Squilliam said:
ssj12 said:
Squilliam said:
ssj12 said:
Since Kasz has taken care of the rest, I do want to point out 99.9% of US economists are idiots who are thinking the quantitative easing is going to save our economy while all it has done since the first 2 trillion dollar dump was devalue the dollar to very low levels and has made prices on everything, oil, milk, bread, etc, skyrocket. If these are the economists you trust and believe in, I fully understand why you can't wrap your head around this.
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You work at Walmart don't you?
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Not anymore, haven't in a year. But I do know the prices and the general fact that when oil prices goes up, everything do to compensate. And if the prices don't go up, the quantity within the product declines.
The devaluing of the dollar doesn't effect a general grocery store that handled domestic product, rather any parts of it that handled international products or handle their own supply chain. Delivery and cargo does cost a pretty penny when fuel costs rise up to and over 100%. That is where your cost is with certain products.
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How can the devalued dollar not effect the general grocery store? If the value of the U.S. dollar goes down then the cost of oil in U.S. dollars will increase. Grocery stores have a lot of products which have a high oil loading, I.E. their production costs are heavily dependant on the oil or equivalent energy used to produce them.
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i edited that post, pointing out oil in plastics effect cost of products. But, the increased costs are typically transferred to the customer or the producing company. Traditionally a grocery store only feels shipping costs or decreased demand for certain products. That is typically when producers package smaller amounts to stabilize prices to what people will pay. Only the staples like milk and bread tend to gain higher prices without much lose in demand.
