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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
No CommentsIn 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
