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Belle of the Ranch

Let's talk about prices and supply chains....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 19 October 2021

⏱️ 6 minutes

🧾️ Download transcript

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Transcript

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0:00.0

If just thinking about your bills makes you feel confused and disorientated,

0:05.0

like your head is full of Raspberry,

0:08.0

then you need Monzo.

0:10.0

Download your new favorite bank and pay bills from custom pots.

0:15.0

Money never felt like Monzo.

0:18.0

UK residents, Tease and see supply.

0:21.0

Well, howdy there internet people it's bow again so today we are going to talk

0:27.7

about supply and demand and supply chains and why everything costs so much and what's going on how long it's

0:35.6

going to last and all of that stuff because we've got a lot of questions about

0:39.3

that have come in. Okay so, why are prices going up? It is supply and demand. It is basic

0:48.0

basic economics on this one. Consumer spending habits changed. We bought different stuff when we were all at home all the time.

0:59.0

So there was increased demand on certain items.

1:03.0

So they went up in price, right?

1:06.0

Then because production was down, because everybody was at home, those businesses, those

1:10.6

factories, those manufacturing plants, they weren't working.

1:15.0

There was less supply, same amount of demand, prices went up.

1:21.0

A good example for my life, and if you follow me on Twitter you have seen me

1:26.0

discussing building a barn for like seven months. Had we put it in seven months ago, it would have cost about $40,000.

1:37.0

Needless to say, we didn't do that.

1:41.0

We're putting it in, I want to say, a week after next, and it's going to cost about five. that's how much

1:45.0

going to cost about 5,000. That's how much things have fluctuated.

1:51.0

Lumber, the reason it happened, everybody was at home. Everybody had time to do home improvement projects. People took up gardening, so they needed to build raised beds.

...

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