US Agriculture Secy: Food Inflation to Hit 43%

Thursday, June 05, 2008 | 03:30 AM

"Internationally we're looking at a 43% inflation rate in food this year," Ed Schafer, US secretary of Agriculture, told CNBC Tuesday. Schafer said the big driving factor was energy

Food Inflation to Hit 43%: Schafer
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Bonus video: PIMCO's Bill Gross and CNBC's Steve Liesman discuss the dollar and future interest rate decisions.

The Dollar & Interest Rates
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Thursday, June 05, 2008 | 03:30 AM | Permalink | Comments (5) | TrackBack (1) add to | digg digg this! | technorati add to technorati | email email this post



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» BizLinks and Open Comments | 6.5.08 from Loren Steffy
Continental to cut 3,000 jobs, slash domestic flights -- and at the same time Airfares from Bush Intercontinental leaping skyward Third Texas electric provider in a month defaults Wal-Marts Detractors Come In From the Cold Gas Prices Seen Hurti... [Read More]

Tracked on Jun 5, 2008 8:47:26 AM


This Einhorn must be a hack...otherwise he wouldn't be so public in shorting LEH. LEH is probably a good short, but others are likely better. According to exposure ratios on BoomBustBlog MS, GS and MER might be much better shorts.

Posted by: Steve Barry | Jun 5, 2008 8:15:45 AM

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