Posted on 03/26/2014 10:40:32 AM PDT by blam
The Real Inflation Fear - US Food Prices Are Up 19% In 2014
Tyler Durden
03/26/2014 10:20 -0400
We are sure the weather is to blame but what happens when pent-up demand (from a frosty east coast emerging from its hibernation) bumps up against a drought-stricken west coast unable to plant to meet that demand? The spot price (not futures speculation-driven) of US Foodstuffs is the best performing asset in 2014 - up a staggering 19%...
(snip)
We're not allowed to post charts from Bloomberg so you'll have to click to the site to see the chart.
(Excerpt) Read more at zerohedge.com ...
The feral government's numbers won't even show a blip.
There is NO INFLATION! My TV said so.
It also said that only racists, and Fox News-watching ZOMBIES would think there is any inflation. My TV wouldn’t lie to me, would it?
don ‘t worry i still see the ebt folks buying tenderloin and lobster and huge crates of soda. they’re doing fine with all our money.
meat expecially.....
tuna fish...
cheese, especially the brick cheese...
anybody check out the price of apples?....it seems the "sale" prices are $1.79 a pound....
Gas is up, milk is up, meat is up, building materials up, clothing up, shoes up, furniture up, appliances up, autos up yet there is no inflation. Amazing.
A Republican candidate could buy the senior vote by promising to base SSI payments on inflation of the things that seniors buy, such as food, eletric, and fuel.
If you really wanted to win seniors over, promise to recalculate the last 20 years and make back payments for the understated inflation rates. That would hurt our debt, but it would be making good on a promise that was made. And we’d take the next election by storm.
This time of year most apples are imported from south america. They had killing late frosts down there back in Sep/Oct at the beginning of their growing season. Supply is decreased accordingly.
I can't be the only one.
We have a half acre garden and our four hens are laying an average of 3 eggs a day. We just purchased 12 more hens. And we’re getting ready to purchase another calf in partnership with our neighbor.
Next on the list is solar and wind power.
"The argument is essentially that risks of very hot inflation are much higher now than they would be if we were coming out of a normal slump that didn't require QE."
Note: They will ALWAYS be buying lobster and tenderloins regardless of price while you have to skip the hamburger because it topped $10 per pound.
we spend more money on the elderly then we do for the kids....like a 10-1 difference....
the elderly are the only group in this country doing pretty well, holding lots of wealth, yet we give them all the freebies on the backs of working 20 somethings with kids....and we wonder why young people don't have kids....they can't afford to!
Under the obama regime this is not the result of inflation — it’s gotta be because of global warming or racism or too many guns or ...
Me too...same with tomatos.
I'm planting spring tomatos today.
There's no inflation because the gubmint decided to exclude the majority of these items cause they kept increasing the inflation rate; ergo, there is no inflation, according to the jug-eared moron brigade.
Good for you...cut the dependance.
Paper money backed by creative governmental financing and kenyanomic, what do you expect???
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