RollForward the Prices
Posted on 11/13/2010 9:39:09 AM PST by Trod Upon
From http://www.cnbc.com/id/40135092
"There might not have been a second round of quantitative easing, if Federal Reserve Chairman Ben Bernanke shopped at Walmart.
A new pricing survey of products sold at the world’s largest retailer [WMT 54.13 -0.21 (-0.39%) ] showed a 0.6 percent price increase in just the last two months, according to MKM Partners. At that rate, prices would be close to four percent higher a year from now, double the Fed’s mandate...."
(Excerpt) Read more at cnbc.com ...
Miss Carter yet?
Food prices in my area have been slowly going up for well over a year - I was with my daughter the other day and she wanted to buy some hand lotion - I was stunned at the prices - $11 for hand lotion and that particular item was on sale marked down from $13 - who pays $13 for hand lotion - my daughter certainly didn’t - we went to Walmart instead and got their brand of lotion for I think it was three bucks and it had the same ingredients as the thirteen dollar job
Don’t forget about how products have shrunk in size already. This is nothing but a gift to the TBTF banks who we already bailed out, and a way for obama to continue his spending. It amounts to a back door tax increase on everyone!
Smaller packages is a particularly nasty trick these days.
It is a very sneaky way to hide price increases.
RollForward the Prices
Yep, gasoline and food prices are up in my area.
Same here. Thanks to Hopey-Changey.....
Anyone who eats has noticed that prices have been going up lately.
For those who absorb all their nutrients from the air, it’s not so bad, but for the rest of us, the price increases are noticeable.
I have been noticing the trend for some time.
The inflation rate is MUCH higher than .6% if they would figure the decreasing quantity of coffee, cereal, cleaning products etc. for which the normal family is paying the same price as when the packages were larger. The Fed’s “market basket” doesn’t figure the product shrinkage. It’s an old trick from the Jimmah Carter I era.
Just as well I suppose, most of it is junk food anyway and was easily scratched off our list.
Get ready for a big push towards generics and away from brand names in the supermarket. Generics were born during the Jimmy Carter STAGFLATION then receded under Ronald Reagan. They came back during the 1990-1992 recession then receded again
We should be seeing lots more private label goods and generic goods in supermarkets with Obongo’s Zimbabwe style of economics -— INFLATE INFLATE INFLATE INFLATE like your favorite African kleptocrat socialist dictator
Wild caught Alaska pink salmon —— @$2.38 or so. Always one of the best deals in the supermarket. If you want the caviar of the sea get canned red salmon
It’s not inflation...it’s “Dem-flation”!
Wild caught Alaska pink salmon —— @$2.38 for large 15oz can. Always one of the best deals in the supermarket. If you want the caviar of the sea get canned red salmon
Dont worry QE2, QE3, QE4.... QE27. Will save us!!!!
Good. Bring it on. We need to inflate the dollar along with budget cuts, to reduce the real value of the national debt. Sadly, after the mess brought forth by our idiot politicians, it’s the only way. Not ideal, hardly ideal, but necessary. Austerity now... or no nation later.
Walmart's business model (sourcing) will probably need to change.
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