3 ms·

That's a rather extraordinary claim, would you have a source for that?

• deleted 6y ago
  [deleted]
• tengbretson 6y ago
  In the last 12 months: Nasdaq 100 - up 40% Cotton - up 25% Corn - up 40% Gold - up 15% Silver - up 25% Steel - up 30% lumber - up 100% Copper - up 46% Aluminum - up 22% https://markets.businessinsider.com/commodities https://markets.businessinsider.com/commodities
  • Confusion 6y ago
    Corn is much lower than it was 8 years ago, steel is at the same level as it was in 2018/2019, lumber only up 50% from last peak in 2018 (and price fluctuates a lot currently).
  • NiceWayToDoIT 6y ago
    There is one thing that has not gone up. Salaries.
  • antientropic 6y ago
    That's not "nearly everything". Most people don't spend their salaries on lumber or copper. If anything, it shows how little the prices of raw commodities affect consumer prices. It's also hardly evidence for impending hyperinflation. For instance, aluminum is massively cheaper than in 2008, and copper is still quite a bit below the 2011 level. Commodity prices always fluctuate massively.
  • ivanche 6y ago
    It seems you forgot a few items: bitcoin, bread, milk, chicken, pork, eggs, apples, sneakers, jeans, jackets...