The big daddy of underground investors, Jim Rogers, says the best way to play this downturn is to focus on commodities and agriculture ETFs (hat tip The Daily Crux). The primary logic behind this play is simple to understand.
Editor’s Note: Corn prices have hit record highs today and commodities expert Kevin Kerr says they are only going higher. High fuel costs are pushing food prices higher. Kevin says the solution is to think locally. Food sources will need to be closer to the final consumers. The old way is simply not sustainable anymore…
Renewed Midwest rains has corn and soybean prices through the roof, reports AP. Corn prices and soybean prices hit all-time highs following more heavy rains in Midwestern states, which left replanted crops once again under water.
Clusterfuck Nation author James Howard Kunstler, writing in The Daily Reckoning Australia, has an apocalyptic view of the future of US agribusiness — based as it is on “cheap oil and cheap natural-gas-based fertizer.” James says it will take a convulsion it will be dragged kicking-and-screaming into a new reality. Meanwhile, Americans are entering a season of food hoarding…