May 14, 2008

NOTHING COSTS MORE THAN IT USED TO:

Consumer prices rise smaller-than-expected 0.2% (Reuters, May 14, 2008)

So-called core prices, which exclude volatile food and energy, were up just 0.1%, half the increase analysts had forecast.

Posted by Orrin Judd at May 14, 2008 10:37 AM
Comments

"Core Prices" is a concept for morons.

"Other than the food you eat and the energy you need to heat your home and get to work, inflation isn't a problem."

Whether inflation is a problem or not is open to debate, as long as you make enough money not to feel any pain from $4.00 gas and rapidly rising food prices.

This is why the feminized suburban idiocracy is moving left, and taking the public with it.

When you are so rich that you could care less about $20,000 property tax bills, OF COURSE you will drink the "Core inflation" Kool-aid. I mean hey, $4.00 gas barely makes a dent in filling up the Escalade. It's barely had an impact on that $4.00 head of cauliflower either.

In other news, the Miss. seat went to a Democrat last night.

Come November, McCain will preside over a 40-60 nation. But my (and OJ's) neighbors will be well protected by investing in "carbon credits" and other financial instruments manufactured out of thin air.

And the working poor? They will massively expanded transfer payments signed into law by McCain.

Posted by: Bruno at May 14, 2008 11:36 AM

With Subway charging $5 for footlongs, Domino's charging $4 for each medium pizza, and Pizza Hut charging $5 for each pizza, I would certainly expect that core inflation is stagnant.

I just wish Cheesecake Factory would reduce their prices for cheesecake to, say, $3 per slice.

Posted by: Brad S at May 14, 2008 11:36 AM

I heard, though wouldn't know from personal experience, that the Steak Egg & Cheese Bagel at Mickey D's cost less last week than the week before....

Posted by: oj at May 14, 2008 2:25 PM

Core prices are where inflation would show up. It's the difference between economics and petulance.

Posted by: oj at May 14, 2008 2:26 PM

And crooks are stealing copper gutters off of houses and taking catalytic converters off of cars.

I just paid $50 for a patch on a tire (not that I would have had I known the price ahead of time).

I'll see any diabetes inducing junk food emporium you can name, and raise you something of value skyrocketing in price.

In fairness, of course, I do live in Chicago metropolitan area. I hear OR and NM are nicer places to live now that the young'un is out of High School.

Posted by: Bruno at May 14, 2008 7:52 PM

I just know the numbers must be wrong, he muttered....

Posted by: oj at May 14, 2008 8:26 PM

Bruno,

Even though I think very little of the GOP's chances this year, I can see your tire example (what, no Discount Tire in your Chicago 'burb?) and raise you the declining cost of providing valuable broadband to your home. Comcast, Verizon, and ATT (to name three) are more than willing to give you Phone/Cable/High-Speed Internet for as low as $99/month, at HSI speeds as high as 20Mbps! Not that I would know about such things, of course....

Posted by: Brad S at May 14, 2008 10:20 PM

Heck, you should have priced a new tire.

Posted by: oj at May 14, 2008 10:52 PM
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