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Topic: Load Up the Pantry

Bob Frey
Member

Member Rated:

posted

Load Up the Pantry

http://finance.yahoo.com/banking-budgeting/article/104914/Load-Up-the-Pantry

Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000 | IP: Logged |

glassman
Member

posted

Meanwhile the most recent government data shows food inflation for the average American household is now running at 4.5% a year.

food prices have been running amok for 5 years now.

the last one has been the worst.

yet they have to drop interest rates so that Wall Street won't topple?

it seems to me that we have a clockwork orange running the economy [Big Grin]

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Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003 | IP: Logged |

glassman
Member

posted

here's the biggest reason LOW interest rates rates run commodity prices up:

USDA's Schafer reassures no rice shortage
Thu Apr 24, 2008 6:14pm EDT

By Carey Gillam

KANSAS CITY, Missouri (Reuters) - U.S. Agriculture Secretary Ed Schafer on Thursday sought to calm the frayed nerves of consumers, saying there was no shortage of rice in the United States even as a major outlet limited sales.

He also said the surge in rice prices to record highs at the Chicago Board of Trade, the world's largest grain exchange, could be attributed, in part, to speculation about future rice shortages.

"We don't see any evidence of the lack of availability of rice. There are no supply issues," he told reporters after addressing a conference on agro-terrorism in Kansas City.

"Part of the price issue is speculation because we're so close to capacity...that if something disrupts it like the weather pattern then you can start seeing some supply issues.

"But today there are no supply issues that we see in the marketplace or in the foreseeable future," he added.

the traders all operate on a very high margin basis. the more money they can borrow short term? the more contracts they can control... the more contracts? the more influence they have on the final price...

all that CASH that left the stocks had to go to work somewhere [Roll Eyes]

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Don't envy the happiness of those who live in a fool's paradise.

Posts: 36378 | From: USA | Registered: Sep 2003 | IP: Logged |

Relentless.
Member

posted

so really there is no problem.. just the price is doubling like rabbits in spring..
and that's not a problem because we're all rich

Posts: 2965 | Registered: Aug 2005 | IP: Logged |

SeekingFreedom
Member

posted

Lol, I've been told since birth to keep a year's supply of food on hand...may just finally come in handy soon.

[Good Luck]

Posts: 1802 | From: Utah | Registered: Mar 2008 | IP: Logged |

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