Short Intro: March 4, 2010 I started a series of posts about the price of things going North.
The series, in a word - brilliant.
I listed 10 things going North. $$. Simultaneously. Almost unheard of in this day and age.
Idea: Revisit the list. Add two more items.
["A Hard Rain's A-gonna Fall": photo GH]
The original list, in brief: “Canada’s debt, Ontario’s debt, pension plan deficits, interest rates, core inflation (What’s that mean? It doesn’t say), price of oil, price of gasoline, domestic electricity costs, two other hydro charges, a 1939 Batman comic.”
Two new items: 1) U.S. debt.
It stands at about $14 trillion today and will likely hit $20 trillion in 4 - 5 years. Because it will be a BIG economic drag in the U.S., Canada and the London region for a long time we’ll eventually become quite familiar with it.
2) Food costs.
It has been predicted that “food prices will likely increase 5% to 10% over the next year or so.” (Feb. 14, London Free Press)
There, we’re up to date, I think.
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