The Fed is trying to keep the money and credit moving. But it is going where it wasn’t supposed to go - into commodities, food, oil and gold. Still, the experts can’t see it. Instead, they read the polls, watch the TV, and come to the wrong conclusion.
May 7th, 2008 | Bill Bonner | 2 comments | ContinuedAll Posts Tagged With: "food"
Food, Fuel, and Finance: The Crisis of the Three Fs
The grand poobahs of the world’s economy are wringing their hands in worry over the three Fs, each its own kind of crisis: food, fuel, and finance. As usual, it’s the people at the margin (whether lending or with food) that are affected first when surplus turns to scarcity. Despite all the daily signs of abundance here in Australia, let us not forget that there are about four and half billion people on the planet who have little margin for error in their daily lives.
April 14th, 2008 | Dan Denning | 10 comments | Continued
Increased Energy Prices Slowing Global Economy
Think of the global economy as a system of systems. Food, energy, credit, transportation, information… all these systems are interconnected and interdependent. Energy is what keeps them all connected. As energy prices increase, the connections become stressed and frayed. A world with more expensive energy is a less connected world. When you stop throwing cheap energy at an economy, its total growth slows down.
April 7th, 2008 | Dan Denning | 4 comments | Continued