Inflation/Food Prices Rising - Stock Markets Headed For Crash 16 Aug 07

Discussion in 'Other News' started by WiseOne, Aug 16, 2007.

  1. WiseOne

    WiseOne Inactive contact bullhaulerswife

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    [ 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
     
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  3. Cybergal

    Cybergal Road Train Member

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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.:biggrin_25513: OR should say I DID!
     
  4. panhandleswife

    panhandleswife <strong>Florida Girl</strong>

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    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 . :biggrin_25513:
     
  5. WiseOne

    WiseOne Inactive contact bullhaulerswife

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    [ 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.
     
  6. Ronnocomot

    Ronnocomot Road Train Member

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    Keep up the doom and gloom talk folks, long-term investors will thank you.
     
  7. mikroos5

    mikroos5 Medium Load Member

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    I don't think it's Doom and Gloom,It's REALITY.

    Be aware,And prepare.
     
  8. Ronnocomot

    Ronnocomot Road Train Member

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    So should I start stocking my non-perishables in the bunker? LOL
     
  9. mikroos5

    mikroos5 Medium Load Member

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    Nope you don't have too,just don't come asking for some IF anything happens. LOL:biggrin_25522:
     
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