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2014-10-23 Economy
$4.10 Per Pound: Ground Beef Price Climbs to Another Record High
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Posted by Fred 2014-10-23 00:00|| || Front Page|| [11129 views ]  Top

#1 Closer to $7 here for Angus.
Posted by Skidmark 2014-10-23 00:08||   2014-10-23 00:08|| Front Page Top

#2 "Peak Beef/Cow"???

Proving once again that the OWG Global Consensus is that there is no OWG Global Consensus is the true danger from GWCC, including "Peak Resources/Everything".

D *** NG IT, MORIARITY, YA SEE WHAT HAPPENS WHEN YOU STOP EATING AT MCDONALD'S - ALL HELL BREAKS LOOSE, DATS WHAT HAPPENED!
Posted by JosephMendiola 2014-10-23 01:15||   2014-10-23 01:15|| Front Page Top

#3 
Posted by Big Thromoth3646 2014-10-23 07:21||   2014-10-23 07:21|| Front Page Top

#4 Inflation is low, as long as you eat hedonically adjusted flatscreen TVs
Posted by Bright Pebbles 2014-10-23 07:38||   2014-10-23 07:38|| Front Page Top

#5 Throm, try 'feed prices are so damn high because all the surplus corn is being made into methanol'.
Posted by ed in texas 2014-10-23 07:46||   2014-10-23 07:46|| Front Page Top

#6 I think the most pernicious, slow change in government has been the corruption of statistics on the economy.

They've always been fudged some but they have reached a level now where there is no relationship whatsoever between the reality of the common citizen and the picture they paint.
Posted by AlanC 2014-10-23 07:48||   2014-10-23 07:48|| Front Page Top

#7 Oh come on now
Shadow stats uses the old measure and the government use their new shiny measure of inflation and they only differ by 9%
Shadow stats says inflation is 10% and the government say it's 1%.
Posted by Bright Pebbles 2014-10-23 07:54||   2014-10-23 07:54|| Front Page Top

#8 its not just flat screens that have lower prices this year than last

- gasoline is much cheaper than last year at this time
- bread and cookies are also slightly less this year than last

for future ref the BLS tables for grocery items in the nation and in the mid west
Posted by lord garth 2014-10-23 08:21||   2014-10-23 08:21|| Front Page Top

#9 Let the people live on kale smoothies.
Posted by Anguper Hupomosing9418  2014-10-23 11:13||   2014-10-23 11:13|| Front Page Top

#10 I suggest that a better measure of inflation is '(gov't spending - gov't revenue)/GDP'
Posted by Glenmore 2014-10-23 11:20||   2014-10-23 11:20|| Front Page Top

#11 delta(cost of average house - average cost to build house).
Posted by Bright Pebbles 2014-10-23 11:29||   2014-10-23 11:29|| Front Page Top

#12  Price has very little to due with cost, especially in housing.
Experts say that, corrected for inflation, prices are rock steady, have never changed, not a bit.
Posted by Anguper Hupomosing9418  2014-10-23 11:57||   2014-10-23 11:57|| Front Page Top

#13 Then the "experts" can pay my grocery bills, AH. :-(
Posted by Barbara 2014-10-23 12:23||   2014-10-23 12:23|| Front Page Top

#14 "Experts say that, corrected for inflation, prices are rock steady, have never changed, not a bit."

Can't be right. At the outset it fails to account for changes in consumer preferences.
Posted by Iblis 2014-10-23 12:28||   2014-10-23 12:28|| Front Page Top

#15 I have a scheme to feed people and get rich. I want to build a facility to make pot-laced snack cakes. I'll call them "Little Doobies". People won't be able to stop eating them.
Posted by Deacon Blues 2014-10-23 12:37||   2014-10-23 12:37|| Front Page Top

#16 Michelle lets you eat beef?
Posted by g(r)omgoru 2014-10-23 13:32||   2014-10-23 13:32|| Front Page Top

#17 even the goldfish crackers are smaller now. You cannot hide inflation.
Posted by newc 2014-10-23 13:34||   2014-10-23 13:34|| Front Page Top

#18 this is supply and demand. We still don't have the herd numbers we had before the drought. It will take two more seasons before enough calves are in the pipeline to get back to the pre drought numbers. Anyway, that the way it is here in southwest Kansas.
Posted by bman 2014-10-23 15:57||   2014-10-23 15:57|| Front Page Top

#19 I thought the drought (caused by AGW doncha know) was a contributing factor to higher beef prices?

Daughter-in-law's family says the north Texas drought has hit them hard...
Posted by Bobby 2014-10-23 15:58||   2014-10-23 15:58|| Front Page Top

#20 
Posted by Besoeker 2014-10-23 16:01||   2014-10-23 16:01|| Front Page Top

#21 Moose---It's what's for dinner.
Posted by Alaska Paul 2014-10-23 18:35||   2014-10-23 18:35|| Front Page Top

#22 Time to feed welfare people soylent democrat.
Posted by Silentbrick 2014-10-23 18:43||   2014-10-23 18:43|| Front Page Top

23:39 James
22:51 anon1
21:49 SteveS
21:34 Mystic
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20:24 Incredulous
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20:00 Bright Pebbles
19:23 Procopius2k
19:11 Alaska Paul
19:09 Alaska Paul
18:47 Remoteman
18:43 Silentbrick
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18:35 NoMOreBS
18:32 lord garth
18:28 lord garth
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