Friday, February 29, 2008

Pizza and beer now cost an arm and a leg
Sure sign we're heading for a recession: Even cheap eats are hard to find
By Al Olson
If you’re looking for a sure sign the U.S. economy is headed for a recession, all you need to do is look at the skyrocketing price of “recession-proof” foods: pizza, hot dogs, bagels and beer.

For many Americans, the credit crunch and the mortgage mess have left their pocketbooks – and their cupboards – bare. These same consumers, many living paycheck to paycheck, have relied on these cheaper foods to keep their expenditures down. Not anymore.

In the past few months, the news has gone from bad to worse:

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