Another title for this post was "What the Bagelman knows."
I know that everyone is quick to raise prices when input costs rise - crude oil for one. But the local bagel shop still sports a sign in the window explaining why bagels now cost a lot more than they did a year ago. Wheat prices are through the roof!
But check out this chart. They are not at those lofty levels anymore and bagel, pizza and beer prices have not budged lower.
Perhaps main street knows something we don't know? Perhaps Washington, with its record inflation report recently, knows something for a change?
And speaking of Washington, the CNN anchor and the weather guy made a funny today. Temperatures in DC are lower this week and congress is out on vacation. Coincidence? I think not!! (think lack of hot air).
By the way, the stock market also seems to do better when congress is not in session, too. Look that one up in your Funk & Wagnall's.