Thursday, May 19, 2011

Reposting An Excellent Article on Frugal Food Shopping

Family Finance: How to Save Money on Groceries
May 17, 2011 6:24 am by Alanna Kellogg in Money

[Editor's Note: Alanna Kellogg wrote this brilliant strategy post for saving money on food in 2008, predicting food prices would only get worse. Even though the post is a few years old, her tips are still spot-on, and I'm using them as I try to squeeze more out of my family's combined income. -Rita]

Food prices getting to you? Yeah, me too. There's no avoiding that just like it takes a full wallet to fill up a tank with gas, it takes a fat purse to fill up a cart with groceries. The bad news is, there's new concern that the Western world's relatively cheap food supply may be coming to a sudden, and unexpected, end.

Last week, the Canadian newsweekly magazine Maclean's published a story with a foreboding future, "Why Your Grocery Bill Is About to Hurt."

"The question now for the developed world is whether we're seeing a permanent end to an era of relatively cheap food — a shift that could force wrenching change in households across the western world. ... In short, food policy is shaping up to be one the 21st century's political battlegrounds — a fraught landscape on which poor countries backslide into malnourishment and wealthier ones compete for remaining pieces of the global pie."

Throwaway Thought of the Day: Gas is Cheaper Now than in 1950.

In 1950 the average gas price was 18 cents per gallon. So for two silver dimes (and all the dimes were silver then) you could buy a gallon of gas and get two cents back.

In 2011 the average price of gas is about $4.00. That's way more than 18 cents, right?

It depends on how you measure it.

Wednesday, May 18, 2011

Interesting Validation of My Opinion

About a month ago I wrote an essay called The Battle of the 'Flations about my sense of understanding of the monetary situation in the U.S. vs. the world at large.

Richard Koo, the chief research economist at the Nomura Institute, and former Fed economist, has validated my own observations with a bit of a twist.