[cube]

$this->bbcode_second_pass_quote('MrBill', '.')..
And yet they vote for politicians that would give them lower taxes and more freebies from the government, so that deficits increase, which are stimulative as well as devalue the external value of the US dollar that increases imported inflation. Your average American is not complaining too loudly about the Fed dropping interest rates despite those higher food and fuel prices, so ultimately that is also exacerbating inflationary pressures in the economy. Hmm, it sounds like we need more hard choices and less hand wringing? ; - )

[FreakOil]

$this->bbcode_second_pass_quote('cube', 'M')aybe China will use it's $1.6 Trillion to purchase the state of California or would that be a conflict of national security?

[wisconsin_cur]

More Food Inflation on the way

$this->bbcode_second_pass_quote('', 'H')is warning that a strong wave of food inflation is heading towards the world economy was met by nods from agriculture traders, food industry executives and western’s government officials at the USDA’s annual Agricultural Outlook Forum.

Larry Pope, chief executive of Smithfield Foods, the largest US pork processor, warned delegates of a wave of “real food inflation” just at the time central banks were under pressure to cut interest rates.

“I think we need to tell the American consumer that [prices] are going up,” he said. “We’re seeing cost increases that we’ve never seen in our business.”

The comments highlighted one of the conference’s main concerns – that rising agricultural prices have reached a stage at which the impact will be felt not only on fresh food but will also filter through the supply chain and raise the cost of processed food.