices Collapse 40% in June.

[Synthaholic]

In a pathetic attempt to attack Biden, trumpers have been crying about an increase in lumber, trying to blame Biden for the increase.

So I've seen...

Lumber prices are getting absurd!

Last year I was paying under 3.00 per 2x4 Last week I paid just over 6.00 per 2x4 Just now I paid 7.45 per 2x4 What the literal ****

www.usmessageboard.com

Grampa Murked U

 

[Yarddog]

Because inflation is transitory

Why do you feel it is transitory?

cause we end up living under a bridge with a shopping cart

 

[Lesh]

So lumber prices go up and it's Biden's fault

Lumber prices come down ...Biden has nothing to do with it.

Welcome to conservative/Trumper/Republican logic

 

[Yarddog]

So lumber prices go up and it's Biden's fault

Lumber prices come down ...Biden has nothing to do with it.

Welcome to conservative/Trumper/Republican logic

I don't think it was ever Biden's fault directly. It was mostly the effects of the collective shutdown across the country, but higher fuel costs sure doesn't help either as well as some inflation. I think its a few factors. I think that the real inflation to come hasnt even been seen yet, though I simply bought a cheese burger with bacon on it the other day at Nation's and it was $9 for that alone.
looks like some inflation to me.

 

[Vel]

Bless. When lumber prices get anywhere close to where they were when that demented moron was installed, let us know. We're supposed to celebrate prices that are still double what they were a few months ago? Woohoo!

 

[Thinker101]

In a pathetic attempt to attack Biden, trumpers have been crying about an increase in lumber, trying to blame Biden for the increase.

Because inflation is transitory lumber prices have imploded. Prices were in a bubble and now they have corrected dropping massively.

Biden's economy is so strong and will not be derailed by lumber.

In 2022 inflation will be a nonissue and the economy will still be booming like never before.

I predict Biden will have the best first 24 months in US history.

Lumber prices dive more than 40% in June, biggest monthly drop on record

Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back to 1978.

www.cnbc.com

Planned increases in supply are the primary reasons why lumber futures are dropping. However, “futures” are speculation about market prices in the future and do not mean current lower retail prices, but hey, don't let me spoil your dog and pony show.

 

[Oldestyle]

In a pathetic attempt to attack Biden, trumpers have been crying about an increase in lumber, trying to blame Biden for the increase.

Because inflation is transitory lumber prices have imploded. Prices were in a bubble and now they have corrected dropping massively.

Biden's economy is so strong and will not be derailed by lumber.

In 2022 inflation will be a nonissue and the economy will still be booming like never before.

I predict Biden will have the best first 24 months in US history.

Lumber prices dive more than 40% in June, biggest monthly drop on record

Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back to 1978.

www.cnbc.com

You didn't read the whole article...did you, Banker? I suggest you go and do so now.

 

[WTH_Progs?]

In a pathetic attempt to attack Biden, trumpers have been crying about an increase in lumber, trying to blame Biden for the increase.

Because inflation is transitory lumber prices have imploded. Prices were in a bubble and now they have corrected dropping massively.

Biden's economy is so strong and will not be derailed by lumber.

In 2022 inflation will be a nonissue and the economy will still be booming like never before.

I predict Biden will have the best first 24 months in US history.

Lumber prices dive more than 40% in June, biggest monthly drop on record

Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back to 1978.

www.cnbc.com

"While lumber costs are headed down, builders are also dealing with higher costs of other building materials, as well as higher costs of labor."

"Annual inflation rate in the US accelerated to 5% in May of 2021 from 4.2% in April and above market forecasts of 4.7%. It is the highest reading since August of 2008"

Here you go Banker, be sure to grasp the bottom: Data politicians and their support groups don't want you to know - Specifically, the Democrats

 

[Obiwan]

Before you celebrate us only having to pay double what we were paying for lumber a year ago, maybe you should read this....

IMF economist: Biden’s policies to turn U.S. into Latin American-style economy

A rising number of economist have warned Joe Biden's policies could turn the U.S. into a Latin American type of economy. On Monday, Former International Monetary Fund Deputy Director Desmond Lachman said Biden's inflation, money printing and high government spending posed a problem for the U.S...

www.oann.com

 

[Dragonlady]

Gas is still near $4.00 in many places around the country.

Groceries are still through the roof.

The prices for used cars are bordering the absurd.

Nice try at the cherry pick, Karl.

Watch gas prices collapse this week now that the July 4 holiday is over with.

 

[Mac1958]

In a pathetic attempt to attack Biden, trumpers have been crying about an increase in lumber, trying to blame Biden for the increase.

Because inflation is transitory lumber prices have imploded. Prices were in a bubble and now they have corrected dropping massively.

Biden's economy is so strong and will not be derailed by lumber.

In 2022 inflation will be a nonissue and the economy will still be booming like never before.

I predict Biden will have the best first 24 months in US history.

Lumber prices dive more than 40% in June, biggest monthly drop on record

Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back to 1978.

www.cnbc.com

Supply chains are being fixed. They're not fixed completely yet, but they're getting there. Demand may be slowing a bit.

Trumpsters saw a problem and pointed the finger, like Pavlov's Dogs. They have zero (0) idea what caused the inflation, and they don't care.

Blatant, arrogant ignorance: The Trumpian way.

 

[Aldo Raine]

Lesh
$2.88 seems to be the average in Akron, Ohio right now.
MAGA

 

[sparky]

The great lumber bubble of 2021 has popped.

not on my turf

~S~

 

[CowboyTed]

In a pathetic attempt to attack Biden, trumpers have been crying about an increase in lumber, trying to blame Biden for the increase.

Because inflation is transitory lumber prices have imploded. Prices were in a bubble and now they have corrected dropping massively.

Biden's economy is so strong and will not be derailed by lumber.

In 2022 inflation will be a nonissue and the economy will still be booming like never before.

I predict Biden will have the best first 24 months in US history.

Lumber prices dive more than 40% in June, biggest monthly drop on record

Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back to 1978.

www.cnbc.com

Cupcake what good do futures do the person buying physical wood at the lumber yard today and tomorrow?

TIA!

Shows it was a temporary supply and demand issue. If it was inflation it would not come down..

Don't worry the Trumpsters will move on to another topic and proclaim it is the end of the world because Peanut butter has less peanuts because of Biden...

As for the Stock Market... Trump tried to take credit for it, it was stupid... The President has limited influence in the Stock Market and it doesn't really show how the whole economy is doing...

Gas Prices are set by global pricing which has way more to do with OPEC (which are having a big fight at the moment) than the President... OPEC is a cartel which sets the price of Oil globally, no amount of drilling in US is going to have much of an effect..

 

[Rocko]

Yeah just because the guy you like is in power doesn’t mean you’re capable of predicting commodity prices. Some of the responses to this thread are hysterical

 

[Remodeling Maidiac]

In a pathetic attempt to attack Biden, trumpers have been crying about an increase in lumber, trying to blame Biden for the increase.

So I've seen...

Lumber prices are getting absurd!

Last year I was paying under 3.00 per 2x4 Last week I paid just over 6.00 per 2x4 Just now I paid 7.45 per 2x4 What the literal ****

www.usmessageboard.com

Grampa Murked U

Lumber is still absurdly high

 

[Toddsterpatriot]

Trumpsters saw a problem and pointed the finger, like Pavlov's Dogs.

That's outrageous!!!

Only Dems are allowed to do that.

 

[Mac1958]

Trumpsters saw a problem and pointed the finger, like Pavlov's Dogs.

That's outrageous!!!
Only Dems are allowed to do that.

I'm glad you agree with my post.

 

[Oldestyle]

In a pathetic attempt to attack Biden, trumpers have been crying about an increase in lumber, trying to blame Biden for the increase.

Because inflation is transitory lumber prices have imploded. Prices were in a bubble and now they have corrected dropping massively.

Biden's economy is so strong and will not be derailed by lumber.

In 2022 inflation will be a nonissue and the economy will still be booming like never before.

I predict Biden will have the best first 24 months in US history.

Lumber prices dive more than 40% in June, biggest monthly drop on record

Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back to 1978.

www.cnbc.com

Supply chains are being fixed. They're not fixed completely yet, but they're getting there. Demand may be slowing a bit.

Trumpsters saw a problem and pointed the finger, like Pavlov's Dogs. They have zero (0) idea what caused the inflation, and they don't care.

Blatant, arrogant ignorance: The Trumpian way.

Anyone that took Econ 101 understands what causes inflation, Mac! When you flood an economy with money it generally creates more demand for fewer goods and services which in turn creates inflation. It isn't rocket science.

 

[Mac1958]

In a pathetic attempt to attack Biden, trumpers have been crying about an increase in lumber, trying to blame Biden for the increase.

Because inflation is transitory lumber prices have imploded. Prices were in a bubble and now they have corrected dropping massively.

Biden's economy is so strong and will not be derailed by lumber.

In 2022 inflation will be a nonissue and the economy will still be booming like never before.

I predict Biden will have the best first 24 months in US history.

Lumber prices dive more than 40% in June, biggest monthly drop on record

Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back to 1978.

www.cnbc.com

Supply chains are being fixed. They're not fixed completely yet, but they're getting there. Demand may be slowing a bit.

Trumpsters saw a problem and pointed the finger, like Pavlov's Dogs. They have zero (0) idea what caused the inflation, and they don't care.

Blatant, arrogant ignorance: The Trumpian way.

Anyone that took Econ 101 understands what causes inflation, Mac! When you flood an economy with money it generally creates more demand for fewer goods and services which in turn creates inflation. It isn't rocket science.

Nice example of my point.