Food price inflation is set to continue, according to a recently released UN report on food prices. This from CNN:

World food prices will fall from current peaks in the coming years but will remain “substantially above” average levels from the past decade.

The world’s poorest nations are most vulnerable — particularly the urban poor in food-importing countries — and will require increased humanitarian aid to stave off hunger and undernourishment, a joint agricultural outlook by the Organization for Economic Cooperation and Development and the U.N. Food and Agriculture Organization said.

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CNN has made some wonderfully optimistic stock market predictions today.

Of course, upbeat stock market predictions is what CNN and the rest of the mainstream financial press are all about — making Americans feel that all is well in the world, that the stock market and the US economy are ultimately benign forces, always and forever about to pick up.

Oddly, given some of the more pessimistic and, dare we say it, more informed predictions about the state of the US economy, CNN’s has made every effort to put a positive spin on its market predictions