Tag food prices

Spot food prices up 19% so far in 2014

Are food prices rising where you are? I often have lunch and coffee at @YC. Owner John tells me milk just rose $1.50 a gallon and bacon spiked from $32 to $42. He may have to raise prices. What happens…

How Goldman Sachs created the food crisis

From those crazed radicals at Foreign Policy Don’t blame American appetites, rising oil prices, or genetically modified crops for rising food prices. Wall Street’s at fault for the spiraling cost of food. Instead blame the Goldman Sachs Commodity Index (GSCI)…

A fine rant on commodity speculation

From options trader Philip Davis. Who are the apologists at CNBC really protecting? Bloomberg says it’s the investment banks, who have churned free Federal loans along with an investor frenzy into $596 TRILLION of speculative derivative investments “including those based…