Because theres some antagonism and because incomes in china have now match those of you the u. S. That ability to hide the Money Printing through the Labor Strength of china has gone so now youve got prices going up for real for stuff like lumber and thats not if the fed says its transitory. Im here to say thats a categorically a lie. Unless unless globalization picks up again unless China And America start singing kumbaya together and everything is all katie now jakey jakey that could. Well remember we were covering in the last episode like the boom in g. D. P. And consumption was a fight that you have to factor in these costs like inflation has also baked into there so if house prices are up 36000. 00 if thats over 15 percent you know thats also factored into those numbers so youre starting to see all that inflation and all of the numbers and its not just lumber as they point out prices of gypsum which is drywall are up nearly 7 percent for me ergo Steel Mill Product prices are at a
2021 and its showing up because one of the primary reasons for getting inflation here is the Degree Level is ation that has put America And China on an antagonistic Footing Weve got a new cold war here and all the benefits that came to the u. S. Economy by shipping all of our jobs over to china. It has now been used up right so now because theres some antagonism and because incomes in china have now match those of use the us. That ability to hide the Money Printing through the Labor Strength of china is gone so now youve got prices going up for real for stuff like lumber and thats not the fed says this transitory attempt im here to say thats a categorically a lie because unless unless globalisation picks up again unless but China And America start singing kumbaya together and everythings all katie now shaky now jakey that. Well remember we were covering in the last episode like the boom in g. D. P. And Consumption And Stuff like that you have to factor in these costs like inflation of
Moratoriums on kicking them out so theyre stuck in there so this shows up in the the supply the actual supply why theres a Record Number of people trying to build new houses because theres a shortage of supply of previously owned homes there is a major shift in the Markets Composition due to the Record Shortage of existing homes available about one in 4 homes for sale are now newly built the highest share ever historically new homes make up just about one in 10 a fierce Buyer Competition is behind that shift prices for a new and existing homes are at record highs for a member when we did our 1st Show of the year we name 3 things for 2021 Degree Level Ization Dollars Ation China fixation now here we are in the 2nd quarter of 2021 and its showing up because one of the primary reasons for getting inflation here is the Degree Level is ation that has put american china on an antagonistic Footing Weve got a new cold war here and all the benefits that came to the u. S. Economy by shipping all
New Data Points to look at soaring a lumber prices at 36000. 00 so the cost of a new home and a fierce landgrab is only making it worse so a lumber prices so far this year since January 1st of 2021 are up 67 percent theyre up 340 percent from a year ago and you know part of the reason well we we have discussed all the Money Printing thats causing inflation on this is part of that but the other part of course is with all the free money and stimulus comes the desire for many to move out of the cities they dont want to be stuck in a turn a pandemic lockdowns going on for the next few years so theres a Land Shortage because. Very few people. Who havent been paying their mortgage for the past here or there rent to the landlord dont and there are moratoriums on kicking them out so theyre stuck in there so this shows up in the the supply the actual supply why theres a Record Number of people trying to build new houses because theres a shortage of supply of previously owned homes there is a ma
Protein products. Stick around a full newscast is coming up in about 60 minutes time but right now it is the Kaiser Report right here on r. G. P. International and sputnik is on the way in the u. K. Stay with us. Fire Max Kaiser this is the Kaiser Report and were going to talk a little bit about plywood. Yes thanks yeah you are certainly d hitting on a topic that is near and dear to many in America And Everybody has been posting their images of Plywood And Lumber and how much it cost them in the shop of costing in member we recently spoke about that on Price Report but here are some new Data Points to look at soaring lumber prices at 36000. 00 so the cost of a new home and a fierce landgrab is only making it worse so a lumber prices so far this year since January 1st of 2021 are up 67 percent theyre up 340 percent from a year ago and you know part of the reason well we we have discussed all the Money Printing thats causing inflation and thats just part of that but the other part of cou