Quote:
Originally Posted by PaceAdvantage
report was worse then feared...which is kinda shocking considering... 
How can ANYTHING surprise this market to the downside? |
This market needs a reality check. Still not even close to the appropriate drop in prices that would align it with reality.
The inflation horse is out of the barn. The issue now is that all businesses have begun raising their prices regardless of input costs. So even if the price of gas or lumber drops now it won’t matter because every Tom Dick & Harry is raising his prices to keep up. It’s not a supply chain or commodities issue anymore. It’s more widespread and thus much harder to stop.
I suspect shit is even worse than we are being told, as any statistics that can be withheld or altered ahead of November will be
