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NIA Releases Food Price Estimates For A QE2 World: Bread To $23.05, Corn To $11.43, $62.21 For Sugar
On one hand we have the WSJ writing day after day that prices of food and energy products are not "really" rising. On the other hand we have empirical evidence that virtually every staple is already higher in price, or is being served in proportionally smaller portions. One possible arbitration on the issues comes from the NIA, which even if biased, does provide an estimate of where prices of various key perishables will end up in a post-QE2 world. These are as follows: "$11.43 for one ear of corn, $23.05
for a 24 oz loaf of wheat bread, $62.21 for a 32 oz package of Domino
Granulated Sugar, $24.31 for a 32 fl oz container of soy milk, $77.71
for a 11.30 oz container of Folgers Classic Roast Coffee, $45.71 for a
64 fl oz container of Minute Maid Orange Juice, and $15.50 for a
Hershey's Milk Chocolate 1.55 oz candy bar." Granted these are likely somewhat whimsical, but even if they are partially correct, it would mean the bulk of US society, as we pointed out previously, is in for a long, cold, hungry winter.
From the NIA:
The National Inflation Association today announced the release of its
report about NIA's projections of future U.S. food price increases due
to the massive monetary inflation being created by the Federal Reserve's
$600 billion quantitative easing. This report was written by NIA's
President Gerard Adams, who believes food inflation will take over in
2011 as America's greatest crisis. According to Mr. Adams, making
mortgage payments will soon be the last thing on the minds of all
Americans. We currently have a currency crisis that could soon turn into
hyperinflation and a complete societal collapse.
"For every economic problem the U.S. government tries to solve, it
always creates two or three much larger catastrophes in the process,"
said Adams. "Just like we predicted this past December, the U.S. dollar
index bounced in early 2010 and has been in free-fall ever since.
Bernanke's QE2 will likely accelerate this free-fall into a complete
U.S. dollar rout," warned Adams.NIA projects that at the average
U.S. grocery store it will soon cost $11.43 for one ear of corn, $23.05
for a 24 oz loaf of wheat bread, $62.21 for a 32 oz package of Domino
Granulated Sugar, $24.31 for a 32 fl oz container of soy milk, $77.71
for a 11.30 oz container of Folgers Classic Roast Coffee, $45.71 for a
64 fl oz container of Minute Maid Orange Juice, and $15.50 for a
Hershey's Milk Chocolate 1.55 oz candy bar. NIA also projects that by
the end of this decade, a plain white men's cotton t-shirt at Wal-Mart
will cost $55.57.
The report highlights how despite cotton rising by 54%, corn rising by
29%, soybeans rising by 22%, orange juice rising by 17%, and sugar
rising by 51% during the months of September and October alone, these
huge commodity price increases have yet to make their way into America's
grocery stores because corporations have been reluctant to pass these
price increases along to the consumer. In today's dismal economy, no
retailer wants to be the first to dramatically raise food prices.
However, NIA expects all retailers to soon substantially raise food
prices at the same time, which will ensure that this Holiday shopping
season will be the worst in recorded American history.
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But we need to increase the SPX. All that other stuff doesn't matter.
,
It matters to the penny stock pitchmen. Sensational!
You are looking at it all wrong according to CNBC:
We need to look at it this way, the rising cost of food means CONSUMERS ARE SPENDING MORE MONEY and that is great news according to those bubble heads on TV. It also means sales in dollars will be up for retailers and that it great news...
So it is obvious to see the scam and how truly horrible this is IF you know how to look at it in REAL terms and not CNBC hype-meister BS.
and when someone drops dead from starvation or exposure then it's great news because they won't be getting social security or food stamps or free medical care.
Downside to that: Coffins = $200,000+
It will be like Monty Python's "Throw out your dead."
Somehow, 1984 is still required reading in our local high school. I don't know how it has remained under the radar thus far.
Just finished it again the other night. Never in a million billion years would I have ever guessed we could so accurately and rapidly reach the point where we mirrored Orwell's nightmare.
Why are the DOW futures down 70+ points at the moment? What just shat?
Patience grasshopper, Cramer's trying to figure how to spin CSCO's diarrhea as bullish
CSCO down 13% in AH. OUCH. Robo - can you throw out a chart?
I second that request...Robo we need a full-blown boner chart on CSCO and some commentary of which only you can deliver.
it would mean the bulk of US society, as we pointed out previously, is in for a long, cold, hungry winter...NIA projects that at the average U.S. grocery store it will soon cost $11.43 for one ear of corn, $23.05 for a 24 oz loaf of wheat bread, $62.21 for a 32 oz package of Domino Granulated Sugar, $24.31 for a 32 fl oz container of soy milk, $77.71 for a 11.30 oz container of Folgers Classic Roast Coffee, $45.71 for a 64 fl oz container of Minute Maid Orange Juice, and $15.50 for a Hershey's Milk Chocolate 1.55 oz candy bar.
Soon? NIA forecasts are for those prices in a decade, not a season
42% obese Americans may have a new diet on Oprah
Why are the DOW futures down 70+ points at the moment?
They sold at a discount all week, perhaps on anticipation of Clif High's tipping point
http://www.halfpasthuman.com/nunums.html
It's amazing how it always comes back to guns and butter.
Frosted Flakes, bitches.
Re-Electing Jerry Brown is another example of the Stockholm syndrome...
Bingo
Let's see exactly what he and $300 M from unions complaining about Whitman spending $129 M of her own money for the campaign can accomplish with a $35 B budget shortfall
Will China Germany Japan and UAE buy CA deeds and tax delinquencies?
A little much, but I think everyone at ZH gets the point. Beck mentioned these guys on air the other day. Commence junking now.
Full commercial free episodes can be seen at The Daily Beck:
http://www.watchglennbeck.com/
The Daily Beck
I take my daily Beck around 11 in the morning after a couple of cups of coffee.
Thank you. Thankyouthankyouthankyou.
I've been trying to get the show from last Friday, with Damon Vickers. Now I have it.
Would some of you be so kind as to chime in on your opinions of Damon Vickers?
Are they projecting two months price increases linearly through 2020. That's not very helpful........
No, because what started as the slow 20-50% annual increase in prices in Zimbabwe became the daily and hourly rate of price inflation. So the NIA could be a bit too conservative in their estimates.
I am still a Zimbabwe multi-trillionaire, bitchez! Holding on to my 10 ten trillion dollar bank notes. Dow to 100,000 by 2012, wealth effect baby!
Exactly. The move is much more likely to be parabolic.
$62 quadrillion dollar sugar, bitchez.
True, but it also isn't helpful to wait for the trend to become obvious to everyone before pointing it out.
Is this part of Michelle (Antoinette) Obama's anti-obesity program?
Ha-Ha, I was scrolling down to make a similar comment.
If beer ever gets to the point where J6P can't buy a case of bud for less than $50 there will be some Populist issues. Clinging to guns and religion is nothing compared to the thirst of drinking beer.
May I recommend grain alcohol and rainwater ?
In Pennsylvania (where Obama says all the clinging to God and guns goes on) grain alcohol is outlawed. Worse than that, Bud bought out Rolling Rock a couple years back.
http://business.financialpost.com/2010/11/10/beer-champs-on-the-ropes/
And then Bud was bought out as well.
I do have some shine in the cabinet, but I love a good hoppy beer
Hop crop way down this year. Tupper's Hop Pocket was one of the best.
- started some Hops in the garden this year, fucking eh.
I expect 10 or 11 ounce cans in the near future. Bastards.
Looks like I picked a bad time to stop sniifing Glade Air Freshner
Hospital! What is it?
It's a big building full patients, but that's not important right now.
You have clearance, Clarence.
Roger, Roger.
What's our vector, Victor?
Bobby, have you ever been in a Turkish prison?
They just have our best interest at heart. We will be skinny, addiction free. Pissed off but without guns! Gas will be too treasured to waste in a moment of road rage. Don't be sad, the free healthcare will allow everyone to be placed on anti-depressants (or in the psych ward).
good call, IMO. some imports from EU are now 11.2 oz bottles.
gonna need to change the acro to J6.5Psince he's going to be thirsty not getting his normal 72 oz/6pk
The good ole days of Miller "Shorties" in 7 oz bottles, known by some as "hand grenades".
Uh, don't y'all have a still where you come from?
Yeast bitchez ;-)
As the rednecks say "Fuckin ayeee"
hard cider remains the quickest and easiest.
You have clowns to the left of me like Michael Mann creating AGW hockey stick graphs, on the other side you got jokers like NIA creating hyperinflationary CPI basket hockey stick graphs, here I am stuck in the middle with you.
Stuck in the middle with you,,,
Oh yes I'm stuck in the middle with you.....
Heh. See my user name.
one of my favs
http://www.youtube.com/watch?v=jpWzbZGk3eA
I paid $1.39 for a snickers bar yesterday.
and I wasted 1.39 seconds realizing you were stupid........we both lost but you got fatter............
WTF? You got a problem with a Snickers bar?
Issues, my friend. Issues.
and a 1964 dime is worth 2 bucks now.............deflation bitchezzz
Martin Wolf wrote a piece today in the FT entitled "The Fed Is Right to Turn on the Tap"...let me guess he lives in London and doesn't have to worry about our currency taking a dirt nap.
Probably doesn't even know anyone in the 98 percentile..
Interesting that they come up with such exact figures. I am not sure I trust these NIA guys. The fear mongering is palpable, and the association with Jon Lebed seems shady given his record. That said, I do not entirely disagree with the premise.
QE2 alone won't produce such exaggerated prices. But look out for what else the friendly bankers have in store for us.
This week cat liter is up about 7% (3.99 to 4.29) and trash bags up about 10% (3.79 to 4.19).
Then kill the cat and send him off in a trash bag.........or better yet....compost the cat in the garden and grow a potato or fry the cat up frickasee style and enjoy a good meal.......BWHAHAHAHHAHA...........improvise and adapt bitch
You're a dick. I only say that because you are what you eat.
Cat farming would be a pretty good source of protein in the new world. They grow fast, require little input, and they are a nice lean meat. The litters are also pretty decent sized and a female can get multiple litters per year.
Ever heard of rabbit starvation? Might be the same with cats, but I wouldn't be turning away the bowl if you had some and I didn't.
Cats require way too many calories per pound of flesh, and are picky eaters. Chickens get fat eating fly maggots off of cow shit. This I do know.
Ah good to know.
Plus cleaning the hair off your tongue after eating cat just completely ruins the experience...
It's quite easy to "skin a cat". Just be sure to stock up on soy sauce. Cat, rice and soy sauce, good eatin in 2012 Amerika.
Plus cleaning the hair off your tongue after eating cat just completely ruins the experience...
That's what he said...
Nice.
Say hi to Jenga.
Cat farming would be a pretty good source of protein in the new world.
This time it's different?
Understood. My point is would Bread $23.00 or Corn $11.50 not make the case? They are clearly putting together outrageous, yet precise figures, in an effort to make it appear they've got it all figured out. Instinct tells me they have something to sell.
Should we ignore the message? Not at all. But what is the angle?
"Instinct tells me they have something to sell."
Your instinct is wrong, NIA sells nothing.
I suggest your check them out. Watch some of the DOCUMENTARIES, particularly "The End of Liberty."
inflation.us
No affilliation here.
While I agree that these price figures seem to be fabricated by their own estimates of how things will go down.. I'm not looking at the exact numbers..
But I agree with you completely that their videos are great!.. They should be watched by all.. Especially their latest "The end of Liberty"...
Tyler, you should post that.. I would love to see the comments on it.. Not to mention, it's a real eye-opener that should be seen by all..
While I believe we are in for inflation, I too agree with youre assessment about the NIA guys. They are fear mongering profiteers. They've been caught with some ridiculous "data" in the past.
I'm surprised that ZH insists on promoting them still.
'They are fear mongering profiteers."
NIA = Johnathon Lebed, george4title scam.
http://www.youtube.com/watch?v=MFcgwZ3xjJg
Does a cheetah change his spots?
Would you cite an "association" with Jon Lebed and any other information that you can find actully I am curious. The president of NIA is Gerard Adams, don't know him nor what is credentials are. He is in the videos. http://www.linkedin.com/pub/gerard-adams/b/411/957 There are "co-founders" but can't find a list of them.
The NIA website has no names in the About Us section; it is solely their platform. The other NIA guy, Bradford Hanson (or Daniel or Randall...there are many websites with dead end names), does a youtube channel visionvictory and pushes his stock/investment website futuremoneytrends.com and some other CSL company. I don't see anyone ever say or display their names in the videos introducing themselves. They are "predictors" but mainly repeat Schiff and Faber, who are friends on youtube.
Their economic stance is much like many ZHers but honestly they need to be a little more forward about who they are as individuals for credibility...they aren sending videos out all over the internet. They do push a lot of stocks through a few different websites.
They make good videos.
http://globetraveling.com/stories/interwebs/inflationus-nia-scam/
That is it? One person on a junky site with a broken video?
A long cold hungry winter for the bulk of US society?! Ha, I think not.
Food is dirt cheap. I can feed myself well on $4/day. And nat gas is down.
I predict a long, cozy, customarily sedentary winter, with a shitload of bad TV, massive consumption of processed foods, and few if any traditional outdoor winter time activities such as hockey next to the warming house, cross country skiing, snow shoeing, ice fishing, hunting, and paying someone else to shovel the snow.
That's because you are borrowing a hamburger today and will gladly pay us (+ interest) on Wednesday.
Great, make it a double. A whole bag of 'em if you don't mind. Mmm mmm.
How much do they project one serving of gold will cost?
No inflation in CSCO Q2 rev guidance. ONE BILLION US DOLLAR MISS !! LOL. Waiting for a $19 print tonite. Can't wait to see Cramer spin this plate.
Finviz.com provides my favorite visuals for anyone looking to understand how much inflation there is and what a joke Bernanke is:
http://finviz.com/futures_performance.ashx?v=17
Add to favorites. Thanks
In other words, gold #10 ytd
Speaking of FinViz, what's up with how blocky the 5 minute-bin gold prices have become?
http://finviz.com/futures_charts.ashx?t=GC&p=m5
I don't get it. There's a lot of intra-bin volatility on the gold, but it too often seems to exit the 5 minute windows flat to be natural. Is this an artifact of the data or is something actually going on?
Dunno.
I hadn't noticed it until you pointed it out. Strange.
I realize it's traded in dollars and not fractions thereof. It's just strange how flat it's been. I am not sure if I've just never noticed it before or if something else is up. Oh well.
Algo bot HFT prop desks?
Nice. Rough rice has more life than the dollar does.
Dan Gross is over on Yahoo Finance countering Palin's claim about inflation by pointing out that Flat Screen TV's and Housing are falling in price. That's good since I buy a few of each every week. If anyone wants to start the Dan Gross is a shill fanclub, I'll be the first to join.
Why can't people understand that there are different KINDS of inflation? Goods, Services, Wages, Assets, etc. They don't inflate in the same manner at the same time! Broad "basket of goods" techniques don't tell the whole story especially when you exclude Food, Energy, Education(!), etc. costs in the Headline Gubment Index.
"So my Food and Energy is inflating but thank God my house/assets are deflating so net there's no inflation to worry about!"
In particular I care most about food and energy inflation (since I'm not Bill Gates) and any asset bubbles due to credit expansion as those are particularly nasty to resolve.
and medical
Reading this site anymore is like watching a genius inject heroin. Such a waste. Both reading and the potential this site once had but which is lost forever. I mean yesterday the tinfoilers kept implying China launched a missile by LA and now this garbage, which, yes, is biased as is almost every article on this site now. I remember coming here and reading quality stuff. Now good posters like Robotrader get junked by these poli-tea party freaks who view anything in oppostion to them like some 5-year-old transvestite. UGH. Oh, junk away. Like that would bother me in fact the more junks I get the better I feel.
You lost me at "good posters like Robotrader".
If you don't mind my asking, which sites do you prefer?
It seems like most on this thread at this time dismiss these 2011 inflation projections, so what's the big deal it's just info not gospel?
The big deal is that I don't think, unless I'm just being obtuse, $62 for sugar is anything slose to being realistic. And I like Naked Capitalism, Credit Writedowns, and Seeking Alpha. But RoboTrader has had some good calls it's not just after the fact stuff. But as I am still here, the site still has some value I just am not buying into this whole hell in a hyperinflationary handbasket scenario when deflation is far and away real and happening. Homes are people's biggest asset and you know the info there. I just don't see hyperinflation happening and though G Lira arguments are interesting I dont need a daily dose of his thoughts...a series would have been sufficient because the only thing inflating is his ego. No offense Lira anyone's ego would grow with that much exposure (but in actuality I could not resist that pun!). Oh yeah, I go to Kitco for my quest for silver knowledge as I have been big on that and palladium for awhile.
You probably need to be here more than you realize. If someone told you an asteroid the size of New Zealand was going to hit the earth next week, your first thought would be, "how should I trade this?" Am I right.
I'd love to trade stocks again, honestly I would, but until somebody cleans up the crime scene, these markets are no different than the arcade at Chuck E. Cheese's Pizza time theatre (i.e. only an idiot thinks they're "winning" stuff). If you're actually reading Yves Smith, you know this.
You can't see inflation, because you don't want to. You want your house to go up, your stocks to go up, for ever and ever and ever. More stimulus!!! Lower rates!!! Free Lunch!!!
The heroin addict you should be concerned about may be closer than you think.
So who launched the missile?
Hahaha!
I think George Ure posted it today.
Missile Firing Solved?
The reader who sent in the link to the Notices ot Mariners Report found this entry which may explain the missile launch earlier this week from SoCal waters near Catalina Island. Check this out from Page 55 of the current Notice to Mariners report:
He goes on to list the info.
http://urbansurvival.com/week.htm for Nov. 10th
Oh, and why the Gov. didn't know that the Notice to Mariners report had the dates and places warned about in advance, THAT is the mystery.
Why didn't they just tell the truth, unless something didn't happen right...
So, a military exercise was planned and all the Gov didn't know, and We don't know what really happened.
I swear I heard this before...
Fort those about to complain about having to wade through the doc:
434/10(18).
EASTERN NORTH PACIFIC.
CALIFORNIA.
MISSILES.
1. INTERMITTENT MISSILE FIRING OPERATIONS 0001Z TO 2359Z
DAILY MONDAY THRU SUNDAY IN THE NAVAL AIR WARFARE CENTER
SEA RANGE. THE MAJORITY OF MISSILE FIRINGS TAKE PLACE
1400Z TO 2359Z AND 0001Z TO 0200Z DAILY MONDAY THRU FRIDAY
[...]
There was also a ZH reader in one of yesterday' threads who may or may not allegedly have been a former naval officer on San Nicolas which may or may not be a classified base. Makes sense to me -- except the reason to deny what it was what it was. As a wild-eyed piece of paranoia -- Carnival Splendor would have had more than just an engine room fire had the missile not been a dud/deactivated?
Too bad the dates don't match up
Yeah I have been watching that massive deflationary wave in almost every commodity for weeks now.... Oh and sorry but Robo now sounds like a bernanke or Nadler shill with his crap posts these days.
If by chance you, RM, see this, or any other knowledgeable passerby for that matter, please give us the fifty cent lecture on why/how deflation is the future because I honestly don't get it. My rule of thumb would be the printing of massive amounts of money which dilutes the money supply which equates to inflation. From what I've read, the Chinese and the Europeans and the Brazilians are on that same score card. If I missed something, please let me know.
The Yahoo Financial Forums await you.
I junked you to make you feel better about yourself. You'll need that self esteem to survive the grinding poverty.
I use Bloomberg for my charts but thanks for the boost. May I ask why you hate Rbotrader so much?
He systematically cherry picks data to try to make people think that gold is some sort of toxic investment. He has done this for ages, and has never admitted that he was wrong. He further attempts to disprove broad trends by posting hockey stick charts from single stocks, in companies that have little bearing on the sector being discussed (witness his posting of a used car company's chart to illustrate demand for cars(heavily implying new cars).
His vile dishonesty grates on me. There was a time when his comments were insightful, but it's like he has been kidnapped and replaced with a classic anti-gold troll.
Glad I could help you feel better! I think you could pass for a 6-year old tranvestite.
Ah ad homien attacks but no mention of my argument. Please refute it or in the words of your God, refudiate it. There I can play that game too.
Your argument "the world ain't what it used be" is too stupid to respond to, but I got a kick out of the Sarah reference. I'm no TEA-partier though.
You asked to be junked, so I junked you. I thought the insult would make you feel even better. I'm a giver.
Isn't that a great play.. The ole "it use to be good round here".. Trying to get the long-timers to jump on his waggon so they can all stroke each other till the white stuff starts flowing... Ohhh yeah... the good ole days...
I liked the good ole days when someone wiped my ass and fed me and clothed me and housed me...oh wait I guess these are the good ole days.
I agree with you man. This place is 75% gold bug hyperinflation, freeman, fear monger, internet conspiracy morons who understand nothing about financial markets and are unable to think for themselves, and the rest is split up by silent viewers and the occational intelligent/funny/witty contributors. You can literally tell how much truth is in something by how much it gets junked. The more the better.
It didn't used to be like that, breathing in the damn chemtrails-contrails causes brain clouds...
He would have been happier for your support if you had spelled "occational" correctly. Pedantic asshat/off.
LOL is it douchebag hour? If so you and your buddy are right on time.
It hasn't been the same since Cheeky, Chumba, and Project Mayham left.
Deadhead, Howard Beale, Anton LaVey, Apocalypse Now & Mediocritas on that list as well, although I saw Mediocritas pop up the other day.
All enriched whatever threads they contributed to, and are missed.
Dear Rick: from your comment on September 14:
by Rick Masters
on Tue, 09/14/2010 - 16:18#581736
I believe I will stop reading this site now. I
have been a faithful follower for too long. I just don't see any value
to any information posted here. Hypeintflation? Really? And then the
stupid commenters want a response from Mish and dont even speak of
hyperinflation. I dont know if blogs can jump a shark but if they could
this one did. No one will even remember this site in two years time.
Last year everyone said gold would be at 5000 now and the miltray would
be on the streets. Never going to happen.
First, let us know if we can assist in your weaning process: departing Zero Hedge should generally not take you two months (and ironically, it was you who brought up the heroin allusion.)Second, please check your Bloomberg for the move in commodities since your September post, the bulk of which have moved higher by 50-100%, and explain that to us.
Thank you in advance.
You've got a good memory there. Well said.
Why do all the sissy men who actually seek out and pay young men to be tea bagged not like tea? You gays are weird.
Isn't Johnny boy a member of your rainbow coalition?
Can't post a gold chart, eh? Too much Johnnyjizz in your eyes? It should come out with water, you know. If that doesn't work, try acetone. It's perfectly safe. Works best by candle light, I've found.
If Gold collapses will you vanish as did your wealth or will you stick around and admit you were wrong like a man would.
Ah, I get it now. You understand finances and markets denominated in dollars, but not money, where currency denominations are merely exchange rates amongst various money substitutes.
Gold is a static asset. It cannot collapse, as it will always be gold. For gold to "collapse" means that the substitutes must become rare in relation to gold stocks. The idea that this can happen in a global fiat world is not within comprehension, else it would've happened already, and that's even with the idea that monetized debt paper is wealth (its not).
The dollar is ultimately no more representative of wealth than any other financial asset. What some call deflation in regards to borrowers defaulting is really the destruction of promises of wealth, not wealth itself. To say that gold might collapse is to totally misunderstand currency debasement.
Of course, that misunderstanding is intentionally promoted, otherwise, the debasers would be fearing the death penalty for doing so.
With your logic, gold should sell for no more than someone is willing to pay a jeweler to create some bling (or according to Stalin, the going rate for urinals). Instead though, people realize the value in the failure of alchemy vs. the promises of politicians.
You remind me of a friend who is a city treasurer managing millions, that asks me every time gold goes up a bit "If I'm going to sell now?" I just laugh, shake my head and say, "You really don't understand money, do you?"
"You really don't understand honesty, do you?" I might say. Honest money.
LOL so if the Dow goes up another 20% but the dollar falls 20% does that make you a genius - you're a moron until you prove otherwise.
I've stuck around all my other forums every time gold has seriously corrected (including the time silver fell from $20+ to $9, so I don't see why not.
All the flying pigs might interfere with my signal, though.
Rick et al
I believe the reason for most of the consternation on lists about Gold is the collision of two paradigms that are about 45% off from each other.
One paradigm sees it as an investment like most others. Bought at one amount of species, and mark it with up or down movements against that species. Like one would do with wheat futures or Zinc futures.
It's an investment vehicle.
The Other paradigm, (Which I subscribe to) well people who have that outlook, the the following is very funny.
"Gold is for Optimists, I'm Diversifying into Canned Goods"
MG
and if I can generalize, They look at Au/Ag as something to be traded for Land, Food or someTHING, not for it's current value in some species.
You just don't trade it in just for FRNs etc Unless your back is against the wall. It's "Money OFF the Table".
Now when these two rough catagories (or blends) comment on the same board about the same article, Well, You will see many frayed nerves exposed.
I guess we will just eat beef, chicken, and pork...Atkins diet is back baby!
Actually the crap they feed to the animals nowadays is exactly the crap that is going up in price which means the prices of meat will go up too. That actually could lead to a shift in livestock management and a return to feeding animals diets they are supposed to eat... Namely grass and crap on the ground. Pigs, cows, chickens, etc. aren't physiologically adapted to a grain-based diet which is what all the big corps feed nowadays due to artifically suppressed prices.
+10000
This is a little rich. I'm pretty sure food will be priced to sell. Corn won't be $50,000 an ear unless paychecks are $50,000,000, and if paychecks are that high, then paying off the mortgage should be a snap.
The 14 trillion debt and 100+ trillion in unfunded liabilities will be chump change. As I type, I am looking at the $10 trillion Zimbabwe bank note on my desk.
Go Benny, go!! Dow 100,000 by 2012.
http://www.youtube.com/watch?v=oUZseMxE6P4&feature=related
http://www.youtube.com/watch?v=vdED3rVgIu4
NIA = National Idiot Association
dbl post
$60 bucks for sugar? HAHAHAHA....welcome to Pakistan bitchez!!
Actually foodstuffs be cheaper in Paki
But ONLY IF you can find them. Frequent outages on the shelves. Rumor is price and quantity manipulation by the ruling/central party. It's like looking into the future.
I don't know how they came up with those numbers and I don't really care. They always push things to the shocking extreme in order to get more attention. I don't trust them as a reliable source of information due to their shady nature as someone already mentioned.
I confess I am not very familiar with their work either so anyone should use with caution...of course there is the likelihood of price increases with our "Honorable" Chairman at the helm.
Yeah there are lots of reports of price increases already and those surely aren't going to stop with QE2 in the wings. The question is how much and the answer is nobody knows. So for them to throw some shocking number out there is just attention-whorish behavior in my opinion.
Guess what? People will just stop buying half of this shit. As for what they need? They'll buy less, cut excess spending, go back to barebones basics, and survive. But what does this mean for the markets? Hello margin destruction. Hello shitty earnings. Hello stock market collapse, hello depression/deflation. This won't fly. These numbers are whimsical, YES. EXTREMELY. Prices will COLLAPSE, not sustain themselves at high levels. What happened to oil at 132/bbl? Anyone??? Raise your hand if you know what happened to the 1500 square foot cookie cutter houses for $350k. Anyone??? This is just another "buy now or be priced out forever" head fake, except you're seeing it in regular items now. It'll self destruct before you ever see a loaf of bread that high. Get real.
NIA's founder Jonathan Lebed is not really a trust worthy guy.
Google it.
Are you a SEC mofo?
no, just an informed and honest mofo. btw your mom says hi.
You're NOT the storm trooper I'm looking for. I'll go about my business. Moving along...