Blah, blah, blah

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Up, Up, and Away!

The big talk these days is when, not if, the price of gas will hit $5 per gallon. Take a quick look at the financial report this morning and you will see that the big 5 is probably not that far off.Yikes.

Next to the price of gas going up, the next biggest type of commodity that could cost all of us way too much money is food. And the price of food is going the same direction as the price of gas. Nowhere but up.

At the rate that both food and gas are increasing in value, or perceived value if you will, the 5 dollar gas may really get to us, but can you imagine if the price of corn hits...

One dollar per cob?

One dollar for a corn cob. How about a buck for a cucumber or a squash. I went to the store over the weekend and found that at the current ask price, tomatoes are about 50 cents each. Apples are about the same.

One dollar corn will be here before we know it.

Comment balloon 4 commentsKevin Robinson • April 19 2011 11:12AM

Comments

Yes, it is very hard these days to find encouraging things to say about the direction the economy is heading in.  And what are our politicians doing about it but blaming each other and the administration keeps printing more paper money.  Yikes indeed.

Sue of Robin and Sue

Posted by Robin Dampier REALTORĀ®, Hendersonville & Western NC Real Estate Source (Coldwell Banker King) over 7 years ago

Inflation will definitely impact our future lifestyles.

Posted by Sharon Parisi, Dallas Homes (United Real Estate Dallas ) over 7 years ago

Had it been George Bush in the White House today, the press would be rioting every night.  Obama is awesome.

Posted by Yolanda Hoversten, Broker - O Fallon, IL Real Estate (Berkshire Hathaway HomeServices Elite Properties) over 7 years ago

Ummm corn & cucumbers are already close to a dollar here in Texas.  Tomatoes are $1.49 per pound.  Thank God I'm still allowed to grow my own veggies in my garden.

Gas is $4.62 today in Hawaii and $3.62 in TX as of today.  My client relocating from the big island is so excited about that.

You are correct, prices will continue to climb.

America's debt is no longer rated Stable by S & P and has been downgraded to Negative.

WE NEED TO GET THIS COUNTRY TURNED AROUND NOW!

Posted by Melissa Anderson (Mortgage of Texas & Financial) over 7 years ago

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