DEFLATION: Comin-in strong

[LEP]

2023 DT620 prices out @ $ 1,046,000
Cash price $995,000

Or you could wait a couple years and buy it at auction for 60% of that.

[Sodbuster]

Used to be about 20% to 30% discount for cash, no trade in. We bought a drill just over a year ago and discounts were over 30%. Have things changed that much in the last year or so? I think I liked $12 canola better than $20 canola, we have a huge target 🎯 on our backs now, and not seeing the end of this yet.

[errolanderson]

Deflation hitting hard . . . . Some analysts suggest 60% of the components of the Producer Price Index (PPI) are now in-deflation. Central bankers lost sheep preparing to hike rates again in the battel against inflation. Then the silence into late winter will be deafening, as the economy rolls over . . . .

[Hamloc]

Deflation hitting hard . . . . Some analysts suggest 60% of the components of the Producer Price Index (PPI) are now in-deflation. Central bankers lost sheep preparing to hike rates again in the battel against inflation. Then the silence into late winter will be deafening, as the economy rolls over . . . .

Errol prices of certain commodities like grain, fertilizer, gasoline have moderated, some more than others. Diesel is still expensive. Equipment still through the roof, as are parts. Have you went shopping for a new vehicle lately? Prices are nuts. Neighbour came for a coffee, he said his natural gas and electricity bill for December was $900. I almost s##t, he lives in a small house with a 600 sq. Ft work shop. Food prices still going up. April 1 carbon tax goes up 30%. Sorry not seeing this deflation!!

[furrowtickler]

Errol prices of certain commodities like grain, fertilizer, gasoline have moderated, some more than others. Diesel is still expensive. Equipment still through the roof, as are parts. Have you went shopping for a new vehicle lately? Prices are nuts. Neighbour came for a coffee, he said his natural gas and electricity bill for December was $900. I almost s##t, he lives in a small house with a 600 sq. Ft work shop. Food prices still going up. April 1 carbon tax goes up 30%. Sorry not seeing this deflation!!

Not in real life day to day living expenses, which is what is killing the the middle and lower class

[Landdownunder]

Hmmm im gonna ponder over that sodbuster. Thought provoking comment.

" I think I liked $12 canola better than $20 canola"

[errolanderson]

Not in real life day to day living expenses, which is what is killing the the middle and lower class

Central bank rate hikes are killing the middle class. This is a historic debt crisis . . . . .

[biglentil]

Six reasons the CPI will continue to rip. (Inflation is the expansion of money supply currently well into double digits)

1. The CCP has abandoned covid zero and China is once again open for business. Things look very much like 2009, one of the greatest rallies in commodities we have seen happened in the 3 years after the 2008 great financial crisis.

2. Russia and Iran just announced a partnership to roll out a gold backed currency.

3. The Saudis just announced that they will trade oil in currencies outside the USD for the first time in 50 years. The dawn of the petro yuan.

4. The Bank of Japan has lost control of their bond market. They BOJ itself had to buy over 50% of their own bonds at the latest auction and yields are creeping up. What we are witnessing is the failure of MMT in progress. The collateral default swaps are many many fold larger than those that brought about the 2008 great financial crisis.

5. Then we have the ESG policies and the Green New Deal. Spending of 100's of billions to destroy real productivity.

6. WAR the proxy war that is occurring in Ukraine is ramping up. War drives inflation like nothing else, demand rockets higher all while the supply side is damaged.

[V Belt]

Or you could wait a couple years and buy it at auction for 60% of that.

Talked to Versi dealer yesterday at Ag Days in Brandon. Said 1 mil is full retail. Cash price about $720K.

[ajl]

Six reasons the CPI will continue to rip. (Inflation is the expansion of money supply currently well into double digits)

1. The CCP has abandoned covid zero and China is once again open for business. Things look very much like 2009, one of the greatest rallies in commodities we have seen happened in the 3 years after the 2008 great financial crisis.

2. Russia and Iran just announced a partnership to roll out a gold backed currency.

3. The Saudis just announced that they will trade oil in currencies outside the USD for the first time in 50 years. The dawn of the petro yuan.

4. The Bank of Japan has lost control of their bond market. They BOJ itself had to buy over 50% of their own bonds at the latest auction and yields are creeping up. What we are witnessing is the failure of MMT in progress. The collateral default swaps are many many fold larger than those that brought about the 2008 great financial crisis.

5. Then we have the ESG policies and the Green New Deal. Spending of 100's of billions to destroy real productivity.

6. WAR the proxy war that is occurring in Ukraine is ramping up. War drives inflation like nothing else, demand rockets higher all while the supply side is damaged.

And despite all this we have deflation which means the greater depression is at hand. Don't believe: try selling some grain today. Been shopping for another pickup recently. Dealer lots are full of half tons. Prices are slowly coming down on both new and used.

[biglentil]

And despite all this we have deflation which means the greater depression is at hand. Don't believe: try selling some grain today. Been shopping for another pickup recently. Dealer lots are full of half tons. Prices are slowly coming down on both new and used.

The middle class is being squished no doubt there will be an oversupply of luxury items. For most an $85000 pickup is a luxury item. Mcmansions are also suffering I just read an article stating that new home cancelations are higher now in some regions than the 2008 housing debacle. Grocery store prices sky high, energy is high, cost of living is not improving. Real deflation hasnt been seen since the early 30's, in which cpi actually went negative, but once again all the pundits claim its just around the corner.

[errolanderson]

Retail food prices are starting to come down as the 'right-to-gouge factor' promoted by media banging the inflation drum starts to wear thin with the public. Food retailers have been glowing in margins. But even egg prices will crack and the market will eventually get scrambled.

Has anyone heard a media story about the plunge in natural gas? Last heard, nat gas price were skyrocketing. But energy stories now oddly quiet, silence in-fact. Guess falling prices doesn't make for fine news.

Media reporting and credibility has never been worse in my career . . . .

[Rareearth]

Egg prices = Bird flu

Record barn culling, expect this spring to be sever in north america = high egg prices
Not inflation , not war, not crude oil, etc

[J88]

Deflation Coming in Strong

I find whether the News Stories or the You Tubers I turn the volume off and read the the boots on the ground comments at the bottom (but be aware of the scammers too). That tells me what is happening up to date. The Main Stream News is weeks behind in what is really going on or just won’t admit it until it is too late.

[biglentil]

Quiz: What happened in the early 70's that could have lead to such inflation?