Posted on 04/12/2012 1:58:13 PM PDT by Theoria
From Ron Griess and the always fascinating Chart Store, we see a very different read of inflation.
He shares this awesome selection from his weekly blog (subscription only) of commodities, crude oil, copper, gold, silver, corn, coffee, cotton, and the S&P500 — all priced in terms of hourly earnings:
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Click to enlarge:
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So why do we have to pay so much for coffee for one pound?
Mark up. These are references to market prices, name brand will fetch higher.
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