Re: Whats woth parts prices now days

Posted by kyhayman on October 18, 2007 at 15:46:59 from (205.188.117.74):

In Reply to: Whats woth parts prices now days posted by old on October 18, 2007 at 10:42:48:

Last couple of years we were cheering or cursing the price increases in scrap metal. China was/is buying up record amounts of the stuff. Now we are reaping the rewards as the goods this went into are going up. Add to that the increases in freight and transportation, and the increases in raw materials. Subtract from that the incredible shrinking dollar and what we have is a tremendous price squeeze.

Sorta reminds me of the early 70's.

Lets see, energy price spikes
Record high commodoty prices
Soaring land values
Record high gold prices

Then double digit inflation

Then double digit interest rates

Then the collapse

30 years later it repeats.

Replies:

• Re: Whats woth parts prices now days havvey 18:17:19 10/18/07 (0)

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