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Things Getting More Expensive
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red_devil



Joined: 30 Jun 2008
Location: Korea

PostPosted: Fri Jan 07, 2011 1:48 am    Post subject: Things Getting More Expensive Reply with quote

Well things are not quite so great in the economy as the gov't would like everyone to think...

Rising prices turn grocery shopping into ordeal
Inflation trumps growth this year
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AsiaESLbound



Joined: 07 Jan 2010
Location: Truck Stop Missouri

PostPosted: Sat Jan 08, 2011 9:12 am    Post subject: Reply with quote

This is the new, but growing trend in many countries according to what I read yesterday in one of those international newspapers you get on flights. Korea isn't the only country suffering a new, but unusual inflation. Unfortunately, rising inflation, decreasing quality, decreasing quantity, decreasing selection, and fewer overall economic opportunities across the board is a proliferating global phenomenon not going away anything soon. Too bad for the young and future generations, because Earth's natural resources will only continue to dwindle as a hungry population further explodes to new highs and the wealthy elite continue to plunder it until it's gone. Not to be pessimistically cynical, it terribly unfortunate that it all only gets harder as time progresses. I hate to think what's going to happen in the future, but it doesn't look good as it's obvious what we are doing today isn't sustainable.
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Junior



Joined: 18 Nov 2005
Location: the eye

PostPosted: Sat Jan 08, 2011 4:35 pm    Post subject: Reply with quote

AsiaESLbound wrote:
Earth's natural resources will only continue to dwindle as a hungry population further explodes to new highs and the wealthy elite continue to plunder it until it's gone.


There really is enough for everyone. The world can easily feed 6 Bn or 10 Bn.

But not if a corrupt, elite 1% of the population owns and squanders 99% of the wealth.
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Wed Mar 02, 2011 11:01 am    Post subject: Reply with quote

http://www2.macleans.ca/2011/02/25/stealth-inflation/

Quote:
Rising prices sparked riots across Africa and the Middle East but, fortunately for North Americans, inflation has barely budged, right? Maybe not. The inflation rate in the U.S. in January was just 0.4 per cent, even though prices for raw materials�like cotton, wheat, metals, oil and wood�have soared worldwide. How are companies holding prices steady? By giving shoppers less for the same money.

An analysis of 10 products in the U.S. by Consumer Reports found packages are getting smaller: Ivory dish detergent shrank from 30 ounces to 24 ounces, Classico pesto sauce from 10 ounces to 8.1 ounces, Kraft American cheese from 24 slices to 22 slices, and H�agen-Dazs ice cream from 16 ounces to 14 ounces. According to Peter S. Cohan & Associates, a consulting firm, assuming prices stayed the same, the smaller packaging translates into an average price inflation of 12.2 per cent�far above the official rate. Call it inflation by stealth.


http://www.msnbc.msn.com/id/32450072/vp/41723900#41723900

I see this every day. Less for same price.
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jvalmer



Joined: 06 Jun 2003

PostPosted: Wed Mar 02, 2011 12:40 pm    Post subject: Reply with quote

Junior wrote:
AsiaESLbound wrote:
Earth's natural resources will only continue to dwindle as a hungry population further explodes to new highs and the wealthy elite continue to plunder it until it's gone.

There really is enough for everyone. The world can easily feed 6 Bn or 10 Bn.

But not if a corrupt, elite 1% of the population owns and squanders 99% of the wealth.

The world can sustain a population even higher than 10 bln. But you are right in that much of it does get squandered away in luxury foods like caviar, instead of staples like bread and rice. Canada alone could probably feed much of the world if they just gave it away, but that will never happen.
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caniff



Joined: 03 Feb 2004
Location: All over the map

PostPosted: Wed Mar 02, 2011 10:38 pm    Post subject: Reply with quote

Soylent Green?
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bucheon bum



Joined: 16 Jan 2003

PostPosted: Fri Mar 04, 2011 8:45 am    Post subject: Reply with quote

Farmland in the Midwest is jumping up in price.

Quote:
The surge in prices has been dizzying throughout the Midwest, with double-digit percentage increases last year in Illinois, Indiana, Iowa, Kansas, Minnesota and Nebraska. In parts of Iowa, prices for good farmland rose as much as 23 percent last year, according to the Federal Reserve Bank of Chicago.


Quote:
�History has taught us that it is nearly impossible to determine how much of the farmland boom may be an unsustainable bubble driven by financial markets,� said Thomas M. Hoenig, president of the Federal Reserve Bank of Kansas City, in testimony before the Senate Agriculture Committee last month.

Officials at Mr. Hoenig�s bank warn that farmers face a �huge� risk that rising interest rates, perhaps combined with falling crop prices, could undercut land values. Farmland values could drop by a third to a half in such a situation, Mr. Hoeing testified.
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987psh



Joined: 02 Mar 2011

PostPosted: Fri Mar 11, 2011 11:41 pm    Post subject: Reply with quote

maybe won will become weaker?
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BoholDiver



Joined: 03 Oct 2009
Location: Canada

PostPosted: Sat Mar 12, 2011 8:25 am    Post subject: Reply with quote

It's already at a super low level and being devalued.

987psh wrote:
maybe won will become weaker?
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legrande



Joined: 23 Nov 2010

PostPosted: Sun Mar 20, 2011 9:58 am    Post subject: Reply with quote

Well, at some juncture in the not-so-distant future the rapidly dwindling level of natural resources will hit a critical point-of-no-return, at which time we can all pat ourselves on the back for being too clever for a more sustainable approach. It almost feels like the day of recknoning is upon us now, what with all hell breaking loose every which way all at once. Ah, well, we all shared some good times...
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Thu Mar 31, 2011 6:06 am    Post subject: Reply with quote

http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm
Quote:
U.S. consumers face "serious" inflation in the months ahead for clothing, food and other products, the head of Wal-Mart's U.S. operations warned Wednesday.

The nation's largest retailer needs to get back to its roots as the lowest priced one-stop shop for consumers, Walmart CEO Bill SImon said.

The world's largest retailer is working with suppliers to minimize the effect of cost increases and believes its low-cost business model will position it better than its competitors.

Still, inflation is "going to be serious," Wal-Mart U.S. CEO Bill Simon said during a meeting with USA TODAY's editorial board. "We're seeing cost increases starting to come through at a pretty rapid rate."


Going to be serious.
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bucheon bum



Joined: 16 Jan 2003

PostPosted: Thu Mar 31, 2011 6:19 am    Post subject: Reply with quote

A Stealth Downsizing as Shoppers Pay More for Less

Quote:
As an expected increase in the cost of raw materials looms for late summer, consumers are beginning to encounter shrinking food packages.

With unemployment still high, companies in recent months have tried to camouflage price increases by selling their products in tiny and tinier packages. So far, the changes are most visible at the grocery store, where shoppers are paying the same amount, but getting less.
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bucheon bum



Joined: 16 Jan 2003

PostPosted: Thu Mar 31, 2011 6:20 am    Post subject: Reply with quote

Whoops, I see you already posted a similar story on this at the beginning of the month mises. Nice to know the NY times finally noticed.
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Madigan



Joined: 15 Oct 2010

PostPosted: Thu Mar 31, 2011 6:27 am    Post subject: Reply with quote

^This is really noticeable in the coffee isle. Prices are the same, but the bags are now 14oz instead of 16oz like they were even just a couple months ago.
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Thu Mar 31, 2011 6:55 am    Post subject: Reply with quote

From the video in the Wal-Mart article above:

Quote:
There�s a lot of inflation showing up in dairy


The price of whole cream has gone from just under 2$ to over 5$ in about a year. Too bad Bernanke can't quantitatively ease milk. The sushi restaurant I patronize most frequently raised prices about 20% a couple weeks ago. It costs 10$ more to fill up my vehicle. And so on.
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