Thursday 26 March 2015

How LOW can inflation go?...................from Rico

Hilarious!
- The FED says we are in a period of "low inflation." [Last year's "official" inflation rate was 1.7% btw. Think COLA. Think Social Security.]
 
Forget steak, and forget 'substituting' hamburger for steak.
- From 2008 to now, the cost of ground beef (hamburger) has increased from ~ $2/# to over $4/#.
 
Then look at the cost of food.
- No inflation there, right Sparky? Hahahahahahahaha..............
 
 
Wages (paychecks) have NOT seen a similar increase, they have instead declined in real terms (inflation adjusted).
- If you still have a paycheck. 
 
 



No comments: