Comments on: Fourth Quarter GDP – Recession?

By: Jamey

Jamey — Thu, 27 Mar 2008 16:54:42 +0000

Good thing they’re cooking them, since they soon may be all we can afford to eat.

By: Mikeinwaiting

Mikeinwaiting — Thu, 27 Mar 2008 12:27:30 +0000

Not to worry the fed has inflation in hand.
Talk about cooking the books.

By: RentininNJ

RentininNJ — Thu, 27 Mar 2008 12:14:55 +0000

I’ve been in 2 places last week (pizza place & bagel place) with signs in the window about price increases

By: Mikeinwaiting

Mikeinwaiting — Thu, 27 Mar 2008 10:55:34 +0000

bairen have family in pizza business they are getting killed on costs.

By: bairen

bairen — Thu, 27 Mar 2008 10:39:46 +0000

I know we’re cutting back on our discretionary spending. Most people at my job are cutting back to the price of gas, utilities, and food increases.

I have a menu from last year for my local Chinese restaurant. The lunch specials are up about 8% YOY. The pizza place next door has signs in the window and above the counter saying they have to raise prices to maintain their quality (it is good) due to the rapid increase in prices for their ingredients. I’ve never seen something like that before.

Good thing our gov tells us inflation doesn’t exist or i would be concerned.

By: Mikeinwaiting

Mikeinwaiting — Thu, 27 Mar 2008 10:23:24 +0000

http://seekingalpha.com/article/70117-updated-january-08-case-shiller-housing-data

Check out this link graphs on Shiller from Jan. year over year.Looks a lot worse with the visual than just reading the numbers.