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I think this is the beginnings of an economy based on perpetual growth and fossil fuel energy running headlong into geological energy constraints. Basically I see an undulatory downward path for the rest of my life. From here out, I think any rallies in our economic condition are going to be met with spiking commodity prices that knock us right back down.

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Inflation gets right down to the real nitty-gritty
Business News; Market Research

As energy prices continue to rise, even dirt isn't cheap anymore

Dirt and its upmarket cousins offer a glimpse of how rising energy prices have caused inflation in the grittier corners of the consumer culture. Products that are cheap, heavy and bulky, such as bags of soil, are particularly vulnerable to rising freight costs.

Moreover, thanks to technology, globalization and changes in consumer preference, a bag of potting mix is now a highly manufactured, meticulously designed product, often containing ingredients from all over the continent and from across the planet.

MSNBC

Posted on Saturday, August 16 @ 22:31:20 PDT by coyote
 
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Most read story about Business News; Market Research:
OPEC IS NO LONGER ABLE TO CONTAIN OIL PRICES

 
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