DEFLATION: Comin-in strong

[Hamloc]

Just received my January natural gas bill, was still charged $6.34 a gigajoule for natural gas. Was quite astonished as no doubt the AECO spot price of natural gas was much lower than that in January. Emailed my natural gas supplier, still waiting for a reasonable explanation. February price is supposed to be $3.44 a gigajoule. Checked diesel prices around Alberta online this morning. Three hills $179.9, Edmonton $1.529, Grande Prairie $1.969. No deflation in diesel yet. WTI oil recovered some this week, up over $78. Life still not getting cheaper in the real world Errol.

[bucket]

Lets be honest. Deflation hurts the poorest first. Farmers in the whole scheme of things are poor.

What we do is provide others to make a shitload off us.

[errolanderson]

Realize many agrivillers do not agree, but global commodity deflation has not just taken hold, but now accelerating.

Global urea and ammonia prices remain under heavy pressure on poor buyer demand. Coal prices take heavy hit, lumber prices fall back 15% this week. Ethanol and biodiesel price pressure. Even coffee prices dropping. Nat gas near all-time lows. Gasoline and diesel in-decline. Ocean freight rates have been slammed.

There’s not much inflation in the base commodity world. But there are massive margins built in-between from wholesale to retail.

Incoming consumer meltdown will eventually solve retail inflation. My opinion . . . .

[fjlip]

Still NO new vehicles unsold on lot at local GM?

One interesting note, we had a 2018 Equinox premier, priced a new 2023 Premier , it's within $100 of the 2018 list. Has smaller engine, but has more tech. Hmmm

BUT due to demand NO discounts off that list.

[Guest]

Chev 21, 3 liter diesel was $54k in 21
Now $72 k

[blackpowder]

Always a lag as the curves follow each other up, pause at the peak and fall off.

[shtferbrains]

Everyone needs an EV.
Start with used like this one to cheapen it up.
+ taxes and luxury tax

Much cheaper to drive **

[furrowtickler]

Brand new Dodge trucks up too $15,000 off
Buddy just bought one for about $49,000
Picked up a new Chev 3L Duramax for far less than MSRP
They are dealing , maybe just not on the high end bling . Each to their own , deals are out there

[furrowtickler]

Fancy options can add $25-30,000 on new trucks
Depends what your looking for , deals are on the more basic ones right now

[furrowtickler]

[ATTACH]11977[/ATTACH]

Everyone needs an EV.
Start with used like this one to cheapen it up.
+ taxes and luxury tax

Much cheaper to drive **

Would only take 30 years to pay for itself lol
I wonder what those used trucks will be worth 5-7 years down the road when they need a full battery replacement?
Would have to nearly give it away if it costs $30,000 or so for a new battery system? Or can they be upgraded reasonably?
I guess time will tell .
That same F150 new , 2022 , can be bought for $40,000 less . Low $60’s without dealing much
You can buy o lot of fuel for $40,000

[Old Cowzilla]

Think its going to take a while yet to cool things off. 130 k new jobs in Jan when normal times would be layoffs a few thousand after Christmas rush. Pissing match between Wally World and suppliers over price now even with some lower freight costs. Government employees looking for big wage increases to cover cost of living high int rates this stuff feeds on its self . Old school buddy says toy sales ( Sleds and ATV's ) still strong can't keep them on the lot. And he's not easy to deal with ! It took longer in the 80's than everyone planned for but when deflation happened it was a shitstorm .

[furrowtickler]

One interesting thing I was told recently is that the under 30 crowd before Covid was 30 % of the vehicle sales . The past 4 months that is below 5 % now

[errolanderson]

One interesting thing I was told recently is that the under 30 crowd before Covid was 30 % of the vehicle sales . The past 4 months that is below 5 % now

Watch for the spike in repossessions . . . .

Auto industry in big trouble, they just don’t know it yet. If not this year, ‘24 and ‘25, the industry at-risk of shuttered dealerships and restructuring. Just wait for the cries-for-bailouts . . . .

[Guest]

Loaded the truck with $26 canola. Hard to sell what is left for $19. Yes deflation is real. Nobody needs to buy commodities as an inflation hedge when there is no inflation. Best investment available right now: 4.75% GIC. www.eqbank.ca We have to keep in mind that central banks exist for the suppression of interest rates below market values. Therefore they never raise rates, they just suppress less which causes them to rise towards the free market level. With excess debt that is out there right now, free market rates would be 8 -10%.

Sure as hell can’t get $19’here?

[mustardman]

Sask party...... good.

Everyone else ...bad.

That's the Saskparty's campaign.

Yep theyve doubled our debt and have one of the lowest economic records in the country
but all the unaware people will vote them back in

They are Arrogant and Incompetent - a dangerous twosome. How Stupid are they that to OWN the Libs, instead of taking covid help from Feds they asked umpteen U.S States , even as far away as Pennsylvania-WTF !!!
So they finally accepted help from the Feds, but People Died to Own the libs