Carolyn and I ran some errands yesterday, and wound up at one of my favorite places in the world, the small lake behind Wilbur Dam on the Watauga river. We needed some together time, but it was short lived due to a work "crisis". I wish people would learn to think for themselves.
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Great news: Wholesale prices fell more than expected! Real news: Retail prices probably will not reflect much of the decrease. Wholesale prices are what the government uses to make its economic predictions, but like the government itself, they are unrealistic. In the real world, the money you and I have to spend for life's needs is the important equation. Cost of Living Adjustments (COLA) for the old and disabled are based on wholesale price indexes, not on what we have to pay as consumers, and as long as big business (and a lot of times, small businesses) are allowed to gouge people, there will be no relief for Joe and Jane Average.
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2 comments:
Wholesale prices need to fall a hell of a lot more before we see people start spending again. It has been my opinion that prices for everyday goods are getting way out of line for some time.
If they do not get corrected the recovery is not going to happen for a long time.
If we had a terrorist attack now the country would fall apart.
Seems like real change is not going to happen in DC. Too much loose money.
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