Are you ready?

by Frederick

Soup_Kitchens

Tuesday January 15, 9:26 am ET
By Martin Crutsinger, AP Economics Writer
Wholesale Prices Rise in 2007 by 6.3 Percent, Largest Amount in 26 Years

WASHINGTON (AP) — Wholesale inflation last year shot up by the largest amount in 26 years while retailers suffered their worst December shopping season in five years as mounting economic woes caused consumers to put away their wallets.

The Labor Department reported that wholesale inflation was up 6.3 percent for all of 2007, reflecting a huge increase for the year in various types of energy costs ranging from gasoline to home heating oil.

Meanwhile, retail sales fell by 0.4 percent in December, the worst showing in six months, the Commerce Department reported. Consumer confidence has plunged, reflecting the worsening housing slump and a lingering credit crisis.

-Do you know how to skin a deer? Do you know how to sew? Can you handle a shotgun or a rifle? Do you have one around? Do you drive a diesel–something you can run on vegetable oil if fuel is scarce. Do you remember all the stories your Grandparents used to tell you about the Depression…