tag:blogger.com,1999:blog-11719208.post5943451573796681713..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Inflation (statistics) remain containedTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-11719208.post-10081443758653986522008-06-14T07:01:00.000-07:002008-06-14T07:01:00.000-07:00Meat prices are temporarily lower because since co...Meat prices are temporarily lower because since corn used for feed is so expensive they're sending cattle straight to slaughter rather than feed them to fatten them up, which would cost so much now it's not profitable. This is causing a temporary glut of meat on the market. Once that's out of the pipeline, prices will go up.<BR/><BR/>I guess frozen steaks would be a good investment now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-7139203946924406882008-06-13T12:01:00.000-07:002008-06-13T12:01:00.000-07:002.6 % for meat, poultry, fish. Yes that jives with...2.6 % for meat, poultry, fish. Yes that jives with what I'm seeing at my local grocery store. I can go in and find rib-eye & new york strip on sale for very reasonable prices. But when I go to buy a jug of cooking oil, or a damn lemon, or a gallon of milk I encounter serious sticker shock. A lemon for $1.19 each? Comeon!<BR/><BR/>I agree, meat prices will soon catch up in terms of inflation. That corn fed beef will have to pass on price increases for corn at some point.<BR/><BR/>My wife and I have started to shop for most of our items at the local grocery stores with the cheapest prices. Not necessarily the big name stores like vons, etc.<BR/><BR/>Did anyone notice the second to lowest spot for alcoholic beverages? Good thing I can still buy that bottle of Jack to wash away my sorrows.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-60331579434064231442008-06-13T08:04:00.000-07:002008-06-13T08:04:00.000-07:00It's laughable how low these statistics are compar...It's laughable how low these statistics are compared to everywhere else in the world. The fact that the CPI is not consistent with reality is finally going mainstream.Edward Harrisonhttps://www.blogger.com/profile/06078305973678479125noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-65887665274971559412008-06-13T07:37:00.000-07:002008-06-13T07:37:00.000-07:00Eating out (I don't know who does) helps inflation...Eating out (I don't know who does) helps inflation because the price doesn't go up, they just offer cheaper, smaller cuts. Don't forget how falling home prices is probably holding down the numbers as well.Anonymousnoreply@blogger.com