The Real Inflation Fear – US Food Prices Are Up 19% In 2014
The Real Inflation Fear – US Food Prices Are Up 19% In 2014
| March 26, 2014 |
Source: Zero Hedge
We are sure the weather is to blame but what happens when pent-up demand (from a frosty east coast emerging from its hibernation) bumps up against a drought-stricken west coast unable to plant to meet that demand?
The spot price (not futures speculation-driven)of US Foodstuffs is the best performing asset in 2014 – up a staggering 19%…
h/t Bloomberg’s Chase van der Rhoer
http://www.blacklistednews.com/The_Real_Inflation_Fear_%E2%80%93_US...
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