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PPI = up 1.8% in last month (June '09). Core rate up 0.5% which equals an annualized rate of 6.0%!
So basically we continue to have a rather inflationary economy here in the US, although now we have the rather peculiar coincidence of some deflationary trends rippling down certain sectors of the economy.
I have found another piece of inflationary evidence for you brave econo-forum-riders:
Here are some off-the cuff examples I've gathered showing price increases from 1990 to 2009 for various household products and stuff:
Just got back from my monthly trip to Whole Foods. Celestial Seasonings can very often be found on sale. Nonetheless, $3.89 is the new "sticker price" in many markets apparently. Until about 2006 the price was still under $1.80/box. I don't personally believe their tea is now outrageously overpriced either, believe it or not.
Again, I have to ask everyone, did your income increase 160% since 1990? What is the endgame here? Or is a long, hidden slide in the relative wealth of Americans in itself the endgame?
i agree with your post. i have noticed a big increase in the price of staples, and pet food prices have dramatically increased for my pets. i think what we are seeing is stagflation instead of just inflation. i think that the wealth of middle america is being transferred into the wealth of the super rich upper americans. as well, the poor aren't being hurt as drastically. i see that they have a program for free cell phones nationally and free cars, as well as the usual welfare and food stamps. (which you can bet is drastically on the rise now) how is the middle class supposed to pay to keep this up?????
the poor aren't being hurt as drastically. i see that they have a program for free cell phones nationally and free cars, as well as the usual welfare and food stamps. (which you can bet is drastically on the rise now) how is the middle class supposed to pay to keep this up?????
I disagree, I think the poor are being hit quite hard recently. Also, Clinton's Welfare Reform of 1996 really made it hard to stay on welfare cash assistance and food stamps for any significant length of time. Some of the poor are very fortunate to receive housing assistance/rent supplement, I believe that is still fairly widespread but mostly limited to urban areas.
Free cars and free cell phones?? Yeaaaaah right, Sandy. Please provide links so I can sign up. I don't believe that one for a minute!
PPI = up 1.8% in last month (June '09). Core rate up 0.5% which equals an annualized rate of 6.0%!
So basically we continue to have a rather inflationary economy here in the US, although now we have the rather peculiar coincidence of some deflationary trends rippling down certain sectors of the economy.
I have found another piece of inflationary evidence for you brave econo-forum-riders:
Here are some off-the cuff examples I've gathered showing price increases from 1990 to 2009 for various household products and stuff:
Just got back from my monthly trip to Whole Foods. Celestial Seasonings can very often be found on sale. Nonetheless, $3.89 is the new "sticker price" in many markets apparently. Until about 2006 the price was still under $1.80/box. I don't personally believe their tea is now outrageously overpriced either, believe it or not.
Again, I have to ask everyone, did your income increase 160% since 1990? What is the endgame here? Or is a long, hidden slide in the relative wealth of Americans in itself the endgame?
Hi POhdNcrzy,
I do not subscribe to this kind of anecdotal evidence for a reason. You cannot look at given commodities and microeconomic factors and draw conclusion about the macro economic data. The reason why tea is up in price is simple. I am sure herbal tea will track tea prices.
EA lovers face having to pay more for their brew because shortages have caused wholesale prices to jump by as much as a quarter. In Sri Lanka, one of the worst-affected producer nations, severe droughts meant that growers harvested less than half their normal yield for the first three months of this year.
Interesting how in the same thread it was about cheap ice cream.
As for grocery store items of course they are going up. Demand has increased while restaurant fair has decreased. Cheap items are getting more expensive just as spam is more popular these days. I tend to be better off since I buy more expensive organic items when I do buy it and offset it with growing my own and foraging. So I do not find myself in higher demand items and are considered worthless or gourmet. So I tend not notice so much. As of now, a days meal may go something like this.
Breakfast/lunch :
Service berries (free foraged)
Dandelion root coffee(free foraged)
black raspberry juice (free foraged)
free range eggs ($4 a dozen).
peanuts (less than a $1 worth)
peach from farmers market($1)
Dinner :
Local Free range chicken with olive oil ($12) herbs(parsley, rosemary, thyme are home grown)
Stuffed battered zucchini flowers with basil and cheese( home grown and cost of batter and cheese $1)
creamed sow thistle (foraged with cost of cream and seasoning)
Steamed snow peas(home grown, a little oil or seasoning cost)
Cucumber salad with dill( homemade yogurt cost of milk and starter)
As far as the macro economic picture it is more a matter of flattening out the swoon as I saw in March. May still has swoon in consumer credit.
So basically we continue to have a rather inflationary economy here in the US, although now we have the rather peculiar coincidence of some deflationary trends rippling down certain sectors of the economy.
There is nothing inflationary about the economy. Commodities have been rather volatile though, but another bubble seems to have already lost steam.
Too bad I don't qualify...and I can assure you I'm as poor as they come at present!
Now someone tell me about the free car program please....
BTW, if America is such a capitalistic free society, why is it illegal for me to buy a brand new Tata automobile made in India and selling for $2,000??
Too bad I don't qualify...and I can assure you I'm as poor as they come at present!
Now someone tell me about the free car program please....
BTW, if America is such a capitalistic free society, why is it illegal for me to buy a brand new Tata automobile made in India and selling for $2,000??
i dont think the free car program is national but i was using it as an example that the poor sometimes have access to programs that the working middle class cannot access: http://news.bostonherald.com/news/re...&position=also
here is another site for free clothes, shoes, and yearly medical check ups for the poor:http://www.stjosephfund.org/programs/usa-program.html (broken link)
free eyeglasseshttp://www.neweyesfortheneedy.org/us/need.html
i do think that the tata is a cute little car! of course going from zero to 50 miles an hour takes 16.4 seconds and i can't imagine the cars behind having much patience for that....
Last edited by floridasandy; 07-16-2009 at 01:26 PM..
I do think that the Tata is a cute little car! of course going from zero to 50 miles an hour takes 16.4 seconds and I can't imagine the cars behind having much patience for that....
Oh Sandy, that is exactly the whole point! I would like to see more horse & buggies back on the roads (did see one last summer). And of course more bicyclists as well.
In fact, I absolutely insist that our National Socialist leaders give me permission to buy a Tata and allow me to drive it on our local Controlled Access Highways! For those who would impugn my patriotism, l only wish to say, "Seig Heil! Seig Heil!"
One thing I follow is port traffic. Port of Long Beach is down almost 30% from last year.
Stores are frontloading their merchandise (that means one or two boxes with emptiness behind them).
Wallymart went so far as to rearrange their stores..widening aisles and removing the big displays in the middle.
Breakfast/lunch :
Service berries (free foraged)
Dandelion root coffee(free foraged)
black raspberry juice (free foraged)
free range eggs ($4 a dozen).
peanuts (less than a $1 worth)
peach from farmers market($1)
Dinner :
Local Free range chicken with olive oil ($12) herbs(parsley, rosemary, thyme are home grown)
Stuffed battered zucchini flowers with basil and cheese( home grown and cost of batter and cheese $1)
creamed sow thistle (foraged with cost of cream and seasoning)
Steamed snow peas(home grown, a little oil or seasoning cost)
Cucumber salad with dill( homemade yogurt cost of milk and starter)
As far as the macro economic picture it is more a matter of flattening out the swoon as I saw in March. May still has swoon in consumer credit.
Well Gwynedd1, bona fide deflation may be enveloping Europe and Japan, but a similar scenario is just not completely there yet here in the US(SR)A.
I find your combination of quel gourmand and hunter/gatherer to be a very hip cuisine indeed. I can't say I would turn down an invitation to dinner and a chance to admire that shrine to Milton Freidman you've assembled in your den.
Here are some off-the cuff examples I've gathered showing price increases from 1990 to 2009 for various household products and stuff (none of which I've ever used personally or anything):
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Yeaaaaah right, Sandy. Please provide links so I can sign up. I don't believe that one for a minute!
