Parabolic Food Costs!
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Wow, parabolic food costs. You remember the song? I don’t even think that they sang. I think it was a voiceover. I think it was kind of a Milli Vanilli type of deal. CNC music factory. Everybody dance now. You know that song? Over three decades ago. Over three decades ago. The last time we the people spent this much, this much of our income.
on food, that song was rockin’. That was a big song over three decades ago. And again, jeez, you take a look at these numbers. Over 11%, almost 12 % of our disposable income on food.
That’s where we’re at right now. And again, you know, this is Wall Street Journal did a piece on it today. And I’m like, thank you, Master the obvious. I’ve been talking about this for some time, that the problem with food costs and everyday items is they’re sticky. I mean, they’re sticky. We know it’s very difficult to get these prices down. A lot of it has to do to government regulations, of course. Again, we’re told that it’s bad.
Profits and grea no, no, we have to get costs down for these businesses and there’s ways that we can do that, but we’re not. And this is the important inflation. This is the thing that all of these lefty economists out there just can’t seem to get their arms around, or maybe they can, but they just like lying to you. It’s all well and good. It’s all well and good that I can go down to, I can go to Walmart. They just bought Vizio, right?
I can buy myself a Vizio TV. Good size, couple hundred bucks. I can’t eat it. I can’t eat it. And how often do I need to go out and buy a television? Television here on my office. Say, what is it? Nice TV. Looks great. Sony Trinitron. When did I get that TV? I think it was 2008. Working!
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We’re gonna just fine. I have no need to replace it. But the things that we have to buy, the things that we’re spending money on every single day are crushing the American people. And this has been going on prior to when inflation has made the news. This has been going on for some time. This is something that we’ve warned people about. This is something that we’ve warned people that are getting close to retirement about. Something that you need to take into consideration.
You know, you take the inflation numbers that the government’s putting out and you can flush them down the toilet as far as I’m concerned. People who pay the bills in their house, they know. So again, I recommend people do this. I mean, you might not have to, but I mean, I use, I don’t get paid by this company. We use QuickBooks and I can go back and I can take a look at what I spent on car insurance five years ago, 10 years ago, and I record everything.
So I know. And again, anytime I, you know, I guess I want to become depressed, want to bring myself down from a high, I just go back to what I was spending on health insurance, car insurance, food and all of these things. Not too long ago, five, 10, 20 years down the road, everything has gone parabolic. Watchdogonwallstreet .com.
