Posted on 03/28/2011 7:51:59 AM PDT by Free Vulcan
U.S. PCE inflation up 0.4%, most since July 2008; spending up 0.3%
Real disposable income declined in February as consumer prices jumped by the largest amount in 2 1/2 years, the Commerce Department reported Monday.
Economists said the data show that higher prices for gasoline is starting to take some of the steam out of the economy.
The personal consumption expenditure index, which Federal Reserve officials say is a more accurate gauge of inflation than the better-known consumer price index, increased 0.4% on the month, the largest monthly gain since July 2008.
(Excerpt) Read more at marketwatch.com ...
Anybody who actually does their own grocery shopping has seen this coming for years. Food prices are skyrocketing around here (North Carolina). Everything is going up or having its package downsized for the same price, and it was happening BEFORE gasoline shot up.
}:-)4
There is no room for the middle class in Obama’s world.
The result of the healthcare initiative. Most likely. Companies calculating the cost to them.
You people in vacation land will have a long slow season. Better tighten the old belt another notch.
You people in vacation land will have a long slow season. Better tighten the old belt another notch.
You are 100% correct!!! Welcome to the new America, the world’s leading “third world nation” under the dictatorship, guidance & direction of POTUS Barack Hussein (Idi Amin) Obama!!! Americans, you done real good by electing “The Destroyer of the American nation”!!!
A lot of folks I know are getting serious about their gardens.
I bought what I thought was a 1 lb. box of Barilla wheat pasta... cooked it for diner and was wondering how the heck I nearly devoured all I made. I looked at the box... same size box as the non-wheat version, but the wheat version was ~ 12 oz.
Companies... do us a favor and do NOT trick me... you pi** me off when you do that.
I'm starting to see labels on packaging that don't tout "new and improved" ... but instead indicates something along the line of "same weight as before."
Pathetic.
Yep, time to get revved up about the great Staycation we’ll be taking this year .... to the local pool.
We are likely to see another massive wave of layoffs towards the end of this summer or early fall if gas prices hit the projected $4.50/gallon. If they go over $5/gallon, then we will see another major firm (like Bear Sterns) go belly up.
There are some high dollar items we want to buy. We’ll be buying right now to avoid price increases that are no doubt coming.
The American middle class was really the only obstacle to a One World Government. When we have been economically broken the Globalists can act with impunity. Here is a perfect example. The Globalist U.N. says bomb Libya. Globalist Obama says yessa, massa. The U.S. Congress and the American people have no say in the matter but have to provide the blood and the treasure. The Globalist then rub it in by explicitly stating on national T.V. that Libya presents no threat nor even in the national interest but Americans are going to be forced into a war with them anyway. That’s not a democracy or a representative republic. That is the New World Order.
According to Saul Alinski's Rules for Radicals, the middle class is the enemy. They have all the money and voting power because of their size. The goal is to destroy the middle class.
Yes, gas will hit $5.00 this summer. Count on it.
The left want food prices to soar by what ever means necessary.
High food prices gives the left the excuse to take over the food industry.
Control the distribution of food and one can control the population.
Most folks—NOT ALL—will give up anything including rights and GUNS in order to feed their family.
The bread I bought last week is now $.74 a loaf more.
Someone just told me that there will be an inflation adjustment in Social Security that will all go for medicare cost..
Obama’s policies are killing Americans..
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