Yes it is sort of ironic because in the US rice is...

2008-05-01T13:57:00.000-04:00

Yes it is sort of ironic because in the US rice is not a staple; wheat/corn is. Rice is still more of an ethnic thing and while we have a lot of Asians it's not any sort of crisis.

One thing about food... right now there is no shortage of food. I try never to type shortage. Its a pricing issue. Many people in the globe are being priced out of food. It is not like it is not there... literally in some situations armed guards are standing by rice in parts of Asia... so it's there. It's just not at a price point more and more can afford. That's inflation for you.

Right now I'd only be long corn if I could pick and choose... in London they have ETFs which you can go long specific commodities. In the US we are stuck with things that put a bunch of different things in one ETF. Thats why I've pulled back. I still think meat will be much higher in a year as well. Much.

But traders are traders and it's all for one, and one for all.... copper = meat = rice = crude = iron = potash ;) It's basically an asset allocation trade. The trick is to buy the ones that should benefit the most when the trade is reversed, so you get the most pop from the hedge fund rotation.

I generally agree with your ideas that the USA is ...

2008-05-01T13:21:00.000-04:00

I generally agree with your ideas that the USA is in big trouble, I like your stock suggestions.

One point, since the hysteria this week from the media on the "food crisis", rice prices have declined 15% and counting.

Surely, the Costco, and Walmart decisions to limit rice purchases at least to me signaled a top to this market, there is no shortage of rice in the USA, and by the way what family buys 4 50lb bags or rice anyway?

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Yes it is sort of ironic because in the US rice is...

I generally agree with your ideas that the USA is ...