Sixstrings wrote:AgentR11 wrote:Buy Low.
Sell High.
Or plant some cotton.
Actually, that's an excellent point, Six. Extending that principle to food, which is more critical short term than new threads...
We can't predict the weather of course, but from what I read, farmers are now planting HUGE corn crops as a group, which should greatly alleviate the high corn prices at some point (even with all the stupid corn-ethanol mandates).
Unless the climate gets so bad you can't reliably grow stuff and we're all screwed anyway, for the FIRST world, capitalism will greatly help alleviate surges in soft commodity prices over time, if it is just allowed to work.
Where they're starving (third world), relying on massive imports of food to survive AND continuing to rapidly reproduce, um, ahem, the BAU condition seems to be far less optimistic, food-wise, given the impending financial hammer the first world faces.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.