Skip to comments.Construction Materials Prices Up Again in May
Posted on 06/16/2010 11:38:48 AM PDT by Military family member
For the seventh month in a row, the price of construction materials and supplies increased in May, rising 0.7 percent, according to the June 16 producer price index report by the U.S. Labor Department. Prices are 5.9 percent higher from May 2009. (See Analysis below)
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Only, no one is building much of anything. Hmmmmmmmmmmmm.
Food, energy, health care, construction materials, and gold are all going up in price. Is this showing up in the inflation numbers? If not, why not?
I suspect a lot of companies all the way through the supply chain are out of business. Now it’s down to the few players and they are charging what they have to to meet payroll, taxes, taxes, fines, fees, permits, taxes, fees, inspections, taxes, fees............
This is impossible.
Helicopter Ben has assured us TIME AFTER TIME that massive monetary expansion will not cause price bubbles.
It must be increased demand for housing materials.....right? Are we building more houses? No?
What else makes prices go up? Reduced supply? Is the Canadian chainsaw down for maintenance? No?
Gee, it couldn’t be that excessive money supply makes suppliers wary of your crappy currency and demand more of it. That is impossible. Helicopter Ben tells us so.
Chinese labor and real estate markets also cannot be bubbles caused by excess money supply. Helicopter Ben tells us so.