As earlier bouts of alarmism over Europe, then a double-dip recession and then deflation fade away, a new bogeyman is taking their place: Inflation, and the damage it could do to profits and stocks. Yes, prices are rising, but the main pain will be felt worst among America's poorest.
The Agriculture Department had predicted that U.S. cranberry production would rise 6% this year for the second-largest harvest on record. But the 2010 crop came in 5% below 2009. Still, things are going well for Ocean Spray, the largest U.S. co-op of cranberry growers.