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Friday, July 13, 2012
Yesterday, the USDA reported that the average farm price for corn in the 2012/2013 season is projected to rise sharply from $4.20-$5.00 a bushel to $5.40-$6.40 due to the extreme heat and drought across corn country that has been wreaking havoc on crop production. For Americans, it means we can expect to see higher food prices coming to a store near you. Higher prices won't just be on ears of corn, but on all other products that depend on corn. The price of meat, milk, cereal, candy, and other food will all be impacted. Read More: The Hidden Ingredient in Rising Food Costs
Posted by Nick at 12:36 AM
Monday, July 9, 2012
"Dr. Doom" Nouriel Roubini says the "perfect storm" scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China. Read More Roubini: My 'Perfect Storm' Scenario Is Unfolding Now Roubini says there is virtually no chance that "pump primimg" will work this time and that the governing class should let the coming bust work itself out. They won't. They can't. Which means it will be worse than it has to be...
Posted by Nick at 8:55 AM