[lbo-talk] Reality check, please

Colin Brace cb at lim.nl
Fri Dec 21 22:48:07 PST 2007


On Dec 21, 2007 6:25 PM, <123hop at comcast.net> wrote:


> And the price has tripled because
>
> --the dollar is sinking
> --fertilizer is oil based which has doubled
> --???

The WSWS has a useful summary of what is going on:

"Severe food shortages, price spikes threaten world population" http://www.wsws.org/articles/2007/dec2007/food-d22.shtml

Among other things, it appears that speculative capital, which has forsaken the credit market, is now focusing on commodities.

--

Colin Brace

Amsterdam



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