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BRICS Thrown at the U.S. House of Cards May Cause Things to Come Tumbling Down
- April 18, 2011
- Posted by: Ted Bullen
- Category: Commodities, Economy, Government, Inflation, Monetary Policy, News
No CommentsBrazil, Russia, India, China, and South Africa, each representing large and populous developing countries with growing economies, have formed a consortium known by the acronym BRICS. They met four days ago to call for an end of the U.S. dollar as the world’s reserve currency. These emerging economies are seen as the engine for global
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A Measure of Meal plus Oil No Longer Makes a Full Loaf of Bread
- March 3, 2011
- Posted by: Ted Bullen
- Category: Commodities, Economy, Food, Inflation, Monetary Policy, News, Oil & Gas
In February, reports of the Fed claim that QEII had been successful were floated, though not taken seriously. The reason is that food/commodity prices, especially grains, are the highest that they have been in twenty years. This has been exasperated with the speculator-driven rise in oil prices due to the unrest in Libya with the
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Food for Thought, But for Higher Prices
- January 20, 2011
- Posted by: Ted Bullen
- Category: Commodities, Food, Inflation, Monetary Policy, News
This week, the CRB BLS Spot Index exceeded 2008 record high levels. The foodstuffs sub-index also exceeded 2008 record highs. Both indices exceeded the previous highs by approximately 7%. Leading up to the index-highs of this week, food policy experts have warned of serious consequences resulting from food inflation, particularly if countries respond with counterproductive