BREAKING NEWS: Wholesale prices, a key inflation indicator, rise by biggest amount since late 2007 (insurance, buy)
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The fact that prices go up at all during a recession is a very bad sign. Guess it will be an inflationary depression after all as we predicted.
I think there's little doubt we're in for some major inflation. We'll really see it when the economy/jobs start improving. I strongly suspect inflation will outpace improvement in the economy, which will set everyone back a lot.
Just thinking out loud: I sure hope they hurry and get that health care bill passed because the way its looking we all are going to be unemployed and need health insurance.
Some commodities have been going up all along if you look at the details of the BLS reports.
The MSM reports numbers either "less energy" or "less food" which is a different number.
When energy had that big drop it offset those others rising and was used to report the numbers by the MSM.
Here's a link...take a look at the tables and look at YOY from 2008 or 6 months ended.
You'll see some items are tanking (dairy) while others rising (sugar) and tobacco the largest of them all for rising.
I'm not surprised. I've been reading the reports monthly and look at the tables.
Just thinking out loud: I sure hope they hurry and get that health care bill passed because the way its looking we all are going to be unemployed and need health insurance.
It will do you no good. Once unemployed you will not be able to afford government mandated insurance and therefore will be without coverage. Is anyone really gullible enough to think that non-deadbeat people who need help will ever get it?
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