Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: TH who wrote (23477)	2/14/2005 1:53:29 AM
From: Amy J	Read Replies (4) of 116555

TH, RE: "Inflation? I got some stinking inflation." Was at the grocery store today, and noticed 15% to 25% inflation on three items. There appears to be a local inflation in food prices. Some of the fish and meat had increased by as much as 10% too. Though no significant change in milk prices that I noticed. The grocery clerk complained about how inflation of gasoline is eating away at her raise - she said she can't keep up with inflation. It's becoming cheaper to eat at a restaurant than buying food at a grocery story. Watch Greenspan this week. My bet is Jan's cpi wasn't good. Once he starts raising interest rates again, we'll get a double whammy - PEs will contract further. Regards, Amy J

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