When was the last time this writer went to a grocery store, out of touch much!!!
And a Rick Santelli said Wednesday, it’s the velocity of money that is keeping inflation down, it’s socked away in computers and vaults all over america. If that money ever reaches the consumer we are going to be in real trouble!
For that money to reach the consumer, wages will have to go up. With real unemployment and underemployment somewhere north of 13% and Obamacare starting to kick in, I don't see wages increasing anytime soon.
You font need an economist — just eat out occasionally and look at the serving sizes and prices at your favorite places. I have watched beef tenderloin dusappear from menus Notice that a pound if coffee us eleven ounces and rising in price. Affluent academics probably have their meals provided by their post doc slaves...
“When was the last time this writer went to a grocery store, out of touch much!!!
//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
I am 69 years old and have lived in South Carolina all that time except for 3 years in the Navy and a year in North Carolina. I was amazed when I realized that groceries had become so expensive that it was possible to haul $100. worth in a large station wagon. I was amazed again when I realized you could pack a hundred worth in a large sedan. I was amazed when I realized you could pack a hundred worth in the TRUNK of a large sedan. I was amazed again to realize you could pack it in one grocery cart. I was amazed again when I realized I could lift a hundred dollars worth. I was amazed again to realize I could carry that much with both arms. Again I was amazed to realize I could carry that much on ONE arm. NOW MY SIXTY ONE YEAR OLD WIFE WHO IS DRAWING DISABILITY FOR HER MANY AILMENTS CAN CARRY A HUNDRED DOLLARS WORTH OF GROCERIES!!!!! Anyone who thinks there is no inflation is out of touch with reality. Anyone who believes the official government figures is an idiot on a par with Joe Biden.
I know whereof I speak, born during WWII I have seen the transition from when a hundred dollars worth of groceries would fill the bed of a pickup truck with side planks to now when an old lady can carry a hundred dollars worth. I hope I am getting my meaning across to some of the younger folks.