I saw a news report the other day that most staples at the grocery store are up roughly 9% THIS YEAR!
Of course, food and energy prices are not factored into the government inflation computations. What is holding those numbers down (and I’ve actually heard a government shill on Fox News claim this is a good thing) is that housing prices are way down, as are consumer electronic prices. I found myself shouting at the TV, “HOW MANY HOUSES OR BIG SCREEN TVS DO YOU BUY EVERY WEEK?!?!?!?!?!?!”
The “stimulus” and continual “monetary easing” are doing nothing but destroying the value of our money and keeping stock prices artificially high... I’m afraid we’re in for another “stock bubble,” even worse than what we saw in 2008, and I’ve just barely recovered my losses from that...
Anybody else notice that when you lose 50% of your investments, they need to increase in value by 100% just to get you back to “even?”
Just damn...
Mark
[groan]
Do you understand that you are posting on a thread where the government computed energy prices into inflation?