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

To: John Vosilla who wrote (93843)	4/27/2008 1:20:46 AM
From: sea_biscuit	Read Replies (2) \| Respond to of 110194

According to WSJ, "The latest data show cereal prices rising by more than 8% a year. Both flour and rice are up more than 13%. Milk, cheese, bananas and even peanut butter: They're all up by more than 10%. Eggs have rocketed up 30% in a year. Ground beef prices are up 4.8% and chicken by 5.4%." So Mish was absolutely right to buy and store all that frozen chicken and ground beef 6 months ago... The only problem is that the fella is predicting deflation, not hyperinflation. But you can't fault him for preparing for what's REALLY going to happen, can you?! ;-)