[ MIDLAND, Va. The Labor Department's most recent inflation data showed that U.S. food prices rose by 4.2 percent for the 12 months ending in July, but a deeper look at the numbers reveals that the price of milk, eggs and other essentials in the American diet are actually rising by double digits.
Already stung by a two-year rise in gasoline prices, American consumers now face sharply higher prices for foods they can't do without. This little-known fact may go a long way to explaining why, despite healthy job statistics, Americans remain glum about the economy. ]
Read More Here >> McClathy
More Articles >> World Markets Headed For Crash
WiseOne's Comments, it is time to pay the piper, Just MHO
Inflation/Food Prices Rising - Stock Markets Headed For Crash 16 Aug 07
Discussion in 'Other News' started by WiseOne, Aug 16, 2007.
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####! Just something else to worry about.
I don't know, how large numbered families are going to cope especially with these high rising prices.
It's bad enough for me and my husband. I love MILK and drink quite a bit of it. OR should say I DID! -
i hear ya its just me and john but we love milk to and its hard with all this going on i think its crazy . -
[ LONDON (Reuters) - World stocks took another dive on Friday despite early attempts at a rebound in Europe while currency dealers drove the Japanese yen to a 14-month high against the dollar, throwing out risky leverage.
Wall Street looked set for a weak opening.
"Everyone's still scared and many people want to cash out in the short term," said Alex Huang, vice president at Mega Securities in Taiwan. ]
Read More Here >> Reuters
WiseOne's Comments, This is long in coming, the economy/stock markets are way too hot for no reason...it was baseless (like a skyscraper built on sand). It is reminiscent of the 1929 boom/crash. People have nothing holding them back and are using up our natural resources at ravenous levels. Credit is extremely overextended and savings are almost NONE. It is a perfect worldwide storm a brewin. -
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Be aware,And prepare. -
So should I start stocking my non-perishables in the bunker? LOL
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