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Saturday, 24 March 2012

What do I know?............from Rico

Well, what do I know anyway? What do any of us "muppets" know?

Sure, the third-largest food company in the US came out last Wednesday in a report to its investors saying that they were experiencing YOY double-digit inflation of 10-11%.

Surely our Government knows better than this when it tells us inflation is REALLY 1-2%.
- And, few of us have the Ivy League credentials from the Halls of Macadamia like Timmy and Benny do, so maybe this is somehow 'deflationary' too?

I think the Indian Chief parable about Government applies quite well here.
- Think about it next time you fill your shopping cart with groceries (unless you're using an EBT card at checkout).


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