Not Even Crack Heads Can
Escape this Economy
By
Charles Delvalle
Everyone’s having a hard time in this economy, even crack heads.
We’ve all been talking about how wicked inflation has been over the
past two years. Apparently Gus Young Jr. of West Palm Beach wasn’t
listening.
In a fit of rage, he destroyed a DVD case and a Plexiglass counter
after his friendly neighborhood drug dealer told him that the price
of a rock of crack cocaine had gone from $10 to $20.
And get this: on the way to jail, he shared his displeasure of the
inflated crack prices with officers.
Let this be a lesson that nothing escapes the reach of inflation.
Not milk, butter, or in this case, crack.
This investment news is brought to you by
Investor’s Daily Edge. Investor’s Daily Edge is a
free daily investment newsletter that is delivered by email
before the market opens. It’s published by Fourth Avenue
Financial, a subsidiary of
Early To Rise (an affiliate company of Agora
Publishing). In each weekday issue you’ll receive practical
strategies for protecting your portfolio and multiplying your
money. You’ll also learn about undiscovered opportunities in
emerging sectors and markets, deeply discounted stocks,
recommendations for bonds, cash, commodity and real estate
investing, and top ETFs. To view archives or subscribe, visit
Investor's Daily
Edge.
Editor's Note:
Technically we are not in a full blown inflation.
We are in a "Stagflation" similar to the 1970's. Many items like
Stocks, and houses are falling in price reducing the money supply
while at the same time many consumer items are rising. For
more information see our article on
Stagflation.
InflationData.com "The Place in Cyberspace for inflation
data" and the editor of Your Family Finances. He has also
written a book on
Geographic Tongue and other tongue problems call
Healthy
Tongue Secrets.