Wal-Mart CEO Bill Simon expects inflation (Warns of "serious inflation")

USAToday | 03/31/2011 | Jayne O'Donnell

[jjsheridan5]

Good response. I read a series of articles recently about Chinese clothing manufacturers in a state of absolute panic. On the one hand, input costs (especially cotton, IIRC) are going through the roof. On the other hand, they know that they have little pricing power — their primary customers are Walmart-type customers, and they know that they can’t raise prices very far.

Right now, our printing press is exporting inflation. The question is how long the rest of the world will just take it.

[mewykwistmas]

I noticed that clothes are way more expensive now. Turns out cotton is up and is a Chicom labor. The new iPod generation ain't happy to work for cents an hour

[RC one]

I think it makes all kinds of sense to build up a large supply of preserved foods. There’s nothing crazy about it. It makes sense from an economic point of view as well as a survival point of view. Our grandparents knew better.

[jjsheridan5]

Stating the obvious. Most people outside the conservative venues don’t have a clue: Here is a little rundown for increases of several commodities and their rise over the last year—Cotton up 149%, Silver 115%, Corn 101%, Coffee 95%, Oats 76%, Wheat 69%, and Soybeans 49%. You can find it all at Finviz.com or any other futures service. Hyperinflation is coming folks and you best prepare for Obamugabe’s plan to redistribute US wealth out of this country. This pyschotic hateful SOB is destroying our wealth, our economy, and our kid’s future. He is the head of the snake.

And those prices increases are just the beginning. Inflation is a lot easier to start than it is to stop. We have really painted ourselves into a corner over the last couple of years.

[BenLurkin]

Buy! Buy! Buy!

[Eva]

So, how do you find a trustworthy investment counselor?

We have a sum of money that has just been sitting in a bank because my husband was uncertain what to do with it. I’ve been trying to tell him that it’s not a good idea, but apparently I haven’t been persuasive. He has lost confidence in the guy that we are using at this time because he seems to come up with some wild investment propositions and also, his business partners and offices seem to change too often.

[blam]

George Soros Making a Move to Control Food and Grain Production

[ncpatriot]

what a great idea!
my husband bought a dehydrator yrs ago; forgot all about it.

will bring it out now and use in.

thanks!!

[ncpatriot]

If Wal-Mart is predicting an inflation rise, we can inside of a year see all of the gains of the 1990’s and early 2000’s wiped out in the real effects on the vast majority of Americans.

We need to vote O out!!

[JerseyHighlander]

At this point, voting O out or not won’t change the inflation pain.

Alea iacta est.
The dye is cast.

[Zeppelin]

Very cool! Thanks for the tips and the link!

[scorchedearther]

The government has been lying and fudging all kinds of economic numbers and reports since Obama took office.

Do not believe a word they say.

[scorchedearther]

People are going to use things until they wear out.

Cars. (People won’t drive as much because of the price of gas.)

Clothes.

Shoes.

And anything else along those lines. Consumer spending will likely decrease except for essentials like food.