I felt just terrible Tuesday didn’t even go for my walk with Mom. I did feel quite a bit better today and I got my shopping done. I talked to the store clerks and they are noticing people stocking up. I think knowing your clerks is a huge advantage in smaller and local stores because you pick up little bits of info here and there and when you start putting it together you can see trends. The clerks see so many more people than you, so when they remark on something happening, it’s a big deal!
I stopped by my True Value store and picked up 3 boxes of canning lids and they had already sold out of the visor LED flashlights and it’s only been 3 days since the sale started! I got a rain check and they have another shipment coming in Thursday so if you want some of these little hands-free lights you might want to get them early as the clerks said they sold out the last time they had them on sale.
Obama says he is going to try and buy up chicken, pork and catfish “to support the farmers and ranchers” via the USDA. So we may not see much of a price drop in those meats. If you need to stock up on those meats you may have 15-30 days to get today’s prices. Watch the price of chicken, as it has the quickest processing from chick to chicken and if chicken spikes in price you know pork will be going up next. Beef ranchers don’t seem to be getting the same offer so we still may see some good prices on beef the next couple of months. I think the PTBs should just kill the ethanol mandate but I’m sure BIG AGRICULTURE won’t put up with that idea. Don’t forget getting milk, cheese and butter because the ranchers my cull the dairy cattle as well if they can’t afford feed them through the winter.
It is really starting to look ugly for the world economy and though I had my “four month gut check” and I believe that Sept. is going to be a critical month. I’d continue to stock up so you don’t need to shop for three months for any basic needs. I hope I’m wrong and you get to eat for a month or two for free and use that money on some thing you would like to have, need or pay off some debts. There is also some talk of some cutting of SSI, SSD and SS of up to 20% in checks. We are already seeing Obamacare screwing with insurance premiums and it does not go into effect officially till 2014.