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Argentina Freezes Supermarket Prices To Halt Soaring Inflation; Chaos To Follow
Up until now, Argentina's descent into a hyperinflationary basket case, with a crashing currency and loss of outside funding was relatively moderate and controlled. All this is about to change. Today, in a futile attempt to halt inflation, the government of Cristina Kirchner announced a two-month price freeze on supermarket products. The price freeze applies to every product in all of the nation’s largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies’ trade group, representing 70 percent of the Argentine supermarket sector, reached the accord with Commerce Secretary Guillermo Moreno, the government’s news agency Telam reported. As AP reports, "The commerce ministry wants consumers to keep receipts and complain to a hotline about any price hikes they see before April 1."
Perhaps they will. What consumers will certainly do is scramble into local stores to take advantage of artificially-controlled prices knowing very well they have two short months to stock up on perishable goods at today's prices, before the country's inflation comes soaring back, only this time many of the local stores will not be around as their profit margins implode and as owners, especially of foreign-based chains, make the prudent decision to get out of Dodge while the getting's good and before the next steps, including such measures as nationalization, in the escalation into a full out hyperinflationary collapse, are taken by Argentina's female ruler.

As such expect photos of empty shelves from Buenos Aires to start popping up in a few days, comparable to how threats of a gun and weapon ban by the US government did more for the top and bottom line of US arms dealers than any military conflict ever could.
Economist Soledad Perez Duhalde of the abeceb.com consulting firm predicted on Monday that the price freeze will have only a very short term effect, and noted that similar moves in Argentina had failed to control inflation. Consumers shouldn’t be surprised if the supermarkets are slow to restock their shelves and offer fewer products for sale, she added.
In other news Argentina, just like the rest of the "developed" world, appears to have a slight inflation tracking problem:
Polls show Argentines worry most about inflation, which private economists estimate could reach 30 percent this year. The government says it’s trying to hold the next union wage hikes to 20 percent, a figure that suggests how little anyone believes the official index that pegs annual inflation at just 10 percent.
The BLS has the solution: just exclude any product whose price is rising from your CPI calculation, and voila. For everything else there is a hedonic adjustment.
The ironic comparison to the US does not end there however:
A more effective way to contain inflation would be to “reduce government spending, which is financing an expansion of the money supply, and to have a credible price index.”
Wait, are they still talking about Argentina or the US?
The government announced the price freeze on the first business day after the International Monetary Fund formally censured Argentina for putting out inaccurate economic data. The IMF has given Argentina until September to bring its inflation and economic growth statistics up to international standards. If Argentina doesn’t comply, it could face expulsion from the world body in November.
Well good thing the US complies with the IMF's stringent "seasonally adjusted" data reporting quality control. Or else, the US may have been expelled from the IMF too. And then who would fund the creeping bailout of Europe (aside from Germany of course)?
The IMF censure “is not just a new error ... it’s also a clear example of the organization’s unequal treatment and double standards in regard to certain member countries,” Lorenzino said. “Argentina, just as it agreed with the IMF to do, will keep working to improve its statistical procedures in accordance with good international standards.”
So to summarize: first capital controls, then a currency crisis, then expectations of sovereign default, then a rise in military tensions, and finally - price controls, after which all out chaos usually follows.
Study this sequence well: it is coming to every "developed" country near you in the months and years ahead.
But, as with every other hyperinflationary implosion, there is a silver lining: the stock market is soaring...
... at least in Peso terms. When priced in USD, the 360% stock market "rise" is more like -9% in the past 21 years. But luckily, the general public has a gene that prevents it from grasping the difference between nominal and real - something Ben Bernanke is very well aware of.
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USA is fucked.
https://www.lds.org/topics/food-storage/longer-term-food-supply?lang=eng#1
Left wing govts can never accept that they are not in control of the economy. So they tinker and try to "fix" till it collapses in a domestic nightmare.
Right wing governments can never accept they are not in control of how the international arena functions. So they tinker and try to fix till it collapses into multitude of regional wars.
Blowout sale... Everything in the store must go!... Oh wait!
So what this says is stocks are a good store of value. Buy the dip in SPY, DIA, IWM!
Anybody know what sort of drugs they put into gold and silver that are causing them to slumber so soundly?
The gold price measured in Dow Jones has gone nowhere since May 2010, nearly three years! (GOLD:DOW)
http://scharts.co/WVIwna
Just wait til the masses realize that there has been price controls on precious metals for years...groceries won't be the only thing missing from shelves
Fuck Obummer will be doing this soon.
it's unfathomable that both government workers could exist that are stupid enough to believe that price controls could work (nevermind the EVIDENCE that they don't) and that there are electorates EVERYWHERE stupid enough to elect them.
It takes a pH Dee to realize the value of price controls.
You guys have this all wrong. This is going to turn Argentina into an export powerhouse.
Just ask Krugman, or any other tenured professor.
Its ironic how a country is named after one of the few things that could help save it!
I'm guessing Argentina's Madam Prez never saw this...
Why price fixing fails:
http://www.youtube.com/watch?v=CLzCVkPBmX8
meanwhile... twenty USDs won't buy you a single fucking bitcoin...
Supermarkets get price controls while everyone else gets finflation. How nice for food producers. Empty shelves soon to follow, as food producers might not like subsidiznig governmental sstupidity and getting to be the paper mache happy face put on Argentians gargoyle economy. Well done Kirshner the progressive! Socialism is great til you run out of other peoples money. These @#$% progressive academics should have to successfully manage a 7 11 before they are given the keys to the economic kingdom. Far different view at street level than from up in the ivory tower.
ponzi schemes can't survive the deflation. that's the lesson of Charles Ponzi, the lesson of Bernie Madoff. These clowns always have "some new interest rate product to sell." What they don't have an answer for is "prices decreasing." that means cash money itself is hoarded and people want to know "what your business is." in the case of say..."gold mining"....it would appear "very expensive rock farming." So Argentina is bouncing checks using its cash to do so. They don't call it fiat for nothing. People in Argentina running out and buying a boat load of canned goods says to me "these people need to get a life." Be like a good Bostonian and "buy a cow." that's why they had/have all those "commons" in Massachusetts. "So the cow would have some food." Don't even get me started on the road system. http://www.youtube.com/watch?v=vk1HuJGZasI
I only buy the best......of course I have to go to the black market to get it.
What most of you have failed to realize is that this is the best way to reduce the number of blubber butts right here in America.
Make food unaffordable!
FORWARD SOVIET!
(notice how the letters lean forward, ha ha, genius!)
No, shelves won't be stocked...unattainable!
Can't remember the specific good we were talking about, but I once had a conversation with a guy at the local coffee shop about some union-regulated service, and when I suggested letting markets determine the proper price, he became so angry that he smashed his mug on the floor and looked like he wanted to hurt me.
Socialists are DEVOUT!
In other words, you want food price controls AND wage price controls for the common man while the Bankers just print themselves Trillions.
Cock sucker.
The bankers only do what politicians allow.. Come around tomorrow and we'll take you again.
Please vote for us cause we'll looking out for you. Well not really, but that's our story and we're sticking to it.
@Enslavethechild: I assume you are NOT addressing me.
@GetZeeGold: Make no mistake: politicians answer to banksters.
Most indeedy, Planks. Ah! But the arbitrage. Take ANYthing you get from a now government controlled store and take it to the local community market , charge 25% more.
IIRC over 50% of Argentines work for the government in one form or another, so really this is a means of forcing large private stores to subsidize the buying of government workers.
Bernanke's final words will be something like: "Ruuuuun...Goooo...Get to da Choppa!"
http://www.youtube.com/watch?v=-9-Te-DPbSE
LOL... inspired me to watch this again. Change the 'meme' and this could be a documentary!
http://www.youtube.com/watch?annotation_id=annotation_848858&feature=iv&...
Fiatina.
Hyper-inflation is becomming a national tradition in Argentina
Hurry in now, customers...
for the 10th Annual Going-Out-of-Business Sale!
That would be Europe, specifically the PIIGS.
.
I has uh Duh-gree.
"Price freeze" is simply a euphemism for shortage imposition.
Glad to hear someone point that out, although the way I would say it is, "The Kirchneristas see food shortages coming, so they initiate price controls so the shortages can be blamed on the greedy hoarding grocery chains."
Sure is...
Also, look how wonderful: Google news on "guns and ammo shortages"
Our stupid President Ford believed in price controls as well; for a few months. I think its hard to imagine just how far out of it government leaders can be.
After Nixon caused the USD to shart the bed, Ford had to learn the hard way.
Well, as a politician, you have to appear to be doing something.
Even if the only thing your doing is shoving your own citizens into gas chambers and crematoriums.
And, with today's technology, you can watch yourself burning to death on flat panel BIG SCREENS.
Heil Hussein!
i saw negroes in africa with "Mugabe for President" T-shirts too...go fkin figure, even after the guy destroyed the economy and COMPLETELY annihilated the currency, he still has supporters.
People are WTF stupid
Obamugabe
Do you get a rebate for posting racist shit? Just wondering, since you're all white-bread consistent about it all.
Facts cannot be racist.
As a Brit I hope Argentina remains so broke it can never afford a military to invade the Falklands again. Viva England.
The way England is going, in 10 years Argentina can take the Falklands with 3 guys in a canoe.
England will send King Harry and 4 of his hookers to take it back
i saw americans in the United States with "Bush or Obama for President" T-shirts too...go fkin figure, even after these guys destroyed the economy and COMPLETELY annihilated the currency, they still has supporters. People are WTF stupid
Obviously Ms Kirchner never heard of Richard M Nixon - who used a "wage and price freeze" (3 months) in 1971? (Going on memory here...).
At the time I was a HS graduate and in the military, and I commented that the inflation would just pile up and cut loose, making up for lost time, after the freeze was dissolved. I was asked by my fellow peons where my economics degree was. I still don't have an econ degree, but I remember what happened when the freeze melted. (Is it TRUE, Daddy? Do you really not need a degree if you have a functioning brain?)
How does that thing go, something about those who can't remember the past being condemned to repeat it?
What this really says is that bonds will collapse toward worthlessness, companies will not afford growth, and equities will plummet. Another couple of montHs.
I think you're being way to optimistic about the future.
"Things are going to get worse, before they get worse."
–Lily Tomlin
See, that's where you wrong. The Dow has skyrocketed since May 2010, you just need to price it in Argentino Pesos... ;)
Any Bersa Thunders left in there?
Argentina is a perfect case of how crappy this hyped-up "freegold" theory fares in the real world. It ain't pretty.
Argentina has basically a 2-tier monetary system. Their government issues constantly depreciating PESO while their citizens choose to save in US$ or Euro knowing full well how weak PESO is. So Argentinians transact in a softer currency and save in a harder one - the freegold principles.
You won't find "fisical prudence", "meritocracy" or whatever beautiful promises these FGers are selling around in Argentina. What you do see is a PESO 20000 to 1 (or so) reverse split every 10-20 years after being printed completely outta shape. Their economy is in perrenial deep sh*t b/c of the currency meltdown.
Erm, please to explain HOW printing all those pesos is in the common interest.
Printing money (in this case PESO) is to benefit politicians that want to spend the money they don't have or bankers that need the fast & furious supply of papers to propel their bubble games. It's not in the common interest. It's in the elites' interest only be it in Argentina, US, Europe, Zimbabwe or anywhere.
These FGers are either shills or merely dancing on the string held by elites like fools.
But you can't print gold. Isn't that a big part of the equation you don't mention?
They're still transacting in printed money.
The only difference between freegold and Argentina's situation at present is that the FG'ers won't allow you to lend your gold.
No I am serious, that is their official retarded statist position.
In other words Freegold = controlled hyperinflation.
Now who would that benefit most in society?
surely not the 1% who could borrow whatever they wish, using pretend collateral, ( not their gold) and then inflate it away while the peasants starve in the empty supermarkets?
So as I've understood in freegold theory you transact in whatever fiat but save in phisical gold...
And you are saing:Their government issues constantly depreciating PESO while their citizens choose to save in US$ or Euro knowing full well how weak PESO is. So Argentinians transact in a softer currency and save in a harder one - the freegold principles.
Accordingly to you idea USD and Euro is equal gold (which is not).
Get your basics together mate!
I have one. Nice bang for the buck. (no pun intended).
I had one, in 9mm. I was shooting jellyfish off Alligator point when it slipped out of my hand and went to Davy Jones' Locker. Or one of the Monkees, I forget which.
The stock market is up. That's all that matters.
2 months to stock up on perishable goods? Shows you we are new to this game.
Argentina.
The exemplar of "banana republic."
How many times Argentina? Really?
Bunches and bunches....
Or as Carl Sagan would say, "Billions and billions..."
Oh, if only we still had Carl with us. We could use his uncanny ability to explain big numbers to regular people like me.
He would start out by explaining how by 2020 there will be more dollars in circulation than there are grains of sand on all the beaches of the world. And by 2030 there will be more dollars than there are atoms in the entire universe. So many dollars that their gravitational field, while small individually, is enough to cause a financial black hole from which no asset can escape- not even light!
+10 for the Sagan VoiceOver. I'm sure I heard his voice....nice!
So, where's the douche bag that keeps telling us we should head on down to Argentina to escape the hyperinflating fascists in the USA?
He's in Argentina cleaining the shelves at Jumbo right now
Ya mean Doug Casey? Yeah, he sounds all smug until he's fighting some mamasita for a can of peas.
Thanks for the chuckle
you did remember well, yeah, where is that dimwit?
Carl Sagan would have needed a new line if he was still living. Add billions and billions week in and week out, all year long, and all you get are a mere few trillion. What's next after trill-ion. Gazillion sounds like a joke. Seriously the whole hyperbole with the big numbers, he'd have to drop that and go, like, imagine the federal debt, and add to that pension obligations...The universe is nearly that big, it...well OK but it's still pretty big.
Inflation is like galic to democratics. Ie carter
At least once every generation. Just like the Greeks.
Japan is the optimistic scenario. Zimbabwe is the worst case scenario. Argentina is the likeliest.
Argentina with a whole bunch of people kicking each others asses.
Kicking? We'll be lucky if it is limited to mere kicking...
Pay close attention Brazillians! You posess immense potential guys. Stop the leftists in your country now, and prosper. Brazil has huge opportunities afoot, it would be a damn shame if they squandered it in search of the elusive free lunch. Do what needs to be done and seal the deal by showing the world you can host them safely in your home. The world needs more real leadership, not leftists failure.
Preste Brazillians atenção! Você posess imensas caras potenciais. Parar os esquerdistas em seu país agora, e prosperar. O Brasil tem grandes oportunidades em andamento, seria uma vergonha se desperdiçou em busca da elusiva almoço livre. Fazer o que precisa ser feito e selar o negócio, mostrando ao mundo que você pode hospedá-los com segurança em sua casa. O mundo precisa de uma liderança mais real, não falha esquerdistas. Não deuses trabalho do Brasil!brazil is the country of the future and always will be.
Problem in brazil is oligarchy and the response by the electorate is to try to "vote" themselves some loot too.
Everyone in that country is on the take.
This behavior seems to be common among humans.
You cant stop it, but you can profit from it.
Quoting de Gaulle will get you nowhere.
Trav.
Brazil has been the country of the future for how many decades.
two words, Eike Batista
A few more words,
http://www.charlierose.com/view/interview/10851
CHARLIE ROSE DEEP SHIT....the WS mouthpiece!
fuck charlie rose
Brazil has the hottest chicks in the world. They could export them to the U.S. and we'd pay top dollar and save a few marriages along the way. I love Brazil. Popozuda!
BTW, I miss HELPI!
I've noticed that we seem to be importing a lot of uggos from other countries.
What's up with that?
The better "talent" is headed to other parts of the world, to nations with more financial "runway"...
Dude, you have no idea what you're talking about.
Brasil was right wing all the way for decades and it remained a real shithole the whole time. It only ever came out of its slumber because a leftist government was elected and they introduced things like conditional help for the poor (the condition being that they sent their kids to school). Before Lula, the country had only 2 classes, rich and poor - no middle class - and now it actually is growing a middle class.
Oh and by the way, your Google translated bullshit doesn't sound correct in Portuguese. Amongst other things, there is no such expression as "free lunch" in Portuguese.
I see that the brainwashed, politically limited, ignorant American segment of this site is out in force today.
this is what happens when you discover that "worthless pampas" is in fact a gold mine:http://www.ft.com/intl/cms/s/0/34756116-1333-11e2-ac28-00144feabdc0.html those rates went from 15% to 7.25% in only 15 months. sound money obviously had a lot to do with it...but also discovering more land than imaginable and created a "live able society." stop paying your taxes America (save for Social Security.)http://www.global-rates.com/interest-rates/central-banks/central-bank-br...
clearly we have a first world economy here...and these rates are happening in spite of the massive spending for the (rigged) Olympic Games coming up. And the (rigged) World Cup as well. Talk about a lot of worthless spending for something where the outcome isn't in doubt...only the bankruptcy. Well...at least they're discovering the value of honesty in money.
Move to France. Hollande and you should get along well and he won't even require you to work for the 6 months of vacation you'll get every year. Its a leftist's paradise. You can tax and spend to your hearts content.
I don't see how you consider Brazil, an economic powerhouse with a growing middle class despite widespread inequality is some leftist paradise comparable to France, a European social democracy with neo-colonial military ventures.
The right-wing governments of Brazil's past did a great job laying the foundations of a thriving aerospace and auto industry. But labor laws were virtually non-existant and little was done to combat the old vestiges of racism and class stratification.
Lula brought a voice to labor; capital is still dominant in the struggle, but modern reforms have given the middle class a chance to grow and take a voice in Brazil's future. I don't see what is so leftist about that.
Neither does the word "Brazilians". But really, Brasil is looking better every day; it would be a blast to live there if it wasn't for the damn difficult visa issues, courtesy of our own US State Department's insistence on making visas difficult for Brasileiros.
Diplomatic reciprocity is a bitch.
You're wrong of course. It's not socialist ideas that helped Brasil. It's capitalism, and more freedom. It's funny that whenever a country improves economically and becomes more prosperous, socialists try to claim that it's a result of their ideology. The reality is that socialism and corporatism only slow economic growth. And this is exactly what is happening in Brasil if you would pay better attention. The full potential of Brasil is not reached, it's still being hold back by stupid regulation and many stupid taxes. Socialism is NOT helping the poor, it's keeping them poor.
You can apply that last statement to yourself, silly rabbit.
It was a mix of both.
Lula had policies which were a mix of Capitalism and Socialism. Certainly the condicional help for the poor as long as they sent their kids to school thing is not something you would see in a purelly Capitalist system.
Brasil tried pure Capitalism for decades and it didn't work - it just created this incredibly unequal society with high crime and low productivity. It was the mix of both systems that got the country in the path of growth.
To me this makes sense, since Capitalism on its own does not have solutions for the poverty trap problem (quite the contrary, it's riddled with feedback cycles where having capital and connections trumps having skill and ability) so potentially highly productive members of society - think a new Einstein - are born in poverty, never get an education, never get a real chance and thus never reach their potential, which is bad for them and bad for society as a whole (since this is multiplied by 100s of thousands).
The whole thing wouldn't have worked if he had tried Marxism V2, nor did it work before when the country tried American style Capitalism.
[PS: Just re-read your comment and your argument is a bit of a caricature of itself. Here's one of your sentences, with a slight change
"It's funny that whenever a country improves economically and becomes more prosperous, capitalists try to claim that it's a result of their ideology"
By the way, I'm neither socialist nor capitalist, just a guy that thinks for himself and tries to find his own way - it usually looks surprisingly like a balanced mix of policies - rather than regurgitate somebody else's ideas and going around accusing people of being {INSERT CONTRARY POLITICAL AFFILIATION HERE}]
[PPS: Didn't downtick you - gotta respect somebody else's ideas, even if they sound like they lack a propert foundation of really thinking hard about things]
[PPPS: By the way, you misspelled skeptic in your avatar name]
How many is a BRAZILLION? Does that come after QUDRILLION? Oh well, I guess we'll all find out soon enough...FUCK YOU BERNANKE!!!
Yesssss
Let the hate flow through you.
Once you hit a Brazillion, everyone gets a haircut...
So this makes Obama and his cronies what? Lefty=economic failures / Right= foreign policy disasters, I got it they are a group of Refties.. Actually fascists, but Refties works for me.
So Obama is both left and right wing?
Sorry didn't read Calmyourself's comment.
Though not LDS, I know those guys get food storage. Great informative link!
I posted this on another thread earlier today, but it is very relevant to this article. Here is an Argentinian's account of what he experienced and lessons learned from the 2001 economic collapse in Argentina: http://ferfal.blogspot.com/2008/10/thoughts-on-urban-survival-2005.html
It is time to start preparing for chaos here in the good ol' US of A. Buy shelf-stable food while it is still cheap and available.
This one is good too http://www.shtfplan.com/emergency-preparedness/a-survival-q-a-living-thr...
Silver tree , thanks for the link, great additional info
One of the great things about getting moved to Vernal (besides still being gainfully employed) is the chance to stock up on some serious food supplies. #10 cans of dried or freeze dried food are available in all the grocery stores and at least one big online Utah-based vendor will ship to a Utah address for next to nothing. Overall, it's a good place to be when TSHTF. There may not be a better prepared population on Earth. They probably have the natural resources and industrial base to make it on their own, too. There are worse place to be these days.
Welcome to bare shelves bitches
most cities have two days on their shelves of food......in less than 7 days they'll be jammed up on every freeway out of the cities....in 10 days they'll be on foot on every highway in search of food. If you live within a 20 mile radius near a state road........you're tits up......gl
You forgot the best part: cannibalism.
I'd guess the zombie apocalypse scenario in Argentina isn't trading well. They've done stupid shit before and there were no big cannabilism outbreaks that I read about anyway. Hunger, and serious hunger, but cannabalism? An EMP is more effective than a printing press or price controls.
the lesson to be learned is... "Don't waste your ammo on would be cannibals"...
"Yon Casius has a lean and hungry look." -- Julius Caesar, W. Shakespeare
Gunshots indicate the location of your meat supplies, which are you and your family. Edged weapons, blunt force, strangling, crossbows...and plenty of spices and salt. Real world zombies would be pretty game-y.
Just like an short bond ETF to bring a knife to a gun fight..
Do Zombies tango?
On British TV they do
http://www.youtube.com/watch?v=yfqTPQBaUPg
Maybe they are dancing about the Malvinas.
Kirchscner is an old botxed socialst like her alter ego Pelosi.
Sounds like a new reality TV show!
The whores will be cheap. Blow jobs for a Snickers bar.
In a couple of days the shelves will be empty.
this will work...price freezes
tricky dick
And, that was on 4% inflation. We're over that, now.
And, that was on 4% inflation. We're over that, now.
In Nixon's semi-defense - this inflation was due to LBJ Guns and butter or LBJ's Vietnam War and his War on Poverty aka the state enslavement of blacks.
Argentina to Zimbabwe... We will all be here soon...
I always said our skeet shootin muslim was Mugabe 2.
"PULL, Muthafucka!"
Don't speak disrepectively of Dear Leader (peace be unto him). </sarc>
Did Mugabe actively dislike his own country and want to punish it? Dinesh D'Sousa theory of Obama makes the best sense so far. He wants to take it down.
Puppets don't "want".... The puppet masters on the other hand... they probably do want the destruction of the U.S.A.
skeet skeet skeet
Skeet shooting Freddie? Give me a fucking break. Anyone and I mean anyone who has shot skeet at all, knows the preppy, poised picture shoot, look's more like a Monkey trying to fuck a football.
I'm surprised his fucking eyes where not slammed shut from the fear of touching a gun for the first time for the photo opp.
FORWARD!!!! Bitcheezez.
I wasn't even assuming he had actually touched a firearm. The birth certificate production team (BCPT) has gotten some more practice in recent weeks.
Probably why he wasn't wearing the yellow shooting glasses-his eyes were shut.
Take notes, students. This shit will be on the test.
Hyperinflation will save you. Better get another student loan now.
Riot cam app?
There could be a theraputic aspect to it. See, you ain't so fucked up, but they sure are!
http://www.dailymail.co.uk/news/article-91169/President-resigns-riots-le...
That was many years ago. But after that there was a much bigger event: government default.
Stupid Fuckhead, you could have referenced that article is from Friday, 21 December, 2001.
What do you expect from a handful of dust.........dusty links.
a world economically on the brink.
They most definitely are. You see the article is totally correct in regard to Argentina. Yea Walmart and the others agreed, because there arms where twisted. But they know that they will be leaving in a month or two because they aren't going to eat the costs on their end just to get Argentina out of a hyperinflationary problem.
It looks like we are going to see a Argentina economic problem this year just like in 2000.
Like the good communists they are they'll nationalize Walmart and others before they can leave.
yeah, I work in a grocery store as a cashier and amazed at how prices keep going up. But the masses keep on buying.
A guy has gotta eat
Yes, but is the bitching about prices louder and are people stocking up?? What buying behaviours do you notice?
Argentine store shelves probably already empty in many places--who's next?
I just don't see hyperinflation as an American problem.
For us, deflation will rule the day.
Japan is our model.
http://www.angrysinner.blogspot.kr/2013/02/tuesday.html
I'd take deflation all day long if the option is hyperinflation.
I'm going to be a Angry Sinner if you post up that spam link again Nutsack.