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(CNN)   Blame "Freak events" for many popular breakfast items like coffee, bacon and sugar taking a hit on your wallet   (money.cnn.com) divider line 26
    More: Asinine, lock-up period, Economic Research Service, J.M. Smucker  
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816 clicks; posted to Business » on 10 Jul 2014 at 1:37 AM (37 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



26 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-07-10 12:34:17 AM  
Blame the US government for the price of sugar
 
2014-07-10 02:38:21 AM  

ArkAngel: Blame the US government for the price of sugar


Cane? Beet? Corn?
 
2014-07-10 02:51:16 AM  
Press button, receive

Freak pig diarrhea

 
2014-07-10 03:06:49 AM  

doofusgumby: ArkAngel: Blame the US government for the price of sugar

Cane? Beet? Corn?


Yes (direct subsidy). Yes (direct subsidy). and Yes (ethanol/alternative fuels subsidy).
 
2014-07-10 05:03:12 AM  
I blame those nosy busybodies who have shoved their 'breakfast is the most important meal of the day' agenda down our throats for decades. Now look at what you've done!
 
2014-07-10 06:21:12 AM  
There was a time when things cost what they were worth. The trend for the last 20 years or so seems to be pricing reflected upon the absolute maximum the average consumer is willing to pay before doing without.
 
2014-07-10 06:42:44 AM  
Bacon has been rapidly increasing for awhile now, I had to give up my favorite brand because it just cost too much, and it's never on sale anymore
Also, I just recently noticed a large spike in breakfast sausage too
 
2014-07-10 06:51:36 AM  
/because printing money like crazy for years has zero impact on the price of goods.

s/o
 
2014-07-10 07:26:39 AM  
Freak events? Like: Gun shows? Comi-Con? Furry conventions? Games Workshop Game Day? Tell me!
 
2014-07-10 08:00:45 AM  

SauronWasFramed: /because printing money like crazy for years has zero impact on the price of goods.

s/o


Doctor RON PAUL, who is a doctor, has noted this on many occasions.  The good Doctor, who is a doctor, could save us by putting us back on the gold standard, but the douchebags at the Fed, none of whom are doctors by the way, won't let Dr. Ron Paul save America.  DOCTOR RON PAUL!
 
2014-07-10 08:11:59 AM  

Rapmaster2000: SauronWasFramed: /because printing money like crazy for years has zero impact on the price of goods.

s/o

Doctor RON PAUL, who is a doctor, has noted this on many occasions.  The good Doctor, who is a doctor, could save us by putting us back on the gold standard, but the douchebags at the Fed, none of whom are doctors by the way, won't let Dr. Ron Paul save America.  DOCTOR RON PAUL!


He has the cure for what ails America.
 
2014-07-10 08:15:05 AM  
Heh, diarrhea bacon.
 
2014-07-10 08:36:19 AM  
"A type of diarrhea killed a lot of pigs, driving up bacon costs, and a drought in Brazil pushed coffee prices higher."

Thanks, Obama.
 
2014-07-10 08:49:27 AM  

Delta1212: Rapmaster2000: SauronWasFramed: /because printing money like crazy for years has zero impact on the price of goods.

s/o

Doctor RON PAUL, who is a doctor, has noted this on many occasions.  The good Doctor, who is a doctor, could save us by putting us back on the gold standard, but the douchebags at the Fed, none of whom are doctors by the way, won't let Dr. Ron Paul save America.  DOCTOR RON PAUL!

He has the cure for what ails America.


So he's like Brawndo, but for...people? and stuff?
 
2014-07-10 09:39:39 AM  

zenferret: There was a time when things cost what they were worth. The trend for the last 20 years or so seems to be pricing reflected upon the absolute maximum the average consumer is willing to pay before doing without.


Agreed. I explain to my children the difference between products meant to accomplish something and product meant to separate people from their money.

Guess which they ask for more often?

I show them tools I for drom my grandfathers and explain actual prices of items (like, the car) to put things in perspective.

I don't buy many things I dont each. I reuse as much as possible (even got the whole house on the same rechargeable AA battery brand) and my wife is a better cook than most eat in out options. We spend a lot of time at home, not watching cable and not spending money.

Once I can grow my own (weed and food (lookin at a 13 acre compound in a couple years), I wont spend mothong but my mortgage each month, and that'll be double paid.
 
2014-07-10 09:51:06 AM  
zenferret: There was a time when things cost what they were worth. The trend for the last 20 years or so seems to be pricing reflected upon the absolute maximum the average consumer is willing to pay before doing without.I don't understand how prices are formed
 
2014-07-10 12:04:16 PM  

demaL-demaL-yeH: doofusgumby: ArkAngel: Blame the US government for the price of sugar

Cane? Beet? Corn?

Yes (direct subsidy). Yes (direct subsidy). and Yes (ethanol/alternative fuels subsidy).


Don't blame the subsidies. Blame the insanely high tariffs that keep foreign sugar off the markets and destroyed the American candy-making industry
 
2014-07-10 12:24:34 PM  

ArkAngel: demaL-demaL-yeH: doofusgumby: ArkAngel: Blame the US government for the price of sugar

Cane? Beet? Corn?

Yes (direct subsidy). Yes (direct subsidy). and Yes (ethanol/alternative fuels subsidy).

Don't blame the subsidies. Blame the insanely high tariffs that keep foreign sugar off the markets and destroyed the American candy-making industry


The US government has no tariff on imported sugar.

They use import quotas that reflect the amount of sugar consumed in the 1930's which is actually worse.

\Think smaller population, economy in depression, lower obesity rates.  That's what your sugar quota is based on.
 
2014-07-10 12:51:59 PM  

Target Builder: "A type of diarrhea killed a lot of pigs, driving up bacon costs, and a drought in Brazil pushed coffee prices higher."

Thanks, Obama.


Juan Valdez moved to Brazil??

Glad I drink Kona.
 
2014-07-10 01:02:19 PM  

Rapmaster2000: SauronWasFramed: /because printing money like crazy for years has zero impact on the price of goods.

s/o

Doctor RON PAUL, who is a doctor, has noted this on many occasions.  The good Doctor, who is a doctor, could save us by putting us back on the gold standard, but the douchebags at the Fed, none of whom are doctors by the way, won't let Dr. Ron Paul save America.  DOCTOR RON PAUL!


Yea because money printing, fiscal irresponsibility is the road to wealth. Inflation is great when wages keep up and they have not. I pods, TVs and cell phones are great but most people do not eat those items and resale of them is worse than owning gold. Those against sound money are at a loss to try and explain why the loss of purchasing power of money drives the economy.
 
2014-07-10 01:06:33 PM  

scandalrag: ArkAngel: demaL-demaL-yeH: doofusgumby: ArkAngel: Blame the US government for the price of sugar

Cane? Beet? Corn?

Yes (direct subsidy). Yes (direct subsidy). and Yes (ethanol/alternative fuels subsidy).

Don't blame the subsidies. Blame the insanely high tariffs that keep foreign sugar off the markets and destroyed the American candy-making industry

The US government has no tariff on imported sugar.

They use import quotas that reflect the amount of sugar consumed in the 1930's which is actually worse.

\Think smaller population, economy in depression, lower obesity rates.  That's what your sugar quota is based on.


http://www.ers.usda.gov/topics/crops/sugar-sweeteners/policy.aspx#su ga r

The in-quota tariff for sugar is equal to 0.625 cents per pound. Most countries have the low-tier tariff waived under either the Generalized System of Preferences the Caribbean Basin Initiative, or under U.S. free trade agreements. The over-quota tariff is 15.36 cents per pound for raw sugar and 16.21 cents per pound for refined sugar. In addition to the over-quota tariffs, there are safeguard duties based on the value or quantity of the imported sugar. Currently, these duties are based on value.
 
2014-07-10 02:30:43 PM  

pmdgrwr: Rapmaster2000: SauronWasFramed: /because printing money like crazy for years has zero impact on the price of goods.

s/o

Doctor RON PAUL, who is a doctor, has noted this on many occasions.  The good Doctor, who is a doctor, could save us by putting us back on the gold standard, but the douchebags at the Fed, none of whom are doctors by the way, won't let Dr. Ron Paul save America.  DOCTOR RON PAUL!

Yea because money printing, fiscal irresponsibility is the road to wealth. Inflation is great when wages keep up and they have not. I pods, TVs and cell phones are great but most people do not eat those items and resale of them is worse than owning gold. Those against sound money are at a loss to try and explain why the loss of purchasing power of money drives the economy.


We'll show 'em all one day, won't we, buddy.  They'll be sorry they never listened to the insight of Zerohedge.com, the accuracy of GlobalGeopolitics.com, and the wisdom of DOCTOR Ron Paul.  It will be too late for them though.

Any day now.
 
2014-07-10 05:00:19 PM  

MugzyBrown: zenferret: There was a time when things cost what they were worth. The trend for the last 20 years or so seems to be pricing reflected upon the absolute maximum the average consumer is willing to pay before doing without.I don't understand how prices are formed


And - of course - you are so brilliant that you feel no need to even explain yourself.
 
2014-07-10 05:20:27 PM  
The article mentions an increase in demand for milk in China, but what about the US? There's certainly been a huge increase in demand in the last 20 years from rapidly expanding coffee shop chains like Starbucks.
 
2014-07-10 05:58:19 PM  
photos.imageevent.com
 
2014-07-10 11:50:29 PM  

zenferret: There was a time when things cost what they were worth. The trend for the last 20 years or so seems to be pricing reflected upon the absolute maximum the average consumer is willing to pay before doing without.


What, exactly, is the difference between the most someone will pay and what a product is worth?

I'll ask it another way: Are you stupid? I'll assume no. OK. You know what a product is worth, right? Well, then, you won't pay more than that. You're not stupid, after all. So, if someone charges more than what a product is worth, you won't pay it. That's just being a smart consumer, which you clearly are. Wait, tell me again, what was the difference between the maximum you'll pay and what it's worth?
 
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