– Got (Record-High-Priced) Milk? (ZeroHedge, Sep 17, 2014):
Hot on the heels of yesterday’s low PPI and this morning’s falling CPI, we thought it worth noting (given The Fed’s pre-occupation that inflation is running too low) that the price of milk – that staple of the American diet – just hit an all-time high. Nope, no inflation here…
As an aside, while correlation is not causation, the price of milk and the growth of the Fed Balance Sheet have an 82% correlation since March 2009.
Chart: Bloomberg
It isn’t inflation. It is the falling value of the dollar.
Huge difference. Inflation can be controlled, the value of the currency is far different.
http://www.infowars.com/kiss-your-grass-fed-beef-goodbye-gmo-grass-about-to-be-approved/
Not wanting to be negative, but could it reflect costs added for disposing radiation contaminated milk?
The milk is as dangerous as 4 packs of cigarettes daily now, with the GMOs in it.