Posts Tagged ‘inflation’

Vancouver Gas Price to Crude Oil Ration - 2 Year Chart

My 2-Bits: Up until a year ago, Vancouver’s gas price and crude oil tracked pretty closely … check where it’s at now. Something’s gotta give: either the pump price is going up or the barrel price is going down. (My gut says the former. Does anything go down these days?)

P.S. The six-year chart looks even worse: $3.00/liter+ 😦

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” The New York Times’ consumer reporter, W.P. Dunleavy, wrote on May 3 that his own groceries now cost $587 a month, up from $400 a year earlier. That’s a 40 percent increase. … Oil is up over 80 percent in the last twelve months. … Therein lies the danger. If the current inflation rate is really 6-9 percent instead of the 2-3 percent claimed by government … would identify an economy that was deteriorating and shrinking, not growing. “
My 2-Bits: Personally I think John Williams over at ShadowStats.com is the closest to reality at 10%+. BTW, blatant government lies about critical economic statistics as one of the warning signs of hyperinflation.
” To understand what’s ahead, you have to look past the current economic environment into 2009 and 2010. Two themes to think about: rising inflation – we’re talking serious inflation here – and rising interest rates. “
” While the bank will not say this, we continue to believe that it seeks to cheapen the loonie against the U.S. dollar,” Carl Weinberg, economist and head of High Frequency Economics, said in an analysis. “This requires aggressive rate cuts to catch up with the Fed.”
” Questioned about a possible rise which would go to $200, the minister did not rule out this eventuality, explaining that this rise is indexed from now on to the fall in the dollar or to the rise in the dollar… “
” Lee is especially critical of governments for altering the world food supply by investing heavily in the production of corn-based biofuels, including biodiesel and ethanol. …
“It’s got to go down as one of the dumbest decisions ever,” Lee says of creating biofuels from agricultural products that have traditionally been part of the food chain. … The Harper Conservatives have committed $2.2 billion over nine years to developing Canada’s biofuels industry. The United States is spending billions more. “
” I don’t want to alarm anybody, but maybe it’s time for Americans to start stockpiling food. No, this is not a drill. … Stocking up on food may not replace your long-term investments, but it may make a sensible home for some of your shorter-term cash. Do the math. If you keep your standby cash in a money-market fund you’ll be lucky to get a 2.5% interest rate. Even the best one-year certificate of deposit you can find is only going to pay you about 4.1%, according to Bankrate.com. And those yields are before tax. … Meanwhile the most recent government data shows food inflation for the average American household is now running at 4.5% a year. “