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Food prices will rise 10% in the next two months warns billionaire supermarket owner John Catsimatidis. “I see food prices going up tremendously,” he warns consumers “CEOS want to be ahead of the curve and the way they’re doing it is they’re dropping all promotions. They are dropping low-moving items.”
Researchers say that there is a sea of problems that cannot be resolved in short increments – we are facing, one analyst warns, a series of events that has led us out from under the idea that everything was always going to be alright.
America is already in a recession that will reach as many people as the 2009 financial crisis warns Dartmouth college professor David Blanchflower who predicted the last recession.
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