Michael: The economic news doesn’t look good, does it?
Fred: Not according to The New Yorker yesterday. I saw a similar report last night on TV.
Michael: I saw that, too. The analysis seemed to be quite realistic.
Fred: I hope they are wrong. We really need to get the rising price structure under control.
Michael: Well, costs seem to be rising in so many categories that it appears to defeat any efforts of stabilization.
Fred: I feel that, too. Raw material now costs more. Labor is demanding higher wages though there is a lot of recession across the country.
Michael: There maybe some relief this summer. I understand the price of some food items will go down.
Fred: Let’s not lose hope.
Michael: Right you are.