Can I afford the Price of a Sweet Tea?

Sweet Tea is sugar and water.

The NY Times is running an article called Chinese and US Demand Drives Commodities Surge by Clifford Krauss. Mr Krauss is writing about how prices for items like copper, sugar, and corn have hit all time highs recently. A normal cycle would have these prices recede with the US economy. But that is the new gotcha. The global demand for these items will swallow up any lack of buying from the US. And now this creates a double whammy for the US – buying power is down but prices are still up.

By:

Posted in:


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: