8.18.2010

You can't always get what you need

... but if you try sometimes, you might find, you get what you want.

Continuing the theme of deflation in discretionary items and inflation in necessities comes this note from investment research firm The Leuthold Group:
[Year to date], the only deflationary CPI subset is Apparel (-6%). Medical (+4%), Food & Beverage (+1%), Housing (+1%), and Transportation (+4%) are inflationary.

How is your 0.25% savings account treating you, Grandma? Pass the Alpo!

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