Sunday, February 27, 2011

Live Small : Thing$ Going North Revi$ited

Short Intro: March 4, 2010 I started a series of posts about the price of things going North.

The series, in a word - brilliant.

I listed 10 things going North. $$. Simultaneously. Almost unheard of in this day and age.

Idea: Revisit the list. Add two more items.


["A Hard Rain's A-gonna Fall": photo GH]

The original list, in brief: “Canada’s debt, Ontario’s debt, pension plan deficits, interest rates, core inflation (What’s that mean? It doesn’t say), price of oil, price of gasoline, domestic electricity costs, two other hydro charges, a 1939 Batman comic.”

Two new items: 1) U.S. debt.

It stands at about $14 trillion today and will likely hit $20 trillion in 4 - 5 years. Because it will be a BIG economic drag in the U.S., Canada and the London region for a long time we’ll eventually become quite familiar with it.

2) Food costs.

It has been predicted that “food prices will likely increase 5% to 10% over the next year or so.” (Feb. 14, London Free Press)

There, we’re up to date, I think.

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