01 to now wages are not up. In fact they are down.
But yea those extra pesky 40 lbs … I get that analogy.
You also are dealing with a sticky on the way down scenario for most of industrial raw materials. wood, steel etc. Corn has a new demand situation with ethanol as its driving force.
We also are in a housing market that isn’t certain the gig is up. So we will have to wait and see truly where it ends up.
That house buiders labor force and REIT has gotten fat and we’ll soon see that disappear with the wage levels taking another hit. Inflation may have been a factor 01-02-03 but after that its not only down, its pretty much wiped out the gains from 01-02. Look at rents and look and costs of essentials and always they exclude energy because that is influenced by too many externals. I will also exclude the part of energy that is added on to transportation costs of those essentials. And wait for 06 or better yet 07 numbers to come out after housing has taken the hit we all know is comming. Like I said, we have built needless houses spent fuel dragging things here to there and heloced those houses out the wazoo, and bought needless hummers and and pumped up the market for everything. Wait and see how it unfurls.
Cool.
Cow_tipping.
