A little while ago I wrote about $4 bacon. Looks like I understated the case. As bad as 2010 is, next year looks worse for the two basic food groups, i.e., (1) bacon and (2) everything lese.
More government-mandated and subsidized corn likker is going into our Suburbans and Lexi. That makes corn dearer. Right now it's trading at an amazing $6+ a bushel. That means it is harder for pig farmers to make a buck. That means they're not so anxious to raise pigs. That means fewer critters on the market. That means higher-priced pig parts.
No such post would be complete without a reminder that the Washington payday loan office operated by Bernanke and Geithner plays a leading role in this stunning remake of that movie classic, "March to Weimar."