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View Full Version : Yahoo: Federal Reserve Move Ignores the Inevitable




TheState
12-18-2010, 12:28 PM
A surprisingly good article (http://news.yahoo.com/s/ac/20101217/bs_ac/7417702_first_person_federal_reserve_move_ignores_ the_inevitable;_ylt=AleV5M_A77e1yAk5l_hMVaus0NUE;_ ylu=X3oDMTU0bDl1bjQ3BGFzc2V0A2FjLzIwMTAxMjE3Lzc0MT c3MDJfZmlyc3RfcGVyc29uX2ZlZGVyYWxfcmVzZXJ2ZV9tb3Zl X2lnbm9yZXNfdGhlX2luZXZpdGFibGUEY2NvZGUDbW9zdHBvcH VsYXIEY3BvcwM2BHBvcwMzBHB0A2hvbWVfY29rZQRzZWMDeW5f aGVhZGxpbmVfbGlzdARzbGsDZmlyc3RwZXJzb25m) about the Fed on the front page of news.yahoo.com

some highlights,

By my family estimates, our food costs have increased at least 35 percent in the last two years. That's after taking into account the fact that we are eating healthier. I'm not talking about the increased cost of buying leaner meats or more fresh fruits. I'm talking about the cost of staples, those basics that virtually every person needs. Rice, flour, milk, eggs, and most definitely meat are considerably more than a year ago. Last week, eggs were $1.68 a dozen. Just a year ago, they were less than $1.

Most people might not put the two things together -- lower interest paid on my savings and higher costs for virtually everything I buy, but I have had enough economics training to understand that what it means is a loss of purchasing power. On the same amount of money, I live less well now than I did a year or two years ago.

sailingaway
12-18-2010, 12:32 PM
good article.

FSP-Rebel
12-18-2010, 02:03 PM
Yahooooooooooo