I know you are completely wrong because on December 5th, 2010, Ben Bernanke told Steve Kroft, "The Federal Reserve will not allow inflation to rise above two percent or less
We could raise interest rates in 15 minutes if we have to
there really is no problem with raising rates, tightening monetary policy, slowing the economy [and] reducing inflation at the appropriate time
I have one hundred percent confidence in our ability to control this." And we all know how competent the Wee Wee and his senior advisers are when it comes to micromanaging the economy.
I have family overseas and the Dollar is down 20% on conversion.
What the hell does that even mean? Your shopping cart took up 15% fewer cubic inches this week? Milk price fluctuated? So it went down also? Huh?
I went shopping last week, and was amazed at the jump. I don’t know what the actual figures are, but it seems like a huge jump over the past month or so.
I didn’t even fill a cart, had some meat but not expensive cuts, and my bill came to $160. Unbelievable.
Unless we work together, merely posting the obvious accomplishes nothing. Lets see how many people would be interested in buying beef from a local farmer etc,
That's how Americans have dealt with adversity together. What do Illinois FReepers think? Would you support a FReeper food coop?
It’s more than groceries. On June 10th (Friday) I ordered an ‘Intex Krystal Clear Saltwater Water Sanitizing System’ for my pool from Walmart online for $139. Today, two days later, I went on their site to check its size and now the price is $169!
I had some sticker shock when I went to the grocery store on Tuesday. It had been about 3 weeks since I was in that particular store.
Pears up from about $0.98 to $1.78/lb.
Packaged salad up from $1.09 to $1.69.
Instant tea up from about $2.49 to $3.19.
Celery up from $1.29 to $2.39.
Cantelope up from $1.69 to $2.98 ea.
Roma Tomatoes down from a high of $2.79 in April to $0.98/lb
Those are sizeable increases. Too bad food doesn’t show up in the consumer inflation figures.
Gas is $3.49, down from $3.72.
Food prices are up all over, and for everything. Even with our lower sales taxes in DuPage I cringe when the wife goes shopping.
But the rise in costs are 'logical'. We're putting our Food in our gas tanks (Ethanol fuel), that goes for diesels too. So if delivery costs go up, so does the prices of the things inside it. Plus if there's less Corn Products to use for Food, the commodity price goes up at places like The Chicago Board of Trade (Sugar is being used for fuel too).
IMO burning our food has to be the dumbest idea Dubya ever pushed. And Obama, arrgh. He's making it 104 times worse. The eco-nazis own him.
And come on over to the FR IL Board sometime. FR Illinois
Don't recall ever seeing you there. We're on top of the asinine IL politics of BOTH parties. And we're a nice bunch of folks, most of us anyway (kidding :-))
Good post.
This is the kind of stuff that gets papered over by the MSM, but will be a poison pill for Baraq’s re-election in 012.