OUR FLOURISHING ECONOMY  11:34 am March 18, 2011

Cost of Living Soars As Income, Assets & Government Services All Decline

by Ken Layne

Mmm, salty tears ....Despite consistent claims of low inflation during this endless Great Recession, Americans are paying dramatically more for gasoline, electricity, heat and food — everybody notices the $4 gas, but the jump in food prices to a 36-year record is harder to see because it’s spread out across your grocery bills. And now the official inflation rate is rising, up half a percent for January and .06% in February, just as millions of American households are running out of emergency unemployment benefits and many millions more are surviving on stagnant or part-time wages. With federal, state and local governments slashing services at a furious clip while taxes most harmful to the poorest people are shooting higher — check out what you’re paying in sales tax this year! — the basic cost of existing in this teetering country has gotten completely out of hand.

CNBC reports:

“As the cost of living increases, we are headed toward a bigger problem with the slowing of housing permits,” said JJ Kinahan, chief derivatives strategist at thinkorswim, a division of TD Ameritrade. “As the staples start to cost more, this could lead to a quick slowdown in the auto and technology sectors as an iPad is an easy thing to pass on if you are paying more for your gas and food and need to cut back somewhere.”

To be sure, it’s nearly impossible to get a perfect “cost of living” measure, and the BLS acknowledges this on their web site: “An unconditional cost-of-living index would go further, and take into account changes in non-market factors, such as the environment, crime, and education.” Still, states will be cutting back services drastically this year at the very same time they are raising taxes in order to close enormous budget deficits and avoid a muni-bond defaults crisis. So while it may be the missing link to a perfect cost of living measure, one can assume that Americans will be paying more for unquantifiable services such as police enforcement and education, but getting them at a lesser quality.

In other words, prices are just as high as they were during the bubble/boom times … and the bubble/boom times are gone forever. [CNBC via Cryptogon]

 

Hola wonkerados.

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{ 156 comments }

WhatTheHeck March 18, 2011 at 11:39 am

Tax cuts for the rich sure will take the sting out of my lowly existence.

AngryBlakGuy March 18, 2011 at 11:52 am

…that "single" comment has caused no less than 4 spontaneous erections/ejaculations at the RNC!

LesBontemps March 18, 2011 at 12:17 pm

Don't forget repealing healthcare reform and banning ghey marriage. And, um, Planned Parenthood, NPR, ACORN, socializmz , also, too.

loki_monster March 18, 2011 at 12:26 pm

Duh. All that money the rich save will totes trickle down to the lowly!

Negropolis March 18, 2011 at 9:38 pm

Yes, we need to get rid of these job-killing taxes…by continuing to pass on the cost of society to the poorest amongst us.

You know, when you jump down the rabbit hole and through the looking glass, you do, in fact, reach a bottom. Jus' sayin', Republicans.

Shit, meet fan. Fan, shit.

Callyson March 18, 2011 at 11:39 am

Well, at least those of us living on the West Coast will die from radiation exposure soon anyway…

freakishlywrong March 18, 2011 at 11:42 am

gasoline, electricity, heat and food. Who needs these things? Take that, elitist, greedy teachers.

Swampgas_Man March 18, 2011 at 6:34 pm

All I need's a song in my heart and a smile on my face. And a tax cut, always w/ the tax cuts.

教授 Zoom March 18, 2011 at 11:42 am

Once again, kids: It ain't class warfare when the wealth is being redistributed upwards.

ManchuCandidate March 18, 2011 at 11:43 am

Yeah, the war is over. We lost.

jqheywood March 18, 2011 at 11:57 am

No. The battle is just now being joined. Time for heads on pikes….

Lascauxcaveman March 18, 2011 at 12:02 pm

I see dead rich people.

trampndirtdown March 19, 2011 at 1:26 am

The war is never over!

教授 Zoom March 19, 2011 at 2:01 am

We have always been at war with Middle Classia

SorosBot March 18, 2011 at 11:53 am

It's just jealousy of the rich, who are naturally superior and whose feet we should be groveling for their allowing us to exist.

Oblios_Cap March 18, 2011 at 11:59 am

But are they torch and pitchfork proof? Are they?

SorosBot March 18, 2011 at 12:26 pm

Maybe we should test that possibility…

GOPCrusher March 18, 2011 at 2:49 pm

Ever notice, it's never considered class warfare until the poors demand stuff?

Swampgas_Man March 18, 2011 at 6:36 pm

Poors making demands IS classism; the rich getting whatever they want is the natural order.

Graham Cracker March 18, 2011 at 4:42 pm

…and because St. Ronnie of Hollywood said that it would all trickle back down, too. Also.

AngryBlakGuy March 18, 2011 at 11:42 am

…so Japan has an earthquake followed by tsunami and capped off with a nuclear winter; and that caused the value of their currency to rise? I think I may have just solve our inflation problem!!!

AngryBlakGuy March 19, 2011 at 1:14 pm

…geez, I love taking damage from these "down thumber"!

harry_palmer March 18, 2011 at 11:42 am

This is exactly why the IRS needs to crack down on abortion tax cheats.

Hatrabbit March 18, 2011 at 11:42 am

Mmmm … Hobo soup, now with delicious chunks of Hobo.

widestanceroman March 18, 2011 at 12:17 pm

Actually, those are hobo by-products and you do not want to know any more.

Smitros March 18, 2011 at 4:46 pm

I will only have soup made with prime cuts of well-marbled Hobo.

Otherwise, no deal.

Negropolis March 18, 2011 at 9:41 pm

Before they harvest the hobos, they get them into shelters to fatten them up a bit so that they can be well-marbled when led to the slaughter.

Hera Sent Me March 18, 2011 at 11:43 am

Hey, speak for yourself. I live in Texas, where Rick Perry would rather go in public unarmed than raise taxes.

We're going to keep taxes the same by using a tactic from the Vietnam War on our state government – destroy it in order to save it.

It worked before.

Lascauxcaveman March 18, 2011 at 11:44 am

And that onion we used to wear on our belt.

Jim89048 March 18, 2011 at 1:43 pm

Used to wear?

Barbara_i March 18, 2011 at 11:44 am

No snark intended. I went to the grocery store last week and a head of lettuce was $3.00 and so was celery. I spent the money I was going to spend on veggies and I bought seeds for tomatoes, peppers, peas, etc. and they are sprouting in my breakfast nook. I am NOT going to pay high prices for vegetables. I'd rather fire up the AeroGarden and get my hands dirty. Home Depot, Lowes and K-Mart have their veggie plants out and it's time to get planting.

The local Sunflower farmer's market has decent prices, but one of their employees got caught serving a lady a yogurt sample that he jerked off into and the CEO was arrested for child prostitution.

freakishlywrong March 18, 2011 at 11:49 am

Wait. What? (the fuck)? I loved your story until the end. (I bet they are both Retardlicans).

LocalGirlMakesGoo March 18, 2011 at 11:53 am

Is there some link between organic foods and Bad Touch? One of the cashiers at my co-op got arrested for doing sexy-time with the Thai boy he "adopted."

Lascauxcaveman March 18, 2011 at 11:57 am

Big ups on your Victory Garden. What's for dinner? (three months from now)

Barbara_i March 18, 2011 at 12:11 pm

I have no idea. I am still working on it and doing research on how to do this. I am going to Lowe's tonight to get more plants and stuff. I took a picture of it. http://i55.tinypic.com/2j8xsz.jpg

widestanceroman March 18, 2011 at 12:22 pm

Tip: even if your nook (heh, heh) is sunny all day, a simple 2-tube shop light will usually give you sturdier, less leggy seedlings. A couple of cloudy days can make the seedlings stretch sadly for light.

Barbara_i March 18, 2011 at 12:29 pm

Thanks for the tip. Growing isn't always easy in the desert here. Cooking is another challenge at high altitude.
I got the lemon tree to ward off scurvy.

donner_froh March 18, 2011 at 1:36 pm

Love the valences.

weejee March 18, 2011 at 12:01 pm

Show me on this Pee Wee Herman doll where the broccolini touched you.

Barbara_i March 18, 2011 at 12:15 pm

Now I will have the Tequila! song in my head for the rest of the day, lol.

PsycWench March 18, 2011 at 12:49 pm

Good for you! Be sure to buy some green beans. They're super easy to grow, very prolific and they taste wonderful when they're fresh.

Barbara_i March 18, 2011 at 1:56 pm

Wow, I hadn't thought about that. I love green beans. (hugs)

PsycWench March 18, 2011 at 2:02 pm

Look for the French filet beans; they're the best and hard to find in stores.
(hugs)

Now, to keep this from turning into Good Housekeeping.com: Buttsecks.

Jukesgrrl March 18, 2011 at 5:07 pm

But please make it organic buttsecks.

And wash your trucknutz every once in awhile, citizens!

widestanceroman March 18, 2011 at 2:17 pm

Try the purple "green" beans, too ('Royal Burgundy' I think). Very easy to spot at harvest, just as delish, although the color will fade to green if cooked.

My apologies for gardening tips in the middle of an otherwise dismal post. Please resume all existential nausea at the sound of the tone.

Barbara_i March 18, 2011 at 2:49 pm

Thanks to both of you. (buttsecks) I can't wait to go to Lowe's tonight. Oh gosh, gotta get back on topic. Man, I have a coupon to the Antique Sexual Devices Emporium. Yeah, I am going to use me one of those.

Steverino247 March 18, 2011 at 2:57 pm

The local Sunflower farmer's market has decent prices, but one of their employees got caught serving a lady a yogurt sample that he jerked off into and the CEO was arrested for child prostitution.

In other words, just another day at the market…

memzilla March 18, 2011 at 11:45 am

"Americans will be paying more for unquantifiable services…"

Oh, I think we all know exactly who's getting "serviced."

It is time to eat the rich, with some hobo beans and a nice Chianti.

Jukesgrrl March 18, 2011 at 5:10 pm

I'd like a large portion of Goldman Sachs vice president, please. Preferably a young one.

RedneckMuslin March 18, 2011 at 11:45 am

CNBC reported this? Isn't that the station that has Larry Kudlow predictions? Isn't that the station that's always wrong on the economy? With that Kramer fella? This prediction must be wrong and everything will instead be roses! Yeah!

nounverb911 March 18, 2011 at 11:45 am

Time to "Eat the Rich"

Well I woke up this morning
On the wrong side of the bed
And how I got to thinkin'
About all those things you said
About ordinary people
And how they make you sick
And if callin' names kicks back on you
Then I hope this does the trick
Cause I'm a sick of your complainin'
About how many bills
And I'm sick of all your bitchin'
Bout your poodles and your pills
And I just can't see no humour
About your way of life
And I think I can do more for you
With this here fork and knife

Chorus:
Eat the Rich: there's only one thing they're good for
Eat the Rich: take one bite now – come back for more
Eat the Rich: I gotta get this off my chest
Eat the Rich: take one bite now, spit out the rest

CrankyLttlCamperette March 18, 2011 at 11:46 am

Wait, Hobo Soup is $35 for 12 cans?!
http://www.hobosoup.com/Order.html

For that price it better be made from real hoboes!

SayItWithWookies March 18, 2011 at 11:53 am

Ha — the can contains one stone. Just add water. Serves four.

freakishlywrong March 18, 2011 at 12:08 pm

Inflation! See!

crybabyboehner March 19, 2011 at 6:36 am

But it's Fit for a King! .

Boredw/Gravitas March 18, 2011 at 11:46 am

And the repugs continue to focus on deficit-reducing and job-creating bills, such as IRS abortion auditing, NPR and Planned Parenthood defunding, and healthcare dismantling. Live up to those campaign promises, guys!

nounverb911 March 18, 2011 at 11:46 am

Ah, the good old days!

hagajim March 18, 2011 at 11:47 am

The good news is that the Chateaubriand and caviar prices are stable so the kleptocrats can maintain their standard of living – on the rest of our backs.

Weenus299 March 18, 2011 at 11:47 am

When they came for the vegetables, I was OK with it because they are yucky so I said nothing. When they came for the iPads, I was OK with it because they are needless so I said nothing. When they came for the SUVs, I was OK with it because I drive a 15-year-old rattletrap Ranger so I said nothing. When they came for the pizza, I was OK with it because it's just bread and cheese so I said nothing.

When they came for me, I was OK with it because I had nothing anyway, and fuck. The end.

ttommyunger March 18, 2011 at 11:47 am

"You're young and you've got your health, what in the world do you want with a job?"

baconzgood March 18, 2011 at 11:48 am

"But I'd rather light a candle than curse your darkness"

ttommyunger March 18, 2011 at 11:59 am

“We released ourselves on our own recognizance.”

prommie March 18, 2011 at 11:47 am

And of course, food and gas prices are excluded from the calculation of the most widely used "inflation" index, because they are supposedly "volatile."

Its amazing how this all works out. The poor, who spend almost all of their income on food and gas, suffer vastly more pain from these price increases, which barely register to the rich, yet the whole thing is hidden, excluded from the publicly reported "inflation rate" and therefore is not factored into COLAs and employees looking for raises and etc. and stuff. I make a pretty fair penny, myself, and fucking food is outrageous and skyrocketing. Hello, "Utility Grade" beef. You'll do, for stew. And that australian beef apparently made from starving pygmy cattle.

Lascauxcaveman March 18, 2011 at 11:47 am

Despite all this, Americans will still manage to get fatter and fatter. And this, my friend, is what we mean by American Exceptionalism.

YOU-ESS-AAY!!! YOU-ESS-AAY!!! YOU-ESS-AAY!!!

harry_palmer March 18, 2011 at 11:48 am

When Obama got elected he could have been another Roosevelt. He seems to have decided he'd rather be another Hoover.

HistoriCat March 18, 2011 at 12:20 pm

I think he wants to be Ronald Fucking Reagan. Instead, he's headed to a strange mix of Gerald Ford and Jimmy Carter, with a dash of Bushness.

KenLayIsAlive March 20, 2011 at 11:49 pm

A dash of Bushness. Reminds me of the old truism: if you put a dash of wine in a barrel of shit, you have a barrel of shit, and if you put a dash of shit in a barrel of wine, you have a barrel of shit.

Gorillionaire March 18, 2011 at 12:34 pm

And our other choice was a man who wanted to be the elderly Tim Conway character from the Carol Burnett Show.

Native_of_SL_UT March 18, 2011 at 11:48 am

Fuck, I can't even afford to pay attention anymore.

comptoneffect March 18, 2011 at 11:48 am

You ate sand?

nounverb911 March 18, 2011 at 11:53 am

Did it taste like chicken?

Mumbletypeg March 18, 2011 at 11:54 am

We ate sand.

BTWBFDIMHO March 18, 2011 at 12:00 pm

A sandwich he probably meant.

GOPCrusher March 18, 2011 at 2:47 pm

Too weak from hunger to finish the word.

GuanoFaucet March 18, 2011 at 11:48 am

This is the perfect time to eliminate Social Security!

Weenus299 March 18, 2011 at 11:52 am

I had a brief one-sided explanation with a young democrat lawyer about this. It filled my heart with nothing when she said that old people just need to die and it takes care of itself.

Actually, that's when the one-sided explanation kicked in. Shit. I don't know where that came from. I'm not even a fuggin' economist.

calibrit March 18, 2011 at 12:03 pm

That was a Democrat lawyer? When did our tent get that big? Can there come a point where we have to say, Sorry, you ain't a Democrat, you're just a big fat jerk?

Lascauxcaveman March 18, 2011 at 12:07 pm

Technically, she's right. But I think it would be a good to have a contingency "plan B," in case all the old people don't die in the expedient time frame.

HistoriCat March 18, 2011 at 12:22 pm

Soylent Green.
A)The old people are dead
B) You have a cheap foodstuff for people to eat
C) Profit!

Steverino247 March 18, 2011 at 3:02 pm

Before the R's eliminate SS, they need to consider how many vets with PTSD (many with skills in handling weapons and explosives) are dependent on SS benefits due to their service in Iraq and Afghanistan. Big mistake to piss those guys off and they're already seriously disturbed. (Which is just really, really sad.)

KenLayIsAlive March 20, 2011 at 11:50 pm

When suicide is a retirement plan, the country is in bad shape.

loulouroo March 18, 2011 at 11:49 am

Eat the rich!

PublicLuxury March 18, 2011 at 11:49 am

A loaf of bread for a day's wages. OMG it is the apocalypse. Or is it the Rapture? Or is it End Times? Well, whatever. OMG! Panic. Run into the street naked. Just do it (trademark Swoosh)

Frost/Nixon/Robocop March 18, 2011 at 11:50 am

I'm confident this economic crisis will fade away when the Congressional Cafeteria's styrofoam cups arrive and NPR is driven from the airwaves.

ttommyunger March 18, 2011 at 11:51 am

The fabled researchers at CNBC must be mistaken. There has been no COLA increase in my ginormous pension check lo these last two years, therefore there can not have been any increase in the cost of living, ergo, and some such, as if, also……

GeneralTapioca March 18, 2011 at 11:51 am

You ingrates are damn lucky to get any trickle-down at all!

nounverb911 March 18, 2011 at 11:51 am

Poor House futures are on the rise!
Franchise opportunities are available now. Call 1-800-KOCHBRO.

comptoneffect March 18, 2011 at 11:52 am

Ken, I sense from what you wrote above that all this shitty economic news really bothers you. I recommend not reading the news for a day or two and instead, check out that Wonkette site because the people who comment there are fucking hilarious.

Ken Layne March 18, 2011 at 11:58 am

I plan to do a lot of this, once ol' Radioactive Jack comes back to work ….

Oblios_Cap March 18, 2011 at 11:53 am

I would pull myself up by my bootstraps, but I ate them. Tomorrow I'm going to make Rock Soup like the Chinese guy in "The Good Earth".

But god blessed us and made this the Greatest County in the World! Just ask us.

philpjfry March 18, 2011 at 11:55 am

I can see the future and we are all serfs. Working for the rich who pay starvation wages. At least they will encourage us to fuck so they can have more serfs. Welcome back to the dark ages. Maybe the plague will be next. But we are winning the future. Now I has a sad.

Steverino247 March 18, 2011 at 3:04 pm

With major cutbacks in government services (such as public health nurses, etc.), expect public health problems to explode. Plague IS next.

zhubajie March 18, 2011 at 8:40 pm

Along with malaria, yellow fever, cholera, typhus, typhoid….

GOPCrusher March 18, 2011 at 3:10 pm

And those of us that saw this coming back in 1982, long for the sweet peace that death will bring.

trampndirtdown March 19, 2011 at 1:33 am

That's the future huh? Way to catch up to real America.

SorosBot March 18, 2011 at 11:55 am

Hey, Boehner and the dipshit Governors are fulfilling their promise to finish Reagan's legacy in putting the final nail in the coffin of the American Dream.

fuflans March 18, 2011 at 11:56 am

this is good news for someone but i'm too depressed to think who.

KenLayIsAlive March 20, 2011 at 11:55 pm

Funeral home owners.

walstib March 18, 2011 at 11:56 am

"Quit yer bitchin' or its off to the camps fer ya."

Random Fat Near Deaf Radio Person

baconzgood March 18, 2011 at 11:58 am

I'm sure Boehner tax cuts will fix this. It IS called "voodoo economics" so it's like magic right?

KeepFnThatChicken March 18, 2011 at 11:59 am

So it is okay to finally spend all my yuan-dollars on that bender I've so deftly avoided all these years?

LabRodent March 18, 2011 at 12:03 pm

Lets not even talk about the price of coke, weed, meth and heroin. Have i said to much…please dont judge

Terry March 18, 2011 at 12:06 pm

According to the GOP, this is fine and dandy. Higher profit margins for the rich and fewer services mean the same rich people have less taxes. It's a win-win situation. Unless you aren't rich.

genxr March 18, 2011 at 5:08 pm

"unless you aren't rich" isn't a phrase that exists in the GOP vocabulary.

PopeyesPipe March 18, 2011 at 12:06 pm

It's like living in an episode of Max Hedroom, except with fewer neon parachute pants.

教授 Zoom March 18, 2011 at 12:14 pm

I always liked Blank Reg.

EatsBabyDingos March 18, 2011 at 12:12 pm

The New Paradigm:

Use Vaseline instead of jelly on your toast.
Use Target ads for toilet paper.
Crap on your neighbors yard (ok, that's just fun)
Dry your dog's poop and burn it in your coffee can firepit.
Eat raw garlic and kim chi; your personal funk will drown the need for deoderant/soap
Eat dandelions, chickweed, bracken ferns, ramps, and cardboard.
Fart in a mud puddle for a bubble bath.
Now that summer is coming, free "roadkill pizzas."
Pick you own corn (out of rich people's poop).
Rat fishing at your dumpster.
Die at sea to save on burial costs.

An_Outhouse March 18, 2011 at 12:20 pm

Why are people buying so many staples? I thought we were all paperless now.

genxr March 18, 2011 at 5:13 pm

I'm melting them down for the iodine content! That works, right?

HistoriCat March 18, 2011 at 12:25 pm

"so we've been selling every item for one dollar"

Gah – how can the Free Market do its job with this, this … Socialism!

glamourdammerung March 18, 2011 at 12:30 pm

That is a rather odd way of turning their cheek.

hagajim March 18, 2011 at 12:42 pm

Of course I'm fucking faking it…I'd be lucky to afford th Hobo soup…I didn't say I could afford the shit…just that Richie Rich and his douchey friends can.

OneDollarJuana March 18, 2011 at 12:46 pm

Alright, it's apropos of late-breaking news, it's time I resurrected my plan for our economic salvation.

1) Convert the economy to cash. Every transaction is required by law to be conducted with legal tender.
2) All nuclear waste is added to the ink and metal we use to print and mint our legal tender. The higher the denomination, the higher-level waste we put in it.
3) Every person, then will have to make a decision: get richer and get more radiation exposure or stay poorer and less exposed?

MiniMencken March 18, 2011 at 12:48 pm

Food prices! My God! Try feeding six polo ponies and a Ukrainian nanny on a single trust fund!

mumbly_[redacted] March 18, 2011 at 12:48 pm

To be fair, at least our elected officials have decided to stop pretending that they care about the unemployed or unpaid slave-interns, or even about making more unemployed in-between hurting the poor in other ways, like defunding major health-care providers for the uninsured.

Actually, I'm not sure how that makes anything better.

arihaya March 18, 2011 at 12:53 pm

the price for anus burger also increased dramatically

ulTIMum March 18, 2011 at 12:59 pm

Somebody calculate inflation for me. I paid $.29 for a gallon of petrol, and a quarter a loaf for Wonder bread, and I made $1.78 each and every hour down at the plant when I was young. I bought a brand new 1963 Plymouth Sport Fury for $2,800. My salary soon ballooned over two dollars, with the prices holding more or less steady .

How're we doing?

Oblios_Cap March 18, 2011 at 1:11 pm

The arguement goes: if we raise wages, input prices go up and everything costs more , c.p. That is true, as stated. The key is that c.p.; ceteris paribus; all things remain the same. if one were to raise workers' wages and lower the Executive Managers' pay to a more reasonable level, then we could all make more and not worry about inflation.

But it is pretty much trending in the opposite direction. Management makes much more, we make less, prices still go up.

That, children, is the Miracle Of Capitalism.

undeterredbyreality March 18, 2011 at 1:54 pm

I would imagine that Sport Fury is worth quite a bundle by now. Mint condition, of course, right?

ulTIMum March 18, 2011 at 2:14 pm

Ah, yes, I remember the day. I was married with small children and settling into that pattern and – I sold the Golden Commando Sport Fury to a buddy. It was a most reluctant step which I have ever regretted. You know how Dave had to dump Frank because he needed the pod arms to open the pod bay door in 2001? Particularly poignant scene for me. Sent from my iPhone

DahBoner March 18, 2011 at 3:13 pm

Yup, $1.78 and hour in 1963d is $12.87 an hour in 2011.

Unfortunately, the prices for gas, wheat (bread) are being manipulated on the derivatives market, no doubt, by the usual suspects (Goldman Sachs, Deuche Bank, Citibank, etc).

As far as your car is concerned, $2800 in 1963 is $20,250.50 in 2011.

Add on the price for the pollution equipment, fuel injection (higher mileage), safety (airbags & other improvements) and you might actually be paying LESS now or at least the same.

There are no futures/derivatives on autos, so the prices can be manipulated.

Conclusion:

Prices are being manipulated now to fool people that there is inflation.

There is deflation in housing prices, salaries, outsourcing, insourcing, and illegal immigrant labor.

It's deflation in the number of jobs (and salaries) that we should be worried about, not "inflation" in commodities, whose prices can be manipulated.

randcoolcatdaddy March 18, 2011 at 1:07 pm

Damn … knew I should have bought stock in those companies selling whiskey, porn and guns….

donner_froh March 18, 2011 at 1:23 pm

I thought they fixed that Consumer Price Index by excluding food and fuel since no one uses them anyway.

DahBoner March 18, 2011 at 3:29 pm

Although this article mentions the weather-related causes behind food prices increases (drought in Russia, flooding in Australia, increased demand for corn for ethanol), they go on to talk about all the funds you can buy that deliver "future-based exposure", ie. derivatives/sheer "naked" speculation(you don't own or want to take delivery of the underlying commodity):

Ag Price Speculation With ETFs, March 14, 2011
about: CORN, COW, DBA, MOO http://seekingalpha.com/article/258183-ag-price-s

MinAgain March 18, 2011 at 1:29 pm

Oh, well. I needed to drop a few pounds, anyway.

So, if I plant hobo soup next to the hobo beans in my garden, how often should I water them?

Walkinwiddaking March 19, 2011 at 5:42 pm

If you just stick to a diet of rock soup you won't have to worry about it.

DownFist Troll March 18, 2011 at 1:36 pm

Undeniable proof that capitalism is totally flawless both on paper and in practice and is thus the bestest system evor devised.

This truly is, the end of history. -Francis "Fuck you" Fukuyama.

MiniMencken March 18, 2011 at 1:40 pm

Do you take me for a Kazakh pastoral nomad? Or a Frenchman? Gentlemen never indulge in hippophagy. Now, as regards the Ukrainian nanny…

sportshort March 18, 2011 at 1:40 pm

"Then they had better die and decrease the surplus population…" –Scrooge

BarackMyWorld March 18, 2011 at 1:45 pm

INFLATION~!!!!

DahBoner March 18, 2011 at 2:54 pm

Has anyone priced a gay, French abortion lately?

Outrageous!

genxr March 18, 2011 at 5:16 pm

Even with my NPR member discount?

Troubledog March 18, 2011 at 3:04 pm

I might have to sell my diamond-encrusted codpiece, which is very dear to me.

KenLayIsAlive March 21, 2011 at 12:02 am

Some things value can't be counted in hobo beans sir. Keep the codpiece, and with it, your dignity.

GOPCrusher March 18, 2011 at 3:14 pm

They've been too busy pointing out that you don't see any looting in Japan because they don't allow brown people there.

pinkocommi March 18, 2011 at 4:02 pm

When I think about how bad things are going to get in the future, the shitty-ness that exists today doesn't seem so bad.

Walkinwiddaking March 18, 2011 at 4:11 pm

All this negative Nancy talk. I just read an article that stated a 600,000 increase in the number of U.S. millionaires.

"“The recovery is doing better in this population, probably better than for Main Street America,’’ said George Walper Jr., president of Spectrem."

So, you know, it's not all bad

Walkinwiddaking March 18, 2011 at 4:15 pm

Just mostly bad.

KenLayIsAlive March 21, 2011 at 12:03 am

That means it's 600,000 / 300,000,000 good.

NadePaulKuciGravMcKi March 18, 2011 at 4:29 pm

the gov said no inflation so
no COLA for social security

Hyperinflation Federal Reserve

Quite soon, the media and governments
will be discredited in spectacular fashion

ulTIMum March 18, 2011 at 5:17 pm

They base SS COLA on stuff olds might buy. Have you, for instance, compared the sticker of a 2009 Lamborghini 2000XLZ with the same model for 2011?

Same.

lochnessmonster March 18, 2011 at 5:17 pm

The problem is all the freaking speculation…stop screaming the sky is falling in the crowded theatre!

Jukesgrrl March 18, 2011 at 5:23 pm

You might be right but good luck selling that line at election time. The hordes in tattoos and tank-tops at my supermarket don't even know what Inflation is. They think he's a new character on Jersey Shore.

VinnyThePooh March 18, 2011 at 5:45 pm

Misery Accomplished.

Swampgas_Man March 18, 2011 at 6:41 pm

Mr. Tudball.

nedbeaumontjr March 18, 2011 at 7:42 pm

And keep your eyes peeled for rich beer heiresses you might be able to

eat.

Negropolis March 18, 2011 at 9:46 pm

But, not in the way that you'd think.

It's spring, and any fallen tree will provide a veritable smorgasbord of beetle grubs and termites.

FTW

May I add that you can also keenly follow squirrels to see where they bury their nuts, and then steal their food whilst they are out replenishing their stash?

Be forewarned, my squirrel brethren: All your nutz are belong to us.

GlowneyHouse March 18, 2011 at 8:34 pm

I'm afraid I'm gonna have to cut back on my Afghan War. I sure enjoyed it, made me feel real powerful. But entertainment is the first thing to go when your belt-tightenin'.

Negropolis March 18, 2011 at 9:39 pm

…and when there was no more sand, we ate Soylent Green. It's people, y'all!

Negropolis March 18, 2011 at 9:49 pm

I see why everyone was wanting us to go with whole, organic foods. We'll be going back to subsistence farming before you know it.

Zombie_Reagan March 18, 2011 at 10:54 pm

Welcome to your Randian utopia, TeaTards.

RociStone March 19, 2011 at 3:03 pm

and in spite of all this costing so much more, People on SSDI and SSA still get no COLA, thanks to the "magic" of government sponsored statistics. Is that Hobo Soup available by the case? Because if things carry on the way they are, the poorest Americans are going to need to get it by the case.

henrypuppyhead March 19, 2011 at 7:31 pm

I look forward to the rebirth of generic beer.

Negropolis March 19, 2011 at 10:47 pm

Mmmm…Crème de Hobo!

Lascauxcaveman March 18, 2011 at 1:49 pm

Get a shovel and put some of that backyard to use. Or just import some topsoil. Know anyone with a pickup truck? Haul some 2x10s while you're on the way back dirt store (whomever sells sand/gravel/topsoil by the cubic yard) and make some raised beds. That's the easiest way to do it.

Of course the hundred bucks you spend on all this could buy you a lot of veggies at the SuperMart.

教授 Zoom March 19, 2011 at 2:04 am

"Antique Sexual Devices"?

What, like … a man?

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