Gather ye radios while ye may

[Big Kahuna]

Just another FYI - I'm seeing Chinese manufacturers quoting 10-25% higher for products in the last couple of months and shipping costs have skyrocketed - containers are costing 50% more to get them across the pond.

What does this mean? Inflation on consumer products is not going to slow down anytime soon. I expect with shortages and these costs in China going up that many consumer products could see price increases of 25% or more in the next year.

Since just about everything comes from China - costs on everything will continue to rise.

So if you've been eyeing a particular new radio or accessory, I'd pull the trigger sooner rather than later. I know I picked up three things I've been wanting for a while and now I'm set.

Inflation is here for at least the next 6-12 months regardless of what you read in the news.

 

[nomadradio]

Inflation is here for at least the next 6-12 months

Never really went away for anyone poor enough to have to work.

73

 

[Slowmover]

Wow! Permission granted!!

 

[Handy Andy]

Never really went away for anyone poor enough to have to work.

73

Gee, what about those that love what they do, so they never really have to work a day in their career?

"If you do what you love, you never work a Day in your life!"

 

[Low_Boy]

Everything will be going up but our wages and bank interest. Not to the borrower.

 

[Justme]

I have enough radio's as it is, going to sell some stuff, clearing out here.
One good radio and one spare should do.
If not enough, money in the savings account to buy the latest most expensive one.
No need for that my FT991A will do just fine.

 

[Eldorado828]

The way it's looking if you go by ebay prices, hoarding radios right now is like hanging on to gold bars. A year or 2 down the road you'll be able to use them as a good trade.

If you've see the movie Book of Eli

This thread might just start the equivalent of the toilet paper shortage!!

 

[Crawdad]

Gee, what about those that love what they do, so they never really have to work a day in their career?

"If you do what you love, you never work a Day in your life!"

Missed that boat, dammit. More than once.

 

[Slowmover]

Missed that boat, dammit. More than once.

Born into one of the many families . . . instead of one of the very few families where doors to “success” are held open . . versus the appearance thereof.

.

 

[Big Kahuna]

Also heard today the vehicle chip shortage is expected to last into next year which means used vehicle prices are likely to continue to be crazy. Sucks as I was just starting to look at replacing my 14 year old vehicle when prices went nuts. Have to keep it running for another couple of years I guess

 

[nomadradio]

Looks like I'll be having the '99 Ranger reworked. Crate motor, rebuild the tranny, steering gear. differential. Might not cost more than just rolling the dice and starting over.

But lining up a lease vehicle to drive while it's getting rehabbed will probably be the hard part.

73

 

[The20poundhammer]

That Ranger will still be going after we're all gone here lol

 

[Crawdad]

Might not cost more than just rolling the dice and starting over.

73

Will still be a lot le$$ than a new Ranger. Couldn't believe how much they want for them, Holy Moly.

 

[kaos513]

Everything will be going up but our wages and bank interest. Not to the borrower.

Already did

 

[Big Kahuna]

US consumer prices surge in June by the most since 2008

"Industry raw material inflation is more significant and sustained than originally anticipated," Sherwin-Williams CEO John Morikis said in the paint company's earnings release.

Sherwin-Williams (SHW) said it is confident it can offset higher costs through its previously-announced price hikes. "We are prepared to implement additional increases should they become necessary," Morikis said.

To mitigate the impact of rising costs, General Electric (GE) said it is raising prices "across the board" and taking other steps.

Executives at Post-It maker 3M (MMM) simply said, "We are raising prices everywhere."

“Same as everybody else, we’re seeing inflation in our business across many of our raw ingredients and some of our inputs in labor and freight and everything else,” PepsiCo chief executive Ramon Laguarta said on the company’s second-quarter earnings call July 13.

“Is there somewhat more inflation out there? There is. Are we going to be pricing to deal with it? We certainly are,” Hugh Johnston, PepsiCo’s chief financial officer, added.

Home appliances maker Whirlpool raised its prices in the face of higher raw material costs. CEO Marc Robert Bitzer said on Thursday’s earnings call that the company already started “seeing the benefits.”

“We are confident that sustained strong consumer demand and our previously announced cost-based pricing actions will offset the impact of global supply constraints and rising input costs,” Bitzer said.

We successfully established price increases that go into effect during the third quarter and provide an offset to the rising input and freight costs in the business," Hasbro CEO Brian Goldner said during the company's second-quarter earnings call on Monday.