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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.95+0.1%4:00 PM EST

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To: bart13 who wrote (100223)4/21/2013 2:30:47 AM
From: elmatador2 Recommendations  Read Replies (1) of 218842
 
Reading the FAO Food Price Index Chart.

Second half of the 90s, started climbing as a result of two factors:
USSR dismantling and increase of incomes in Asia. By 96 it reached the new plateau.

Asian melt down destroyed incomes in Asia and prices went even below historic trends.
By mid first decade, 2004, the emerging markets (where most of the mouths are) debts have been paid (as a result of AG printing com gusto, incomes started rising in emerging markets worldwide. Prices went above historical trend.

Dropped back as a result of 2008 financial crisis. Climbed again and now is reaching the new trend line and will stay there.
You can see the Arab Springs in this chart: the yellow line climbs, post 2007, Arab Springs started in food importing countries arid regions of North Africa as the Asians bid the food prices up.
Index track 5 food commodities, meat, dairy, cereal, oils and fats, sugar
fao.org


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