02-12-2022 04:29 PM
(And by “ourselves” I mean the whole human condition, not any one person individually)
I am constantly amazed at the number of posts that seem to think it is somehow eBay’s doing, alone, that sales suddenly tanked or rose. “Throttling” was the big fad for a while but it seems to have given way to “item specifics”, “1099K”s and “Winter updates”.
eBay does not exist in a vacuum. It may be an identifiable corporation but the buyers and sellers are real people living in a real world. Their buying and selling decisions are influenced by what happens “OUT THERE”, not here.
Their individual decisions are based on whether or not there is the potential for a Russian invasion of Ukraine, or a shortage of goods due to the supply chain, or the threat of an overreaction by the government to a truckers strike, or the loss of a job due to a mask mandate, or being jailed for giving the school board a hard time, or a thousand times thousand other individual events from the international to the mundane.
All of the above, and then some, direct Adam Smith’s Invisible Hand.
There is no identifiable reason (and a pointless quest to seek one out) when a large portion of 7 1/2 Billion people suddenly turn 1 degree “this” way instead of 1 degree “that” way.
You will have as much luck getting an answer to that as asking yourself “why did the guy 6 cars ahead of me suddenly change lanes?”
Some questions are just not answerable.
02-13-2022 01:46 PM
I was fortunate enough to get one of the last 9.5% 30 yr. mortgage before the freeze on any mortgage at any rate in a great neighborhood south of Chicago. They opened up mortgages up at 12%.
02-13-2022 02:31 PM
Coincidence maybe. MP was already implemented to some eBay sellers in 2020. And all had to join the party early 2021 - January I believe. Significant inflation rates increases started in April of 2021 at 4.2% for the month - compared to 1.4% in Jan 2021 . The first notable increase was the price of gasoline shortly after January 20 when the price of gasoline jumped up to just below $3.00 from around $1.94 here in Georgia in our county of 117k. Price of crude oil continue to rice - so does the price of yoga pants (they are made from a curd oil derivative, Then the slow unloading backlog of those super container ships on the west coast age a lot more fuel to the fire. Yeah some ships were diverted to t the east coast ports thru the Panama Canal - but at a much higher cost from the Asian countries including China - extra fuel, time and lock fees plus size limitations.