Spot The Similarity

Tyler Durden's picture

A problem with increased difficulty*

* For the BLS that is. Somehow all of the above has to be spun as deflationary.

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Gene Parmesan's picture

Steak tips that is. While you can afford them.

Dr. Richard Head's picture

"Let them eat dyed linen with dead presidents on it!" - Benny "The Bearded" Bernanke

LMAOLORI's picture

 

 

 

Dr. Richard Head

They won't care if you eat at all

 

The Bernanke Cliff

snip

Central banks across the globe are about to launch a coordinated effort to boost inflation. You would be wise to prepare accordingly.

http://www.realclearmarkets.com/articles/2012/08/21/the_bernanke_cliff__99835.html

 

Hype Alert's picture

Maybe the plan is to get everybody on EBT cards.  Certainly headed that way.

mr. mirbach's picture

They are going to skip the card and implant an RFID chip. Then they'll just load your monthly credits in the system for your slave labor job, like out of some Heinlein novel.

ZerOhead's picture

Spot The Similarity

Corn, rice, soy and wheat all way up.

Biofuels are finally becoming more popular?

(I can't wait until they get those corn-fired power plants up and running... at least things will smell nice downwind for a change although the 'popping' noise may prove deafening...)

AldousHuxley's picture

look at these charts:

 

http://stockcharts.com/freecharts/candleglance.html?GLD,SLV,COW,JJU,JJC,...|C|C20

 

 

which one is different?

 

grains etf...especially starting mid summer since the drought hit. You could have predicted this from VERY mild winter. no snow in ski resorts ---> no water for farms in the summer.

 

snow caps are nature's natural water reservoirs....

JPM Hater001's picture

Screw commodities....Let them eat cake!

economics9698's picture

What the fuck is wrong with you peasants?  The fucking CPI is 1.7%.  Move along assholes.

FreedomGuy's picture

You have to put the charts in context. Actually, you can argue it is deflationary. The prices are up not because of a weakening dollar but because of shortage. It i just the other side of the supply and demand chart or more precisely a price-demand chart. Since the supply is down there is more price competition for the remaining supply, i.e., a stronger more competitive demand for each unit.

Incomes are flat. Personally, I think they are decreasing outside of government jobs. So, people will spend MORE on food while making the same or less. This puts downward pressure on other prices. People eat out less, cancel some or all of their cable, etc. Add gas prices to it and it actually might be deflationary.

What we see these days to me is a fascinating confluence of two powerful economic forces. One force is the coordinated effort of all governments worldwide to reflate or inflate to get out of debt. The other force is the amazing ability of those same centrally planned governments to wreck their own economies causing deflation. I cannot tell which will win out, but I tilt to deflation these days when I see legislation like Obamacare and tax hikes.

NidStyles's picture

I think they stopped with that excuse a while ago... Something about it being on going...

prains's picture

all your graphs are belong to us

Papasmurf's picture

One in each hand - double dip.

max2205's picture

You know they read it upside down...get with it man!!

Biggvs's picture

Bullish! How can anyone go hungry? Green shoots for every pot and a combustion, strike that, combustible car for every backyard!

aint no fortunate son's picture

somewhere I hear a chorus of terrified little chirping acolytes singing "but, but, they're all volatile" - volatile this, you fucking little hobbits

Juan Wild's picture

A fine example of the lofty heights of today's investigative journalism.

slaughterer's picture

QE3 leading to world-wide food riots leading to WW3.  Bullish!

Dingleberry's picture

"This is all drought related.....I told ya'll bitchez inflation is contained!!"

 

-Heli-Ben

Hype Alert's picture

Exactly, we need to print money because of the worry of deflation.  [/sarc]

silver500's picture

But Bernake says commodity prices are determined by global supply and demand for each commodity and not fed policies.  Any correleation is therefore coincidence.  Of course Bernake claimed credit for the increase in the S&P500.

Dr. Richard Head's picture

And targeted inflation of 2-3% is good and the Fed is working well within that mandate.  Additionally, it depends on what the definition of inflation is.

Hype Alert's picture

Yes, it's perfectly fine to inflate the cost/price of companies and Bernanke's skills are so fine tuned as to not inflate the cost/price of commodities.  The only problem is trashing the currency they are priced in.  I'm sure if he, or anyone else, thinks about it long enough, they can figure out the relationship.

Lewshine's picture

To: Hype Alert  "I'm sure if he, or anyone else, thinks about it long enough, they can figure out the relationship".

I'll take that bet all day long!! You offer far too much credit to the cognitive perceptions of your fellow man.

 

HoofHearted's picture

Oooh ooohh, pick me, Mr. C.

These are all things that are not growing in most peoples's back yards. See. I knew I could get it.

Midas's picture

I just harvested my Yukon Gold potatoes from my garden.  Those bastards are tasty.  They really do taste like they have been buttered.  Easy to grow, but I probably should have planted more than four....

hedgeless_horseman's picture

 

 

Down here we grow sweet potatoes, aka yams. 

Too cheap to chart.

startingnow's picture

Bought my year's supply of hay for my cattle this A.M...   At the price, you all better get used to stone soup heated by hot air from our leaders.  That's all most people will be able to afford.

ShakaZulu's picture

Hope you bought your year's supply of ammo, also.  Those coldstone eaters are going to get really hungry for fresh cow.

Papasmurf's picture

Potatoes are bad for your health.  Eat up, and go long insulin.

PaperBear's picture

All dancing to the beat of the same drum.

And that beat comes out of the non-Federal non-Reserve.

Comay Mierda's picture

but but phd economists say that's transitory!

bania's picture

rorschach images of paul kedrosky

RacerX's picture

those charts are most certainly bullish

francis_sawyer's picture

Print more food... NOW!

madcows's picture

No need to worry about the cost of food.  I've got an iPad.  I can look up pretty tempting pictures of food on it.  And, it's the latest version.. very fast internet.  It has lots of capabilities.  Much more than the previous version.  So, even though I paid twice as much, there is no inflation via hedonics.

ParkAveFlasher's picture

When the big hit comes all those gadgets will be scrapped for their silver and copper and recyclable material content. 

And that is how societies return to darkness without physical memory of what was, except what gets etched in stone or worked into pure metal. 

cougar_w's picture

The memory hole awaits all of this.

ParkAveFlasher's picture

yeah ... and in other holes, we find huge caches of roman gold & silver coinage.  pretty pure.  ready to collateralize. 

francis_sawyer's picture

On the Cu front... The $5k I've saved over the past 5 years NOT buying i-phones (or even using a cell phone)... I exchanged at the bank for US nickles...

I'm not sure where they are anymore though (or really ~ if I missed any calls or text messages along the way)...

ParkAveFlasher's picture

oooh nickels are heavy.  they don't float, you know.  nothing like a duck.

francis_sawyer's picture

they're heavy as shit... Harder to steal than gold though... & FIAT price fluctuations are no bother...

ParkAveFlasher's picture

who cares about the spot price?  TPTB are on a pan-generational timeline.

4 generations ago, the Federal Reserve was chartered.

3 generations ago, FDR criminalized possession of gold bullion.

2 generations ago, Nixon removed all hardness from the dollar, "temporarily".

1 generation ago, in fact a little bit less than a generation, the bull market started.

Nothing To See Here's picture

Well guys, let's not fall into BLS-type fabricated data and put 3 times the same chart as if they were proof of 3 different things (soybeans)

Hype Alert's picture

"You didn't inflate that!" 

 

Oh yes he did..