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Post by jeffolie on Jul 13, 2012 9:00:56 GMT -6
"... Food prices will rise...Dust Bowl record heat "...record heat: Soybeans prices skyrocket, corn prices jumping...food riots will follow in countries importing too much which can not afford the price increases...US no longer reliable source as year after year prices rise from unfortunate weather such as floods, droughts, heat, derechos(land storms with winds as strong as hurricanes last week) China reached new deals in S. Am., Argentina, etc to start big new acreage for soybeans but on paper and deliveries are 2 different results. "...Food prices will rise...."in my jeffolie 2012 prediction for screwflation ================================= Torrid Heat: 4,500 Record Highs and Counting Jul 7, 2012 We're now approaching a two-week spell of record-smashing heat which first built in the Rockies and High Plains, then spread into the rest of the nation's heartland, then surged into the Southeast and parts of the Mid-Atlantic States. The number of record highs tied or broken across the nation is staggering. Below are the latest tallies over the past 30 days from NOAA's National Climatic Data Center: How significant is this heat, in historical context? We've had a potential new state record for South Carolina (113 at the Univ. of S.C. in Columbia and in Johnston) and a near-miss of the state record for Tennessee (Lewisburg reached 112 on July 2). Atlanta, Ga. has reached the "century mark" 4 times since June 29. It had been just under 5 years since they had last hit 100 degrees, and hadn't done so in the month of June since 1954! Friday, St. Louis tied July 1936 for the second longest streak of 100-plus degree days on record, with its 9th straight day. While the record of 13 straight days will not be eclipsed, the mere fact we're in the territory of the "Dust Bowl" speaks magnitudes! Chicago tied a record triple-digit streak of 3 days from Aug. 1947 and Jul. 1911 Friday. Parts of Chicagoland were as hot as 105 degrees Thursday! The Badger State also seared in heat not seen in decades Thursday. With a high of 104, Madison, Wisc. had its hottest day since July 10, 1976. Only a pair of "Dust Bowl" days (Jul. 13 & 14, 1936) were hotter there. Highs topped out at 106 degrees in Kenosha, Wautoma, and Middleton Thursday. The triple-digit heat just rolls on into the weekend in the Central Plains, Ohio Valley, and Mid-Atlantic States. But it's not just triple-digit heat, in some locations all-time record highs may be threatened Saturday, including... - Washington, D.C. (106 most recently on Jul. 20, 1930) - Pittsburgh (103 most recently on Jul. 16, 1988) - Louisville (107 most recently on Jul. 14, 1936) Only one other day since the "Dust Bowl" has Washington, D.C. seen a high of at least 105 degrees (Aug. 17, 1997). Triple-digit heat may spread as far north as New York City, as well. The National Weather Service in Pittsburgh noted that forecast temperatures a few thousand feet above the ground for Saturday were at levels never seen before at that location. The last 100-degree high in the "Steel City" was almost 17 years ago (July 15, 1995). Saturday could also see temperatures not seen since the "Dust Bowl" in Cincinnati. Only July days in 1936, 1934, or 1901 have seen highs reach 105 degrees in the "Queen City". www.weather.com/news/weather-forecast/record-heat-triple-digits===================================== jeffolie predicts…SCREWFLATION: everything the ‘average American family’ buys goes up in price and everything they own goes down in value. Taxes, fees, charges, special assessment districts from State, Local, etc governments will rise while services from them will decrease. Energy expenses for homes, cars, electricity will rise compounded by additional taxes and fees. Food prices will rise. Health care/insurance expenses will rise; College Tuition will rise; Mortgage/house payments will rise because interest rates will rise seasonally; Rents will rise. The ‘average American family’ wealth will decline. The ‘average American family’ wealth will decline for those still owning their homes because house prices will continue to decline. Food Stamp use will make new records. Read more: www.unlawflcombatnt.proboards.com/index.cgi?board=general&action=display&thread=10102#ixzz1zx8smXzaOften, year after year now I have pointed to the weather change from volcanos. Food prices rise in part because of the weather cycle. As volcanos impact changing amounts of CO2 and particulates from the eruptions spewing these into the higher levels of the atsmosphere, shifting the high/low pressure areas thus shifting the jets streams and consequently the weather patterns...too much rain in the wrong places causes historic floods while too little rain in the wrong places causes historic heat. This results in failed crops and higher food prices. "... 26 drought-stricken states, making it the largest natural disaster in America ever ... "This made "... Food prices will rise...."in my jeffolie 2012 prediction for screwflation trueRead more: www.unlawflcombatnt.proboards.com/index.cgi?board=general&action=modifypost&thread=10102&post=35854#ixzz20WmA6chf======================= The United States Department of Agriculture has declared natural disaster areas in more than 1,000 counties and 26 drought-stricken states, making it the largest natural disaster in America ever news.yahoo.com/photos/drought-strikes-26-states-slideshow/#crsl=%252Fphotos%252Fdrought-strikes-26-states-slideshow%252Fsteve-niedbalski-chops-down-his-drought-and-heat-stricken-corn-for-feed-wednesday-july-11-2012-in-photo-1342141077.html
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Post by jeffolie on Jul 28, 2012 10:16:40 GMT -6
My jeffolie Screwflation emphasizes the class differences because the govt numbers are bimodal where the upper 20% of incomes/wealth buys as much as the entire 60% lower income/wealth families. The most common American continues to be in a 'regular depression' even as the GDP with govt numbers shows tiny growth. The lowest Americans by income/wealth now has new records: 1. Food Stamps 2. Disability Disability remains an alternative to govt money from jobless benefits where some could actually work if they could find work ;however, they can not find work resulting in them accepting disability income from SSI or states funding. ========================================= jeffolie predicts…SCREWFLATION: everything the ‘average American family’ buys goes up in price and everything they own goes down in value. Taxes, fees, charges, special assessment districts from State, Local, etc governments will rise while services from them will decrease. Energy expenses for homes, cars, electricity will rise compounded by additional taxes and fees. Food prices will rise. Health care/insurance expenses will rise; College Tuition will rise; Mortgage/house payments will rise because interest rates will rise seasonally; Rents will rise. The ‘average American family’ wealth will decline. The ‘average American family’ wealth will decline for those still owning their homes because house prices will continue to decline. Food Stamp use will make new records. I prefer screwflation over stagflation because of the regressive impact on middle and lower class families' standard of living and that they have no investments that rise with inflation or money printing and in fact usually have their wealth tied up in declining or negative home equity while the upper 20% of earners usually have investments that will rise in 2012 outside of their home equity. ===================================================== 46.5 Million Americans, Record 22.3 Million US Households, On Foodstamps; 8,753,935 On Disability 07/27/2012 BLS Bureau of Labor Statistics Combined foodstamp and disability recipients: 55,250,723America's transition into a welfare state continues, as May saw a new all time high number of American households, 22.3 million to be exact, enter technical poverty and collect foodstamps. At the individual level, 46.5 million Americans lived off foodstamps, a 222,157 increase in the month, or nearly three times the number of people who found jobs in June according to the BLS. Next month this too will be a record, as it is currently just 17,367 before the previous all time high set in December of 2011. The good news, and we use the term loosely, is that the average benefit per household rose from all time lows of $275.82 to $276.76. Surely, the bottom is in and just like housing, there is on blue skies ahead. And before we go, here is the total number of Americans on disbility: 8,753,935. Combined foodstamp and disability recipients: 55,250,723www.zerohedge.com/news/465-million-americans-record-223-million-us-households-foodstamps
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Post by jeffolie on Aug 28, 2012 12:14:59 GMT -6
Food Stamps making new records, as predicted ===================== Food Stamp Usage up 64% in Last Four Years, Cost up 114% in Same Period; SNAP Charts, Facts and Figures Here are a couple of charts from Tim Wallace on the food stamp program, now called "SNAP" to remove the stigma. SNAP stands for Supplemental Nutrition Assistance Program. SNAP Participants SNAP Program Costs in Millions SNAP Facts and Figures •In the last four years the number of participants increased by 64.7% •In the last four years the program cost is up by 114.4% •Since 2000, the number of participants is up 170% •Since 2000, the program cost is up by 395% globaleconomicanalysis.blogspot.com/2012/08/food-stamp-usage-up-64-in-last-four.html
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Post by jeffolie on Sept 1, 2012 9:47:05 GMT -6
July World food +10% Food is a middle to lower class issue...a Type 2 Consumer issue Type 1 Consumers of the upper 20% of incomes/wealth spend a very small percentage of their income/wealth on buying stables such as food. Food prices are included in my jeffolie 2012 screwflation prediction along with stables such as electricity rates, gasoline, tuition, healthcare insurance premiums...aim to address the most common American. ========================= World food prices jumped 10 percent in July - World Bank World food prices jumped 10 percent in July as drought parched crop lands in the United States and Eastern Europe, the World Bank said in a statement urging governments to shore up programs that protect their most vulnerable populations. From June to July, corn and wheat prices rose by 25 percent each, soybean prices by 17 percent, and only rice prices went down, by 4 percent, the World Bank said on Thursday. Overall, the World Bank's Food Price Index, which tracks the price of internationally traded food commodities, was 6 percent higher than in July of last year, and 1 percent over the previous peak of February 2011. U.S. soybean futures hit a record high of $17.78 per bushel in trading on Thursday, while corn futures remained near the record of $8.49 set earlier this month. in.reuters.com/article/2012/08/30/worldbank-food-prices-idINL2E8JU7WS20120830
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Post by jeffolie on Sept 3, 2012 10:42:32 GMT -6
My jeffolie predictions of 2011 and 2012 both included correctly: jeffolie predicts…US STATES, CITIES, LOCAL AGENCIES CRISIS: major layoffs by the end of 2012, bills will not be paid, some bonds will default."... So far in 2012 - through July - state and local governments have lost 42,000 jobs ... " ============================= GDP and Employment drag from State and Local Governments 9/02/2012 Two of the key U.S. economic trends I expected this year were 1) a recovery in residential investment, and 2) that most of the drag from state and local governments would be over by mid-year 2012. Just eliminating the drag from state and local governments would help GDP and employment growth. I've written extensively about the housing recovery, and it is time to take another look at state and local government spending. In early August, the Rockefeller Institute of Government put out a report on state and local government revenue through Q1. From the press release: Overall state tax revenues are now above pre-recession levels, as well as above peak levels that came several months into the Great Recession. In the first quarter of 2012, total state tax revenues were 4.8 percent higher than during the same quarter of 2008. Starting at the end of 2008 and extending through 2009, states suffered five straight quarters of decline in tax revenues. They now have enjoyed nine consecutive periods of growth, and the second quarter of 2012 will likely extend the string to 10. Overall collections in 45 early-reporting states showed growth of 5.8 percent in the months of April and May of 2012 compared to the same months of 2011. After adjusting for inflation, however, state tax revenues are still 1.6 percent lower compared to the same quarter four years ago, in 2008. That is a little encouraging, but the news isn't as positive for local governments: While state tax revenues have been recovering, many localities face significant fiscal challenges, according to the report’s author, Senior Policy Analyst Lucy Dadayan. “The Great Recession led to a growing divergence between state and local government tax performance,” Dadayan said. “State tax revenues collapsed steeply from 2008 to 2010 while local tax revenues continued to grow. Such trends have reversed since 2010, and state tax revenues started trending upward while local tax revenues have been mostly heading downward. Fiscal pressures are continuously mounting for local governments, and depressed housing prices are now causing declines in local property taxes.” The problem is local governments are mostly funded by property taxes, and property taxes react slowly to falling house prices - and property taxes are still declining. From the report: Collections from local property taxes made up 81.6 percent of such receipts during the first quarter of 2012. Local property tax revenues showed a decline of 0.9 percent in nominal terms in the first quarter of 2012 compared to the same quarter of 2011. Moreover, local property taxes were 4.6 and 1.3 percent lower than during the same quarters of 2009 and 2010, respectively. This suggests some further local cutbacks, although I still expect the drag to be less than the last few years. Here is a graph showing the contribution to percent change in GDP for residential investment and state and local governments since 2005. The blue bars are for residential investment (RI), and RI was a significant drag on GDP for several years. Now RI has added to GDP growth for the last 5 quarters (through Q2 2012). However the drag from state and local governments is ongoing. State and local governments have been a drag on GDP for eleven consecutive quarters. Although not as large a negative as the worst of the housing bust (and much smaller spillover effects), this decline has been relentless and unprecedented. In real terms, state and local government spending is now back to Q4 2001 levels, even with a larger population. The next graph is for state and local government employment. So far in 2012 - through July - state and local governments have lost 42,000 jobs (7,000 jobs were lost in July). In the first seven months of 2011, state and local governments lost 205,000 payroll jobs - and 230,000 for the year. So the layoffs have slowed. This graph shows total state and government payroll employment since January 2007. State and local governments lost 129,000 jobs in 2009, 262,000 in 2010, and 230,000 in 2011. Note: Some of the stimulus spending from the American Recovery and Reinvestment Act probably kept state and local employment from declining faster in 2009. Note: Of course the Federal government is still losing workers (38,000 over the last 12 months and another 2,000 in July), but it looks like state and local government employment losses might be slowing - but the job losses haven't stopped yet - and with property tax revenue still falling, more local jobs will probably be lost. www.calculatedriskblog.com/2012/09/gdp-and-employment-drag-from-state-and.html
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Post by jeffolie on Oct 1, 2012 10:44:47 GMT -6
2012 jeffolie predicts true: EUROPEAN CRISIS: jobless high 'Misery' Index High "... Eurozone unemployment has hit a record high, ... Euro-Zone 'Misery' Has Never Been Higher ..." www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121001_misery.pngjeffolie predicts… EUROPEAN CRISIS: the financial crisis will increase ‘austerity’ as retirement ages extend, services are privatized from higher paying government salaries to lower paying private jobs, benefits reduced. Bailouts of European banks will shift low valued debt from the banks to the IMF, FED, ECB, China via ‘swaps’, bond sales, loans, etc. Average European families will have their version of screwflation because their incomes will decline and expenses increase from governments privatizing. =============================== European September Car Sales Datapoints 10/01/2012 Because the horse and buggy is the new normal car: FIAT ITALY NEW CAR SALES FALL 24% IN SEPT FRENCH CAR SALES FALL 18.3% IN SEPTEMBER, DOWN 13.9% THROUGH SEPTEMBER PORTUGUESE LIGHT VEHICLE SALES DROP 42% THROUGH SEPTEMBER This is what happens when you don't take advantage of US, Chinese, or for that matter Global channel stuffing. It is, for now, unclear if Mario Draghi's monetization of 1-4 cylinder Fiats is forbidden by Article 123. www.zerohedge.com/news/2012-10-01/european-september-car-sales-datapoints=============================== Eurozone unemployment hits record high and reveals two-speed EuropeEurozone unemployment has hit a record high, revealing further evidence of a two-speed Europe as increasing numbers of young people in Spain, Greece and Italy desperately seek work while Germany's jobless rate continues to fall. The eurozone unemployment rate was 11.4pc in August, up from 10.2pc last year. Data from the EU statistics agency Eurostat estimated that 25.5m men and women were out of work over the period, 18.2m of whom were in the eurozone. Compared with the previous month the number of unemployed people in the EU rose by 49,000 and in the eurozone by 34,000. The overall unemployment rate in Spain has reached 25.1pc, while the latest data from Greece for June shows a figure of 24.4pc. The outlook is far more optimistic in Germany, however, where just 5.5pc of people are out of work. The EU announced on Monday that it will reallocate an extra €2.7bn of structural funds to tackle youth unemployment, on top of the €7.3bn already identified. The reallocation is part of the EU's "Youth Opportunities Initiative" which saw pilot programmes set up in the eight EU member states with the highest levels of youth joblessness: Greece, Spain, Portugal, Italy, Lithuania, Slovakia, Ireland and Latvia. The EU claimed in May that the move would benefit at least 460,000 young people and 56,000 small businesses. More than half of those under 25 living in Spain are now unemployed, with a rate of 52.9pc in August. The latest figures from Greece again date back to June, but show that 55.4pc of young people were out of work. At the same time as the troubled eurozone states Greece and Spain are seeing youth unemployment rise, Germany has seen a fall from 8.5pc last year to 8.1pc in August. www.telegraph.co.uk/finance/economics/9578762/Eurozone-unemployment-hits-record-high-and-reveals-two-speed-Europe.html======================================== Euro-Zone 'Misery' Has Never Been Higher10/01/2012 While the 'Misery' Index in Iran reaches exceptional levels, and the US aggregate of inflation and unemployment peaked last October, Europe's misery has continued to rise in the face of an ever-easing ECB and political jawboning. As SocGen notes today, the UK's misery has turned back higher and the Euro-zone's Misery Index has never been higher. These misery indices clearly reflect deteriorating economic performances in the main G10 countries, with some unsurprisingly weaker performances in Spain and Greece, leading the eurozone index higher. Given recessionary situations expected in some eurozone countries next year, the misery index is unfortunately quite unlikely to edge south significantly. www.zerohedge.com/news/2012-10-01/euro-zone-misery-has-never-been-higher Via SocGen: Eurozone: a record misery index. The situation in the eurozone deteriorated further during the summer: the unemployment rate hit a record 11.4% in August, while inflation increased from 2.4% yoy to 2.6% yoy, pushing the eurozone misery index to a record high (14%). With an unfortunately dark employment outlook, the index is unlikely to reverse course sharply anytime soon. This will force the ECB to keep an ultra-accommodative stance for some time to come. US misery index: keep a close eye. The decrease (from 8.3% to 8.1%) in the unemployment rate in August was not enough to offset the increase (from 1.4% yoy to 1.7% yoy) in the inflation rate. As a result, the US misery index has increased slightly. Is it merely a passing cloud or the first sign of a more worrying storm? The September NFP report, to be released on Friday, will give us more of a clue. Although the US job situation is clearly less worrying than the eurozone’s, it remains a risk factor for the outlook for the US misery index, and could force the Fed to embark on QE 3.5 with Treasury purchases early next year. UK misery index edging north. Although we only know the July results for now, we also note the first signs of a deterioration in the UK misery index; based on both employment and inflation. This provides a quandary for the BoE; our economists expect it to increase its QE programme in November. Spain and Greece: converging misery indices. Spain’s misery index overtook even Greece’s in Q2, and is now about twice the eurozone’s (25.93 versus 13.7). With 24% unemployment rates in both countries, it is clear where the underperformance by both Spain and Greece comes from. Inflation is much more satisfactory, with 1.3% yoy in June in Spain and Greece versus 2.4% yoy in the eurozone. Unfortunately, looming austerity budgets in both countries next year will weigh on domestic demand and thus unemployment rates, leading to still elevated misery indices. www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121001_misery1.pngwww.zerohedge.com/news/2012-10-01/euro-zone-misery-has-never-been-higher
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Post by jeffolie on Oct 6, 2012 10:42:47 GMT -6
"Too Close To Call": O v R The historical corelations favor Obama. The recent, 1st Debate bounce by Romney would require [in my opinion] Romney to win the upcoming remaining 2 Debates to matter. I am switching my jeffolie prediction to "Too Close To Call" because Obama may yet handle whatever Oct Surprise that MIGHT happen very well thus regaining confidence and support from the voters. I continue my 2012 Jan 1st predictions except for the Presidential race: ======================================= Make your predictions for 2012. Here are mine: jeffolie predicts...Throw the bastards out of office gained ground against Establishment politicians in 2010, 2011 and will gain ground in 2012 . jeffolie predicts...This repeats my old assertions made prior to Obama winning the 2008 primaries that Obama and the Democrats will lose enough power to fail after the 2010 elections to get anything done, continued political and economic gridlock. jeffolie predicts...2010 food crisis that I made in 2008 will continues in 2012 for selective commodities such as grains with special attention to the seasonal trends for midyear tops from continuing weather issues. jeffolie predicts...stock market gains to mid year which is the traditional seasonal high hence the long standing cliche of 'sell in May and go away' with Ben of the Fed providing stimulus. jeffolie predicts...housing prices will continue going down because trends to rent continue. jeffolie predicts…SCREWFLATION: everything the ‘average American family’ buys goes up in price and everything they own goes down in value. Taxes, fees, charges, special assessment districts from State, Local, etc governments will rise while services from them will decrease. Energy expenses for homes, cars, electricity will rise compounded by additional taxes and fees. Food prices will rise. Health care/insurance expenses will rise; College Tuition will rise; Mortgage/house payments will rise because interest rates will rise seasonally; Rents will rise. The ‘average American family’ wealth will decline. The ‘average American family’ wealth will decline for those still owning their homes because house prices will continue to decline. Food Stamp use will make new records. I prefer screwflation over stagflation because of the regressive impact on middle and lower class families' standard of living and that they have no investments that rise with inflation or money printing and in fact usually have their wealth tied up in declining or negative home equity while the upper 20% of earners usually have investments that will rise in 2012 outside of their home equity. jeffolie predicts… EUROPEAN CRISIS: the financial crisis will increase ‘austerity’ as retirement ages extend, services are privatized from higher paying government salaries to lower paying private jobs, benefits reduced. Bailouts of European banks will shift low valued debt from the banks to the IMF, FED, ECB, China via ‘swaps’, bond sales, loans, etc. Average European families will have their version of screwflation because their incomes will decline and expenses increase from governments privatizing. jeffolie predicts…US STATES, CITIES, LOCAL AGENCIES CRISIS: major layoffs by the end of 2012, bills will not be paid, some bonds will default. jeffolie predicts…INTEREST RATES: higher through summer. Read more: www.unlawflcombatnt.proboards.com/index.cgi?board=general&action=display&thread=10102#ixzz28XPOPQJ7
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Post by jeffolie on Dec 11, 2012 10:26:53 GMT -6
One of my sadder predictions which came true was for record FOOD STAMPS. "... Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months ... " my jeffolie Jan 1st prdictions included: " ... Food Stamp use will make new records. ==================================== Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months 12/09/2012 And we thought last month's delayed foodstamp data was bad. The just reported foodstamp number for September was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a record 47.7 million Americans are now living in poverty at least according to the USDA. The monthly increase was the highest since May 2011, and with August's 421K new impoverished America, over 1 million Americans made the EBT card their new best friend. It is unclear just which atmospheric phenomenon will get the blame for this unprecedented surge in poverty, which comes at a time when the pre-election economic data euphoria was adamant that the US economy was on an escape velocity to utopia. Instead what we do know is that in August and September, over three times as many foodstamp recipients were add to the economy as jobs (324,000). We also know that with the imminent impact of Sandy, which will send foodstamp recipients soaring, it is now looking quite possible that the US may end 2012 with just over a mindboggling 50 million Americans living in absolute poverty and collecting the $134.29 average monthly benefit per person, instead of working. Welcome to the recovery indeed. Individual Americans on foodstamps: www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/12/Foodstamps%20Oct.jpgFoodstamps at the household level rose to a record 24 million: www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/12/Foodstamp%20Households%20Oct.jpgAggregating foodstamp, disability and nonfarm payrolls data shows that since the start of the Depression in December 2007, 21.8 million Americans have shifted more or less permanently to the entitlement line, even as the US still has to generate 4.4 million jobs just to break even. www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/12/Cumulative%20SNAP%20and%20Jobs_0.jpgAnd the same shown on a monthly basis: www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/12/Monthly%20SNAP%20and%20Jobs.jpgSource: SNAP www.fns.usda.gov/pd/34SNAPmonthly.htmwww.zerohedge.com/news/2012-12-09/foodstamps-soar-most-16-months-over-1-million-americans-enter-poverty-last-two-month================================== jeffolie predicts…SCREWFLATION: everything the ‘average American family’ buys goes up in price and everything they own goes down in value. Taxes, fees, charges, special assessment districts from State, Local, etc governments will rise while services from them will decrease. Energy expenses for homes, cars, electricity will rise compounded by additional taxes and fees. Food prices will rise. Health care/insurance expenses will rise; College Tuition will rise; Mortgage/house payments will rise because interest rates will rise seasonally; Rents will rise. The ‘average American family’ wealth will decline. The ‘average American family’ wealth will decline for those still owning their homes because house prices will continue to decline. Food Stamp use will make new records. I prefer screwflation over stagflation because of the regressive impact on middle and lower class families' standard of living and that they have no investments that rise with inflation or money printing and in fact usually have their wealth tied up in declining or negative home equity while the upper 20% of earners usually have investments that will rise in 2012 outside of their home equity. Read more: www.unlawflcombatnt.proboards.com/index.cgi?action=display&board=general&thread=10102&page=2#ixzz2ElLzbqTC
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