Friday, November 10, 2006
and from the ever-entertaining Mogambo Guru:
"And if you don't think that prices are rising, then let's stroll on over to the latest Economist magazine and take look for ourselves. Hmmm! The Dollar Index for All Items is up 37.5% from a year ago. Sounds like higher prices to me! Food is up 20.1% from a year ago, and that sounds like higher prices to me, too! All Industrials is up 56%, which I am SURE is higher prices, and Metals is up 80.4%, which I am absolutely positive is higher prices!
The only thing that is NOT up in this table is Non-food Agriculturals which is still up 2.8% from a year ago, a level of inflation that used to be thought of as alarmingly high, back before Americans lost their minds 50 years or so ago." Read more