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Forget gold, the sugar price collapse is far more dramatic [deflation, not debasing]
UK Telegraph ^ | 21 Jul 2015 | John Ficenec

Posted on 07/22/2015 4:13:03 AM PDT by expat_panama

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The article showed graphs w/ sugar prices falling with a soaring dollar index, but the affect on U.S. food prices has been more one of food prices calming down while prices in general stagnate:

imho this will either postpone any fed rate move or it'll make a rate hike super problematic.

1 posted on 07/22/2015 4:13:04 AM PDT by expat_panama
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To: expat_panama

So now’s the time to stock up on snickers bars?


2 posted on 07/22/2015 4:17:54 AM PDT by Greetings_Puny_Humans (I mostly come out at night... mostly.)
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To: expat_panama
On CNN money commodities, they have sugar at 16.79 cents per pound, within the 52-week range of 11.28 to 17.68. This is about 90% at the top of that range.

Gold is at the bottom of its range for the 52-week range.

3 posted on 07/22/2015 4:20:54 AM PDT by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: Greetings_Puny_Humans

Now is the time to end the sugar monopoly and let Americans buy sugar on the open market.


4 posted on 07/22/2015 4:21:16 AM PDT by 1010RD (First, Do No Harm)
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To: 1010RD; A Cyrenian; abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; aposiopetic; Aquamarine; ..

Good morning everyone, it's raining falling prices outside!  Futures see metals today at -1.23% and stock indexes -0.51%.   Whild this may be just another day of profitaking for stocks after yesterday's pullback in mixed trade, metals are in freefall:  gold'n'silver $1,094.92 and $14.85.  If that weren't enough we also got this:

7:00 AM MBA Mortgage Index
9:00 AM FHFA Housing Price Index
10:00 AM Existing Home Sales
10:30 AM Crude Inventories
 


5 posted on 07/22/2015 4:22:30 AM PDT by expat_panama
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To: Greetings_Puny_Humans

“So now’s the time to stock up on snickers bars?”

Apparently Kim Kardasian has been. If she gets any bigger she will be in a tank as Sea World! ;-)


6 posted on 07/22/2015 4:26:55 AM PDT by Average Al
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To: 1010RD

“Kanbo International, the Chinese producer of artificial sweetener Sucralose, has announced plans to push into the North and South American food and beverage market.”

More Chinese chemicals in our food supply. Not a good thing.


7 posted on 07/22/2015 4:27:24 AM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: 1010RD

“Kanbo International, the Chinese producer of artificial sweetener Sucralose, has announced plans to push into the North and South American food and beverage market.”

More Chinese chemicals in our food supply. Not a good thing.


8 posted on 07/22/2015 4:27:24 AM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: C210N
Gold is at the bottom of its range for the 52-week range.

Not anymore...

 


9 posted on 07/22/2015 4:27:59 AM PDT by expat_panama
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To: Soul of the South

I like Chinese food as do most red-blooded Americans.


10 posted on 07/22/2015 4:30:03 AM PDT by 1010RD (First, Do No Harm)
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To: Greetings_Puny_Humans

I read somewhere of a proposed Brazilian ethanol pipeline

Just imagine the possibilities for theft and the ensuing sales of moonshine, white lightening, vodka

rather than candy, the markets will produce ethanol to run automobiles


11 posted on 07/22/2015 4:31:01 AM PDT by bert ((K.E.; N.P.; GOPc.;+12, 73, ..... No peace? then no peace!)
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To: Soul of the South
More Chinese chemicals in our food supply. Not a good thing.

Exactly. It's time to lay off the "diet" foods.

12 posted on 07/22/2015 4:35:36 AM PDT by glorgau
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To: 1010RD

Hard to find good crab Rangoon but there is one place close by. I can take or leave most Chinese food but love the crab Rangoon.


13 posted on 07/22/2015 4:51:03 AM PDT by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: expat_panama

I thought this sugar substance you speak of was banned for the common people in the US along with salt, butter and bacon.


14 posted on 07/22/2015 4:57:34 AM PDT by WinMod70
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To: 1010RD

I like Chinese cuisine, but I will not eat anything that is produced or processed in China. Lord knows what’s in it.


15 posted on 07/22/2015 4:59:52 AM PDT by Bigg Red (Let's put the ship of state on Cruz Control with Ted Cruz.)
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To: WinMod70

you are correct-

But mooochele and barry will allow all the sugar
you can get - IF IT COMES FROM CUBA.


16 posted on 07/22/2015 5:13:18 AM PDT by mj1234
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To: 1010RD

Now is the time to end the sugar monopoly and let Americans buy sugar on the open market.
*********************
That’s CRAZY TALK ,,, that’ll keep bakeries and candy manufacturers from closing down or relocating to Mexico and we can’t have that... (Grupo Bimbo , MEX of course , has taken over the baked goods/bread aisle in American grocery stores because of the sugar import duties here...)


17 posted on 07/22/2015 5:17:36 AM PDT by Neidermeyer ("Our courts should not be collection agencies for crooks." — John Waihee, Governor of Hawaii, 1986-)
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To: expat_panama

Many do not realize the US has a rather large sugar price support program, as do a number of other countries. Worldwide glut of sugar means low market prices and high subsidies. More insanity.


18 posted on 07/22/2015 5:24:03 AM PDT by jjotto ("Ya could look it up!")
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To: jjotto

At the same time the left is ranting about so-called “oil subsidies”. A year or two a buddy of mine complained about it and what it turned out to be is that somebody found some form of oil industry profit that hadn’t been taxed yet —that they were calling that a “subsidy”!


19 posted on 07/22/2015 5:34:34 AM PDT by expat_panama
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To: Neidermeyer

Good point! Plus, what about the environmental benefits from sugar cane farming in Florida? /s

(Sorry about your horse.)


20 posted on 07/22/2015 5:43:32 AM PDT by PlateOfShrimp
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