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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Mike Johnston who wrote (69225)9/1/2006 7:51:51 AM
From: russwinter  Respond to of 110194
 
Bingo! also combined with the plutocratic loot of Brazil America, see my blog yesterday.

Bennigan's restaurant dropped the price of their half pound burger from $7.99 to $4.99. That's a drop of $3 or 37.54 percent!

The declining hamburger price Mish writes about sounds like another Risklove/Pig Man trading opportunity doesn't it? Boyz can borrow in the Euroyen market, create a derivative to hedge it, and then arbitrage and ship the ground beef to some Bully town, where they'll pay $9.99. Call it the Bennigan carry trade, leverage it 5:1, and think of the profits. <ng>



To: Mike Johnston who wrote (69225)9/1/2006 11:24:57 AM
From: John Vosilla  Read Replies (2) | Respond to of 110194
 
'Bottom line: If due to inflation, inflation adjusted income goes down from 51K to 35K, the drop is not deflation, it is simply inflationary collapse of living standards.'

So true. Actually Mish doesn't get the fact that an inflationary squeeze taking more and more of stable paycheck is much worse on working people whether it is Michigan or Florida than deflation is. The worst combination of declining home prices, flat wages, loss of so many housing related jobs and double digit increases in costs of living is upon the folks down here in Florida.