Why Britain’s Going Back To The ’70s
May 20th, 2008 | By Ben Traynor | Category: International InvestingI want to start a collection of these ridiculous “Blame it on the Credit Crunch” stories. So if you see any yourself, I’d be very grateful if you could pass them on to me.
The address to use is fleetstreetdaily@fspinvest.co.uk
Many thanks!
Americans would rather starve than give up driving
“Sandwich Man is early!”
That was the cry from an excited Garry White this morning, as he scurried off to the office kitchen to buy his daily cheese and pickle bap.
Garry is a man who likes his food. But it isn’t just the delectable wares of Sandwich Man that makes Garry’s mouth water. Because for Garry, food has also proven to be an excellent investment.
His agriculture play has shot up 21.2% since he recommended it last November.
Just think of all the sandwiches Garry can buy now!
“So, are you planning to take profits?” I asked
“No chance!” he said.
According to Garry, the bull market in foodstuffs is only just beginning. One reason is that American farmers have abandoned producing food. They now grow crops to make ethanol instead, which is added to gasoline.
It’s all part of George Bush’s strategy to reduce US dependence on foreign oil — and keep American cars on the roads.
But it’s having a major impact on the price of food — and, says Garry, this is why you need food exposure in your portfolio.
Find out how to take advantage of Bush’s short-sightedness by investing in the food boom.
Until tomorrow
Ben TraynorSource: Why Britain’s Going Back To The ’70s
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