[FairfieldLife] Re: IS WALL STREET DRIVING WORK HUNGER
Anywhere they can make a buck. Its a machine.:-) --- In FairfieldLife@yahoogroups.com, nablusoss1008 no_reply@... wrote: Skip Navigation http://www.theatlantic.com/business/archive/2011/09/is-wall-street-driv\ ing-world-hunger/245090/#middle [Subscribe to The Atlantic] https://secure.palmcoastd.com/pcd/eSv?iMagId=23301i4Ky=IA2S * Subscribe https://secure.palmcoastd.com/pcd/eSv?iMagId=23301i4Ky=IA1S * Renew https://secure.palmcoastd.com/pcd/eServ?iServ=MjMzMDE1ODgzNQ== * Give a Gift https://secure.palmcoastd.com/pcd/eSv?iMagId=23301i4Ky=IFGD * Digital Edition http://itunes.apple.com/us/app/the-atlantic-magazine-digital/id39759989\ 4?mt=8 The Atlantic Home http://www.theatlantic.com/Saturday, September 17, 2011GoFollow the Atlantic » http://www.theatlantic.com/follow-the-atlantic/[Twitter] http://twitter.com/TheAtlantic/ [Facebook] http://www.facebook.com/TheAtlantic [RSS] http://www.theatlantic.com/follow-the-atlantic/#rssFeeds [iPhone] http://itunes.apple.com/us/app/theatlantic/id343217035?mt=8 * Derek Thompson is senior editor at The Atlantic, and he oversees business coverage for TheAtlantic.com. He is a visiting research fellow at the Committee for a Responsible Federal Budget at the New America Foundation. Derek has also written for Slate, BusinessWeek and The Daily Beast. He has appeared as a guest on radio and television networks, including NPR, the BBC, CNBC and MSNBC. * All Posts http://www.theatlantic.com/derek-thompson * [Share] Share http://www.addthis.com/bookmark.php http://www.addthis.com/bookmark.php http://www.addthis.com/bookmark.php?v=250winname=addthispub=atlantico\ nlinesource=tbx-250lng=nos=linkedinurl=http%3A%2F%2Fwww.theatlantic.\ com%2Fbusiness%2Farchive%2F2011%2F09%2Fis-wall-street-driving-world-hung\ er%2F245090%2Ftitle=Is%20Wall%20Street%20Driving%20World%20Hunger%3F%20\ -%20The%20Atlanticate=AT-atlanticonline/-/-/4e7659cda6bb9808/1frommenu\ =1uid=4e7659cd01b2744ect=1pre=http%3A%2F%2Frajpatel.org%2F2011%2F09%2\ F17%2Fyet-more-reasons-to-occupywal%2F%3Futm_source%3Dfeedburner%26utm_m\ edium%3Demail%26utm_campaign%3DFeed%253A%2Brajpatel%252Fhome%2B%2528RajP\ atel.org%2529tt=0 http://www.addthis.com/bookmark.php « http://www.theatlantic.com/business/archive/2011/09/whos-had-the-worst-\ recession-boomers-millennials-or-gen-xers/245056/ Previous Thompson http://www.theatlantic.com/business/archive/2011/09/whos-had-the-worst-\ recession-boomers-millennials-or-gen-xers/245056/ | Next Thompson http://www.theatlantic.com/business/archive/2011/09/how-hollywood-accou\ nting-can-make-a-450-million-movie-unprofitable/245134/ » http://www.theatlantic.com/business/archive/2011/09/how-hollywood-accou\ nting-can-make-a-450-million-movie-unprofitable/245134/[Email] Email http://www.addthis.com/bookmark.php [Print] Print http://www.theatlantic.com/business/print/2011/09/is-wall-street-drivin\ g-world-hunger/245090/ Close http://www.theatlantic.com/business/archive/2011/09/is-wall-street-driv\ ing-world-hunger/245090/# Is Wall Street Driving World Hunger?By Derek Thompson Sep 14 2011, 12:20 PM ET 14 http://www.theatlantic.com/business/archive/2011/09/is-wall-street-driv\ ing-world-hunger/245090/#disqus_thread [http://www.stlouisfed.org/publications/re/2011/c/images/commoditypriceL\ .png] In the last five years, the price of commodities like rubber, corn, and cotton have doubled, crashed, and then quadrupled. Is this a typical tango between limited supply and growing demand? Or have central banks and investors pumped the commodities markets with extra juice that makes their gyrations more violent? In July, the St. Louis Fed looked at this very question. This synchronization of price waves across many commodities (see above) might suggest http://www.stlouisfed.org/publications/re/articles/?id=2122 that our commodity price boom is a bubble driven primarily by near-zero interest rates and excessive speculation in commodity futures markets. But it's more likely that market fundamentals are driving the high price of agricultural products and other resources, for at least three reasons: 1) Supply shocks: The 47 percent increase in wheat prices last year was largely attributable to drought in Russia and China and to floods in Canada and Australia, the Fed reported. High cotton prices stemmed from floods in China, the world's largest producer, and Pakistan, its fourth-largest. 2) The Rise of China/India, whose share of the aluminum and copper market has quadrupled since 1995. 3) The Rise of Biofuels: The growth of ethanol and biodiesel demand means energy demands are eating what would have formerly been surplus of corn and soy. This has the effect of placing a floor beneath food prices, since there will always be a base of demand for these crops. At the same time, there is a less
Re: [FairfieldLife] Re: IS WALL STREET DRIVING WORK HUNGER
There is a protest on Wall Street today. It was supposed to begin at 3PM EDT. It is being streamed online here but so far the feed keeps getting interrupted. You probably read nothing about it in the MSM and there is an unconfirmed report that Twitter has block tags associated with the protest. I guess Amerika is going full bore Naziesque now. http://www.livestream.com/globalrevolution On 09/17/2011 12:16 PM, whynotnow7 wrote: Anywhere they can make a buck. Its a machine.:-) --- In FairfieldLife@yahoogroups.com, nablusoss1008no_reply@... wrote: Skip Navigation http://www.theatlantic.com/business/archive/2011/09/is-wall-street-driv\ ing-world-hunger/245090/#middle [Subscribe to The Atlantic] https://secure.palmcoastd.com/pcd/eSv?iMagId=23301i4Ky=IA2S * •Subscribe https://secure.palmcoastd.com/pcd/eSv?iMagId=23301i4Ky=IA1S * •Renew https://secure.palmcoastd.com/pcd/eServ?iServ=MjMzMDE1ODgzNQ== * •Give a Gift https://secure.palmcoastd.com/pcd/eSv?iMagId=23301i4Ky=IFGD * •Digital Edition http://itunes.apple.com/us/app/the-atlantic-magazine-digital/id39759989\ 4?mt=8 The Atlantic Homehttp://www.theatlantic.com/ Saturday, September 17, 2011GoFollow the Atlantic » http://www.theatlantic.com/follow-the-atlantic/ [Twitter] http://twitter.com/TheAtlantic/[Facebook] http://www.facebook.com/TheAtlantic[RSS] http://www.theatlantic.com/follow-the-atlantic/#rssFeeds[iPhone] http://itunes.apple.com/us/app/theatlantic/id343217035?mt=8 * Derek Thompson is senior editor at The Atlantic, and he oversees business coverage for TheAtlantic.com. He is a visiting research fellow at the Committee for a Responsible Federal Budget at the New America Foundation. Derek has also written for Slate, BusinessWeek and The Daily Beast. He has appeared as a guest on radio and television networks, including NPR, the BBC, CNBC and MSNBC. * All Postshttp://www.theatlantic.com/derek-thompson * [Share] Sharehttp://www.addthis.com/bookmark.php http://www.addthis.com/bookmark.php http://www.addthis.com/bookmark.php?v=250winname=addthispub=atlantico\ nlinesource=tbx-250lng=nos=linkedinurl=http%3A%2F%2Fwww.theatlantic.\ com%2Fbusiness%2Farchive%2F2011%2F09%2Fis-wall-street-driving-world-hung\ er%2F245090%2Ftitle=Is%20Wall%20Street%20Driving%20World%20Hunger%3F%20\ -%20The%20Atlanticate=AT-atlanticonline/-/-/4e7659cda6bb9808/1frommenu\ =1uid=4e7659cd01b2744ect=1pre=http%3A%2F%2Frajpatel.org%2F2011%2F09%2\ F17%2Fyet-more-reasons-to-occupywal%2F%3Futm_source%3Dfeedburner%26utm_m\ edium%3Demail%26utm_campaign%3DFeed%253A%2Brajpatel%252Fhome%2B%2528RajP\ atel.org%2529tt=0 http://www.addthis.com/bookmark.php « http://www.theatlantic.com/business/archive/2011/09/whos-had-the-worst-\ recession-boomers-millennials-or-gen-xers/245056/ Previous Thompson http://www.theatlantic.com/business/archive/2011/09/whos-had-the-worst-\ recession-boomers-millennials-or-gen-xers/245056/ | Next Thompson http://www.theatlantic.com/business/archive/2011/09/how-hollywood-accou\ nting-can-make-a-450-million-movie-unprofitable/245134/ » http://www.theatlantic.com/business/archive/2011/09/how-hollywood-accou\ nting-can-make-a-450-million-movie-unprofitable/245134/ [Email] Emailhttp://www.addthis.com/bookmark.php [Print] Print http://www.theatlantic.com/business/print/2011/09/is-wall-street-drivin\ g-world-hunger/245090/ Close http://www.theatlantic.com/business/archive/2011/09/is-wall-street-driv\ ing-world-hunger/245090/# Is Wall Street Driving World Hunger?By Derek Thompson Sep 14 2011, 12:20 PM ET 14 http://www.theatlantic.com/business/archive/2011/09/is-wall-street-driv\ ing-world-hunger/245090/#disqus_thread [http://www.stlouisfed.org/publications/re/2011/c/images/commoditypriceL\ .png] In the last five years, the price of commodities like rubber, corn, and cotton have doubled, crashed, and then quadrupled. Is this a typical tango between limited supply and growing demand? Or have central banks and investors pumped the commodities markets with extra juice that makes their gyrations more violent? In July, the St. Louis Fed looked at this very question. This synchronization of price waves across many commodities (see above) might suggesthttp://www.stlouisfed.org/publications/re/articles/?id=2122 that our commodity price boom is a bubble driven primarily by near-zero interest rates and excessive speculation in commodity futures markets. But it's more likely that market fundamentals are driving the high price of agricultural products and other resources, for at least three reasons: 1) Supply shocks: The 47 percent increase in wheat prices last year was largely attributable to drought in Russia and China and to floods in Canada and Australia, the Fed reported. High cotton prices stemmed from floods in China, the world's largest producer, and Pakistan, its fourth-largest. 2)
