ROACHBLOG

An Online Magazine

Monday, May 03, 2004
 
Inflation

[Link]
Warren Buffett (news - web sites), the world's second-wealthiest man, said some businesses in his Berkshire Hathaway Inc. holding company were starting to feel the pinch of inflation as energy and commodity prices rise.
As a chef who receives all his ingredients and products via truck... inflation is really here. Our wholesale prices aren't just creeping up. Several product lines have jumped 10% or more.

And guess what... we're passing these increases on. This isn't a temporary blip.

In the past, when gas prices spiked, there was reason to believe that price increases were temporary. Many of our wholesalers added "fuel surcharges" for the few months that gas prices were high. Only one purveyor is trying that this time. All the rest are simply raising prices.

So.... is this economy strong enough to handle a little inflation and rising interest rates? God, I hope so.

It's too bad that our fiscal and economic policies for the past 3 years have been so incompetent that we no longer have a safety valve. If the economy hiccups, we can't lower interest rates... or increase Federal spending... or temporarily slash taxes... or anything else that would traditionally spark the economy. The piggy bank is empty. Thanks George!

 
Shouting into the closet to inform and entertain the 10 people who actually read this thing. In our new format as an online magazine, we take pride in our reporting and opinions. Please leave reader feedback on our online magazine message board so that we can better serve you.

“There’s a lot of money to pay for this that doesn’t have to be U.S. taxpayer money, and it starts with the assets of the Iraqi people…and on a rough recollection, the oil revenues of that country could bring between $50 and $100 billion over the course of the next two or three years…We’re dealing with a country that can really finance its own reconstruction, and relatively soon.” -Paul Wolfowitz

Cost of the War in Iraq
(JavaScript Error)
To see more details, click here.

ROACHBLOG Home

Notable Posts:
Oh My Goodness!
Father Knows Best
43% Solution (National Guard)
Busting a Freeper


Image hosted by Photobucket.com

A Comment Brought To You By Mrs. 9Driver

Favorite Links
Bartcop
Buzzflash
Atrios
Crooks and Liars
Josh Marshall
Riverbend Blog
Back To Iraq
Kevin Drum
Eric Alterman
Joe Conason
Digby (Great Writer!)
Daily Howler
Matthew Yglesias
David Neiwert
The General JC Christian
David Brock

Email 9Driver
Email Def

Site Feed


Powered by Blogger

ARCHIVES
12/28/2003 - 01/04/2004 / 01/04/2004 - 01/11/2004 / 01/11/2004 - 01/18/2004 / 01/18/2004 - 01/25/2004 / 01/25/2004 - 02/01/2004 / 02/01/2004 - 02/08/2004 / 02/08/2004 - 02/15/2004 / 02/15/2004 - 02/22/2004 / 02/22/2004 - 02/29/2004 / 02/29/2004 - 03/07/2004 / 03/07/2004 - 03/14/2004 / 03/14/2004 - 03/21/2004 / 03/21/2004 - 03/28/2004 / 03/28/2004 - 04/04/2004 / 04/04/2004 - 04/11/2004 / 04/11/2004 - 04/18/2004 / 04/18/2004 - 04/25/2004 / 04/25/2004 - 05/02/2004 / 05/02/2004 - 05/09/2004 / 05/09/2004 - 05/16/2004 / 05/16/2004 - 05/23/2004 / 05/23/2004 - 05/30/2004 / 05/30/2004 - 06/06/2004 / 06/06/2004 - 06/13/2004 / 06/13/2004 - 06/20/2004 / 06/20/2004 - 06/27/2004 / 06/27/2004 - 07/04/2004 / 07/04/2004 - 07/11/2004 / 07/11/2004 - 07/18/2004 / 07/18/2004 - 07/25/2004 / 07/25/2004 - 08/01/2004 / 08/01/2004 - 08/08/2004 / 08/08/2004 - 08/15/2004 / 08/15/2004 - 08/22/2004 / 08/22/2004 - 08/29/2004 / 08/29/2004 - 09/05/2004 / 09/05/2004 - 09/12/2004 / 09/12/2004 - 09/19/2004 / 09/19/2004 - 09/26/2004 / 09/26/2004 - 10/03/2004 / 10/03/2004 - 10/10/2004 / 10/10/2004 - 10/17/2004 / 10/17/2004 - 10/24/2004 / 10/24/2004 - 10/31/2004 / 10/31/2004 - 11/07/2004 / 11/07/2004 - 11/14/2004 / 11/14/2004 - 11/21/2004 / 11/21/2004 - 11/28/2004 / 11/28/2004 - 12/05/2004 / 01/02/2005 - 01/09/2005 / 02/13/2005 - 02/20/2005 / 02/20/2005 - 02/27/2005 / 03/13/2005 - 03/20/2005 / 03/20/2005 - 03/27/2005 / 03/27/2005 - 04/03/2005 / 04/03/2005 - 04/10/2005 / 04/10/2005 - 04/17/2005 / 04/17/2005 - 04/24/2005 / 04/24/2005 - 05/01/2005 / 05/01/2005 - 05/08/2005 / 05/08/2005 - 05/15/2005 / 05/15/2005 - 05/22/2005 / 05/22/2005 - 05/29/2005 / 05/29/2005 - 06/05/2005 / 06/05/2005 - 06/12/2005 / 06/12/2005 - 06/19/2005 / 06/19/2005 - 06/26/2005 / 06/26/2005 - 07/03/2005 / 07/03/2005 - 07/10/2005 / 07/10/2005 - 07/17/2005 / 07/17/2005 - 07/24/2005 / 07/24/2005 - 07/31/2005 / 07/31/2005 - 08/07/2005 / 09/11/2005 - 09/18/2005 / 09/25/2005 - 10/02/2005 / 10/09/2005 - 10/16/2005 / 10/30/2005 - 11/06/2005 / 11/13/2005 - 11/20/2005 / 12/18/2005 - 12/25/2005 / 03/05/2006 - 03/12/2006 / 03/12/2006 - 03/19/2006 / 03/19/2006 - 03/26/2006 / 04/02/2006 - 04/09/2006 / 04/23/2006 - 04/30/2006 / 04/30/2006 - 05/07/2006 / 05/28/2006 - 06/04/2006 / 06/18/2006 - 06/25/2006 / 07/16/2006 - 07/23/2006 / 07/30/2006 - 08/06/2006 / 08/06/2006 - 08/13/2006 / 08/13/2006 - 08/20/2006 / 08/27/2006 - 09/03/2006 / 09/03/2006 - 09/10/2006 / 09/10/2006 - 09/17/2006 / 09/17/2006 - 09/24/2006 / 10/01/2006 - 10/08/2006 / 10/08/2006 - 10/15/2006 / 10/15/2006 - 10/22/2006 / 10/22/2006 - 10/29/2006 / 10/29/2006 - 11/05/2006 / 11/05/2006 - 11/12/2006 / 11/12/2006 - 11/19/2006 /