Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Jim Rathmann who wrote (4695)	8/13/1997 1:03:00 PM
From: Roger A. Babb	of 9285

Jim, my problem is that I don't believe the inflation numbers. For example, the average price of lumber is up 50% in the last year in our area, but the housing price is down because people built smaller houses or settled for less features. That is not zero inflation. Our gas rate is up 16%, electricity up 8.7%, labor up 14%, petroleum products up 8%, insurance up 36%, packaging costs up 15%, raw materials up 50%, machinery and truck costs up 15% at our lumber plant over last year. Nothing is lower except interest costs. Inflation is very real, just being hidden for now.

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