$SPDR S&P 500 ETF (SPY.US)$ Do I believe that we have an inf...
$SPDR S&P 500 ETF(SPY.US$ Do I believe that we have an inflation problem? We just had our natural gas furnace go out in our house. Called a heating contractor to give us a repair estimate. It's the same contractor with which we have built a good rapport, because he is the one who provides our yearly service/tuneups.
Now, it turns out that the control board (CCA) has a problem, and is often the case, they don't have the means to repair it, so it would have to be replaced. Because of age and the cost of the board, we opted for an upgrade/full furnace replacement.
Then comes the quote.
He said that he usually gets one price increase at the first of the year, but THIS YEAR HE HAD 5 INCREASES FROM THE MANUFACTURER.
I could cite a dozen similar examples we have dealt with recently.
Yeah, I think we have a serious inflation problem.
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Robbie Showen : Price will not increase if people decides to slow down the purchasing. When demand is increased suddenly, prices will shoot up. Let recession sink in when these same contractors will be begging for customers. I see that all of sudden people are buying food stuffs as if they have never eated in years.
TCFIT_365 Robbie Showen: Exactly he should not repair his furnace and go without heat. All his pipes will freeze and then burst causing tens of thousands of dollars of damage, but it will be worth it.