And Now the Wall Street Journal Sounds the Food Shortage Alarm.

Load Up the Pantry
April 21, 2008 6:47 p.m.

By BRETT ARENDS

I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food.

No, this is not a drill.

You've seen the TV footage of food riots in parts of the developing world. Yes, they're a long way away from the U.S. But most foodstuffs operate in a global market. When the cost of wheat soars in Asia, it will do the same here.

Reality: Food prices are already rising here much faster than the returns you are likely to get from keeping your money in a bank or money-market fund. And there are very good reasons to believe prices on the shelves are about to start rising a lot faster.

"Load up the pantry," says Manu Daftary, one of Wall Street's top investors and the manager of the Quaker Strategic Growth mutual fund. "I think prices are going higher. People are too complacent. They think it isn't going to happen here. But I don't know how the food companies can absorb higher costs." (Full disclosure: I am an investor in Quaker Strategic)"

Soup line for children

Comments

[coach outlet]

So funny, I think.*

[ugg store]

There is no resting place for an enterprise in a competitive economy.

[new jordans]

It is a good story.

[new jordans]

It is a good story.