HELP ME!!!!--Alstry needs HELP!!!!
Dow just announced today that they are raising prices 25% after raising prices 20% just a few weeks ago. Dow makes a lot of stuff and input materials such as fertilizer, adhesives, plastics, and insulation. Dow is only one of a number of companies that have announced extraordinary price increases in the past few weeks.
While prices are rising, businesses are rushing to shut down. Autos, Airlines, Construction, Banking, and Chemical to name a few. Income and revenues are starting to evaporate as well.
For the first time in our nations history, costs are rising parabolicly and incomes are contracting. In the seventies stagflation, incomes rose at a slower rate than prices and then when spouses joined the workforce...family incomes exceeded the rise in the cost of living.
Now it is the opposite, incomes falling and prices rising. As a result, assets are crashing in value as well as fewer and fewer people can afford to maintain assets such as second homes, boats, ect.....
In the last few days we have received very negative reports from DOW, UPS, GM, UAL, KMX, just to name a few. In a few days we are likely to get reports from homebuilders telling us that they have relatively very little vertical inventory to sell going forward and orders for homes to be built are slowing dramtically.
Economy slowing, wages falling, expenses exploding and debt rising while credit is being shut off...
I am very confused right now, anyone have thoughts on where this is going??????