Ammo, Guns and Trucks

[alfsauve]

A younger friend posted a meme about how this is what it must have felt like to be an adult through the Carter era.  I commented that one result of Carter's policies was inflation and high interest rates.   Now I just saw an article about metal prices soring.  And while I'd like lower prices on drugs (heck on everything) government price fixing is only going to bring a disaster.   

Despite the effort by USPSA and CH Precision to drive down 9mm prices (1,000rds Fed 115gr $355), I've got this sinking feeling that things are NOT going to get better for ammo. 

Inflation, product shortages, mis-management of world affairs, messing with the economy, trillion dollar spending and general insecurities, especially regarding crime,  I think rather than wait, it might be prudent to restock now.   Yes, overpay for ammo rather than wait for prices that may never come down.  Fill any empty voids in the safe.  And trade up the clunker while it's even possible.

Anybody else?

[tombogan03884]

Agree completely.
Just saw a flier from Classic,
5.56, 300 Blk, 9mm,
All foreign made, but it's there.

[billt]

Once started, inflation has NEVER been stopped. Slowed perhaps, but never stopped. It can be easily triggered to accelerate at a runaway pace. Both Biden and Carter wrote the book on this. In less than 6 months Biden has had inflation take a running start like a Top Fuel Dragster.

It's much like one of those 10,000 meter speed skating events. Everyone is watching everyone. Then one breaks from the pack, and the race is on. They never finish any faster. They just get more tired doing it. Inflation is much the same.

Under Biden everything from ammunition, to lumber, to gasoline, and even bacon have been seriously hit, and has taken off in price. Some items have over tripled in price. And I agree, it's only going to get worse. Housing is presently going insane. Many homes have increased in price as much as 70% in less than 2 years.... And according to every real estate source I've looked at, there is no end in sight. Homes are selling in a few days for well over asking price. Many being driven well over their established value by, "bidding wars".

And you can only blame so much of this on Covid. It has caused some shortages down the line, but nothing to cause the runaway prices, and shortages were seeing on many items. I think this is going to get worse than the Carter years. Much worse. Mostly because the Democrats WANT this. They enjoy crises. It allows them to become more powerful as a direct result. Rahm Emmanuel said that very thing. Probably the only time a Democrat has spoken so truthfully, so eloquently. 

[crusader rabbit]

Yes, housing is insane.  My sister in Mesa, AZ just sold her house.  Her agent priced it at the high end and put up a "watch this space" sign.  The following Friday it was scheduled to be officially listed, but it already had a number of offers, all over the asking price, and several were all cash.  All were site unseen.  Crazy.

Machiavelli held forth that Profit breeds competition;  Excess profit breeds ruinous competition.

Boiled down to its essentials, if investors see another business making a fair profit, it's an enticement for at least some of those investors to enter the same business as competition.  Reasonable.  When investors see egregious profits, it's an enticement for many investors to enter the same field.  The excessive competition that develops causes prices to collapse and businesses to fail--both old and established businesses, and the johnny-come-lately businesses.

In the ammunition manufacture scene, we are in the early phase of unrealistic profits. 

It doesn't cost Remington or Federal any more to make ammo now than it did a year or two ago.  But their margins have increased exponentially.  And now we are seeing an influx of ammo from Bulgaria, Russia, and other turd-world countries.  Prices have come down for many of these foreign made calibers.

The excessive competition that will fuel the collapse is not really here, yet.  But it's coming. The slowdown has been caused by the relative difficulty and expense of building an ammo plant.

As the hurricane said to the coconut palm, hold onto your nuts; this is going to be one helluva blowjob.

Crusader Rabbit

[tombogan03884]

Same here.
The list price for a house is just the start point for the bidding war.

[Sponsor]

[TAB]

Housing is nuts, I kid you not the day we broke ground i got almost 500 calls from people interested.   I don't even have the 1st basement dug and I have people wanting to give me cash deposits.

I have told every one we will not be taking deposits/ orders until the models are done.  I can put you on a list to call with a 2 week heads up.  That list is already 200+   and more are adding too it every day. 

Not surprisingly  the idea of ada compliant housing was very popular.  There is also the fact that I can get people in 6 months earlier than every one else.  I am having to import labor as construction workers here are in a word slow. The average on site time here is 90 days, it should be in the 60s.

[billt]

Housing is nuts, I kid you not the day we broke ground i got almost 500 calls from people interested.   I don't even have the 1st basement dug and I have people wanting to give me cash deposits.

I wonder where all this money is coming from? During the 2008 crash most everything was borrowed. People didn't care, because it wasn't their money in the first place. That doesn't appear to be the case this time around. And usually people with money are a bit more settled, and don't tend to run with the sheep.

[tombogan03884]

.  I am having to import labor as construction workers here are in a word slow. The average on site time here is 90 days, it should be in the 60s.

Import Yankees.
The things that make Massholes so annoying also make them good workers.

[TAB]

I wonder where all this money is coming from? During the 2008 crash most everything was borrowed. People didn't care, because it wasn't their money in the first place. That doesn't appear to be the case this time around. And usually people with money are a bit more settled, and don't tend to run with the sheep.

people bailing out of liberal areas

[billt]

people bailing out of liberal areas

That could very well be. An old co worker of mine from back in Chicago has a nice 2,400 Sq. Ft. split level home, on a half acre lot, right across from the Medinah Country Club. It's worth less than my 1,475 Sq. Ft. slab home. But that's Illinois, (people leaving left and right with property taxes in the stratosphere), compared to Arizona, (people moving in at the rate of over 300 people per day).