Tuesday, February 08, 2011
Is a food price bubble coming?
Disquieting news on the Chinese drought. Plus, unusual cold weather. Because China has been self sufficient, they haven't made a big impression on global agriculture. As the article makes clear, if China has a food shortage, they have plenty of currency reserves to bid for the price of available wheat and corn.
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1 comment:
And only a year ago we were worried silly about deflation! Now Wall Street is engineering one "inflation-protection" product after another.
Hard-won knowledge from the 20th century: Stocks are a great inflation hedge in the long run, but only because they go up after the inflation is over.
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