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CorpGovActivist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 06:31 PM
Original message
Sara Lee Profit Hit by Rising Commodity Prices
http://news.google.com/news?hl=en&q=sara+lee+commodities&um=1&ie=UTF-8&sa=N&tab=wn

A sign of things to come, as rising ethanol and oil prices cascade through the rest of the economy. Corn prices (driven largely by ethanol) are hitting food producers of just about every type. Food prices are part of the core CPI.

If commodities prices are hitting a high-volume producer like Sara Lee in such a dramatic fashion, it's only a matter of time before prices are passed along to the consumer.

Best,

- Dave
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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 06:35 PM
Response to Original message
1. For sure...
They need to get rid of the tarrif on Sugar imports...

Sugar based Ethanol is better for the environment, so I hear, as well as easier and cheaper to produce...

My god, a few sugar beet concerns are driving our energy policy...

Well, I don't think they even considered the effect producing corn based ethanol would have on food prices...

Just another example of ineptitude...
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Hydra Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 06:36 PM
Response to Original message
2. Predictable
Ethanol, unless you are talking about cellulose based, is not the answer. Neither is GMO.

Also, transport costs are going to go through the roof soon.
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CorpGovActivist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 06:39 PM
Response to Reply #2
4. USAirways Chief on Fuel Prices' Impact on Industry
Just today...

http://news.google.com/news?hl=en&filter=0&um=1&ie=UTF-8&tab=wn&q=us+airways+fuel+costs

- Dave
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Mike03 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 06:38 PM
Response to Original message
3. Prices are already being passed onto the consumer
It's incredible how grocery prices have risen in just a matter of months. Everyone is noticing now--there's no more hiding this fact that inflation is here. Practically anything that is transported costs more; to wit, this morning I paid 79 cents for four green onions. A month ago, that would have cost me 59 cents.
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CorpGovActivist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 06:43 PM
Response to Reply #3
6. Yup, Core CPI...
... is undercutting the Bush Admin's claims about a healthy econ: http://news.google.com/news?hl=en&filter=0&um=1&ie=UTF-8&tab=wn&q=cpi+core+index

- Dave
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Mike03 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 07:05 PM
Response to Reply #6
9. That is right... There's no inflation so long as you don't eat or drive.
But now it is truly affecting nearly anything that is produced. Most people don't realize how much petroleum is in everyday things like computers, plastic, rubber.

Preserving wealth (or even buying power) and health have become so enormously complex that I find it hard to get upset with people who don't plan for these things, but if possible--if people have the means to prepare, it is urgent that they try.
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 07:09 PM
Response to Reply #3
10. and not all that long ago you could get radishes & green onions 4/1.00
:grr:..

My friend paid 78 cents the other day for ONE stinking lemon..
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Mike03 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 07:12 PM
Response to Reply #10
11. How about three dollars for one yellow pepper?
Red peppers used to be cheaper, but now they are moving higher in price.

You want to hear the worst I have seen: $18.99 for a 12 oz. jar of Organic Almond Butter. Non-Organic is $12 for a jar.
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Parche Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 06:43 PM
Response to Original message
5. They wont be making as much bread in the future
:shrug: :hi:
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 06:45 PM
Response to Original message
7. Time to start baking those pies & cakes at home..
Edited on Wed Nov-07-07 06:46 PM by SoCalDem
from one lump of dough and some brown sugar, butter, nuts , raisins & cinnamon, you can make yourself about 3 dozen homemade cinnamon rolls that are "to die for"...( 10 times better than cinnabon )

Especially with winter coming on, just open the oven when you are done, and "recycle" the hot air too :)
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CorpGovActivist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 06:48 PM
Response to Reply #7
8. I Once Had to Throw Away...
... a Pyrex pan. The "homemade" fudge I made set like mortar.

When I add in my lost pan costs, I'm usually better off letting others do the cooking.

; )

- Dave
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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 07:17 PM
Response to Original message
12. I disagree with one piece. CPI does not include food and energy.
Those were removed years ago under Reagan-Bush, and some more shenanigans were put on the CPI under Clinton.

"Core inflation," at least the one talked about on Wall Street, excludes food and energy.

If you calculated the CPI the way it used to be calculated before Reagan came into office, you're looking at something closer to 10% inflation.
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CorpGovActivist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 07:23 PM
Response to Reply #12
15. Thanks for the Correction
http://en.wikipedia.org/wiki/United_States_Consumer_Price_Index#Core_CPI

http://en.wikipedia.org/wiki/Core_inflation

- Dave
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Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 07:18 PM
Response to Original message
13. There was a talking head on CNBC this morning that speculated inflation will be the next 'bubble'
to burst and it will happen 'fast and furious'.

With the Fed printing money like there will be no tomorrow to keep the big banks afloat, the effects of the plunging dollar will be felt sooner, rather than later, resulting in staggering inflation.
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Mike03 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 07:21 PM
Response to Reply #13
14. There is a concept that bubbles don't pop, they merely move
around. This makes sense to me. The tech bubble became a housing bubble, and the housing bubble has turned into a sort of debt or liquidity bubble, infecting hedge funds and loans and all sorts of complicated financial instruments that are hard to understand. But our pre-eminent financial institutions hold billions of dollars of these worthless instruments, and that also needs to pop and shift to the consumer or home buyer.
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razors edge Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-07-07 08:32 PM
Response to Original message
16. Hyper-inflation,
coming to a wallet near you.
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