Titus Pullo

AFP: High food prices threaten poorest: World Bank

Now... will they be 33% higher again next year?

What do you believe is the root cause of rising food prices?

khayos

Obama, obviously.

Real World

Just eat an Ipad.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

patsfan13

Instead of using available cost effective energy sources and focusing on developing economically sensible resources we are growing food and burning it for food instead of using it to feed people. Combine that with the effects of governments printing money to try to sustain social welfare states.

So lib policies and belief in MMGW (now climate change) is causing the poor to starve due to food prices.

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

The Brandon Five

In places like the Horn of Africa part of the problem is lack of rule of law as well as taking land from successful farmers (like in Zimbabwe) and giving it to less successful farmers.

On a more global scale rising energy prices obviously make the production and shipment of food more expensive as well as create more demand for energy sources that are actually derived from food, thereby exacerbating the problem. Not sure about aggregate production this year...demand is certainly not going down.

PatriotsReign

Anyone who believes we are heading toward INFLATION is wrong...it won't happen. At least not for a few years anyway.

We have actually just returned to deflation after the effects of QE1 & QE2 are wearing off. As long as our gov't doesn't artificially inflate our economy with a stimulus, we'll remain in deflationary times.

Until consumers deleverage their debt, they will continue not to spend. And as long as demand doesn't increase significantly (which it won't), we'll remain in deflation. Private sector demand for credit remains at historic lows and demand for credit is another indicator of deflationary times.

Let us all be reminded that the single biggest reason Bernanke imposed QE1/QE2 was to keep DEFLATION from ocurring.

http://www.coinnews.tv/u-s-back-in-d...ng-twice-over/

The following are deflationary indicators:

-Falling Credit Marked-to-Market
-Falling Treasury Yields
-Falling Home Prices
-Rising Corporate Bond Yields
-Rising Dollar
-Falling Commodity Prices
-Falling Consumer Prices
-Rising Unemployment
-Negative GDP
-Falling Stock Market
-Spiking Base Money Supply
-Banks Hoarding Cash
-Rising Savings Rate
-Purchasing Power of Gold Rises
-Rising Number of Bank Failures”

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"No one walking this earth knows what is truly righteous"

Titus Pullo

mostly spot-on

pathetic

Harry Boy

It's Bush's Fault

God Damn Bush

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Harry Boy (Genius)

In The Absence Of Law And Order Society Will Surely Destroy Itself

The Brandon Five

Not sure I agree that all of those are deflationary...how are rising corporate bond rates and gold prices a deflationary signal? I haven't seen too much "falling" going on in commodity or consumer prices.

PatriotsReign

People buy gold to protect/maintain their assets in deflationary times...that's pretty much the "golden rule" on gold.

Also, we were in a very deflationary period prior to QE1 & 2 and the affects are still hangin on/artificially preventing all out deflation.

Bernanke clearly stated to the American people that QE1&2 were being implemented due to the clear dangers of deflation. Since it ran out, why do you believe deflation hasn't/isn't returning?

Deflation is the result of significant decreases in the money supply. Many economists dont count credit as part of the money supply, but it clearly is a MAJOR part here in the US. We know for a fact people have less disposeable income due to unemployment and huge declines in available credit combined with huge declines in the demand for credit due to deleveraging. All of this is expected to continue for several years.

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"No one walking this earth knows what is truly righteous"