Today i have chosen not to write about Buying Euros, Spanish Property or the Spanish Mortgage market for a change but on a more important issue
Food Inflation!
Food Inflation is turning out to be the prime issue at the moment not the sub prime or credit crunch. Increasing around the world food prices has boomed and as a result there are alot of hungry people demanding action.
Rice of instance has rocketed and considering that half the world’s population live on Rice this is alarming.
Here in the West it is only an inconvince at present and gives us something to discuss over dinner but there are the worrying signs that this could lead as into the largest recession since the 1970's.
Read Stephen Kings article in the Independent for a more detailed breakdown
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