Tag Archive for 'Food Price Index'

Since the beginning of the century, we have witnessed far more crises than anyone in the world expected. We all remember the dotcom bubble, September 11 events, the collapse of the housing market, the failure of Wall Street brokerage firms (Bear Stearns and Lehman Brothers), the failure of Freddie Mac and Fannie Mae, the failure of AIG or the bankruptcy of General Motors. Despite all these heavy challenges and mounting losses, the global financial system managed to stay afloat. A key role in holding the system together could be attributed to the government bailouts and central bank interventions. Nonetheless, a potential commodity crisis especially a near-term food crisis could bring the global financial system to its knees. Continue reading ‘Food Prices – Danger Ahead’