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Food costs have gone up a lot, user id, by largely invisible means. New the last few years, ice cream not in half gallons, but in 1.75 quart containers at the same price, an increase of 14% (charging for 7 pounds at an 8 pound price point). Candy bars did the same, in little incremnets, .05 af an ounch at a time-5 times, now charging as a "extra large" what used to be smaller then the only size. Soda, cakes and pies, pasta, bread, etc, have all used this same trick.
it is pretty obvious to almost everyone on these boards that food prices are skyrocketing, but perhaps some of the posters are not responsible for their own food purchases.
package size shrinking and package prices rising.
again, we have inflation in what we NEED and deflation in what we own, which is possibly the worst scenario out there for the average american.
My claim is not that US monetary policy has no effect on the rest of the world, just that the rest of the world is not at the whim of the Fed. The Fed can't control the global economy.
Are you done arguing that point with yourself yet?
Have you ever wondered what they could do with the 9 TRILLION dollars they couldn't account for back in December? Even at today's inflated prices, that would be enough to buy every ounce of gold on the planet...or three years worth of the world's oil production.
Have you ever wondered what they could do with the 9 TRILLION dollars they couldn't account for back in December? Even at today's inflated prices, that would be enough to buy every ounce of gold on the planet...or three years worth of the world's oil production.
I bet they could buy a lot of econ 101 books, stack them to the moon no doubt.
I bet they could buy a lot of econ 101 books, stack them to the moon no doubt.
Oh, you mean those books where you learned that monetary systems can't go bankrupt and TIPS will protect you against inflation? They're good for a chuckle every now and then, but I prefer Calvin and Hobbes.
Oh, you mean those books where you learned that monetary systems can't go bankrupt and TIPS will protect you against inflation? They're good for a chuckle every now and then, but I prefer Calvin and Hobbes.
No the ones that suggest talking about bankruptcy of a monetary system doesn't make any sense.
Just go to any fast food or restaurant. You used to be able to buy a number 1, 2, 3, etc. at McDonalds for around $4-$6. Now they are all pretty much $6 and up. I used to be able to pick up what I needed for groceries for around $30-$45, now it gets to be around $75. And this is just over the last 5 years or so.
As far as property taxes, all I'm seeing is assessed values going down, but the tax rate going up. So overall the property taxes are still staying about the same as they have for the last few years.
My strategy for fast food places ( if ) I go to one . I buy the dollar menu item and skip the fries and drink.
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losing your job when you are fifty with 2 or 3 college bound teens and record unemployment rates, plus now you need to pay your heath care expenses out of pocket. I know a few people in that exact situation.
I'll have to keep working just to avoid becoming a bag lady.
Same here (or whatever you call a "bag guy") but you have to have some measure of health to work the street. In India, they come through the train stations every morning to haul out the dead bodies of street people that have (perhaps mercifully) reached the end of their meager existence. That's who we're competing with economically.
it is just starting to become apparent to most americans that things are getting worse and that the solutions proferred were never intended to help the average american out.
I hope you're right, but I'm afraid most Americans will still focus on the ball game and Lady Gaga.
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