While farm output prices have risen, farm input prices have risen even more. The Consumer Price Index in the US is rising at an 8.5% rate. But the ‘agflation’ rate — fuel, fertiliser, and animal feed — is going up at almost 30% per year.
The late Chinese leader Deng Xiaoping once said ‘a cat that catches mice is a good cat, regardless of whether it is white or black’.
I want to take that statement and play around with it.
In today’s Money Morning…Europe is now scrambling to find the best possible solution…overcoming past mistakes…a better way forward…and more…
In today’s Money Morning…big buyer of big tech…more opportunities to come…don’t get too caught up in the whole inflation and interest rate fixation…and more…
Last week, we got news that the US economy is now in reverse. It’s no longer growing; it’s shrinking, backing up. Less income, fewer sales, fewer profits, smaller salaries — the whole shebang.
In recent weeks, I’ve been contacted by several owners wanting advice on selling apartments that have lost significant value since construction
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