Posted on 04/15/2014 5:58:37 AM PDT by blam
CORE INFLATION UNEXPECTEDLY RISES
Matthew Boesler
April 15, 2014, 8:30 AM
Inflation unexpectedly accelerated in March due to increased costs of food and shelter, according to just-released data from the U.S. Bureau of Labor Statistics.
Both the headline consumer price index and the "core" price index (which excludes food and energy prices) advanced 0.2% in March from the previous month, ahead of consensus estimates for a 0.1% rise in both series, matching February's pace.
The year-over-year change in the core index rose to 1.7% from 1.6%, while the year-over-year change in the headline index was boosted to 1.5% from 1.1%.
Economists expected the former to hold steady at 1.6% and the latter to rise to 1.4%, due to a drop in energy prices in March 2013.
(snip)
(Excerpt) Read more at businessinsider.com ...
Don't forget bacon at $5 - $6 a pound.
That's why the 2012 election seemed so depressing to me.
It appears the combination of crony capitalist money and entitlement army votes is unstoppable now.
Over the past few years the rise in food prices in the grocery store amazes and frightens me.
Most politicians are too busy being pompous jackasses and spending our money like drunken sailors. They never shop for food or staples like normal people. Just saying.
The Gold market is 2% physical bullion and 98% paper promises - promises made by organizations that either have no gold or that hold 70 paper claims on every ounce.
The spot price is based on this fiction.
One day it won't be.
It is ugly out there.
Oh, puleez! Anyone who shops for groceries can tell you that prices have been rising for a year now. I’m sick of all these “reports” done by people who are being paid to think up these reports to tell us what our common sense has been telling us.
It will eventually be forceably stopped by what our corrupt policitians will call an "adverse economic event". To the rest of us it will be a financial calamity. Its just a matter of time before the house of cards comes crashing down.
Unexpected. Again.
*******
Just another “bump in the road”. /sarc
You’re correct of course.
The challenge is knowing the timing of the meltdown.
I guess the master plan to have it start busting out like gangbusters on January 21, 2017 is coming unraveled.
Gravity pulls objects down? Seriously? There should be a law.
*DRINK*
The very fact that the Fed has continued to spend trillions to artificially prop up the economy and levitate the stock market illustrates just how severe the underlying problem really is and how much of a failure the attempts at central planning have been. Our national debt is a disgrace and a ticking time bomb.
There should be a law.
************
But only after multiple congressional committees hold dozens of hearings and commission several blue ribbon panels to study the matter. /sarc
Sometimes I just don't understand what people are thinking, if they are thinking at all. The purpose of acquiring gold is to have something that's yours, is easy to keep safe, is easily identifiable, has a verifiable value, and can easily be traded or bartered. I'd think $5 gold bullion coins, current mint, are the best way to do that. I don't own any, it seems a little late to take that direction.
But why would anyone accept a piece of paper saying you have gold when the purpose of having gold is to have it?
Please, correct my thinking where I've gone astray.
Armenian and Chinese children are now being told “eat your peas, American children would love to have that”.
I am in Ventura and passed a ‘cheapo’ gas station last night. $4.28 for regular!!!! Premium, winch my car uses, was $4.60. Eeeekkkk!!!
So interesting that $4 gas was deadly for Republicans in 2008 and not for Dems in 2012.
Ethanol?
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