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Food Inflation To Surge, Goldman Warns

Tyler Durden's picture


We have been very active in our discussions of the impact of the pending rise in food prices around the world (from central bank largesse to weather-related chaos). As Goldman notes, food inflation has been one of the most significant sources of headline inflation variation in emerging markets (EM) over the past few years. Since June, international prices for agricultural commodities have risen almost 30%, increasing the risk of fresh, food-related increases to EM headline inflation. We, like Goldman, expect EM headline inflation to start to reflect the relevant pressures more broadly in the October prints at the latest. While the effects, for now, are expected to be less extreme than the 2010-2011 episode, the timing as the US enters its fiscal-cliff-prone malaise, could mean a further round of easing will reignite this critical inflationary concern.



Via Goldman Sachs, Food prices: A key driver of EM inflation

Swings in food prices have important implications for overall inflation in emerging markets. Since 2007, we have observed substantial shifts in food inflation, which in turn have triggered significant contemporaneous volatility in EM headline inflation (see Exhibit 1).

Food inflation has a strong impact on overall EM inflation for two reasons:

  • In lower per-capita GDP economies, households necessarily dedicate a larger portion of their disposable income to inelastic goods such as food. As such, food makes up a larger share of the consumer basket. The average inflation share for food items in EMs is generally larger than that for the G10 countries (25% vs 15% respectively, on average). In order to capture the joint effect of the weight, the relative variation of food vs non-food inflation and the potential correlation between food and non-food items, we run univariate regressions of food on headline inflation. The R-squareds are typically higher on average for EMs (42%) than for G10 economies (33% respectively, Exhibit 2).

  • Food prices have been highly volatile since 2007 globally. We have observed very large spikes in international prices for agricultural commodities (proxied by the S&P GSCI® Agricultural Index) in 2008, 2011 and more recently in June 2012. Such global price shifts typically also tend to be reflected in local food inflation. Exhibit 3 shows the co-movement between international food prices and an equally weighted average of food inflation rates across emerging markets. International food prices have tended to lead local food inflation by a few months (approximately four months on average).


Following a significant increase in 2010, aggregate EM food inflation peaked in 2011 and has contributed to an overall moderation in EM headline inflation since. But EM food inflation has recently shown tentative signs of a trough and, at the country level, there is variation in the recent path of food inflation. China, Korea and Indonesia have seen the largest falls in food inflation from their 2011 peak. However, in countries such as Taiwan, Mexico and the Czech Republic, yoy food inflation has picked up and is currently hovering at higher levels than in 2011.

This bottoming-out of EM food inflation has coincided with a significant spike in international agricultural commodity prices. In June and July this year, the S&P GSCI® Agricultural Index rose almost 40%, to levels last seen in August 2011, and roughly speaking has remained there since. Should this spike persist, we would expect to see food inflation pick up across EM once again.

Here we argue that food price pressures will boost EM headline inflation by October at the latest. However, we do not expect EM CPI to exceed 2011 levels (in yoy terms). This is because we expect the increase in food prices to be smaller and less broad-based, and because non-food inflation is running at a slower pace currently. Moreover, we find evidence that the pass-through from international to local food prices has declined, something that first became visible in 2010.

Food price outlook – new highs expected

Agricultural commodity prices have exhibited substantial swings in the past few years. On the demand side, rapid income growth in EM economies has supported overall demand for agricultural products. Along with the broader increase in agricultural commodity demand, increased consumption of meat products has led to higher meat production and, in turn, higher demand for livestock feed. Lastly, high energy prices also boost food demand via the substitution process between conventional fuel and biofuel.

Given this backdrop of elevated demand for agricultural commodities, the response in food supply conditions becomes the key to analysing price movements. Volatility in weather patterns and crops has helped trigger substantial inventory shortages and price spikes such as those experienced in 2008, 2011 and more recently in June 2012.


The current spike has come in response to the summer drought in the US Midwest, which was one of the worst in the past century. In addition, a wide set of agricultural commodity producing countries have experienced adverse weather conditions (such as Brazil and Argentina in the past winter, and Russia, Ukraine, Kazakhstan and India). Damien Courvalin from our Commodities Strategy Team points out that these disruptions have caused substantial losses in global food supply (see Agriculture Update: ‘Severe US Drought to Push Corn and Soybean Prices to New Highs’, July 23, 2012).

The supply loss is concentrated in wheat, corn and soybeans, which jointly account for 70% of world agricultural production. In contrast, rice remains largely unaffected.

Despite the resulting 40% spike in the S&P GSCI® Agricultural Index between mid-June and mid-July, demand for agricultural commodities has remained robust. The net result has been a decline in inventories, with the USDA’s September 1 stocks of corn and wheat well below expectations, as Damien highlights in Agriculture Update: ‘Crop prices to recover on tight supplies with corn outperforming’, September 30, 2012.

Our Commodities Strategy team expect demand to remain resilient and supply to remain binding, leading soybean and corn prices to new highs in the coming months. Higher prices will eventually be followed by a supply response, and if weather returns to normal, we should expect a large crop in South America (harvested next spring) and in the US (harvested next autumn). In the interim, prices are likely to remain high.

However, there is a clear weather dependency to this assessment; further weather adversity is likely to pose further upside risks to food prices. To address the binary nature of the food price outlook, our Commodities Strategy team provided us with two scenarios:

  • The ‘favourable’ weather scenario, in which larger harvests in South America and the US serve to moderate agricultural prices following the initial increase. In this scenario, a basket of corn, wheat and soybeans sees year-on-year price changes of 46%, 16% and -21% in 3, 6 and 12 months respectively.
  • The ‘moderately adverse’ weather scenario, in which supply tightness intensifies due to less favourable weather in South America, pushing prices to a higher peak over the coming months. In this scenario, the basket of corn, wheat and soybeans increases 65%, 41% and 1% in 3, 6 and 12 months respectively.

Exhibit 4 shows the equivalent paths corresponding to each of the two scenarios of price developments in the corn, wheat and soy basket. In both scenarios, the S&P GSCI® Agricultural Index reaches new highs in the months ahead and declines one year out. The peak is, of course, higher in the adverse scenario, as is the trough 12 months out. The decline following the initial spike is also more gradual in the adverse scenario, while the final levels remain very close to the previous (2011) highs. It is worth pointing out that this scenario analysis is only meant as an illustration of the broader argument, rather than a precise forecasting exercise.

Evidence of a moderation in the pass-through to EM inflation

To translate our scenarios for international food prices into local food price trends for emerging markets, we need an estimate of the relationship between the two variables. As mentioned earlier, large shifts in global food prices have tended to show up systematically in local food inflation. Moreover, local food prices are typically stickier and slower to respond to shocks in global agricultural prices, which creates a lag between the two.

To map international food prices onto local food prices, we follow the framework we introduced in Global Economics Weekly 11/13, June 6, 2011. We regress changes in the S&P GSCI® Agricultural Index on changes in an equally weighted average of food CPI components from key EMs. To avoid issues of seasonality and excessive near-term volatility, we look at year-over-year percentage changes in the two variables. Lastly, we examine different lags in international food prices to find the type of structure that offers the highest explanatory power. As in our previous analysis, we find a strong correlation between international and local food prices (an R-squared of 40%), with international food prices feeding through to local food prices with the highest explanatory power at a four-month lag (with a five-month lag a very close second).

We estimate the historical sensitivity of local to international food prices at around 0.058, which implies that a 10ppt increase in international food prices would tend to raise our proxy of EM local food inflation by 58bp. Interestingly, this is 20% lower than our estimate from one year ago, of 0.073. This is further evidence for our suggestion from last year that EM CPIs appear to be displaying a lower sensitivity to global food price shocks. This could be due to a number of reasons, such as the temporary nature of the shocks, the softening in global demand dynamics leading to less broad-based price pressures, or the larger capacity of EM authorities to respond to food price volatility and smooth such shocks. It will be interesting to observe whether the pass-through declines further this time too.

In our previous analysis, we also examined two alternative scenarios for food prices: one that assumed that normal weather conditions persist and one that assumed that adverse weather conditions push food items significantly higher. Based on those scenarios (combined with our pass-through estimates), we projected ranges of outcomes for the forward path of our EM food inflation aggregate. Finally, we translated those paths into EM headline inflation projections by keeping the rate of inflation for non-food CPI in EM economies constant.

To check whether this approach is robust using out-of-sample data, we contrast the actual path of EM inflation with the scenarios developed in April 2011. We see that over the last year EM headline inflation has hovered between our moderate and our adverse scenario (see Exhibit 5). This confirms our ex ante assumption that food inflation would remain the most important determinant of EM headline inflation, and also provides a level of comfort that our estimation approach and results are fairly sensible. It broadly confirmed our estimates for a lag of about four months in international food prices feeding through to EM inflation rates on aggregate.

EM inflation set to increase more moderately than in 2010-11

With our two scenarios for international food prices, and our updated pass-through coefficient, we can now calculate two potential paths for EM food inflation. Using these, we then turn to estimating the impact of EM food inflation to EM headline inflation. To do this, we use the relevant food weights to split EM headline inflation into a food and an ex-food component. We then assume that EM inflation ex-food continues to grow at the current pace and we add the weighted path of food inflation to project the headline rate. We find:

  • Relative to the latest available inflation data (August), there may be further downside to aggregate EM headline inflation due to food contributions. The impact of base effects and the relevant lags between international and local food prices imply that we may need to wait until the full set of October inflation prints are out to fully confirm the beginning of the systematic pick-up in EM food inflation.
  • From October onwards inflation starts to rise and peaks, on a year-over-year basis, in March 2013, i.e., 40-60bp above current levels and 80bp-100bp above the projected trough. After March 2013, inflation starts to decline. The pace of the decline will depend on future weather conditions. A moderate weather environment would lead to a quicker and deeper normalisation in EM inflation.
  • Our projections suggest the peak in headline inflation will be lower than the 2011 food price spike episode, at between 4.6% and 4.8%yoy depending on weather conditions, compared with 5.1% in mid 2011. This is mostly because the food price increase itself is projected to be somewhat smaller for international food prices on aggregate and in annual terms, and to be less broad-based (focused on wheat, corn and soy). In addition, non-food inflation rates in the first half of 2011, when EM headline inflation peaked, were slightly higher (about 20bp on average) relative to the current annual pace of non-food inflation.


There are three key risks around these conclusions.

  • Timing appears to be more uncertain this time around. As mentioned earlier, there are signs across a number of EMs that food inflation is already picking up. This may mean that the lag estimate of four months in the pass-through from international to local food prices may be too lengthy this time around. In turn, this means that EM food inflation is likely to pick up sooner than October.
  • Relative to the last food price spike in 2011, this analysis may be less applicable to Asian economies. This is chiefly because of the much more stable price developments in rice. To some extent our analysis takes this into account; as mentioned earlier, we map the corresponding shifts in the corn, wheat and soy basket on broader shifts in the S&P GSCI® Agricultural Index. And this is, in part, the reason why the size of the shock in aggregate international prices is smaller. However, we are conscious that we run our exercise on a high level of aggregation, which does not allow for more precise adjustments along those lines.
  • The uncertainty in non-food inflation may be high in the months ahead. Oil prices are expected to recover from current lows but a lot will depend on the pace of global demand and developments in geopolitical risks. Moreover, there is a degree of co-movement between food inflation and core inflation across several EMs, which may pose upside risks to our stable current non-food inflation assumption. Finally, core inflation may exhibit a high degree of variation across emerging markets. We are coming out of a period of softening growth in EM economies which could dampen headline inflation prospects. That said, many EM economies continue to run at high rates of capacity utilisation and experience persistent inflation inertia.

Note that these assessments do not constitute an inflation forecasting exercise but rather an illustration of likely paths for food-driven EM inflation on aggregate. There are, of course, local particularities that may create deviations from such assessments on a regional or country level. Our Asia and CEEMEA Economics research team have also done quantitative work projecting the likely impact of higher food prices on local CPIs. Reassuringly, their findings are broadly consistent with ours; in CEEMEA, our economists expect a 50bp-100bp upside contribution to headline inflation, mostly due to higher food prices but also accounting for the impact of energy prices. In Asia, our economists expect food inflation to add 100bp to local inflation.

EM currencies to benefit

Given the significance of food inflation for overall headline inflation levels and the linkages between food and non-food inflation recorded in the past, EM central banks are unlikely to fully dismiss food price volatility as a temporary and mean reverting phenomenon. Instead, they are likely to respond by tightening monetary conditions either via guidance (a more hawkish stance) or via currency strength (to curtail price pressures on imported food items), or even via higher policy rates. As international food prices are available in high frequency, markets are likely to anticipate these shifts to some extent. Given, however, that ex ante market assessments are conditioned on a number of underlying macro developments, shifts are likely to be priced only partially.

Therefore, it is reasonable to expect market shifts to occur as EM food inflation pushes headline inflation up and EM policy makers react proportionally. Overall, higher headline inflation in EMs is broadly consistent with higher front-end rates (or rate expectations), flatter EM curves and currency strength. To confirm this intuition, we run a simple cross-asset event study of the last three food inflation spikes: 2004, 2007-08 and 2010-11 (Exhibit 7). We examine the average impact of food-driven headline inflation on EM curves and currencies, and also look at equity market behaviour.

More specifically, to proxy for shifts in near-term interest rate expectations, we look at the change in 1-year rates 1-year forward relative to the US (to account for global shifts in fixed income markets). We also look at shifts in the spread between 5-year and 2-year EM rates relative to the US to proxy for shifts in the broader shape of the curve. Lastly, we examine average EM FX returns vs the USD and average EM equity performance vs the SPX. Arguably, it is hard to rely on such small sample assessments and cross-EM averages, but it is interesting that our results generally confirm our macro intuition:

  • Typically, 1-year 1-year forwards tend to increase on average, albeit by a small amount, while EM curves flatten significantly in only two of the three episodes.
  • EM currencies appreciated strongly vis à vis the USD during the last two food inflation spike episodes and were flat in the first episode under study.
  • Interestingly, EM equities outperformed the SPX in all three episodes. It is hard to argue that such a negative supply shock can be linked to benign equity market trends. Indeed, in absolute terms, equities fell in two of the three spikes. The relative outperformance may be due to stronger EM growth vs G10 in our sample.

Hard as it may be to draw firm conclusions from a limited sample, EM FX vs USD strength appears to be the clearer tradable result of EM food inflation pressures. Forward rate expectations have also tended to pick up, albeit to a small extent, while curve flattening is less obvious. Lastly, it is not clear if we will observe a repeat of the relative EM equity strength we saw in the past given the current mixed cyclical backdrop across different EMs.


Source: Goldman Sachs


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Wed, 10/10/2012 - 22:05 | 2876755 fonzannoon
fonzannoon's picture

these assholes may get one right after all

Wed, 10/10/2012 - 22:17 | 2876785 markmotive
markmotive's picture

When the shit hits the fan, all citizens need to know how to grow their own food. Only way to survive.

Call it armaggeddon arbitrage.

Wed, 10/10/2012 - 22:44 | 2876841 Zap Powerz
Zap Powerz's picture

Why grow your own food when all you have to do is wait for the first of the month when your EBT card gets recharged and you can go to where food comes from (the grocery store) and buy all the food you want and then some?

You see, food inflation only matters if you are using your money to buy food.  When you are using OPM, there is no such thing as inflation.

Wed, 10/10/2012 - 22:45 | 2876844 NewThor
NewThor's picture

So this means there will be a correction in commodities?

Wed, 10/10/2012 - 23:44 | 2876892 Richard Chesler
Richard Chesler's picture


Food inflation has been going on since the banksters intalled the current puppet-in-chief. Anyone trading based on Goldman's public analysis is by definition, a muppet.


Thu, 10/11/2012 - 06:29 | 2877226 Thomas
Thomas's picture

As an aside, for those who might wonder, my Avatar is "Mercury Girl", a Harvard grad who did the Mercury car commercials. She was considered to be so hot that she was distracting the viewer from the message:

Thu, 10/11/2012 - 07:27 | 2877285 Colombian Gringo
Colombian Gringo's picture

My suggestion to solving the food crisis is to eat a Bankster.  Most of them are eugencists so they will understand and we have too many of them anyways.

Thu, 10/11/2012 - 08:47 | 2877436 Bendromeda Strain
Bendromeda Strain's picture

Jill Wagner > N.C. State

Thu, 10/11/2012 - 07:20 | 2877274 Disenchanted
Disenchanted's picture



We all lived in the land of sweetness and light and the all mighty dollar prior to Obama becoming President.


yeah, right...

Mon, 10/15/2012 - 16:37 | 2891834 Siniverisyys
Siniverisyys's picture

Or maybe food (and every kind of) inflation has been going on for decades. Perhaps the noticeable effects of inflation have been mitigated by continuous productivity improvements. Theft unseen.

Thu, 10/11/2012 - 00:47 | 2877038 greensnacks
greensnacks's picture

Turkeys will be expensive this year.


Zacky Farms files for bankruptcy, blames feed prices

Thu, 10/11/2012 - 05:04 | 2877163 mrdenis
mrdenis's picture

What ..can't you feed them i pods ?

Thu, 10/11/2012 - 05:50 | 2877190 Thomas
Thomas's picture

Those pinheads at Goldman have to get copies of Strunk and White. What the heck is food inflation? Is that like bread with yeast in it or a swelling piece of rotten fruit? Also, by calling it food inflation it takes the onus off the Goldman guys running the central banks. It's just inflation as reflected in the price of food. Of course, whenever it becomes obvious that's what it is, you guys remove it from the inflation metrics. In my opinion, most central bankers should be doing jail time on racketeering charges. I would hurl Geithner in there. (It would be the one really excellent use of NDAA; waterboard the bastard.) 

I'm a little pissed off this AM; couldn't sleep. Got up at 3:30 AM after going to bed at 12:30 AM. So screw it: today is Rail on the Machine Day.

Thu, 10/11/2012 - 06:02 | 2877202 Popo
Popo's picture

Exactly right.  Rising prices are rising prices.  Even more annoying is the sight of mainstream media pundits applauding rises in housing prices -- as if that's not "inflation" too.  

Thu, 10/11/2012 - 07:07 | 2877260 Disenchanted
Disenchanted's picture



food inflation or fiat fractional reserve currency deflation(devaluation)??

Thu, 10/11/2012 - 05:55 | 2877191 Thomas
Thomas's picture


Thu, 10/11/2012 - 05:48 | 2877186 Monedas
Monedas's picture

"A thousand points of light !"....George Bush 41                     "A thousand points of purchase !"....Barack "EBT" Obama 

Thu, 10/11/2012 - 06:23 | 2877223 Gully Foyle
Gully Foyle's picture


I've been scoping my neighbors out for years. I know which women to work and which to keep for the harem.

Men. being a threat to my kingdom, will be destroyed on sight.

Thu, 10/11/2012 - 06:42 | 2877231 Ghordius
Ghordius's picture

"destroyed"? why this strange political correctness? the correct word is "killed". if you want to be king, talk like a king

Thu, 10/11/2012 - 08:18 | 2877359 Watauga
Watauga's picture

Just print more food stamps.

Wed, 10/10/2012 - 22:19 | 2876789 Skateboarder
Skateboarder's picture

Weather plays a large part in it, but so does middleman fuckery. Especially in EMs, you'll see middlemen buying low, hoarding, and selling high. Of course it can't be pushed too far with perishables, but goodness, onions went up fivefold in India around 2010 when a shortage was artifically created.

Wed, 10/10/2012 - 22:31 | 2876816 CPL
CPL's picture


They might want to revise that chart again.  The Southern bread basket has been obliterated.  Sometimes crying wolf too much puts you in position of being accidentally right.

Thu, 10/11/2012 - 00:06 | 2876960 hedgeless_horseman
hedgeless_horseman's picture



The Southern bread basket has been obliterated.

Really?  Our sweet potatoes did great!  Tonight, we had sweet potato gnocchi with a red sauce consisting of our grass-fed beef, onions, peppers, tomatoes, garlic, oregano, and red wine.  A fresh italian salad from our garden, on the side, and all the cold-raw-whole milk from our Shorthorn we can drink.

Same low price we've been paying for to nothing.

Don't believe NASA weather.  If they lied about the moon landings, they will lie about anything.  Don't forget to take you tinfoil hat off at the dinner table.  

God bless, and good night.

Thu, 10/11/2012 - 00:14 | 2877005 kekekekekekeke
kekekekekekeke's picture

some douchebag on here got real huffy with me too when I suggested the moon landings didn't happen


think about it for two seconds it doesn't make sense

Thu, 10/11/2012 - 03:01 | 2877107 cpzimmon
cpzimmon's picture

Im a ZH junkie.But some ZH junkies are just too much. 

Moon landing didn't happen. 9/11 an inside job. I simply cannot go that far.

Thu, 10/11/2012 - 05:54 | 2877193 Thomas
Thomas's picture

I can go to 9/11. Acquaintance who spent four years at Treasury (after years on Wall Street) chasing terrorist money trails says they kept chasing money trails, they would lead places having nothing to do with the Middle East, and then some command from above would tell them to back off. I give the 9/11 inside job thesis a probability that, although not high, is still disturbingly too high.

Thu, 10/11/2012 - 06:51 | 2877232 malikai
malikai's picture

It doesn't have to be planned and executed by insiders. One just has to ensure that the 'protections' fail at the appropriate time. Perl Harbor comes to mind.

The bonus is that there will be an inevitable windfall when the 'solutions' are adopted.

James Scott talks about how state failures are often by design in order to perpetuate the state's growth in Seeing Like a State. War or High Modernism - diferent subjects, same application.

Thu, 10/11/2012 - 08:55 | 2877476 Urban Redneck
Urban Redneck's picture

What should be more scary to the average citizen is that prior to 9/11, there were certain and known parties in the intelligence infrastructure who would had to sign off on allocation of resources and cash (this doesn't apply to rogues working w/ foreign powers to supply those resources or cash).  However, after 9/11 the massive expansion of people, departments, dollars makes it significantly easier for groups within the leviathan to cover their tracks and operate without oversight.

Thu, 10/11/2012 - 06:58 | 2877247 Cloud9.5
Cloud9.5's picture

Had the landings not happened, the Soviets would have been happy to point it out at the time.  Lest you forget, we were blowing the crap out of Vietnam and killing Soviet and Chinese advisors at the time.

Thu, 10/11/2012 - 08:21 | 2877365 malikai
malikai's picture

Indeed. It would be quite profitable politically to disprove those landings at the time.

Thu, 10/11/2012 - 03:03 | 2877109 SilverRhino
SilverRhino's picture

What part about landing on the moon doesn't make sense?

Thu, 10/11/2012 - 05:58 | 2877197 Monedas
Monedas's picture

ABM defense is like shooting down a 22cal bullet with another !       I didn't know they had that technology in 1963 when Oswald's bullet was kissed in middle of JFK's moving brain by grassy knoll bullet !?         UFOs suddenly get shy as world arms itself with video cams ?     Lunar Landing soundstage burns up in Burbank back lot studio fire !      Socialists and Conspiracy wacko's have so much in common .... they're stupid !

Thu, 10/11/2012 - 06:24 | 2877224 Gully Foyle
Gully Foyle's picture


The part where you can't bitch about it being fake.

Thu, 10/11/2012 - 07:01 | 2877254 General Decline
General Decline's picture

"What part about landing on the moon doesn't make sense?"

Lack of a blast crater under the lander

Thu, 10/11/2012 - 00:36 | 2877030 Skateboarder
Skateboarder's picture

Good deal, HH - that looks like a fantastic dinner. Completely homemade/homesourced too. Sure it takes a fair amount of time and a lot of hard work, but every real meal you have makes being on this planet a pleasure.

Cheers friend. ¡Salud!

Thu, 10/11/2012 - 01:23 | 2877061 RiotActing
RiotActing's picture

Yeah we'll see how well all that shit grows when Monsanto is done fucking up your soil... you smug son of a bitch...


Thu, 10/11/2012 - 05:38 | 2877165 zhandax
zhandax's picture

You, sir, can politely go fuck yourself.  For the remaining thinking type around here; these charts could almost make me believe that 'sterilized' easing (i.e.Op twist, or selling an amount of short-dated securities equal to purchases of long-dated securities) does not cause US exported food inflation while 'raw' LSAPs do.  What am I missing here other than pure dilution of dollar value by increased supply in the LSAPs?

Thu, 10/11/2012 - 04:49 | 2877151 Acet
Acet's picture

HH you've made your point, but you didn't need to go all evil and post an actual picture of it.

I'm going to be thinking of good food the rest of the day: thanks a lot!!!

Thu, 10/11/2012 - 05:49 | 2877187 Wile-E-Coyote
Wile-E-Coyote's picture

Well I hope you washed that salad. Turn off the lights and see if it glows............. just to make sure............. Ah same goes for the milk.

Wed, 10/10/2012 - 22:30 | 2876817 SilverRhino
SilverRhino's picture

Garlic bulbs are roughly 10 times what they were a few years ago based on my anecdotal price comparisons.

Wed, 10/10/2012 - 22:33 | 2876824 CPL
CPL's picture

There's a fungus that targets them now.  They rot in the ground before they can "seed".  I only had half of what I should have had because of dry weather this year in the garden.  that doesn't help either.  no water, no plants.

Wed, 10/10/2012 - 22:36 | 2876829 DaveyJones
DaveyJones's picture

garlic's one of the easiest things to grow. It even perenializes if you let it. And it keeps out vampires, so I suppose it's good against Goldman too. 

Thu, 10/11/2012 - 07:43 | 2877305 Ralph Spoilsport
Ralph Spoilsport's picture

We got some heirloom garlic bulbs from Minnesota a few years ago. They've done so well we're already giving some away to neighbors and friends. Nothing like fresh garlic to spice up austerity cuisine - plus they are good for you.

Wed, 10/10/2012 - 22:47 | 2876848 Zap Powerz
Zap Powerz's picture

Weather only plays a factor in this way:

If its raining or snowing or too hot or too cold, bascially any kind of inclement weather, EBT users might be disinclined for a day to go to the grocery store to buy all the crappy food they can stuff in their pie holes.

And that is how weather affects food. 

Thu, 10/11/2012 - 03:34 | 2877129 AnAnonymous
AnAnonymous's picture

Weather plays a large part in it, but so does middleman fuckery.


Weather? Much more 'American' economics through ricardian economics. The weather evolves differently around the world.

But as 'americans' run a business of extorting the weak and farming the poor, they have pushed to destroy(and largely succeeded in destroying) farming around the world so that people are stuck in exchanging food against the resources required to sustain 'americans' in their way of life.

This sector of 'American' economics could only last as long as the weather pattern remains the same. It wont (and that was known by 'americans' before hand)

But the result is here: as farming has been supressed in some areas as wished by 'americans', all eggs are being put in the same basket (under 'american' control) This excludes areas that are going through farming favourable conditions these days to pick up since their farming capabilities were destroyed by 'americans'.

Only remain the farming areas as endorsed by 'americans' and weather pattern wont care about 'americans' 'wishes. And one can expect 'americans' to keep milking that situation in order to maintain the US world order.

Thu, 10/11/2012 - 04:52 | 2877153 Offthebeach
Offthebeach's picture

All your food are belong to us.

Wed, 10/10/2012 - 22:29 | 2876812 SilverRhino
SilverRhino's picture

No shit?   Holy crap I would have never guessed that if they weren't out there doing God's work.   

Wed, 10/10/2012 - 22:38 | 2876832 knukles
knukles's picture

OK guys, now listen.  The muppets have all received the food soft commodity report by now and we have two "killer" things for 'em.  We're long a piss-load of DBA and a whole bevy of similar ETFs to stick on 'em and we've preprinted a copy of the Commodity Trading Agreement for each and evey client, you can source them under their trade ticket preparation screen, and just tell 'em they'll be safe with the J Aaron folks with allocated, segregated accounts over at J P Morgan.

Thu, 10/11/2012 - 00:54 | 2877040 Hulk
Hulk's picture

I''m short Kroger due to the recent increase in bleach costs...

Thu, 10/11/2012 - 00:16 | 2877007 stocktivity
stocktivity's picture

Food is already going up...just not as noticable. Foe example, I happen to like chef Boy Are Dee raviolis....used to buy 16 oz cans a year ago for maybe $1+ when on sale. Now when they are on sale for $1+, I notice the cans are 15 oz. Check the packages. Everything is getting put in smaller containers or less weight but selling for the same price. I don't think they are measuring the food inflation by unit prices or food inflation would already be skyrocketing.

Thu, 10/11/2012 - 01:26 | 2877064 Harbanger
Harbanger's picture

How do you eat that crap.  Make a batch of sauce and freeze it in small containers.  I takes five minutes to cook real raviolis.

Thu, 10/11/2012 - 06:58 | 2877248 Freewheelin Franklin
Freewheelin Franklin's picture

Best...Ravioli... Ever 

Thu, 10/11/2012 - 07:00 | 2877251 Freewheelin Franklin
Freewheelin Franklin's picture

Link fail.

Thu, 10/11/2012 - 07:02 | 2877252 Freewheelin Franklin
Freewheelin Franklin's picture

Link fail.


(Squirrels are hungry, today.)

Thu, 10/11/2012 - 07:47 | 2877310 Ralph Spoilsport
Ralph Spoilsport's picture

I'm reminded of Chiun from Remo Williams and the Destroyer series: "Better you should eat this can than what is in it".

Wed, 10/10/2012 - 22:07 | 2876763 LetThemEatRand
LetThemEatRand's picture

High food prices are irrelevant to the productive class.  Fuck the poor.  Let Them Eat ....

Wed, 10/10/2012 - 22:15 | 2876777 fourchan
fourchan's picture



this does not matter to the fed, food or gas prices.

and since we exported all our wage inflation to the slave nations 

the fed can turn out the lights and go home. no problem.



ps fuck you ben

Wed, 10/10/2012 - 23:42 | 2876953 CPL
CPL's picture

Vermin Supreme can fix this with bridge work to the future.


So far he's sounding the sanest available US platform option.  He should partner up with the Rent is too high party.

Thu, 10/11/2012 - 00:29 | 2877023 Daily Bail
Daily Bail's picture


Brilliant.  Had never seen Vermin Supreme before.  He is good, but he is NOT at the level of Rent Is Too Damn High.

Rent Is Too Damn High Interrupts Peter Schiff At CPAC

Thu, 10/11/2012 - 04:53 | 2877154 derek_vineyard
derek_vineyard's picture

ben's a really good fucker

Wed, 10/10/2012 - 22:16 | 2876782 Bay of Pigs
Bay of Pigs's picture


Wed, 10/10/2012 - 22:21 | 2876792 Unprepared
Unprepared's picture

Let Them Eat Pampkin Pasteries and Salted Caramel Mocha.

Wed, 10/10/2012 - 22:27 | 2876810 Whoa Dammit
Whoa Dammit's picture

 Drones. Those 30,000 drones being turned loose by the government will breed like flies.  6 pointers make good eatin'.  ;-).

Wed, 10/10/2012 - 22:40 | 2876836 LetThemEatRand
LetThemEatRand's picture

Sadly true.  Both parties and most sheep support drones, the enforcers of the status quo of oligarch rule.

Thu, 10/11/2012 - 13:55 | 2877262 Griffin
Griffin's picture

When Obama won the 08 elections he jumped out to the scene like a pirate with 2 guns, loaded with hope and change.

Unfortunetly for him, those bullets can only be fired once.

So i guess he is going to have to bring something af real value to the table this time, like outlawing drones in US airspace :)




Thu, 10/11/2012 - 00:58 | 2877044 Hulk
Hulk's picture

We have cross bred fireflys with cannabis to crash those bitchez into the hillsides...

Wed, 10/10/2012 - 22:49 | 2876855 Zap Powerz
Zap Powerz's picture

High food prices are irrelevant to the poor because they dont pay for their food.  FIFY.

Wed, 10/10/2012 - 23:13 | 2876900 LetThemEatRand
LetThemEatRand's picture

Jamie Dimon administers and profits from the food stamp program.  And there actually are people who would starve to death were it not for evil collectivist funding of food kitchens and food stamps.  There are those who abuse it.   Fuck those who have legitimate need?

Wed, 10/10/2012 - 23:35 | 2876942 Overfed
Overfed's picture

If EBT/Welfare/subsidized housing didn't exist, I think you would be amazed at how few people actually have a legitimate need. So few that the charities would probably be able to handle it.

Thu, 10/11/2012 - 00:02 | 2876983 LetThemEatRand
LetThemEatRand's picture

Based upon Les Miserables?

Thu, 10/11/2012 - 04:18 | 2877137 RSBriggs
RSBriggs's picture

No based on, if you won't work and you aren't a fucking citizen, then you don't fucking eat.  The last estimate I saw showed that approximately 30% of the program is paid out to illegal immigrants.

Thu, 10/11/2012 - 07:03 | 2877255 j0nx
j0nx's picture

But, but what about the children?

Thu, 10/11/2012 - 04:57 | 2877158 Offthebeach
Offthebeach's picture

Let them drink ethanol.

Wed, 10/10/2012 - 23:20 | 2876914 Totentänzerlied
Totentänzerlied's picture

High food prices are not irrelevant to the productive classes.

Don't let anything get in the way of a good piece of inane class warfare statist rhetoric.

Soviet Union did a great job of feeding its people (Holodomor) [Stalinist]

Chicoms too (Great Chinese Famine) [Maoist]

Oh and India (Malnutrition in India) [Fabian Socialist]

What do these things have in common? Nothing related to free markets or free peoples. Let Them Eat ... [notice a pattern?]

Wed, 10/10/2012 - 23:57 | 2876974 A Nanny Moose
A Nanny Moose's picture

Define productive.

Thu, 10/11/2012 - 03:36 | 2877130 AnAnonymous
AnAnonymous's picture

In 'americanism', poor people are a stepping stone to the 'american' middle class.

Thu, 10/11/2012 - 14:20 | 2878294 akak
akak's picture

In Chinese Shitizenism, poor open roadsides are a stepping stone to the Chinese shitting class.

Thu, 10/11/2012 - 14:27 | 2878322 AnAnonymous
AnAnonymous's picture

That should mark a progress or something in the chinese citizenism fantasy.

As chinese are turning their roadsides into rich roadsides, they will less and less shit on them.

Something to remember...

Thu, 10/11/2012 - 14:33 | 2878344 akak
akak's picture

Your words and bigoted thoughts should mark a progress in your virulently prejudicial "US Citizenism" fantasy.

As kneejerk anti-American Chinese trolls are turning the metaphorical roadsides of the internet into richly-contaminated-with-bigotry roadsides, they will only continue to more and more shit on 'americans'.

Something to despise and avoid ....

Thu, 10/11/2012 - 14:36 | 2878360 AnAnonymous
AnAnonymous's picture

Still clinging to US citizenism as to a life buoy?

'Americans', very hard for them to deal with the reality at hand...

But hey, their nature is eternal so one knows what to expect...

Thu, 10/11/2012 - 14:42 | 2878387 akak
akak's picture

Still clinging to your fantasy of "US Citizenism", and Americans as the ONLY consumers in the world, and China as the "liberator" of blobbed-up Tibet, as to a life buoy?

Chinese Citizenism trolls, very hard for them to deal with the reality at hand...

But hey, their public defecatory nature is eternal, so one knows what to expect...

Thu, 10/11/2012 - 15:16 | 2878538 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous still clinging to US citizenism as his sole purpose in life?

AnAnonymousitizens, very hard for them to deal with the reality at hand, because their misperception of reality is in constant flux.

But hey, their pathetic, contemptible, repugnant nature is eternal, so one knows what to expect...

Thu, 10/11/2012 - 15:08 | 2878504 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous drooled on himself and said:

As chinese are turning their roadsides into rich roadsides, they will less and less shit on them.

ROR!! Made me the much laughing! Chinese citizenism citizens will never change their roadside fouling shitizenism, because it is a part of their eternal nature.

Something to remember...

Thu, 10/11/2012 - 15:16 | 2878540 akak
akak's picture

That is indeed a very important something, the most crustiest bit of the mattering thing.

Thu, 10/11/2012 - 15:33 | 2878606 TheFourthStooge-ing
TheFourthStooge-ing's picture

The crustiest bit of Chinese citizenism insanitation forms after the summer sun has been baking the roadside all day, literally cooking the vile dung trails left behind by AnAnonymousitizens as an expression of the excrementally ill disorder resulting from overconsumption and blobbing up.

The tourists retching on the roadsides from the smell are actually improving the environment.

Wed, 10/10/2012 - 22:10 | 2876767 Deathrips
Deathrips's picture

Goldman Should EAT LEAD. Fuck Bernake!

Wed, 10/10/2012 - 22:52 | 2876861 The Malamute Kid
The Malamute Kid's picture


Thu, 10/11/2012 - 06:32 | 2877228 slaughterer
slaughterer's picture

"Bank Urn"

Wed, 10/10/2012 - 23:16 | 2876906 Deathrips
Deathrips's picture

He doesnt deserve correct spellings......ill intentionally call him by by the wrong name..if i ever meet him...and i mispell trolls names. :)


Wed, 10/10/2012 - 22:12 | 2876772 HobbyFarmer
HobbyFarmer's picture

You can't eat food....wait.  Wrong argument.

Wed, 10/10/2012 - 22:15 | 2876780 Unprepared
Unprepared's picture

A very valid argument when you see what's on most people's dish.

Wed, 10/10/2012 - 22:24 | 2876805 Skateboarder
Skateboarder's picture

Cheetos does not count as food. Neither do those Go-Go Taquitos from 7-11. I eat one once a year, and it makes me feel like shit.

Wed, 10/10/2012 - 22:40 | 2876834 knukles
knukles's picture

Whenever I eat one they make me take a shit.

Wed, 10/10/2012 - 22:47 | 2876849 NewThor
NewThor's picture

Well, the Federal Reserve has actually kept the price of literal shit stable for the last 10 years, so there's that.....

Wed, 10/10/2012 - 23:37 | 2876948 Overfed
Overfed's picture

They've kept the price of shit rising in stable manner for the last 100 years.

Thu, 10/11/2012 - 00:18 | 2877009 stocktivity
stocktivity's picture

Then for you it's diet food.

Wed, 10/10/2012 - 23:45 | 2876961 Uber Vandal
Uber Vandal's picture

Off subject, but wow, this girl sure likes Cheetos:


Wed, 10/10/2012 - 22:13 | 2876775 lolmao500
lolmao500's picture

And of course, revolts will go everywhere...

GS and Bernanke, bigger warmonger and killers than Obama and Al-CIAda throught economic policies.

In other news... great interview of Nigel Farage on Capital Account.

Thu, 10/11/2012 - 00:03 | 2876984 Overfed
Overfed's picture

I love Nigel Farage. It makes me sad to think that he's probably going to have an 'accident' or a 'heart attack'. The world needs more leaders like him.

Wed, 10/10/2012 - 22:14 | 2876778 buzzsaw99
buzzsaw99's picture

Let the poor eat squid men.

Wed, 10/10/2012 - 22:15 | 2876781 Meesohaawnee
Meesohaawnee's picture

gs biggest recipient of pomo.pomo props stock market,crude trades lock step with stock market thus near highs, high crude high inflation. Am i off base? ok. you all can finish the rest.

Wed, 10/10/2012 - 22:20 | 2876790 Bicycle Repairman
Bicycle Repairman's picture

Are we still stuffing corn into our gas tanks?

Wed, 10/10/2012 - 22:52 | 2876858 Schmuck Raker
Schmuck Raker's picture

Hell yeah, we need all the sugar cane we can get for Rum.

Thu, 10/11/2012 - 06:56 | 2877245 Meesohaawnee
Meesohaawnee's picture

i thought all the ignorant posters were on yhoo finance.. guess not

Wed, 10/10/2012 - 22:21 | 2876793 Bansters-in-my-...
Bansters-in-my- feces's picture

Fuck YOU Bernanke,...!!!

Wed, 10/10/2012 - 22:22 | 2876796 randocalrissian
randocalrissian's picture

Food inflation to rise... nice of them to tell us about three years after it got underway in earnest.  It's no matter though, because real inflation thank goodness is very low.  Unfortunately there isn't much I spend money on that is part of their CPI inflation calculations.

Wed, 10/10/2012 - 22:22 | 2876800 Unprepared
Unprepared's picture

"From the Fed with Love"

Wed, 10/10/2012 - 22:23 | 2876803 yogibear
yogibear's picture

NY Fed chief Wlliam Dudley: but "iPods are getting cheaper"

Eat iPods!!

Wed, 10/10/2012 - 22:28 | 2876806 El Tuco
El Tuco's picture

The supply loss is concentrated in wheat, corn and soybeans, which jointly account for 70% of world agricultural production.

These 3 agricultural products are the greatest cause of obesity, illness and general health problems in America today. You would be better off taking up smoking and drinking than eating that shit.


For your reading enjoyment...


Wed, 10/10/2012 - 22:30 | 2876815 Zap Powerz
Zap Powerz's picture

This is truth that which you speak my ugly hispanic amigo.

GM wheat and corn actually increase appetite causing an increase in consumption of calories (and really bad calories at that).

The human diet, based on millions of years of evolution, should be what you can kill (protein and fat) and what you can pick and eat.  It does not include grains or sugar.

Wed, 10/10/2012 - 23:19 | 2876912 iinthesky
iinthesky's picture

Wait till Montsanto retaliates for the blowback for all their GM tainted food and labelling laws (if they pass). They will retaliate and send food prices soaring and come in to save the day with GM everything!

Wed, 10/10/2012 - 23:40 | 2876952 Whoa Dammit
Whoa Dammit's picture

Wait till someone conducts a good scientific study about the fact that Roundup Ready GMOs cause Roundup to be reproduced in the gut of people who eat it. (Already proven in French studies of sheep & goats).The resultant lawsuits will bankrupt Monsanto.

Thu, 10/11/2012 - 01:08 | 2877053 iinthesky
iinthesky's picture

No doubt.. Fuck Montsanto. But before they go down, if history rhymes, they will cause a lot of damage on their way to hell.

Thu, 10/11/2012 - 03:40 | 2877131 AnAnonymous
AnAnonymous's picture

The resultant lawsuits will bankrupt Monsanto.

Very unlikely.

Corporations are creatures of middle class societies.

In 'american' societies, the institution of justice is a middle class institution.

By bankrupting a corporation, the 'american' middle class would empoverish themselves. A decision that the institution of justice, a middle class institution, wont take as it would be self inflicted pain.

Will they take some decisions against Monsanto? Eventually, yes as to keep in order with the 'american' urge to masquerade. Will they bankrupt Monsanto and another 'american' corporation? They wont, especially the justicial institution that has the same nationality as the corporation.

This is an 'american' world.

Thu, 10/11/2012 - 04:23 | 2877141 RSBriggs
RSBriggs's picture

You are the biggest dipshit I have ever had the displeasure of reading something by.  Fuck off.

Thu, 10/11/2012 - 00:04 | 2876987 James
James's picture

Most everything you eat now is GMO.

Here's a comprehensive list.

Thu, 10/11/2012 - 19:21 | 2879126 honestann
honestann's picture

I'm sure a great many people thank you for this link.  Now that I live in the extreme boonies of a far away country and for the most part eat only what is grown locally, getting real food isn't as difficult for me.  Nonetheless, that list is a great service for a great many people.  Thanks.

Wed, 10/10/2012 - 22:26 | 2876809 Zap Powerz
Zap Powerz's picture

I hate to sound like a dick, but there is a bright side to food inflation:  potentially fewer fat people!

Wed, 10/10/2012 - 22:41 | 2876837 Skateboarder
Skateboarder's picture

Has nothing to do with inflation. People are getting fat because they are living sedentary lifestyles while maintaining a high-fat, high-calorie diet in which the blood sugar levels are pushed to oblivion with fructose. What does these people in is in fact HFCS, because the carboxyl groups in fructose break down differently than glucose in a high-fat/high-calorie diet. The breakdown of fructose in this setting causes obesity quite directly.

If we want to see real change, we can't have HFCS being produced. At all. And people who overeat need to appreciate hunger more... just because your tummy's hungry doesn't mean you need to scarf some fucking food down pronto. Figuring out your fasting cycle is a key to good health.

Fuck the corn refiners association. Right up the bunghole.

Wed, 10/10/2012 - 22:53 | 2876863 Zap Powerz
Zap Powerz's picture

You bring up just one more, among many, example of how sick (as in unhealthy) and fucked up American society is.

How much longer do people really thing such a sick, lazy, depedent society can last?

My guess? Less than 2 more years.

Wed, 10/10/2012 - 23:21 | 2876894 Dr. Engali
Dr. Engali's picture

Agreed. The average citizen eats nothing but shit. The most exercise they get is reaching for their credit card as the roll through the drive thru(another sign of lazy fucking Americans, can't even spell the word through they have to shorten it) Then the lazy basturds can't even take their trash home with them they have to throw it out on the street. The best thing that could happen to them is gas prices going through the roof so they can't afford to take their giant fucking SUV down to the McDonald's drive through ( thru for the lazy turds) and they might actually have to cook something for themselves.

Wed, 10/10/2012 - 23:36 | 2876945 Ms. Erable
Ms. Erable's picture

Pipe down - Ow! My Balls! is on.

Thu, 10/11/2012 - 00:20 | 2877013 stocktivity
stocktivity's picture

didn't sound like a dick.

Wed, 10/10/2012 - 22:31 | 2876818 urbanelf
urbanelf's picture

Viva la Bernakiacion!!!

Wed, 10/10/2012 - 22:30 | 2876819 Ineverslice
Ineverslice's picture


Regular size bag Doritos or Lays - $5.39 (smaller bag it seems)

Big bucket of KFC Dinner was more than $46 (18 pcs?)    


Wed, 10/10/2012 - 23:05 | 2876884 Dr. Engali
Dr. Engali's picture

Holy crap! Where do you live? I don't pay anywhere near those prices. They have certainly jumped a lot but nothing like that.

Wed, 10/10/2012 - 23:24 | 2876924 Ineverslice
Ineverslice's picture


Yea...regular prices (esp. milk) can be had at the Navy Exchange or px but we civilians get stuck. Atleast Cali leapfrogged us for highest gas in the nation... Honolulu, USSA.  Best weather in the world ;)


Wed, 10/10/2012 - 23:30 | 2876937 Dr. Engali
Dr. Engali's picture

I'm in Indiana. I pay about 1/2 that price.

Wed, 10/10/2012 - 23:42 | 2876955 Ineverslice
Ineverslice's picture


   The heartland! Dairy and corn were practically invented there...

RV biz on life support, no surprise...I wonder if Elkardt will get suckered in again by the man who grew up (went to High School) with Grandmother less than 2 blocks from where I type this, again.  I grew up on Long Island, ny, so I am skeptical of everything.

Wed, 10/10/2012 - 23:53 | 2876968 Dr. Engali
Dr. Engali's picture

That's funny you mentioned the RV biz, but you're right. We have the largest dealer here and his major competitor ( who by the way was a relative) went out of business. Tough times for sure.

Thu, 10/11/2012 - 00:03 | 2876985 Ineverslice
Ineverslice's picture


The great liquidation is on like Kong. Seniors and younger, desperately raising cash...RV's can be had for a song, you'd be nuts to shop at a dealer.  Very sad. Obumma owes Elkardt an apology. 

Wed, 10/10/2012 - 22:39 | 2876833 zorba THE GREEK
zorba THE GREEK's picture

Goldman's report states that when EM countries encounter food inflation,

they tighten monetary policy to strengthen their currency thus bringing

prices for imported foodstuffs down. It seems that in the U.S. food and energy

inflation are ignored by the Fed because they are transitory and volatile so

they are not counted in official inflation figures. EM countries seem to care

more about their poor being able to afford food than the U.S. Oh, that's right,

the U.S. gives their people food stamps, thereby making them dependent on

the government for survival. Welcome to serfdom. 

Wed, 10/10/2012 - 22:45 | 2876843 Rathmullan
Rathmullan's picture


Wed, 10/10/2012 - 22:48 | 2876850 Supernova Born
Supernova Born's picture

That'll leave a mark.

I remember being without cash and very hungry in college one night. The glass on the vending machine looked very fragile. I was surprised how quickly the glass became the issue in my mind.

Wed, 10/10/2012 - 23:24 | 2876925 tickhound
tickhound's picture

Big red flag for the Pre-Cog-Crime-Unit.  First offense is a slight increase on all insurance premiums.

Just a prediction. 

Wed, 10/10/2012 - 22:49 | 2876854 monopoly
monopoly's picture

It is constantly seen at the grocery store we all frequent. Even the checkers are advising it is a weekly occurrence as the computer prices are changed. One old checker at Trader Joes advised, if this keeps up I will not have the money to eat.

And I review todays posts......How can you possibly Not Donate to Zero Hedge. Always the truth, even if you disagree. My latest donation sent. Helps me sleep at night, along with my physical safely stashed away from the freaking broken, insolvent, corrupt sick banks.

Wed, 10/10/2012 - 23:16 | 2876876 tickhound
tickhound's picture

Looks like Goldman is ready to dump some commodities... Might mean we're in for a correction.  Dollar rally.  Throw in some "incidents" around the world, you know... get the dollar back over 80.

But not that I'm some FUCKING CONSPIRACY THEORIST on zerohedge or anything.

Wed, 10/10/2012 - 23:07 | 2876888 Westcoastliberal
Westcoastliberal's picture

Meantime, farmers are thinning their herds because they can't afford to feed as many with the higher prices of grain & corn.  Not a good cycle for us eaters.

Wed, 10/10/2012 - 23:29 | 2876933 Dr. Engali
Dr. Engali's picture

That's why I hunt and stock the freezer with deer meat. When everything is said and done I have about .25 a pound in it.

Wed, 10/10/2012 - 23:57 | 2876975 Ineverslice
Ineverslice's picture


From what I've been hearing, more and more Amerikans (Midwest and South?) depend on the great venison as their only meat source. Gotta have a 30-30 (like my Marlin)!  

Spent time in Alaska, where just about every other house gets a moose a year, which I greatly enjoyed along with caribou, which is so lean they had to add fat to make yummy sausages.

Thu, 10/11/2012 - 00:10 | 2877000 Dr. Engali
Dr. Engali's picture

I'm strictly a bow hunter. I have a variety of guns, but I don't like to hunt with them. I prefer the solitude of bow hunting. It's more satisfying to stalk my prey.

Thu, 10/11/2012 - 06:51 | 2877239 lakecity55
lakecity55's picture

Well, Doc, that's not bad. It's 50$ to get supplied with deerburger here.

I am scouting again this weekend.

Makes it more exciting to pretend the bucks are UN helmets. Makes you more concious of sound discipline, haha.

Wed, 10/10/2012 - 23:09 | 2876890 agNau
agNau's picture

"Useless Eaters!"

Wed, 10/10/2012 - 23:10 | 2876891 kito
kito's picture

goldman shorting RJA....................

Wed, 10/10/2012 - 23:12 | 2876896 realtick
realtick's picture

If Real Earnings Are Down Why Is The Real S&P Up?

Thu, 10/11/2012 - 00:07 | 2876994 cynicalskeptic
cynicalskeptic's picture

All that free cash .............   keeping the Ponzi scheme going

Thu, 10/11/2012 - 00:07 | 2876995 kekekekekekeke
kekekekekekeke's picture

lissen y'all so I have two options in January:

1. hunker down where I am keep my job and my apartment with my state trooper boyfriend and his guns 1.5 hours away

2. move to KSA or China and teach English make some $ and get some wanderlust out of my system


I really want to do #2 but the aspiring prepper in me is like :S 


Saudi would suck if TSHTF lol

Thu, 10/11/2012 - 06:48 | 2877235 lakecity55
lakecity55's picture

Get your own gun; 1.5 hrs is too far. When you need them, the cops are only minutes away.

Move in w/trooper. Remember, tho, there is a lot of stress in LE families.

Do not go to China at this time.

Thu, 10/11/2012 - 07:32 | 2877293 j0nx
j0nx's picture

Agreed. China and KSA are powderkegs waiting to blow. I sympathize with the wanderlust but wander to some other country who isn't on the verge of chaos for a multitude of reasons, assuming there is such a place these days. I also agree with the LE family thing. Last I checked, marriages in LE had about a 90% divorce rate. Get yourself another man who can take care of himself and you with a stable 9-5 job who isn't used to giving orders and doesn't have a GOD complex.

Do NOT follow this link or you will be banned from the site!