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

To: Claude Cormier who wrote (72430)	12/16/2007 10:27:13 PM
From: loantech	Read Replies (1) \| Respond to of 116555

Well mish may be right about a temporary meat sale at safeway but I have done the grocery shopping as one of my family jobs for 25 years and being an accounting major (BORING DRY) <g> have a pretty good head for remembering simple numbers. Most groceries are up over 10% this past year BWDIK? I also shop at safeway but predominantly at a discount store called Winco. So I think I know what I am talking about. Across the board we have seen a 10% increase in most foods if not more this past year. VS my annual salary increase last year of about 3%. I call what is happening at the grocery store INFLATION. We have not had a homeowners insurance claim for 25 years and last year I switched from one major company to another my insurance bill was recently raised over 10%. My home value did go up about 1 or 2% YOY.I call that INFLATION. In addition our property tax went up 12% last year. I call that INFLATION. I filled up the tank on my gas hog my paid for beloved 1992 Crown Vic and it was about 2.95 this week. Over the past TWO years I call that INFLATION too. So hope the deflationists are correct soon as I may not get hurt too bad in a deflationary environment as my debt load is low and I guess deflation may hurt those the most that carry a lot of debt. So a spotty deflation in housing prices in Vegas, Florida and California has yet to bring MY cost of living down.<NG> or should I say LOL to defaltion up to now?