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 dogmaXYZPremium
join:2002-08-15
Boulder City, NV
kudos:1 | Inflation trending up for basics such as food, clothing, gas Because I was incredulous yesterday when I saw 1Lb of ground beef (grass feed/no steroids) for $7.01/lb. at the local supermarket.
$7/lb for Hamburger??
By summer, 3-5% increase for food, 10% increase for clothing, 20% for gas:
said by Mirietta times--> »www.mariettatimes.com/page/conte···nav=5002 :Food companies are warning of price increases as the demand for corn has pushed U.S. supplies to their lowest point in 15 years. Overall food price increases of 2 to 3 percent (over the next few Months) are predicted by the U.S. Department of Agriculture's Economic Research Service.
Corn prices have already doubled in the last six months, rising from $3.50 a bushel to nearly $7. Analysts expect the price increases to continue in coming months, and many major food makers and some restaurants have already said they'll be raising prices. said by AP--> »news.yahoo.com/s/ap/20110214/ap_···g_prices :Clothing prices are expected to rise about 10 percent in coming months, with the biggest increases coming in the second half of the year, said Burt Flickinger III president of Strategic Resource Group.
Brooks Brothers' wrinkle-free men's dress shirts now cost $88, up from $79.50. Levi Strauss & Co., Wrangler jeans maker VF Corp., J.C. Penney Co., Nike and designer shoe seller Steve Madden also plan increases. said by Atlanta Post--> »atlantapost.com/2011/02/14/no-re···-prices/ :• In addition, all indicators are estimating that gasoline prices will reach $3.50 to $4 per gallon by Memorial weekend.
• ...Oil prices aren’t getting any cheaper. According to a former Shell Oil Executive, gasoline prices could reach the $5 mark by late 2012. Additionally, various entities in OPEC are demanding that oil prices rise to over $100 a barrel, which means we are just seeing a preview of what’s to come in the future for oil prices. BTW, demand for all of these has been going down. Also, Median household income continues to fall slightly.
Should I build a chicken coop and a hog pen in the backyard? | |
horsemouthPlease Clarify My CSPPremium
join:2002-03-13
canada | Believe me IF I could have chickens in my yard It would be done. My city takes a dim view of the urban chicken tho.
I/we just have a good relationship with chicken farmers. | | |
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Zoder
join:2002-04-16
Miami, FL | reply to dogma
It does suck. A lot of crops have been ruined by weather events over the past year and that's pushing the prices up. But core inflation is only 0.8 %. | |
 SnakeoilIgnore Button. The coward's feature.Premium
join:2000-08-05
Mentor, OH
kudos:1
 ·RoadRunner Cable
 ·magicjack.com
| reply to dogma
I would say go for it.
I'll try to repeat what I saw on the news last thanksgiving.
"Because feed farmers think it's a good idea to grow corn and turn it into fuel, feed prices are going up. What that means is the cost is passed onto the consumer."
So yes, food prices are going to get higher, because Farmers, like any business want to make money. Currently corn is the cash crop.
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To All Real Dads. For All Real Moms Every Real
Service. | |
 lolwhatYou're getting warmerPremium
join:2001-06-11
PonziWorld
·Callcentric
| reply to dogma
B-b-but the government said core CPI is staying fairly flat! Of course, according to Wikipedia, "[Core inflation] excludes certain items that face volatile price movements, notably food and energy." That's OK, though, because no one consumes much food or energy, directly or indirectly. Right? After all, it isn't like the average poor person's paltry budget consists mostly of getting to work and buying food. I'm sure they won't riot if you push those costs too high. 
Oh, and these articles aren't highlighting the fact that the one-two punch of ZIRP and QE is causing massive speculation in commodities worldwide - which, in turn, plays a major role in such little things as... wait for it... riots in Egypt, Tunisia, Algeria... Think that won't happen here? You've got to ask yourself one question: "Do I feel lucky?" Well, do ya, punk?
By the way, the Great and Powerful Bernanke is constantly asking himself that question. The Fed is directly responsible for both QE and ZIRP - and, thus, indirectly responsible for a fair portion of civil unrest in the world. Congress and our Dear Leader are also responsible for reappointing BenDover to his ivory tower. And in case you think I'm being partisan, I don't give a damn what team you're allegedly on if you're fucking with the futures of billions.
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Tutto nelle banche, niente al di fuori delle banche, nulla contro le banche | |
horsemouthPlease Clarify My CSPPremium
join:2002-03-13
canada | Suck it up buttercup.
People just need to adapt!
»www.youtube.com/watch?v=VB7Kc5Kg_D8
I was in Detroit last summer. They are tearing down buildings and planting gardens. It is just fabulous what they are doing with the place. | |
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