Comments on: We Pity the Fool Who Gets Elected Today http://www.dailyreckoning.com.au/we-pity-the-fool-who-gets-elected-today/2008/11/05/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 By: ralph hill http://www.dailyreckoning.com.au/we-pity-the-fool-who-gets-elected-today/2008/11/05/comment-page-1/#comment-50512 ralph hill Wed, 05 Nov 2008 18:55:25 +0000 http://www.dailyreckoning.com.au/?p=4285#comment-50512 "But that day is somewhere in the future..." Whoa, the future is now. Here, in the NorthEasth of Dumb'Merica, the first signs of hyperinflation are just starting. Folk are crying about their food bills, but only in private. Larger companies are 'consolidating' their product line and cutting down on the number of offerings as well as jacking up prices and instituting delivery charges (to retailers). Seems most of if not all of the small manufacturers are either shutting down or just plain going out of business. This is the industrial heartland. It's not stuff that shows up in macro figures and FED press releases. It's just the 3rd world spreading to the middle class... it isn't pretty. "But that day is somewhere in the future..."

Whoa, the future is now. Here, in the NorthEasth of Dumb'Merica, the first signs of hyperinflation are just starting. Folk are crying about their food bills, but only in private. Larger companies are 'consolidating' their product line and cutting down on the number of offerings as well as jacking up prices and instituting delivery charges (to retailers). Seems most of if not all of the small manufacturers are either shutting down or just plain going out of business.

This is the industrial heartland. It's not stuff that shows up in macro figures and FED press releases. It's just the 3rd world spreading to the middle class... it isn't pretty.

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