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Wall Street Breakfast: Must-Know News [view article]
Eli - this statement is interesting -Food could cost 7-9% more next year. Economists say heavy Midwest flooding may cause U.S. food prices to climb 7-9% in 2009. "The U.S. consumer has gotten used to cheap, affordable food," food-industry analyst Fiona Boal says. "Now the goal posts are moving."
The thought of this sicken me. I had an instructor iin college that said "The U.S. could produce enough food to feed the entire world." Although perhaps an overstatement, it was not far from being truth. And with today's technology and modern equiptment, one would think that food production in the world would be in great abundance.
However, government policies make food less affordable. This ethanol thing is sickening. Ethanol is a government sponsored scam that is contributing to the rising cost of food worldwide and is even causing starvation around the world. Mark Perry wrote an excellent one page article about ethanol on Seeking Alpha -
seekingalpha.com/artic....
In the name of "environmentalism... radiacals are pushing these biofuels at the expense of rising food costs and starving peoples.
Sadly, America has become a socialist-elitist nation which has no regard for rightousness or for the welfare of its citizens and the citizens of other nations.
America could be energy-independent - using nuclear energy, American oil, and solar and wind energy. And yes, we and the rest of the world could have cheap, abundant food too.
Reply
Wall Street Breakfast: Must-Know News [view article]
Eli you make it work, best wrap-up I get and it is much appreciated. ReplyWall Street Breakfast: Must-Know News [view article]
Eli, I have been following what Phil Davis and Anthony Schneider on SeekingAlpha have been saying about the role of hedge funds and I-Banks in pushing up the prices of commodities.Two good links are:
www.star-telegram.com/...
and
www.commerce.senate.go...
Writers like Jim Kingsley and Dr. Mark Perry and others are not telling the whole story about what is actually happening.
Please take some time to read the above data and publish your thoughts on the subject. Thanks Reply
Wall Street Breakfast: Must-Know News [view article]
Cool. Thanks Eli. Appreciate your service here. ReplyEli Hoffmann
Wall Street Breakfast: Must-Know News [view article]
Thanks Paul. Indeed, ELN/WYE didn't make it into WSB, and probably should have. We did get it up in Market Currents though:seekingalpha.com/marke... Reply
Wall Street Breakfast: Must-Know News [view article]
Eli - how'd you miss the news on ELN? Absolutely Huge! Maybe because it was issued overnight. Replyl
100 Stocks to Offset Rising Food Prices [view article]
I just read this on April 8th, i had somehow bought CALM @ re $20,and own BG, POT, & MON. They have all done well! This guy was right on the money! I am looking into some of his other suggestions... ReplyEditors
General Discussion on FDP
Is this a buy or a sell? Reply100 Stocks to Offset Rising Food Prices [view article]
Good information, now I can set up a defensive strategy for my portfolio in this inflation envionment. Reply