Price inflation starts

The government reports unemployment is under 8% and there is not inflation (Social Security payments remain flat for the second year.)


A quick check in:

*According to the World Bank, the global price of food has risen 36% over the past 12 months.

*The commodity price of wheat has approximately doubled since last summer.

*The commodity price of corn has also about doubled since last summer.

*The commodity price of soybeans is up about 50% since last June.

*The commodity price of orange juice has doubled since 2009.

Think about these numbers! These are astronomical or, at least, they used to be in the "normal" times. We are just starting and you may not really notice what is going on.

Sooner or later, you will listen to me and buy a box of peanut butter. If you can, buy some extra gas and fill up your oil tank at the end of the season. I don't think the decrease in American demand will overcome the deterioration of the dollar.