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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (69369)	9/24/2007 7:37:58 AM
From: Mike da bear	Read Replies (3) \| Respond to of 116555

My weekly grocery bills have increased at least by 20% in just the last year or two. Well you need to be like Mish and only buy the loss leaders. Go get 50 lbs of that 1.19 steak on sale and only eat that. Skip the veggies and dairy products. Mish has harped on the same theme for years. Because supermarkets advertise loss leaders he feels food is a bargain. Note this (Mish will say they're lying)... Kroger, the largest US supermarket group, said on Tuesday that inflation in its core grocery business is running "at a level not seen in several years," underlining concerns over the broader economic impact of higher food prices. Rodney McMullen, chief financial officer, said that the prices the retailer paid for products increased 21.6 per cent during the second quarter. "We are experiencing inflation across many core grocery and perishable consumer categories," he said. He goes on to say that the 3rd will be a repeat of the 2nd quarter.