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Nope, Definitely No Inflation Here

Tyler Durden's picture





 

Despite yesterday's governmental reassurance (a la Venezuela and Argentina) that there is no inflation in the US, the reality for the average man in the street is a little different. We have previously noted that gas prices are 25% above their average price of the last decade but it is another staple that is more worrisome for many in America. As CNSNews reports, the average price of ground beef hit an all-time high this week at $3.61 per pound (up from just $1.82 per pound in 1980). As both a home-cooked and fast-food staple, the price of ground chuck alone has risen 45% in the last 10 years. Nope, no inflation here...

 

Gas prices may be down but seasonally they are as high as they have ever been...

 

But it's food that takes the biscuit... as ground beef prices reach record highs...

 

Nope, definitely no inflation here at all...

 


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Wed, 12/18/2013 - 18:16 | Link to Comment SilverIsKing
SilverIsKing's picture

But FLOTUS demands that we eat only half the amount of ground beef so the price hasn't really gone up at all.

Wed, 12/18/2013 - 18:21 | Link to Comment PRO.223
PRO.223's picture

If you want your ground beef, you can keep your ground beef; it'll just cost you alot more.

Wed, 12/18/2013 - 19:04 | Link to Comment nope-1004
nope-1004's picture

My all-time favorite, from clearly one of the biggest public liars our world has ever seen:

 

"Current talk of rising food prices and fears of inflation are largely overstated.  Rising food prices in developing nations can be attributed to the citizens of those nations seeking more sophisticated diets."

-Bernocchio,

 

Wed, 12/18/2013 - 19:24 | Link to Comment Pure Evil
Pure Evil's picture

Yeah, but where are the insects they claim we should be eating instead of hamburger meat?

I'd like to see the inflation statistics on insect prices, (shirmp don't count).

Wed, 12/18/2013 - 19:39 | Link to Comment BKbroiler
BKbroiler's picture

Umm... so are we going to ignore all the droughts and flooding in the last few years that had an adverse effect on meat prices?  And we're gonna seasonally adjust gas prices so they fit this whole "inflation" argument?    weak.... what we are witnessing is a slow motion deflationary collapse, otherwise gold wouldn't have crashed.  Forget Helicopter Ben.  A more accurate pictures is Air Balloon Ben, furiously pumping money into the air baloon as it slowly sinks towards the ground despite his best efforts.  Once it touches, as nasty as that moment will be, is when the recovery will begin.  The inflation argument is good for selling gold and food stocks to paranoid investors that got burned by the market and want something safe.  There is no shelter here. 

Wed, 12/18/2013 - 19:44 | Link to Comment El Vaquero
El Vaquero's picture

While you have a point with droughts and flooding and whatnot, you do not have a point with "seasonal adjustments" on gasoline.  For at least the past decade, and really, for longer than that, any seasonal driven variations in gasoline prices are completely lost in the noise.  This February had the highest gas prices for any February in history, for example, and that is not seasonally adjusted.  While drought and flooding probably has an effect on beef prices, so does gasoline prices. 

Wed, 12/18/2013 - 19:54 | Link to Comment BKbroiler
BKbroiler's picture

yeah but beef is produced domestically, gas is imported.  Also using a 10 year chart for gas is disingenious.  That the middle east happened to be a shitbed of war for the last 10 years may have something to do with gas prices going up a bit (and not a lot).  In fact, our middle east excursions took place to keep gas from going down in price, not to keep it from going up.

I know I have few friends here arguing against inflation, but just take a look at this chart showing inflation and deflationary periods over the last century.

http://dshort.com/inflation/inflation-1872-present.gif

Up until 1950, every bout of inflation was countered with a bout of deflation.  If we have had nothing but inflation for the last 50 years (as anyone who is older than 50 can tell you) what do you think is about to happen?  Or better yet, what do you think Bernanke is trying to avoid with all thsi printing?

Wed, 12/18/2013 - 20:11 | Link to Comment AGuy
AGuy's picture

"Up until 1950, every bout of inflation was countered with a bout of deflation. If we have had nothing but inflation for the last 50 years (as anyone who is older than 50 can tell you) what do you think is about to happen?"

The Dollar has lost about 96% of its value since 1913. The only blip since 1913, was during the great depression. If we had deflation the price of goods would have fallen, They have not. In fact most food products have shrinking containers that hide inflation. Pre 2010, Sugar was sold in 5 pound sacks, now the are sold as 4 pound sacks. Most Ground Beef is not 100% Beef. its sold less than half as real ground beef, the rest is  fillers.

"Or better yet, what do you think Bernanke is trying to avoid with all this printing?"

Collapse of the Federal gov't. As the Gov't has too much debt to be serviced. If the Dollar was pegged to a commodity or basket of commodities the Fed would not be able to print. The US Federal Govt would have defaulted on its debt causing hyper-inflation as the world abandoned the US dollar. Printing only delays the final outcome of the dollar: its real value is Zero. its not backed by anything except by the good word of a bunch of lying, fraudulent, and corrupt politicians.

 

 

Wed, 12/18/2013 - 20:17 | Link to Comment BKbroiler
BKbroiler's picture

The Dollar has lost about 96% of its value since 1913. The only blip since 1913, was during the great depression. If we had deflation the price of goods would have fallen, They have not. In fact most food products have shrinking containers that hide inflation.

As I said, we have had inflation for the last 50 years, but by 1980 the debt based system, which requires yearly currency devaluation to work, started to crack.  That's when we started blowing bubbles to keep the inflation going and it's not working like it used to.  After blowing bubbles stopped working we resorted to just printing money to do the same thing. The reason we had deflation after the Great Depression is because there wasn't some lunatic like Bernanke or Greenspan screwing with the market, and it was allowed to correct, painfully but naturally.   We need inflation to keep the show running, but the low inflation of the last 10 years when compared the change in money supply and the slowdown of money velocity should spell it out.

Wed, 12/18/2013 - 21:15 | Link to Comment eclectic syncretist
eclectic syncretist's picture

One purpose of the Federal Reserve is to create inflation via money printing.  Do you assert they haven't printed any money in the last 100 years?  Are you about 5 years old, have alzheimer's disease, or just shit for brains?

Wed, 12/18/2013 - 21:41 | Link to Comment OutLookingIn
OutLookingIn's picture

PINK SLIME -

Still great profit margin!

Can I supersize that for you?

Wed, 12/18/2013 - 19:52 | Link to Comment Central Bankster
Central Bankster's picture

Your argument is rather rediculous when taken at face value.  If it is so obvious that deflation is going to occur, then one simply needs go to cash by selling all assets.  It truly is that simple and safe.  But the confusion comes from the fact that inflation hits different assets at different times and at different rates of change, AND further muddying of the water occurs because a commodity can also be pressured by shorter term influences to demand/supply such as a natural disaster.  The inability to accept that inflation is already here is easy to understand, most the sheeple accept their daily propaganda that the government says there is no inflation, so there must not be inflation.  Simple.

Wed, 12/18/2013 - 19:56 | Link to Comment BKbroiler
BKbroiler's picture

Your argument is rather rediculous when taken at face value.  

Well then don't take it at face value, give it some thought.

If it is so obvious that deflation is going to occur, then one simply needs go to cash by selling all assets. 

And when in history have corporations held more cash than they are now?
Wed, 12/18/2013 - 21:27 | Link to Comment Central Bankster
Central Bankster's picture

I've given it serious thought for the last 5 years and I think I addressed the deflationist mantra.  Do you disagree with any of the assertions I've made, if so what?

 

I do not think corporations are the "smart" money and that the actions they take are largely governed by what the board will approve.  "Everyone can agree" that cash or near-cash investments are the "safest" from a fiduciary standpoint.  They are acting like rational people if you accept the Bernanke's assertion that US debt is risk free, IE cash and near-cash government debt.  You have to recognize that literally everyone is going to throw their hands up and say "no one could see this coming" when the US defaults through restructuring (highly unlikely if history is our guide) or defaults through inflation (history shows this to be the easier and less politicially risky choice).

 

Also, I didn't downvote you :).

Wed, 12/18/2013 - 21:32 | Link to Comment BKbroiler
BKbroiler's picture

I'd (sincerely) like to hear your argument, because it was only a year ago that I came around myself.  I just don't see the evidence for it anymore, and a lot of evidence to the contrary.  Again, sarc is off, I'd really like to hear your take as to what would happen to prices of everyday goods if Bernnake turned off the spigot.  I mean, are we to believe that they are all lying when they say they are trying to force inflation?  Doesn't that mean they are fighting a natural force of deflation?

If we were heading to hyperinflation, gold would skyrocket, and it's gone down.  That is just one of many indicators in my eyes.

Thu, 12/19/2013 - 12:09 | Link to Comment Central Bankster
Central Bankster's picture

*IF* he turned off the spigot permanently, the financial system would come under extreme stress (not in one day obviously).  The reason is that deflation would set in and loans would go bad, forcing the banks to call in more loans, and cause further deflation/deleveraging (this cycle would repeat until most goods cost less then their actual production cost which would also drive many business out of business).  In addition, the US government would have to restructure its debt (DEFAULT) and this would have shocking consequences for some.

 

 

Gold is not "going down" in any longterm sense, infact I think it will likely touch 1000 during this correction.  If you study longterm bull market cycles (IE the 40 year bull in bonds and stocks) you will see it is quite common to have 2-5 year corrections in longterm bull markets.  Additionally, I challenge you to study the charts of commodities such as corn, oil, nat gas, copper, silver, coal, gold from 1960 through 1980 and look at the total gains as a percentage from peak to trough and look at the lengths of the corrections and the size in terms of percentages.  You can find charts like these if you search "historical chart gold" for example in google.  Once you start to appreciate that nothing happens all at once and/or in vacuum I think you will see how short term corrections in long-term moves "Fool the masses".  Good luck!

Wed, 12/18/2013 - 21:09 | Link to Comment eclectic syncretist
eclectic syncretist's picture

BKbroiler; you sir, are an asshole and an idiot both.  You know why?  Because with your posting name you claim that an all time high in hamburger meat is deflationary.  You are a fucking asshole idiot and should be banned from posting anything here or anywhere else for that matter.

Wed, 12/18/2013 - 21:44 | Link to Comment BKbroiler
BKbroiler's picture

You said "asshole idiot" twice in your little fit of psychotic rage.  I guess if I didn't have a decent argument I might do the same, but the argument is simple and sound.  Inflation is constant, that's why everything is at an all time high, every year, genius.  The only reason we've managed to keep the inflation rate we have is because we've thrown everything except the kitchen sink at it.  We are FORCING inflation, you fucking idiot, to avoid deflation. At least Central Banker can write a coherent post that makes an actual intelligent point.  Your point is that meat is an all time high?  Really, dumbass?  Can I argue with someone who passed Econ 101 and realizes prices go up every year?

Thu, 12/19/2013 - 08:32 | Link to Comment skipjack
skipjack's picture

...and the definition of inflation is...drumroll maestro please...rising prices ! Whew ! That was hard !

 

I agree with you that the Fed is fighting deflation, hence the qe not only bails out the banks but also the corporations. Otherwise banks with their underwater mark-to-unicorn valuations and corporations with their alltime high borrowing for stock buybacks and dividend giveaways to shareholders would all go belly up in the greatest implosion the world has yet seen.

 

I've said for a long time that we're headed towards inflation in the things we need - rent, food, energy - and deflation in the things we don't - home ownership, higher education, advanced healthcare.

Wed, 12/18/2013 - 19:38 | Link to Comment El Vaquero
El Vaquero's picture

 

...where are the insects they claim we should be eating instead of hamburger meat?

 

I think that they're priced into the hamburger.  Just sayin'

Wed, 12/18/2013 - 21:28 | Link to Comment Pure Evil
Pure Evil's picture

Of course this whole hamburger inflation thingy isn't taking into account exactly which type of cows are used to produce the hamburger meat or quite possibly how past the sell by date or how much fat is added to the product.

Most hamburger meat comes from the worst cows like dairy cows past their milking prime or the worst sections of the cow. Grocery stores are also notorius for grinding up meat past its sell by date to sell to the least informed.

And certainly cuts like ground sirloin or chuck is going to cost more than your average anus and cow tongue ground meat.

Best advice, don't eat cow meat, always ask for the freshest insect larvae available. Pick those with the highest protein content and least number of legs. Don't be afraid to ask that an antenna be added for that extra flavor.

Wed, 12/18/2013 - 22:07 | Link to Comment Bindar Dundat
Bindar Dundat's picture

You didn't make that ground beef....

Wed, 12/18/2013 - 18:24 | Link to Comment ncdirtdigger
ncdirtdigger's picture

who knew the FLOTUS was a fan of hedonic adjustment?

Wed, 12/18/2013 - 18:50 | Link to Comment DaddyO
DaddyO's picture

Let's see if we can robotically change the headonics of the FLOTUS with something like this?

That would alter her perception of healthy eating and give her a new apreciation for real particle inflation, eh?

DaddyO

Wed, 12/18/2013 - 19:25 | Link to Comment Pure Evil
Pure Evil's picture

Tyler should check out the cartoon from that link.

Wed, 12/18/2013 - 18:19 | Link to Comment NeedleDickTheBu...
NeedleDickTheBugFucker's picture

I guess the BLS' model assumes everyone has turned in their cars for bicycles and become vegetarians.

Thu, 12/19/2013 - 00:43 | Link to Comment cynicalskeptic
cynicalskeptic's picture

Wait for the final 'adjustment' where people end up as Soylent Green - further reducing the cost of 'food'

Wed, 12/18/2013 - 18:20 | Link to Comment Lendo
Lendo's picture

And this is likely the pink slime laden beef you can get anywhere.

Grassfed is still about $5.00 lb and that's all I buy.  I still enjoy making my chili even if the economy continues to show signs of implosion.

Wed, 12/18/2013 - 18:51 | Link to Comment piker
piker's picture

Try making it with ground deer or elk.  Free range grass fed and no steroids.

Wed, 12/18/2013 - 19:02 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Yup. Just today at the Farmer's market, I paid $20 for 0.6 lb of locally sourced, Grass Fed Filet and $8 for 1/2 lb of local raw cheddar.

Thu, 12/19/2013 - 00:36 | Link to Comment Frozen
Frozen's picture

In New Dirty, I mean Jersey, my neck of the suburban parking lot expanse, I had a cashier ask me what string beans were when presented for weighing, in that clear polyethylene bag.  Also, I don;t know of this ground beef chuck you guys are talking about, but I myself just picked up a case of shrimp-flavor Friskies at a pretty steep discount.

Wed, 12/18/2013 - 18:19 | Link to Comment becky quick and...
becky quick and her beautiful mouth's picture

just substitute horsemeat.

Wed, 12/18/2013 - 18:28 | Link to Comment TheLoveArtist
TheLoveArtist's picture

You mean human meat lol.  With all the fat fucks in the USA its perfect Kobi beef

Wed, 12/18/2013 - 20:16 | Link to Comment Stuck on Zero
Stuck on Zero's picture

All fat. No beef.

 

Wed, 12/18/2013 - 20:38 | Link to Comment Wage Slave
Wage Slave's picture

Pro tip: Get people coming out of massage parlors; it has a nice tenderizing effect.

Wed, 12/18/2013 - 18:19 | Link to Comment Super Broccoli
Super Broccoli's picture

i heard that fukushima's rice was delicious and cheap this year

Wed, 12/18/2013 - 18:20 | Link to Comment keninla
keninla's picture

Besides if you replace ground beef with dog food and cook it with a little Hedonics it is just as good and less costly --  you try it first and let us know.

 

Wed, 12/18/2013 - 18:26 | Link to Comment Big Johnson
Big Johnson's picture

I wonder if the price off falafel is running in random with this spike?

Wed, 12/18/2013 - 18:28 | Link to Comment superflex
superflex's picture

Ground beef is so 2000s

SPAM, Tang and peas is all you need.

Forward!

Wed, 12/18/2013 - 18:29 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Don't worry if inflation gets "too low" like Ben said today, we've got Janet "Cannonball" Yellin ready to rock n roll (with moar QE).

Wed, 12/18/2013 - 18:31 | Link to Comment TheLoveArtist
TheLoveArtist's picture

Human ground beef its the new not so lean meat

Wed, 12/18/2013 - 18:29 | Link to Comment DaddyO
DaddyO's picture

While inflation is a big part of the coming storm, this article and poll outline the biggest threat.

BIG GOVERNMENT!! and a privately held banking cartel in charge of a country's currency.

Hey, but what the hell do I know!?!

DaddyO

Wed, 12/18/2013 - 18:30 | Link to Comment TheLoveArtist
TheLoveArtist's picture

I have a feeling inflation was quite high in times of cannibalism also, yummy

Wed, 12/18/2013 - 18:32 | Link to Comment frankTHE COIN
frankTHE COIN's picture

Gas to Heat Crack Spreads Fella's.

Wed, 12/18/2013 - 18:32 | Link to Comment grunk
grunk's picture

It's still the same price coming out of the dumpster.

Wed, 12/18/2013 - 18:33 | Link to Comment gratefultraveller
gratefultraveller's picture

Are you guys sure that's actually beef you're paying all that money for?

I mean, over here in Europe they have discovered all sorts of nasty things about our food...

Just saying...

Wed, 12/18/2013 - 18:34 | Link to Comment TheLoveArtist
TheLoveArtist's picture

You guys see these Roadkill adds on the side of the page.  Hmmm bet she would taste real good before and after she becomes supper.

Wed, 12/18/2013 - 18:32 | Link to Comment NOZZLE
NOZZLE's picture

you're looking at this the wrong way, first that's only 4.5% per year and only 5% of my food purchases so the real rate is really -60% inflation. 

Wed, 12/18/2013 - 18:46 | Link to Comment El Hosel
El Hosel's picture

Quality of Beef seems way down also,  it don't look, cook, or taste the same. I notice a huge difference in the way hamburger cooks as it splaters all over the place if you get it just a little too hot, and bleeds weird no matter what... Definately something new going into to the mix and its prolly not good. Plastic filler of some sort?

Steaks look good but are too tender to be real, tast and texture not right. I am in the midwest, plenty off cattle around... The processing has been compromised somehow.

Thu, 12/19/2013 - 10:33 | Link to Comment Cthonic
Cthonic's picture

Where's the beef?

First we switched to organic brand you can find at costco, then finally gave up on grocery 'meat'. 

http://www.eatwild.com/products/texas.html

Wed, 12/18/2013 - 18:37 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

For the last 6 months Mrs. Cog and I have been experimenting with the average Joe and Jane while food shopping. At least 4 or 5 times while trolling the aisles I will say loudly to no one in particular or directly to a stranger........"But honey, the government says there is no inflation."

From the looks on their faces or the comments they make NO ONE believes the government's inflation figures.

Wed, 12/18/2013 - 18:46 | Link to Comment Mrs. Cog
Mrs. Cog's picture

Yep. Shopping with Cog... Never a dull moment when the public is one big petri dish for his social experiments.

Wed, 12/18/2013 - 18:54 | Link to Comment DaddyO
DaddyO's picture

You would have to shop in a Harris-Teeter or Publix to get a response in my neck of the woods.

Mention inflation at a WalMart and they would head for the automotive section.

DaddyO

Wed, 12/18/2013 - 18:56 | Link to Comment seek
seek's picture

The cashiers at my local store actually give a running commentary on price increases nearly every time I check out.

If I say "but there's no inflation" I get eye rolls so intense it looks like they're having a seizure.

There's a reason trust in the government is at all-time lows, and this is one of them along with a host of others.

Wed, 12/18/2013 - 18:42 | Link to Comment Greenskeeper_Carl
Greenskeeper_Carl's picture

Ya but you guys gotta remember that flat screen tvs do lots more stuff now, and they have gotten even cheaper. Same with smart phones, you lets lots moar for you money, which is obviously deflationary, and more than offsets any increase in food prices. So what we really need is moar printing to finally get a little inflation going.

My imaginary post by dr Paul krugman.

Wed, 12/18/2013 - 18:43 | Link to Comment El Vaquero
El Vaquero's picture

Ground beef?  Pfft, I have at least 100lbs of ground elk in my freezer. 

Wed, 12/18/2013 - 18:51 | Link to Comment Silverhog
Silverhog's picture

Holy Santa crap, where do you live, on the tundra? 

Wed, 12/18/2013 - 19:31 | Link to Comment El Vaquero
El Vaquero's picture

Tundra?  There are elk all over the place in several Western, Northwestern and Southwestern states.  From Washington state down through California all the way over to New Mexico, then back up north to Montana.  I'm in NM and I see more elk than I do deer. 

Wed, 12/18/2013 - 18:49 | Link to Comment cassotto
cassotto's picture

maybe more people go for ground beef cause they cannot afford dentures anymore, making it the wise choice

Wed, 12/18/2013 - 18:54 | Link to Comment besnook
besnook's picture

i like the way the price of beef is flat except for the period after the dollar devaluation (87-92).  there are other charts that would be interesting to lay on top of the beef price chart besides gas prices like dxy.

as it is, the inflation rate for beef is around 3% over ten years. it is not bad. the key stat is the change in price for a real basket of goods in a sampling of real budgets matched to the cpi and social security payments and current wages.

Wed, 12/18/2013 - 19:12 | Link to Comment gratefultraveller
gratefultraveller's picture

you still got to watch out with the composition of that basket. in the 80ies in the italian basket of goods there were cigarettes, but not just any cigarettes - it was "Nazionali senza filtro", the italian equivalent of filterless Camels. these were manufactured by the "monopolio di stato" (government monopoly of tobacco manufacturing).

The problem was you couldn't find these cigarettes anywhere, and if someone managed to score a box of them it was a big deal. why? well, they kept costing the same 380something Lire year after year after year (thus keeping the "cigarette price" part of the basket in check) losing the government heaps of money, while all other cigarettes over the years rose to prices between 2500 Lire (the other national brands) and 3850 (imported brands like Marlboro).

other stuff in the basket was "silver coffee spoons" and "sweet chestnut flour", stuff from the past that hardly anyone bought anymore and, without demand, never rose in price much.

at the time, under prime minister Craxi, italian treasury bonds BTPs paid 21% interest, so the government had all the interest to cheat on the true rate of inflation. in order to find trustworthy numbers for their interest rates, banks either calculated their own baskets of goods or used those of other, comparable european countries like France and Spain.

I remember at the time people were "fed" with "national pride" propaganda about Italy surpassing France reaching the 6th position on the global GDP rankging, to distract them from their (relatively) shitty conditions.

PS. the post office also offered 21% bonds at the time, later reneging on the conditions and twisting peoples arms to roll over to lower rates....................

Wed, 12/18/2013 - 19:25 | Link to Comment tarsubil
tarsubil's picture

I think it is more like 5% while most people's wages have been flat or down or gone. It's all sunshine. Nothing but sunshine.

Wed, 12/18/2013 - 19:29 | Link to Comment moneybots
moneybots's picture

"as it is, the inflation rate for beef is around 3% over ten years. it is not bad."

 

As it is, stable prices means 0% inflation rate over time.  The FED pretends 2% is stable.  I remember when a postage stamp was 5 cents.  Now it is near 10 times that, due to the FED's price stability.

 

Wed, 12/18/2013 - 19:05 | Link to Comment Matt1973
Matt1973's picture

Beef price has more to do with international demand than it does with weaker dollar.  I'm in a similar industry and can tell you this for sure.

Wed, 12/18/2013 - 19:05 | Link to Comment JailBanksters
JailBanksters's picture

Double in ten years isn't much considering...

Take away the Governments Food and Fuel subsidies to providers and you'll seea game changer. Which is why they are not included in the CPI, those prices are rigged so people don't start to riot.

 

Wed, 12/18/2013 - 19:14 | Link to Comment hairball48
hairball48's picture

Central Bankers and their sycophants in acedemia and the financial media...they believe they can control inflation. Assuming they believe we've had any inflation. We all know how they game the stats.

I am going to love watching their reaction when the Central Bankers finally lose control of rates. Beef, gasoline, and most all "real stuff" will be well north of current prices. And imo, rising prices for real stuff will happen as financial assets fall in value.

Wed, 12/18/2013 - 19:20 | Link to Comment moneybots
moneybots's picture

No inflation.  SPX up only 26% in 2013.

Wed, 12/18/2013 - 19:26 | Link to Comment amadeusb4
amadeusb4's picture

I have to give you credit for trying, Tyler, but this is silly.

First, you're not showing two independent variables. Modern agriculture is the process of turning oil into food. Longer term increases in the price of beef are primarily the result of post peak increases in the price of oil.

Second, you don't explain how monetary inflation was involved. Both resources have their own supply/demand factors that influence the price outside of monetory pressures.

Nice job riling up the caveman crowd. I'm sure snorg tees and goldline.com appreciated the clickthroughs.

 

Wed, 12/18/2013 - 20:00 | Link to Comment spekulatn
spekulatn's picture

STFU and eat your iPads, bitchez.

Wed, 12/18/2013 - 21:25 | Link to Comment eclectic syncretist
eclectic syncretist's picture

You're an idiot too.  Why are you fucks finding this site all of a sudden?

Wed, 12/18/2013 - 21:34 | Link to Comment Central Bankster
Central Bankster's picture

This is fightclub bitchez, stop playing nice.

Wed, 12/18/2013 - 19:30 | Link to Comment starman
starman's picture

man, this economy is like a pressure cooker it keeps gettin hotter!

Wed, 12/18/2013 - 19:35 | Link to Comment 1stepcloser
1stepcloser's picture

More Like Fuckmeshima the day before it's black swan earthquake

Wed, 12/18/2013 - 19:35 | Link to Comment 1stepcloser
1stepcloser's picture

Sale on Meow Mix @ Publix...Pass it along prepper friend

Wed, 12/18/2013 - 19:56 | Link to Comment Yen Cross
Yen Cross's picture

    Quick get your super nutritious Brawndo® ground beef combo packs before supplies run out. Also check out our 'Pink Slime' special at the meat counter.

Wed, 12/18/2013 - 19:57 | Link to Comment razorthin
razorthin's picture

No infallation?  Blough me.

Wed, 12/18/2013 - 20:23 | Link to Comment bugs_
bugs_'s picture

tastes like horse

by the way here in the Deflationists Lounge we observe that the government controls the price and distribution of water - which is a key factor in certain food products.  Since the government controls the price that means that the price only rises as governments "horsey-back" other costs on top of everyone's water bill.  Food products that are water intensive will therefore rise but this is not due to the traditional market forces implied in this article.

Wed, 12/18/2013 - 21:49 | Link to Comment pragmatic hobo
pragmatic hobo's picture

rise in price of ground-beef is perfectly balanced by plummeting price of ssd ...

Wed, 12/18/2013 - 22:31 | Link to Comment cheetahbaby
cheetahbaby's picture

Guess Moochelle doesn't have to worry about the price of bacon, which has inflated like her enormous arse. Maybe Barry likes the smell and feel of a big slab of pork.....

Wed, 12/18/2013 - 23:28 | Link to Comment Duude
Duude's picture

Surely, there isn't any lack of criticism regarding the CPI the BLS spits out each month and for good reason. Anyone that participates in the US economy has to laugh at the ridiculous data they produce. IMHO, the primary suspect in this data is substitution methodology employed and adjustments for quality enhancements. The subsitution simply assumes when the price of beef ratchets up people will substitute chicken and therefore won't reflect the change in price of beef, and the quality enhancement is subtracting inflation when they detect a postiive change in quality. So, if the BLS decides American healthcare has improved 10%  while the cost has increased 5%, then we've experienced deflation in healthcare.   So, how easy is it to manipulate the numbers?  LOL  I'd prefer we just use the increase in government year to year as a gauge for the cost of inflation. If government spending increases 5%, inflation has increased 5%.  Unfortunately, government will just use that as a basis to grow government even faster.

Thu, 12/19/2013 - 00:54 | Link to Comment cynicalskeptic
cynicalskeptic's picture

No inflation?!?!?

Heating oil has gone from under $1 when we bought 20 years ago to over $4.25 now.

My local property taxes have more than tripled in the same time (I won't quote the amount for fear of giving people a heart attack but they're more than I was paid out of college and sadly, quite typical of the NYC area suburbs).

In the last 18 months bacon has gone from under $4 to over $7

A good beef roast has more than doubled and now costs more than $50

Last time I was shopping I was shocked to see Sugar is now in 4 lb bags instead of 5 lb bags.

Pickles are now $1.29, up from 79 cents two years ago.

And things like cereal comes in smaller boxes and my Dial soap has a big chunk carved out of the back of the bar now.

Then you have things like 1/2 inch plywood which has doubled in less than 5 years (in the midst of a dead building market?)

 

Thu, 12/19/2013 - 01:23 | Link to Comment jonjon831983
jonjon831983's picture

Hope that increasingly expensive ground beef is as advertised.

 

A look back at early 2013`s revelation in UK and parts of Europe: http://www.cbsnews.com/news/uk-recalled-lasagna-products-contain-60-percent-horsemeat/

Thu, 12/19/2013 - 09:21 | Link to Comment swedish etrade baby
swedish etrade baby's picture

Here in Sweden we are eating more meat than ever before. I think something like 40% of all food in the west is thrown away. In Sweden you have to pay atleast $5.5 per pund for ground beef. 

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