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Ultimately, the cost of beer, doughnuts and red meat is what matters most- at minimum to a couple of of us, albeit a dying breed. To the Homer Simpsons of the globe, I deliver great tidings of great pleasure. Safeway is selling a dozen doughnuts this 7 days for $3.99. SaveMart has N.Y. steaks on sale for $2.97 lb., and the pride of Belgium- Budweiser- can be experienced just about anyplace for 2007 prices. Meanwhile, the wholesale price of sugar, wheat, corn, espresso- you title it- is at multi-year highs. Why, then, is the U.S. consumer obtaining off so inexpensive?
There is an eerie feeling for the first evening of buying and selling after the G20 summit. The Nikkei marketplaces are up, but the yen is rapidly dropping steam, and is near to dropping below 81 on the yen/usd index.
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