BlazerFan11
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Inflation Doublethink - from Sovereign Man
Quote:Recent headlines below:
“World Bank: Global food prices are rising to dangerous levels”
“Sysco declares force majeure, raises grocery prices”
“The J. M. Smucker Company Announces Coffee Price Increases”
“Kraft warns on price increases”
“Kellogg says it will raise prices”
“Sara Lee to raise prices again on higher commodity costs”
“Bridgestone To Raise Prices”
“Goodyear will raise tire prices up to 6%”
“Allstate rates rise; patience with execs runs thin”
“State Farm wants 28 percent rate increase in Fla.”
“Blue Shield to delay Calif. health rate hikes [for only 60 days]”
“Wellmark [Midwest division of Blue Cross] Rate Hike Approved”
“Abercrombie & Fitch CEO says retailer will have to raise prices”
“Sprint bumps up its smart-phone data plans $10 a month”
“Xcel Energy customers to see rate hikes”
And then there’s this quote to tie it all together:
“Overall inflation is still quite low and longer-term inflation expectations have remained stable.” — Ben Bernanke, February 9, 2011
http://www.sovereignman.com/
For those of you who aren't aware of it, this is an excellent blog. The author is an American who got tired of having his money and civil liberties taken from him, so he moved to Chile. He gives good advice on foreign investing, offshoring, expatriating, etc.
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02-17-2011 10:57 PM |
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