You might want to start stockpiling food, says WSJ


	You might want to start stockpiling food, says WSJ

enbar

4-23-2008 1:00 AM

1413 views

tags:

economics, food, bad_news, news, opinion, money, international

enbar says:

Food prices are going up faster than any of your investments are gaining value... so you might want to invest in, say, rice, or dried pasta. "Wheat prices have roughly tripled in the last three years."

2 Comments |

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4-26-2008 5:32 PM

AcesLucky

And... it's going to get worse.

4-26-2008 5:40 PM

jatfla

By doing so in the West, you will bring about that very thing you don't want to happen....a self-fulfilling prophesy.

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</TD></tr></table></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB120881517227532621.html?mod=pj_main_hs_coll"><H1 class="articleTitle">Load Up the Pantry<BR /><SPAN class="aTime">April 21, 2008 6:47 p.m.</SPAN></H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB120881517227532621.html?mod=pj_main_hs_coll"><P class="times">I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB120881517227532621.html?mod=pj_main_hs_coll"><P class="times">You've seen the TV footage of food riots in parts of the developing world. Yes, they're a long way away from the U.S. But most foodstuffs operate in a global market. When the cost of wheat soars in Asia, it will do the same here.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB120881517227532621.html?mod=pj_main_hs_coll"><P class="times">Reality: Food prices are already rising here much faster than the returns you are likely to get from keeping your money in a bank or money-market fund. And there are very good reasons to believe prices on the shelves are about to start rising a lot faster.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://online.wsj.com/article/SB120881517227532621.html?mod=pj_main_hs_coll"><P class="times">The reason? The prices of many underlying raw materials have risen much more quickly still. Wheat prices, for example, have roughly tripled in the past three years.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/29C8D2A6-A8BB-498D-85A9-1AB3E21D2693/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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