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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (45601)2/1/2006 3:16:28 AM
From: shades  Respond to of 116555
 
UK PRESS: Zimbabwe Crops Fail Despite Ample Rain

White plantation owners get the boot - Kunte Kinte starves :(

LONDON (Dow Jones)--Food crops in Zimbabwe have failed again despite ample rainfall, the Daily Telegraph reports Wednesday without citing sources.

Zimbabwe is expected this year to grow less than half of what it needs to feed the population and the rains have denied President Robert Mugabe his standard explanation of poor weather for slumping production.

More than 20 million acres of Zimbabwe's well-developed agricultural land has been confiscated from about 4,000 experienced white farmers since 2000 and handed to Mugabe's supporters, senior civil servants and members of his extended family.

Newspaper Web site: telegraph.co.uk

-London Bureau, Dow Jones Newswires; +44 (0)20 7842 94140


(END) Dow Jones Newswires

February 01, 2006 02:55 ET (07:55 GMT)



To: mishedlo who wrote (45601)2/1/2006 3:09:42 PM
From: sea_biscuit  Respond to of 116555
 
Thanks, Mish. Would gold stocks behave any differently in a deflationary environment? Would they be more like gold (which would do well) or more like stocks (which would get clobbered)