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This. I shut down a side business late last year because steel prices were already up 50% in Europe. Most don't pay attention to commodity prices because they a
by alangibson 4y ago
This. I shut down a side business late last year because steel prices were already up 50% in Europe. Most don't pay attention to commodity prices because they aren't exposed to them.
There's also much willful ignorance and motivated reasoning. I've seen people in the US blame it on Build Back Better spending, seemingly unaware that BBB didn't pass.
- guerrilla 4y agoYep, that's it right there and most people don't know how much electricity goes into aluminum either, for example. Or that long term fixed prices contracts rose 30% last week while already on the order of 5 times higher than usual. This speaks to the risk being priced in about the fact that things probably aren't going to get better soon and could get worse. > I've seen people in the US blame it on Build Back Better spending, seemingly unaware that BBB didn't pass. Ouch.