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Re: Cheap food is coming to an end
- To: PEN-L@xxxxxxxxxxxxxxxx
- Subject: Re: Cheap food is coming to an end
- From: raghu <mraghu01@xxxxxxxxx>
- Date: Sat, 23 Jun 2007 10:36:02 -0700
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On 6/23/07, Louis Proyect <lnp3@xxxxxxxxx> wrote:
The Independent, 23 June 2007 08:31
Leading article: We have to accept that the era of cheap food is coming
to an end
What is pushing up global commodity prices? It is likely that a
substantial demand shift is beginning to affect prices
It is hard to imagine that a "substantial demand shift" is
simultaneously underway across all possible commodity classes (oil,
food, metals), asset classes (stocks, real-estate) and even services
(college tuitions, medical care). It seems to me that a monetarist
explanation (i.e. money supply increases) is much better than a
supply/demand based explanation. The CPI does not seem to support a
monetarist theory but if I am not mistaken, the CPI conveniently
excludes food, energy, medicine and just about any item that cannot be
imported from China.
-raghu.
- Thread context:
- Re: Grad Student Pop Quiz: 100 Words Every High School Graduate Should Know, (continued)
- How To Sell a Tuna - What fish markets teach about the economy,
Leigh Meyers Sat 23 Jun 2007, 16:42 GMT
- New Frontiers In Military Tactics - Expletives delete attack,
Leigh Meyers Sat 23 Jun 2007, 15:56 GMT
- Cheap food is coming to an end,
Louis Proyect Sat 23 Jun 2007, 12:36 GMT
- Silverstein on Moyers re Lobbyists for Dictators,
Brian McKenna Sat 23 Jun 2007, 03:06 GMT
- How Not to Hire An American,
Perelman, Michael Sat 23 Jun 2007, 02:38 GMT
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