Talk is cheap but prices keep rising.
Bacon, hot dogs chuck steak over $5 a pound - that's not deflation.
they keep printing and the money becomes worth less and less which shows as prices rising
...Bacon, hot dogs chuck steak over $5 a pound - that's not deflation.
imho this is the real problem --not the beef price, the talk; too many people have decided they know it all. We're hearing on this thread that it income cuts, falling gas prices, nothing matters if beef prices went up because rising beef prices mean inflation no matter what. At the same time we're hearing on this thread that beef prices can go up even when the jump brings up over-all averages --and it's not inflation if "supply and demand" are involved.
What's happening in the U.S. is that for a couple of months now average general prices are down, and that's deflation. OK, so food prices are up, but most spending is for stuff w/ prices falling enough to make up for food. Deflation is deadly to economic growth, and on top of that policy makers who should know better often let public opinion cloud their judgment.