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Thread: Wholesale prices up 1.6 pct. on steep rise in food

  1. #21
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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    Ethanol subsidies have been one of the largest (controllable) source of food price increases in the last few years. Granted, the main causes of food price increases are oil price increases and bad weather, but nevertheless the US could significantly reduce the price of corn-based foods, at home and abroad, by getting rid of ethanol subsidies. This is a horrendous policy.
    Last edited by Kandahar; 03-17-11 at 02:03 AM.
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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    Quote Originally Posted by danarhea View Post
    It all boils down to a very simple observation. The more money the government prints, the more worthless it becomes.
    Except there really isn't any inflation right now...at least once you factor out the non-monetary causes like supply drops or demand increases in oil and foodstuffs. Core inflation is hovering very close to 0%, which is actually LOWER than it probably should be.
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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    Quote Originally Posted by j-mac View Post
    Related, lets jump in the way back machine all the way back to 8 weeks ago....




    Who does this amateur Obama think he is fooling?

    j-mac
    :facepalm:

    Obama cannot control the price of food prices. Increases in oil (generally) lead to increases in food prices, as the agribusinesses must cover the costs of their oil usage. The main problem with this is that these increasing food prices negatively affect those in the third world, see this and this.
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

  4. #24
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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    today: US Cost of Living Hits Record

    bear in mind---the public, due to the massive SLASHING of services going down institutionally at the state level, is also gonna have to pay more simply to keep the same services it knew in times past

    worry

  5. #25
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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    Quote Originally Posted by Amazed View Post
    There's not a whole lot that Obama can do about the price of oil. It is what it is.

    There absolutely is, sign an Executive Order to drill EVERYWHERE we can.

    Return Speculation Rules to pre 2000 Rules.....IF you purchase Oil Futures, or ANY Futures you MUST be able to have the capability to take the shipment of the Commidity.
    Increasing the global oil production levels by .5% a decade from now isn't going to get us lower gas prices.
    A lot of oil in the ground is not there because those darn environmentalists prevented drilling there, but rather because it's of low quality or difficult to extract and is therefore not economically viable to extract yet.
    Last edited by Deuce; 03-18-11 at 09:39 AM.
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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    today:

    Coffee, sugar and cocoa prices will rise five- to 10-fold by 2014 because of shortages that will mean consumers getting “swamped” by food-price inflation, according to Superfund Financial.

    A lack of farmland and rising costs means growers will fail to keep up with demand, said Aaron Smith, managing director of Superfund Financial (Hong Kong) Ltd. and Superfund USA Inc. Commodities account for about 40 percent of Superfund’s $1.25 billion assets under management.

    A United Nations index of world food prices jumped to a record last month, contributing to riots across northern Africa and the Middle East that already toppled leaders in Egypt and Tunisia. Global food security is threatened by “excessive price volatility and speculation,” farm ministers from 48 countries said in a joint statement after meeting in Berlin in January.
    Food-Price Spiral Will Swamp Consumers With More Inflation, Superfund Says - Bloomberg

    worry
    Last edited by The Prof; 03-31-11 at 09:21 PM.

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    Re: Wholesale prices up 1.6 pct. on steep rise in food

    today: Small businesses are increasing prices to handle inflation - Mar. 31, 2011

    it's pretty much all consumables---grain, coffee, sugar, meat, dairy, tin, copper, oil...

    will consumers pay, cnn's underlying question

    we'll see

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