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

To: SouthFloridaGuy who wrote (75034)	2/21/2008 4:52:13 PM
From: Mike Johnston	Read Replies (2) \| Respond to of 116555

Rising food prices have nothing to do with any changes in diets or eating habits. They are the reflection of rapidly rising money supply around the world. The argument that rising food prices are due to demand from China or India or Brazil doesn't hold water. That would imply that they were starving to death 5 years ago and just recently started eating. Here is the explanation: Real food costs are not rising, it is the value of money that is plunging around the world, increasing the nominal prices of agricultural goods and processed food products where also higher energy costs come into play.

To: SouthFloridaGuy who wrote (75034)	2/21/2008 4:53:57 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Monetary Base research.stlouisfed.org[1][id]=BOGAMBNS&s[1]=pc1 M1 research.stlouisfed.org[1][id]=M1NS&s[1]=pc1 The Rise in M2 and M3 is from people rushing into savings accounts. "obviously" that's highly inflationary. ggg People look at those charts and don't even know what they mean. Mish