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Wal-Mart Fined In China For Deceptive Price Practices To Mask Inflation

Tyler Durden's picture





 

First, Wal Mart's primary gimmick for masking inflation was confined to using smaller packages sold at the same price. Now, it has devolved to outright fraud and misrepresentation. Top global discount stores Wal-Mart and Carrefour have both been fined in China for "misleading pricing at some of their stores in the nation, as the government works to rein in rising prices for consumer goods." Presumably outright lies (and being caught) are the last bastion before even such ultra low price point retailers are finally forced to hike their prices. Bloomberg explains further: "Authorities in cities including Shanghai, Chongqing, and Kunming discovered incidents at local Wal-Mart and Carrefour outlets that included labeling on products with prices that didn’t match what shoppers were charged at payment, exaggeration of discounts and labeling that led to confusion about how much a product cost. The stores may be fined five times the revenue they earned using such methods, the National Development and Reform Commission said today on its website." Our only advice on this news: get a channel checker for rice prices in China...

More from Bloomberg:

China, home to 150 million people living on less than $1 a day, has cracked down on price manipulation, ordered authorities to ensure the supply of foodstuffs and frozen contract coal prices to curb inflation that gained the fastest in more than two years in November before moderating last month. The NDRC in November fined units of PetroChina Co. and China Petroleum & Chemical Corp. for selling diesel above state-set prices.

Jiang Wei, a Beijing-based media relations official for Wal-Mart, said she couldn’t immediately comment on the fine. Carrefour China spokesman Chen Bo didn’t answer calls to his mobile phone.

And speaking of preserving margins, not to mention PP&E, we have yet to hear how Carrefour's Egyptian and Tunisian stores are faring these days.

 


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Wed, 01/26/2011 - 12:05 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Roach Says China Inflation Borders on `Serious Problem'

http://www.youtube.com/watch?v=AMRijetfbnU

Wed, 01/26/2011 - 12:37 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Sorry to go off topic, but here's more proven propaganda from the Lame Stream Media, to maintain the government 'story' that things are improving in the economy:

(Can you imagine two more contrasting ways to report the same 'data'? All is well in Amerika)

http://finance.yahoo.com/news/Newhome-sales-in-2010-fall-to-apf-45265034...

New-home sales in 2010 fall to lowest in 47 years Buyers purchased fewest number of new homes last year in nearly half a century

Or, the slighlty 'spun' version:

http://finance.yahoo.com/news/New-homes-sales-hit-8month-rb-1117282195.h...

New homes sales hit eight-month high

 

 

 

Wed, 01/26/2011 - 12:37 | Link to Comment ColonelCooper
ColonelCooper's picture

That is freakin' amazing.  Well, actually not.  Nothing is amazing anymore.

Wed, 01/26/2011 - 12:41 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Here are direct links, both from 'Yahoo Financial News' (apparently for Yahoos):

 

New-home sales in 2010 fall to lowest in 47 years - Yahoo! News


New homes sales hit eight-month high - Yahoo! News


Wed, 01/26/2011 - 12:50 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Truth, very interesting. I have a yahoo mail account so will click on news stories once in a way and then scroll down to the comment section.

Becomes clear in an instant that Yahoos outnumber ZHers or NakedCaplitalists by 1,000,000 to one. The most senseless or gossipy stories have upwards of 1,00 to 1,500 comments and multiple replies.

Clearly the MSM know where they need to hit the sheeple. In fact, the same sheep will click on both stories and comment with an inane one-liner.

Very strange and yet, exactly how it is.

ORI

http://aadivaahan.wordpress.com/2010/11/12/wisdom-for-warriors-3/

Wed, 01/26/2011 - 20:44 | Link to Comment Carl Spackler
Carl Spackler's picture

All Hail, QE2 is dead (or at least not working).

 

Doesn't mean they won't keep banging their heads against a brick wall in Washington, though.

 

Wed, 01/26/2011 - 13:43 | Link to Comment bankonzhongguo
bankonzhongguo's picture

Funny how China seems to have better consumer regulators and watchdogs than team obama. 

Once Wal-mart builds out their nationwide stores and distribution network - 20 years, the Chinese WILL come in and otherwise kick Wal-mart out and hand the assets over to some China brand - Great Wall Mart.

I've seen this time and again with major brands and Fortune 100.  One need only look at McDonald Douglas - China case study to see where GE, Intel and Boeing are headed.

Goin' downtown to Chinatown.

 

Wed, 01/26/2011 - 12:06 | Link to Comment Jason T
Jason T's picture

Those that live on less than $1 a day are self sufficient..barely, but it's not like all they have is money and they are dependent on money to live.  

Wed, 01/26/2011 - 12:07 | Link to Comment DonnieD
DonnieD's picture

Sounds like the Chinese government trying to blame the retailers for inflation. Interesting they targeted an American and French company.

Wed, 01/26/2011 - 12:11 | Link to Comment dark pools of soros
dark pools of soros's picture

did you miss the whole 'fraud prices' part?  they never blamed walmart for raising prices as long as they told the customer

Wed, 01/26/2011 - 12:17 | Link to Comment DonnieD
DonnieD's picture

Do you believe the Chinese government?

Wed, 01/26/2011 - 12:22 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

In this instance, I do.

 

by hedgeless_horseman
on Tue, 01/25/2011 - 14:59
#903621

 

With Sara Lee® Delightful™ White Bread, you can enjoy a great tasting meal without feeling like you're missing out. Delightful™ bread gives you the taste and texture you love, but with only 45 calories per full-size slice. So go on, make yourself a delicious sandwich - you won't even notice the calories (wheat) that are missing.

 

25% fewer calories than regular bread!

Who in their right mind wants regular bread for their kids' sandwiches anyway?

When wheat gets pricey, cut it with sawdust

If you have baked bread before, then you know you have to put some ingredient in there, right?  Why not cellulose from sawdust?  That is right...sawdust, bitchez!!!!

There is no inflation, right Liesman?  That is because Sara Lee® Delightful™costs the same as regular bread!  FTMFW!!!!!!!!! 

http://www.saraleebread.com/our-bread/delightful/bread

Wed, 01/26/2011 - 12:23 | Link to Comment Jason T
Jason T's picture

That is why I make my own bread.  Italian, 50 cents a loaf.. regular White Bread, about $1 a loaf.. and they are super good!  I can make 2 loaves of Italian bread in 10 minutes. excluding 15 min bake time.

Wed, 01/26/2011 - 12:39 | Link to Comment ColonelCooper
ColonelCooper's picture

Attaboy Hedgeless.

Wed, 01/26/2011 - 12:43 | Link to Comment TheSettler
TheSettler's picture

Wheat is $8.48 per Bushel...=60 lbs

25# @ $39.95...you do the math..

Wed, 01/26/2011 - 12:50 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

I have, and I agree that your local CO-OP is the way to go, but change is hard for Americans.

One could also make a mill out of stone and wood, but that isn't exactly practical.

Delivery to the door in plastic buckets equates to baby steps. 

Make the right things easy, and the wrong things hard. 

 

Wed, 01/26/2011 - 13:06 | Link to Comment TheSettler
TheSettler's picture

 

 

 

I have several rock grinders that some Native Americans left behind a couple hundred years ago.

Wed, 01/26/2011 - 13:16 | Link to Comment ColonelCooper
ColonelCooper's picture

Bet it makes a real fine cake flour too.

Wed, 01/26/2011 - 12:47 | Link to Comment TheSettler
TheSettler's picture

You guy's are Geniuses

25# @ $39.95 = 1.59 per lb.

Where I live you can buy Flour already ground for $1.29 per 5 lb= .25 cents per lb.

Wed, 01/26/2011 - 12:54 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

...and I can probably outsource your job to India for a fraction of what you earn, too.  But with you, I know what I am getting, right?  Same concept with the wheat. 

Shipping is the killer, which is why oil is food.  Our calories travel an average of 1500 miles to our mouth.

Wed, 01/26/2011 - 12:59 | Link to Comment TheSettler
TheSettler's picture

 

 

 

It would be hard to outsource my job to India.

And my calories only travel about 200 ft.

My Transportation burns Hay.

Wed, 01/26/2011 - 13:05 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

We may all be there soon enough.

Wed, 01/26/2011 - 13:13 | Link to Comment ColonelCooper
ColonelCooper's picture

First of all, I wasn't commenting on the where or price of his wheat, I was commenting on the fact that he grinds his own flour. 

Secondly, sometimes price is secondary to the product.  I for instance have a daughter who basically cannot tolerate chemicals of any sort in her food. There are certain things that I pay outrageous prices for simply because her system tolerates them; even though a different product may/should be exactly the same thing at a lesser price.  Believe me, we have worked through this the hard way.

Generally speaking, I grow raise, cook, can, grind, butcher, smoke etc... as much of our food as possible.  We are very careful about where we get food from outside sources. 

So without passing judgement on another, (I assume he is smart enough to find a cheap source of wheat) I can also see a reason why he may choose one product over another regardless of price. 

If you would get down from your mode of transportation while reading comments you may see things from a different perspective. 

Wed, 01/26/2011 - 13:15 | Link to Comment tmosley
tmosley's picture

Not all flour is created equal.  When you grind your own, it is equivalent to one of the premium types of flour, which costs quite a bit more than bleached white flour.

Wed, 01/26/2011 - 14:19 | Link to Comment SheepDog-One
SheepDog-One's picture

But are you getting the wholesome fiber of sawdust?

Wed, 01/26/2011 - 14:26 | Link to Comment DaveyJones
DaveyJones's picture

my thoughts exactly, plus look at the protein difference

Wed, 01/26/2011 - 13:25 | Link to Comment Calmyourself
Calmyourself's picture

OT, but how do you do that with the rising and such takes me quite a while longer?  Ha, I sound like Betty Crocker..  Need pm'ing

Wed, 01/26/2011 - 17:49 | Link to Comment plane jain
plane jain's picture

Check out Artisan Bread In 10 Minutes A Day.

Wed, 01/26/2011 - 13:35 | Link to Comment Calmyourself
Calmyourself's picture

. .

Wed, 01/26/2011 - 12:26 | Link to Comment lunaticfringe
lunaticfringe's picture

Liesman could use a 75% calorie cut. Sawdust sammiches!

Wed, 01/26/2011 - 13:17 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

He has swallowed a lot of his mother's aspirations for him, and a few cheeseburgers, too.

Wed, 01/26/2011 - 13:09 | Link to Comment 4xaddict
4xaddict's picture

poor idea believing their government at any time. Any time there is a problem at home the propaganda machine goes into overdrive creating BS issues and blaming the foreigners in China. Then a mob of government sponsored "shoppers" start throwing rocks at the stores and protesting out the front.

They're just trying to divert attention off their major inflation issues in the short term.

Believe the chinese government official media line and you're probably the stupidest form of life on the planet.

Wed, 01/26/2011 - 13:18 | Link to Comment 4xaddict
4xaddict's picture

duplicate post

Wed, 01/26/2011 - 13:33 | Link to Comment TruthInSunshine
TruthInSunshine's picture

And taco bell has beef that's 65% sawdust.

 

 

This Is What Really Hides In Taco Bell's "Beef"
Wed, 01/26/2011 - 12:08 | Link to Comment 6 String
6 String's picture

...and the stock? How's it doing? The pump is endless.

Wed, 01/26/2011 - 12:08 | Link to Comment Hedgetard55
Hedgetard55's picture

The one that kills me is olive oil "Imported from Italy", then you check the fine print and find, yes, it was packed in Italy, but the oil comes from Spain, Tunisia, Greece, etc...

Wed, 01/26/2011 - 12:09 | Link to Comment sushi
sushi's picture

Don't those Chinese understand a Sputnick Moment when they see one?

 

Wed, 01/26/2011 - 12:22 | Link to Comment Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

No, they have their own space program with spaceships that can actually fly.

Wed, 01/26/2011 - 12:09 | Link to Comment almost_have_a_name
almost_have_a_name's picture

"labeling on products with prices that didn’t match what shoppers were charged at payment, exaggeration of discounts and labeling that led to confusion about how much a product cost."

They do that here in the US for gods sake.

Wed, 01/26/2011 - 12:29 | Link to Comment spartan117
spartan117's picture

Yes, but at least the Chinese make a stand, unlike Americans with their head-in-the sand mentality.

Wed, 01/26/2011 - 12:11 | Link to Comment Caviar Emptor
Caviar Emptor's picture

The cost of belonging to the middle class in China is getting further out of reach of those who aspire to join. In the US, the cost of remaining in the middle class is rising while incomes and net worth is dropping, pushing more people out (Not your father's inflation where incomes were rising fast)

But the elites in each country have the ability to hedge against inflation, or even profit from it. 

Wed, 01/26/2011 - 12:19 | Link to Comment NOTW777
NOTW777's picture

middle clas is passe

we have:

corrupt politican class

big banker class

union mob boss class

rich government employee class

the rest

Wed, 01/26/2011 - 12:24 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Yup. And that's why we're in trouble. The true mark of a successful society is when the middle bulges and gets richer. Happened over and over again through history everywhere. When societies decline that's when everything fragments into a million little pieces each trying to eat the other. 

Wed, 01/26/2011 - 12:12 | Link to Comment TheGreatPonzi
TheGreatPonzi's picture

"China, home to 150 million people living on less than $1 a day"

Less than $1 a day + rice bowl at more than $1 = mass starvation, like in Weimar (except those who are farmers, of course)

Bernanke will be remembered as the greatest mass murderer in history. Of course, we can't blame everything on him, but his policies are, for the first time in the history of mankind, targetting the entire globe and not just an empire or a country.

Wed, 01/26/2011 - 12:21 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Bernanke will be remembered as the greatest mass murderer in history. Of course, we can't blame everything on him, 

The policies of pyramiding debt and exporting inflation has unleashed a plague of locusts, just like in the story of Exodus. Like locusts, all those trillions and trillions of dollars floating around the world are eating away at savings and causing middle class people to slip lower, while threatening impoverished people with starvation. Agree, trouble ahead. 

To be precise, it's not just Bernanke it's the disciples of the Freidman school of economics (Greenspan and even Volcker), not to blame one scape goat. They invented "deficits don't matter, irrational exuberance, Financial engineering, Chimerica and all the crap that's coming home to roost

Wed, 01/26/2011 - 12:13 | Link to Comment Pladizow
Pladizow's picture

Chinese Walmart Firing Squad!

Wed, 01/26/2011 - 12:20 | Link to Comment NOTW777
NOTW777's picture

cnbc seeking criminal advice

next up, bin ladens take on the market

Wed, 01/26/2011 - 12:22 | Link to Comment NOTW777
NOTW777's picture

LOL - question of the decade-maria

what happens when the fed stops buying securities

Wed, 01/26/2011 - 12:24 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I always watch the register carefully everywhere I shop. Have been since they started using scanners.

I have noticed that over the last few months many stores are having "problems" with their equipment. At least this is how it's explained to me when I complain that I was over charged. They always tell me "corporate" controls the price inputs and the local store has no control.

This includes grocery stores, convenience stores (particularly within gas stations) and even the big box stores such as Target and WalMart.  

A sign of things to come here in the States?

Wed, 01/26/2011 - 12:29 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Great observation, CD. One of the oldest tricks in the books for retail (besides bait and switch) is lying about price through many different little scams. Like the old school finger on the scale, scaling down size for the same price, new packaging, labeling "errors".....

There's a history: that's why Unit Pricing in supermarkets became law in the US: it happened during the last inflation wave because they were pulling the same tricks we;re seeing now.

Wed, 01/26/2011 - 12:37 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

In the grocery stores it's often something on "sale" that is ringing for full price. Because many of the food stores have gone to their internal "saver" cards, often all the discounts are calculated at the end when the checker hits "total" button or they scan the card at the end. People never know if they recieved the correct price because it's all a blur. They see that the total was "$50.00" and then the new total is "$48.50". So they assume they received all their discounts.

Besides watching the prices I keep a running total in my head. If it doesn't match the register I want to know why. If you can't do this, just bring in a small calculator.

With the big box stores, it's outright incorrect pricing, sale or not. And it usually on more than one item.

Wed, 01/26/2011 - 14:11 | Link to Comment sushi
sushi's picture

You guys understand bread?

When the ingredients list "sawdust 50%" and you find out it really contains "melamine" that is an upgrade right?

But if what they really mean is "50% sawdust and 50% melamine" that is not so good, correct? But that is still better than paying twice as much for half the quantity. Yes / No?

I figure at least the grocery aisle is heated so as long as I'm in there studying labels I am staying warm and saving on the heat and rent. Is China far away?

 

Wed, 01/26/2011 - 12:40 | Link to Comment OpenEyes
OpenEyes's picture

I confess that I don't watch the registers as carefully as I should.  However, this morning I was confronted with two examples of what you are referring to;

 

Every morning, on my walk to work, I stop at Dunkin Donuts to grab a large coffee and a bottle of orange juice (Tropicana).  It's always the same price, $4.44.  Today, however, when I went to grab my OJ from the cooler, I noticed different packaging  (paper box vs plastic bottle).  Also, the freshness dating on the package said sell by Feb 11.  (yesterday, all of the plastic bottles were dated in March and April).  When I got to my office, yesterday's OJ bottle was sitting in the trash can next to my desk, I compared the two...  yesterday's bottle was 12 oz's today's paper box is 10 oz's, same $1.99 price!  So, I get 17% less juice, which is two months older, for the same price!  

 

Then, two hours later, I walked to Starbucks to get my second coffee of the morning and found out that they were not accepting their own Starbucks cards because 'the system is down' (I'm standing there holding my card with a balance of around $23 on it, but had to pay cash).  When they rang up my Grande coffee it's $2.40, but wait, yesterday it was $2.29!?  A stealthy little 5% increase in price overnight.

But, of course, there's not any inflation, it's all good.  Stocks are up!

As the USDIX silently slips below 78.....

Wed, 01/26/2011 - 12:44 | Link to Comment ColonelCooper
ColonelCooper's picture

One Stanley Steel Thermos:  $25.00

One Pound of decent coffee:  $12.00

Being able to say I've never been in a Starbucks: Priceless

Wed, 01/26/2011 - 14:49 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

Their coffee tastes like it's burnt, and they charge a premium for it. Nothing like paying more for coffee that tastes like it's been sitting too long on the warmer.

 

I buy the in store gourmet and grind it with their machine at the grocery store. It's good coffee, not cheap, but damn tasty.

Wed, 01/26/2011 - 16:53 | Link to Comment Cathartes Aura
Cathartes Aura's picture

having watched the Star*ucks corporate takeover policy with regards independent coffee houses (siting their hellish out-of-the-box stores to saturate neighbourhoods), I still marvel at people choosing to add to their profits. . .

knowing the local independent coffee roaster's schedule: priceless.

Wed, 01/26/2011 - 12:53 | Link to Comment Sausagemaker
Sausagemaker's picture

Comment on packaging - Last night I was at the grocery. I picked up a box of Quaker Oatmeal. I thought that the box was defective, until I realized that all of the boxes were slightly warped. Apparently, they slanted the box into a parallelogram (from the side) to make it appear taller on the shelf. Hard to explain, you'll have to look for yourself.

Sausagemaker

Wed, 01/26/2011 - 13:02 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Advertising is in effect a collection of reality distortion techniques. And product packaging is a sub science of advertising. So I'm not surprised by what you say.

Many companies, after simply shrinking the contents inside the package a few times, then resort to different packaging altogether to hide the decreased contents. This includes odd shapes and sizes.

Wed, 01/26/2011 - 13:53 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

Unit price bitches! Dare to compare... if your store still puts them on the shelf labeling. They'll probably disappear those soon enough.

Wed, 01/26/2011 - 14:24 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

The problem with unit pricing is that it only allows you to compare the product in your hand to every other similar product around you. It doesn't compare to last month or year.

If every company is debasing their products, it all gets covered up. All you really know is that at checkout there are less packages in the same size bag for more money than there were last year.

And my local supermarket just decreased the size of the plastic bags. Yup!

Wed, 01/26/2011 - 14:33 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

I was thinking of that..prices just kind of go down the memory hole unless you remember a specific item you bought at a certain price.

 

Sounds like a good idea for an opensource project. National web database for submitting date, upc, units, price. The unit price can be calculated. User submitted. We could track how people are getting less for more in real time.

Wed, 01/26/2011 - 14:47 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

The price of gold is a good substitute for your national database. :>)

Wed, 01/26/2011 - 15:01 | Link to Comment earnyermoney
earnyermoney's picture

or a personal spread sheet could track your expenses

Wed, 01/26/2011 - 17:51 | Link to Comment plane jain
plane jain's picture

If you are serious go to the forums on hotcouponworld.com.  Trust me, the coupon ladies keep price books.

Wed, 01/26/2011 - 14:45 | Link to Comment Manny
Manny's picture

Dunkin Donuts and Starbucks in the same morning. Thats's as close as you can get to caffeine nirvana!

And its not even worse!

I was in India and i saw they were suffering from massive food inflation.

On my last trip two years ago exact same thing like slice of cake that cost 10 (indian) bucks now cost 30 bucks.And thats just one example.

Three times in 2 years. What i see though is there has been a great wage increase.

Now if that kindda inflation happens in a society where there has been no wage increase for a decade, I wonder what would happen!

 

 

 

 

Wed, 01/26/2011 - 12:26 | Link to Comment MacedonianGlory
MacedonianGlory's picture

Same thing happens in Greece.

I shopped at Carrefour the other time and the price was different from the shelf.

Its fraud.

 

Wed, 01/26/2011 - 12:29 | Link to Comment Sean7k
Sean7k's picture

What stood out to me was the penalty: 5 times the revenue generated. In America, slap on the wrist and a fine at a small percentage of the profit realized. China's way is better.

Wed, 01/26/2011 - 12:32 | Link to Comment TheGreatPonzi
TheGreatPonzi's picture

In China, corruption is punished by death.

Wed, 01/26/2011 - 12:33 | Link to Comment economists_do_i...
economists_do_it_with_models's picture

For some reason, I sense one of those 'high volume crashes exchange computer system' type days is not that far off.

SLY:$BDI (small caps compared to Baltic Dry Index) is at levels that defy sanity.  RSI on that indicator is 96.40.  The ROC(100) is roughly *triple* what it was in April 2010 before the flash crash & Sept 2008 during the financial/housing crisis.  SLY/small caps could easily drop -10% in a matter of a few days at any point in the near future.

Wed, 01/26/2011 - 12:34 | Link to Comment MonsterZero
MonsterZero's picture

$75,000 dollar fine for WalMart?  Real news please... this is a .25/hour employee mistake.

Wed, 01/26/2011 - 12:37 | Link to Comment economists_do_i...
economists_do_it_with_models's picture

My favorite:

"Due to a printing error, the price on said item that we advertised at a good price to get you in the door is really X-price, and not really much of a deal.  We apologize for the error, but now that you're here, we would like you to just buy the item at the higher price ANYWAY.  Rest assured, we will have many more of these so-called 'printing errors' in the future."

Wed, 01/26/2011 - 12:37 | Link to Comment NOTW777
NOTW777's picture

how much longer do we have to tolerate this crap about green jobs saving the economy?

isnt 2 years of failure enough

 

Wed, 01/26/2011 - 12:39 | Link to Comment SheepDog-One
SheepDog-One's picture

BTW nice flash crash on the DOW. Im sure theyll walk it back up soon enough though.

Wed, 01/26/2011 - 12:42 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Everything will get crazy until uncle ben bernack talks.

 

Gold is sitting on the last floor. Waiting ...

Wed, 01/26/2011 - 13:39 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Waiting to kick you in the nuts.

Wed, 01/26/2011 - 14:17 | Link to Comment SheepDog-One
SheepDog-One's picture

LOL

Wed, 01/26/2011 - 12:40 | Link to Comment SITruth
SITruth's picture

Don't they shoot you and sell your organs over there for stuff like this?

Wed, 01/26/2011 - 13:43 | Link to Comment Calmyourself
Calmyourself's picture

Shoot you and send the bill for the bullet to your family.  Yes, they harvest organs for resale or for party leaders.

Wed, 01/26/2011 - 14:17 | Link to Comment sushi
sushi's picture

They build their party leaders out of used parts?

Sounds a lot better than our system. We cannot even find out where the parts come from.

Wed, 01/26/2011 - 12:40 | Link to Comment Joe Davola
Joe Davola's picture

How can it be deceptive when they're claimed to be better at math than us.

Wed, 01/26/2011 - 12:46 | Link to Comment ColonelCooper
ColonelCooper's picture

At least they were good enough to figure it out.  We just pay and go, "Huh?".

Wed, 01/26/2011 - 12:48 | Link to Comment pods
pods's picture

I wouldn't think that Walmart could open a China store. I mean, they MAKE all the cheap shit that is in the store, why would they even think to buy it?

pods

Wed, 01/26/2011 - 12:52 | Link to Comment mrdenis
mrdenis's picture

 

Sally Davies bought a McDonald's Happy Meal on April 26, 2010. She placed it on her coffee table, uncovered, and took photos every day for six months. This video shows the results, which are quite scary. Updated: McDonald's official reply.

Update: McDonald's has released an official reply to this experiment.

180 days—and she says there were no worms, mold, smell, or visible decomposition of any kind.

Perhaps you have seen similar things before, but the fact that anyone can repeat this simple experiment, the fact that a burger and fries can survive through six months—including New York's fierce summer—is just scary and gross. Even more so than knowing how chicken nuggets are made and sterilized. Sally talked about his experiment to Good Morning America........http://gizmodo.com/5662271/watch-six-months-of-a-happy-meals-eternal-lif...

 

Wed, 01/26/2011 - 14:47 | Link to Comment DisparityFlux
DisparityFlux's picture

 

My slob of a brother used to perform this experiment all the time.  Ants and roaches usually carted off the unfinished burger before it had time to decompose.

Wed, 01/26/2011 - 13:07 | Link to Comment King_of_simpletons
King_of_simpletons's picture

I think to maintain the appearance of no inflation they were selling 8oz  products in 32oz cans + marked 25% off. See simple. No inflation here.

Wed, 01/26/2011 - 13:36 | Link to Comment Azwethinkweiz
Azwethinkweiz's picture

 

This all depends on perspective: Do you see the cereal box as being half empty or half full?

 

In any case, GO CHINA!

Wed, 01/26/2011 - 13:37 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Many Chinese people fight for their freedom.

Wed, 01/26/2011 - 13:36 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Oil pops on inflation, or supply squeeze...meh.

Wed, 01/26/2011 - 13:55 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

But..but.but.. they said always low prices!!

When they start cranking up the prices at Walmart, what are you left with? A not so cheap store selling piles of cheap fucking crap.

Wed, 01/26/2011 - 14:01 | Link to Comment buzzsaw99
buzzsaw99's picture

Scanner price doesn't match advertised price. Just an honest mistake I'm sure.

Wed, 01/26/2011 - 14:40 | Link to Comment Zero Govt
Zero Govt's picture

Seems Wal-Mart has the inflation problem, not the Chinese economy ...

....is there a bloke 'specialising' at 'doing inflating' on the packets or was it a supplier label issue.

Answers on a postcard to: Fraud Squad, Inflation Dept., Wal-Mart, Bijiing.  

Wed, 01/26/2011 - 14:54 | Link to Comment DisparityFlux
DisparityFlux's picture

Will be interesting when the Dollar General stores have to be renamed the Buck-Fifty Private stores or face fines for false advertising and masking inflation.

Wed, 01/26/2011 - 21:01 | Link to Comment Carl Spackler
Carl Spackler's picture

No.

Dollar General stores will then change their mantra to "general stores that accept dollars...lots of them...for the same old junk.

 

That is the advertizing machine at work.

 

Wed, 01/26/2011 - 15:14 | Link to Comment metastar
metastar's picture

Hey China!

Welcome to marketing American style!

Wed, 01/26/2011 - 20:50 | Link to Comment Buck Johnson
Buck Johnson's picture

Inflation is being masked with value deflation and eventually as the article said they will have to raise their prices to show true inflation here and abroad.

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