Posted on 02/14/2011 10:09:53 PM PST by Frantzie
Two percent!
That’s how much the price of EVERYTHING has gone up IN AMERICA since Christmas Day, just 6 weeks ago. This is according to the very reliable Billion Prices Project at MIT, which collects pricing data every day from online retailers using a software that scans the underlying code in public webpages and stores the relevant price information in the database. The daily online index is an average of individual price changes across multiple categories and.....
(Excerpt) Read more at zerohedge.com ...
This may be more Mugabe inflation that Carter inflation.
“As Mubarak has shown us – you can rob and oppress people for three decades without a peep as long as you feed them but, once they begin to starve – it is amazing how fast they take to the streets.”
Of course we have inflation it is in food/energy and we can thank the fed for a lot of it. You can see it in the check out line banana ben isn’t fooling anyone. How many articles in the last couple of weeks have you read about food inflation even the mainstream media is now writing about it.
The only deflation around is in things like flat screens. It’s a joke that anyone would count housing in deflation since it was a bubble, one the Fed helped inflate in the first place. Now the market is correcting that situation with lower housing prices and renters. The fed would be hard pressed to inflate it again because of the unemployment and investor’s now figuring out the banks stuck in toxic loans they knew were toxic. I don’t know who the deflation person is but they must not do the shopping no one could say that with a straight face if they did.
“Is Federal Reserve Chairman Ben Bernanke stoking inflation? Of course he is. Anyone with common sense knows that if you give $600 billion cash to the banks with no qualifications — as he did with the second round of quantitative easing — they will use it to speculate in the markets.”
http://www.bloggingstocks.com/2011/02/04/bernanke-denies-causing-inflation/
http://www.cnbc.com/id/41532903
Yes, but nobody is starving in the US yet. To the contrary, most are overweight.
Wait til gas gets to $5 a gallon as the dollar keeps sinking.
Gee...I wonder what happens to retail prices just after Christmas....and we are really putting a lot of stock in the price increase for six weeks since then???
Buy gold boys, buy gold...sell your homes, sell your wives, sell your children, buy gold...hell it is going to be the new currency anyway, right????
That’s ‘cause we know what’s coming. (at least that’s what I tell jiggygirl)
Could it be something more prosaic such as the expiration of holiday sales?
The day Ron Paul admits that he was dumber than dirt to support Gorbachev over Reagan in the matter of the Pershing missiles in Europe, because it was 25 years ago and the results are in, is the day he should crawl out of his hole and present ideas with some measure of credibility. Until then, he's a sock puppet for Lew Rockwell, why not eliminate the middle man and just support Lew?
Does anyone buy Rib-eye steak on a regular basis? I always try to get my wife to eat red meat since she eats like an air plant and became anemic. There's a small strip of meat on the outside of a rib-eye and with my method of preparation, it comes out tasting like a bacon-steak.
Anyway, the price of rib-eye has gone through the roof. It's almost punitive. I'd say a PI of some 100%-150% over the past two years alone.
2% my butt.
What he means is prices go asymptotic.
OK, if you have a way to make the lip on rib-eye taste better, then please post it for us!
And, of course, you are correct. Food inflation is around 35% and climbing. But, there must be a glut of rib eyes. Around here, they are around $6/lb, but you cannot find a whole strip loin any longer and when you do, they are $8/lb. As for bone-in steaks, they are $9/lb unless you find one on sale.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.