Max and Stacy look at companies starting to protect their balance sheets from the melting ice cube of excessive money printing.............
Max and Stacy look at companies starting to protect their balance sheets from the melting ice cube of excessive money printing.............
My prediction for the year is 20% inflation.
We are actually getting rid of mostly larger customers where margins are poor. Why? We cannot get workers. We had to change the operating model. Our price increases for the year are already about 10% and we are only quoting out 3 months. Some of our suppliers are now just telling us to call them for a price when we need something. That is forcing us to double raw material inventory and tighten up on late paying accounts.
It is starting to feel more like 2009. But this is caused by government this time.
Ive noticed cost of living price rises here also , but not to that degree yet . The fiat currency is becoming the driver of it . My own prices will rise by 10% in the new financial year (but they're long overdue anyway ) . When commodities go up , manufacturers have no choice but to follow suit . Depends on what you make , I guess . I will accept bitcoin payment gladly.
Last edited by PJL; 05-04-2021 at 09:13 AM.
I guess I should correct my statement.
Government also caused the Housing Bubble that crashed the economy in 2009.
RMNIXON (05-04-2021)
CA Minimum Wage went up another dollar this year heading for $15.00 in 2023. Another burden for the struggling small business as we try and recover.
And it won't be long before Inflation eats that up and a lot more.
Gas is already well over $4.00 a gallon here. In part because we have to have a special formula nobody else makes so we are in constant short supply and any problems knocks the price up!
Last edited by PJL; 05-07-2021 at 02:27 AM.