What About Food Inflation, Bernanke?

[B]ut while the Fed moves on with its bond bonanza assuming rapidly rising prices won't be a problem, or at least not any time soon, it will be hard to convince shoppers at the grocery aisle.
Producer food prices are up 2.6% from a year earlier, compared with an annual gain of just 1.5% for all goods. In particular, chicken prices have surged 14.3% during the last year and wholesale beef and veal prices rose 8.2% in November, the biggest monthly gain since 2008.
For months, the US Department of Agriculture has warned about higher food prices. Next year, U.S. consumers may pay 3% to 4% more for food, the agency forecasts. The price of beef may rise as much as 5% amid tighter supplies of corn, which is used to feed cattle. Since June, the price of grain, the country's biggest crop, rose by more than 50%.
What About Food Inflation Bernanke?

[T]he study showed British families are buying up to 20 percent less fruit and vegetables in order to cut costs since 2007, saying that households are buying less food but paying far more for it.


Re-Post from 11/02/10

Twas the night before QE2, when all through the house
Not a creature was stirring, not even a Wall St banker louse

The stockings were hung by the chimney with care
In hopes that Ben Shalom soon would be there

Blankfein and Dimon were nestled all snug in their beds
While visions of free money danced in their heads


first have to talk to his Probation officer about traveling out of state

not come down the chimney cuz' he aint trying to scuff his new J's.

have pitbulls pulling the sleigh instead of reindeer

Show up December 28th

wrap your presents up in aluminum foil

check to see if the police was in the neighborhood before he stopped at you house

fly with a suspended license

pick the lock instead of going down the chimney

give you food stamps instead of toys

give you the gift of life. His condom broke and he ain't paying no child support. Merry Christmas.                 

turn down the radio when he parallel park his sleigh"

Hashtag belongs to a black man. No racist intent.