kingworldnews.com / June 19, 2017
With all the talk of food deflation that is supposed to result from the Whole Foods/Amazon merger, in the real world food prices have soared 14% in just the past two months.
Real World Food Prices Soar 14% In 2 Months
June 19 (King World News) – Here is what Peter Boockvar noted as the world awaits the next round of monetary madness: On Friday after the Amazon-Whole Foods news we heard a lot of opinions on what this should mean for the Federal Reserve in terms of technology and disruption bringing us another round of price deflation in the important category of food. I just want to remind people though that the secular downward pressure on consumer goods prices really started in 1962 when Walmart was founded and brought us Every Day Low Prices…
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