Posted on 02/03/2011 10:10:03 PM PST by Kartographer
World food prices rose to an all-time high in January, according to the UN's Food and Agriculture Organization (FAO).
The FAO's Food Price Index measures the cost of a basket of basic food supplies -- sugar, cereals, dairy, oils and fats and meat -- across the globe.
The index rose by 3.4% in January -- the seventh monthly increase in a row -- to its highest level since records began in 1990.
The cost of sugar, cereals, dairy and oils and fats all went up last month, while meat prices remained steady.
FAO economist Abdolreza Abbassian said high prices were likely to persist in the months to come.
Rising commodities costs are one of the major factors behind a growing wave of civil unrest across the Middle East and North Africa.
(Excerpt) Read more at cnn.com ...
You LIED now everyone can see how you are. Your constant harassment will do you no good. I’m beginning to wonder if your dangerous instead of just a pain.
“By June [the Fed] will have accumulated some $1,600bn of Treasury securities, likely tobe in the vicinity of China and Japan’s combined holdings,” Richard Gilhooly, a strategist at TD Securities, told FT.
As we can see from this, the Mighty Todd's "math" ASSumes that China and/or Japan will NOT reduce their holdings while the US is increasing theirs over the course of the next 4-5 months. **snicker**
Don't bother with him, he likes to King of the FR economic sandbox, and is askeert of the places like Zero Hedge and the Ticker forums where he get schooled right quick.
So, you know for a fact that in June, China and Japan combined will have 1773bn of Treasury securities?
You should trade that knowledge. It's like being able to know the winner of the Super Bowl this Sunday. You'll be able to make a killing...
No. Do you know for a fact that 1773 is larger than 1600?
I get it - you’re a joke.
If the link you posted earlier is an example of the typical post on Ticker Forum, you're right, I'm scared of the idiocy.
Which means that he feels that he knows the future.
Which means that he either DOES know the future, or he's a troll.
The Obama Administration did a study - found that seniors don't eat food like other humans - they take sustenance from the air... Higher food prices won't effect them.
Translation: little Toddsterpatriotroll is comfortable in his safe little FR sandbox.
Come on, ToddTroll - go dazzle 'em with your brilliance. You should have 'em schooled about how "banks don't profit from inflation" and how "banks aren't getting a benefit from having cash instead of bonds which paid interest" in just a few minutes.
You need to lighten up a bit.
I try not to bother with him but he is relentless a lot of times he comes on threads later and just goes on and on replying to me even if I don’t reply back. It’s become almost an every day thing.
He started calling me names a while back and then he would say he wasn’t referring to me even though it was in a reply to me and there for everyone to see. I believe he thinks that’s a way to get away with it.
I’m sick of him and his lies and harassment. If he can dish it out I figured he should be able to take it and now I refer to him as Troll or Timmy. He makes up things just like he did here and then claims I said them and as you can see even when caught in a lie he’s not man enough to apologize for lying.
I’ve told him lots of times to go away but it doesn’t seem to register. He seems to be a stalker but I’m not about to be his victim.
Why don’t you wander over to the Ticker Forum, sign up, and set that fool Denninger straight?
He’ll eat you for lunch and pick his teeth with the shards of your femurs.
I'd be surprised if Denninger wrote something like that. Or if he thought that 1600 was larger than 1773. Or if he thought that banks profit from inflation.
Denninger and the Dennizens of Ticker forum also think that banks profit from inflation, specifically, the attempted re-flation of the deflating housing market. It's the only way the Too Big To Prosecute Banks & the Bernank can get the garbage mortgages back to the point where they can put them back on their books.
Also, Denninger doesn't believe that he knows what the total June 2011 treasury holdings of China & Japan will be, unlike others who shall not be named...
My bank recently gave me a 30 year mortgage at 4.75%. Which of the following scenarios is my bank hoping for?
Over the next 30 years, inflation is 0% - 1% annually.
Over the next 30 years, inflation is 5% - 6% annually.
Over the next 30 years, inflation is 10% - 11% annually.
Over the next 30 years, inflation is 15% - 16% annually.
Also, Denninger doesn't believe that he knows what the total June 2011 treasury holdings of China & Japan will be, unlike others who shall not be named...
You mean Robert Wenzel who wrote "Fed Passes China in Treasury Holdings (Soon Fed will hold more than China and Japan Combined)"
Go bother somebody else with your baseless swill & tripe.
The key word is 'SOON'. It communicates a prediction that China & Japan will decrease their holdings of Treasuries while the Fed's holdings increase. Sometimes securities strategists predict stuff, and articles are written.
You can debate about the merits of the prediction, but getting caught up in a 'gotcha' on basic addition is pretty disingenuous. Unless you suck at reading comprehension.
It appears that Denninger believes they do. If you agree with Denniger, please explain how they profit.
Especially by people who can't add, subtract or multiply.
Why don't you ask your investment advisor how inflation is good for your bond holdings?
Go bother somebody else with your baseless swill & tripe.
Run away, clown.
Denninger and the Dennizens of Ticker forum also think that banks profit from inflation, specifically, the attempted re-flation of the deflating housing market. It's the only way the Too Big To Prosecute Banks & the Bernank can get the garbage mortgages back to the point where they can put them back on their books.
You understand that the Too Big To Prosecute Banks have a giant smoking hole on their balance sheets where the bad mortgage firsts & the bad HELOC seconds should be, except that the TBTPs arm-twisted CONgress into allowing them to mark-to-fantasy for a while, and that fantasy accounting has now been made permanent?
So, the banks NEED inflation to get the mortgage prices back up where they were during the Housing Bubble, so they can offload the trash to new bagholders. So, inflation is GOOD for bank profits.
I'm a Dennizen of the Ticker forums, BTW.
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