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.
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.