It tastes even worse than like the usual shit, if that is possible:
"The scoop on rising food costs; Global economic factors driving prices of things we need — and love" by Megan Woolhouse, Globe Staff / June 19, 2011
CAMBRIDGE — Ice cream may be a deliciously simple combination of milk, butter, and sugar, but the true cost of an ice cream cone is no simple business calculation. [It] part of complex and increasingly interconnected world economy, one that links a dairy farm in the tiny Western Massachusetts town of Colrain to the sprawling neighborhoods of Beijing.
Good morning, readers, and so does the box.
The story of this scoop of ice cream, as it moves from raw materials to finished product, captures the myriad forces that are pushing food prices higher and putting pressure on beleaguered US consumers and a tentative economic recovery. Like other commodities, milk, sugar, and gasoline prices have soared because of rising demand, catastrophic weather, and political unrest.
A cyclone in Australia wiped out sugar beet crops. Uprisings in the Middle East have threatened to disrupt oil supplies. Growing demand for milk by Asia’s rising middle class affects the over-the-counter price of an ice cream cone....
Yeah, anything but Bernanke's printing press run amuck covering the MBS fraud perpetrated by banks.
Related:
"Economists warn against Fed action" June 14, 2011|By Paul Wiseman, Associated Press
WASHINGTON — The economists are lowering their forecasts for job creation and economic growth for the rest of this year, mainly because of high oil prices. A batch of bleak data over the past month has suggested that the two-year-old economic recovery is slowing....
What recovery?
When it buys bonds, the Fed in effect prints massive amounts of money. All that extra money in the system raises the nominal value of the things we buy, weakening the dollar, and it can create bubbles in the prices of stocks and commodities....
And who benefits off the bubbles, 'eh?
Who buys low and sells dear?
--more--"
What was that, a fart poot of truth from the AmeriKan media?
“In any economic chain, there are winners and losers,’’ said Ricky Volpe, economist at the Department of Agriculture. “But there’s no question that consumers are one of the losers. Specifically American consumers.’’
I was TOLD MY WHOLE LIFE we were ALL WINNERS in our economic system!
--more--"
Yeah, the Globe will make you scream all right.
Also see:
MOMENTUM BUILDS AGAINST FORECLOSURE FRAUD: Massachusetts Rejects Robo-Signed Documents As "Fraud Against Homeowners" - North Carolina Agrees
No Globe report?
Related: Slow Saturday Special: Massachusetts Court Rejects Foreclosure Fraud
Mass. housing recovery years off
Property values in Boston drop for 2d year
Mass. economic recovery shows weakness in May
Unhappy but gaining confidence, more workers seek new jobs
Sick of getting the business yet?
