Is It Just Me?

[Johnny630]

To me it’s the Inflation That has people holding on to their good stuff. I think the inflation has peaked. Does that mean it’s going to go down a lot over the next couple months ? No in my mind it will stop going higher due to gas prices coming down and interest rates rising. That being said the consumer is still spending. I think the end of the year come October the economy will be back on a roll people will be over spending on experiences and trips they will start spending more on cards. Santa Rally

[perezfan]

Originally Posted by Johnny630

To me it’s the Inflation That has people holding on to their good stuff. I think the inflation has peaked. Does that mean it’s going to go down a lot over the next couple months ? No in my mind it will stop going higher due to gas prices coming down and interest rates rising. That being said the consumer is still spending. I think the end of the year come October the economy will be back on a roll people will be over spending on experiences and trips they will start spending more on cards. Santa Rally

I would not bank on inflation having already peaked. The latest Producer Price Index (ending May 31) rose to 138.66. These increased costs have not yet been reflected by retailers. and the current administration is still in the process of canceling domestic oil leases. So it could be a bumpy ride for quite a while longer.

Inflation may finally hit its peak after the next couple rounds of Fed Rate Hikes, but that could take at least 4-6 months. Just my opinion, though I have no idea how all of this impacts card prices or available inventory.

I would suspect that those who need to sell (to cover increased living costs) will do so, and better-funded consignors who don't need to sell might sit out the next few rounds of auctions. It could result in a glut of mediocre/common items and a shortage of available higher-end material. But only time will tell.