Handbasket Report- June 24th

I’d intended to write a post on the impending food shortages, with floods followed by massive drought in California.

From Bloomberg

“I’m very concerned — panicked is probably a better word,” said melon broker Stephen Patricio, a former chairman of the Western Growers Association, which is based in Irvine, California.

Who could resist throwing out articles on bees dying, food riots, rice shortages, menhadden depletion, and other joy? I wriggled with prophecy.

Other news intervened. Trust me on the other and go buy a good stock of chickpeas. While you’re there, pick up a little of everything else you might possibly ever need.

Did you know DOW Chemical is raising prices 25% after a 20% raise three weeks ago? That’ll be passed along in everything.

Home prices drop. Who cooda knowd?

Wait! Shopping will save us! Or not.

Well, if the consumer won’t perform her patriotic duty then the stock market will have to step in- rather like a financial National Guard. Um, except they’re in Iraq, with little functional equipment, and are held hostage by a private company who can blackmail excessive fees from the government which ceded control over the day to day survival of the military.

Maybe buying a vehicle and getting out of Dodge sound best. And why not? GM holds such financial high ground they’re offering 6 year interest free loans. Now that’s a vote of confidence given this price inflationary era.

Ugh. All this news makes me crazed. I think I’ll head outside and relax to the sound of meadowlarks.

Sybil

Update: Cassandra chimed in with this gem.

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2 Responses to “Handbasket Report- June 24th”

  1. Cassandra Says:

    Worried about meadowlarks? Check out this article:

    “Warming May Make ‘Perfect Storm’ of Disease”

    Cassandra

  2. Sybil Says:

    Cassandra, you always come through.

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