Right now the DOW is up 53 points. And how does CNNMoney.com explain it?

Wall Street bounces after two down sessions as goverment report shows inflation is kept in check.

Oh, how comforting it is to know that inflation is in check. The government report says it, so it must be so!

I feel like I'm living in the dystopia of 1984. The chocolate ration gets cut from 100 grams per week to 70 grams per week, and the media reports it like this: "Wonderful news! The chocolate ration has been increased to 70 grams per week! Long live Big Brother!"

Wal-mart (and all other grocers) has raised prices on virtually all food products twice in the last 3 months. I don't just sleepwalk through the store throwing things in my cart, then hand the credit card over to the cashier. I actually pay attention to the prices, per unit price, etc. because sometimes a 2 pound package costs you MORE than (2) 1-pound packages! You have to be careful, especially when shopping at Wal-mart. As the saying goes, Caveat Emptor (let the buyer beware).

Anyhow, wheat prices have quadrupled, milk has gone up, corn has gone up, you name it. Overall we're looking at 30% or more inflation on many food products. That's tame inflation?

Matthew