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World food prices hit record high
CNN ^ | 2/3/11 | Bryony Jones

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 ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: foodprices; foodsupply; inflation; populationcontrol; preparedness
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To: Toddsterpatriot
My bank recently gave me a 30 year mortgage at 4.75%. Which of the following scenarios is my bank hoping for?

In a world where banks held their notes to maturity and there were no derivatives, then the answer would be 0 to 1%.

Since we are not in that world. I'd venture to say "it matters not" to them.

61 posted on 02/07/2011 11:43:32 AM PST by NeoCaveman (Touch my tagline and I'll have you arrested)
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To: servantoftheservant
The key word is 'SOON'. It communicates a prediction that China & Japan will decrease their holdings of Treasuries while the Fed's holdings increase.

Soon? Doesn't sound like a very precise prediction. I didn't see anything in the article about anyone decreasing their holdings. Maybe you were reading something else?

62 posted on 02/07/2011 11:44:02 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: NeoCaveman
Since we are not in that world. I'd venture to say "it matters not" to them.

That's an interesting claim. If no banks held any mortgages, no banks would be losing money on real estate.

Is that the case?

63 posted on 02/07/2011 11:46:14 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
I wouldn't say they never hold any

But it's close

Source http://www.frbsf.org/publications/economics/letter/2009/el2009-33.html

64 posted on 02/07/2011 12:22:27 PM PST by NeoCaveman (Touch my tagline and I'll have you arrested)
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To: NeoCaveman
Thanks for the link. Some good stuff in there.

Like this......

According to Federal Reserve flow of funds data, the banking institution share of total mortgage assets declined from a peak of about 75% in the mid-1970s to about 35% in 2008.

65 posted on 02/07/2011 12:31:02 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
Your mother let you out of the basement to use the computer, ToddyTroll?

I noticed that you folded up like a cheap puptent the other night when it was past your bedtime. **snicker**

66 posted on 02/07/2011 1:22:44 PM PST by kiryandil
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To: kiryandil
What's wrong, kiryandildo?

Realized how stupid your inflation claim was?

67 posted on 02/07/2011 1:26:59 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: NeoCaveman
The problem with discussing anything serious with the Toddster is that he plays completely ignorant about stuff like MBS offerings & the MERS strategy of the Banksters.

He doesn't seem to understand the implications of a bank holding a HELOC second on an underwater and perhaps non-performing first mortgage held by somebody else.

People try to be patient with the insults, snide imputations and the screaming about "math", but the trolling gets old.

Nice chart on the new loan originations market share, BTW.

68 posted on 02/07/2011 1:32:40 PM PST by kiryandil
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To: Toddsterpatriot
Somebody else on this thread told you to "lighten up a bit".

Too bad you didn't take his advice...

69 posted on 02/07/2011 1:34:20 PM PST by kiryandil
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To: kiryandil
He doesn't seem to understand the implications of a bank holding a HELOC second on an underwater and perhaps non-performing first mortgage held by somebody else.

He doesn't get that said HELOC should be marked to zero?

70 posted on 02/07/2011 1:37:59 PM PST by NeoCaveman (Touch my tagline and I'll have you arrested)
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To: kiryandil

Maybe you should ask somebody else on this thread what happens to bond values when interest rates rise?


71 posted on 02/07/2011 1:42:51 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
Hey Toodd, tens of millions has lost their jobs, investments, homes, assets, businesses etc...The American economy is all but dead on the floor, prices are going through the roof, our borders are a lawless violent bad joke, the wheels are coming off our foreign policies after spending trillions in foreign aid....

So how did your global, one world order, free trade economy work out for America Todd?

It's really on fire huh?

72 posted on 02/07/2011 1:49:28 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2

You feel we need bigger government to fix those problems. You must be thrilled with Obama huh?


73 posted on 02/07/2011 1:51:50 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
You feel we need bigger government

Yeah todd....I'm a real big pro government guy...LOL!

I can tell, you graduated with honors from the Tokyo Rose school of propaganda...

As usual, thanks for the laugh, Todd.

74 posted on 02/07/2011 1:56:23 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2
Yeah todd....I'm a real big pro government guy...LOL!

You're the one who wants more government interference in trade.

Perhaps if we had less government interference in the housing market as well as in world trade, we could have avoided these issues.

As usual, thanks for the laugh, Todd.

Right back atcha.

75 posted on 02/07/2011 2:00:58 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: dragnet2

I’m reading what the ToddsterpatrioTroll posted about you & your views, and I can tell without even bothering to check that he just made it all up.


76 posted on 02/07/2011 2:26:42 PM PST by kiryandil
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To: kiryandil
You'll note he evaded my questions, then alleged I am pro-big gov.....lol...

Look closely, it's typical of those that are deceitful, to evade questions, and or answer a questions with a question...Instead of an answer...

I am intimately aware of the well worn patterns of those that practice to deceive.

77 posted on 02/07/2011 2:40:17 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2
I am intimately aware of the well worn patterns of those that practice to deceive.

Free Republic class of '98 experience will do that to you. :-)

78 posted on 02/07/2011 2:42:37 PM PST by kiryandil
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To: Plumberman27
it occurred to us that there wouldn’t BE world hunger,
if you people would LIVE WHERE THE FOOD IS! YOU LIVE IN A DESERT!

YOU LIVE IN A FN DESERT! NOTHING GROWS OUT HERE! NOTHING’S GONNA GROW OUT HERE!
YOU SEE THIS? HUH? THIS IS SAND.

79 posted on 02/07/2011 2:52:14 PM PST by MaxMax
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