1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Era of cheap food is over

Discussion in 'Economics and Financials' started by padre31, Jan 31, 2011.

  1. padre31

    padre31 Premium Member Luxury Box

    99,377
    37,301
    0
    Nov 22, 2007
    inching to 100k posts

    http://www.msnbc.msn.com/id/41311106/ns/business-retail/#

    Well, for those who do not recall the 70's, this means another plank of stagflation is moving into place, along with high fuel prices and raging unemployment families on the margins will be squeezed even harder as wages are not also growing.

    The plus side is the value of US grain exports will grow, but unless capacity to produce is increased domestic sources of meat and cheese will be have to raise prices to pay for the additional costs of feed for live stock.

    Now the historic oddity is, in the 70's home gardening exploded in popularity with more gardens being planted than at any time since WWII's "Victory Gardens".
     
    Eshlemon likes this.
  2. Eshlemon

    Eshlemon Well-Known Member

    When I was a little Esh we farmed at my grandparents 'farm' in the 70's...maybe an acre at most...canned vegetables, and stored potatoes, sweet potatoes, potatoes, and sweet potatoes, and more potatoes. I was one of the few kids that hated french fries for a long time.
     
  3. BigDogsHunt

    BigDogsHunt Enough talk...prove it!

    22,422
    9,819
    0
    Nov 27, 2007
    DC Metro Area
    Ahhhh, the 70's, Jimmy Carter part deux!!!!
     
  4. padre31

    padre31 Premium Member Luxury Box

    99,377
    37,301
    0
    Nov 22, 2007
    inching to 100k posts
    Mmm..potato pancakes again..yummy..:lol:

    Ugh, late 70's, lots of poorly cooked chicken and frozen veggies..gag!!!

    Well, to me this is sort of a slow motion event Esh, you can see it coming up ahead but just cannot stop the car in time to completely avoid the collusion.

    An overlooked aspect of this is with the huge food stamp enrollment, there will be a segment of the population who really will not feel the pinch of the price increases, the ones who will bare the brunt of the cost increases are those who are not on the dole.
     
    Eshlemon likes this.
  5. maynard

    maynard Who, whom?

    18,425
    6,346
    113
    Dec 5, 2007
    clearwater, fl
    the only reason why inflation is "low" is the housing tank. everything else has gone up and our government keeps telling us that inflation is low while everything around us skyrockets
     
  6. padre31

    padre31 Premium Member Luxury Box

    99,377
    37,301
    0
    Nov 22, 2007
    inching to 100k posts
    WEll not to turn into Granny, however even my ground turkey has almost doubled in price per pound and gas has went over 3.00 per gallon with the national average sitting at 3.10 atm.

    Americans are getting hammered with actual inflation, maybe enough so they finally learn the .Gov stats are nonsensical and should come with a pg rating.
     
  7. maynard

    maynard Who, whom?

    18,425
    6,346
    113
    Dec 5, 2007
    clearwater, fl
    i put this together for work...showing the % rise in various categories vs. last year

    [​IMG]

    you will see shelter in the negative. the bureau of labor weighs housing as 42% of the total index. thats the hidden rub. one might contend that our government is content to keep the housing market down. an upturn could mean massive inflation
     
    padre31 likes this.
  8. padre31

    padre31 Premium Member Luxury Box

    99,377
    37,301
    0
    Nov 22, 2007
    inching to 100k posts
    Exactly Maynard, I have been banging this drum for 2 yrs now, it should be quite apparent that the .Gov statistics concerning inflation are simply not reality.
     
    maynard likes this.
  9. 2socks

    2socks Rebuilding Since 1973

    8,141
    2,103
    113
    Nov 27, 2008
    Atlanta
     
  10. 2socks

    2socks Rebuilding Since 1973

    8,141
    2,103
    113
    Nov 27, 2008
    Atlanta
    there is also a article floating out there that says we will see another 3-5% increase in food again this year.
     

Share This Page