This topic is closed.
Pinball prices through the roof. used cars. Groceries. Lumber.
Is this the price to pay for covid stimulus checks? N.I.B pinballz marked up 500-1000$ even though they've had them for 6 months to a year. is that greed? or $$ losing purchasing power?
I hope this all settles down soon.
Quoted from cnuts13:Pinball prices through the roof. used cars. Groceries. Lumber.
Is this the price to pay for covid stimulus checks? N.I.B pinballz marked up 500-1000$ even though they've had them for 6 months to a year. is that greed? or $$ losing purchasing power?
I hope this all settles down soon.
Why can’t people just join other complaining threads instead of creating a new one every 30mins?
Don't buy them= they go down in price
Buy the Store Brand.
Learn recipes for your favorite sauces= make a quart at a time.
Play at Arcades = get burned out for cheap
Drink cheaper whiskey and learn how to mix.
Buy the things you like in bulk.
Grow a Garden.
Do without some things.
Become a Flipper
Quoted from nicoy3k:Nothing to do with stimulus checks. The people buying 10,000 toys did not qualify. Supply chain issues and people having more disposable income from staying home all day are the reasons.
This. But people want to blame who they want to blame
Quoted from nicoy3k:Nothing to do with stimulus checks. The people buying 10,000 toys did not qualify. Supply chain issues and people having more disposable income from staying home all day are the reasons.
Makes perfect sense...
you guys need to take an Econ class.
The post was general inflation not just pinball, and yes when the fed prints money for stimulus checks and other stupid govt over spending, inflation is the result.
Quoted from Black_Knight:you guys need to take an Econ class.
The post was general inflation not just pinball, and yes when the fed prints money for stimulus checks and other stupid govt over spending, inflation is the result.
These are factors. But supply chain issues, folks having more disposable income because they didnt take vacations and what not are also big factors.
Quoted from CrazyLevi:A political / pricing thread?
Not politics but economics.
The laws of economics ALWAYS wins in the end.
Quoted from nicoy3k:Nothing to do with stimulus checks. The people buying 10,000 toys did not qualify. Supply chain issues and people having more disposable income from staying home all day are the reasons.
staying home all day= more disposable income?
Quoted from cnuts13:staying home all day= more disposable income?
Ha yes. Think of all the things people typically spent money on prior to the pandemic from travel, entertainment, even needs like work clothes. When people are home all day their world gets considerably smaller and their outlets for spending decrease. A large portion of my everyday work involves analysis and forecasting around how consumers are spending their money, where they are spending it and general mobility. There has been significant change where the cause is well beyond a few stimulus checks.
Quoted from nicoy3k:Supply chain issues and people having more disposable income from staying home all day are the reasons.
Yup, in reverse order. From March 2020 til summer 2021, people were locked down and couldn't really buy stuff, but most were still working and building up a massive stash of cash. Now people can spend pretty freely, but production and supply-chain issues have significantly reduced available product. Cue inflation that won't go away til supply can meet the demand of that insatiable cash pile.
Look at pinball, does anyone really think people are buying 15K LEs with last year's $1200 checks? Stimulus money is just a small part of the formula driving the market now.
Agreed
Too much money printing
People at home too much time and bored
Most looking for something to do
Many public biz have been slapped by the bug and restrictions
These are uncertain times and imo people are looking to dump cash -- value / purch power dropping -- into things that will hold value.
Just my 2 cents
Quoted from phil-lee:Don't buy them= they go down in price
Buy the Store Brand.
Learn recipes for your favorite sauces= make a quart at a time.
Play at Arcades = get burned out for cheap
Drink cheaper whiskey and learn how to mix.
Buy the things you like in bulk.
Grow a Garden.
Do without some things.
Become a Flipper
You fell right into the trap and just learned to change your expectations
Normally people would be scared about losing their job or a market crash so hoarding cash in a crisis, but huge Government intervention, including stimulus checks, offset the impact - so stimulus checks are related to the current inflationary environment in pinball and elsewhere. But huge stock market gains and the associated feeling of wealth/confidence is a much bigger driver to luxury goods (pinball) inflation IMO.
Quoted from HC2016:PREDICTED . The Carter years .
Welcome back .
WORSE
Quoted from metallik:Yup, in reverse order. From March 2020 til summer 2021, people were locked down and couldn't really buy stuff, but most were still working and building up a massive stash of cash. Now people can spend pretty freely, but production and supply-chain issues have significantly reduced available product. Cue inflation that won't go away til supply can meet the demand of that insatiable cash pile.
Look at pinball, does anyone really think people are buying 15K LEs with last year's $1200 checks? Stimulus money is just a small part of the formula driving the market now.
Everyone buying 15k LEs got zero dollars from stimulus checks. Haha
The recommended cost of living adjustment is around +6% this year. I predict that lots of people won't get that bump in their pay.
Quoted from PokerJake:Deleted post
I was going to mention that.
Klaus Schwab seems to think we will have nothing and like it.
PPP fraud isn't helping matters. Lots of business owners made a lot of "not payroll" purchases with their PPP bonus money. We also printed more money in the month of June 2020 than we did for the entire period from 1776 to 1979 combined. Inflation is inevitable when you start paving the streets with newly printed money.
You can look up the CPI summary yourself, but the majority of inflation is coming from new cars, used cars and trucks, nat gas, and fuel. We all know why these have gone up recently, and they have caused other consumer goods to rise as well. I do not think it's permanent or reflective of moderate government spending no matter how much conservative politicians/media want you to believe it is. They are in the business of inflation fear mongering, they have been my entire life, and it has always been for their own selfish political reasons.
I read a finance article today that in the past 22 Months the US has printed $11 Trillion Dollars. Interest Rates will stay low because the Feds can't raise interest rates because they will obliterate Wall Street because even a .25% increase in interest rates will devastate Wall Street Earnings and send the market into the dumper. They should raise rates to help the US Consumer but they will take care of their friends on Wall Street before they take care of the US Consumer. Our country is in serious financial trouble because there is really no where for the Fed to go.
Prepare of even crazier inflation....we've only hit the tip of the iceberg. We might experience some Deflation in the next 3-4 Months but after that it will be brutal inflation. Even worse than the 70's and that was really bad for those of us who can remember back then.
Quoted from JodyG:PPP fraud isn't helping matters. Lots of business owners made a lot of "not payroll" purchases with their PPP bonus money. We also printed more money in the month of June 2020 than we did for the entire period from 1776 to 1979 combined. Inflation is inevitable when you start paving the streets with newly printed money.
Good call. I agree that PPP could’ve been done way better. So many companies got tens of millions and it was all forgiven and they simply put it in investments and bonuses for staff. I don’t blame them, I blame the setup. Could’ve and should’ve went to companies that needed it and the forgiveness should’ve been stricter.
There were subsequent runs of money that did go to companies that needed it, so that’s good at least.
Quoted from Black_Knight:you guys need to take an Econ class.
The post was general inflation not just pinball, and yes when the fed prints money for stimulus checks and other stupid govt over spending, inflation is the result.
Uncontrolled printing of money.
Quoted from Wolfmarsh:The recommended cost of living adjustment is around +6% this year. I predict that lots of people won't get that bump in their pay.
I'll be lucky if I'm employed next year, the state government is intent on closing down all nursing homes in CT by hook or by crook.
Quoted from orangestorm87:Real question is where is everyone investing / moving their money "in these trying times"
Xrp
Quoted from orangestorm87:Real question is where is everyone investing / moving their money "in these trying times"
I am working on cornering the frozen concentrated orange juice (FCOJ) market right now.
Quoted from orangestorm87:Real question is where is everyone investing / moving their money "in these trying times"
Legos
Quoted from Ribs:You can look up the CPI summary yourself, but the majority of inflation is coming from new cars, used cars and trucks, nat gas, and fuel. We all know why these have gone up recently, and they have caused other consumer goods to rise as well. I do not think it's permanent or reflective of moderate government spending no matter how much conservative politicians/media want you to believe it is. They are in the business of inflation fear mongering, they have been my entire life, and it has always been for their own selfish political reasons.
Have not been grocery shopping of late have you?
You laugh, but I picked up a pin a while back and the guys house was stacked floor to ceiling with NIB discontinued lego sets. He made enough money hoarding and flipping them to quit his day job.
Quoted from SantaEatsCheese:You laugh, but I picked up a pin a while back and the guys house was stacked floor to ceiling with NIB discontinued lego sets. He made enough money hoarding and flipping them to quit his day job.
There are ALWAYS much more popular (and readily available) things to flip then pinball. 
Quoted from Black_Knight:you guys need to take an Econ class.
The post was general inflation not just pinball, and yes when the fed prints money for stimulus checks and other stupid govt over spending, inflation is the result.
Yes!
Quoted from Chicoman:I read a finance article today that in the past 22 Months the US has printed $11 Trillion Dollars. Interest Rates will stay low because the Feds can't raise interest rates because they will obliterate Wall Street because even a .25% increase in interest rates will devastate Wall Street Earnings and send the market into the dumper. .
nah - that has no impact. It's all due to cause most of the country was on their ass and couldn't hit the mall.
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