IT'S TOUGHER THAN EVER TO EARN A BUCK AND TO KEEP YOUR JOB AND GET A JOB.
AND WHAT DO OBAMA AND BERNANKE DO?
MAKE EVERYTHING MORE EXPENSIVE.
- OIL IS UP.
- GASOLINE IS UP.
- FOOD PRICES ARE UP.
A sharp rise in gasoline costs drove up wholesale prices last month by the most in more than three years. Outside of energy and food, though, price gains were mild.
The producer price index, which measures price changes before they reach the consumer, jumped 1.7 percent in August, the Labor Department said Thursday. The increase was mostly because gas prices soared 13.6 percent, the biggest gain in three years.
Food prices rose 0.9 percent, driven up by steep increases in the cost of eggs and dairy products.
Excluding the volatile food and gas categories, core wholesale prices rose only 0.2 percent, below July’s increase."EXCLUDING GAS AND FOOD"!?!?
GREAT: EXCLUDING THE NECESSITIES THINGS AREN'T HORRIBLE... YET!
BUT THE STOCK MARKET - WITH THE LOWEST PARTICIPATION BY MIDDLE CLASS PEOPLE IN DECADES - IS GOING WAY WAY WAY UP.
WHILE THE DOLLAR IS DOWN.