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you wont see this in MSM headlines
Does this mean they won't honor the buy-one-get-one-free coupons if you're seated before 5:00?
It's only 168% annualized (not compounded every 10 days however)
Technically, it should be compounded though, so the correct forumual is (1+ 0.046)^(365/10) - 1 = 416%
400%=Food riots=Balkanization of the PRC.
$19.40 per gallon of milk?
Are my calculations right?
8.6 pounds milk / gal
19.4 dollars per gallon
The price of a dozen eggs was over twice as expensive, and a liter of milk was nearly three times as costly, in China as in America.
This is actually really good news. Good to make people upset.
Absolutely correct Fish... the best thing we can do is drive these food commodity prices to the moon and then look at how many multiples of Global Annual Grain Production Goldman and Co. have on their books.
There will be blood in the streets.
Then "God's Work" will truly be done. But we need to drive these prices up hard and fast and NOW!!!
As a side benefit... as food inflation runs rampant throughout China the workers will demand more $$$ for their labor... thus helping the handfull of American manufacturing companies still producing real goods (you know... the 'old' economy) to become more competitive.
Oh... and the 28% increase in the price of cucumbers?
Roses aren't the only thing that goes up in prices right before Valentines day!
Actually, they pay $10.46 per gallon. keep it simple stupid KISS
US $3.49/gal x 3 = $10.50 in China
UK' inflation comes out in 10 mins
Fly lice for everyone
US $3.49/gal x 3 = $10.50 in China
Three times as expensive.
screw the ticky and the laundry, how do these people eat?
Three times was more than two months ago. Tyler's data is last week.
KISS no worky...you are going to need to improve your conversion abilities if you want to survive hyper inflation.
Sorry, I stand corrected.
Milk and milk by-products are not necessarily an accurate measure - Chinese diet uses far less milk than the US does per capita, and consequently there aren't the level of subsidies on it that there are in the US. Ditto beef. On the other hand, chicken, pork and rice prices are probably roughly equivalent, and they're at worrisome levels.
The chinese don't forcefeed their kids BGH milk and eat a bowl of cereal every morning. Chicken is but not so much, however pork, rice, bananas, cucumbers, lamb are pretty significant.
Agreed, but the parents do want the kids to drink more milk. They are encouraged to follow what's called the American model.
They'll put up with it until the plice of lice goes up. Then they won't.
Some of them are already eating plastic rice.
Has the cost of that gone up as well?
Check the price of oil to see if plastic rice went up...
Good news is the adoption rate of dogs and cats are skyrocketing!
You better lay low for a while Mr. P.
rotflmao..., advice well taken.
You'll see only the results of it several months later (at best), in the meantime, MSM moved on from Egypt to much more important news, like Justin Bieber's performance on Grammy.
Some really nasty shit hits the fan, when rice prices go up, since almost two billion people eat it every day.
Reason being is the 80-100% crop failure across the board in Mexico.
Plant life doesn't live very long with snow on them.
No worries. The stock markets are up. Everything is great... just ignore reality.
Any more global warming and we'll all freeze to death! :)
life in our anti demisonaly challenge existance
freezing is the new sweltering ...
debt the new wealth ..
truth , just filler between
the lies and deceptions ..
buy the dips
Some "GDP boosting" inflation sent to you from your dear friend Uncle Sam with Love.
Hug and Kisses, Timmy and Bennie.
Isn't that the whole purpose of POMO?
Retail "sales" in dollar amount was up- so people are buying more. Wrong.
U3 Unemployment is down to 9%- so economy is recovering. Wrong.
GDP was at 3.4% for 2010 projected at 4% in 2011- POMO works. Wrong.
I just do not believe it.
These aren't China stats.
Where are the listings for Tree Ear, Deer Lips and Duck Tongue?
I don't even see "Dog, medium (10-25 kg) - juicy".
Com'on man. What kind of show are you runnin' here?!
Right on, banko. No listing for Cashew Kitty, Bird Nest Soup, or even Tiger Penus.
On the other hand, what is hairy tail, and why do I probably not want to know?
Only liberals get away with blatant racism..
Its got more to with MMT then MSM anyway - check out Jesse for a series of great blogs about the subject , he uses Cullen Roche article on MMT as a background for his thoughts - very enlightening.
Anyway its Bernanke's gift to Asia - such power ,such power - it must corrupt.
How many people will Bernanke eventually kill? My money is on millions.
"Now Doug Kass Is Spreading Rumors About John Paulson Dumping His Gold"
Read more: http://www.businessinsider.com/doug-kass-john-paulson-gold-twitter-rumor-2011-2#ixzz1DxDLmOo4
Certainly the amount Hitler killed will pale into insignificance in comparison, but because they are spread around the world and 'only' poor no-bodies will not be counted, just like the unemployment figures
I'm honestly so friggin tired of BI. Their entire editorial direction shows ZERO courage, ZERO credibility, and ZERO integrity. Their business plan is so obviously about the exit strategy: selling out to a MSM company.
Practically every single headline of theirs is essentially pushing the "established" view. For ages they have been absolutely denying any evidence of inflation, but now that inflationary headlines are starting to appear in MSM publications, they have suddenly started parroting these.
Oh, not to forget about gold. When gold goes up, it is completely ignored. As soon as it goes even moderately down, Weaselthal writes 6 pieces about it. It might as well be a cheap copy of Marketwatch.
Paulson sees the end of QE. Getting out of gold before the crowd. BTW a wonderous sign of a crowded trade is one in which interest is only piqued when price moves against the hopium of the masses. ,-)
You calling my Marketwatch "cheap"? Good for you.
I'd call it a whore, but that would be insulting an honest profession. :>)
Hear, hear. I deleted the BI link I had created on the iPad months ago; it is quite evident that this site is an appendage of the Huffington Post.
I think the word you are looking for is 'whores'.
Edit: You beat me to it, CD.
Pimp is spelled CNBC
Who owns CNBSC? Who owns them?
Who owns Obama? Who owns them?
Those that own them also own others. Left, Right, Center, Tea. All owned.
Want to know who is owned and not? See if they support Glass-Steagall.
(other than ignorance)
Those that are not owned prefer Glass-Steagall
Those that are owned say it's either
a) won't work
b) unconstitutional (bs)
c) not needed/doesn't apply
All are full of shit.
The kelptocracy, otherwise known as our British Imperial Monetary System (trending fascist) in practice will not allow Glass-Steagall at any costs. Why?
Because the ideal, the standard (the real stress test), that Glass-Steagall would put the world through would destroy all fraudulent endeavours as well as any entity related to it. Which would be many.
In other words, good times.
But people don't have the balls, the intelligence, and have become too 'captured' by monetarist ideology to really want to implement the ONLY solution.
Cut the fraudulent debt. Then talk about cuts. (guess what, after glass-steagall takes out fraudulent debt....you won't have to talk about cuts...gasp)
It really is as simple as Glass-Steagall
Of course the not so simple part is ramming it through the captured or idiot heads.
Who owns Obama ? Goldman. Hank was the broker. Bought on the cheap.
ROI to infinity.
Weaselthal is either an extreme idiot or someone positioning to sell BI to some MSM crap site and trying to bring up the hit count by writing columns that people respond to in the negative because they are so incredibly stupid. Every time I begin to read a column at BI that is obviously an incorrect, clueless interpretation of some market event, I check the author and, sure enough, Weaselthal wrote it.
"I think it’s entirely unfair to attribute excess demand pressures in emerging markets to U.S. monetary policy because emerging markets have all the tools they need to address excess demand in those countries. It really is up to emerging markets to find the appropriate tools to balance their own growth."
Just get rid of the reserve currency thingy and you'd be right.
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