For kicks, just go ahead and google “food prices” or “sugar prices” or “cotton prices” or “orange juice prices”. While on one hand all of these commodities are intimately tied to oil, they were running up at a pretty fast clip prior to the latest hysteria.
Again, can anyone here tell me that the bill they get from wastewater services has gone down or is only 1% higher this year then it was a year or 2 years ago?
To me, and I am fairly simplistic, the squeezing from one bubble to another bubble to another bubble is obvious. We had stocks overvalued…pop… they seriously depreciated. We had real estate overvalued…pop… depreciated but so much of that securitized (yet depreciated) asset is still out there…so how does that play out… it plays out in the form of deflation? Okay that is fine… so your dollars may buy more of that overinflated asset but I don’t see it buying other commodities.
I do not believe the “demand” for water has skyrocketed so is it correct to say that the price increases we have seen is due to demand? I guess it could be argued that it is due to supply but remember your bill is also tied to sewage and wast collection. Maybe I am wrong and nobody else is experiences these price increases. I do tend to live in my own world.
