<story><title>Lumber rally cools with transport snarls easing, buyers balking</title><url>https://www.bnnbloomberg.ca/lumber-rally-cools-with-transport-snarls-easing-buyers-balking-1.1743093</url></story><parent_chain><item><author>lost_soul</author><text>Just anecdotally, we went out to eat at a place we hadn&amp;#x27;t been to since before the pandemic. Their prices have doubled. We spent $50 on lunch.</text></item><item><author>gitfan86</author><text>I expect this to be the beginning of a recession. A lot of consumers spending is based on the thought that their home is going up in value.</text></item></parent_chain><comment><author>nerdponx</author><text>Is there such a thing in economics as &amp;quot;pent-up inflation&amp;quot;?&lt;p&gt;As in, the economy keeps rolling along with &amp;quot;shrinkflation&amp;quot;-like phenomena absorbing as much of the increase in inputs as possible, until it passes a tipping point (in this case propelled by Covid-related adjustments) and all of a sudden prices shoot up.&lt;p&gt;It would be interesting to see if there&amp;#x27;s any literature on this phenomenon.</text></comment>
<story><title>Lumber rally cools with transport snarls easing, buyers balking</title><url>https://www.bnnbloomberg.ca/lumber-rally-cools-with-transport-snarls-easing-buyers-balking-1.1743093</url></story><parent_chain><item><author>lost_soul</author><text>Just anecdotally, we went out to eat at a place we hadn&amp;#x27;t been to since before the pandemic. Their prices have doubled. We spent $50 on lunch.</text></item><item><author>gitfan86</author><text>I expect this to be the beginning of a recession. A lot of consumers spending is based on the thought that their home is going up in value.</text></item></parent_chain><comment><author>rsanheim</author><text>That was probably closer to the real price if your lunch.&lt;p&gt;We’ve had a glut of restaurants all up and down the “star level” here in Madison, WI. I think that is true in many cities.&lt;p&gt;When you account for real wages and costs, many of those places shouldn’t and wont survive over the next few years. We don’t need 6 dollar burritos delivered for 15, and we don’t need five places found farm to table for 30 bucks a plate. If that means service and cooks and dishwashers have to work three jobs in that world, to hell with it.</text></comment>