If You Can Eat It, Buy It Now Because It'll Be More Expensive In A Month

TBI ^ | 9-15-2012 | Bruce Krastering

[blam]

If You Can Eat It, Buy It Now Because It'll Be More Expensive In A Month

Bruce Krasting, My Take On Financial Events
Sep. 14, 2012, 8:10 PM

The most significant market adjustment since Bernanke used the “Unlimited” word is not in stocks, bonds or PMs. It’s in inflation expectations. Have a look at this chart. Focus on the incredible spike in the past 24-hours.

The 10-Year Breakeven Spread

The sick part of this is that if Bernanke saw this graph, he would cry with tears of happiness. This is exactly what he was praying for. Ben thinks that inflation is a good thing. That it will cause demand to be pulled forward as people realize that things are going to cost more tomorrow than they do today.

I suspect Ben is right. Higher inflation expectations in the US will filter around the globe. Post the extraordinary steps Ben took yesterday, people will be stocking up on “stuff”. Things like rice, flour, cooking oil, soy, wheat and sugar. If you can eat it, buy it now. It will be more expensive in a month. While you're at it, fill up the gas tank, the price is going up next week and every week for the next few months.

Ben doesn’t care about that stuff. He ignores this altogether. Maybe he’s right, after all, food and energy are really not so important to the 7Bn folks who happen to be passing through this decade, right?

Some day the history books will study this period of time and ponder how so many people gave up control of key elements in their lives without ever having a say in the outcome. How could one person have gotten so powerful?

(snip)

[ncpatriot]

I agree. Democrats will never learn.

[bgill]

Don’t be so sure Romney will be given the chance to be accused of stealing the election. This week is no coincidence despite the msm, including FOX, still so very innocently portrays itself as so shocked and thoroughly bumfuzzled at the daily events while repeating at every opportunity the WH didn’t know in advance.

[bgill]

Don’t forget foil, saran wrap and baggies.

I’ve been saying for years hussein will start a world war. War presidents get their names in history books so you know his ego can’t pass that up.

[IMR 4350]

They are definitely setting it up to make the claim Romney stole the election there is no if, ands or buts about that,

[Marcella]

“Don’t forget foil, saran wrap and baggies.”

A couple of weeks ago, I made a final list of what I needed in grocery food and non grocery items. I was shocked the list was so long.

It's 56 food items and 20 nonfood items. Foil, Saran wrap and baggies is on the nonfood list.

Will speed up getting items on list.

[bgill]

I don’t go to the store but once or twice a month and the current list is longer than it’s ever been. About 70 items with a third of them nonfoods. Wouldn’t you know it, September is the worst month for the budget with insurance due and utilities get their rate hikes this month (well, August but the bills are payable in September).

I’m watching a squirrel burying his winter food. They’ve been extremely busy this summer. We’ve also had record amounts of birds at the feeders. Hope it doesn’t mean a cold winter. The squirrels have been digging in the garden and one blew a raspberry at hubby when he yelled at them to stop. Yesterday, I found a stick stuck in one of their holes... Squirrels with attitude using tools is definitely not a good sign! Adding more tin foil to the list.

[Marcella]

“I don’t go to the store but once or twice a month and the current list is longer than it’s ever been. About 70 items with a third of them nonfoods.”

It makes me feel better for you to have a list as long as mine - my total items is 76. I think our list got longer because we realize time is growing short to get this done.

My grocery store is about a block away from my house so easy for me to get there. The Texas heat has kept me in the house as much as possible so less trips to grocery. When it gets cooler in October, I'll get the list done.

Well, we had a mild winter last year, so maybe your animals know we're going to get hammered this winter.

[cherry]

if you have a freezer, buy meat and wrap it properly...no matter what, meat prices are going to go up....if you find some beef roasts on sale, buy them, grind them up and wrap it up for hamburger....buy pork loin roasts, cut them up for chops....chicken..chicken...chicken...buy big whole hams....

if no freezer....but lots of canned chicken, canned tuna, salmon, beef, etc....

[PatriotGirl827]

bookmark

[KeyLargo]

Bernanke did his job as ordered by Obama to put the money printing presses on warp speed in order to get Obama re elected.

I used to listen to Bob Brinker and his financial program on Sunday afternoons AM radio.

After yesterday Brinker praising Bernanke for his courage in saving America I almost puked.

Brinker is in the business of selling municipal bonds and cuts off any callers that question why they should buy municipal bonds when all of these big cities are going bankrupt.

[yorkiemom]

if no freezer....but lots of canned chicken, canned tuna, salmon, beef, etc....

I've been buying fresh meat and canning it. it's cheaper that way. (And my freezer is so full, I can't squeeze in one more thing! Also if the power goes out, the canned goods will last.)

[catfish1957]

Seeing pictures of bungling Ben makes me nauseas. Anyone else notice that the 30 year bond has shot up today to 3.28% It was 2.6% what seems a few weeks ago. The unraveling is starting to begin.

[Iron Munro]

the 30 year bond has shot up today to 3.28% It was 2.6% what seems a few weeks ago.

And holding interest rates down is one of Ben's major stated reasons for this latest round of printing fiat currency.

Of course we know his entire rationale is bogus but as you said, "The unraveling is starting". Just a whole heck of a lot sooner than he/they planned.

This QE was supposed to get him and Obama past election day but it might backfire on them.

We are doomed either way.