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"But since that statement, interest rates have actually gone up, backfiring on a Fed chief who wants his quantitative easing to spark inflation of 2 percent annually. A moderate amount of inflation would be considered good for the economy. The problem is that inflation is already running well above a healthy level, investors said, Bernanke is just not looking in the right place, like a Walmart. 'I suspect that when the Chairman thinks about reflation he has a difficult time seeing any other asset besides real estate,' said Jim Iuorio of TJM Institutional Services. 'Somehow the Fed thinks that if its not ‘wage driven’ inflation that it is somehow unimportant. It’s not unimportant to people who see everything they own (homes) going down in value and everything they need (food and energy) going up in price.'”
True inflation using the old calculations..not the government skewed ones.
A trip to the supermarket should shows that shadowstats is more in line than the government.
And yes..Bernake's plan of lowering long Treasuries is NOT working..rates on long Treasuries have gone up, not down.
And food prices will go even higher in a few months because of what is happening in commodities today. Cotton is at an all time high..not this high since the Civil War folks.
The US has about 63 days of stockpiled grain...2 months. We sold it all off.
Yes, my food budget has gone up, even with me switching to store brands over national brands and cutting out pre-processed food. My food budget has gone up over 30% over the past year even with the switching and cutting out.
"But since that statement, interest rates have actually gone up, backfiring on a Fed chief who wants his quantitative easing to spark inflation of 2 percent annually. A moderate amount of inflation would be considered good for the economy. The problem is that inflation is already running well above a healthy level, investors said, Bernanke is just not looking in the right place, like a Walmart. 'I suspect that when the Chairman thinks about reflation he has a difficult time seeing any other asset besides real estate,' said Jim Iuorio of TJM Institutional Services. 'Somehow the Fed thinks that if its not ‘wage driven’ inflation that it is somehow unimportant. It’s not unimportant to people who see everything they own (homes) going down in value and everything they need (food and energy) going up in price.'”
I'm not an observant or regular shopper. Have you noticed price increases especially in food?
Of course the price of food has gone up, just about everything else has, too!
Have you noticed that a "half gallon" of ice cream is no longer a half gallon...they made them just a little bit smaller so buyers may not notice right away...price is higher though...
But that's just the USA...make a buck no matter how nasty or unethical or who you hurt....it's such a "christian" country....
Of course the price of food has gone up, just about everything else has, too!
Have you noticed that a "half gallon" of ice cream is no longer a half gallon...they made them just a little bit smaller so buyers may not notice right away...price is higher though...
But that's just the USA...make a buck no matter how nasty or unethical or who you hurt....it's such a "christian" country....
yeah...why do we have to pay for ice cream and things?
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,774,755 times
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Quote:
Originally Posted by LauraC
"But since that statement, interest rates have actually gone up, backfiring on a Fed chief who wants his quantitative easing to spark inflation of 2 percent annually. A moderate amount of inflation would be considered good for the economy. The problem is that inflation is already running well above a healthy level, investors said, Bernanke is just not looking in the right place, like a Walmart. 'I suspect that when the Chairman thinks about reflation he has a difficult time seeing any other asset besides real estate,' said Jim Iuorio of TJM Institutional Services. 'Somehow the Fed thinks that if its not ‘wage driven’ inflation that it is somehow unimportant. It’s not unimportant to people who see everything they own (homes) going down in value and everything they need (food and energy) going up in price.'”
I'm not an observant or regular shopper. Have you noticed price increases especially in food?
Hyper inflation is on the way. Unlike regular inflation, hyper inflation is caused by currency devaluation and only effects the price of commodities such as gasoline and food so you can have a vast amount of hyper inflation with little inflation because other prices may stay the same or even deflate. So lets say gasoline goes to $5 a gallon and bread to $5 a loaf BUT at the same time the prices on houses, clothes and cars fall. Since the Federal Government EXCLUDES the prices of food and energy from the inflation index, the rate of inflation might be zero even though you feel it at the store and gas pump.
Hyper inflation is on the way. Unlike regular inflation, hyper inflation is caused by currency devaluation and only effects the price of commodities such as gasoline and food so you can have a vast amount of hyper inflation with little inflation because other prices may stay the same or even deflate. So lets say gasoline goes to $5 a gallon and bread to $5 a loaf BUT at the same time the prices on houses, clothes and cars fall. Since the Federal Government EXCLUDES the prices of food and energy from the inflation index, the rate of inflation might be zero even though you feel it at the store and gas pump.
Why does the Fed Gov exclude the price of food and energy from the inflation index???
"But since that statement, interest rates have actually gone up, backfiring on a Fed chief who wants his quantitative easing to spark inflation of 2 percent annually. A moderate amount of inflation would be considered good for the economy. The problem is that inflation is already running well above a healthy level, investors said, Bernanke is just not looking in the right place, like a Walmart. 'I suspect that when the Chairman thinks about reflation he has a difficult time seeing any other asset besides real estate,' said Jim Iuorio of TJM Institutional Services. 'Somehow the Fed thinks that if its not ‘wage driven’ inflation that it is somehow unimportant. It’s not unimportant to people who see everything they own (homes) going down in value and everything they need (food and energy) going up in price.'”
I'm not an observant or regular shopper. Have you noticed price increases especially in food?
I have noticed. Pork loin is $1/lb more than we paid for it last year this time, and when was the last time you found a full pound of chips?
Cans of tuna are smaller (again). This is the new trick ... the sizes are smaller. Even the cat food. What was once an 18lb. bag is now only 16lbs.
Look what they did to yogurt too. Same thing. there is hardly enough in those little cups to put in your eye. At one time, they were 8oz cups.
Anything that is realted to corn is more expensive (making fuel from food). Eggs, pork, whatever is fed with corn or a corn product.
Butter has been going up steadily. Coffee. Coffee creamer.
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