At my 'day job', there has been a lot of banter over rising prices. Most recently, we've heard about an increase in the price of milk (said to be affected by corn/ethanol production).
Today, on the fourth no less when drunk drivers will sadly be using automobiles as dangerous bumper cars, we hear that ethanol is also affecting the price of beer.
http://money.aol.com/news/articles/_a/beer-prices-barrel-higher/20070703085609990001?ncid=NWS00010000000001
Aside from this being a heavy blow to the pocketbook of Al Gore's son (GORE'S SON JAILED AFTER 100MPH DUI, DRUG BUST... oops, sorry- got a little political there), this is truly another sign of the dreaded "I" word that is feared by government spinmeisters and CNBC bubbleheads.
Make no mistake, inflation is coming hard. While some deflationary effects taking place in the over-leveraged housing market/ fiasco.
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