PeakOil is You
Peanut butter sales?
Re: Peanut butter sales?
by cube » Sat 05 Jul 2008, 00:48:51
$this->bbcode_second_pass_quote('Narz', 'I')'m more of an almond butter fan myself. They have raw almond butter at Trader Joe's for $4.99 a pound. Strangely that price has come down from $5.99/lb previously (even as almonds in general are pretty expensive these days).
There seems to be two schools of thought:
1)Some things will go up while others will go down.
The argument is straightforward, if you choose to pay more for product A then that leaves you with less money to buy product B. Therefore the price of product B must drop.
2) Everything will go up in price.
How is this physically possible if society's incomes do not rise? The answer is also straightforward, people will buy less of certain products. For example if I have to pay more for gasoline that does not necessarily mean the price of a Starbucks coffee will drop. I might decide to cut back and shop there once a week instead of twice a week. What happens if everyone else decides to do the same?
Starbucks Closing 600 U.S. Stores
I do not like argument 1). Yes there is some truth to it such as the almond butter!
However I think we're going to see a lot more of argument 2).
- cube
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