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Old 05-29-2011, 10:12 AM   #21
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Sidebar for the no inflation group: Both Matell and Hazbro announced toy price increase of 6% to 20% due to higher labor cost and raw materials in China.
Hey, good news. The higher Chinese labor costs go, the less ours have to fall to be competitive. So, they are now at, what, $6 per day on average?
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Old 05-29-2011, 12:51 PM   #22
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Sidebar for the no inflation group: Both Matell and Hazbro announced toy price increase of 6% to 20% due to higher labor cost and raw materials in China.
Not a problem. The government can just use "substitution" and replace it with a toy that's 6% to 20% cheaper -- and voila, there's still no inflation...
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Old 05-29-2011, 01:32 PM   #23
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My guess is that if this becomes a real issue, MOAA (and all the other member organizations of The Military Coalition) will be all over this to ensure Congress understands the impact at the deck plate level. (Whether Congress will do anything about it is, of course, another matter.)
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Old 05-29-2011, 04:26 PM   #24
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When the CPI reports 2% inflation, most people are "feeling" 6% inflation in food, energy and other essentials and health care costs are rising 12%...
I understand the new version of "core inflation" is going to be modified to include:
  • food
  • energy
  • all other things that tend to increase in price
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