No Inflation? General Mills Begs to Differ
Repeatedly, all we hear is that Zero Hedge is just some wing nut website. Always stretching the truth about the economy's woes, and constantly claiming hyperinflation is just around the corner. Ya, about that...
General Mills came out Wednesday with their Q3 earnings, and what do you suppose was one of the top points they wanted to make to their investors? Just that they were experiencing significantly higher input costs year-over-year.
As a matter of fact, they say that YOY inflation input costs were actually higher by 2% 3% 5% 8% ...
So is it deflationary for the consumer if the 3rd biggest food company in America is experiencing double digit inflation?
But then again what do I know, I'm just a contributor to a blog. And I don't even have a Phd.