Consumer Price Indexes May Lie
May 17th, 2008 | By Bill Bonner | Category: Politics & EconomicsPeople are starting to question the readings of consumer price indices.
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People are starting to question the readings of consumer price indices.
Corn stocks are expected to plunge to a 13-year low, according to the US Department of Agriculture, setting up a great play in a little-known livestock ETF.
MarketWatch reports that corn stocks are set to suffer because US farmers are cutting back corn acreage this spring to grow more soybeans.
Corn futures for July delivery today closed down 1 cent at $6.2925 a bushel. The contract had ended Thursday’s session at $6.3025 a bushel, an all-time high.
What countries are truly the have and have nots of the world? Good friend and business partner Niels Jensen of Absolute Return Partners suggests we look at the old equation in a new way? Food and energy resources may be at least part of the definition in the future.
Falling house prices, tighter credit and rising prices are going to hurt consumers.
A livestock ETF may not sound like a sexy investment, but it may be a great way to profit from high grain and livestock prices.
AP reports that grain prices ended mixed last week on the Chicago Board of Trade. However, livestock prices rose, with beef and pork futures climbing on the Chicago Mercantile Exchange — a strong indicator that a livestock ETF may be a great way to cash in on the ongoing surge in food prices.
And regardless of how many ‘nightmares’ anybody’s lawyer says his client has had as a result of an alleged ‘hostile work environment’, the real nightmare is knowing that inflation in prices generally follows inflation in the money supply.
China: bigger, faster, stronger…the world’s up-and-comer does have some trouble on the way. More and more people competing for the world’s resources. The Chinese work their way up the ladder, as Americans work their way down…and more!
Do you think the consumer price index understates the real cost of living? Well then, the New York Times says you buy into “conspiracy theories.”
Whether his travels take our commodities guru, Kevin Kerr, to the Middle East or the Midwest of the U.S., the stories are very similar. Most people are concerned about the rising costs of agricultural commodities. And they should be. The commodity boom is real.
Up, down…up, down – what’s the economy telling us?…a look at an endangered species. Rising price of food forces millions of Americans on to food stamps…you may be able to print your way out of a recession – but you can’t mint your way out…and more!