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Killer Combo of High Gas, Food Prices at Key Tipping Point
cnbc ^
| Thursday, 21 Apr 2011 | 2:22 PM ET
Posted on 04/21/2011 3:16:39 PM PDT by Perdogg
The combination of rising gasoline prices and the steepest increase in the cost of food in a generation is threatening to push the US economy into a recession, according to Craig Johnson, president of Customer Growth Partners.
(Excerpt) Read more at cnbc.com ...
TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: bernanke; conspiracy; fed; food; gas; hehatesamerica; hesnotoneofus; inflation; obamanomics; prices
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1
posted on
04/21/2011 3:16:42 PM PDT
by
Perdogg
To: Perdogg
Saaaaaaaaaaaaay ... how’s the Misery Index?
To: Perdogg
3
posted on
04/21/2011 3:21:26 PM PDT
by
PA-RIVER
To: ClearCase_guy
” threatening to push the US economy into a recession, “
For everybody outside of the Government/Financial axis, we’re already in a recession—
The word the author’s carefully avoiding (or is terrified to even think) is collapse...
4
posted on
04/21/2011 3:28:47 PM PDT
by
Uncle Ike
(Rope is cheap, and there are lots of trees...)
To: Perdogg
Yeah, but it’s not on the TV, so it’s not really happening.
5
posted on
04/21/2011 3:29:25 PM PDT
by
throwback
( The object of opening the mind, as of opening the mouth, is to shut it again on something solid)
To: throwback
Problem is, most people won’t wake up to the reality of the situation until TSHTF. By then it will be too late.
6
posted on
04/21/2011 3:31:20 PM PDT
by
Mygirlsmom
(Libs, we thought we made it clear in Nov....CAN YOU HEAR US NOW??????????)
To: Perdogg
My wife has turned our shopping experience into a extreme couponing show....
Unecessary trips are off the list.
Dinner’s out....nope....
7
posted on
04/21/2011 3:33:22 PM PDT
by
nevergore
("It could be that the purpose of my life is simply to serve as a warning to others.")
To: throwback
It doesnt have to be. Go to the supermarket or gas station. That drowns out all the BS from the obama/msnbc regime
To: Uncle Ike
If you havent already I urge you to start getting prepared now. I truely believe that time is growing short very short.
IMHO we will see within the next six months (Unkle Ike thinks I am being overly optimistic with that six-month timeline and from the look of this post he might be right!) a economic collapse much like that of Argentinas:
http://www.youtube.com/watch?v=rH6_i8zuffs
For more information on live in a collapse economy I strongly suggest that you read Ferfals blog SURVIVING IN ARGENTINA: http://ferfal.blogspot.com
And remember as a armed society and one which contains a much more violent crimial and entitlement minded element our collapse is much more likely to be very violent than Argentinas was/is. I see places big blue cities mostly were what I call Pocket pogroms and you better be ready to get out and quick!
For those who would like to get started preparing I have updated my Preparedness Manual and added the following sections:
19. A Highly-Mobility 72 Hour Kit-by Ward Dorrity
55. Step by Step Earthbag Construction-by Dr. Owen Geiger
Thanks to eaker it can be down loaded at:
http://www.tomeaker.com/kart/preparedness1i.pdf
9
posted on
04/21/2011 3:38:00 PM PDT
by
Kartographer
(".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
To: Perdogg
LOL. We never finished the current recession... unless we’re in another depression.
10
posted on
04/21/2011 3:38:56 PM PDT
by
pnh102
(Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
To: Perdogg
Leftwing heaven is coming.
Can’t you feel it??
Bread lines and detention camps won’t be long now.
Utopia!!
Always has barbed wire
11
posted on
04/21/2011 3:40:38 PM PDT
by
GeronL
(The Right to Life came before the Right to Happiness)
To: Perdogg
What do you call what we are in now?
12
posted on
04/21/2011 3:42:38 PM PDT
by
yldstrk
(My heroes have always been cowboys)
To: GeronL
13
posted on
04/21/2011 3:50:19 PM PDT
by
Kartographer
(".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
To: Perdogg
The combination of rising gasoline prices and the steepest increase in the cost of food in a generation is threatening to push the US economy into a recession,... Don't panic now, we have quantitative easing to maintain the status quo.
14
posted on
04/21/2011 3:52:39 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: ClearCase_guy
“The last time this happened was in the recession that lasted from 1973 to 1975.”
That’s the Nixon years, gas lines, etc, right?
15
posted on
04/21/2011 3:54:36 PM PDT
by
Huck
(We must have universal healthcare. -- Donald Trump.)
To: ClearCase_guy
Saaaaaaaaaaaaay ... hows the Misery Index? Off scale on a zero to infinite indicator.
16
posted on
04/21/2011 3:55:08 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: nevergore
I am having to buy clothes OTR. No more bespoke Armani suits, Turnbull and Asser shirts, and Churchill shoes.
17
posted on
04/21/2011 3:57:23 PM PDT
by
Perdogg
(What Would Aqua Buddha do?)
To: Perdogg
Hey, this what the people wanted when they voted for the smiley little black fellow.
18
posted on
04/21/2011 4:07:17 PM PDT
by
Lockbar
(March toward the sound of the guns.)
To: Lockbar
Wish they hadn’t censored those old disney movies, more folks would know to steer clear of tar babies.
19
posted on
04/21/2011 4:11:30 PM PDT
by
de.rm
('Most people never believe anything you tell them unless it isn't true."-Groucho Marx)
To: de.rm
What most people don't understand is that the U.S. in the same financial shape as Greece, Italy, Ireland, Spain. We cannot pay our national debt. In face we cannot even pay the interest on our national debt. Obams’s idea for a recovery instead of cutting spending, is to print more money. This results in each dollar you have now is being devalued. Which means it takes more of our dollars to send to OPEC for oil. Ergo. We are basically just like the above mentioned sickies, forgot to mention Portugal, we are all in the same boat with them.
The only thing we can hope for is that China does not start selling all of the Billions of U.S. Bonds, as we don't have the money to redeem them either.
20
posted on
04/21/2011 4:25:55 PM PDT
by
BooBoo1000
(Never pass up an opportunity to " Shut Up")
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